Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net loss $ (86,615) $ (23,557)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 31,897 32,245
Non-cash derivative loss 300 301
Amortization of debt issuance costs 8,373 3,278
Amortization of debt discount 3,521 3,520
Investment in restricted cash and cash equivalents for future interest payments (41,197) (41,197)
Use of restricted cash and cash equivalents 36,676 0
Other 3,209 0
Changes in operating assets and liabilities:    
Accounts and interest receivable (24,619) (85)
Accounts receivable—affiliate (963) (185)
Accounts payable and accrued liabilities 40,888 40,416
Accounts payable and accrued liabilities—affiliate 29,162 3,762
Advances to affiliate (3,627) 3,135
Deferred revenue (3,104) (3,135)
LNG inventories (282) 0
LNG inventory—affiliate 3,613 (3,230)
Other (3,686) (2,634)
Net cash provided by (used in) operating activities (6,454) 12,634
Cash flows from investing activities    
LNG terminal construction-in-process, net (876,531) (6,419)
Use of restrictedcash and cash equivalents 887,902 0
Advances under long-term contracts and other (16,331) (722)
Net cash used in investing activities (4,960) (7,141)
Cash flows from financing activities    
Proceeds from sale of Class B units 1,387,560 0
Proceeds from Liquefaction Credit Facility 100,000 0
Investment in restricted cash and cash equivalents (1,177,753) 0
Distributions to unitholders (40,696) (34,704)
Proceeds from sale of partnership units 240,114 70,360
Debt issuance costs (210,126) 0
Net cash provided by (used in) financing activities 299,099 35,656
Net decrease in cash and cash equivalents 287,685 41,149
Cash and cash equivalents—beginning of period 81,415 53,349
Cash and cash equivalents—end of period $ 369,100