Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
LNG revenues $ 492 $ 0
LNG revenues—affiliate 331 0
Regasification revenues 67 65
Regasification revenues—affiliate 1 2
Total revenues 891 67
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 513 4
Operating and maintenance expense 50 18
Operating and maintenance expense—affiliate 18 11
General and administrative expense 3 3
General and administrative expense—affiliate 22 22
Depreciation and amortization expense 66 19
Total operating costs and expenses 672 77
Income (loss) from operations 219 (10)
Other expense    
Interest expense, net of capitalized interest (130) (43)
Loss on early extinguishment of debt (42) (1)
Derivative loss, net 0 (21)
Total other expense (172) (65)
Net income (loss) $ 47 $ (75)
Basic and diluted net loss per common unit $ (0.80) $ (0.08)
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation 57.1 57.1