New Fortress Energy Inc(NASDAQ:NFE) 
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company, provides energy and development services to end-users worldwide. The company engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural ...
Website: http://www.newfortressenergy.com
Founded: 2014
Full Time Employees: 201
CEO: Wesley Robert Edens
Sector: Utilities
Industry: Utilities-Regulated Gas
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||
operating revenue | 185,214,000 | 240,318,000 | 227,204,000 | 384,881,000 | 609,504,000 | 420,868,000 | 494,619,000 | 501,688,000 | 448,646,000 | 632,684,000 | 400,075,000 | 548,395,000 | 188,389,000 | 102,836,000 | 91,196,000 | 94,769,000 | 83,863,000 | 76,177,000 | 63,502,000 | 52,279,000 | 35,345,000 | 31,738,000 | 26,138,000 | |
vessel charter revenue | 11,228,000 | 61,048,000 | 46,739,000 | 45,436,000 | 46,655,000 | 67,287,000 | 65,840,000 | 76,524,000 | 96,744,000 | 92,860,000 | 92,420,000 | 87,592,000 | 78,656,000 | 64,561,000 | ||||||||||
contract novation income | 943,000 | |||||||||||||||||||||||
other revenue | 29,568,000 | 26,001,000 | 27,749,000 | 40,219,000 | 34,162,000 | 26,307,000 | 886,000 | 919,000 | 979,000 | 6,386,000 | 12,623,000 | 12,644,000 | 37,611,000 | 56,442,000 | 54,488,000 | 50,927,000 | 52,995,000 | 18,389,000 | 11,028,000 | 17,473,000 | 14,311,000 | 8,028,000 | 3,813,000 | |
total revenues | 226,953,000 | 327,367,000 | 301,692,000 | 470,536,000 | 690,321,000 | 514,462,000 | 561,345,000 | 579,131,000 | 546,369,000 | 731,930,000 | 505,118,000 | 648,631,000 | 304,656,000 | 223,839,000 | 145,684,000 | 145,696,000 | 136,858,000 | 94,566,000 | 74,530,000 | 69,752,000 | 49,656,000 | 39,766,000 | 29,951,000 | |
yoy | -67.12% | -36.37% | -46.26% | -18.75% | 26.35% | -29.71% | 11.13% | -10.71% | 79.34% | 226.99% | 246.72% | 345.19% | 122.61% | 136.70% | 95.47% | 108.88% | 175.61% | 137.81% | 148.84% | |||||
qoq | -30.67% | 8.51% | -35.88% | -31.84% | 34.18% | -8.35% | -3.07% | 6.00% | -25.35% | 44.90% | -22.13% | 112.91% | 36.10% | 53.65% | -0.01% | 6.46% | 44.72% | 26.88% | 6.85% | 40.47% | 24.87% | 32.77% | ||
operating expenses | ||||||||||||||||||||||||
cost of sales | 199,685,000 | 196,908,000 | 208,852,000 | 302,377,000 | 229,117,000 | 191,920,000 | 225,768,000 | 184,938,000 | 135,899,000 | 393,830,000 | 208,298,000 | 282,477,000 | 135,432,000 | 101,430,000 | 96,671,000 | 68,987,000 | 71,665,000 | 69,899,000 | 68,216,000 | 60,135,000 | 45,832,000 | 44,043,000 | 33,349,000 | |
vessel operating expenses | 654,000 | 7,297,000 | 8,056,000 | 7,176,000 | 8,396,000 | 11,613,000 | 11,443,000 | 13,291,000 | 1,608,000 | 20,318,000 | 22,964,000 | 20,976,000 | 15,301,000 | 15,400,000 | ||||||||||
operations and maintenance | 48,265,000 | 58,520,000 | 59,817,000 | 54,957,000 | 68,548,000 | 60,819,000 | 33,697,000 | 26,671,000 | 40,109,000 | 22,033,000 | 23,168,000 | 18,356,000 | 20,144,000 | 18,565,000 | 16,252,000 | 15,796,000 | 13,802,000 | 9,500,000 | 8,483,000 | 8,290,000 | 8,707,000 | 5,403,000 | 4,499,000 | |
selling, general and administrative | 47,494,000 | 86,050,000 | 57,256,000 | 59,271,000 | 70,754,000 | 49,107,000 | 55,803,000 | 52,138,000 | 70,099,000 | 67,601,000 | 48,041,000 | 74,927,000 | 46,802,000 | 44,536,000 | 45,181,000 | 32,869,000 | 30,849,000 | 31,846,000 | 28,370,000 | 30,091,000 | 40,913,000 | 32,169,000 | 49,749,000 | |
transaction and integration costs | 53,284,000 | 19,649,000 | 75,384,000 | 11,931,000 | 1,371,000 | 2,739,000 | 1,554,000 | 494,000 | 9,409,000 | 5,620,000 | 1,901,000 | 2,107,000 | 1,848,000 | 29,152,000 | ||||||||||
depreciation and amortization | 41,082,000 | 50,474,000 | 52,870,000 | 53,057,000 | 50,491,000 | 48,670,000 | 42,115,000 | 34,375,000 | 36,201,000 | 35,793,000 | 34,290,000 | 30,297,000 | 31,194,000 | 26,997,000 | 9,890,000 | 10,013,000 | 9,489,000 | 7,620,000 | 5,254,000 | 2,209,000 | 1,930,000 | 2,110,000 | 1,691,000 | |
asset impairment expense | 61,864,000 | 10,353,000 | 117,312,000 | 246,000 | 2,550,000 | |||||||||||||||||||
total operating expenses | 452,328,000 | 430,956,000 | 689,020,000 | 489,015,000 | 505,817,000 | 364,868,000 | 370,380,000 | 311,907,000 | 295,875,000 | 545,195,000 | 338,662,000 | 429,140,000 | 250,721,000 | 236,080,000 | 167,994,000 | 127,665,000 | 125,805,000 | 242,771,000 | 110,531,000 | 106,005,000 | 97,382,000 | 83,725,000 | 89,288,000 | |
operating income | -225,375,000 | -103,589,000 | -387,328,000 | -18,479,000 | 184,504,000 | 149,594,000 | 190,965,000 | 267,224,000 | 250,494,000 | 186,735,000 | 166,456,000 | 219,491,000 | 53,935,000 | -12,241,000 | -22,310,000 | 18,031,000 | 11,053,000 | -148,205,000 | -36,001,000 | -36,253,000 | -47,726,000 | -43,959,000 | -59,337,000 | |
yoy | -222.15% | -169.25% | -302.83% | -106.92% | -26.34% | -19.89% | 14.72% | 21.75% | 364.44% | -1625.49% | -846.10% | 1117.30% | 387.97% | -91.74% | -38.03% | -149.74% | -123.16% | 237.14% | -39.33% | |||||
qoq | 117.57% | -73.26% | 1996.04% | -110.02% | 23.34% | -21.66% | -28.54% | 6.68% | 34.14% | 12.18% | -24.16% | 306.95% | -540.61% | -45.13% | -223.73% | 63.13% | -107.46% | 311.67% | -0.70% | -24.04% | 8.57% | -25.92% | ||
operating margin % | -99.30% | -31.64% | -128.39% | -3.93% | 26.73% | 29.08% | 34.02% | 46.14% | 45.85% | 25.51% | 32.95% | 33.84% | 17.70% | -5.47% | -15.31% | 12.38% | 8.08% | -156.72% | -48.30% | -51.97% | -96.11% | -110.54% | -198.11% | |
interest expense | 186,880,000 | 210,562,000 | 206,408,000 | 213,694,000 | 77,344,000 | 64,822,000 | 64,396,000 | 71,673,000 | 80,517,000 | 63,588,000 | 44,916,000 | 46,567,000 | 57,595,000 | 31,482,000 | 18,680,000 | 14,822,000 | 19,813,000 | 17,198,000 | 13,890,000 | 4,955,000 | 4,974,000 | 6,199,000 | 3,284,000 | |
other expense | -43,192,000 | -29,042,000 | -56,262,000 | -63,937,000 | 19,112,000 | -2,271,000 | -6,584,000 | 25,005,000 | -16,431,000 | 10,214,000 | -3,692,000 | -5,400,000 | -7,457,000 | -604,000 | 826,000 | 2,569,000 | 999,000 | 611,000 | 33,250 | 1,788,000 | 920,000 | -2,575,000 | ||
loss on extinguishment of debt | 20,320,000 | 467,000 | 9,754,000 | 14,997,000 | 23,505,000 | 9,557,000 | ||||||||||||||||||
income before income taxes | -369,063,000 | -285,109,000 | -557,794,000 | -168,703,000 | ||||||||||||||||||||
tax provision | 31,541,000 | 8,247,000 | -967,000 | 28,670,000 | 21,624,000 | 25,194,000 | 15,322,000 | 28,960,000 | 2,810,000 | 9,971,000 | 5,403,000 | 3,526,000 | 4,409,000 | |||||||||||
net income | -400,604,000 | -293,356,000 | -556,827,000 | -197,373,000 | 56,670,000 | 62,338,000 | 120,100,000 | 151,566,000 | 65,805,000 | 56,231,000 | 241,181,000 | 151,723,000 | -17,769,000 | -1,734,000 | -39,509,000 | -485,000 | -36,670,000 | -166,519,000 | -60,055,000 | -38,370,000 | -54,424,000 | -51,233,000 | -60,292,000 | |
yoy | -806.91% | -570.59% | -563.64% | -230.22% | -13.88% | 10.86% | -50.20% | -0.10% | -470.34% | -3342.85% | -710.45% | -31383.09% | -51.54% | -98.96% | -34.21% | -98.74% | -32.62% | 225.02% | -0.39% | |||||
qoq | 36.56% | -47.32% | 182.12% | -448.28% | -9.09% | -48.09% | -20.76% | 130.33% | 17.03% | -76.69% | 58.96% | -953.86% | 924.74% | -95.61% | 8046.19% | -98.68% | -77.98% | 177.28% | 56.52% | -29.50% | 6.23% | -15.03% | ||
net income margin % | -176.51% | -89.61% | -184.57% | -41.95% | 8.21% | 12.12% | 21.40% | 26.17% | 12.04% | 7.68% | 47.75% | 23.39% | -5.83% | -0.77% | -27.12% | -0.33% | -26.79% | -176.09% | -80.58% | -55.01% | -109.60% | -128.84% | -201.30% | |
net income attributable to common stockholders | -399,945,000 | -299,970,000 | -200,129,000 | |||||||||||||||||||||
net income per share | -1.4 | -1.07 | -2.02 | -0.73 | 0.26 | 0.3 | 0.58 | 0.72 | 0.31 | 0.3 | 1.14 | 0.76 | -0.05 | -0.03 | -0.21 | 0.43 | -0.21 | -2.4 | -0.32 | -0.28 | -0.3 | -0.28 | -0.96 | |
weighted-average number of shares outstanding – basic | 285,702,846 | 281,121,646 | 274,371,636 | 273,609,766 | 205,061,967 | 205,032,928 | 205,045,121 | 208,707,385 | 209,501,298 | 209,629,936 | 209,928,070 | 198,593,042 | ||||||||||||
weighted-average number of shares outstanding – diluted | 285,702,846 | 281,121,646 | 274,371,636 | 273,609,766 | 205,977,720 | 205,032,928 | 205,711,467 | 209,325,619 | 209,854,413 | 209,800,427 | 210,082,295 | 201,703,176 | ||||||||||||
other comprehensive income: | ||||||||||||||||||||||||
currency translation adjustment | 34,330 | 18,547 | 34,335 | 24,253 | -7,708 | -11,356 | 16,908 | 2,141 | 20,363 | -33,087 | 120,830 | 27,186 | 76,996 | -101,690 | 997 | |||||||||
comprehensive income | -366,274 | -274,809 | -173,120 | 48,962 | 50,982 | 137,008 | 153,707 | 86,168 | 23,144 | 362,011 | 99,956 | |||||||||||||
comprehensive (income) attributable to non-controlling interest | 628 | -2,879 | -2,230 | |||||||||||||||||||||
comprehensive income attributable to stockholders | -365,646 | -281,061 | -175,999 | 46,732 | 50,187 | 136,250 | 152,152 | 85,934 | 29,229 | 357,143 | 95,319 | |||||||||||||
goodwill impairment expense | 582,172,000 | |||||||||||||||||||||||
loss on sale | 1,705,000 | -472,699,000 | ||||||||||||||||||||||
comprehensive loss attributable to non-controlling interest | -6,252 | -795 | -758 | -234 | 6,085 | -4,868 | -390 | 8,162 | -4,637 | 2,480 | -131 | -926 | 29,009 | 52,073 | 31,092 | 47,825 | 45,047 | 46,735 | ||||||
net loss attributable to common stockholders | -555,077,000 | |||||||||||||||||||||||
comprehensive loss | -522,492 | -8,828.75 | -94,765 | -40,506 | 398 | -35,699 | -165,999 | -60,424 | -38,446 | -54,567 | -51,233 | -60,292 | ||||||||||||
comprehensive income attributable to non-controlling interest | 616 | -1,555 | ||||||||||||||||||||||
comprehensive loss attributable to stockholders | -521,876 | -7,327.5 | -86,603 | -38,026 | 267 | -36,625 | -136,990 | -8,351 | -7,354 | -6,742 | -6,186 | -13,557 | ||||||||||||
loss on sale of assets | 77,140,000 | |||||||||||||||||||||||
income before income from equity method investments and income taxes | 78,294,000 | 87,043,000 | 133,153,000 | 170,546,000 | ||||||||||||||||||||
income from equity method investments | 489,000 | 2,269,000 | 9,980,000 | -117,793,000 | -31,734,000 | 50,235,000 | -8,515,000 | -15,983,000 | 38,941,000 | |||||||||||||||
net (income) attributable to non-controlling interest | -2,589,000 | |||||||||||||||||||||||
net income attributable to stockholders | 54,081,000 | 61,221,000 | 119,248,000 | 150,206,000 | 64,127,000 | 61,848,000 | 238,269,000 | |||||||||||||||||
net loss attributable to non-controlling interest | -1,117,000 | -852,000 | -1,678,000 | 5,617,000 | -2,912,000 | -866,000 | 7,963,000 | -4,310,000 | 1,606,000 | 655,000 | 312,000 | 29,094,000 | 51,757,000 | 31,027,000 | 47,701,000 | 45,047,000 | 46,735,000 | |||||||
net income attributable to non-controlling interest | -1,360,000 | |||||||||||||||||||||||
net income before income from equity method investments and income taxes | 86,789,500 | 97,936,000 | 141,265,000 | 165,641,000 | 1,740,000 | |||||||||||||||||||
other (income) | -19,725,000 | |||||||||||||||||||||||
tax benefit | -49,681,000 | -877,000 | ||||||||||||||||||||||
contract termination charges and loss on mitigation sales | 123,906,000 | |||||||||||||||||||||||
net loss attributable to stockholders | -13,438,250 | -9,806,000 | -6,044,000 | -37,903,000 | 170,000 | -36,358,000 | -137,425,000 | -8,298,000 | -7,343,000 | -6,723,000 | -6,186,000 | -13,557,000 | ||||||||||||
weighted-average number of shares outstanding – basic and diluted | 207,497,013 | 202,331,304 | 176,500,576 | 106,654,918 | 170,074,532 | 57,341,215 | 26,029,492 | 20,862,555 | 22,692,104 | 22,114,002 | 14,094,534 | |||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||
net loss before income from equity method investments and income taxes | -36,266,000 | |||||||||||||||||||||||
loss before taxes | -40,386,000 | 2,383,000 | -34,834,000 | -166,402,000 | -60,059,000 | -38,268,000 | -54,488,000 | -51,078,000 | -60,046,000 | |||||||||||||||
tax expense | 2,868,000 | 1,836,000 | 117,000 | -4,000 | 102,000 | -64,000 | 155,000 | 246,000 | ||||||||||||||||
unrealized loss on currency translation adjustment | -883 | -971 | 369 | 76 | 143 | |||||||||||||||||||
unrealized gain on currency translation adjustment | -520 | |||||||||||||||||||||||
loss on mitigation sales | 208,000 | |||||||||||||||||||||||
unrealized loss on available-for-sale investment | ||||||||||||||||||||||||
unrealized (gain) on available-for-sale investment |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-04-15 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||
cash and cash equivalents | 92,389,000 | 145,237,000 | 551,109,000 | 447,862,000 | 143,457,000 | 171,329,000 | 104,342,000 | 296,860,000 | 675,492,000 | 364,313,000 | 156,173,000 | 187,509,000 | 224,383,000 | 143,138,000 | 360,130,000 | 601,522,000 | 112,723,000 | 167,316,000 | 232,698,000 | 27,098,000 | 178,187,000 | 200,306,000 | 359,450,000 | 78,301,000 | |
restricted cash | 97,492,000 | 244,104,000 | 270,298,000 | 379,537,000 | 171,476,000 | 66,162,000 | 100,513,000 | 325,298,000 | 165,396,000 | 24,204,000 | 74,873,000 | 68,561,000 | 72,338,000 | 57,353,000 | 4,072,000 | 12,814,000 | 25,714,000 | 32,946,000 | 32,512,000 | 30,966,000 | 22,011,000 | 19,252,000 | 30,000 | 30,000 | |
accounts receivable | 370,322,000 | 419,761,000 | 269,405,000 | 273,136,000 | 335,313,000 | 360,820,000 | 275,292,000 | 353,192,000 | 280,313,000 | 438,440,000 | 238,614,000 | 208,499,000 | 161,008,000 | 121,962,000 | 95,729,000 | 76,544,000 | 93,000,000 | 65,069,000 | 45,976,000 | 49,890,000 | 37,248,000 | 43,987,000 | 31,647,000 | 28,530,000 | |
inventory | 152,946,000 | 109,279,000 | 74,000,000 | 66,695,000 | 186,584,000 | 103,331,000 | 128,411,000 | 76,536,000 | 39,070,000 | 62,801,000 | 54,273,000 | 37,182,000 | 82,390,000 | 61,491,000 | 28,031,000 | 22,860,000 | 19,399,000 | 50,885,000 | 28,602,000 | 63,432,000 | 28,625,000 | 19,623,000 | 27,002,000 | 15,959,000 | |
prepaid expenses and other current assets | 445,599,000 | 415,421,000 | 317,687,000 | 201,925,000 | 201,953,000 | 164,559,000 | 105,133,000 | 102,251,000 | 226,883,000 | 154,798,000 | 82,392,000 | 83,115,000 | 75,602,000 | 92,010,000 | 60,245,000 | 48,270,000 | 29,689,000 | 28,941,000 | 74,826,000 | 38,652,000 | 49,712,000 | 35,231,000 | 12,380,000 | 30,017,000 | |
total current assets | 1,158,748,000 | 1,333,802,000 | 1,482,499,000 | 1,473,708,000 | 1,038,783,000 | 866,201,000 | 713,691,000 | 1,154,137,000 | 1,387,154,000 | 1,044,556,000 | 606,325,000 | 584,866,000 | 615,721,000 | 475,954,000 | 548,207,000 | 762,010,000 | 280,525,000 | 345,157,000 | 414,614,000 | 211,120,000 | 316,828,000 | 319,424,000 | 431,502,000 | 153,780,000 | |
construction in progress | 3,823,852,000 | 4,222,750,000 | 4,072,291,000 | 3,901,113,000 | 5,797,511,000 | 4,789,799,000 | 4,593,132,000 | 3,357,434,000 | 2,418,608,000 | 1,835,289,000 | 1,238,313,000 | 1,043,883,000 | 973,880,000 | 692,745,000 | 337,691,000 | 234,037,000 | 206,110,000 | 346,951,000 | 333,646,000 | 466,587,000 | 394,516,000 | 324,828,000 | 343,963,000 | 254,700,000 | |
property, plant and equipment | 4,860,875,000 | 5,543,873,000 | 5,539,901,000 | 5,545,980,000 | 2,175,882,000 | 2,563,871,000 | 2,161,930,000 | 2,094,417,000 | 2,116,727,000 | 2,131,912,000 | 2,160,025,000 | 2,137,936,000 | 2,025,688,000 | 2,038,738,000 | 607,003,000 | 614,206,000 | 622,475,000 | 475,198,000 | 479,089,000 | 192,222,000 | 193,577,000 | 191,257,000 | 102,012,000 | 94,040,000 | |
right-of-use assets | 244,823,000 | 418,383,000 | 437,548,000 | 465,939,000 | 726,391,000 | 474,483,000 | 504,299,000 | 477,757,000 | 377,877,000 | 391,488,000 | 419,819,000 | 309,663,000 | 145,941,000 | 139,136,000 | 131,575,000 | 141,347,000 | 140,143,000 | 106,993,000 | |||||||
intangible assets | 192,409,000 | 195,821,000 | 194,752,000 | 188,118,000 | 211,854,000 | 67,443,000 | 74,540,000 | 80,312,000 | 85,897,000 | 92,339,000 | 135,650,000 | 142,944,000 | 166,964,000 | 225,668,000 | 65,934,000 | 46,102,000 | 44,381,000 | 42,931,000 | 42,276,000 | ||||||
other non-current assets | 113,631,000 | 168,481,000 | 214,246,000 | 218,464,000 | 125,632,000 | 110,681,000 | 164,244,000 | 138,555,000 | 137,078,000 | 137,658,000 | 102,136,000 | 98,418,000 | 121,142,000 | 117,004,000 | 114,140,000 | 86,030,000 | 83,611,000 | 77,170,000 | 74,027,000 | 81,626,000 | 65,295,000 | 46,361,000 | 42,784,000 | 35,255,000 | |
total assets | 10,394,338,000 | 11,905,607,000 | 11,957,330,000 | 13,028,080,000 | 10,880,362,000 | 9,796,370,000 | 9,135,239,000 | 8,223,746,000 | 7,705,082,000 | 7,440,984,000 | 7,365,808,000 | 6,876,492,000 | 6,665,087,000 | 6,392,075,000 | 1,832,111,000 | 1,908,091,000 | 1,399,813,000 | 1,421,513,000 | 1,489,116,000 | 1,123,814,000 | 1,147,783,000 | 1,056,877,000 | 1,116,619,000 | 699,402,000 | |
liabilities | |||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||
current portion of long-term debt and short-term borrowings | 7,181,301,000 | 6,579,321,000 | 1,181,559,000 | 260,848,000 | 291,518,000 | 270,547,000 | 366,945,000 | ||||||||||||||||||
accounts payable | 634,700,000 | 632,777,000 | 578,835,000 | 655,073,000 | 524,535,000 | 892,924,000 | 602,759,000 | 310,272,000 | 80,387,000 | 104,042,000 | 81,126,000 | 68,085,000 | 210,259,000 | 97,455,000 | 27,970,000 | 21,331,000 | 92,774,000 | 24,854,000 | 21,256,000 | 11,593,000 | 17,106,000 | 16,282,000 | 28,223,000 | 43,177,000 | |
accrued liabilities | 844,064,000 | 488,905,000 | 253,043,000 | 268,083,000 | 417,612,000 | 435,692,000 | 821,137,000 | 602,928,000 | 1,162,412,000 | 278,732,000 | 252,859,000 | 244,025,000 | 159,304,000 | 192,723,000 | 88,809,000 | 90,352,000 | 52,606,000 | 165,292,000 | 68,529,000 | 54,943,000 | 50,796,000 | 42,072,000 | 53,921,000 | 67,512,000 | |
current lease liabilities | 26,926,000 | 63,700,000 | 79,060,000 | 82,442,000 | 147,793,000 | 142,296,000 | 133,431,000 | 106,666,000 | 48,741,000 | 51,362,000 | 60,552,000 | 47,114,000 | 32,009,000 | 30,077,000 | 34,857,000 | 35,481,000 | 36,380,000 | 26,835,000 | 29,944,000 | ||||||
other current liabilities | 239,807,000 | 189,057,000 | 108,807,000 | 171,342,000 | 185,415,000 | 169,744,000 | 143,598,000 | 99,275,000 | 52,878,000 | 78,670,000 | 83,128,000 | 106,036,000 | 109,662,000 | 104,598,000 | 33,375,000 | 35,006,000 | 31,272,000 | 26,134,000 | 24,545,000 | 25,475,000 | 30,495,000 | 19,196,000 | 16,672,000 | 17,393,000 | |
total current liabilities | 8,926,798,000 | 7,953,760,000 | 2,201,304,000 | 1,473,682,000 | 1,566,873,000 | 1,911,203,000 | 2,067,870,000 | 1,396,176,000 | 1,409,238,000 | 570,994,000 | 578,331,000 | 562,511,000 | 767,896,000 | 635,464,000 | 195,870,000 | 191,150,000 | 222,251,000 | 249,701,000 | 151,651,000 | 102,263,000 | 599,015,000 | 574,402,000 | 594,745,000 | 404,755,000 | |
long-term debt | 1,105,839,000 | 2,335,994,000 | 7,805,260,000 | 8,931,506,000 | 6,734,860,000 | 5,897,528,000 | 5,064,188,000 | 4,951,545,000 | 4,476,865,000 | 4,397,099,000 | 3,836,610,000 | 3,757,879,000 | 3,597,659,000 | 3,326,303,000 | 1,239,799,000 | 1,239,561,000 | 980,183,000 | 950,238,000 | 945,209,000 | 619,057,000 | 113,164,000 | ||||
non-current lease liabilities | 259,827,000 | 328,071,000 | 341,509,000 | 355,050,000 | 552,619,000 | 318,082,000 | 349,331,000 | 349,621,000 | 302,121,000 | 317,268,000 | 336,399,000 | 234,060,000 | 93,321,000 | 89,673,000 | 74,363,000 | 84,323,000 | 83,843,000 | 57,166,000 | 64,760,000 | ||||||
deferred tax liabilities | 73,936,000 | 53,227,000 | 61,770,000 | 51,359,000 | 93,083,000 | 27,206,000 | 27,192,000 | 26,455,000 | 25,989,000 | 101,107,000 | 239,060,000 | 269,513,000 | 284,176,000 | 293,073,000 | 5,194,000 | 2,330,000 | 182,000 | 20,000 | |||||||
other long-term liabilities | 82,974,000 | 110,471,000 | 154,139,000 | 168,851,000 | 36,645,000 | 63,789,000 | 75,783,000 | 50,623,000 | 49,010,000 | 52,319,000 | 57,503,000 | 58,475,000 | 37,885,000 | 45,643,000 | 25,704,000 | 15,641,000 | 14,617,000 | 14,314,000 | 13,305,000 | 14,929,000 | 15,035,000 | 15,121,000 | 12,378,000 | 12,000,000 | |
total liabilities | 10,449,374,000 | 10,781,523,000 | 10,563,982,000 | 11,115,846,000 | 8,984,080,000 | 8,217,808,000 | 7,584,364,000 | 6,774,420,000 | 6,263,223,000 | 5,438,787,000 | 5,047,903,000 | 4,882,438,000 | 4,780,937,000 | 4,390,156,000 | 1,540,930,000 | 1,533,005,000 | 1,301,076,000 | 1,271,439,000 | 1,174,925,000 | 736,490,000 | 727,385,000 | 589,737,000 | 607,217,000 | 416,755,000 | |
commitments and contingencies | |||||||||||||||||||||||||
stockholders’ (deficit) equity | |||||||||||||||||||||||||
class a common stock, 0.01 par value... | 2,856,000 | 2,846,000 | 2,742,000 | 2,738,000 | 2,050,000 | 2,050,000 | 2,050,000 | 2,047,000 | 2,088,000 | 2,088,000 | 2,076,000 | 2,069,000 | 2,069,000 | 2,060,000 | 1,746,000 | 1,746,000 | 1,687,000 | ||||||||
additional paid-in capital | 1,779,052,000 | 1,772,580,000 | 1,725,985,000 | 1,722,829,000 | 1,043,652,000 | 1,039,428,000 | 1,039,201,000 | 1,047,541,000 | 1,170,254,000 | 1,801,719,000 | 1,888,842,000 | 1,923,990,000 | 1,912,643,000 | 1,932,318,000 | 551,135,000 | 594,534,000 | 325,053,000 | ||||||||
retained earnings | -2,050,538,000 | -858,057,000 | -558,397,000 | -3,766,000 | 561,422,000 | 331,282,000 | 290,564,000 | 191,819,000 | 62,080,000 | 105,870,000 | |||||||||||||||
accumulated other comprehensive income | 88,388,000 | 78,025,000 | 59,426,000 | 26,671,000 | 64,179,000 | 63,312,000 | 74,346,000 | 57,344,000 | 55,398,000 | 45,613,000 | 116,789,000 | -2,085,000 | 24,625,000 | 101,422,000 | 59,000 | 182,000 | 85,000 | 352,000 | -11,000 | ||||||
total stockholders’ (deficit) equity attributable to nfe | -180,242,000 | ||||||||||||||||||||||||
non-controlling interest | 125,206,000 | 128,690,000 | 122,438,000 | 123,054,000 | 128,324,000 | 142,490,000 | 144,714,000 | 150,575,000 | 152,039,000 | 154,824,000 | 204,328,000 | 202,479,000 | 228,069,000 | 239,569,000 | 5,647,000 | 8,127,000 | 7,996,000 | 7,071,000 | 242,667,000 | 302,519,000 | 335,137,000 | 387,661,000 | 432,708,000 | 14,340,000 | |
total stockholders’ (deficit) equity | -55,036,000 | ||||||||||||||||||||||||
total liabilities and stockholders’ equity | 10,394,338,000 | 11,905,607,000 | 11,957,330,000 | 13,028,080,000 | 9,796,370,000 | 9,135,239,000 | 8,223,746,000 | 7,705,082,000 | 7,440,984,000 | 7,365,808,000 | 6,876,492,000 | 6,665,087,000 | 1,908,091,000 | 1,123,814,000 | 1,147,783,000 | 1,056,877,000 | |||||||||
goodwill | 15,938,000 | 15,938,000 | 594,256,000 | 776,760,000 | 776,760,000 | 776,760,000 | 776,760,000 | 776,760,000 | 778,488,000 | 760,135,000 | 760,135,000 | 740,132,000 | 748,602,000 | ||||||||||||
deferred tax assets | 6,559,000 | 155,000 | 6,848,000 | 27,549,000 | 8,074,000 | 8,074,000 | 8,074,000 | 8,074,000 | 4,750,000 | 6,048,000 | 5,999,000 | 6,087,000 | 6,221,000 | 5,060,000 | 2,315,000 | 2,532,000 | 2,744,000 | 2,756,000 | |||||||
series b convertible preferred stock, 0.01 par value... | 41,154,000 | 40,708,000 | |||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||
total stockholders’ equity attributable to nfe | 995,394,000 | 1,229,756,000 | 1,748,472,000 | 1,671,303,000 | 1,436,072,000 | 1,406,161,000 | 1,298,751,000 | 1,289,820,000 | 1,847,373,000 | 2,113,577,000 | 1,791,575,000 | 1,656,081,000 | 366,959,000 | 84,805,000 | 85,261,000 | 79,479,000 | 76,694,000 | ||||||||
total stockholders’ equity | 1,124,084,000 | 1,352,194,000 | 1,871,526,000 | 1,799,627,000 | 1,578,562,000 | 1,550,875,000 | 1,449,326,000 | 1,441,859,000 | 2,002,197,000 | 2,317,905,000 | 1,994,054,000 | 1,884,150,000 | 375,086,000 | 387,324,000 | 420,398,000 | 467,140,000 | 509,402,000 | ||||||||
assets held for sale - current | 104,553,000 | ||||||||||||||||||||||||
assets held for sale - non-current | 633,654,000 | ||||||||||||||||||||||||
liabilities held for sale - current | 35,894,000 | ||||||||||||||||||||||||
liabilities held for sale - non-current | 135,398,000 | ||||||||||||||||||||||||
equity method investments | 139,058,000 | 138,569,000 | 136,300,000 | 392,306,000 | 1,016,350,000 | 1,327,444,000 | 1,182,013,000 | 1,227,991,000 | 1,312,072,000 | ||||||||||||||||
series a convertible preferred stock, 0.01 par value... | 96,655,000 | ||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 10,880,362,000 | ||||||||||||||||||||||||
current portion of long-term debt | 277,035,000 | 64,820,000 | 58,188,000 | 100,666,000 | 97,251,000 | 249,752,000 | 204,551,000 | 272,192,000 | |||||||||||||||||
finance leases | 4,601,000 | 5,573,000 | 601,953,000 | 602,675,000 | 603,662,000 | 606,108,000 | 7,501,000 | 7,044,000 | 4,872,000 | 915,000 | 1,002,000 | 1,082,000 | 1,045,000 | 1,025,000 | 993,000 | 943,000 | |||||||||
accumulated deficit | -2,047,000 | -132,399,000 | -283,256,000 | -273,450,000 | -267,406,000 | -229,503,000 | -229,673,000 | -192,852,000 | -55,427,000 | -45,823,000 | -38,480,000 | -31,757,000 | -25,571,000 | -158,423,000 | |||||||||||
due to affiliates | 6,910,000 | 6,060,000 | 10,859,000 | 8,980,000 | 9,219,000 | 6,586,000 | 7,377,000 | 10,252,000 | 7,856,000 | 6,329,000 | 7,598,000 | 4,481,000 | |||||||||||||
total stockholders' equity attributable to nfe | 1,762,350,000 | 285,534,000 | 90,741,000 | 143,003,000 | 71,524,000 | ||||||||||||||||||||
total stockholders' equity | 2,001,919,000 | 291,181,000 | 98,737,000 | 150,074,000 | 314,191,000 | ||||||||||||||||||||
total liabilities and stockholders' equity | 6,392,075,000 | 1,832,111,000 | 1,399,813,000 | 1,421,513,000 | 1,489,116,000 | 1,116,619,000 | |||||||||||||||||||
how we addressed the matter in our audit | |||||||||||||||||||||||||
description of the matter | |||||||||||||||||||||||||
commitments and contingences | |||||||||||||||||||||||||
class a shares, 0 shares issued and outstanding as of december 31, 2020; 23.6 million shares issued and outstanding as of december 31, 2019 | |||||||||||||||||||||||||
class b shares, 0 shares issued and outstanding as of december 31, 2020; 144.3 million shares, issued and outstanding as of december 31, 2019 | |||||||||||||||||||||||||
investment in equity securities | 164,000 | 323,000 | 140,000 | 2,540,000 | 1,529,000 | 2,854,000 | 4,552,000 | ||||||||||||||||||
treasury stock | -6,411,000 | ||||||||||||||||||||||||
class a shares, 0 shares issued and outstanding as of september 30, 2020; 23.6 million shares issued and outstanding as of december 31, 2019 | |||||||||||||||||||||||||
class b shares, 0 shares issued and outstanding as of september 30, 2020; 144.3 million shares, issued and outstanding as of december 31, 2019 | |||||||||||||||||||||||||
class a shares, 169,174,104 shares issued and 168,587,346 outstanding as of june 30, 2020; 23,607,096 shares issued and outstanding as of december 31, 2019 | 341,675,000 | ||||||||||||||||||||||||
treasury shares, 586,758 shares as of june 30, 2020, at cost; 0 shares at december 31, 2019, at cost | -6,172,000 | ||||||||||||||||||||||||
class b shares, 0 shares issued and outstanding as of june 30, 2020; 144,342,572 shares, issued and outstanding as of december 31, 2019 | |||||||||||||||||||||||||
right-of-use asset | 115,511,000 | ||||||||||||||||||||||||
class a shares, 24,820,003 shares issued and 24,236,495 outstanding as of march 31, 2020; 23,607,096 shares issued and outstanding as of december 31, 2019 | 133,166,000 | ||||||||||||||||||||||||
treasury shares, 583,508 shares as of march 31, 2020, at cost; 0 shares at december 31, 2019, at cost | -6,132,000 | ||||||||||||||||||||||||
class b shares, 144,342,572 shares, issued and outstanding as of march 31, 2020 and december 31, 2019 | |||||||||||||||||||||||||
accumulated other comprehensive loss | -83,000 | -30,000 | |||||||||||||||||||||||
intangibles | 43,540,000 | 40,693,000 | 42,008,000 | 42,297,000 | 43,057,000 | ||||||||||||||||||||
deferred tax asset | 34,000 | 38,000 | 20,000 | 78,000 | 185,000 | ||||||||||||||||||||
term loan facility | 492,762,000 | 490,523,000 | 488,331,000 | ||||||||||||||||||||||
deferred tax liability | 241,000 | 171,000 | 214,000 | 94,000 | |||||||||||||||||||||
members’ capital, no par value, 500,000,000 shares authorized, 67,983,095 shares issued and outstanding as of december 31, 2018 | |||||||||||||||||||||||||
class a shares, 23,607,096 shares, issued and outstanding as of december 31, 2019; 0 shares issued and outstanding as of december 31, 2018 | 130,658,000 | ||||||||||||||||||||||||
class b shares, 144,342,572 shares, issued and outstanding as of december 31, 2019; 0 shares issued and outstanding as of december 31, 2018 | |||||||||||||||||||||||||
class a shares, 22,892,293 shares, issued and outstanding as of september 30, 2019; 0 shares issued and outstanding as of december 31, 2018 | 123,760,000 | ||||||||||||||||||||||||
class b shares, 145,057,375 shares, issued and outstanding as of september 30, 2019; 0 shares issued and outstanding as of december 31, 2018 | |||||||||||||||||||||||||
accumulated other comprehensive gain | -19,000 | ||||||||||||||||||||||||
class a shares, 20,837,272 shares, issued and outstanding as of june 30, 2019; 0 shares issued and outstanding as of december 31, 2018 | 111,236,000 | ||||||||||||||||||||||||
class b shares, 147,058,824 shares, issued and outstanding as of june 30, 2019; 0 shares issued and outstanding as of december 31, 2018 | |||||||||||||||||||||||||
accumulated other comprehensive | |||||||||||||||||||||||||
class a shares, 20,837,272 shares issued and outstanding as of march 31, 2019; 0 shares issued and outstanding as of december 31, 2018 | 102,265,000 | ||||||||||||||||||||||||
class b shares, 147,058,824 shares issued and outstanding as of march 31, 2019; 0 shares issued and outstanding as of december 31, 2018 | |||||||||||||||||||||||||
available-for-sale investment | 3,656,000 | ||||||||||||||||||||||||
deferred tax liability, net. | |||||||||||||||||||||||||
members’ equity | 268,307,000 | ||||||||||||||||||||||||
members’ capital, no par value, 500,000,000 shares authorized, 67,983,095 shares issued and outstanding as of december 31, 2018; 65,665,037 shares issued and outstanding as of december 31, 2017 | 426,741,000 | ||||||||||||||||||||||||
stock subscription receivable | |||||||||||||||||||||||||
total members’ equity | 282,647,000 | ||||||||||||||||||||||||
total liabilities and members’ equity | 699,402,000 | ||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||
operating revenue | 96,906,000 | ||||||||||||||||||||||||
other revenue | 15,395,000 | ||||||||||||||||||||||||
total revenues | 112,301,000 | ||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||
cost of sales | 95,742,000 | ||||||||||||||||||||||||
operations and maintenance | 9,589,000 | ||||||||||||||||||||||||
selling, general and administrative | 62,137,000 | ||||||||||||||||||||||||
depreciation and amortization. | 3,321,000 | ||||||||||||||||||||||||
total operating expenses | 170,789,000 | ||||||||||||||||||||||||
operating income | -58,488,000 | ||||||||||||||||||||||||
interest expense | 11,248,000 | ||||||||||||||||||||||||
other (income) | -784,000 | ||||||||||||||||||||||||
loss on extinguishment of debt | 9,568,000 | ||||||||||||||||||||||||
income before taxes | -78,520,000 | ||||||||||||||||||||||||
tax (benefit) expense | -338,000 | ||||||||||||||||||||||||
net income | -78,182,000 | ||||||||||||||||||||||||
net income attributable to non-controlling interest | 106,000 | ||||||||||||||||||||||||
net income attributable to members | -78,076,000 | ||||||||||||||||||||||||
net income per share | -1,150 | ||||||||||||||||||||||||
weighted-average number of shares outstanding – basic and diluted | 67,932,825,000 | ||||||||||||||||||||||||
other comprehensive loss: | |||||||||||||||||||||||||
unrealized loss/(gain) on available-for-sale investment, net of tax expense of 0 | 2,677,000 | ||||||||||||||||||||||||
comprehensive loss | -80,859,000 | ||||||||||||||||||||||||
comprehensive loss attributable to non-controlling interest | 106,000 | ||||||||||||||||||||||||
comprehensive loss attributable to members | -80,753,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||
net loss | -400,604,000 | -17,769,000 | -1,734,000 | -39,509,000 | -485,000 | -36,906,000 | -166,519,000 | -60,055,000 | -38,370,000 | -54,424,000 | -51,233,000 | -60,292,000 | ||||||||||
adjustments for: | ||||||||||||||||||||||
amortization of deferred financing costs and debt guarantee | 7,268,000 | -665,000 | 3,424,000 | 4,613,000 | 15,793,000 | |||||||||||||||||
depreciation and amortization | 51,426,000 | 58,846,000 | 61,178,000 | 63,353,000 | 50,491,000 | 48,904,000 | 42,341,000 | 34,608,000 | 36,404,000 | 34,852,000 | 30,573,000 | 31,509,000 | 27,302,000 | 10,160,000 | 10,278,000 | 9,701,000 | 7,843,000 | 5,481,000 | 2,444,000 | 2,091,000 | 2,257,000 | 1,849,000 |
deferred taxes | -5,547,000 | -16,085,000 | 5,330,000 | -4,740,000 | -6,822,000 | -76,510,000 | -58,769,000 | -4,545,000 | -6,727,000 | 3,859,000 | -1,412,000 | 2,366,000 | 373,000 | 33,000 | -18,000 | 74,000 | -61,000 | 178,000 | 201,000 | |||
share-based compensation | 3,790,000 | 5,248,000 | 15,727,000 | 880,000 | 32,098,000 | 1,562,000 | 1,613,000 | 1,770,000 | 2,242,000 | 2,071,000 | 1,922,000 | 2,508,000 | 5,372,000 | 7,825,000 | ||||||||
asset impairment expense | 61,864,000 | 10,353,000 | 2,550,000 | |||||||||||||||||||
(earnings) recognized from vessels chartered to third parties transferred to energos | -6,241,000 | -1,527,000 | -10,247,000 | -13,082,000 | -23,952,000 | -31,954,000 | ||||||||||||||||
other | 2,015,000 | -31,208,000 | 37,184,000 | -6,635,000 | 12,697,000 | -10,224,000 | 14,525,000 | -2,090,000 | -26,822,000 | 997,000 | -5,343,000 | -203,000 | -118,000 | 393,000 | 2,446,000 | 988,000 | 819,000 | 88,000 | 340,000 | -441,000 | 28,000 | 204,000 |
changes in operating assets and liabilities: | ||||||||||||||||||||||
decrease in receivables | 89,168,000 | -8,656,000 | 28,136,000 | -19,223,000 | 5,752,000 | |||||||||||||||||
decrease in inventories | -34,887,000 | -33,765,000 | -1,510,000 | 7,622,000 | 45,020,000 | -5,171,000 | -3,461,000 | 34,830,000 | ||||||||||||||
decrease in other assets | -10,968,000 | -7,064,000 | 21,821,000 | -54,080,000 | -22,549,000 | 15,684,000 | ||||||||||||||||
decrease in right-of-use assets | 10,367,000 | 18,966,000 | 1,924,000 | 30,848,000 | 57,190,000 | 27,705,000 | 27,319,000 | 13,336,000 | 12,328,000 | 17,016,000 | 25,427,000 | 1,077,000 | -7,700,000 | 9,772,000 | 9,542,000 | 14,129,000 | ||||||
increase in accounts payable/accrued liabilities | 65,375,000 | 227,739,000 | -31,651,000 | 130,433,000 | 63,208,000 | -2,535,000 | 119,146,000 | -43,400,000 | 78,228,000 | 68,520,000 | 20,057,000 | -27,262,000 | 47,131,000 | -22,399,000 | 31,532,000 | 10,327,000 | 11,523,000 | 2,132,000 | -5,771,000 | 6,254,000 | -1,014,000 | 3,567,000 |
(decrease) in lease liabilities | -8,554,000 | -27,959,000 | 3,031,000 | -42,888,000 | -62,090,000 | -18,023,000 | -29,176,000 | -9,709,000 | -16,256,000 | -11,773,000 | -33,616,000 | -10,584,000 | -11,164,000 | -11,057,000 | -10,703,000 | -9,170,000 | ||||||
increase in other liabilities | 56,626,000 | 35,967,000 | -76,624,000 | 15,612,000 | -71,226,000 | 14,920,000 | 61,137,000 | 55,822,000 | -34,743,000 | 8,800,000 | -4,880,000 | 4,178,000 | 3,970,000 | -5,930,000 | 11,964,000 | 5,035,000 | -355,000 | |||||
net cash from operating activities | -118,902,000 | -191,031,000 | -352,451,000 | -31,705,000 | 70,050,000 | 33,307,000 | 303,737,000 | 200,140,000 | 264,006,000 | 114,382,000 | 224,457,000 | -28,335,000 | 634,000 | -111,986,000 | -9,856,000 | -35,387,000 | -29,012,000 | -51,311,000 | -79,500,000 | -62,693,000 | -61,020,000 | -31,048,000 |
cash flows from investing activities | ||||||||||||||||||||||
capital expenditures | -43,566,000 | -105,659,000 | -312,328,000 | -340,470,000 | -683,449,000 | -725,963,000 | -902,374,000 | -563,268,000 | -386,842,000 | -189,221,000 | -238,799,000 | -195,225,000 | -154,514,000 | -80,810,000 | -41,154,000 | -20,419,000 | -39,324,000 | -56,098,000 | -81,416,000 | -63,287,000 | -96,067,000 | -136,281,000 |
free cash flows | -162,468,000 | -296,690,000 | -664,779,000 | -372,175,000 | -613,399,000 | -692,656,000 | -598,637,000 | -363,128,000 | -122,836,000 | -74,839,000 | -14,342,000 | -223,560,000 | -153,880,000 | -192,796,000 | -51,010,000 | -55,806,000 | -68,336,000 | -107,409,000 | -160,916,000 | -125,980,000 | -157,087,000 | -167,329,000 |
other investing activities | -137,000 | 236,000 | 4,555,000 | -1,695,000 | 27,493,000 | 0 | -3,604,000 | -5,000,000 | -120,000 | -630,000 | ||||||||||||
net cash from investing activities | -43,566,000 | -105,796,000 | 637,364,000 | -335,915,000 | -219,780,000 | -698,470,000 | -903,824,000 | -463,268,000 | 113,234,000 | -189,221,000 | -242,403,000 | -200,225,000 | -1,740,676,000 | -90,257,000 | -41,927,000 | -20,360,000 | -39,296,000 | -56,048,000 | -81,129,000 | -63,158,000 | -95,880,000 | -135,997,000 |
cash flows from financing activities | ||||||||||||||||||||||
proceeds from borrowings of debt | 58,631,000 | 415,131,000 | 901,733,000 | 2,164,687,000 | 849,090,000 | 219,625,000 | 700,000,000 | 100,000,000 | 200,836,000 | 200,000,000 | 582,150,000 | 263,125,000 | 1,000,000,000 | 0 | 832,144,000 | 10,856,000 | 117,000,000 | 0 | 220,000,000 | |||
payments made for capital expenditures paid beyond customary vendor payment terms | -5,034,000 | |||||||||||||||||||||
payment of deferred financing costs | -1,467,000 | -7,000 | -1,681,000 | -26,093,000 | -25,781,000 | -11,405,000 | -756,000 | -5,903,000 | -1,505,000 | -3,504,000 | -1,965,000 | -14,857,000 | -20,319,000 | -670,000 | -9,400,000 | -13,499,000 | 469,000 | -14,069,000 | 0 | -3,859,000 | 0 | -4,400,000 |
repayment of debt | -906,000 | -202,134,000 | -726,125,000 | -664,062,000 | -1,944,044,000 | -1,080,000 | -2,342,000 | -123,669,000 | -231,128,000 | -214,023,000 | 0 | -983,600,000 | 0 | -506,402,000 | -1,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | ||||
payment of dividends | -5,000 | 446,000 | -3,460,000 | -32,326,000 | -23,522,000 | -27,122,000 | -649,796,000 | -23,901,000 | -23,773,000 | -23,705,000 | -23,705,000 | -23,689,000 | -17,657,000 | -16,871,000 | ||||||||
other financing activities | -3,601,000 | -327,000 | -2,655,000 | -3,662,000 | -4,919,000 | -8,144,000 | ||||||||||||||||
net cash from financing activities | -11,008,000 | -143,842,000 | -314,884,000 | 204,456,000 | 157,617,000 | 701,489,000 | 179,362,000 | 43,221,000 | 72,247,000 | 36,836,000 | -57,205,000 | 329,565,000 | 1,592,475,000 | -47,891,000 | 527,682,000 | -14,209,000 | 436,000 | 305,589,000 | 9,606,000 | 111,891,000 | -2,083,000 | 483,193,000 |
impact of changes in foreign exchange rates on cash and cash equivalents | 6,415,000 | 8,603,000 | 14,633,000 | 34,332,000 | -3,768,000 | -685,000 | 660,000 | 948,000 | 4,581,000 | 3,277,000 | ||||||||||||
net (decrease) in cash, cash equivalents and restricted cash | -167,061,000 | -218,959,000 | -25,024,000 | |||||||||||||||||||
cash, cash equivalents and restricted cash – beginning of period | 356,942,000 | 0 | 0 | 965,577,000 | 310,814,000 | 0 | 0 | 855,083,000 | 0 | 264,030,000 | 0 | 0 | 0 | 629,336,000 | 0 | 0 | 0 | 93,035,000 | 0 | 0 | 0 | 100,853,000 |
cash, cash equivalents and restricted cash – end of period | 189,881,000 | -432,066,000 | -15,338,000 | 836,745,000 | 314,933,000 | 35,641,000 | -420,065,000 | 636,124,000 | 451,094,000 | 239,006,000 | -70,570,000 | 104,282,000 | -148,884,000 | 379,202,000 | 475,899,000 | -69,956,000 | -67,872,000 | 291,265,000 | -151,023,000 | -13,960,000 | -158,983,000 | 417,001,000 |
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||||
changes in accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions | 35,205,000 | -98,183,000 | -62,874,000 | -90,891,000 | 384,121,000 | 348,737,000 | 19,838,000 | -78,505,000 | 101,782,000 | 59,202,000 | 26,311,000 | -8,104,000 | -1,598,000 | -16,443,000 | 13,359,000 | |||||||
accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions | 238,717,000 | -100,167,000 | 366,358,000 | |||||||||||||||||||
principal payments on financing obligation to energos by third-party charters | ||||||||||||||||||||||
net | ||||||||||||||||||||||
goodwill impairment expense | 0 | |||||||||||||||||||||
loss on extinguishment of debt | 0 | 9,754,000 | 0 | 0 | 9,557,000 | |||||||||||||||||
loss on sale | 1,705,000 | |||||||||||||||||||||
changes in operating assets and liabilities, net of jamaica business disposition: | ||||||||||||||||||||||
(increase) in receivables | -149,501,000 | -7,950,000 | -7,001,000 | -72,211,000 | 147,810,000 | -58,462,000 | -47,950,000 | -37,615,000 | 16,512,000 | -34,093,000 | -12,109,000 | -3,102,000 | ||||||||||
(increase) in other assets | -49,223,000 | -30,887,000 | -1,074,000 | -19,394,000 | -27,966,000 | -15,440,000 | -36,943,000 | -19,401,000 | -7,080,000 | 5,641,000 | ||||||||||||
sale of jamaica business | 0 | |||||||||||||||||||||
sale of equity method investment | 136,365,000 | 0 | 0 | 100,000,000 | ||||||||||||||||||
asset sales | 328,999,000 | |||||||||||||||||||||
net income | -556,827,000 | -197,373,000 | 56,670,000 | 62,338,000 | 120,100,000 | 151,566,000 | 65,805,000 | 241,181,000 | ||||||||||||||
net increase in cash, cash equivalents and restricted cash | -15,338,000 | -128,832,000 | 4,119,000 | 451,094,000 | -70,570,000 | 104,282,000 | -148,884,000 | -250,134,000 | 475,899,000 | -69,956,000 | -67,872,000 | 198,230,000 | -13,960,000 | -158,983,000 | 316,148,000 | |||||||
principal payments on financing obligation to energos by third party charters | -7,156,000 | -9,871,000 | ||||||||||||||||||||
proceeds held in escrow | ||||||||||||||||||||||
class a convertible preferred stock issued and debt assumed in the portocem acquisition | ||||||||||||||||||||||
loss on asset sales | 77,140,000 | |||||||||||||||||||||
loss on the disposal of equity method investment | 7,222,000 | 0 | 0 | 37,401,000 | ||||||||||||||||||
(decrease) in amounts due to affiliates | -6,780,000 | -3,479,000 | 849,000 | |||||||||||||||||||
movement in credit loss allowances | 11,588,000 | |||||||||||||||||||||
(increase) in inventories | -85,539,000 | 31,472,000 | -58,439,000 | -2,271,000 | -18,617,000 | -37,679,000 | -9,002,000 | 7,379,000 | -11,043,000 | |||||||||||||
losses of equity method investees | -489,000 | |||||||||||||||||||||
dividends received from equity method investees | 0 | 0 | 5,830,000 | 6,177,000 | 7,609,000 | 7,106,000 | 6,873,000 | |||||||||||||||
change in market value of derivatives | -3,244,000 | -2,758,000 | 3,330,000 | -24,855,000 | -3,736,000 | 2,118,000 | ||||||||||||||||
earnings recognized from vessels chartered to third parties transferred to energos | -41,072,000 | |||||||||||||||||||||
loss on sale of net investment in lease | 0 | |||||||||||||||||||||
increase in amounts due to affiliates | -2,519,000 | 2,035,000 | 1,879,000 | -239,000 | 2,633,000 | -791,000 | -2,875,000 | 2,396,000 | 1,527,000 | -1,269,000 | 3,117,000 | |||||||||||
proceeds from sale of net investment in lease | ||||||||||||||||||||||
payments related to tax withholdings for share-based compensation | 0 | -5,000 | -13,054,000 | -407,000 | 0 | -153,000 | -29,564,000 | -57,000 | -239,000 | -33,000 | -6,084,000 | |||||||||||
principal payments on financing obligation to energos by third party charterers | -19,199,000 | -21,188,000 | -11,648,000 | |||||||||||||||||||
shares received in hilli exchange | 0 | 0 | -122,754,000 | |||||||||||||||||||
drydocking expenditure | -2,454,000 | |||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | ||||||||||||||||||||||
repurchase obligation | ||||||||||||||||||||||
(earnings) of equity method investees | -9,980,000 | -50,235,000 | ||||||||||||||||||||
loss (earnings) of equity method investees | 117,793,000 | |||||||||||||||||||||
change in fair market value of derivatives | ||||||||||||||||||||||
contract termination charges and loss on mitigation sales | ||||||||||||||||||||||
changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||||
cash paid for business combinations, net of cash acquired | 0 | 0 | ||||||||||||||||||||
entities acquired in asset acquisitions, net of cash acquired | 0 | 0 | 0 | -8,817,000 | ||||||||||||||||||
proceeds from the sale of net investment in lease | 0 | |||||||||||||||||||||
proceeds received from sale of equity method investment | ||||||||||||||||||||||
proceeds from issuance of class a common stock | ||||||||||||||||||||||
payment of stock issuance costs | ||||||||||||||||||||||
earnings recognized from vessels chartered to third parties by energos | ||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 12,979,000 | |||||||||||||||||||||
(decrease) in other liabilities | -21,527,000 | -1,119,000 | -477,000 | |||||||||||||||||||
liabilities associated with consideration paid for entities acquired in asset acquisitions | 561,000 | 0 | -1,886,000 | 11,845,000 | ||||||||||||||||||
sales-type lease payments received in excess of interest income | 890,000 | -930,000 | ||||||||||||||||||||
loss on extinguishment and financing expenses | ||||||||||||||||||||||
change in value of investment of equity securities | -989,000 | -7,177,000 | ||||||||||||||||||||
proceeds from ipo | 0 | 0 | 0 | 274,948,000 | ||||||||||||||||||
consideration paid in shares for business combinations | 0 | 0 | ||||||||||||||||||||
cash paid for interest, net of capitalized interest | ||||||||||||||||||||||
cash paid for taxes | ||||||||||||||||||||||
earnings of equity method investees | ||||||||||||||||||||||
increase in lease liabilities | ||||||||||||||||||||||
amortization of deferred financing costs | 400,000 | 570,000 | 2,984,000 | 3,612,000 | 3,353,000 | 1,723,000 | 1,561,000 | 1,608,000 | 981,000 | |||||||||||||
non-cash contract termination charges and loss on mitigation sales | -52,396,000 | |||||||||||||||||||||
acquisition of consolidated subsidiary | ||||||||||||||||||||||
capital contributed from members | ||||||||||||||||||||||
collection of subscription receivable | ||||||||||||||||||||||
loss on extinguishment of debt and financing expenses | ||||||||||||||||||||||
change in value of investment in equity securities | 159,000 | -183,000 | 2,400,000 | -1,011,000 | 1,325,000 | 1,698,000 | -896,000 | |||||||||||||||
principal payments received on finance lease | 59,000 | 28,000 | 50,000 | 287,000 | 129,000 | 187,000 | 284,000 | |||||||||||||||
payment of offering costs | 0 | -833,000 | -6,105,000 | |||||||||||||||||||
decrease in right-of-use asset | 9,263,000 | |||||||||||||||||||||
loss on mitigation sales | ||||||||||||||||||||||
purchase of investment in equity securities | ||||||||||||||||||||||
repayment of affiliate note | ||||||||||||||||||||||
proceeds from note due to affiliate | ||||||||||||||||||||||
changes in accrued construction in progress costs and property, plant and equipment | 3,302,000 | -21,942,000 | -32,946,000 | |||||||||||||||||||
equity-based compensation | 19,037,000 | |||||||||||||||||||||
increase in property tax payable | ||||||||||||||||||||||
purchase of available-for-sale investment | ||||||||||||||||||||||
decrease in restricted cash | ||||||||||||||||||||||
proceeds from (and repayment of) affiliate note | ||||||||||||||||||||||
net increase in cash and cash equivalents | ||||||||||||||||||||||
cash and cash equivalents – beginning of period | ||||||||||||||||||||||
cash and cash equivalents – end of period |