Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
LNG revenues $ 1,442 $ 1,171 $ 3,608 $ 2,314
Regasification revenues 65 65 130 130
Other revenues 33 4 43 7
Other—related party 3 1 4 1
Total revenues 1,543 1,241 3,785 2,452
Operating costs and expenses        
Cost of sales (excluding depreciation and amortization expense shown separately below) 873 692 2,051 1,316
Operating and maintenance expense 147 117 287 195
Development expense 3 1 4 4
Selling, general and administrative expense 73 61 140 115
Depreciation and amortization expense 111 90 220 160
Restructuring expense 0 0 0 6
Impairment expense and loss on disposal of assets 0 6 0 6
Total operating costs and expenses 1,207 967 2,702 1,802
Income from operations 336 274 1,083 650
Other income (expense)        
Interest expense, net of capitalized interest (216) (188) (432) (353)
Loss on modification or extinguishment of debt (15) (33) (15) (75)
Derivative gain (loss), net 32 (36) 109 (35)
Other income 10 5 17 7
Total other expense (189) (252) (321) (456)
Income before income taxes and non-controlling interest 147 22 762 194
Income tax benefit (provision) 3 (1) (12) (1)
Net income 150 21 750 193
Less: net income attributable to non-controlling interest 168 306 411 424
Net income (loss) attributable to common stockholders $ (18) $ (285) $ 339 $ (231)
Net income (loss) per share attributable to common stockholders—basic $ (0.07) $ (1.23) $ 1.42 $ (0.99)
Net income (loss) per share attributable to common stockholders—diluted $ (0.07) $ (1.23) $ 1.40 $ (0.99)
Weighted average number of common shares outstanding—basic 242.8 232.5 239.2 232.4
Weighted average number of common shares outstanding—diluted 242.8 232.5 241.7 232.4