Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
LNG revenues $ 2,166 $ 1,143
Regasification revenues 65 65
Other revenues 10 3
Other—related party 1 0
Total revenues 2,242 1,211
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 1,178 624
Operating and maintenance expense 140 78
Development expense 1 3
Selling, general and administrative expense 67 54
Depreciation and amortization expense 109 70
Restructuring expense 0 6
Total operating costs and expenses 1,495 835
Income from operations 747 376
Other income (expense)    
Interest expense, net of capitalized interest (216) (165)
Loss on early extinguishment of debt 0 (42)
Derivative gain, net 77 1
Other income 7 2
Total other expense (132) (204)
Income before income taxes and non-controlling interest 615 172
Income tax provision (15) 0
Net income 600 172
Less: net income attributable to non-controlling interest 243 118
Net income attributable to common stockholders $ 357 $ 54
Net income per share attributable to common stockholders—basic $ 1.52 $ 0.23
Net income per share attributable to common stockholders—diluted $ 1.50 $ 0.23
Weighted average number of common shares outstanding—basic 235.5 232.4
Weighted average number of common shares outstanding—diluted 238.0 232.7