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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Reconciliation of net income/(loss) to Adjusted EBITDA

A reconciliation of net income/(loss) to Adjusted EBITDA for the years ended December 31, 2022, 2021 and 2020 is as follows:

(in thousands of $)			2022			2021			2020
Net income/(loss)			939,057			560,615			(167,930)
Income taxes			(438)			1,440			579
Income/(loss) before income taxes			938,619			562,055			(167,351)
Depreciation and amortization			51,712			55,362			55,940
Impairment of long-term assets (note 19)			76,155			—			—
Unrealized (gain)/loss on oil and gas derivative instruments (note 8)			(288,977)			(179,891)			45,100
Realized and unrealized mark-to-market (gains)/losses on our investment in listed equity securities (note 9)			(400,966)			295,777			—
Other non-operating (income)/losses (note 9)			(11,916)			66,027			(5,682)
Interest income			(12,225)			(128)			(1,479)
Interest expense			19,286			34,486			39,182
(Gains)/losses on derivative instruments (note 10)			(71,497)			(24,348)			52,423
Other financial items, net (note 10)			5,380			(693)			557
Net (income)/loss from equity method investments (note 17)			(19,041)			(1,080)			537
Net loss/(income) from discontinued operations (note 14)			76,450			(625,389)			142,912
Adjusted EBITDA			362,980			182,178			162,139

Segment reporting information

			Year Ended December 31, 2022
(in thousands of $)			FLNG			Corporate and other (2)			Shipping			Total results from continuing operations
Statement of Operations:
Total operating revenues (1)			214,825			43,230			9,685			267,740
Vessel operating expenses			(58,583)			(6,578)			(7,641)			(72,802)
Voyage, charterhire and commission expenses, net			(600)			(34)			(1,810)			(2,444)
Administrative (income)/expenses			22			(38,224)			102			(38,100)
Project development expenses			(5,335)			(2,637)			(45)			(8,017)
Realized gain on oil and gas derivative instruments (note 8)			232,020			—			—			232,020
Other operating losses			(15,417)			—			—			(15,417)
Adjusted EBITDA			366,932			(4,243)			291			362,980
Net income/(losses) from equity method investments (note 17)			—			(5,193)			24,234			24,234

(1) Total operating revenues under the FLNG segment includes $0.9 million revenue from a FLNG study (note 7).

(2) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

Balance Sheet:			Year Ended December 31, 2022
(in thousands of $)			FLNG			Corporate and other (1)			Shipping			Segment assets from continuing operations			Assets held for sale			Total
Total assets			2,815,552			1,410,587			52,700			4,278,839			721			4,279,560
Equity method investments (note 17)			—			48,669			55,439			104,108			—			104,108
Capital expenditures (note 18 and 20)			301,292			—			2,901			304,193			—			304,193

(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

			Year Ended December 31, 2021
(in thousands of $)			FLNG			Corporate and other (1)			Shipping			Total results from continuing operations
Statement of Operations:
Total operating revenues			221,020			27,777			11,476			260,273
Vessel operating expenses			(51,195)			(12,119)			(1,052)			(64,366)
Voyage, charterhire and commission expenses/(income)			(600)			166			(235)			(669)
Administrative expenses (2)			(241)			(34,913)			(157)			(35,311)
Project development income/(expenses)			(3,171)			507			143			(2,521)
Realized gain on oil and gas derivative instruments (note 8)			24,772			—			—			24,772
Adjusted EBITDA			190,585			(18,582)			10,175			182,178
Net income from equity method investments (note 17)			—			1,080			—			—

(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

(2) Included within the “Corporate and other” “administrative expenses” is $0.5 million of redundancy costs from an overhead streamlining exercise following the completion of the sale of our investments in Golar Partners and Hygo to NFE, (the “GMLP Merger” and “Hygo Merger”, respectively) (note 14).

Balance Sheet:			Year Ended December 31, 2021
(in thousands of $)			FLNG			Corporate and other (1)			Shipping			Segment assets from continuing operations			Assets held for sale			Total
Total assets			2,314,342			807,276			128,901			3,250,519			1,697,776			4,948,295
Equity method investments (note 17)			—			52,215			—			52,215			—			52,215
Capital expenditures (note 18)			219,582			—			—			219,582			—			219,582

(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

			Year Ended December 31, 2020
(in thousands of $)			FLNG			Corporate and other (1)			Shipping			Total results from continuing operations
Statement of Operations:
Total operating revenues			226,061			20,695			14,632			261,388
Vessel operating expenses/(income)			(52,104)			504			(5,652)			(57,252)
Voyage, charterhire and commission expenses			—			—			(1,544)			(1,544)
Administrative expenses			(1,672)			(32,068)			(636)			(34,376)
Project development expenses			(2,793)			(5,711)			(112)			(8,616)
Realized gain on oil and gas derivative instruments (note 8)			2,539			—			—			2,539
Adjusted EBITDA			172,031			(16,580)			6,688			162,139
Net income/(losses) from equity method investments (note 17)			—			(537)			—			—

Revenue by major customer

For the years ended December 31, 2022, 2021 and 2020, revenues from the following customer accounted for over 10% of our total operating revenues:

(in thousands of $)			2022						2021						2020
Perenco and SNH (1)			213,970			80		%	221,020			85		%	226,061			86		%

(1) LTA with Perenco Cameroon S.A. (“Perenco”) and Société Nationale des Hydrocarbures (“SNH”), (together, the “Customer”) in relation to the FLNG Hilli (note 7).

Revenue by geographic area

The following geographical data presents our revenues from customers and total assets with respect only to our FLNG, while operating under the LTA, in Cameroon. In time and voyage charters for LNG carriers, the charterer, not us, controls the routes of our vessels. These routes can be worldwide as determined by the charterers. Accordingly, our CODM do not evaluate our performance according to geographical region.

			Year Ended December 31,
(in thousands of $)			2022			2021			2020
Cameroon
Liquefaction services revenue			213,970			221,020			226,061
Total assets			1,559,158			1,408,444			1,264,085

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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.

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