$NFE
New Fortress Energy Inc.

2020 Q1 Form 10-Q Financial Statement

#000114036120010751 Filed on May 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $74.53M $69.75M $29.95M
YoY Change 148.84% 122.36% 16.5%
Cost Of Revenue $68.22M $60.10M $33.35M
YoY Change 104.55% 121.77% 60.33%
Gross Profit $6.314M $9.600M -$3.398M
YoY Change -285.82% 123.26% -169.35%
Gross Profit Margin 8.47% 13.76% -11.35%
Selling, General & Admin $28.54M $38.40M $49.75M
YoY Change -42.64% 52.99% 263.13%
% of Gross Profit 451.98% 400.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.481M $2.440M $1.849M
YoY Change 196.43% 93.65% 115.0%
% of Gross Profit 86.81% 25.42%
Operating Expenses $28.54M $40.60M $49.75M
YoY Change -42.64% 54.96% 245.48%
Operating Profit -$36.17M -$36.25M -$59.34M
YoY Change -39.04% 65.09% 526.91%
Interest Expense $13.89M -$5.000M $3.284M
YoY Change 322.96% 2.04% -305.25%
% of Operating Profit
Other Income/Expense, Net -$611.0K $2.900M $2.575M
YoY Change -123.73% 866.67%
Pretax Income -$60.23M -$38.30M -$60.05M
YoY Change 0.3% 7.89% 440.95%
Income Tax -$4.000K $100.0K $246.0K
% Of Pretax Income
Net Earnings -$8.466M -$7.343M -$13.56M
YoY Change -37.55% -78.86% 24.23%
Net Earnings / Revenue -11.36% -10.53% -45.26%
Basic Earnings Per Share -$0.32
Diluted Earnings Per Share -$0.32 -$299.2K -$964.5K
COMMON SHARES
Basic Shares Outstanding 26.03M
Diluted Shares Outstanding 26.03M

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $232.7M $27.10M $359.5M
YoY Change -35.27% -65.39%
Cash & Equivalents $232.7M $27.10M $417.0M
Short-Term Investments
Other Short-Term Assets $21.12M $23.60M $12.40M
YoY Change 70.31% 118.78%
Inventory $28.60M $63.43M $27.00M
Prepaid Expenses $5.251M $7.458M
Receivables $45.98M $49.89M $31.60M
Other Receivables $0.00 $1.100M $1.000M
Total Short-Term Assets $414.6M $211.1M $431.5M
YoY Change -3.91% 37.29%
LONG-TERM ASSETS
Property, Plant & Equipment $928.2M $658.8M $446.0M
YoY Change 108.12% 88.93%
Goodwill
YoY Change
Intangibles $42.28M $43.54M
YoY Change 1.12%
Long-Term Investments $100.0K $2.500M $4.600M
YoY Change -97.83% -32.43%
Other Assets $74.03M $84.17M $100.4M
YoY Change -26.27% 138.73%
Total Long-Term Assets $1.075B $912.7M $685.1M
YoY Change 56.84% 67.28%
TOTAL ASSETS
Total Short-Term Assets $414.6M $211.1M $431.5M
Total Long-Term Assets $1.075B $912.7M $685.1M
Total Assets $1.489B $1.124B $1.117B
YoY Change 33.36% 60.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.26M $11.59M $28.20M
YoY Change -24.62% -73.15%
Accrued Expenses $68.53M $54.94M $53.90M
YoY Change 27.14% -18.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $488.3M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $151.7M $102.3M $594.7M
YoY Change -74.5% -74.73%
LONG-TERM LIABILITIES
Long-Term Debt $945.2M $619.1M $0.00
YoY Change
Other Long-Term Liabilities $13.31M $14.93M $12.40M
YoY Change 7.3% 24.41%
Total Long-Term Liabilities $958.5M $634.0M $12.40M
YoY Change 7629.95% 5183.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $151.7M $102.3M $594.7M
Total Long-Term Liabilities $958.5M $634.0M $12.40M
Total Liabilities $1.175B $736.5M $1.040B
YoY Change 12.98% 76.72%
SHAREHOLDERS EQUITY
Retained Earnings -$55.43M -$45.82M
YoY Change -71.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $583.5K $0.00
Shareholders Equity $71.52M $84.81M $76.70M
YoY Change
Total Liabilities & Shareholders Equity $1.489B $1.124B $1.117B
YoY Change 33.36% 60.68%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income -$8.466M -$7.343M -$13.56M
YoY Change -37.55% -78.86% 24.23%
Depreciation, Depletion And Amortization $5.481M $2.440M $1.849M
YoY Change 196.43% 93.65% 115.0%
Cash From Operating Activities -$51.31M -$79.50M -$31.05M
YoY Change 65.26% 98.4% 72.78%
INVESTING ACTIVITIES
Capital Expenditures $56.10M -$81.41M $136.3M
YoY Change -58.84% 19.21% -430.7%
Acquisitions $0.00
YoY Change
Other Investing Activities $50.00K $290.0K $280.0K
YoY Change -82.14% -102.63% 16.67%
Cash From Investing Activities -$56.05M -$81.12M -$136.0M
YoY Change -58.79% 2.28% 231.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 305.6M 9.610M 483.2M
YoY Change -36.76% -92.87% 603.44%
NET CHANGE
Cash From Operating Activities -51.31M -79.50M -31.05M
Cash From Investing Activities -56.05M -81.12M -136.0M
Cash From Financing Activities 305.6M 9.610M 483.2M
Net Change In Cash 198.2M -151.0M 316.1M
YoY Change -37.3% -1085.7% 3142.54%
FREE CASH FLOW
Cash From Operating Activities -$51.31M -$79.50M -$31.05M
Capital Expenditures $56.10M -$81.41M $136.3M
Free Cash Flow -$107.4M $1.910M -$167.3M
YoY Change -35.81% -93.23% -820.0%

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CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
227000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
222000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
33454000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
27296000
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
33803000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18291000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35382000
CY2020Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
24446000
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
26600000
CY2019Q4 us-gaap Liabilities
Liabilities
736490000
CY2020Q1 us-gaap Liabilities
Liabilities
1174925000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1123814000
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
102263000
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
151651000
CY2020Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
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CY2019Q4 us-gaap Long Term Debt
LongTermDebt
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CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
945209000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
619057000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2020Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
3155000
CY2019Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1250000
CY2020Q1 us-gaap Minority Interest
MinorityInterest
242667000
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
115511000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0
CY2019Q4 us-gaap Minority Interest
MinorityInterest
302519000
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"><tr style="vertical-align: top;"><td style="vertical-align: top; width: 18pt;"><div><font style="font-weight: bold; color: rgb(0, 0, 0);">1.</font></div></td><td style="vertical-align: top;"><div><font style="font-weight: bold; color: rgb(0, 0, 0);">Organization</font></div></td></tr></table><div><br /></div><div style="margin-left: 19.8pt; color: #000000;">New Fortress Energy LLC (&#8220;NFE,&#8221; together with its subsidiaries, the &#8220;Company&#8221;) is a Delaware limited liability company formed by New Fortress Energy Holdings LLC (&#8220;New Fortress Energy Holdings&#8221;) on August 6, 2018. The Company is a global integrated gas-to-power infrastructure company that seeks to use natural gas to satisfy the world&#8217;s large and growing power needs and is engaged in providing energy and logistical services to end-users worldwide seeking to convert their operating assets from diesel or heavy fuel oil to LNG. The Company currently sources LNG from a combination of its own liquefaction facility in Miami, Florida and purchases on the open market. The Company has liquefaction, regasification, and power generation operations in the United States and Jamaica.</div><div><br /></div><div style="color: rgb(0, 0, 0); margin-left: 18pt;">The Company manages, analyzes and reports on its business and results of operations on the basis of one operating segment. The chief operating decision maker makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis.</div></div>
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2019Q1 us-gaap Operating Leases Rent Expense Net
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CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2020Q1 us-gaap Operating Lease Liability Current
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CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
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CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
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CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
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CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
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CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
132333000
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
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CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
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CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-369000
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-88000
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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CY2020Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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CY2019Q4 us-gaap Other Assets Current
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CY2020Q1 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2019Q4 us-gaap Other Assets Noncurrent
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CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-369000
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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0
CY2020Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2575000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
14929000
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2019Q4 us-gaap Other Accrued Liabilities Current
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CY2020Q1 us-gaap Other Accrued Liabilities Current
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CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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CY2019Q1 us-gaap Payments Of Financing Costs
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4400000
CY2019Q1 us-gaap Payments Of Stock Issuance Costs
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CY2020Q1 us-gaap Payments Of Stock Issuance Costs
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CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2019Q4 us-gaap Prepaid Expense Current
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CY2020Q1 us-gaap Prepaid Expense Current
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CY2020Q1 us-gaap Proceeds From Collection Of Lease Receivables
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CY2019Q1 us-gaap Proceeds From Collection Of Lease Receivables
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CY2020Q1 us-gaap Proceeds From Issuance Of Medium Term Notes
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CY2019Q1 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
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CY2020Q1 us-gaap Proceeds From Issuance Initial Public Offering
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CY2019Q1 us-gaap Proceeds From Issuance Initial Public Offering
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CY2020Q1 us-gaap Proceeds From Legal Settlements
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CY2020Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020Q1 us-gaap Related Party Transaction Amounts Of Transaction
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CY2019Q1 us-gaap Related Party Transaction Amounts Of Transaction
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CY2019Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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2779000
CY2020Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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2231000
CY2020Q1 us-gaap Repayments Of Debt
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CY2019Q1 us-gaap Repayments Of Debt
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1250000
CY2020Q1 us-gaap Restricted Cash
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CY2019Q4 us-gaap Restricted Cash
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CY2020Q1 us-gaap Restricted Cash Noncurrent
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CY2019Q4 us-gaap Restricted Cash Noncurrent
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CY2020Q1 us-gaap Restricted Cash Current
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32512000
CY2019Q4 us-gaap Restricted Cash Current
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CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
226728000
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
226000000
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
225283000
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26138000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63502000
CY2019Q1 us-gaap Revenues
Revenues
29951000
CY2020Q1 us-gaap Revenues
Revenues
74530000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
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CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
226000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
298000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
303000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
1064000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
2272000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
1208000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
304000
CY2020Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
304000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
49749000
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28370000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
19037000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2508000
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
286000
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2508000
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
19037000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
71524000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
314191000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
282647000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
509402000
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
583508
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q1 us-gaap Unbilled Receivables Current
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356000
CY2020Q1 us-gaap Unbilled Contracts Receivable
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CY2020Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1617000
CY2019Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2020Q1 nfe Equity Securities Number Of Shares
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CY2019Q4 nfe Equity Securities Number Of Shares
EquitySecuritiesNumberOfShares
295256000
CY2019Q4 nfe Other Restricted Cash
OtherRestrictedCash
250000
CY2020Q1 nfe Other Restricted Cash
OtherRestrictedCash
250000
CY2019Q4 nfe Cash Collateral For Performance Under Customer Agreements
CashCollateralForPerformanceUnderCustomerAgreements
15000000
CY2020Q1 nfe Cash Collateral For Performance Under Customer Agreements
CashCollateralForPerformanceUnderCustomerAgreements
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CY2019Q4 nfe Cash Collateral For Letter Of Credit And Performance Bonds
CashCollateralForLetterOfCreditAndPerformanceBonds
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CY2020Q1 nfe Cash Collateral For Letter Of Credit And Performance Bonds
CashCollateralForLetterOfCreditAndPerformanceBonds
6018000
CY2020Q1 nfe Cash Collateral For Liquefied Natural Gas
CashCollateralForLiquefiedNaturalGas
29168000
CY2019Q4 nfe Cash Collateral For Liquefied Natural Gas
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35000000
CY2020Q1 us-gaap Use Of Estimates
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<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"><tr style="vertical-align: top;"><td style="vertical-align: top; width: 18pt;"><div><font style="color: rgb(0, 0, 0);">(b)</font></div></td><td style="align: left; vertical-align: top; width: auto;"><div><font style="color: rgb(0, 0, 0);">Use of estimates</font></div></td></tr></table><div><br /></div><div style="margin-left: 19.8pt; color: #000000;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include relative fair value allocation between revenue and lease components of contracts with customers, total consideration and fair value of identifiable net assets related to acquisitions, and the fair value of equity awards granted to both employees and non-employees. Management evaluates its estimates and related assumptions regularly. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.</div></div>
CY2019Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
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CY2020Q1 us-gaap Variable Lease Cost
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CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020Q1 nfe Construction In Progress Additions
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64300000
CY2020Q1 nfe Construction In Progress Transferred To Property Plant And Equipment Net
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197241000
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30563000
CY2020Q1 nfe Revenue From Contract With Customer Trade Receivables
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28195000
CY2017Q4 nfe Tangible Personal Property Tax Paid
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1204000
CY2018Q4 nfe Tangible Personal Property Tax Paid
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1033000
CY2019Q4 nfe Prepaid Liquefied Natural Gas
PrepaidLiquefiedNaturalGas
7097000
CY2020Q1 nfe Prepaid Liquefied Natural Gas
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46989000
CY2020Q1 nfe Lease Cost Related Cost Of Sales
LeaseCostRelatedCostOfSales
9351000
CY2020Q1 nfe Lease Cost Related To Selling General And Administrative Expenses
LeaseCostRelatedToSellingGeneralAndAdministrativeExpenses
1453000
CY2020Q1 nfe Lease Cost Related To Operations And Maintenance
LeaseCostRelatedToOperationsAndMaintenance
388000
CY2019Q1 nfe Loss On Mitigation Sales
LossOnMitigationSales
0
CY2020Q1 nfe Loss On Mitigation Sales
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208000
CY2020Q1 nfe Other Revenues
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11028000
CY2019Q1 nfe Other Revenues
OtherRevenues
3813000
CY2019Q4 nfe Debt Service Reserve Account
DebtServiceReserveAccount
8299000
CY2020Q1 nfe Debt Service Reserve Account
DebtServiceReserveAccount
8131000
CY2020Q1 nfe Number Of Performance Obligations
NumberOfPerformanceObligations
1
CY2020Q1 nfe Percentage Of Economic Interest
PercentageOfEconomicInterest
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CY2019Q1 nfe Percentage Of Economic Interest
PercentageOfEconomicInterest
0.880
CY2020Q1 nfe Percentage Of Voting Interest
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0.856
CY2019Q1 nfe Percentage Of Voting And Non Economic Interest
PercentageOfVotingAndNonEconomicInterest
0.880
CY2020Q1 nfe Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
6732000
CY2019Q4 nfe Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
0
CY2020Q1 nfe Upfront Payments To Customers Non Current
UpfrontPaymentsToCustomersNonCurrent
5819000
CY2019Q4 nfe Upfront Payments To Customers Non Current
UpfrontPaymentsToCustomersNonCurrent
5904000
CY2020Q1 nfe Number Of Sales Contracts
NumberOfSalesContracts
2
CY2020Q1 nfe Nonrefundable Deposit Noncurrent
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24439000
CY2019Q4 nfe Nonrefundable Deposit Noncurrent
NonrefundableDepositNoncurrent
22262000
CY2020Q1 nfe Port Access Rights And Initial Lease Costs Noncurrent
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0
CY2019Q4 nfe Port Access Rights And Initial Lease Costs Noncurrent
PortAccessRightsAndInitialLeaseCostsNoncurrent
17762000
CY2020Q1 nfe Changes In Accounts Payable And Accrued Liabilities Associated With Construction In Progress Costs And Property Plant And Equipment
ChangesInAccountsPayableAndAccruedLiabilitiesAssociatedWithConstructionInProgressCostsAndPropertyPlantAndEquipment
13359000
CY2019Q1 nfe Changes In Accounts Payable And Accrued Liabilities Associated With Construction In Progress Costs And Property Plant And Equipment
ChangesInAccountsPayableAndAccruedLiabilitiesAssociatedWithConstructionInProgressCostsAndPropertyPlantAndEquipment
-32946000
CY2019Q1 nfe Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
0
CY2020Q1 nfe Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
9170000
CY2019Q1 nfe Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
0
CY2020Q1 nfe Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
9263000
CY2019Q1 nfe Effects Of Reorganization Transactions Value
EffectsOfReorganizationTransactionsValue
0

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