Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net loss $ (318,891) $ (410,036) $ (258,117)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Non-cash LNG inventory write-downs 17,537 24,461 26,900
Depreciation and amortization expense 65,704 58,601 57,486
Amortization of debt issuance costs and discount 12,174 14,264 14,948
Loss on early extinguishment of debt 96,273 114,335 131,576
Total losses on derivatives, net 7,154 117,701 (84,296)
Net cash used for settlement of derivative instruments (41,398) (21,581) 579
Other 85 15 0
Changes in restricted cash for certain operating activities 176,847 148,972 171,345
Changes in operating assets and liabilities:      
Accounts and interest receivable 259 (293) 4
Accounts receivable—affiliate 1,248 (503) (1,083)
Advances to affiliate (12,513) (12,586) (9,281)
Inventory (25,037) (19,008) (30,903)
Accounts payable and accrued liabilities (996) 3,949 (2,384)
Due to affiliates 14,882 (15,842) 26,091
Deferred revenue (3,986) (3,938) (3,947)
Other, net (12,010) (4,236) (7,632)
Other, net—affiliate 28,416 17,653 4,378
Net cash provided by operating activities 5,748 11,928 35,664
Cash flows from investing activities      
Property, plant and equipment, net (2,912,080) (2,645,553) (3,120,643)
Use of restricted cash for the acquisition of property, plant and equipment 2,965,477 2,669,332 3,119,632
Purchase of Creole Trail Pipeline Business, net 0 0 (313,892)
Other (62,448) (38,880) (13,897)
Net cash provided by (used in) investing activities (9,051) (15,101) (328,800)
Cash flows from financing activities      
Proceeds from issuances of debt 2,860,000 2,584,500 4,504,478
Repayments of debt 0 (177,000) (100,000)
Debt issuance and deferred financing costs (169,924) (103,787) (311,050)
Investment in restricted cash (2,690,364) (2,303,763) (4,173,959)
Proceeds from sale of partnership common and general partner units 0 0 375,897
Contributions to Creole Trail Pipeline Business from Cheniere, net 0 0 20,896
Distributions to owners (99,018) (98,979) (91,386)
Net cash provided by (used in) financing activities (99,306) (99,029) 224,876
Net decrease in cash and cash equivalents (102,609) (102,202) (68,260)
Cash and cash equivalents—beginning of period 248,830 351,032 419,292
Cash and cash equivalents—end of period $ 146,221 $ 248,830 $ 351,032