Annual report pursuant to Section 13 and 15(d)

Revenues from Contracts with Customers (Tables)

v3.10.0.1
Revenues from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table represents a disaggregation of revenue earned from contracts with customers during the years ended December 31, 2018, 2017 and 2016 (in millions):
 
Year Ended December 31,
 
2018
 
2017
 
2016
LNG revenues
$
4,687

 
$
2,615

 
$
535

LNG revenues—affiliate
1,299

 
1,389

 
294

Regasification revenues
261

 
260

 
259

Other revenues
39

 
20

 
4

Other revenues—affiliate
—

 
—

 
4

Total revenues from customers
6,286

 
4,284

 
1,096

Gains from derivative instruments (1)
140

 
20

 
4

Total revenues
$
6,426

 
$
4,304

 
$
1,100

 
(1)
Includes the realized value associated with a portion of derivative instruments that settle through physical delivery.
Contract Balances Reconciliation
The following table reflects the changes in our contract liabilities, which we classify as deferred revenue on our Consolidated Balance Sheets (in millions):
 
 
Year Ended December 31,
 
 
2018
 
2017
Deferred revenues, beginning of period
 
$
111

 
$
78

Cash received but not yet recognized
 
116

 
111

Revenue recognized from prior period deferral
 
(111
)
 
(78
)
Deferred revenues, end of period
 
$
116

 
$
111

Transaction Price Allocated to Future Performance Obligations
The following table discloses the aggregate amount of the transaction price that is allocated to performance obligations that have not yet been satisfied as of December 31, 2018 and 2017:
 
 
December 31, 2018
 
December 31, 2017
 
 
Unsatisfied
Transaction Price
(in billions)
 
Weighted Average Recognition Timing (years) (1)
 
Unsatisfied
Transaction Price
(in billions)
 
Weighted Average Recognition Timing (years) (1)
LNG revenues
 
$
53.6

 
10
 
$
55.7

 
10
Regasification revenues
 
2.6

 
6
 
2.9

 
6
Total revenues
 
$
56.2

 
 
 
$
58.6

 
 
 
    
(1)
The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.