Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
LNG revenues $ 1,015 $ 492
LNG revenues—affiliate 503 331
Regasification revenues 65 65
Other revenues 10 2
Other revenues—affiliate 0 1
Total revenues 1,593 891
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 837 513
Operating and maintenance expense 95 50
Operating and maintenance expense—affiliate 26 18
General and administrative expense 4 3
General and administrative expense—affiliate 18 22
Depreciation and amortization expense 105 66
Total operating costs and expenses 1,085 672
Income from operations 508 219
Other income (expense)    
Interest expense, net of capitalized interest (185) (130)
Loss on early extinguishment of debt 0 (42)
Derivative gain, net 8 0
Other income 4 0
Total other expense (173) (172)
Net income $ 335 $ 47
Basic and diluted net income (loss) per common unit $ 0.67 $ (0.80)
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation 348.6 57.1