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
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities    
Net income (loss) $ (23,557) $ 110,219
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 32,245 31,661
Non-cash derivative loss 301 124
Amortization of debt issuance costs 3,278 3,759
Amortization of debt discount 3,520 3,521
Investment in restricted cash and cash equivalents (41,197) (41,197)
Changes in operating assets and liabilities:    
Accounts and interest receivable (85) 369
Accounts receivable—affiliate (185) 3,586
Accounts payable and accrued liabilities 40,416 43,663
Accounts payable and accrued liabilities—affiliate 3,762 1,548
Advances to affiliate 3,135 2,900
Deferred revenue (3,135) (3,116)
Deferred revenue—affiliate 0 (62,833)
LNG inventory—affiliate (3,230) 0
Other (2,634) 751
Net cash provided by operating activities 12,634 94,955
Cash flows from investing activities    
LNG terminal construction-in-process, net (6,419) (3,636)
Advances under long-term contracts (722) (36)
Net cash used in investing activities (7,141) (3,672)
Cash flows from financing activities    
Distributions to unitholders (34,704) (151,793)
Proceeds from sale of common units 70,360 0
Other 0 (4)
Net cash used in financing activities 35,656 (151,797)
Net increase (decrease) in cash and cash equivalents 41,149 (60,514)
Cash and cash equivalents—beginning of period 53,349 117,542
Cash and cash equivalents—end of period $ 94,498 $ 57,028