Cheniere Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenues from Contracts with Customers (Tables)

Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

The following table represents a disaggregation of revenue earned from contracts with customers during the three months ended March 31, 2019 and 2018 (in millions):



	Three Months Ended March 31,
	2019		2018
LNG revenues	$	2,068	$	2,162
Regasification revenues	66		65
Other revenues	11		10
Other—related party	4		1
Total revenues from customers	2,149		2,238
Derivative gains and other revenues (1)	112		4
Total revenues	$	2,261	$	2,242

(1)

Includes $75 million and $4 million in net derivative gains for the three months ended March 31, 2019 and 2018, respectively, and $37 million in revenues from LNG vessel subcharters for the three months ended March 31, 2019. See Note 6—Derivative Instruments for additional information about our derivatives and Note 11—Leases for additional information about our subleases.

Contract Assets

The following table shows our contract assets, which we classify as other non-current assets, net on our Consolidated Balance Sheets (in millions):



	March 31,		December 31,
	2019		2018
Contract assets	$	5	$	—

Contract Liabilities

The following table reflects the changes in our contract liabilities, which we classify as deferred revenue on our Consolidated Balance Sheets (in millions):



	Three Months Ended March 31, 2019
Deferred revenues, beginning of period	$	139
Cash received but not yet recognized	108
Revenue recognized from prior period deferral	(139		)
Deferred revenues, end of period	$	108

Transaction Price Allocated to Future Performance Obligations

The following table discloses the aggregate amount of the transaction price that is allocated to performance obligations that have not yet been satisfied as of March 31, 2019 and December 31, 2018:



	March 31, 2019			December 31, 2018
	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)
LNG revenues	$	106.2	11	$	106.6	11
Regasification revenues	2.6		6	2.6		6
Total revenues	$	108.8		$	109.2

(1)

The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.