Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 33,428 $ 15,864 $ 9,358
Revenues from contracts with customers 33,307 17,531 9,293
Operating costs and expenses      
Cost of sales (excluding items shown separately below) 25,632 13,773 4,161
Operating and maintenance expense 1,681 1,444 1,320
Selling, general and administrative expense 416 325 302
Depreciation and amortization expense 1,119 1,011 932
Development expense 16 7 6
Other 5 5 6
Total operating costs and expenses 28,869 16,565 6,727
Income (loss) from operations 4,559 (701) 2,631
Other income (expense)      
Interest expense, net of capitalized interest (1,406) (1,438) (1,525)
Loss on modification or extinguishment of debt (66) (116) (217)
Interest rate derivative gain (loss), net 2 (1) (233)
Other income (expense), net 5 (22) (112)
Total other expense (1,465) (1,577) (2,087)
Income (loss) before income taxes and non-controlling interest 3,094 (2,278) 544
Less: income tax provision (benefit) 459 (713) 43
Net income (loss) 2,635 (1,565) 501
Net Income Attributable to Noncontrolling Interest 1,207 778 586
Net income (loss) attributable to common stockholders $ 1,428 $ (2,343) $ (85)
Net income (loss) per share attributable to common stockholders—basic $ 5.69 $ (9.25) $ (0.34)
Net income (loss) per share attributable to common stockholders—diluted $ 5.64 $ (9.25) $ (0.34)
Weighted average number of common shares outstanding—basic 251.1 253.4 252.4
Weighted average number of common shares outstanding—diluted 253.4 253.4 252.4
LNG [Member]      
Revenues      
Revenues $ 31,804 $ 15,395 $ 8,924
Revenues from contracts with customers [1] 32,132 17,171 8,954
Regasification [Member]      
Revenues      
Revenues from contracts with customers 1,068 269 269
Other [Member]      
Revenues      
Revenues 556 200 165
Revenues from contracts with customers $ 107 $ 91 $ 70
[1] LNG revenues include revenues for LNG cargoes in which our customers exercised their contractual right to not take delivery but remained obligated to pay fixed fees irrespective of such election. During the year ended December 31, 2020, we recognized $969 million in LNG revenues associated with LNG cargoes for which customers notified us that they would not take delivery, of which $38 million would have been recognized during the year ended December 31, 2021 had the cargoes been lifted pursuant to the delivery schedules with the customers. We did not have revenues associated with LNG cargoes for which customers notified us that they would not take delivery during the years ended December 31, 2022 and 2021. Revenue is generally recognized upon receipt of irrevocable notice that a customer will not take delivery because our customers have no contractual right to take delivery of such LNG cargo in future periods and our performance obligations with respect to such LNG cargo have been satisfied.