Quarterly report pursuant to Section 13 or 15(d)

Revenues from Contracts with Customers (Tables)

v3.22.1
Revenues from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table represents a disaggregation of revenue earned from contracts with customers (in millions):
Three Months Ended March 31,
2022 2021
LNG revenues $ 2,488  $ 1,669 
LNG revenues—affiliate 757  214 
Regasification revenues 68  67 
Other revenues 15  13 
Total revenues $ 3,328  $ 1,963 
Contract with Customer, Asset
The following table shows our contract assets, net of current expected credit losses, which are classified as other current assets and other non-current assets, net on our Consolidated Balance Sheets (in millions):
March 31, December 31,
2022 2021
Contract assets, net of current expected credit losses $ 1  $ 1 
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):
Three Months Ended March 31, 2022
Deferred revenue, beginning of period $ 155 
Cash received but not yet recognized in revenue 116 
Revenue recognized from prior period deferral (155)
Deferred revenue, end of period $ 116 

The following table reflects the changes in our contract liabilities to affiliate, which we classify as deferred revenue—affiliate and other non-current liabilities—affiliate on our Consolidated Balance Sheets (in millions):
Three Months Ended March 31, 2022
Deferred revenue—affiliate, beginning of period $ 3 
Cash received but not yet recognized in revenue 3 
Revenue recognized from prior period deferral (3)
Deferred revenue—affiliate, end of period $ 3 
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:
March 31, 2022 December 31, 2021
Unsatisfied
Transaction Price
(in billions)		 Weighted Average Recognition Timing (years) (1) Unsatisfied
Transaction Price
(in billions)		 Weighted Average Recognition Timing (years) (1)
LNG revenues $ 51.2  8 $ 49.3  9
LNG revenues—affiliate 2.0  3 2.1  3
Regasification revenues 1.8  4 1.9  4
Total revenues $ 55.0  $ 53.3 
(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.