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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
LNG terminal revenues $ 66,735 $ 65,939 $ 199,222 $ 199,269
Marketing and trading revenues 590 (292) 441 (1,641)
Other 385 351 1,130 1,171
Total revenues 67,710 65,998 200,793 198,799
Operating costs and expenses        
LNG terminal operating expense 30,098 14,056 76,425 36,606
LNG terminal development expense 11,046 11,721 50,214 54,629
Depreciation, depletion and amortization 15,246 15,233 45,533 47,001
General and administrative expense 57,096 79,427 277,971 120,236
Other 100 78 258 244
Total operating costs and expenses 113,586 120,515 450,401 258,716
Loss from operations (45,876) (54,517) (249,608) (59,917)
Other income (expense)        
Interest expense, net (52,528) (45,504) (134,806) (159,719)
Loss on early extinguishment of debt 0 0 80,510 15,098
Derivative gain (loss), net (22,335) 287 55,706 (288)
Other income (expense) 65 (12,081) 954 (11,500)
Total other expense (74,798) (57,298) (158,656) (186,605)
Loss before income taxes and non-controlling interest (120,674) (111,815) (408,264) (246,522)
Income tax provision (1,809) (61) (2,751) (211)
Net loss (122,483) (111,876) (411,015) (246,733)
Non-controlling interest 21,659 2,875 38,323 8,277
Net loss attributable to common stockholders $ (100,824) $ (109,001) $ (372,692) $ (238,456)
Net loss per share attributable to common stockholders - basic and diluted $ (0.46) $ (0.52) $ (1.71) $ (1.40)
Weighted average number of common shares outstanding - basic and diluted 220,734 208,712 217,940 170,414