NewFortress Energy 2Q23 Results slide image

NewFortress Energy 2Q23 Results

(in thousands of $) Appendix Segment operating margin reconciliation Three Months Ended June 30, 2022 Total revenues Cost of sales Vessel operating expenses Operations and maintenance Consolidated Segment Operating Margin Less: Selling, general and administrative Transaction and integration costs Depreciation and amortization Asset impairment expense Interest expense Other (income), net Loss from equity method investments Tax (benefit) Net income Terminals and Infrastructure (1) 543,455 271,948 4,255 29,540 237,712 Ships (2) 111,024 21,288 89,736 Total Segment 654,479 271,948 25,543 29,540 327,448 Consolidation and Other (3) (69,624) 453 (6,915) (9,050) (54,112) Consolidated 584,855 272,401 18,628 20,490 273,336 50,310 4,866 36,356 48,109 47,840 (22,102) 372,927 (86,539) (178,431) (1) Terminals and Infrastructure includes the Company's effective share of revenues, expenses and operating margin attributable to 50% ownership of CELSEPAR. The loss attributable to the investment of $389,996 for the three months ended June 30, 2022 are reported in (Loss) income from equity method investments on the consolidated statements of operations and comprehensive income (loss). (2) Ships includes the Company's effective share of revenues, expenses and operating margin attributable to 50% ownership of the Hilli Common Units. The earnings attributable to the investment of $17,069 for the three months ended June 30, 2022 are reported in (Loss) income from equity method investments on the condensed consolidated statements of operations and comprehensive income (loss) (3) Consolidation and Other adjusts for the inclusion of the effective share of revenues, expenses and operating margin attributable to 50% ownership of CELSEPAR and Hilli Common Units in our segment measure and exclusion of the unrealized mark-to-market gain or loss on derivative instruments. 34
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