Annual report pursuant to Section 13 and 15(d)

Revenues from Contracts with Customers (Tables)

v3.19.3.a.u2
Revenues from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019, 2018 and 2017 (in millions):
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
LNG revenues
 
$
5,210

 
$
4,828

 
$
2,635

LNG revenues—affiliate
 
1,312

 
1,299

 
1,389

Regasification revenues
 
266

 
261

 
260

Other revenues
 
49

 
39

 
20

Total revenues from customers
 
6,837

 
6,427

 
4,304

Net derivative gains (losses) (1)
 
1

 
(1
)
 
—

Total revenues
 
$
6,838

 
$
6,426

 
$
4,304

 
(1)
See Note 8—Derivative Instruments for additional information about our derivatives.
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,
 
 
2019
 
2018
Deferred revenues, beginning of period
 
$
116

 
$
111

Cash received but not yet recognized
 
155

 
116

Revenue recognized from prior period deferral
 
(116
)
 
(111
)
Deferred revenues, end of period
 
$
155

 
$
116


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, 2019 and 2018:
 
 
December 31, 2019
 
December 31, 2018
 
 
Unsatisfied
Transaction Price
(in billions)
 
Weighted Average Recognition Timing (years) (1)
 
Unsatisfied
Transaction Price
(in billions)
 
Weighted Average Recognition Timing (years) (1)
LNG revenues (2)
 
$
55.0

 
10
 
$
53.6

 
10
Regasification revenues
 
2.4

 
5
 
2.6

 
6
Total revenues
 
$
57.4

 
 
 
$
56.2

 
 
 
    
(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.
(2)
Includes future consideration from agreement contractually assigned to SPL from Cheniere Marketing.