XML 22 R16.htm IDEA: XBRL DOCUMENT
v3.23.3

Other Non-Operating (Losses)/Income | 9 Months Ended
--- | ---
Sep. 30, 2023
Other Income and Expenses [Abstract] |
Other non-operating (losses)/income | REALIZED AND UNREALIZED (LOSS)/GAIN ON OIL AND GAS DERIVATIVE INSTRUMENTS The realized and unrealized (loss)/gain on the oil and gas derivative instruments is comprised of the following:
| Nine months ended September 30,
| 2023 | 2022
Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives | 64,809 |  | (29,034) |
Realized gain on FLNG Hilli’s oil derivative instrument | 50,592 |  | 82,890 |
Realized gain on FLNG Hilli’s gas derivative instrument | 30,986 |  | 100,840 |
Realized gain on oil and gas derivative instruments, net | 146,387 |  | 154,696 |
Unrealized (loss)/gain on FLNG Hilli’s gas derivative instrument (note 17) | (109,703) |  | 309,375 |
Unrealized MTM adjustment on commodity swap derivatives | (43,639) |  | 16,411 |
Unrealized (loss)/gain on FLNG Hilli’s oil derivative instrument (note 17) | (4,407) |  | 36,186 |
Unrealized (loss)/gain on oil and gas derivative instruments | (157,749) |  | 361,972 |
Realized and unrealized (loss)/gain on oil and gas derivative instruments | (11,362) |  | 516,668 |
The realized (loss)/gain on oil and gas derivative instruments results from monthly billings above the FLNG Hilli base tolling fee and the incremental capacity increase pursuant to respective LTA amendments, whereas the unrealized gain/(loss) on oil and gas derivative instruments results from movements in forecasted oil and natural gas prices and Euro/U.S. Dollar exchange rates. OTHER NON-OPERATING (LOSSES)/INCOME Other non-operating (losses)/income is comprised of the following:
| Nine months ended September 30,
| 2023 | 2022
Realized and unrealized MTM (losses)/gains on investment in listed equity securities (note 14) (1) | (62,308) |  | 346,497 |
Dividend income from our investment in listed equity securities | 9,823 |  | 4,348 |
UK tax lease liability (2) | — |  | 6,919 |
Other non-operating (losses)/income | (52,485) |  | 357,764 |
(1) “Investment in listed equity securities,” included in balance sheet line-item “Other current assets” (note 14), relates to our equity holding in New Fortress Energy Inc (“NFE”) of nil and 5.3 million shares of Class A NFE common shares (“NFE Shares”) as of September 30, 2023 and December 31, 2022, respectively. During the nine months ended September 30, 2023 and 2022, we recognized $62.3 million realized MTM losses and $346.5 million unrealized MTM gains, respectively. During the nine months ended September 30, 2023, we sold 1.2 million of our NFE Shares at a price range between $36.90 and $40.38 per share for an aggregate consideration of $45.6 million. On March 15, 2023, we also disposed of our remaining 4.1 million NFE Shares that were applied as partial consideration for the repurchase of 1,230 common units in Golar Hilli LLC “Hilli LLC” from NFE, which NFE acquired pursuant to the sale of our investment in Golar LNG Partners LP (“Golar Partners”) to NFE in April 2021 (note 12.2). Following these transactions, we no longer hold any listed equity securities. In the nine months ended September 30, 2022, we sold 6.2 million of NFE Shares at a price of $40.80 per share for an aggregate consideration of $253.0 million. (2) In April 2022, we settled our liability to the UK tax authority in relation to former leasing arrangements of $66.4 million, inclusive of fees and released the remaining UK tax lease liability.

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

X
- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_OtherNonoperatingIncomeAndExpenseTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration