Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net income (loss) $ (31,019) $ 107,568 $ 186,912
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 42,943 42,299 32,742
Non-cash LNG inventory—-affiliate write-downs 10,600 0 0
Amortization of debt discount 4,695 4,695 4,695
Amortization of debt issuance costs 4,382 4,863 3,818
Non-cash derivative loss (195) 124 1,106
Changes in operating assets and liabilities:      
Accounts and interest receivable 853 (626) 1,526
Accounts receivable—affiliate 384 2,874 (3,167)
Accounts payable and accrued liabilities (1,173) 3,035 (11,517)
Accounts payable and accrued liabilities—affiliate (1,640) 2,566 2,685
Deferred revenue—affiliate 15 (62,833) 765
Deferred revenue (3,964) (3,864) 19,955
Advances to affiliate 2,851 1,815 (3,160)
LNG inventory—affiliate (14,969) 0 0
Other 486 1,621 (2,049)
Net cash provided by operating activities 14,249 104,137 234,311
Cash flows from investing activities      
Use of restricted cash and cash equivalents 0 0 189,665
LNG terminal construction-in-process (7,137) (4,955) (96,918)
Advances under long-term contracts (1,054) (121) (601)
Net cash used in investing activities (8,191) (5,076) 92,146
Cash flows from financing activities      
Distributions to unitholders (48,149) (163,249) (280,675)
Proceeds from sale of partnership units 70,157 0 0
Use of (investment in) restricted cash and cash equivalents 0 0 109,008
Special rights adjustment 0 0 (34,879)
Repayment of long-term note—affiliate 0 0 (2,467)
Borrowings under long-term note—affiliate 0 0 114
Debt issuance costs 0 0 (23)
Other 0 (5) 0
Net cash used in financing activities 22,008 (163,254) (208,922)
Net increase (decrease) in cash and cash equivalents 28,066 (64,193) 117,535
Cash and cash equivalents—beginning of period 53,349 117,542 7
Cash and cash equivalents—end of period $ 81,415 $ 53,349 $ 117,542