Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Payments to Acquire Property, Plant, and Equipment $ 3,120,643 $ 1,118,787 $ 7,394
Increase (Decrease) in Restricted Cash (3,119,632) (1,114,742) 0
Payments to Acquire Businesses, Gross 313,892 0 0
Cash flows from operating activities      
Net loss (258,117) (175,431) (53,560)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 57,486 57,498 57,883
Use of restricted cash and cash equivalents for certain operating activities 213,893 78,714 0
Release of (investment in) restricted cash and cash equivalents for certain operating activities (42,548) (3,654) 0
Non-cash LNG inventory write-downs 26,900 9,393 392
Non-cash LNG inventory—affiliate write-downs 0 11,025 10,600
Amortization of debt discount 7,620 4,695 4,695
Amortization of debt issuance costs 7,328 4,362 4,382
Non-cash derivative gain, net (83,717) (619) (195)
Loss on early extinguishment of debt 131,576 1,470 0
Other 0 3,496 0
Changes in operating assets and liabilities:      
Accounts receivable—affiliate (1,083) (1,690) 337
Accounts payable and accrued liabilities (2,384) 2,214 (1,148)
Due to affiliates 26,091 2,425 (1,789)
Deferred revenue (3,947) (4,089) (3,964)
Advances to affiliate (9,281) (4,764) 2,851
LNG Inventory (30,863) (11,545) 347
LNG inventory—affiliate 0 (11,076) (14,969)
Other (7,668) (165) 978
Other-Affiliate 4,378 0 0
Net cash provided by (used in) operating activities 35,664 (37,741) 6,840
Cash flows from investing activities      
Other (13,897) (740) (1,054)
Net cash used in investing activities (328,800) (4,785) (8,448)
Cash flows from financing activities      
Proceeds from issuance of long term debt, net of debt issuance costs 4,504,478 520,000 0
Repurchases and prepayments of Long-term Debt (100,000) (550,000)  
Proceeds from sale of partnership common and general partner units, net 375,897 250,022 70,157
Proceeds from sale of Class B units, net 0 1,887,342 0
Contributions to Creole Trail Pipeline Business from Cheniere, net 20,896 11,857 7,666
Investment in restricted cash and cash equivalents (4,173,959) (1,458,619) 0
Debt issuance and deferred financing costs (311,050) (222,378) 0
Distributions to owners (91,386) (57,821) (48,149)
Net cash provided by (used in) financing activities 224,876 380,403 29,674
Net increase (decrease) in cash and cash equivalents (68,260) 337,877 28,066
Cash and cash equivalents—beginning of period 419,292 81,415 53,349
Cash and cash equivalents—end of period $ 351,032 $ 419,292 $ 81,415