Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.19.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 2,261 $ 2,242
Revenues from contracts with customers 2,149 2,238
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 1,204 1,178
Cost of sales—related party 10 0
Operating and maintenance expense 221 140
Development expense 1 1
Selling, general and administrative expense 73 67
Depreciation and amortization expense 144 109
Impairment expense and loss on disposal of assets 2 0
Total operating costs and expenses 1,655 1,495
Income from operations 606 747
Other income (expense)    
Interest expense, net of capitalized interest (247) (216)
Derivative gain (loss), net (35) 77
Other income 16 7
Total other expense (266) (132)
Income before income taxes and non-controlling interest 340 615
Income tax provision (3) (15)
Net income 337 600
Less: net income attributable to non-controlling interest 196 243
Net income attributable to common stockholders $ 141 $ 357
Net income per share attributable to common stockholders—basic $ 0.55 $ 1.52
Net income per share attributable to common stockholders—diluted (1) [1] $ 0.54 $ 1.50
Weighted average number of common shares outstanding—basic 257.1 235.5
Weighted average number of common shares outstanding—diluted 258.5 238.0
LNG [Member]    
Revenues    
Revenues $ 2,143 $ 2,166
Revenues from contracts with customers 2,068 2,162
Regasification [Member]    
Revenues    
Revenues from contracts with customers 66 65
Other [Member]    
Revenues    
Revenues 48 10
Revenues from contracts with customers 11 10
Other, Related Party [Member]    
Revenues    
Revenues from contracts with customers $ 4 $ 1
[1] Earnings per share in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.