Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.22.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 3,328 $ 1,963
Operating costs and expenses    
Cost of sales (excluding items shown separately below) 2,562 948
Cost of sales—affiliate 5 42
Operating and maintenance expense 170 149
Operating and maintenance expense—affiliate 38 34
Operating and maintenance expense—related party 12 10
General and administrative expense 3 2
General and administrative expense—affiliate 23 21
Depreciation and amortization expense 153 139
Total operating costs and expenses 2,966 1,345
Income from operations 362 618
Other expense    
Interest expense, net of capitalized interest (203) (217)
Loss on modification or extinguishment of debt 0 (54)
Total other expense (203) (271)
Net income $ 159 $ 347
Basic and diluted net income (loss) per common unit $ (0.11) $ 0.64
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation 484.0 484.0
LNG [Member]    
Revenues    
Revenues $ 2,488 $ 1,669
Revenues from contracts with customers 2,488 1,669
LNG—affiliate [Member]    
Revenues    
Revenues from contracts with customers 757 214
Regasification [Member]    
Revenues    
Revenues from contracts with customers 68 67
Other [Member]    
Revenues    
Revenues from contracts with customers $ 15 $ 13