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, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
LNG revenues $ 503 $ 85 $ 995 $ 85
LNG revenues—affiliate 422 0 753 0
Regasification revenues 65 65 130 130
Other revenues 2 1 4 1
Other revenues—affiliate 0 0 1 2
Total revenues 992 151 1,883 218
Operating costs and expenses        
Cost of sales (excluding depreciation and amortization expense shown separately below) 577 49 1,090 53
Operating and maintenance expense 82 24 132 42
Operating and maintenance expense—affiliate 21 11 39 22
Development expense 1 0 1 0
General and administrative expense 2 4 5 7
General and administrative expense—affiliate 23 21 45 43
Depreciation and amortization expense 86 29 152 48
Total operating costs and expenses 792 138 1,464 215
Income from operations 200 13 419 3
Other income (expense)        
Interest expense, net of capitalized interest (154) (72) (284) (115)
Loss on early extinguishment of debt 0 (27) (42) (28)
Derivative loss, net (3) (15) (3) (36)
Other income 3 1 3 1
Total other expense (154) (113) (326) (178)
Net income (loss) $ 46 $ (100) $ 93 $ (175)
Basic and diluted net loss per common unit $ (3.71) $ (0.21) $ (4.50) $ (0.29)
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation 57.1 57.1 57.1 57.1