Annual report pursuant to Section 13 and 15(d)

Segment Information and Customer Concentration

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Segment Information and Customer Concentration
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information and Customer Concentration SEGMENT INFORMATION AND CUSTOMER CONCENTRATION
  
We have determined that we operate as a single operating and reportable segment. Our executive team is organized by function, rather than legal entity or discrete financial data oversight, with no business component managers reporting to the chief operating decision maker (“CODM”), who is our president and chief executive officer. The CODM regularly analyzes financial and operational data on a single basis of segmentation at the consolidated level, consistent with our integrated service offering, in order to allocate resources and assess performance.

The measure of profit and loss regularly provided to the CODM that is most consistent with GAAP is net income attributable to Cheniere, as presented in our Consolidated Statements of Operations. This measure contributes to the CODM’s assessment of performance and resource allocation, which includes monitoring of budget versus actual results, establishing compensation and deciding on capital allocation priorities. Significant expenses regularly provided to the CODM, and included in the measure of profit and loss, are the following consolidated expenses as reported in our Consolidated Statements of Operations: (1) cost of sales, (2) operating and maintenance expense and (3) selling, general and administrative expense. Included in the measure of profit and loss is a significant noncash item of changes in the fair value of our derivative instruments, which was $1.3 billion in gains, $8.0 billion in gains and $5.7 billion in losses for the years ended December 31, 2024, 2023 and 2022, respectively. Interest income was $188 million, $206 million and $48 million for the years ended December 31, 2024, 2023 and 2022, respectively, which is included in interest and dividend income on our Consolidated Statements of Operations.

The measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Substantially all of our tangible long-lived assets, which consist of property, plant and equipment, are located in the United States. Total expenditures for additions to long-lived assets is reported on our Consolidated Statements of Cash Flows.

For the years ended December 31, 2024, 2023 and 2022, we had no customers with revenues in excess of 10% of total revenues. We had one customer with balance of trade and other receivables and contract assets, both net of current expected credit losses, representing 20% and 13% of total trade and other receivables and contract assets, both net of current expected credit losses, as of December 31, 2024 and 2023, respectively.
The following table shows revenues from external customers attributable to the country in which the revenues were derived (in millions). We attribute revenues from external customers to the country in which the party to the applicable agreement has its principal place of business.
Revenues from External Customers
Year Ended December 31,
2024 2023 2022
United States $ 2,472  $ 2,868  $ 5,213 
Singapore 1,991  3,407  3,273 
Ireland 1,431  1,596  2,726 
United Kingdom 1,317  2,908  4,642 
South Korea 1,178  1,503  2,225 
Spain 1,175  1,357  2,226 
India 1,015  1,166  2,109 
Switzerland 874  534  1,725 
China 854  667  552 
Taiwan 720  828  1,223 
Other countries 2,676  3,560  7,514 
Total $ 15,703  $ 20,394  $ 33,428