Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Revenues $ 9,730 $ 7,987 $ 5,601
Revenues from contracts with customers 9,157 7,896 5,645
Operating costs and expenses      
Cost of sales (excluding depreciation and amortization expense shown separately below) 5,079 4,597 3,120
Operating and maintenance expense 1,154 613 446
Development expense 9 7 10
Selling, general and administrative expense 310 289 256
Depreciation and amortization expense 794 449 356
Restructuring expense 0 0 6
Impairment expense and loss on disposal of assets 23 8 19
Total operating costs and expenses 7,369 5,963 4,213
Income from operations 2,361 2,024 1,388
Other income (expense)      
Interest expense, net of capitalized interest (1,432) (875) (747)
Loss on modification or extinguishment of debt (55) (27) (100)
Derivative gain (loss), net (134) 57 7
Other income (expense) (25) 48 18
Total other expense (1,646) (797) (822)
Income before income taxes and non-controlling interest 715 1,227 566
Income tax benefit (provision) 517 (27) (3)
Net income 1,232 1,200 563
Less: net income attributable to non-controlling interest 584 729 956
Net income (loss) attributable to common stockholders $ 648 $ 471 $ (393)
Net income (loss) per share attributable to common stockholders—basic [1] $ 2.53 $ 1.92 $ (1.68)
Net income (loss) per share attributable to common stockholders—diluted [1] $ 2.51 $ 1.90 $ (1.68)
Weighted average number of common shares outstanding—basic 256.2 245.6 233.1
Weighted average number of common shares outstanding—diluted 258.1 248.0 233.1
LNG [Member]      
Revenues      
Revenues $ 9,246 $ 7,572 $ 5,317
Revenues from contracts with customers 8,817 7,581 5,361
Regasification [Member]      
Revenues      
Revenues from contracts with customers 266 261 260
Other [Member]      
Revenues      
Revenues 218 154 24
Revenues from contracts with customers $ 74 $ 54 $ 24
[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.