Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
LNG terminal revenues $ 66,425 $ 66,071 $ 132,486 $ 133,331
Marketing and trading revenues 416 (4,007) (149) (1,349)
Other 336 264 746 819
Total revenues 67,177 62,328 133,083 132,801
Operating costs and expenses        
LNG terminal and pipeline operating expense 31,068 10,993 46,327 22,550
LNG terminal development expense 22,081 21,088 39,168 42,907
Depreciation, depletion and amortization 15,173 15,478 30,286 31,768
General and administrative expense 135,076 20,816 220,875 40,809
Other 57 74 159 166
Total operating costs and expenses 203,455 68,449 336,815 138,200
Loss from operations (136,278) (6,121) (203,732) (5,399)
Other income (expense)        
Interest expense, net (42,016) (55,864) (82,278) (114,215)
Loss on early extinguishment of debt 80,510 14,593 80,510 15,100
Derivative gain (loss), net 95,509 261 78,041 (575)
Other income 413 458 889 583
Total other expense (26,604) (69,738) (83,858) (129,307)
Loss before income taxes and non-controlling interest (162,882) (75,859) (287,590) (134,706)
Income tax provision (1,022) (144) (942) (150)
Net loss (163,904) (76,003) (288,532) (134,856)
Non-controlling interest 9,140 2,963 16,664 5,401
Net loss attributable to common stockholders $ (154,764) $ (73,040) $ (271,868) $ (129,455)
Net loss per share attributable to common stockholders - basic and diluted (US$ per share) $ (0.71) $ (0.43) $ (1.26) $ (0.86)
Weighted average number of common shares outstanding - basic and diluted (shares) 217,397 171,001 216,520 151,054