CHENIERE ENERGY, INC. LNG Income Statement

Cheniere energy, inc. (LNG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Revenues
2,709,000	3,007,000	2,170,000	2,292,000	2,261,000	2,383,000	1,819,000	1,543,000	2,242,000	1,746,000	1,403,000	1,241,000	1,211,000	572,000	465,000	177,000	69,000	68,547	66,059	68,025	68,369	65,952	66,807	67,645	67,550	66,420	67,710	67,177	65,906	67,420	65,998	62,328	70,474	72,590	65,813	72,810	79,231	68,248	68,275
LNG terminal revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,983	66,841	66,419	66,184	66,735	66,426	66,061	66,624	65,939	66,071	67,260	68,594	68,375	67,302	70,001	65,945	66,337
Marketing and trading revenues (losses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-499	324	657	-199	590	416	-565	469	-292	-4,007	2,658	3,498	-2,999	4,606	8,449	1,533	1,029
Revenues from contracts with customers
2,493,000	2,762,000	2,078,000	2,168,000	2,149,000	2,232,000	1,832,000	1,594,000	2,238,000	-	1,416,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs and expenses
Cost of Goods and Services Sold
-	-	-	1,277,000	-	-	-	873,000	1,178,000	-	824,000	692,000	624,000	229,000	253,000	85,000	15,000	7,077	-24,214	1,444	693	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales—related party
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales (excluding items shown separately below)
724,000	-	1,267,000	-	1,214,000	-	1,027,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas production and exploration costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113
Operating and maintenance expense
316,000	330,000	308,000	295,000	221,000	156,000	170,000	147,000	140,000	137,000	114,000	117,000	78,000	73,000	61,000	46,000	36,000	23,604	17,963	17,727	35,706	15,741	25,908	29,409	13,687	12,086	30,098	31,068	15,259	-	14,056	-	-	-	-	-	-	45,865	43,585
LNG terminal and pipeline operating expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,993	11,557	-	10,976	7,853	10,194	9,053	9,807
Development expense
4,000	3,000	2,000	3,000	1,000	1,000	2,000	3,000	1,000	3,000	3,000	1,000	3,000	2,000	2,000	1,000	2,000	4,360	4,935	16,609	16,096	15,457	11,544	15,263	12,112	10,719	11,046	22,081	17,088	11,484	11,721	21,088	21,819	7,867	11,143	13,356	8,437	4,885	1,143
Selling, general and administrative expense
81,000	88,000	72,000	77,000	73,000	75,000	74,000	73,000	67,000	77,000	64,000	61,000	54,000	63,000	59,000	72,000	66,000	133,220	97,332	87,477	44,971	107,926	74,255	67,720	73,808	106,542	57,096	135,076	85,798	31,845	79,427	20,816	19,993	31,312	16,227	19,378	21,510	15,145	16,910
Marketing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,379	13,046	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization
233,000	233,000	213,000	204,000	144,000	116,000	113,000	111,000	109,000	104,000	92,000	90,000	70,000	68,000	49,000	33,000	24,000	23,439	21,638	20,154	17,769	15,296	16,189	17,298	15,475	15,677	15,246	15,173	15,113	19,406	15,233	15,478	16,290	17,123	15,271	15,625	15,386	16,649	15,612
Restructuring expense
-	-	-	-	-	-	-	-	-	0	0	0	6,000	12,000	26,000	16,000	7,000	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment expense and loss on disposal of assets
-5,000	-16,000	-1,000	-4,000	-2,000	0	-8,000	0	0	-	-9,000	6,000	-	-23,000	0	0	10,000	90,428	396	0	176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	83	109	156	13,142	75	90	80	116	100	57	102	130	78	74	94	-1,554	1,841	137	138	133	-
Total operating costs and expenses
1,363,000	1,991,000	1,863,000	1,860,000	1,655,000	1,867,000	1,394,000	1,207,000	1,495,000	1,305,000	1,106,000	967,000	835,000	450,000	450,000	253,000	160,000	309,355	118,133	163,899	128,613	167,220	127,971	129,780	115,162	145,140	113,586	203,455	133,360	83,335	120,515	68,449	69,753	64,826	55,458	56,349	55,665	-	-
Income from operations
1,346,000	1,016,000	307,000	432,000	606,000	516,000	425,000	336,000	747,000	441,000	297,000	274,000	376,000	122,000	15,000	-76,000	-91,000	-240,808	-52,074	-95,874	-60,244	-101,268	-61,164	-62,135	-47,612	-78,720	-45,876	-136,278	-67,454	-15,915	-54,517	-6,121	721	7,764	10,355	16,461	23,566	22,383	24,690
Other income (expense)
Interest Expense
412,000	418,000	395,000	372,000	247,000	222,000	221,000	216,000	216,000	208,000	186,000	188,000	165,000	158,000	148,000	106,000	76,000	83,336	93,566	85,486	59,612	50,293	46,884	43,789	40,270	43,594	52,528	42,016	40,262	41,093	45,504	55,864	58,350	65,527	65,125	64,587	64,154	63,899	66,950
Gains (Losses) on Modification or Extinguishment of Debt
-1,000	-28,000	-27,000	0	0	-	-12,000	-15,000	-	0	-25,000	-33,000	-42,000	-52,000	-26,000	-56,000	-1,000	-27,727	0	-7,281	-88,992	0	0	-114,335	0	-	0	-80,510	-	-42,585	0	-14,593	-507	0	0	0	0	0	1,011
Gain on sale of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	128,329
Interest rate derivative loss, net
-208,000	53,000	-78,000	-74,000	-35,000	-75,000	23,000	32,000	77,000	44,000	-2,000	-36,000	1,000	232,000	30,000	-91,000	-181,000	38,123	-161,482	46,049	-126,690	-29,921	5,379	-60,178	-34,681	27,084	-22,335	95,509	-17,468	346	287	261	-836	-1,087	-716	-448	0	0	-44
Other income, net
9,000	13,000	-70,000	16,000	16,000	16,000	15,000	10,000	7,000	7,000	4,000	5,000	2,000	6,000	0	-7,000	1,000	1,384	-39	283	372	-544	-160	-189	310	138	65	413	475	131	-12,081	458	125	76	17	118	109	215	158
Total other expense
-612,000	-380,000	-570,000	-430,000	-266,000	-281,000	-195,000	-189,000	-132,000	-157,000	-209,000	-252,000	-204,000	28,000	-144,000	-260,000	-257,000	-71,556	-255,087	-46,435	-274,922	-80,758	-41,665	-218,491	-74,641	-67,438	-74,798	-26,604	-57,255	-83,201	-57,298	-69,738	-59,568	-66,538	-65,824	-64,917	-64,045	-63,684	60,482
Income before income taxes and non-controlling interest
734,000	636,000	-263,000	2,000	340,000	235,000	230,000	147,000	615,000	284,000	88,000	22,000	172,000	150,000	-129,000	-336,000	-348,000	-312,364	-307,161	-142,309	-335,166	-182,026	-102,829	-280,626	-122,253	-146,158	-120,674	-162,882	-124,709	-99,116	-111,815	-75,859	-58,847	-58,774	-55,469	-48,456	-40,479	-41,301	85,172
Income Tax Expense (Benefit)
131,000	-517,000	-3,000	0	3,000	12,000	3,000	-3,000	15,000	4,000	-2,000	1,000	0	0	2,000	-1,000	1,000	-102	-69	-507	678	1,996	1,971	84	92	1,589	1,809	1,022	-80	-207	61	144	6	160	0	0	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
603,000	1,153,000	-260,000	2,000	337,000	223,000	227,000	150,000	600,000	280,000	90,000	21,000	172,000	150,000	-131,000	-335,000	-349,000	-312,262	-307,092	-141,802	-335,844	-184,022	-104,800	-280,710	-122,345	-147,747	-122,483	-163,904	-124,629	-98,909	-111,876	-76,003	-58,853	-58,934	-55,469	-48,456	-40,479	-41,301	85,172
Less: net income attributable to non-controlling interest
228,000	214,000	58,000	116,000	196,000	156,000	162,000	168,000	243,000	153,000	379,000	306,000	118,000	40,000	-30,000	-37,000	-28,000	-21,274	-9,284	-23,307	-68,135	-25,409	-15,219	-78,782	-24,535	-12,518	-21,659	-9,140	-7,524	-4,585	-2,875	-2,963	-2,438	-1,123	-1,533	-1,285	-641	-721	-505
Net income attributable to common stockholders
375,000	939,000	-318,000	-114,000	141,000	67,000	65,000	-18,000	357,000	127,000	-289,000	-285,000	54,000	110,000	-101,000	-298,000	-321,000	-290,988	-297,808	-118,495	-267,709	-158,613	-89,581	-201,928	-97,810	-135,229	-100,824	-154,764	-117,105	-94,324	-109,001	-73,040	-56,415	-57,811	-53,936	-47,171	-39,838	-40,580	85,677
Net loss per share attributable to common stockholdersbasic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.44	-1.31	-1.41	-1.29	-1.31	-0.52	-1.18	-0.70	-0.40	-0.90	-0.44	-0.61	-0.46	-0.71	-0.54	-0.45	-0.52	-0.43	-0.43	-0.66	-0.67	-0.67	-0.60	-	-
Net income (loss) per share attributable to common stockholders—basic
1.48	3.67	-1.25	-0.44	0.55	0.21	0.26	-0.07	1.52	0.56	-1.24	-1.23	0.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.73	1.55
Net income (loss) per share attributable to common stockholders—diluted
1.43	3.66	-1.25	-0.44	0.54	0.21	0.26	-0.07	1.50	0.56	-1.24	-1.23	0.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.73	0.86
Weighted average number of common shares outstanding—basic
253,000	254,300	256,000	257,400	257,100	256,900	247,200	242,800	235,500	234,900	232,600	232,500	232,400	-	-	-	228,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,609	55,317
Weighted average number of common shares outstanding—diluted
299,600	260,500	256,000	257,400	258,500	261,000	250,200	242,800	238,000	234,600	232,600	232,500	232,700	-	-	-	228,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,609	116,596
Weighted average number of common shares outstandingbasic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	228,900	228,300	-	227,665	227,126	226,481	226,328	226,234	224,309	223,602	223,207	221,711	220,734	217,397	215,634	216,252	208,712	171,001	131,107	87,879	80,473	70,630	66,950	-	-
LNG [Member]
Revenues
2,568,000	2,871,000	2,059,000	2,173,000	2,143,000	2,245,000	1,719,000	1,442,000	2,166,000	1,671,000	1,332,000	1,171,000	1,143,000	504,000	399,000	110,000	3,000	1,601	-1,557	-706	662	-	-	-	-	-	-	-	-	-	-	-	550	-	426	884	768	749	884
Revenues from contracts with customers
2,404,000	2,674,000	1,995,000	2,080,000	2,068,000	2,127,000	1,776,000	1,516,000	2,162,000	-	1,345,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other [Member]
Revenues
74,000	69,000	45,000	52,000	52,000	74,000	34,000	36,000	10,000	-	-	4,000	3,000	-	2,000	2,000	1,000	7,834	1,019	2,242	905	1,304	323	480	474	435	385	335	410	877	351	264	6	2,576	11	18	13	21	25
Revenues from contracts with customers
22,000	21,000	17,000	21,000	15,000	41,000	-10,000	13,000	10,000	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regasification [Member]
Revenues from contracts with customers
67,000	67,000	66,000	67,000	66,000	65,000	66,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	64,000	65,000	65,000	59,112	66,597	66,489	66,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, Related Party [Member]
Revenues from contracts with customers
-	-	-	-	-	-	-	-	1,000	-	1,000	1,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-