Revenue (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Company Revenue

The following table presents the Company’s revenue for the three months ended March 31, 2022 and 2021 (in thousands):

	For the three months ended March 31,
	2022		2021
Revenue from leases	$	74,062	$	95,145
Revenue from contracts with customers
Time charter, regasification and other services		23,530		30,718
Gas sales		494,081		38,950
Total revenue	$	591,673	$	164,813

Schedule of revenue from leases

The Company's revenue from leases is presented within revenues in the consolidated statements of income and for the three months ended March 31, 2022 and 2021 consists of the following (in thousands):

	For the three months ended March 31,
	2022		2021
Operating lease income	$	55,274	$	75,898
Sales-type lease income		18,788		19,247
Total revenue from leases	$	74,062	$	95,145

Schedule of leased property and equipment

The following represents the amount of property and equipment that is leased to customers as of March 31, 2022 and December 31, 2021 (in thousands):

	March 31, 2022			December 31, 2021
Property and equipment	$	1,918,967		$	1,899,892
Accumulated depreciation		(786,356	)		(766,642	)
Property and equipment, net	$	1,132,611		$	1,133,250

Schedule of minimum contractual future revenues

the minimum contractual future revenues to be received under the time charters during the next five years and thereafter are as follows (in thousands):

Year	Sales-type			Operating
2022	$	66,009		$	157,416
2023		80,449			167,190
2024		84,214			132,753
2025		87,612			121,510
2026		87,612			93,327
Thereafter		579,486			498,440
Total undiscounted	$	985,382		$	1,170,636
Less: imputed interest		(563,064	)
Net investment in sales-type leases		422,318
Less: current portion		(12,775	)
Non-current net investment in sales-type leases	$	409,543

Schedule of disaggregated revenues

The following table shows disaggregated revenues from customers attributable to the country in which the revenues were derived (in thousands). Revenues from external customers are attributed to the country in which the party to the applicable agreement has its principal place of business.

	Three months ended March 31, 2022
			Revenue from contracts with customers
	Revenue from		TCP, Regas		Gas		Total
	leases		and other		sales		revenue
Bangladesh	$	18,788	$	9,275	$	—	$	28,063
UAE		12,738		2,882		—		15,620
Pakistan		10,882		2,484		—		13,366
Argentina		9,375		4,152		—		13,527
Brazil		12,907		1,661		419,982		434,550
Israel		9,372		1,654		—		11,026
United States		—		1,099		74,099		75,198
Other		—		323		—		323
Total revenue	$	74,062	$	23,530	$	494,081	$	591,673

	Three months ended March 31, 2021
			Revenue from contracts with customers
	Revenue from		TCP, Regas		Gas		Total
	leases		and other		sales		revenue
Bangladesh	$	19,247	$	9,302	$	—	$	28,549
UAE		14,301		6,404		—		20,705
Pakistan		10,882		2,711		—		13,593
Argentina		9,428		3,711		—		13,139
Brazil		12,130		1,565		—		13,695
Israel		9,390		1,476		—		10,866
China		—		—		38,950		38,950
Other		19,767		5,549		—		25,316
Total revenue	$	95,145	$	30,718	$	38,950	$	164,813

Schedule of changes in long-term contract liabilities

The following table reflects the changes in our long-term contract liabilities to customers, as of March 31, 2022 and December 31, 2021 (in thousands):

	March 31, 2022		December 31, 2021
Deferred revenues, beginning of period	$	14,451	$	9,569
Cash received but not yet recognized		1,212		4,882
Deferred revenues, end of period	$	15,663	$	14,451

Schedule of expected recognized revenue from contracts

The Company expects to recognize revenue from contracts exceeding one year over the following time periods (in thousands):

2022	$	35,636
2023		43,558
2024		44,845
2025		44,071
2026		44,071
Thereafter		212,595
	$	424,776