Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Revenue earned from contracts with customers $ 1,465 $ 897 $ 4,412 $ 2,763
Revenues 1,529 903 4,529 2,786
Operating costs and expenses        
Cost of sales (excluding depreciation and amortization expense shown separately below) 756 490 2,291 1,580
Operating and maintenance expense 113 73 306 205
Operating and maintenance expense—affiliate 31 31 87 70
Development expense 1 1 2 2
General and administrative expense 3 5 9 10
General and administrative expense—affiliate 18 18 53 63
Depreciation and amortization expense 107 87 318 239
Impairment expense and loss on disposal of assets 8 0 8 0
Other 0 1 0 1
Total operating costs and expenses 1,037 706 3,074 2,170
Income (loss) from operations 492 197 1,455 616
Other income (expense)        
Interest expense, net of capitalized interest (183) (153) (552) (437)
Loss on modification or extinguishment of debt (12) (25) (12) (67)
Derivative gain (loss), net 2 1 13 (2)
Other income 8 3 19 6
Total other income (expense) (185) (174) (532) (500)
Net income (loss) $ 307 $ 23 $ 923 $ 116
Basic and diluted net income (loss) per common unit $ 0.60 $ (1.10) $ 1.82 $ (4.12)
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation 348.6 247.2 348.6 121.2
LNG [Member]        
Revenues        
Revenue earned from contracts with customers $ 1,185 $ 717 $ 3,302 $ 1,695
Revenues 1,249 723 3,419 1,718
LNG—affiliate [Member]        
Revenues        
Revenue earned from contracts with customers 205 111 886 864
Regasification [Member]        
Revenues        
Revenue earned from contracts with customers 66 65 196 195
Other [Member]        
Revenues        
Revenue earned from contracts with customers 9 3 28 7
Other—affiliate [Member]        
Revenues        
Revenue earned from contracts with customers $ 0 $ 1 $ 0 $ 2