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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Reconciliation of net profit / (loss) to adjusted EBITDA | A reconciliation of net profit / (loss) to Adjusted EBITDA is as follows:
| Nine months ended September 30,
(in thousands of $) | 2021 | 2020
Net profit / (loss) | 514,804 |  | (206,572) |
Income taxes | 565 |  | 598 |
Profit/(loss) before income taxes | 515,369 |  | (205,974) |
Depreciation and amortization | 79,488 |  | 81,097 |
Unrealized (gain)/loss on oil and gas derivative instruments (note 2) | (145,282) |  | 39,400 |
Other non-operating losses, net | 311,916 |  | — |
Interest income | (67) |  | (1,432) |
Interest expense | 42,776 |  | 54,137 |
(Gains)/losses on derivative instruments | (17,063) |  | 54,543 |
Other financial items, net | (524) |  | (1,986) |
Equity in net losses of affiliates | 561 |  | 391 |
Net (income)/loss from discontinued operations | (568,047) |  | 180,469 |
Adjusted EBITDA | 219,127 |  | 200,645 |
Segment Reporting Information |
|  | Nine months ended September 30, 2021
(in thousands of $) |  | Shipping | FLNG | Corporate and other (1) | Total results from continuing operations | Results from discontinued operations | Total
Statement of Operations: |  |  |  |  |  |  |
Total operating revenues |  | 150,528 |  | 164,614 |  | 21,575 |  | 336,717 |  | — |  | 336,717 |
Vessel operating expenses |  | (47,118) |  | (39,289) |  | (7,658) |  | (94,065) |  | — |  | (94,065) |
Voyage, charterhire and commission expenses |  | (10,600) |  | (450) |  | (66) |  | (11,116) |  | — |  | (11,116) |
Administrative expenses |  | (457) |  | (185) |  | (26,429) |  | (27,071) |  | — |  | (27,071) |
Project development expenses |  | — |  | (2,116) |  | (79) |  | (2,195) |  | — |  | (2,195) |
Realized gains on oil derivative instrument (note 2) |  | — |  | 11,837 |  | — |  | 11,837 |  | — |  | 11,837 |
Other operating income |  | 5,020 |  | — |  | — |  | 5,020 |  | — |  | 5,020 |
Adjusted EBITDA |  | 97,373 |  | 134,411 |  | (12,657) |  | 219,127 |  | — |  | 219,127 |
Balance Sheet: |  | September 30, 2021
(in thousands of $) |  | Shipping | FLNG | Corporate and other (1) | Segment assets from continuing operations | Assets held for sale | Total assets
Total assets |  | 1,830,057 |  | 2,267,252 |  | 706,844 |  | 4,804,153 |  | — |  | 4,804,153 |
Investment in affiliates (note 14) |  | — |  | — |  | 50,573 |  | 50,573 |  | — |  | 50,573 |
|  | Nine months ended September 30, 2020
(in thousands of $) |  | Shipping | FLNG | Corporate and other (1) | Total results from continuing operations | Results from Discontinued operations | Total
Statement of Operations: |  |  |  |  |  |  |
Total operating revenues |  | 141,154 |  | 163,572 |  | 15,227 |  | 319,953 |  | — |  | 319,953 |
Vessel operating expenses |  | (42,695) |  | (40,430) |  | 416 |  | (82,709) |  | — |  | (82,709) |
Voyage, charterhire and commission expenses |  | (6,842) |  | — |  | — |  | (6,842) |  | — |  | (6,842) |
Administrative expenses |  | (1,416) |  | (803) |  | (24,505) |  | (26,724) |  | — |  | (26,724) |
Project development expenses |  | (105) |  | (1,430) |  | (4,569) |  | (6,104) |  | — |  | (6,104) |
Realized gains on oil derivative instrument (note 2) |  | — |  | 2,539 |  | — |  | 2,539 |  | — |  | 2,539 |
Other operating income |  | 532 |  | — |  | — |  | 532 |  | — |  | 532 |
Adjusted EBITDA |  | 90,628 |  | 123,448 |  | (13,431) |  | 200,645 |  | — |  | 200,645 |
Balance Sheet: |  | December 31, 2020
(in thousands of $) |  | Shipping | FLNG | Corporate and other (1) | Segment assets from continuing operations | Assets held for sale | Total assets
Total assets |  | 1,870,819 |  | 1,933,677 |  | 241,967 |  | 4,046,463 |  | 267,766 |  | 4,314,229 |
Investment in affiliates (note 14) |  | — |  | — |  | 44,385 |  | 44,385 |  | — |  | 44,385 |
(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- 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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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