Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenue $ 37,434 $ 28,774 $ 10,286
Operating costs and expenses:      
Cost of sales 17,223 7,071 6,115
Development expenses 27,492 59,629 44,034
Depreciation, depletion and amortization 17,228 20,446 1,567
General and administrative expenses 47,349 87,487 81,777
Impairment charges 81,065 0 4,513
Severance and reorganization charges 6,359 0 0
Related party charges (Note 7) 7,357 0 0
Total operating costs and expenses 204,073 174,633 138,006
Loss from operations (166,639) (145,859) (127,720)
Interest (expense) income, net (43,445) (16,355) 1,574
Other (expense) income, net (612) 10,447 211
Loss before income taxes (210,696) (151,767) (125,935)
Income tax benefit (provision) 0 0 190
Net loss $ (210,696) $ (151,767) $ (125,745)
Net loss per common share:      
Basic and diluted (in dollars per share) $ (0.79) $ (0.69) $ (0.59)
Weighted average shares outstanding:      
Basic and diluted (in shares) 267,615 218,548 211,574
Natural gas sales      
Revenues:      
Total revenue $ 30,441 $ 28,774 $ 4,423
LNG sales      
Revenues:      
Total revenue 6,993 0 2,689
Other LNG revenue      
Revenues:      
Total revenue $ 0 $ 0 $ 3,174