Quarterly report pursuant to Section 13 or 15(d)

Revenues (Tables)

v3.22.2.2
Revenues (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table represents a disaggregation of revenue earned (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Revenues from contracts with customers
LNG revenues $ 3,133  $ 1,791  $ 8,576  $ 5,057 
LNG revenues—affiliate 1,376  453  3,268  878 
LNG revenues—related party —  —  4  — 
Regasification revenues 455  68  591  202 
Other revenues 15  12  45  39 
Total revenues from contracts with customers 4,979  2,324  12,484  6,176 
Net derivative gain (loss) (1) (3) —  1  — 
Total revenues $ 4,976  $ 2,324  $ 12,485  $ 6,176 
(1)See Note 7—Derivative Instruments for additional information about our derivatives.
Contract with Customer, Asset
The following table shows our contract assets, net of current expected credit losses, which are classified as contract assets and other non-current assets, net on our Consolidated Balance Sheets (in millions):
September 30, December 31,
2022 2021
Contract assets, net of current expected credit losses $ 388  $ 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):
Nine Months Ended September 30, 2022
Deferred revenue, beginning of period $ 155 
Cash received but not yet recognized in revenue 162 
Revenue recognized from prior period deferral (155)
Deferred revenue, end of period $ 162 

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):
Nine Months Ended September 30, 2022
Deferred revenue—affiliate, beginning of period $ 3 
Cash received but not yet recognized in revenue 6 
Revenue recognized from prior year end deferral (3)
Deferred revenue—affiliate, end of period $ 6 
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:
September 30, 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 $ 51.6  8 $ 49.3  9
LNG revenues—affiliate 2.0  2 2.1  3
Regasification revenues 1.6  2 1.9  4
Total revenues $ 55.2  $ 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.