XML 11 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Total operating revenues $ 248,665 $ 85,950
Vessel operating expenses 67,761 38,870
Voyage and charterhire expenses 15,307 20,637
Administrative expenses 38,867 27,188
Project development expenses 16,964 6,383
Depreciation and amortization [1] 65,394 59,937
Total operating expenses 254,727 174,206
Realized and unrealized gain on oil derivative instrument 200,088 0
Other operating gains and losses [2] 23,278 0
Total other operating income 223,366 0
Operating income (loss) 217,304 (88,256)
Other non-operating income    
Other 0 108
Total other non-operating income 0 108
Financial income (expense)    
Interest income 7,150 4,704
Interest expense (70,657) (53,085)
(Losses) gains on derivative instruments (12,258) 580
Other financial items, net 4,621 (4,075)
Net financial expense (71,144) (51,876)
Income (loss) before income taxes, equity in net earnings (losses) of affiliates and non-controlling interests 146,160 (140,024)
Income taxes (640) (1,070)
Equity in net earnings (losses) of affiliates (3,547) (19,100)
Net income (loss) [1] 141,973 (160,194)
Net income attributable to non-controlling interests (60,444) (23,332)
Net income (loss) attributable to Golar LNG Limited $ 81,529 $ (183,526)
Basic and diluted loss per share (in USD per share) $ 0.81 $ (1.82)
Cash dividends declared and paid per share (in USD per share) $ 0.225 $ 0.15
Other operating gain $ 36,000  
Other operating loss 12,700  
Time and Voyage Charter    
Total operating revenues 123,414 $ 52,004
Liquefaction Services    
Total operating revenues 73,101 0
Vessel and Other Management Fees    
Total operating revenues 15,968 16,930
Collaborative Arrangement    
Voyage and charterhire expenses 50,434 21,191
Collaborative Arrangement | Time Charter    
Total operating revenues $ 36,182 $ 17,016
[1] Following the adoption of the amendments to ASC 230, the statement of cash flows presents the change in the period in total cash, cash equivalents and restricted cash. These amendments have been applied retrospectively for the nine months ended September 30, 2017.
[2] This represents initial amounts of $36.0 million recovered in connection with the ongoing arbitration proceedings arising from the delays and the termination of the Golar Tundra time charter with a former charterer, partially offset by a write off of $12.7 million of the trading balance with OneLNG, subsequent to the decision to dissolve OneLNG, as we deem it to be no longer recoverable (see note 16).