Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.19.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 1,749 $ 1,593
Revenues from contracts with customers 1,748 1,593
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 879 837
Operating and maintenance expense 138 95
Operating and maintenance expense—affiliate 29 26
General and administrative expense 3 4
General and administrative expense—affiliate 21 18
Depreciation and amortization expense 114 105
Impairment expense and loss on disposal of assets 2 0
Total operating costs and expenses 1,186 1,085
Income (loss) from operations 563 508
Other income (expense)    
Interest expense, net of capitalized interest (187) (185)
Derivative gain, net 0 8
Other income 9 4
Total other income (expense) (178) (173)
Net income $ 385 $ 335
Basic and diluted net income per common unit $ 0.75 $ 0.67
Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation 348.6 348.6
LNG [Member]    
Revenues    
Revenues $ 1,367 $ 1,015
Revenues from contracts with customers 1,366 1,015
LNG—affiliate [Member]    
Revenues    
Revenues from contracts with customers 305 503
Regasification [Member]    
Revenues    
Revenues from contracts with customers 66 65
Other [Member]    
Revenues    
Revenues from contracts with customers $ 11 $ 10