Consolidated Statements of Cash Flows (FirstEnergy Solutions Corp.) - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income (loss) |
$ (381)
|
$ 804
|
| Adjustments to reconcile net income (loss) to net cash from operating activities- |
|
|
| Depreciation and amortization, including nuclear fuel, regulatory assets and customer intangible asset amortization |
1,440
|
1,383
|
| Deferred costs on sale and leaseback transaction, net |
(36)
|
(37)
|
| Deferred income taxes and investment tax credits, net |
318
|
428
|
| Investment impairments |
13
|
70
|
| Pension trust contributions |
(297)
|
(143)
|
| Commodity derivative transactions, net (Note 9) |
(10)
|
(64)
|
| Lease payments on sale and leaseback transaction |
(94)
|
(102)
|
| Impairment of assets (Note 2) |
1,447
|
24
|
| Changes in current assets and liabilities- |
|
|
| Receivables |
(34)
|
7
|
| Materials and supplies |
45
|
32
|
| Accounts payable |
(17)
|
(285)
|
| Accrued taxes |
(81)
|
(68)
|
| Accrued compensation and benefits |
2
|
16
|
| Other current liabilities |
17
|
26
|
| Cash collateral, net |
25
|
59
|
| Other |
132
|
190
|
| Net cash provided from operating activities |
2,580
|
2,317
|
| New financing- |
|
|
| Long-term debt |
521
|
1,084
|
| Short-term borrowings, net |
1,275
|
134
|
| Redemptions and Repayments- |
|
|
| Long-term debt |
(1,017)
|
(781)
|
| Other |
(5)
|
(11)
|
| Net cash provided from (used for) financing activities |
316
|
(29)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Property additions |
(2,156)
|
(2,025)
|
| Nuclear fuel |
(195)
|
(101)
|
| Sales of investment securities held in trusts |
1,361
|
1,126
|
| Purchases of investment securities held in trusts |
(1,437)
|
(1,213)
|
| Other |
52
|
37
|
| Net cash used for investing activities |
(2,476)
|
(2,287)
|
| Net change in cash and cash equivalents |
420
|
1
|
| Cash and cash equivalents at beginning of period |
131
|
85
|
| Cash and cash equivalents at end of period |
551
|
86
|
| FES |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income (loss) |
(267)
|
96
|
| Adjustments to reconcile net income (loss) to net cash from operating activities- |
|
|
| Depreciation and amortization, including nuclear fuel, regulatory assets and customer intangible asset amortization |
463
|
422
|
| Deferred costs on sale and leaseback transaction, net |
(36)
|
(37)
|
| Deferred income taxes and investment tax credits, net |
90
|
139
|
| Investment impairments |
12
|
63
|
| Pension trust contributions |
(138)
|
0
|
| Commodity derivative transactions, net (Note 9) |
(10)
|
(65)
|
| Lease payments on sale and leaseback transaction |
(94)
|
(102)
|
| Impairment of assets (Note 2) |
540
|
16
|
| Changes in current assets and liabilities- |
|
|
| Receivables |
19
|
171
|
| Materials and supplies |
25
|
(1)
|
| Accounts payable |
(69)
|
(241)
|
| Accrued taxes |
(6)
|
(28)
|
| Accrued compensation and benefits |
0
|
2
|
| Other current liabilities |
13
|
24
|
| Cash collateral, net |
6
|
107
|
| Other |
(16)
|
(4)
|
| Net cash provided from operating activities |
604
|
636
|
| New financing- |
|
|
| Long-term debt |
471
|
339
|
| Short-term borrowings, net |
101
|
0
|
| Redemptions and Repayments- |
|
|
| Long-term debt |
(503)
|
(382)
|
| Short-term borrowings, net |
0
|
109
|
| Other |
(7)
|
(5)
|
| Net cash provided from (used for) financing activities |
62
|
(157)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Property additions |
(432)
|
(341)
|
| Nuclear fuel |
(195)
|
(101)
|
| Sales of investment securities held in trusts |
576
|
503
|
| Purchases of investment securities held in trusts |
(619)
|
(546)
|
| Cash investments |
10
|
(10)
|
| Loans to affiliated companies, net |
(15)
|
0
|
| Other |
9
|
16
|
| Net cash used for investing activities |
(666)
|
(479)
|
| Net change in cash and cash equivalents |
0
|
0
|
| Cash and cash equivalents at beginning of period |
2
|
2
|
| Cash and cash equivalents at end of period |
$ 2
|
$ 2
|