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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 90,842 $ 155,414
Restricted cash 145,881 155,400
Receivables, net of allowances of $9,859 and $1,158, respectively 435,883 342,371
Inventory 88,095 113,684
Prepaid expenses and other current assets, net 273,255 213,104
Total current assets 1,033,956 979,973
Construction in progress 7,051,297 5,348,294
Property, plant and equipment, net 2,134,987 2,481,415
Equity method investments 0 137,793
Right-of-use assets 640,978 588,385
Intangible assets, net 206,266 51,815
Goodwill 776,760 776,760
Deferred tax assets, net 13,380 9,907
Other non-current assets, net 112,272 126,903
Total assets 11,969,896 10,501,245
Current liabilities    
Current portion of long-term debt and short-term borrowings 1,145,865 292,625
Accounts payable 819,544 549,489
Accrued liabilities 373,882 471,675
Current lease liabilities 120,949 164,548
Other current liabilities 248,825 227,951
Total current liabilities 2,709,065 1,706,288
Long-term debt 6,863,123 6,510,523
Non-current lease liabilities 494,222 406,494
Deferred tax liabilities, net 66,226 44,444
Other long-term liabilities 50,250 55,627
Total liabilities 10,182,886 8,723,376
Commitments and contingencies (Note 21)
Series A convertible preferred stock, $0.01 par value, 96,746 shares authorized, issued and outstanding as of September 30, 2024 (0 as of December 31, 2023); aggregate liquidation preference of $96,746 and $0 at September 30, 2024 and December 31, 2023 96,555 0
Stockholders’ equity    
Class A common stock, $0.01 par value, 750 million shares authorized, 205.1 million issued and outstanding as of September 30, 2024; 205.0 million issued and outstanding as of December 31, 2023 2,050 2,050
Additional paid-in capital 1,085,950 1,038,530
Retained earnings 438,502 527,986
Accumulated other comprehensive income 37,141 71,528
Total stockholders’ equity attributable to NFE 1,563,643 1,640,094
Non-controlling interest 126,812 137,775
Total stockholders’ equity 1,690,455 1,777,869
Total liabilities and stockholders’ equity $ 11,969,896 $ 10,501,245