New Fortress Energy Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
NFE$3.58-10.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
(in thousands of U.S. dollars, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Operating revenue | $2,060,212 | $1,978,645 | $930,816 |
| Vessel charter revenue | 276,843 | 357,158 | 230,809 |
| Other revenue | 76,241 | 32,469 | 161,185 |
| Total revenues | 2,413,296 | 2,368,272 | 1,322,810 |
| Operating expenses | |||
| Cost of sales (exclusive of depreciation and amortization shown separately below) | 877,451 | 1,010,428 | 616,010 |
| Vessel operating expenses | 45,439 | 63,518 | 51,677 |
| Operations and maintenance | 166,785 | 105,800 | 73,316 |
| Selling, general and administrative | 205,104 | 236,051 | 199,881 |
| Transaction and integration costs | 6,946 | 21,796 | 44,671 |
| Depreciation and amortization | 187,324 | 142,640 | 98,377 |
| Asset impairment expense | 10,958 | 50,659 | — |
| Gain on sale of assets, net | (29,378) | — | — |
| Total operating expenses | 1,470,629 | 1,630,892 | 1,083,932 |
| Operating income | 942,667 | 737,380 | 238,878 |
| Interest expense | 277,842 | 236,861 | 154,324 |
| Other expense (income), net | 10,408 | (48,044) | (17,150) |
| Loss on extinguishment of debt, net | — | 14,997 | 10,975 |
| Income before income from equity method investments and income taxes | 654,417 | 533,566 | 90,729 |
| Income (loss) from equity method investments | 9,972 | (472,219) | 14,443 |
| Tax provision (benefit) | 115,513 | (123,439) | 12,461 |
| Net income | 548,876 | 184,786 | 92,711 |
| Net (income) loss attributable to non-controlling interest | (994) | 9,693 | 4,393 |
| Net income attributable to stockholders | $547,882 | $194,479 | $97,104 |
| Net income per share – basic | $2.66 | $0.93 | $0.49 |
| Net income per share – diluted | $2.65 | $0.93 | $0.47 |
| Weighted average number of shares outstanding – basic | 205,942,837 | 209,501,298 | 198,593,042 |
| Weighted average number of shares outstanding – diluted | 206,481,977 | 209,854,413 | 201,703,176 |
| Other comprehensive income: | |||
| Currency translation adjustment | 18,005 | 68,403 | (3,489) |
| Reclassification of net foreign currency translation adjustment realized upon sale of foreign subsidiary | (1,457) | — | — |
| Comprehensive income | 565,424 | 253,189 | 89,222 |
| Comprehensive (income) loss attributable to non-controlling interest | (1,412) | 10,795 | 5,615 |
| Comprehensive income attributable to stockholders | $564,012 | $263,984 | $94,837 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.