Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

 v2.3.0.11
Consolidated Statements of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net loss attributable to common stockholders $ (87,010) $ 50,510
Adjustments to reconcile net loss attributable to common stockholders to net cash provided by (used in) operating activities:    
Gain on sale of limited partnership investment 0 (128,329)
Loss on early extinguishment of debt 0 1,011
Depreciation, depletion and amortization 31,011 31,236
Amortization of debt issuance and debt discount 14,093 13,705
Non-cash compensation 14,352 9,945
Investment in (use of) restricted cash and cash equivalents (9,090) 41,250
Non-cash derivative gain 319 164
Non-controlling interest (1,927) (987)
Non-cash interest expense 15,627 17,428
Use of cash for accrued interest 0 (60,899)
Other (525) (4,668)
Changes in operating assets and liabilities:    
Accounts payable and accrued liabilities 2,046 (3,539)
LNG inventory (3,376) 32,100
Accounts and interest receivable 1,766 (16,190)
Deferred revenue (2,723) (2,086)
Prepaid expenses and other (4,085) (1,255)
Net cash provided by (used in) operating activities (29,522) (20,604)
Cash flows from investing activities    
Proceeds from sale of limited partnership investment 0 104,330
Use of restricted cash and cash equivalents 5,473 4,214
LNG terminal and pipeline construction-in-process, net (5,480) (3,065)
Distributions from limited partnership investment 0 3,900
Other (858) 220
Net cash provided by (used in) investing activities (865) 109,599
Cash flows from financing activities    
Sale of common stock, net 123,305 0
Debt repurchases 0 (104,681)
Use of restricted cash and cash equivalents 4,154 16,680
Distributions to non-controlling interest (13,306) (13,196)
Sale of common units by restricted affiliate 8,978 0
Purchase of treasury shares (2) (681)
Other (4,342) (1,549)
Net cash provided by (used in) financing activities 118,787 (103,427)
Net increase (decrease) in cash and cash equivalents 88,400 (14,432)
Cash and cash equivalents—beginning of period 74,161 88,372
Cash and cash equivalents—end of period $ 162,561 $ 73,940