New Fortress Energy Inc. (NFE) financial statements (2022 and earlier)

Company profile

Business Address 111 W. 19TH STREET
NEW YORK, NY 10011
State of Incorp. DE
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18860230
Cash and cash equivalents18860227
Short-term investments  3
Restricted cash and investments691331
Receivables2127951
Inventory, net of allowances, customer advances and progress billings372363
Inventory372363
Prepaid expense2057
Contract with customer, asset 4 
Capitalized contract cost 1 
Other current assets282923
Other undisclosed current assets3276
Total current assets:585762211
Noncurrent Assets
Finance lease, right-of-use asset24  
Operating lease, right-of-use asset286141 
Property, plant and equipment902172450
Long-term investments and receivables1,182  
Long-term investments1,182  
Intangible assets, net (including goodwill)9034644
Goodwill760  
Intangible assets, net (excluding goodwill)1434644
Restricted cash and investments81535
Deferred income tax assets620
Other noncurrent assets988682
Other undisclosed noncurrent assets2,883684303
Total noncurrent assets:6,2921,146913
TOTAL ASSETS:6,8761,9081,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31211267
Accounts payable682112
Accrued liabilities2449055
Debt1011 
Due to related parties 910
Other liabilities1063525
Other undisclosed current liabilities4334 
Total current liabilities:563191102
Noncurrent Liabilities
Long-term debt and lease obligation3,9921,324619
Long-term debt, excluding current maturities3,7581,240619
Finance lease, liability15  
Operating lease, liability21984 
Liabilities, other than long-term debt3281815
Deferred income tax liabilities27020
Other liabilities581615
Total noncurrent liabilities:4,3201,342634
Total liabilities:4,8821,533736
Stockholders' equity
Stockholders' equity attributable to parent, including:1,79236785
Additional paid in capital1,924595 
Accumulated other comprehensive income (loss)(2)0(0)
Accumulated deficit(132)(230)(46)
Other undisclosed stockholders' equity attributable to parent22131
Stockholders' equity attributable to noncontrolling interest2028303
Total stockholders' equity:1,994375387
TOTAL LIABILITIES AND EQUITY:6,8761,9081,124

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Revenues1,323452189
Cost of revenue(832)(450)(216)
Cost of goods and services sold(616)(279)(183)
Gross profit:4901(26)
Operating expenses(252)(157)(161)
Operating income (loss):239(155)(187)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
17(5)3
Interest and debt expense(165)(99)(19)
Income (loss) from continuing operations before equity method investments, income taxes:91(259)(204)
Income from equity method investments14  
Income (loss) from continuing operations before income taxes:105(259)(204)
Income tax expense(12)(5)(0)
Net income (loss):93(264)(204)
Net income attributable to noncontrolling interest482171
Net income (loss) available to common stockholders, basic:97(182)(34)
Dilutive securities, effect on basic earnings per share(3)  
Net income (loss) available to common stockholders, diluted:94(182)(34)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income (loss):93(264)(204)
Other comprehensive income (loss)(3)2(0)
Comprehensive income (loss):89(262)(205)
Comprehensive income, net of tax, attributable to noncontrolling interest680171
Comprehensive income (loss), net of tax, attributable to parent:95(182)(34)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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