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 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
LNG revenues $ 723 $ 249 $ 1,718 $ 334
LNG revenues—affiliate 111 16 864 16
Regasification revenues 65 64 195 194
Other revenues 3 1 7 2
Other revenues—affiliate 1 1 2 3
Total revenues 903 331 2,786 549
Operating costs and expenses        
Cost of sales (excluding depreciation and amortization expense shown separately below) 490 159 1,580 212
Cost of sales—affiliate 0 1 0 1
Operating and maintenance expense 73 38 205 80
Operating and maintenance expense—affiliate 31 14 70 36
Development expense 1 0 2 0
General and administrative expense 5 2 10 9
General and administrative expense—affiliate 18 25 63 68
Depreciation and amortization expense 87 44 239 92
Other 1 0 1 0
Total operating costs and expenses 706 283 2,170 498
Income from operations 197 48 616 51
Other income (expense)        
Interest expense, net of capitalized interest (153) (114) (437) (229)
Loss on early extinguishment of debt (25) (26) (67) (54)
Derivative gain (loss), net 1 10 (2) (26)
Other income 3 0 6 1
Total other expense (174) (130) (500) (308)
Net income (loss) $ 23 $ (82) $ 116 $ (257)
Basic and diluted net loss per common unit $ (1.10) $ (0.27) $ (4.12) $ (0.56)
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation 247.2 57.1 121.2 57.1