Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
LNG revenues $ 2,635 $ 539 $ 0
LNG revenues—affiliate 1,389 294 0
Regasification revenues 260 259 259
Other revenues 20 4 7
Other revenues—affiliate 0 4 4
Total revenues 4,304 1,100 270
Operating costs and expenses      
Cost (cost recovery) of sales (excluding depreciation and amortization expense shown separately below) 2,320 410 (31)
Cost of sales—affiliate 0 2 0
Operating and maintenance expense 292 127 62
Operating and maintenance expense—affiliate 100 52 29
Development expense 3 0 3
Development expense—affiliate 0 0 1
General and administrative expense 12 13 15
General and administrative expense—affiliate 80 90 122
Depreciation and amortization expense 339 156 66
Other 2 0 0
Total operating costs and expenses 3,148 850 267
Income from operations 1,156 250 3
Other income (expense)      
Interest expense, net of capitalized interest (614) (357) (185)
Loss on early extinguishment of debt (67) (72) (96)
Derivative gain (loss), net 4 6 (42)
Other income 11 2 1
Total other expense (666) (421) (322)
Net income (loss) $ 490 $ (171) $ (319)
Basic and diluted net loss per common unit $ (1.32) $ (0.20) $ (0.43)
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation 178.5 57.1 57.1