Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities      
Net loss $ (171,195,000) $ (318,891,000) $ (410,036,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Non-cash LNG inventory write-downs 0 17,537,000 24,461,000
Depreciation and amortization expense 155,621,000 65,704,000 58,601,000
Amortization of debt issuance costs, deferred commitment fees, premium and discount 29,774,000 12,174,000 14,264,000
Loss on early extinguishment of debt 71,824,000 96,273,000 114,335,000
Total (gains) losses on derivatives, net (47,882,000) 7,154,000 117,701,000
Net cash used for settlement of derivative instruments (8,301,000) (41,398,000) (21,581,000)
Other 772,000 85,000 15,000
Changes in operating assets and liabilities:      
Accounts and other receivables (90,122,000) 259,000 (293,000)
Accounts receivable—affiliate (98,032,000) 1,248,000 (503,000)
Advances to affiliate 442,000 (12,513,000) (12,586,000)
Inventory (58,030,000) (25,037,000) (19,008,000)
Accounts payable and accrued liabilities 166,710,000 (996,000) 3,949,000
Due to affiliates 11,288,000 14,882,000 (15,842,000)
Deferred revenue 41,961,000 (3,986,000) (3,938,000)
Other, net (6,324,000) (12,010,000) (4,236,000)
Other, net—affiliate 1,245,000 28,416,000 17,653,000
Net cash used in operating activities (249,000) (171,099,000) (137,044,000)
Cash flows from investing activities      
Property, plant and equipment, net (2,315,081,000) (2,912,080,000) (2,645,553,000)
Other (38,318,000) (62,448,000) (38,880,000)
Net cash used in investing activities (2,353,399,000) (2,974,528,000) (2,684,433,000)
Cash flows from financing activities      
Proceeds from issuances of debt 8,002,500,000 2,860,000,000 2,584,500,000
Repayments of debt (5,250,500,000) 0 (177,000,000)
Debt issuance and deferred financing costs (114,724,000) (169,924,000) (101,787,000)
Debt extinguishment costs (14,087,000) 0 0
Distributions to owners (99,025,000) (99,018,000) (98,979,000)
Net cash provided by financing activities 2,524,164,000 2,591,058,000 2,206,734,000
Net increase (decrease) in cash, cash equivalents and restricted cash 170,516,000 (554,569,000) (614,743,000)
Cash, cash equivalents and restricted cash—beginning of period 434,428,000 988,997,000 1,603,740,000
Cash, cash equivalents and restricted cash—end of period 604,944,000 434,428,000 988,997,000
Balances per Consolidated Balance Sheets:      
Cash and cash equivalents 0 146,221,000 248,830,000
Restricted cash 604,944,000 274,557,000 195,702,000
Non-current restricted cash 0 13,650,000 544,465,000
Total cash, cash equivalents and restricted cash $ 604,944,000 $ 434,428,000 $ 988,997,000