Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v2.4.0.8
Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table summarizes revenues (losses), loss from operations and total assets for each of our reporting segments (in thousands): 
 
Segments
 
LNG Terminal
 
LNG & Natural Gas Marketing
 
Corporate and Other (1)
 
Total
Consolidation
As of or for the Three Months Ended September 30, 2014
 
 
 
 
 
 
 
Revenues (losses) from external customers (2)
$
66,983

 
$
(500
)
 
$
324

 
$
66,807

Intersegment revenues (losses) (3) (4)
607

 
17,262

 
(17,869
)
 

Depreciation
14,817

 
103

 
1,269

 
16,189

Loss from operations
(28,676
)
 
(6,652
)
 
(26,030
)
 
(61,358
)
Interest expense, net
(46,996
)
 

 
112

 
(46,884
)
Loss before income taxes and non-controlling interest (5)
(64,886
)
 
(7,130
)
 
(30,813
)
 
(102,829
)
Stock-based compensation
3,278

 
8,281

 
13,096

 
24,655

Goodwill
76,819

 

 

 
76,819

Total assets
10,847,861

 
65,536

 
871,919

 
11,785,316

Expenditures for additions to long-lived assets
695,159

 
486

 
21,895

 
717,540

 
 
 
 
 
 
 
 
As of or for the Three Months Ended September 30, 2013
 
 
 
 
 
 
 
Revenues from external customers (2)
$
66,738

 
$
590


$
382

 
$
67,710

Intersegment revenues (losses) (3) (4)
820

 
15,880

 
(16,700
)
 

Depreciation
14,581

 
251

 
414

 
15,246

Income (loss) from operations
(49,600
)
 
2,919

 
805

 
(45,876
)
Interest expense, net
(55,378
)
 

 
2,850

 
(52,528
)
Income (loss) before income taxes and non-controlling interest (5)
(127,202
)
 
2,515

 
4,013

 
(120,674
)
Stock-based compensation
3,148

 
4,594

 
20,197

 
27,939

Goodwill
76,819

 

 

 
76,819

Total assets
7,719,551

 
63,756

 
342,546

 
8,125,853

Expenditures for additions to long-lived assets
852,847

 
61

 
389

 
853,297

 
 
 
 
 
 
 
 
For the Nine Months Ended September 30, 2014
 
 
 
 
 
 

Revenues from external customers (2)
$
200,243

 
$
482

 
$
1,277

 
$
202,002

Intersegment revenues (losses) (3) (4)
2,113

 
21,336

 
(23,449
)
 

Depreciation
44,033

 
364

 
4,565

 
48,962

Loss from operations
(56,799
)
 
(33,153
)
 
(81,153
)
 
(171,105
)
Interest expense, net
(131,264
)
 

 
321

 
(130,943
)
Loss before income taxes and non-controlling interest (5)
(376,363
)
 
(34,046
)
 
(95,299
)
 
(505,708
)
Stock-based compensation
9,840

 
17,212

 
63,920

 
90,972

Expenditures for additions to long-lived assets
2,164,596

 
1,271

 
54,120

 
2,219,987

 
 
 
 
 
 
 

For the Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
Revenues from external customers (2)
$
199,224

 
$
441

 
$
1,128

 
$
200,793

Intersegment revenues (losses) (3) (4)
2,184

 
27,186

 
(29,370
)
 

Depreciation
43,405

 
751

 
1,377

 
45,533

Loss from operations
(103,655
)
 
(39,543
)
 
(106,410
)
 
(249,608
)
Interest expense, net
(156,644
)
 

 
21,838

 
(134,806
)
Income (loss) before income taxes and non-controlling interest (5)
128,441

 
(40,092
)
 
(496,613
)
 
(408,264
)
Stock-based compensation
22,477

 
36,234

 
152,635

 
211,346

Expenditures for additions to long-lived assets
2,467,210

 
57

 
1,293

 
2,468,560

 
(1)
Includes corporate activities, oil and gas exploration, development and exploitation, strategic activities and certain intercompany eliminations. These 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 Gas & Power North America, Inc. and Chevron U.S.A. Inc. LNG and natural gas marketing and trading revenue consists primarily of the domestic marketing of natural gas imported into the Sabine Pass LNG terminal and international revenue allocations using a cost plus transfer pricing methodology.
(3)
Intersegment revenues primarily related to our LNG terminal segment are from tug revenues from Cheniere Marketing. These LNG terminal segment intersegment revenues are eliminated with intersegment losses in our Consolidated Statements of Operations.
(4)
Intersegment revenues (losses) related to our LNG and natural gas marketing segment are primarily a result of international revenue allocations using a cost plus transfer pricing methodology and from Cheniere Marketing’s tug costs. These LNG and natural gas marketing segment intersegment revenues (losses) are eliminated with intersegment revenues (losses) in our Consolidated Statements of Operations.
(5)
Items to reconcile loss from operations and loss before income taxes and non-controlling interest include consolidated other income (expense) amounts as presented on our Consolidated Statements of Operations primarily related to our LNG terminal segment.