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, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income (loss) $ (19,332) $ (2,209)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 10,629 10,737
Non-cash derivative loss 527 0
Amortization of debt issuance costs 1,092 1,080
Amortization of debt discount 1,174 1,174
Investment in restricted cash and cash equivalents (41,197) (41,197)
Changes in operating assets and liabilities:    
Accounts and interest receivable 504 944
Accounts receivable—affiliate (2,350) (2,850)
Accounts payable and accrued liabilities 45,966 42,367
Accounts payable and accrued liabilities—affiliate 171 (1,902)
Advances to affiliate (5,330) 2,169
Deferred revenue (1,104) (890)
Deferred revenue—affiliate 0 266
LNG inventory—affiliate 2,652 0
Other (3,289) (4,642)
Net cash provided by operating activities (9,887) 5,047
Cash flows from investing activities    
LNG terminal construction-in-process, net (414) (1,521)
Advances under long-term contracts (1,128) (83)
Net cash used in investing activities (1,542) (1,604)
Cash flows from financing activities    
Distributions to unitholders (13,445) (11,458)
Proceeds from sale of common units 2,903 1,515
Other 0 43
Net cash used in financing activities (10,542) (9,900)
Net increase (decrease) in cash and cash equivalents (21,971) (6,457)
Cash and cash equivalents—beginning of period 81,415 53,349
Cash and cash equivalents—end of period $ 59,444 $ 46,892