Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues $ 4,102 $ 8,007 $ 11,412 $ 15,491
Operating costs and expenses (recoveries)        
Cost (recovery) of sales (excluding items shown separately below) 912 5,752 (627) 13,088
Operating and maintenance expense 487 419 931 808
Selling, general and administrative expense 87 77 194 173
Depreciation and amortization expense 297 276 594 547
Other 11 6 21 11
Total operating costs and expenses 1,794 6,530 1,113 14,627
Income from operations 2,308 1,477 10,299 864
Other income (expense)        
Interest expense, net of capitalized interest (291) (357) (588) (706)
Gain (loss) on modification or extinguishment of debt (2) (28) 18 (46)
Interest rate derivative gain (loss), net 0 (1) 0 2
Interest income 55 7 89 8
Other income (expense), net 0 (4) 3 0
Total other expense (238) (383) (478) (742)
Income before income taxes and non-controlling interest 2,070 1,094 9,821 122
Less: income tax provision (benefit) 363 181 1,679 (10)
Net income 1,707 913 8,142 132
Net Income Attributable to Noncontrolling Interest 338 172 1,339 256
Net income (loss) attributable to common stockholders $ 1,369 $ 741 $ 6,803 $ (124)
Net income (loss) per share attributable to common stockholders—basic (1) [1] $ 5.65 $ 2.92 $ 27.99 $ (0.49)
Net income (loss) per share attributable to common stockholders—diluted (1) [1] $ 5.61 $ 2.90 $ 27.79 $ (0.49)
Weighted average number of common shares outstanding—basic 242.3 253.6 243.1 253.8
Weighted average number of common shares outstanding—diluted 243.8 255.9 244.8 253.8
LNG [Member]        
Revenues        
Revenues $ 3,919 $ 7,873 $ 11,010 $ 15,213
Regasification [Member]        
Revenues        
Revenues 33 68 67 136
Other [Member]        
Revenues        
Revenues $ 150 $ 66 $ 335 $ 142
[1] Earnings per share in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.