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, 2013
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
 
LNG & Natural Gas Marketing
 
Corporate and Other (1)
 
Total
Consolidation
As of or for the Three Months Ended March 31, 2013
 
 
 
 
 
 
 
Revenues (2)
$
66,630

 
$
(1,157
)
 
$
433

 
$
65,906

Intersegment revenues (losses) (3) (4)
569

 
(592
)
 
23

 

Depreciation, depletion and amortization
14,380

 
249

 
484

 
15,113

Non-cash compensation
6,288

 
11,063

 
48,661

 
66,012

Income (loss) from operations
(5,824
)
 
(20,667
)
 
(40,963
)
 
(67,454
)
Interest expense, net
(51,916
)
 

 
11,654

 
(40,262
)
Loss before income taxes and non-controlling interest
(74,882
)
 
(20,656
)
 
(29,171
)
 
(124,709
)
Goodwill
76,819

 

 

 
76,819

Total assets
6,377,204

 
59,703

 
144,912

 
6,581,819

Expenditures for additions to long-lived assets
556,575

 

 
607

 
557,182

 
 
 
 
 
 
 
 
As of or for the Three Months Ended March 31, 2012
 
 
 
 
 
 
 
Revenues (2)
$
67,266

 
$
2,658

 
$
550

 
$
70,474

Intersegment revenues (losses) (3) (4)
2,389

 
(1,431
)
 
(958
)
 

Depreciation, depletion and amortization
14,388

 
1,302

 
600

 
16,290

Non-cash compensation
206

 
981

 
1,102

 
2,289

Income (loss) from operations
14,531

 
(6,746
)
 
(7,064
)
 
721

Interest expense, net
(54,941
)
 

 
(3,409
)
 
(58,350
)
Loss before income taxes and non-controlling interest
(41,479
)
 
(6,548
)
 
(10,820
)
 
(58,847
)
Goodwill
76,819

 

 

 
76,819

Total assets
2,431,752

 
82,179

 
420,591

 
2,934,522

Expenditures for additions to long-lived assets
1,045

 
700

 
236

 
1,981


 
(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)
Substantially all of the LNG terminal revenues relate to regasification capacity reservation fee payments made by Total and Chevron.
(3)
Intersegment revenues related to our LNG terminal business segment are primarily from tug revenues from Cheniere Marketing and the receipt of 80% of gross margins earned by Cheniere Marketing in an effort to monetize the TUA capacity of Cheniere Energy Investments, LLC ("Cheniere Investments") at the Sabine Pass LNG terminal in the three months ended March 31, 2013 and 2012. These LNG terminal business segment intersegment revenues are eliminated with intersegment expenses in our Consolidated Statements of Operations.
(4)
Intersegment revenues (losses) related to our LNG and natural gas marketing business segment are primarily from Cheniere Marketing's tug costs and the payment of 80% of gross margins earned by Cheniere Marketing in an effort to monetize the TUA capacity of Cheniere Investments at the Sabine Pass LNG terminal in the three months ended March 31, 2013 and 2012. These LNG and natural gas marketing business segment intersegment costs are eliminated with intersegment revenues in our Consolidated Statements of Operations.