Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 170,951 $ 81,415
Restricted cash and cash equivalents 13,732 13,732
Accounts and interest receivable 26 525
Accounts receivable—affiliate 927 328
Advances to affiliate 2,200 692
LNG inventory 621 473
LNG inventory—affiliate 1,187 4,369
Prepaid expenses and other 9,275 7,976
Total current assets 198,919 109,510
Non-current restricted cash and cash equivalents 82,394 82,394
Property, plant and equipment, net 1,540,874 1,514,416
Debt issuance costs, net 15,437 17,622
Other 35,376 13,358
Total assets 1,873,000 1,737,300
Current liabilities    
Accounts payable 9,883 704
Accounts payable—affiliate 0 530
Accrued liabilities 37,565 16,751
Accrued liabilities—affiliate 7,963 3,794
Deferred revenue 25,148 26,629
Deferred revenue—affiliate 688 688
Other 664 2,722
Total current liabilities 81,911 51,818
Long-term debt, net of discount 2,194,765 2,192,418
Deferred revenue 23,500 25,500
Deferred revenue—affiliate 14,720 12,266
Other non-current liabilities 310 317
Commitments and contingencies      
Partners' capital (deficit)    
General partner interest (2% interest with 3,630,267 units and 3,395,653 units issued and outstanding at June 30, 2012 and December 31, 2011, respectively) (10,890) (13,048)
Total partners' deficit (442,206) (545,019)
Total liabilities and partners' deficit 1,873,000 1,737,300
Common Units
    
Partners' capital (deficit)    
Common unitholders (31,388,124 units and 31,003,154 units issued and outstanding at June 30, 2012 and December 31, 2011, respectively) (48,094) (52,774)
Capital Unit, Class B
    
Partners' capital (deficit)    
Class B unitholders (11,111,111 units and zero units issued and outstanding as of June 30, 2012 and December 31, 2011, respectively) (263) 0
Subordinated Units
    
Partners' capital (deficit)    
Subordinated unitholders (135,383,831 units issued and outstanding at June 30, 2012 and December 31, 2011) $ (382,959) $ (479,197)