Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
LNG revenues $ 1,143 $ 3
Regasification revenues 68 65
Other revenues 0 1
Total revenues 1,211 69
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 624 15
Operating and maintenance expense 78 36
Development expense 3 2
Selling, general and administrative expense 54 66
Depreciation and amortization expense 70 24
Restructuring expense 6 7
Impairment expense 0 10
Total operating costs and expenses 835 160
Income (loss) from operations 376 (91)
Other income (expense)    
Interest expense, net of capitalized interest (165) (76)
Loss on early extinguishment of debt (42) (1)
Derivative gain (loss), net 1 (181)
Other income 2 1
Total other expense (204) (257)
Income (loss) before income taxes and non-controlling interest 172 (348)
Income tax provision 0 (1)
Net income (loss) 172 (349)
Less: net income (loss) attributable to non-controlling interest 118 (28)
Net income (loss) attributable to common stockholders $ 54 $ (321)
Net income (loss) per share attributable to common stockholders—basic and diluted $ 0.23 $ (1.41)
Weighted average number of common shares outstanding—basic 232.4 228.1
Weighted average number of common shares outstanding—diluted 232.7 228.1