2022 Q1 Form 10-Q Financial Statement

#000174972322000010 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $505.1M $145.7M
YoY Change 246.72% 95.47%
Cost Of Revenue $208.3M $96.67M
YoY Change 115.47% 41.71%
Gross Profit $296.8M $49.01M
YoY Change 505.59% 676.26%
Gross Profit Margin 58.76% 33.64%
Selling, General & Admin $48.04M $33.62M
YoY Change 42.91% 17.8%
% of Gross Profit 16.19% 68.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.85M $10.16M
YoY Change 243.03% 85.37%
% of Gross Profit 11.74% 20.73%
Operating Expenses $48.04M $33.62M
YoY Change 42.91% 17.8%
Operating Profit $166.5M -$22.31M
YoY Change -846.1% -38.32%
Interest Expense $44.92M $18.68M
YoY Change 140.45% 34.49%
% of Operating Profit 26.98%
Other Income/Expense, Net $19.73M $604.0K
YoY Change 3165.73% -198.85%
Pretax Income $141.3M -$40.39M
YoY Change -449.79% -32.94%
Income Tax -$49.68M -$877.0K
% Of Pretax Income -35.17%
Net Earnings $238.3M -$37.90M
YoY Change -728.63% 347.71%
Net Earnings / Revenue 47.17% -26.02%
Basic Earnings Per Share $1.14 -$0.21
Diluted Earnings Per Share $1.13 -$0.21
COMMON SHARES
Basic Shares Outstanding 209.9M shares 176.5M shares
Diluted Shares Outstanding 210.1M shares 176.5M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $156.2M $360.1M
YoY Change -56.63% 54.75%
Cash & Equivalents $156.2M $379.2M
Short-Term Investments
Other Short-Term Assets $21.37M $30.92M
YoY Change -30.89% 46.42%
Inventory $54.27M $28.03M
Prepaid Expenses $22.44M $6.806M
Receivables $238.6M $101.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $606.3M $548.2M
YoY Change 10.6% 32.22%
LONG-TERM ASSETS
Property, Plant & Equipment $3.818B $1.076B
YoY Change 254.75% 15.96%
Goodwill $760.1M
YoY Change
Intangibles $135.7M $65.93M
YoY Change 105.74% 55.96%
Long-Term Investments $1.327B
YoY Change
Other Assets $102.1M $114.1M
YoY Change -10.52% 54.19%
Total Long-Term Assets $6.759B $1.284B
YoY Change 426.48% 19.49%
TOTAL ASSETS
Total Short-Term Assets $606.3M $548.2M
Total Long-Term Assets $6.759B $1.284B
Total Assets $7.366B $1.832B
YoY Change 302.04% 23.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.13M $28.00M
YoY Change 189.74% 31.73%
Accrued Expenses $252.9M $88.81M
YoY Change 184.72% 29.59%
Deferred Revenue $18.93M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.7M
YoY Change
Total Short-Term Liabilities $578.3M $195.9M
YoY Change 195.22% 29.18%
LONG-TERM LIABILITIES
Long-Term Debt $3.837B $1.240B
YoY Change 209.45% 31.17%
Other Long-Term Liabilities $57.50M $100.1M
YoY Change -42.55% 652.35%
Total Long-Term Liabilities $3.894B $1.340B
YoY Change 190.63% 39.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $578.3M $195.9M
Total Long-Term Liabilities $3.894B $1.340B
Total Liabilities $5.048B $1.547B
YoY Change 226.39% 31.63%
SHAREHOLDERS EQUITY
Retained Earnings $105.9M
YoY Change
Common Stock $2.076M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.114B $285.5M
YoY Change
Total Liabilities & Shareholders Equity $7.366B $1.832B
YoY Change 302.04% 23.03%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $238.3M -$37.90M
YoY Change -728.63% 347.71%
Depreciation, Depletion And Amortization $34.85M $10.16M
YoY Change 243.03% 85.37%
Cash From Operating Activities $114.4M -$112.0M
YoY Change -202.14% 118.25%
INVESTING ACTIVITIES
Capital Expenditures $189.2M $80.81M
YoY Change 134.16% 44.05%
Acquisitions $8.817M
YoY Change
Other Investing Activities $0.00 $630.0K
YoY Change -100.0% 1160.0%
Cash From Investing Activities -$189.2M -$90.26M
YoY Change 109.65% 61.04%
FINANCING ACTIVITIES
Cash Dividend Paid $23.77M $17.66M
YoY Change 34.64%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $36.84M -$47.89M
YoY Change -176.92% -115.67%
NET CHANGE
Cash From Operating Activities $114.4M -$112.0M
Cash From Investing Activities -$189.2M -$90.26M
Cash From Financing Activities $36.84M -$47.89M
Net Change In Cash -$25.02M -$250.1M
YoY Change -90.0% -226.18%
FREE CASH FLOW
Cash From Operating Activities $114.4M -$112.0M
Capital Expenditures $189.2M $80.81M
Free Cash Flow -$74.84M -$192.8M
YoY Change -61.18% 79.5%

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CY2022Q1 us-gaap Nature Of Operations
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Organization<div style="margin-top:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">New Fortress Energy Inc. (“NFE,” together with its subsidiaries, the “Company”), a Delaware corporation, is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable and clean energy. The Company owns and operates natural gas and liquefied natural gas ("LNG") infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. The Company has liquefaction, regasification and power generation operations in the United States, Jamaica and Brazil. Subsequent to the Mergers (defined below), the Company has marine operations with vessels operating under time charters and in the spot market globally.</span></div><div><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On April 15, 2021, the Company completed the acquisitions of Hygo Energy Transition Ltd. (“Hygo”) and Golar LNG Partners LP (“GMLP”); referred to as the “Hygo Merger” and “GMLP Merger,” respectively and, collectively, the “Mergers.” </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As a result of the Hygo Merger, the Company acquired a </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">50% </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">interest in a 1.5GW power plant in Sergipe, Brazil (the “Sergipe Power Plant”) and its operating FSRU terminal in Sergipe, Brazil (the “Sergipe Facility”), as well as a terminal and power plant under development in the State of Pará, Brazil </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(the “Barcarena Facility” and "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Barcarena Power Plant," respectively), a terminal under development on the southern coast of Brazil </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(the “Santa Catarina Facility”)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> and the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Nanook</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">, a newbuild FSRU moored and in service at the Sergipe Facility. As a result of the Mergers, the Company acquired a fleet of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">six </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">other FSRUs, </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">six</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> LNG carriers and an interest in a floating liquefaction vessel, the Hilli Episeyo (the “Hilli”), each of which are expected to help support the Company’s existing facilities and international project pipeline. Acquired FSRUs are operating in Brazil, Kuwait, Indonesia and Jordan under time charters, and uncontracted vessels are available for short term employment in the spot market.</span></div><div style="margin-top:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company currently conducts its business through two operating segments, Terminals and Infrastructure and Ships. The business and reportable segment information reflect how the Chief Operating Decision Maker (“CODM”) regularly reviews and manages the business.</span></div>
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CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
11745000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
470000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
693000 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4225000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
722000 USD
CY2022Q1 nfe Lease Cost Related Cost Of Sales
LeaseCostRelatedCostOfSales
20903000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
66326000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
3607000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
72928000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4362000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
66582000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4381000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
58126000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4381000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
50123000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2625000 USD
CY2022Q1 nfe Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
233102000 USD
CY2022Q1 nfe Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
1029000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
547187000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
20385000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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168155000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2466000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
379032000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
17919000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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56616000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3936000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
322416000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13983000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.084
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.087
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.051
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.051
CY2022Q1 us-gaap Deferred Finance Costs Net
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40339000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
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40125000 USD
CY2022Q1 nfe Unrealized Gain Loss On Derivatives And Equity Agreement
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-446000 USD
CY2021Q1 nfe Unrealized Gain Loss On Derivatives And Equity Agreement
UnrealizedGainLossOnDerivativesAndEquityAgreement
-425000 USD
CY2021Q4 nfe Cash Collateral For Interest Rate Swaps
CashCollateralForInterestRateSwaps
12500000 USD
CY2022Q1 nfe Cash Collateral For Interest Rate Swaps
CashCollateralForInterestRateSwaps
12500000 USD
CY2021Q4 nfe Other Restricted Cash
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756000 USD
CY2022Q1 us-gaap Restricted Cash
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82833000 USD
CY2022Q1 nfe Cash Collateral Held By Lessor Variable Interest Entities
CashCollateralHeldByLessorVariableInterestEntities
41944000 USD
CY2021Q4 nfe Cash Collateral Held By Lessor Variable Interest Entities
CashCollateralHeldByLessorVariableInterestEntities
35651000 USD
CY2022Q1 nfe Cash Collateral For Performance Under Customer Agreements
CashCollateralForPerformanceUnderCustomerAgreements
27633000 USD
CY2021Q4 nfe Cash Collateral For Performance Under Customer Agreements
CashCollateralForPerformanceUnderCustomerAgreements
27614000 USD
CY2022Q1 nfe Cash Collateral For Interest Rate Swaps
CashCollateralForInterestRateSwaps
12500000 USD
CY2021Q4 nfe Cash Collateral For Interest Rate Swaps
CashCollateralForInterestRateSwaps
12500000 USD
CY2022Q1 nfe Other Restricted Cash
OtherRestrictedCash
756000 USD
CY2021Q4 us-gaap Restricted Cash
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76521000 USD
CY2022Q1 us-gaap Restricted Cash Current
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74873000 USD
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
68561000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
7960000 USD
CY2021Q4 us-gaap Due From Affiliate Current
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3299000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
7960000 USD
CY2022Q1 us-gaap Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
27744000 USD
CY2021Q4 us-gaap Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
16815000 USD
CY2022Q1 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
8236000 USD
CY2021Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
4789000 USD
CY2022Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
18293000 USD
CY2021Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
15578000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
54273000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
37182000 USD
CY2022Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2021Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2022Q1 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
3236000 USD
CY2022Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22435000 USD
CY2021Q4 us-gaap Prepaid Expense Current
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19951000 USD
CY2022Q1 nfe Recoverable Taxes Current
RecoverableTaxesCurrent
35352000 USD
CY2021Q4 nfe Recoverable Taxes Current
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33053000 USD
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
21369000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
26812000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
82392000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
83115000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
26109000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
9842000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1182013000 USD
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7609000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
50235000 USD
CY2022Q1 nfe Equity Method Investments Foreign Currency Translation Adjustment
EquityMethodInvestmentsForeignCurrencyTranslationAdjustment
102805000 USD
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1327444000 USD
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1327444000 USD
CY2022Q1 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
739659000 USD
CY2021Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
792995000 USD
CY2021Q1 us-gaap Interest Costs Capitalized
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2641000 USD
CY2021Q4 us-gaap Construction In Progress Gross
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1043883000 USD
CY2022Q1 nfe Construction In Progress Additions
ConstructionInProgressAdditions
196946000 USD
CY2022Q1 nfe Construction In Progress Impact Of Changes In Foreign Exchange Rates
ConstructionInProgressImpactOfChangesInForeignExchangeRates
40327000 USD
CY2022Q1 nfe Construction In Progress Transferred To Property Plant And Equipment Net Or Finance Leases
ConstructionInProgressTransferredToPropertyPlantAndEquipmentNetOrFinanceLeases
42843000 USD
CY2022Q1 us-gaap Construction In Progress Gross
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1238313000 USD
CY2022Q1 us-gaap Interest Costs Capitalized
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13137000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
168404000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
141915000 USD
CY2022Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2160025000 USD
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2137936000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
31378000 USD
CY2022Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
8691000 USD
CY2021 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
5914000 USD
CY2021Q4 us-gaap Goodwill
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CY2022Q1 us-gaap Goodwill
Goodwill
760135000 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
174049000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
41574000 USD
CY2022Q1 nfe Intangible Assets Foreign Currency Translation Gain Loss
IntangibleAssetsForeignCurrencyTranslationGainLoss
3175000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
135650000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
174049000 USD
CY2021 nfe Intangible Assets Foreign Currency Translation Gain Loss
IntangibleAssetsForeignCurrencyTranslationGainLoss
273000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
142944000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8343000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
295000 USD
CY2022Q1 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
18681000 USD
CY2021Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
18873000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
34738000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
36757000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
10226000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
10377000 USD
CY2022Q1 nfe Upfront Payments To Customers Non Current
UpfrontPaymentsToCustomersNonCurrent
9601000 USD
CY2021Q4 nfe Upfront Payments To Customers Non Current
UpfrontPaymentsToCustomersNonCurrent
9748000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
28890000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
22663000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
102136000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
98418000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-192000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
137000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
7678000 USD
CY2022Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
7678000 USD
CY2022Q1 nfe Number Of Sales Contracts
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2 salesContract
CY2022Q1 us-gaap Construction Payable Current
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109597000 USD
CY2021Q4 us-gaap Construction Payable Current
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101177000 USD
CY2022Q1 nfe Accrued Vessel Operating And Drydocking Expenses Current
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31951000 USD
CY2021Q4 nfe Accrued Vessel Operating And Drydocking Expenses Current
AccruedVesselOperatingAndDrydockingExpensesCurrent
12767000 USD
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
13553000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
61630000 USD
CY2022Q1 nfe Accrued Consideration In Asset Acquisitions Current
AccruedConsiderationInAssetAcquisitionsCurrent
9515000 USD
CY2021Q4 nfe Accrued Consideration In Asset Acquisitions Current
AccruedConsiderationInAssetAcquisitionsCurrent
9330000 USD
CY2022Q1 us-gaap Accrued Bonuses Current
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5832000 USD
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
27591000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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82411000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
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31530000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
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252859000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
244025000 USD
CY2022Q1 nfe Equity Agreement Fair Value Disclosure
EquityAgreementFairValueDisclosure
20083000 USD
CY2021Q4 nfe Equity Agreement Fair Value Disclosure
EquityAgreementFairValueDisclosure
18163000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
18925000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28662000 USD
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
10481000 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8881000 USD
CY2022Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
3929000 USD
CY2021Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
21929000 USD
CY2022Q1 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
11122000 USD
CY2021Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
9088000 USD
CY2022Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
18588000 USD
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
19313000 USD
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
83128000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3855130000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
100666000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
97251000 USD
CY2021Q4 us-gaap Other Liabilities Current
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106036000 USD
CY2022Q1 nfe Long Term Debt Excluding Lessor Variable Interest Entities Loans
LongTermDebtExcludingLessorVariableInterestEntitiesLoans
3550907000 USD
CY2021Q4 nfe Long Term Debt Excluding Lessor Variable Interest Entities Loans
LongTermDebtExcludingLessorVariableInterestEntitiesLoans
3465184000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
3937276000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3836610000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3757879000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1754095000 USD
CY2022Q1 nfe Long Term Debt Maturities Repayments Of Principal After Year Four
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361476000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
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3978250000 USD
CY2022Q1 nfe Fair Value Adjustments To Assumed Obligations
FairValueAdjustmentsToAssumedObligations
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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64055000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
135420000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
325328000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1337876000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
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40339000 USD
CY2022Q1 us-gaap Long Term Debt
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3937276000 USD
CY2021Q2 nfe Line Of Credit Facility Extended Maturity Period
LineOfCreditFacilityExtendedMaturityPeriod
P1Y
CY2022Q1 nfe Debt Instrument Covenant Minimum Liquidity Amount
DebtInstrumentCovenantMinimumLiquidityAmount
30000000 USD
CY2022Q1 nfe Debt Instrument Covenant Tangible Net Worth
DebtInstrumentCovenantTangibleNetWorth
123950000 USD
CY2022Q1 nfe Debt Instrument Covenant Minimum Debt Service Coverage Ratio
DebtInstrumentCovenantMinimumDebtServiceCoverageRatio
1.20
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-49681000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.2594
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0220
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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176500576 shares
CY2022Q1 nfe Debt Instrument Covenant Maximum Debt To Ebitda Ratio
DebtInstrumentCovenantMaximumDebtToEBITDARatio
6.5
CY2022Q1 nfe Debt Instrument Covenant Ratio Of Liabilities To Total Assets
DebtInstrumentCovenantRatioOfLiabilitiesToTotalAssets
0.70
CY2022Q1 nfe Debt Instrument Covenant Maximum Debt To Capitalization Ratio
DebtInstrumentCovenantMaximumDebtToCapitalizationRatio
0.7
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q1 nfe Income Tax Expense Benefit Discrete Benefit
IncomeTaxExpenseBenefitDiscreteBenefit
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CY2022Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
12370000 USD
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
12474000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
241181000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
241181000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
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CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2912000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2912000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
238269000 USD
CY2021Q1 us-gaap Net Income Loss
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-37903000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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209928070 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176500576 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
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WeightedAverageNumberOfDilutedSharesOutstanding
210082295 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
96671000 USD
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
472084 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1333529 shares
CY2022Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
1515000 USD
CY2021Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
1927000 USD
CY2022Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1022000 USD
CY2021Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1609000 USD
CY2022Q1 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
195000 USD
CY2020Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
153000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2022Q1 nfe Number Of Floating Storage Regasification Unit Acquired
NumberOfFloatingStorageRegasificationUnitAcquired
6 Storage
CY2022Q1 nfe Number Of Liquefied Natural Gas Carriers Acquired
NumberOfLiquefiedNaturalGasCarriersAcquired
5 Carrier
CY2022Q1 us-gaap Revenues
Revenues
505118000 USD
CY2022Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
208298000 USD
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
22964000 USD
CY2022Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
23168000 USD
CY2022Q1 nfe Operating Margin
OperatingMargin
250688000 USD
CY2022Q1 us-gaap Assets
Assets
7365808000 USD
CY2022Q1 nfe Capital Expenditures
CapitalExpenditures
199679000 USD
CY2021Q1 us-gaap Revenues
Revenues
145684000 USD
CY2021Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
0 USD
CY2021Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
16252000 USD
CY2021Q1 nfe Operating Margin
OperatingMargin
32761000 USD
CY2021Q1 us-gaap Assets
Assets
1832111000 USD
CY2021Q1 nfe Capital Expenditures
CapitalExpenditures
106895000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
241181000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-39509000 USD
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
48041000 USD
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33617000 USD
CY2022Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
1901000 USD
CY2021Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
11564000 USD
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
34290000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9890000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
44916000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
18680000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19725000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
604000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-49681000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-877000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
50235000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2022Q1 nfe Operating Margin
OperatingMargin
250688000 USD
CY2021Q1 nfe Operating Margin
OperatingMargin
32761000 USD

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