Revenue (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022 (in thousands):

	For the three months ended March 31,
	2023		2022
Revenue from leases	$	81,548	$	74,062
Revenue from contracts with customers
Time charter, regasification and other services		37,029		23,530
Gas sales		92,479		494,081
Total revenue	$	211,056	$	591,673

Schedule of revenue from leases

The Company’s time charter contracts are accounted for as operating or sales-type 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, 2023 and 2022 consists of the following (in thousands):

	For the three months ended March 31,
	2023		2022
Operating lease income	$	63,310	$	55,274
Sales-type lease income		18,238		18,788
Total revenue from leases	$	81,548	$	74,062

Schedule of leased property and equipment

The following represents the amount of property and equipment that is leased to customers as of March 31, 2023 and December 31, 2022 (in thousands):

	March 31, 2023			December 31, 2022
Property and equipment	$	2,178,642		$	2,034,183
Accumulated depreciation		(878,697	)		(823,942	)
Property and equipment, net	$	1,299,945		$	1,210,241

Schedule of minimum future revenue

The future minimum revenues presented in the table below should not be construed to reflect total charter hire revenues for any of the years presented. Minimum future revenues included below are based on the fixed components and do not include variable or contingent revenue. Additionally, revenue generated from short-term charters are not included as the duration of the contracts are less than a year. As of March 31, 2023, 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
Remainder of 2023	$	58,528		$	221,518
2024		84,295			274,175
2025		87,612			215,610
2026		87,612			212,374
2027		87,612			221,485
Thereafter		492,036			693,487
Total undiscounted	$	897,695		$	1,838,649
Less: imputed interest		(488,153	)
Net investment in sales-type leases		409,542
Less: current portion		(13,544	)
Non-current net investment in sales-type leases	$	395,998

Schedule of disaggregated revenues

The following tables show 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.

	For the three months ended March 31, 2023
			Revenue from contracts with customers
	Revenue from		TCP, Regas		Gas		Total
	leases		and other		sales		revenue
Brazil	$	12,907	$	1,955	$	70,253	$	85,115
Bangladesh		17,990		10,667		—		28,657
UAE		16,841		5,570		—		22,411
United States		—		4,868		—		4,868
Argentina		9,375		5,818		—		15,193
Pakistan		10,882		2,814		—		13,696
Germany		4,103		2,650		—		6,753
Finland		9,450		2,631		22,226		34,307
Other		—		56		—		56
Total revenue	$	81,548	$	37,029	$	92,479	$	211,056

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

Schedule of changes in long-term contract liabilities

The following table reflects the changes in our contract liabilities related to long-term contracts with customers as of March 31, 2023 and December 31, 2022 (in thousands):

	March 31, 2023
Deferred revenues, beginning of period	$	177,754
Cash received but not yet recognized		191,765
Revenue recognized from prior period deferral		(173,450	)
Deferred revenues, end of period	$	196,069

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):

Remainder of 2023	$	90,139
2024		108,384
2025		88,091
2026		87,089
2027		89,397
Thereafter		432,153
	$	895,253