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Restatement (Tables) | 9 Months Ended
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Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | These interim financial statements should be read in conjunction with the company's restated audited financial statements for the year ended December 31, 2015 included in the Form 20-F/A. GOLAR LNG LIMITED RESTATEMENT IMPACT ON THE UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
(in thousands of $ except per share amounts) | Nine months ended September 30,
2015 |  | Adjustment |  | 2015 |
|  |  | Restated |
Time and voyage charter revenues | 70,009 |  | — |  | 70,009 |
Vessel and other management fee | 9,671 |  | — |  | 9,671 |
Operating revenues | 79,680 |  | — |  | 79,680 |
Vessel operating expenses | 42,857 |  | — |  | 42,857 |
Voyage and charterhire expenses | 57,515 |  | — |  | 57,515 |
Administrative expenses | 23,505 |  | — |  | 23,505 |
Depreciation and amortization | 54,191 |  | — |  | 54,191 |
Total operating expenses | 178,068 |  | — |  | 178,068 |
Gain on disposals to Golar Partners | 103,917 |  | (378 | ) | 103,539 |
Impairment of vessel held-for-sale | (1,032 | ) | — |  | (1,032 | )
Loss on disposal of vessel held-for-sale | (5,824 | ) | — |  | (5,824 | )
Operating loss | (1,327 | ) | (378 | ) | (1,705 | )
Other non-operating income (loss) |  |  |
Dividend income | 11,409 |  | (11,409 | ) | — |
Loss on sale of available-for-sale securities | (3,011 | ) | 3,011 |  | — |
Total other non-operating income (loss) | 8,398 |  | (8,398 | ) | — |
Financial income (expense) |  |  |
Interest income | 4,786 |  | — |  | 4,786 |
Interest expense | (51,622 | ) | — |  | (51,622 | )
Other financial items, net | (91,561 | ) | — |  | (91,561 | )
Net financial expense | (138,397 | ) | — |  | (138,397 | )
Loss before taxes and equity in net earnings of affiliates | (131,326 | ) | (8,776 | ) | (140,102 | )
Income taxes | 2,563 |  | — |  | 2,563 |
Equity in net earnings of affiliates | 10,133 |  | 32,007 |  | 42,140 |
Net (loss) income | (118,630 | ) | 23,231 |  | (95,399 | )
Net income attributable to non-controlling interests | (8,138 | ) | — |  | (8,138 | )
Net (loss) income attributable to Golar LNG Ltd | (126,768 | ) | 23,231 |  | (103,537 | )
Basic and diluted (loss) earnings per share ($) | (1.36 | ) | 0.25 |  | (1.11 | )
Cash dividends declared and paid per share ($) | $ | 1.35 |  | $ | — |  | $ | 1.35 |
GOLAR LNG LIMITED RESTATEMENT IMPACT ON THE UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Nine months ended September 30,
(in thousands of $) | 2015 |  | Adjustment |  | 2015 |
|  |  | Restated |
Net loss | (118,630 | ) | 23,231 |  | (95,399 | )
Other comprehensive loss: |  |  |
Net loss on qualifying cash flow hedging instruments | (706 | ) | (3,271 | ) | (3,977 | )
Net (loss) gain on investment in available-for-sale securities | (41,898 | ) | 41,898 |  | — |
Other comprehensive (loss) income (note 15) | (42,604 | ) | 38,627 |  | (3,977 | )
Comprehensive (loss) income | (161,234 | ) | 61,858 |  | (99,376 | )
Comprehensive (loss) income attributable to: |  |  |
Stockholders of Golar LNG Limited | (169,372 | ) | 61,858 |  | (107,514 | )
Non-controlling interests | 8,138 |  | — |  | 8,138 |
| (161,234 | ) | 61,858 |  | (99,376 | )
GOLAR LNG LIMITED RESTATEMENT IMPACT ON THE UNAUDITED CONSOLIDATED STATEMENTS OF CASHFLOWS
| Nine months ended September 30,
| 2015 |  | Adjustment |  | 2015 |
(in thousands of $) |  |  | Restated |
OPERATING ACTIVITIES |  |  |
Net loss | (118,630 | ) | 23,231 |  | (95,399 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
Depreciation and amortization | 54,191 |  | — |  | 54,191 |
Amortization of deferred tax benefits on intra-group transfers | (2,616 | ) | — |  | (2,616 | )
Amortization of deferred charges and guarantees, net | (2,454 | ) | — |  | (2,454 | )
Gain on disposals to Golar Partners | (103,917 | ) | 378 |  | (103,539 | )
Equity in net earnings of affiliates | (10,133 | ) | (32,007 | ) | (42,140 | )
Dividend income from available-for-sale securities and cost investments recognized in operating income | (11,409 | ) | 11,409 |  | — |
Dividends received | 39,474 |  | — |  | 39,474 |
Drydocking expenditure | (10,405 | ) | — |  | (10,405 | )
Stock-based compensation | 3,611 |  | — |  | 3,611 |
Loss on disposal of available-for-sale securities | 3,011 |  | (3,011 | ) | — |
Loss on sale of vessel | 5,824 |  | — |  | 5,824 |
Impairment of vessel held-for-sale | 1,032 |  | — |  | 1,032 |
Net foreign exchange gain | 1,883 |  | — |  | 1,883 |
Impairment of loan receivable | 15,010 |  | — |  | 15,010 |
Change in assets and liabilities, net of effects from the sale of the Golar Eskimo: |  |  |
Trade accounts receivable | (2,845 | ) | — |  | (2,845 | )
Inventories | 1,831 |  | — |  | 1,831 |
Prepaid expenses, accrued income and other assets | (1,869 | ) | — |  | (1,869 | )
Amounts due from/to related companies | (9,540 | ) | — |  | (9,540 | )
Trade accounts payable | (2,410 | ) | — |  | (2,410 | )
Accrued expenses and deferred income | 17,222 |  | — |  | 17,222 |
Other liabilities | 41,575 |  | — |  | 41,575 |
Net cash used in operating activities | (91,564 | ) | — |  | (91,564 | )
GOLAR LNG LIMITED RESTATEMENT IMPACT ON THE UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS
| Nine months ended September 30,
| 2015 |  | Adjustment |  | 2015 |
(in thousands of $) |  |  | Restated |
INVESTING ACTIVITIES |  |  |
Additions to vessels and equipment | (3,633 | ) | — |  | (3,633 | )
Additions to newbuildings | (405,331 | ) | — |  | (405,331 | )
Additions to assets under development | (80,985 | ) | — |  | (80,985 | )
Acquisition of LNG Abuja | (20,000 | ) | — |  | (20,000 | )
Repayment of short-term loan granted to third party | 400 |  | — |  | 400 |
Loans granted (including related parties) | (1,000 | ) | — |  | (1,000 | )
Repayment of short-term loan granted to Golar Partners | 20,000 |  | — |  | 20,000 |
Additions to investment in affiliates | (5,023 | ) | — |  | (5,023 | )
Proceeds from disposal of business to Golar Partners, net of cash disposed (including repayments on related vendor financing loans granted) | 126,872 |  | — |  | 126,872 |
Proceeds from disposal of fixed assets | 18,987 |  | — |  | 18,987 |
Proceeds from disposal of high yield bond in Golar Partners | — |  |  | — |
Investment in subsidiary, net of cash acquired | (16 | ) | — |  | (16 | )
Proceeds from disposal of investments in affiliates | 207,428 |  | — |  | 207,428 |
Restricted cash and short-term receivables | (843 | ) | — |  | (843 | )
Net cash used in investing activities | (143,144 | ) | — |  | (143,144 | )
FINANCING ACTIVITIES |  |  |
Proceeds from short-term and long-term debt (including related parties) | 570,077 |  | — |  | 570,077 |
Repayments of short-term and long-term debt (including related parties) | (138,299 | ) | — |  | (138,299 | )
Financing costs paid | (11,290 | ) | — |  | (11,290 | )
Cash dividends paid | (121,359 | ) | — |  | (121,359 | )
Restricted cash and short-term receivables | (33,012 | ) | — |  | (33,012 | )
Proceeds from exercise of share options | 23 |  | — |  | 23 |
Net cash provided by financing activities | 266,140 |  | — |  | 266,140 |
Net increase in cash and cash equivalents | 31,432 |  | — |  | 31,432 |
Cash and cash equivalents at beginning of period | 191,410 |  | — |  | 191,410 |
Cash and cash equivalents at end of period | 222,842 |  | — |  | 222,842 |
GOLAR LNG LIMITED RESTATEMENT IMPACT ON THE UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands of $) | Share Capital | Treasury Shares | Additional Paid-in Capital | Contributed Surplus (1) | Accumulated Other Comprehensive (Loss) Income | Accumulated Retained Earnings | Total before Non- controlling Interest (Restated) | Non-controlling Interest | Total Equity (Restated)
2015 | Adjustment | Restated | 2015 | Adjustment | Restated
Balance at December 31, 2014 | 93,415 |  | — |  | 1,307,087 |  | 200,000 |  | 5,171 |  | (11,750 | ) | (6,579 | ) | 675,179 |  | (33,335 | ) | 641,844 |  | 2,235,767 |  | 1,655 |  | 2,237,422 |
Net income (1)(2) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (126,768 | ) | 23,231 |  | (103,537 | ) | (103,537 | ) | 8,138 |  | (95,399 | )
Dividends | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (121,359 | ) | — |  | (121,359 | ) | (121,359 | ) | — |  | (121,359 | )
Exercise of share options | 8 |  | — |  | 15 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 23 |  | — |  | 23 |
Grant of share options | — |  | — |  | 4,891 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 4,891 |  | — |  | 4,891 |
Forfeiture of share options | — |  | — |  | (1,735 | ) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (1,735 | ) | — |  | (1,735 | )
Cancellation of share options | — |  | — |  | 787 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 787 |  | — |  | 787 |
Transfer of additional paid in capital | — |  | — |  | 6,003 |  | — |  | (4,425 | ) | — |  | (4,425 | ) | — |  | — |  | — |  | 1,578 |  |  | 1,578 |
Other comprehensive loss (2) | — |  | — |  | — |  | — |  | (42,604 | ) | 38,627 |  | (3,977 | ) | — |  | — |  | — |  | (3,977 | ) | — |  | (3,977 | )
Balance at September 30, 2015 | 93,423 |  | — |  | 1,317,048 |  | 200,000 |  | (41,858 | ) | 26,877 |  | (14,981 | ) | 427,052 |  | (10,104 | ) | 416,948 |  | 2,012,438 |  | 9,793 |  | 2,022,231 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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