Quarterly report pursuant to Section 13 or 15(d)

Revenues (Tables)

v3.22.2.2
Revenues (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table represents a disaggregation of revenue earned (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Revenues from contracts with customers
LNG revenues $ 8,422  $ 4,170  $ 23,774  $ 10,505 
Regasification revenues 455  68  591  202 
     Other revenues 27  22  78  66 
Total revenues from contracts with customers 8,904  4,260  24,443  10,773 
Net derivative loss (1) (186) (1,092) (325) (1,515)
Other (2) 134  32  225  49 
Total revenues $ 8,852  $ 3,200  $ 24,343  $ 9,307 
(1)See Note 6—Derivative Instruments for additional information about our derivatives.
(2)Includes revenues from LNG vessel subcharters. See Note 10—Leases for additional information about our subleases.
Contract Assets
The following table shows our contract assets, net of current expected credit losses, which are classified as contract assets and other non-current assets, net on our Consolidated Balance Sheets (in millions):
September 30, December 31,
2022 2021
Contract assets, net of current expected credit losses $ 553  $ 140 
Contract Liabilities
The following table reflects the changes in our contract liabilities, which we classify as deferred revenue and other non-current liabilities on our Consolidated Balance Sheets (in millions):
Nine Months Ended September 30, 2022
Deferred revenue, beginning of period $ 194 
Cash received but not yet recognized in revenue 284 
Revenue recognized from prior year end deferral (194)
Deferred revenue, end of period $ 284 
Transaction Price Allocated to Future Performance Obligations The following table discloses the aggregate amount of the transaction price that is allocated to performance obligations that have not yet been satisfied:
September 30, 2022 December 31, 2021
Unsatisfied Transaction Price (in billions) Weighted Average Recognition Timing (years) (1) Unsatisfied Transaction Price (in billions) Weighted Average Recognition Timing (years) (1)
LNG revenues $ 113.5  9 $ 107.1  9
Regasification revenues 1.6  2 1.9  4
Total revenues $ 115.1  $ 109.0 
(1)The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.