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
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net loss $ (42,487) $ (19,332)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 10,650 10,629
Investment in restricted cash and cash equivalents (27,542) (41,197)
Amortization of debt discount 1,174 1,174
Amortization of debt issuance costs 1,036 1,092
Non-cash derivative loss 18,118 527
Other 3,064 0
Changes in operating assets and liabilities:    
Accounts and interest receivable (126) 504
Accounts receivable—affiliate 909 (2,350)
Accounts payable and accrued liabilities 41,494 45,966
Accounts payable and accrued liabilities—affiliate 6,882 171
Deferred revenue—affiliate (695) 0
Deferred revenue (2,210) (1,104)
Advances to affiliate (4,552) (5,330)
LNG inventory—affiliate 1,972 2,652
Other 29 (3,289)
Net cash provided by (used in) operating activities 7,716 (9,887)
Cash flows from investing activities    
Use of restricted cash and cash equivalents 463,476 0
LNG terminal costs, net (462,731) (414)
Other (790) (1,128)
Net cash used in investing activities (45) (1,542)
Cash flows from financing activities    
Proceeds from 2021 Sabine Pass Liquefaction Notes 1,500,000 0
Proceeds from sale of partnership units 372,449 2,903
Investment in restricted cash and cash equivalents (1,790,446) 0
Debt issuance costs (34,986) 0
Distributions to owners (17,125) (13,445)
Other (3) 0
Net cash provided by (used in) financing activities 29,889 (10,542)
Net increase (decrease) in cash and cash equivalents 37,560 (21,971)
Cash and cash equivalents—beginning of period 419,292 81,415
Cash and cash equivalents—end of period $ 456,852