2024 Q1 Form 10-K Financial Statement

#000174972324000011 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $690.3M $758.4M $2.413B
YoY Change 19.2% 38.8% 1.9%
Cost Of Revenue $229.1M $256.1M $877.5M
YoY Change 23.89% 123.96% -13.16%
Gross Profit $461.2M $502.3M $1.536B
YoY Change 17.0% 16.26% 13.11%
Gross Profit Margin 66.81% 66.23% 63.64%
Selling, General & Admin $70.75M $123.0M $205.1M
YoY Change 35.71% -7.8% -13.11%
% of Gross Profit 15.34% 24.48% 13.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.49M $61.47M $187.3M
YoY Change 45.89% 68.86% 30.46%
% of Gross Profit 10.95% 12.24% 12.2%
Operating Expenses $70.75M $185.1M $205.1M
YoY Change 35.71% 9.18% -13.11%
Operating Profit $184.5M $317.1M $942.7M
YoY Change -30.96% 20.83% 27.84%
Interest Expense $77.34M -$75.46M $277.8M
YoY Change 7.91% -6.28% 17.3%
% of Operating Profit 41.92% -23.79% 29.47%
Other Income/Expense, Net -$19.11M $5.742M -$10.41M
YoY Change -23.57% -65.05% -121.66%
Pretax Income $78.29M $263.7M $664.4M
YoY Change -54.09% 41.45% 983.0%
Income Tax $21.62M $46.04M $115.5M
% Of Pretax Income 27.62% 17.46% 17.39%
Net Earnings $54.08M $217.2M $547.9M
YoY Change -64.0% 238.71% 181.72%
Net Earnings / Revenue 7.83% 28.64% 22.7%
Basic Earnings Per Share $0.26 $2.66
Diluted Earnings Per Share $0.26 $1.06 $2.65
COMMON SHARES
Basic Shares Outstanding 205.0M shares 205.0M shares 205.9M shares
Diluted Shares Outstanding 206.0M shares 206.5M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.5M $155.4M $155.4M
YoY Change -51.68% -76.99% -76.99%
Cash & Equivalents $143.5M $155.4M $155.4M
Short-Term Investments
Other Short-Term Assets $64.34M $78.15M $279.2M
YoY Change 124.41% 184.15% -19.48%
Inventory $186.6M $113.7M $113.7M
Prepaid Expenses $27.15M $31.49M
Receivables $335.3M $342.4M $351.1M
Other Receivables $108.7M $1.566M $80.63M
Total Short-Term Assets $1.039B $980.0M $980.0M
YoY Change -9.99% -29.35% -29.35%
LONG-TERM ASSETS
Property, Plant & Equipment $8.700B $8.418B $8.418B
YoY Change 46.72% 71.34% 71.34%
Goodwill $776.8M $776.8M
YoY Change 0.0% 0.0%
Intangibles $211.9M $51.82M
YoY Change 163.79% -39.68%
Long-Term Investments $0.00 $137.8M $145.5M
YoY Change -100.0% -64.88% -64.53%
Other Assets $125.6M $126.9M $109.2M
YoY Change -9.33% -7.42% 10.68%
Total Long-Term Assets $9.842B $9.521B $9.521B
YoY Change 39.21% 50.7% 50.7%
TOTAL ASSETS
Total Short-Term Assets $1.039B $980.0M $980.0M
Total Long-Term Assets $9.842B $9.521B $9.521B
Total Assets $10.88B $10.50B $10.50B
YoY Change 32.3% 36.29% 36.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $524.5M $549.5M $549.5M
YoY Change 69.06% 583.55% 583.55%
Accrued Expenses $417.6M $471.7M $607.5M
YoY Change -30.74% -59.42% -49.66%
Deferred Revenue $10.24M $65.29M
YoY Change -71.57% 412.14%
Short-Term Debt $177.5M $182.3M $0.00
YoY Change
Long-Term Debt Due $291.5M $292.6M $321.3M
YoY Change 5.23% 351.44% 364.38%
Total Short-Term Liabilities $1.567B $1.706B $1.706B
YoY Change 12.23% 21.08% 21.08%
LONG-TERM LIABILITIES
Long-Term Debt $6.735B $6.511B $6.526B
YoY Change 36.02% 45.43% 45.42%
Other Long-Term Liabilities $36.65M $55.63M $446.1M
YoY Change -27.61% 13.5% 31.25%
Total Long-Term Liabilities $6.772B $6.566B $6.973B
YoY Change 35.37% 45.08% 44.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.567B $1.706B $1.706B
Total Long-Term Liabilities $6.772B $6.566B $6.973B
Total Liabilities $8.984B $8.723B $8.861B
YoY Change 32.62% 39.28% 38.13%
SHAREHOLDERS EQUITY
Retained Earnings $561.4M $528.0M
YoY Change 192.68% 750.49%
Common Stock $2.050M $2.050M
YoY Change 0.15% -1.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.671B $1.640B $1.640B
YoY Change
Total Liabilities & Shareholders Equity $10.88B $10.50B $10.50B
YoY Change 32.3% 36.29% 36.29%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $54.08M $217.2M $547.9M
YoY Change -64.0% 238.71% 181.72%
Depreciation, Depletion And Amortization $50.49M $61.47M $187.3M
YoY Change 45.89% 68.86% 30.46%
Cash From Operating Activities $70.05M $287.6M $824.8M
YoY Change -65.0% 8.93% 132.25%
INVESTING ACTIVITIES
Capital Expenditures $683.4M $838.2M $3.030B
YoY Change 21.34% 116.69% 158.08%
Acquisitions
YoY Change
Other Investing Activities $1.695M -$352.0K -$9.227M
YoY Change -98.31% -100.07% -614.33%
Cash From Investing Activities -$219.8M -$838.6M -$2.904B
YoY Change -52.56% -840.57% 3410.56%
FINANCING ACTIVITIES
Cash Dividend Paid $32.33M $724.0M
YoY Change -95.03% 630.91%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $157.6M 604.9M $1.529B
YoY Change 264.68% 737.24% 374.89%
NET CHANGE
Cash From Operating Activities $70.05M 287.6M $824.8M
Cash From Investing Activities -$219.8M -838.6M -$2.904B
Cash From Financing Activities $157.6M 604.9M $1.529B
Net Change In Cash $4.119M 53.87M -$544.3M
YoY Change -101.88% -88.02% -192.08%
FREE CASH FLOW
Cash From Operating Activities $70.05M $287.6M $824.8M
Capital Expenditures $683.4M $838.2M $3.030B
Free Cash Flow -$613.4M -$550.7M -$2.205B
YoY Change 68.92% 348.29% 169.27%

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EarningsPerShareDiluted
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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ShareBasedCompensation
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ShareBasedCompensation
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ShareBasedCompensation
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AssetImpairmentCharges
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AssetImpairmentCharges
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CY2023 nfe Earnings On Third Party Charters
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CY2023 nfe Gain Loss On Sale Of Finance Lease
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39790000 usd
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OperatingLeaseRightOfUseAssets
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 nfe Changes In Accounts Payable And Accrued Liabilities Associated With Construction In Progress Costs And Property Plant And Equipment
ChangesInAccountsPayableAndAccruedLiabilitiesAssociatedWithConstructionInProgressCostsAndPropertyPlantAndEquipment
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CY2022 nfe Changes In Accounts Payable And Accrued Liabilities Associated With Construction In Progress Costs And Property Plant And Equipment
ChangesInAccountsPayableAndAccruedLiabilitiesAssociatedWithConstructionInProgressCostsAndPropertyPlantAndEquipment
284390000 usd
CY2021 nfe Changes In Accounts Payable And Accrued Liabilities Associated With Construction In Progress Costs And Property Plant And Equipment
ChangesInAccountsPayableAndAccruedLiabilitiesAssociatedWithConstructionInProgressCostsAndPropertyPlantAndEquipment
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CY2023 nfe Liabilities Associated With Consideration Paid For Entities Acquired In Asset Acquisitions
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CY2022 nfe Liabilities Associated With Consideration Paid For Entities Acquired In Asset Acquisitions
LiabilitiesAssociatedWithConsiderationPaidForEntitiesAcquiredInAssetAcquisitions
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CY2021 nfe Liabilities Associated With Consideration Paid For Entities Acquired In Asset Acquisitions
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CY2021 us-gaap Stock Issued1
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CY2023 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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CY2022 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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CY2021 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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CY2023 nfe Principal Payments Paid By Third Party Charters
PrincipalPaymentsPaidByThirdPartyCharters
66866000 usd
CY2022 nfe Principal Payments Paid By Third Party Charters
PrincipalPaymentsPaidByThirdPartyCharters
24949000 usd
CY2021 nfe Principal Payments Paid By Third Party Charters
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CY2023 nfe Shares Received In Equity Method Investment Exchange
SharesReceivedInEquityMethodInvestmentExchange
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CY2022 nfe Shares Received In Equity Method Investment Exchange
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CY2021 nfe Shares Received In Equity Method Investment Exchange
SharesReceivedInEquityMethodInvestmentExchange
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CY2023 us-gaap Transfer To Investments
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CY2022 us-gaap Transfer To Investments
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129518000 usd
CY2021 us-gaap Transfer To Investments
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CY2023 nfe Accrued Dividends
AccruedDividends
0 usd
CY2022 nfe Accrued Dividends
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626310000 usd
CY2021 nfe Accrued Dividends
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CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
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CY2021 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155414000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
675492000 usd
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155400000 usd
CY2022Q4 us-gaap Restricted Cash Current
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CY2023Q4 us-gaap Restricted Cash Noncurrent
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0 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
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2581000 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
11614000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
310814000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
855083000 usd
CY2022Q4 nfe Disposal Group Including Discontinued Operation Cash And Cash Equivalents Noncurrent
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11614000 usd
CY2023 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, 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, Brazil and Mexico. The Company has marine operations with vessels operating under time charters and in the spot market globally.</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>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;padding-left:36pt;text-indent:-36pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.34pt">Use of estimates</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 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. 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.</span></div>
CY2023 nfe Anticipated Drydocking Period
AnticipatedDrydockingPeriod
P5Y
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GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 nfe Number Of Performance Obligations
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CY2023 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
62059000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
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-264075000 usd
CY2022Q3 nfe Number Of Vessels
NumberOfVessels
11 vessel
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="margin-top:12pt;padding-left:36pt;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(aa)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:20.48pt">Guarantees</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%">Guarantees issued by the Company, excluding those that are guaranteeing the Company’s own performance, are recognized at fair value at the time that the guarantees are issued and recognized in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets. The guarantee liability is amortized each period as a reduction to Selling, general and administrative expenses. If it becomes probable that the Company will have to perform under a guarantee, the Company will recognize an additional liability if the amount of the loss can be reasonably estimated.</span></div>
CY2021Q2 nfe Number Of Other Floating Storage Regasification Unit Fleet Acquired
NumberOfOtherFloatingStorageRegasificationUnitFleetAcquired
6 unit
CY2021Q2 nfe Number Of Liquefied Natural Gas Carriers Acquired
NumberOfLiquefiedNaturalGasCarriersAcquired
4 carrier
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1429361000 usd
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75415000 usd
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-339909000 usd
CY2022Q3 nfe Purchase Agreement Consideration Received
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1850000000 usd
CY2022Q3 nfe Number Of Vessels Subject To Long Term Charter Agreements
NumberOfVesselsSubjectToLongTermCharterAgreements
10 vessel
CY2022Q3 nfe Number Of Vessels Not Subject To Long Term Charter Agreements
NumberOfVesselsNotSubjectToLongTermCharterAgreements
1 vessel
CY2022Q3 nfe Number Of Vessels Subject To Long Term Charter Agreements
NumberOfVesselsSubjectToLongTermCharterAgreements
10 vessel
CY2022Q3 nfe Number Of Vessels Subject To Long Term Charter Agreements
NumberOfVesselsSubjectToLongTermCharterAgreements
10 vessel
CY2023Q4 nfe Number Of Vessels Leased Under Sale And Leaseback Agreements
NumberOfVesselsLeasedUnderSaleAndLeasebackAgreements
4 vessel
CY2022Q3 nfe Number Of Sale Leaseback Arrangements Terminated
NumberOfSaleLeasebackArrangementsTerminated
3 arrangement
CY2022 nfe Variable Interest Entity Addition Of Interest Expenses
VariableInterestEntityAdditionOfInterestExpenses
6348000 usd
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400622000 usd
CY2021 nfe Variable Interest Entity Net Cash Provided By Used In Financing Activities
VariableInterestEntityNetCashProvidedByUsedInFinancingActivities
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CY2023 nfe Other Revenues
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CY2022 nfe Other Revenues
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CY2021 nfe Other Revenues
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12748000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2951000 usd
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ContractWithCustomerReceivableAfterAllowanceForCreditLoss
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CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
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CY2022Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
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VariableLeaseIncome
22940000 usd
CY2021 us-gaap Variable Lease Income
VariableLeaseIncome
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LeaseIncome
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CY2022 us-gaap Lease Income
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CY2021 us-gaap Lease Income
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CY2023Q4 nfe Derecognition Of Lease Loss
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DirectFinancingLeaseInterestIncome
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DirectFinancingLeaseInterestIncome
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CY2023Q4 nfe Lease Right Of Use Asset
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CY2022Q4 nfe Lease Right Of Use Asset
LeaseRightOfUseAsset
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28681000 usd
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FinanceLeaseLiabilityCurrent
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CY2023Q4 nfe Lease Liabilities Current
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164548000 usd
CY2022Q4 nfe Lease Liabilities Current
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302121000 usd
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21470000 usd
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CY2022 us-gaap Operating Lease Cost
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75771000 usd
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VariableLeaseCost
2203000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2023 us-gaap Short Term Lease Cost
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23903000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
20129000 usd
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6974000 usd
CY2023 nfe Lease Cost Related Cost Of Sales
LeaseCostRelatedCostOfSales
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CY2022 nfe Lease Cost Related Cost Of Sales
LeaseCostRelatedCostOfSales
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CY2021 nfe Lease Cost Related Cost Of Sales
LeaseCostRelatedCostOfSales
41147000 usd
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42520000 usd
CY2022 nfe Lease Cost Related To Operations And Maintenance
LeaseCostRelatedToOperationsAndMaintenance
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20403000 usd
CY2021 us-gaap Lease Cost
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FinanceLeaseInterestPaymentOnLiability
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FinanceLeaseInterestPaymentOnLiability
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FinanceLeaseInterestPaymentOnLiability
409000 usd
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeasePrincipalPayments
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47672000 usd
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24533000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
179273000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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30939000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
125262000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
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FinanceLeaseLiabilityPaymentsDueYearFour
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76966000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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174365000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
47785000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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185060000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3129000 usd
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CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Finance Lease Liability Current
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28681000 usd
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390519000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
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CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
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OperatingLeaseWeightedAverageDiscountRatePercent
0.101
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.085
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.082
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 nfe Cash Collateral For Performance Under Customer Agreements
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CY2022Q4 nfe Cash Collateral For Performance Under Customer Agreements
CashCollateralForPerformanceUnderCustomerAgreements
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2500000 usd
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CY2022Q4 us-gaap Restricted Cash
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155400000 usd
CY2022Q4 us-gaap Restricted Cash Current
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165396000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
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0 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2581000 usd
CY2023Q4 us-gaap Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
75417000 usd
CY2022Q4 us-gaap Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
15398000 usd
CY2023Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
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CY2022Q4 us-gaap Inventory Crude Oil Products And Merchandise
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28146000 usd
CY2022Q4 us-gaap Materials Supplies And Other
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15508000 usd
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CY2022Q4 us-gaap Inventory Net
InventoryNet
39070000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
6232000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
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CY2021 us-gaap Inventory Write Down
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CY2023Q4 us-gaap Prepaid Expense Current
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CY2022Q4 us-gaap Derivative Assets Current
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CY2022Q4 us-gaap Other Assets Current
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Equity Method Investments
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EquityMethodInvestmentCapitalContributions
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CY2022 nfe Equity Method Investment Capital Contributions
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CY2022 us-gaap Equity Method Investment Dividends Or Distributions
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CY2023 us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
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CY2022 us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
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15546000 usd
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EquityMethodInvestmentOtherThanTemporaryImpairment
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CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2023 nfe Sale Of Equity Method Investments
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CY2022 nfe Sale Of Equity Method Investments
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CY2023 nfe Equity Method Investments Foreign Currency Translation Adjustment
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CY2022 nfe Equity Method Investments Foreign Currency Translation Adjustment
EquityMethodInvestmentsForeignCurrencyTranslationAdjustment
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CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
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CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
392306000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
137793000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
392306000 usd
CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
5277000 usd
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
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CY2023 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2022Q4 us-gaap Construction In Progress Gross
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CY2021Q4 us-gaap Construction In Progress Gross
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CY2023 nfe Construction In Progress Additions
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CY2022 nfe Construction In Progress Additions
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CY2022 nfe Construction Impairment Charges Asset Impairment Expense
ConstructionImpairmentChargesAssetImpairmentExpense
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CY2023 nfe Construction In Progress Impact Of Changes In Foreign Exchange Rates
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CY2022 nfe Construction In Progress Impact Of Changes In Foreign Exchange Rates
ConstructionInProgressImpactOfChangesInForeignExchangeRates
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CY2023 nfe Construction In Progress Transferred To Property Plant And Equipment Net Or Finance Leases
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CY2022 nfe Construction In Progress Transferred To Property Plant And Equipment Net Or Finance Leases
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CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
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CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2418608000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
377833000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
248082000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
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CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2116727000 usd
CY2023 us-gaap Depreciation
Depreciation
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CY2022 us-gaap Depreciation
Depreciation
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CY2021 us-gaap Depreciation
Depreciation
80220000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16513000 usd
CY2023 nfe Intangible Assets Foreign Currency Translation Gain Loss
IntangibleAssetsForeignCurrencyTranslationGainLoss
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
51815000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022 nfe Intangible Assets Foreign Currency Translation Gain Loss
IntangibleAssetsForeignCurrencyTranslationGainLoss
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P28Y9M18D
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P18Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26853000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37162000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18609000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5346000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4353000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1307000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1307000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1307000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
37048000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
50668000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
471675000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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CY2023Q4 nfe Deposit Noncurrent
DepositNoncurrent
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CY2022Q4 nfe Deposit Noncurrent
DepositNoncurrent
40685000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
19901000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
28651000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
7678000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
17806000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
22418000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
9773000 usd
CY2023Q4 nfe Upfront Payments To Customers Non Current
UpfrontPaymentsToCustomersNonCurrent
8855000 usd
CY2022Q4 nfe Upfront Payments To Customers Non Current
UpfrontPaymentsToCustomersNonCurrent
9158000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
68051000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
35606000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
126903000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
141679000 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1067000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
8254000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
165000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
7678000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
7678000 usd
CY2023 nfe Number Of Sales Contracts
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CY2023Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
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CY2022Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
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CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
51994000 usd
CY2023Q4 nfe Accrued Vessel Operating And Drydocking Expenses Current
AccruedVesselOperatingAndDrydockingExpensesCurrent
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CY2022Q4 nfe Accrued Vessel Operating And Drydocking Expenses Current
AccruedVesselOperatingAndDrydockingExpensesCurrent
37739000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 usd
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
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CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
19450000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
19458000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
65287000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12748000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
54040000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6261000 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
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CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
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CY2023Q4 nfe Lease Termination Liability Current
LeaseTerminationLiabilityCurrent
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CY2022Q4 nfe Lease Termination Liability Current
LeaseTerminationLiabilityCurrent
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CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
30195000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
6912000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
227951000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
52878000 usd
CY2023Q4 nfe Lease Termination Asset Current
LeaseTerminationAssetCurrent
59074000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
182270000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
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CY2022Q4 us-gaap Long Term Debt
LongTermDebt
4541685000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
292625000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
64820000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6510523000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4476865000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4327311000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
292625000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1341060000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2605990000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
162460000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1124501000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1392834000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6919470000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
116322000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
6803148000 usd
CY2023Q4 nfe Debt Instrument Covenant Maximum Debt To Capitalization Ratio
DebtInstrumentCovenantMaximumDebtToCapitalizationRatio
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CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
182270000 usd
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
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CY2023 nfe Financing Interest Expense Non Cash
FinancingInterestExpenseNonCash
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CY2022 nfe Financing Interest Expense Non Cash
FinancingInterestExpenseNonCash
84517000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
664389000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61347000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
105172000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
47198000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
37831000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
311000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
53377000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
118266000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20975000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
100575000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
156097000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21286000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4030000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5794000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14938000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-279536000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8825000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115513000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-123439000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12461000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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