Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
LNG revenues $ 1,332 $ 399 $ 3,646 $ 512
Regasification revenues 65 64 195 194
Other revenues 5 2 12 5
Other—related party 1 0 2 0
Total revenues 1,403 465 3,855 711
Operating costs and expenses        
Cost of sales (excluding depreciation and amortization expense shown separately below) 824 253 2,140 353
Operating and maintenance expense 114 61 309 143
Development expense 3 2 7 5
Selling, general and administrative expense 64 59 179 197
Depreciation and amortization expense 92 49 252 106
Restructuring expense 0 26 6 49
Impairment Expense And Loss On Disposal Of Assets 9 0 15 10
Total operating costs and expenses 1,106 450 2,908 863
Income (loss) from operations 297 15 947 (152)
Other income (expense)        
Interest expense, net of capitalized interest (186) (148) (539) (330)
Loss on early extinguishment of debt (25) (26) (100) (83)
Derivative gain (loss), net (2) 30 (37) (242)
Other income (expense) 4 0 11 (6)
Total other expense (209) (144) (665) (661)
Income (loss) before income taxes and non-controlling interest 88 (129) 282 (813)
Income tax benefit (provision) 2 (2) 1 (2)
Net income (loss) 90 (131) 283 (815)
Less: net income (loss) attributable to non-controlling interest 379 (30) 803 (95)
Net loss attributable to common stockholders $ (289) $ (101) $ (520) $ (720)
Net loss per share attributable to common stockholders—basic and diluted $ (1.24) $ (0.44) $ (2.24) $ (3.15)
Weighted average number of common shares outstanding—basic and diluted 232.6 228.9 232.5 228.5