Current report filing

Revenues from Contracts with Customers (Tables)

v3.8.0.1
Revenues from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2017
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table represents a disaggregation of revenue earned from contracts with customers during the years ended December 31, 2017, 2016 and 2015 (in millions):
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
LNG revenues
 
$
5,342

 
$
1,015

 
$
—

Regasification revenues
 
260

 
259

 
259

Other revenues (losses)
 
21

 
8

 
(2
)
Other—related party
 
3

 
—

 
—

Total revenues from customers
 
5,626

 
1,282

 
257

Revenues (losses) from derivative instruments
 
(25
)
 
1

 
14

Total revenues
 
$
5,601

 
$
1,283

 
$
271

Contract Balances Reconciliation
The following table reflects the changes in our contract liabilities, which we classify as “Deferred revenue” and “Noncurrent deferred revenue” on our Consolidated Balance Sheets (in millions):
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Deferred revenues, beginning of period
 
$
78

 
$
36

 
$
40

Cash received but not yet recognized
 
110

 
71

 
25

Revenue recognized from prior period deferral
 
(76
)
 
(29
)
 
(29
)
Deferred revenues, end of period
 
$
112

 
$
78

 
$
36

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 December 31, 2017:
 
 
Unsatisfied
Transaction Price
(in billions)
 
Weighted Average Recognition Timing (years) (1)
LNG revenues
 
$
83.7

 
10.8
Regasification revenues
 
2.9

 
5.7
Total revenues
 
$
86.6

 
 

 
    
(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.