Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net loss $ (74,906) $ (178,676)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Non-cash LNG inventory write-downs 216 17,502
Depreciation and amortization expense 19,388 14,879
Amortization of debt issuance costs and discount 3,617 2,504
Loss on early extinguishment of debt 1,457 88,992
Total losses on derivatives, net 24,200 36,384
Net cash used for settlement of derivative instruments (2,838) (37,015)
Changes in restricted cash for certain operating activities 13,659 6,244
Changes in operating assets and liabilities:    
Accounts and interest receivable (26) (25,928)
Accounts receivable—affiliate 904 (1,544)
Advances to affiliate (1,237) 5,519
Inventory (290) (29,676)
Accounts payable and accrued liabilities 34,184 47,945
Due to affiliates (7,669) (3,971)
Deferred revenue (1,000) (1,003)
Other, net (2,225) (5,542)
Other, net—affiliate (373) 10,962
Net cash provided by (used in) operating activities 7,061 (52,424)
Cash flows from investing activities    
Property, plant and equipment, net (714,616) (542,114)
Use of restricted cash for the acquisition of property, plant and equipment 744,098 572,434
Other (34,369) (30,508)
Other—affiliate 0 0
Net cash used in investing activities (4,887) (188)
Cash flows from financing activities    
Proceeds from issuances of debt 1,235,000 2,000,000
Repayments of debt (415,000) 0
Debt issuance and deferred financing costs (48,652) (50,662)
Investment in restricted cash (885,172) (1,949,338)
Distributions to owners (24,756) (24,754)
Net cash used in financing activities (138,580) (24,754)
Net decrease in cash and cash equivalents (136,406) (77,366)
Cash and cash equivalents—beginning of period 146,221 248,830
Cash and cash equivalents—end of period $ 9,815 $ 171,464