Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (262,851) $ (339,197)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash LNG inventory write-downs 17,826 23,505
Depreciation expense 47,557 43,821
Amortization of debt issuance costs and discount (premium) 9,282 10,971
Loss on early extinguishment of debt 96,273 114,335
Total losses on derivatives, net 13,040 89,286
Net cash used for settlement of derivative instruments (40,796) (19,834)
Other 92 (6)
Changes in restricted cash for certain operating activities 167,083 59,942
Changes in operating assets and liabilities:    
Accounts and interest receivable 238 (19,653)
Accounts receivable—affiliate (48) 810
Advances to affiliate (27,672) 656
LNG inventory (20,678) (26,315)
Accounts payable and accrued liabilities (1,178) 46,693
Due to affiliates (8,154) (813)
Deferred revenue (3,003) (2,955)
Other, net (10,156) (3,721)
Other, net—affiliate 22,198 (147)
Net cash used in operating activities (947) (22,622)
Cash flows from investing activities    
Property, plant and equipment, net (2,130,959) (1,968,249)
Use of restricted cash for the acquisition of property, plant and equipment 2,178,481 1,978,891
Other (50,711) (12,188)
Net cash used in investing activities (3,189) (1,546)
Cash flows from financing activities    
Proceeds from issuances of long-term debt 2,250,000 2,584,500
Repayments of long-term debt 0 (177,000)
Debt issuance and deferred financing costs (177,001) (94,270)
Investment in restricted cash (2,072,999) (2,312,160)
Distributions to owners (74,261) (74,236)
Other 0 (1,050)
Net cash used in financing activities (74,261) (74,216)
Net decrease in cash and cash equivalents (78,397) (98,384)
Cash and cash equivalents—beginning of period 248,830 351,032
Cash and cash equivalents—end of period $ 170,433 $ 252,648