Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v2.4.0.6
Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
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 June 30, 2012
 
 
 
 
 
 
 
 
 
 
Revenues
 
69,064

 
51

 
(4,341
)
 
(2,446
)
 
62,328

Intersegment revenues (losses) (2) (3)
 
629

 
27

 
1,096

 
(1,752
)
 

Depreciation, depletion and amortization
 
10,692

 
4,164

 
256

 
366

 
15,478

Non-cash compensation
 
213

 
40

 
420

 
1,286

 
1,959

Income (loss) from operations
 
15,122

 
(5,970
)
 
(8,580
)
 
(6,693
)
 
(6,121
)
Interest expense, net
 
(43,458
)
 
(11,518
)
 

 
(888
)
 
(55,864
)
Goodwill
 
76,819

 

 

 

 
76,819

Total assets
 
2,009,386

 
531,667

 
67,625

 
419,652

 
3,028,330

Expenditures for additions to long-lived assets
 
46,694

 
5

 
965

 
260

 
47,924

 
 
 
 
 
 
 
 
 
 
 
As of or for the Three Months Ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
Revenues
 
67,302

 
18

 
4,606

 
884

 
72,810

Intersegment revenues (losses) (2) (3)
 
6,432

 
14

 
(6,063
)
 
(383
)
 

Depreciation, depletion and amortization
 
10,845

 
3,743

 
258

 
779

 
15,625

Non-cash compensation
 
634

 
165

 
2,124

 
3,417

 
6,340

Income (loss) from operations
 
35,928

 
(5,852
)
 
(7,791
)
 
(5,824
)
 
16,461

Interest expense, net
 
(43,399
)
 
(11,389
)
 

 
(9,799
)
 
(64,587
)
Goodwill
 
76,819

 

 

 

 
76,819

Total assets
 
1,865,312

 
547,243

 
61,995

 
145,257

 
2,619,807

Expenditures for additions to long-lived assets
 
3,608

 
160

 
12

 
363

 
4,143

 
 
 
 
 
 
 
 
 
 
 
As of or for the Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 


Revenues
 
136,324

 
57

 
(1,684
)
 
(1,896
)
 
132,801

Intersegment revenues (losses) (2) (3)
 
2,993

 
51

 
(335
)
 
(2,709
)
 

Depreciation, depletion and amortization
 
21,400

 
7,844

 
1,558

 
966

 
31,768

Non-cash compensation
 
385

 
74

 
1,401

 
2,388

 
4,248

Income (loss) from operations
 
35,376

 
(11,693
)
 
(15,326
)
 
(13,756
)
 
(5,399
)
Interest expense, net
 
(86,916
)
 
(23,002
)
 

 
(4,297
)
 
(114,215
)
Expenditures for additions to long-lived assets
 
47,737

 
7

 
1,665

 
496

 
49,905

 
 
 
 
 
 
 
 
 
 
 
As of or for the Six Months Ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
Revenues
 
137,303

 
31

 
13,055

 
1,652

 
152,041

Intersegment revenues (losses) (2) (3)
 
11,214

 
25

 
(10,856
)
 
(383
)
 

Depreciation, depletion and amortization
 
21,685

 
7,497

 
519

 
1,310

 
31,011

Non-cash compensation
 
1,206

 
341

 
5,662

 
7,142

 
14,351

Income (loss) from operations
 
69,712

 
(11,348
)
 
(7,030
)
 
(11,309
)
 
40,025

Interest expense, net
 
(86,634
)
 
(22,618
)
 

 
(19,489
)
 
(128,741
)
Expenditures for additions to long-lived assets
 
6,169

 
84

 
12

 
435

 
6,700

 
(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 and six months ended June 30, 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 and six months ended June 30, 2012 and 2011. These LNG terminal segment intersegment costs are eliminated with intersegment revenues in our Consolidated Statements of Operations.