Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.22.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenues $ 4,181 $ 1,889 $ 7,509 $ 3,852
Revenues from contracts with customers 4,177 1,889 7,505 3,852
Operating costs and expenses        
Cost of sales (excluding items shown separately below) 3,144 888 5,706 1,836
Cost of sales—affiliate 57 12 62 54
Cost of sales—related party 1 1 1 1
Operating and maintenance expense 191 168 361 317
Operating and maintenance expense—affiliate 41 35 79 69
Operating and maintenance expense—related party 15 12 27 22
Development expense 0 1 0 1
General and administrative expense (recovery) (3) 3 0 5
General and administrative expense—affiliate 24 21 47 42
Depreciation and amortization expense 156 138 309 277
Other 0 6 0 6
Total operating costs and expenses 3,626 1,285 6,592 2,630
Income from operations 555 604 917 1,222
Other income (expense)        
Interest expense, net of capitalized interest (216) (209) (419) (426)
Loss on modification or extinguishment of debt 0 0 0 (54)
Other income, net 3 0 3 0
Total other expense (213) (209) (416) (480)
Net income $ 342 $ 395 $ 501 $ 742
Basic and diluted net income per common unit $ 0.25 $ 0.73 $ 0.13 $ 1.38
Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation 484.0 484.0 484.0 484.0
LNG [Member]        
Revenues        
Revenues $ 2,959 $ 1,597 $ 5,447 $ 3,266
Revenues from contracts with customers 2,955 1,597 5,443 3,266
LNG—affiliate [Member]        
Revenues        
Revenues from contracts with customers 1,135 211 1,892 425
LNG—related party[Member]        
Revenues        
Revenues from contracts with customers 4 0 4 0
Regasification [Member]        
Revenues        
Revenues from contracts with customers 68 67 136 134
Other [Member]        
Revenues        
Revenues from contracts with customers $ 15 $ 14 $ 30 $ 27