Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.24.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 9,664 $ 17,206 $ 9,434
Operating costs and expenses      
Cost of sales 2,743 12,100 5,391
Operating and maintenance expense 1,107 995 823
General and administrative expense 99 97 94
Depreciation and amortization expense 672 634 557
Other 7 0 12
Total operating costs and expenses 4,628 13,826 6,877
Income from operations 5,036 3,380 2,557
Other income (expense)      
Interest expense, net of capitalized interest (823) (870) (831)
Loss on modification or extinguishment of debt (6) (33) (101)
Interest and dividend income 46 21 1
Other income, net 1 0 4
Total other expense (782) (882) (927)
Net income $ 4,254 $ 2,498 $ 1,630
Basic and diluted net income per common unit [1] $ 6.95 $ 3.27 $ 3.00
Weighted average basic and diluted number of common units outstanding 484.0 484.0 484.0
Nonrelated Party [Member]      
Operating costs and expenses      
Cost of sales $ 2,721 $ 11,887 $ 5,290
Operating and maintenance expense 879 757 635
General and administrative expense 10 5 9
Other 6 0 11
Other income (expense)      
Other income, net 1 0 2
Affiliate [Member]      
Operating costs and expenses      
Cost of sales 22 213 84
Operating and maintenance expense 166 166 142
General and administrative expense 89 92 85
Other 1 0 1
Other income (expense)      
Other income, net 0 0 2
Related Party [Member]      
Operating costs and expenses      
Cost of sales 0 0 17
Operating and maintenance expense 62 72 46
LNG [Member]      
Revenues      
Revenues 9,466 16,075 9,112
LNG [Member] | Nonrelated Party [Member]      
Revenues      
Revenues 6,991 11,507 7,639
LNG [Member] | Affiliate [Member]      
Revenues      
Revenues 2,475 4,568 1,472
LNG [Member] | Related Party [Member]      
Revenues      
Revenues 0 0 1
Regasification [Member]      
Revenues      
Revenues 135 1,068 269
Other [Member]      
Revenues      
Revenues $ 63 $ 63 $ 53
[1] In computing basic and diluted net income per common unit, net income is reduced by the amount of undistributed net income allocated to participating securities other than common units, as required under the two-class method. See Note 15—Net Income per Common Unit.