Current report filing

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
LNG revenues $ 5,317 $ 1,016 $ 0
Regasification revenues 260 259 259
Other revenues 21 8 12
Other—related party 3 0 0
Total revenues 5,601 1,283 271
Operating costs and expenses      
Cost (cost recovery) of sales (excluding depreciation and amortization expense shown separately below) 3,120 582 (15)
Operating and maintenance expense 446 216 95
Development expense 10 7 42
Selling, general and administrative expense 256 260 363
Depreciation and amortization expense 356 174 83
Restructuring expense 6 61 61
Impairment expense and loss on disposal of assets 19 13 91
Total operating costs and expenses 4,213 1,313 720
Income (loss) from operations 1,388 (30) (449)
Other income (expense)      
Interest expense, net of capitalized interest (747) (488) (322)
Loss on early extinguishment of debt (100) (135) (124)
Derivative gain (loss), net 7 (10) (204)
Other income 18 0 2
Total other expense (822) (633) (648)
Income (loss) before income taxes and non-controlling interest 566 (663) (1,097)
Income tax provision (3) (2) 0
Net income (loss) 563 (665) (1,097)
Less: net income (loss) attributable to non-controlling interest 956 (55) (122)
Net loss attributable to common stockholders $ (393) $ (610) $ (975)
Net loss per share attributable to common stockholders—basic and diluted [1] $ (1.68) $ (2.67) $ (4.30)
Weighted average number of common shares outstanding—basic and diluted 233.1 228.8 226.9
[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.