XML 94 R29.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
|  | Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
(in thousands of $) |  | Vessel operations | FLNG | Power | Other (1) | Total |  | Vessel operations | FLNG | Power | Other (1) | Total
Statement of Operations: |  |  |  |  |  |  |  |  |  |  |  |
Total operating revenues |  | 146,130 |  | 163,572 |  | — |  | — |  | 309,702 |  |  | 175,564 |  | 73,101 |  | — |  | — |  | 248,665 |
Depreciation and amortization |  | (48,617 | ) | (36,095 | ) | — |  | — |  | (84,712 | ) |  | (49,252 | ) | (16,142 | ) | — |  | — |  | (65,394 | )
Other operating expenses |  | (128,950 | ) | (40,337 | ) | — |  | — |  | (169,287 | ) |  | (158,964 | ) | (30,369 | ) | — |  | — |  | (189,333 | )
Impairment of long-term assets (2) (3) |  | (41,597 | ) | — |  | — |  | — |  | (41,597 | ) |  | — |  | — |  | — |  | — |  | — |
Other operating gains/(losses) (note 18) |  | 12,060 |  | (34,403 | ) | — |  | — |  | (22,343 | ) |  | 36,000 |  | 187,366 |  | — |  | — |  | 223,366 |
Operating (loss)/income |  | (60,974 | ) | 52,737 |  | — |  | — |  | (8,237 | ) |  | 3,348 |  | 213,956 |  | — |  | — |  | 217,304 |
Inter segment operating income/(loss) (4) |  | 553 |  | — |  | — |  | (553 | ) | — |  |  | 269 |  | — |  | — |  | (269 | ) | — |
Segment operating (loss)/ income |  | (60,421 | ) | 52,737 |  | — |  | (553 | ) | (8,237 | ) |  | 3,617 |  | 213,956 |  | — |  | (269 | ) | 217,304 |
Equity in net (losses)/earnings of affiliates |  | (29,495 | ) | — |  | (18,135 | ) | — |  | (47,630 | ) |  | 15,485 |  | (2,047 | ) | (16,985 | ) | — |  | (3,547 | )
Balance Sheet: |  | September 30, 2019 |  | December 31, 2018
(in thousands of $) |  | Vessel operations | FLNG | Power | Other (1) | Total |  | Vessel operations | FLNG | Power | Other (1) | Total
Total assets |  | 2,791,542 |  | 1,674,541 |  | 257,537 |  | (6,004 | ) | 4,717,616 |  |  | 2,990,506 |  | 1,555,389 |  | 266,151 |  | (5,451 | ) | 4,806,595 |
Investment in affiliates |  | 249,563 |  | — |  | 257,537 |  | — |  | 507,100 |  |  | 305,631 |  | — |  | 266,151 |  | — |  | 571,782 |
(1) Eliminations required for consolidation purposes. (2) On March 29, 2019 we signed an agreement with LNG Hrvatska for the future sale of the Golar Viking once converted into an FSRU, following the completion of its current charter lease term, which triggered an impairment indicator. The impairment loss of $34.3 million is recognized in operating costs for the write down of the Golar Viking asset to its fair value. Fair value is based on average broker valuation at date of measurement and represents the exit price in the principal LNG carrier sales market. (3) In May 2019, a major shareholder sold its shareholding which triggered a re-assessment of the carrying value of our investment in OLT-O. This resulted in an impairment charge of $7.3 million for the write down of the carrying value in our investment in OLT-O to its fair value. (4) Inter segment operating income/(loss) relates to management fee revenues and charter revenues between the segments.
Schedules of Concentration of Risk, by Risk Factor | For the nine months ended September 30, 2019 and 2018, revenues from the following customers accounted for over 10% of our total operating revenues, excluding vessel and other management fees:
| Nine months ended September 30,
(in thousands of $) | 2019 | 2018
Cool Pool (note 17) | 66,691 |  | 23 | % | 141,024 |  | 61 | %
Perenco and SNH | 163,571 |  | 56 | % | 73,101 |  | 31 | %

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13537-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13531-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration