Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 2,487 [1] $ 1,404
Restricted cash and cash equivalents 419 [1] 413
Trade and other receivables, net of current expected credit losses 1,461 1,506
Inventory 571 706
Current derivative assets 215 55
Margin deposits 456 765
Other current assets 96 207
Total current assets 5,705 5,056
Property, plant and equipment, net of accumulated depreciation 30,314 30,288
Operating lease assets 1,975 2,102
Derivative assets 43 69
Goodwill 77 77
Deferred tax assets 1,450 1,204
Other non-current assets, net 491 462
Total assets 40,055 [1] 39,258
Current liabilities    
Accounts payable 167 155
Accrued liabilities 1,963 2,299
Current debt, net of discount and debt issuance costs 62 366
Deferred revenue 120 155
Current operating lease liabilities 527 535
Current derivative liabilities 1,746 1,089
Other current liabilities 20 94
Total current liabilities 4,605 4,693
Long-term debt, net of premium, discount and debt issuance costs 28,907 29,449
Operating lease liabilities 1,423 1,541
Finance lease liabilities 57 57
Derivative liabilities 6,256 3,501
Other non-current liabilities 66 50
Stockholders' deficit    
Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued 0 0
Common stock: $0.003 par value, 480.0 million shares authorized; 276.5 million shares and 275.2 million shares issued at March 31, 2022 and December 31, 2021, respectively 1 1
Treasury stock: 22.1 million shares and 21.6 million shares at March 31, 2022 and December 31, 2021, respectively, at cost (988) (928)
Additional paid-in-capital 4,244 4,377
Accumulated deficit (6,967) (6,021)
Total stockholders' deficit (3,710) (2,571)
Non-controlling interest 2,451 2,538
Total deficit (1,259) (33)
Total liabilities and stockholders' deficit $ 40,055 [1] $ 39,258
[1] Amounts presented include balances held by our consolidated variable interest entity (“VIE”), CQP, as further discussed in Note 7—Non-controlling Interest and Variable Interest Entity. As of March 31, 2022, total assets and liabilities of CQP, which are included in our Consolidated Balance Sheets, were $19.2 billion and $21.8 billion, respectively, including $1.2 billion of cash and cash equivalents and $0.1 billion of restricted cash and cash equivalents.