Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v2.4.0.6
Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table summarizes revenues, net income (loss) from operations and total assets for each of our operating segments (in thousands):
 
 
Segments
 
 
LNG Terminal
 
Natural
Gas Pipeline
 
LNG & Natural Gas Marketing
 
Corporate and Other (1)
 
Total
Consolidation
As of or for the Three Months Ended March 31, 2012
 
 

 
 

 
 

 
 
 
 

Revenues
 
$
67,260

 
$
6

 
$
2,658

 
$
550

 
$
70,474

Intersegment revenues (losses) (2) (3)
 
2,365

 
24

 
(1,431
)
 
(958
)
 

Depreciation, depletion and amortization
 
10,708

 
3,680

 
1,302

 
600

 
16,290

Non-cash compensation
 
172

 
34

 
981

 
1,102

 
2,289

Income (loss) from operations
 
20,254

 
(5,723
)
 
(6,746
)
 
(7,064
)
 
721

Interest expense, net
 
(43,457
)
 
(11,484
)
 

 
(3,409
)
 
(58,350
)
Goodwill
 
76,819

 

 

 

 
76,819

Total assets
 
1,897,114

 
534,638

 
82,179

 
420,591

 
2,934,522

Expenditures for additions to long-lived assets
 
1,043

 
2

 
700

 
236

 
1,981

 
 
 
 
 
 
 
 
 
 
 
As of or for the Three Months Ended March 31, 2011
 
 

 
 

 
 

 
 

 
 

Revenues
 
$
70,001

 
$
13

 
$
8,449

 
$
768

 
$
79,231

Intersegment revenues (losses) (2) (3)
 
4,782

 
11

 
(4,793
)
 

 

Depreciation, depletion and amortization
 
10,840

 
3,754

 
261

 
531

 
15,386

Non-cash compensation
 
572

 
176

 
3,538

 
3,725

 
8,011

Income (loss) from operations
 
33,784

 
(5,496
)
 
761

 
(5,483
)
 
23,566

Interest expense, net
 
(43,235
)
 
(11,229
)
 

 
(9,690
)
 
(64,154
)
Goodwill
 
76,819

 

 

 

 
76,819

Total assets
 
1,928,351

 
550,991

 
72,092

 
12,999

 
2,564,433

Expenditures for additions to long-lived assets
 
2,561

 
(76
)
 

 
72

 
2,557

 
(1)
Includes corporate activities, oil and gas exploration, development and exploitation activities and certain intercompany eliminations. Our oil and gas exploration, development and exploitation operating activities have been included in the corporate and other column due to the lack of a material impact that these activities have on our consolidated financial statements.
(2)
Intersegment revenues related to our LNG terminal segment are primarily from tug revenues from Cheniere Marketing and the receipt of 80% of gross margins earned by Cheniere Marketing in monetizing the TUA capacity of Cheniere Energy Investments, LLC ("Cheniere Investments"), a wholly owned subsidiary of Cheniere Partners, at the Sabine Pass LNG terminal in the three months ended March 31, 2012 and 2011. These LNG terminal segment intersegment revenues are eliminated with intersegment expenses in our Consolidated Statements of Operations.
(3)
Intersegment losses related to our LNG and natural gas marketing segment are primarily from Cheniere Marketing's tug costs and the payment of 80% of gross margins earned by Cheniere Marketing in monetizing the TUA capacity of Cheniere Investments at the Sabine Pass LNG terminal in the three months ended March 31, 2012 and 2011. These LNG terminal segment intersegment costs are eliminated with intersegment revenues in our Consolidated Statements of Operations.