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
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net loss $ (98,743) [1] $ (55,448) [1]
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 28,658 28,645
Use of restricted cash and cash equivalents 35,070 0
Amortization of debt discount 2,799 2,347
Amortization of debt issuance costs 2,120 2,185
Non-cash derivative (gain) loss, net (77,989) 821
Loss on early extinguishment of debt (80,510) 0
Changes in operating assets and liabilities:    
Accounts and interest receivable (23,879) 499
Accounts receivable—affiliate (1,409) (629)
Accounts payable and accrued liabilities 2,523 7,679
Accounts payable and accrued liabilities—affiliate 31,197 3,668
Deferred revenue (1,955) (3,481)
Advances to affiliate (3,027) (1,508)
LNG inventory—affiliate 3,837 3,399
Other (4,397) (5,691)
Net cash used in operating activities (24,685) (17,514)
Cash flows from investing activities    
Use of restricted cash and cash equivalents 1,266,347 0
LNG terminal costs, net (1,271,830) (39,161)
Purchase of Creole Trail Pipeline Business, net (313,892) 0
Other (2,990) (4,714)
Net cash used in investing activities (322,365) (43,875)
Cash flows from financing activities    
Proceeds from Sabine Pass Liquefaction Senior Notes, net 3,012,500 0
Proceeds from CTPL Credit Facility, net 391,978 0
Proceeds from 2013 Liquefaction Credit Facility 100,000 0
Proceeds from sale of partnership common and general partner units, net 375,917 12,379
Proceeds from sale Of Class B Units 0 166,667
Proceeds from Contributions from Parent 20,705 4,449
Investment in restricted cash and cash equivalents (3,247,277) 0
Debt issuance and deferred financing costs (228,882) (5,530)
Repayment of 2012 Liquefaction Credit Facility (100,000) 0
Distributions to owners (41,879) (27,040)
Net cash provided by financing activities 283,062 150,925
Net increase (decrease) in cash and cash equivalents (63,988) 89,536
Cash and cash equivalents—beginning of period 419,292 81,415
Cash and cash equivalents—end of period $ 355,304 $ 170,951
[1] Retrospectively adjusted as discussed in Note 2.