Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenue $ 28,774 $ 10,286 $ 5,441
Operating costs and expenses:      
Cost of sales 7,071 6,115 7,565
Development expenses 59,629 44,034 59,498
Depreciation, depletion and amortization 20,446 1,567 479
General and administrative expenses 87,487 81,777 98,874
Impairment charge and loss on transfer of assets 0 4,513 0
Goodwill impairment 0 0 77,592
Total operating costs and expenses 174,633 138,006 244,008
Loss from operations (145,859) (127,720) (238,567)
Gain on preferred stock exchange feature 0 0 2,209
Interest income (expense), net (16,355) 1,574 1,022
Other income, net 10,447 211 4,062
Total loss before income taxes (151,767) (125,935) (231,274)
Income tax benefit (provision) 0 190 (185)
Net loss $ (151,767) $ (125,745) $ (231,459)
Net loss per common share:      
Basic and diluted (in dollars per share) $ (0.69) $ (0.59) $ (1.23)
Weighted average shares outstanding:      
Basic and diluted (in shares) 218,548 211,574 188,536
Natural gas sales      
Revenues:      
Total revenue $ 28,774 $ 4,423 $ 503
LNG sales      
Revenues:      
Total revenue 0 2,689 3,273
Other LNG revenue      
Revenues:      
Total revenue $ 0 $ 3,174 $ 1,665