Consolidated Statements of Income (Loss) (FirstEnergy Corp.) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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| REVENUES: | ||||||
| Regulated Distribution | $ 2,702 | $ 2,624 | $ 7,423 | $ 7,425 | ||
| Regulated Transmission | 285 | 248 | 824 | 755 | ||
| Unregulated businesses | 930 | 1,251 | 2,940 | 3,305 | ||
| Total revenues | [1] | 3,917 | 4,123 | 11,187 | 11,485 | |
| OPERATING EXPENSES: | ||||||
| Fuel | 450 | 482 | 1,269 | 1,378 | ||
| Purchased power | 979 | 1,209 | 2,992 | 3,311 | ||
| Other operating expenses | 953 | 842 | 2,835 | 2,799 | ||
| Provision for depreciation | 311 | 328 | 974 | 969 | ||
| Amortization of regulatory assets, net | 98 | 110 | 222 | 201 | ||
| General taxes | 265 | 236 | 786 | 747 | ||
| Impairment of assets (Note 2) | 0 | 8 | 1,447 | 24 | ||
| Total operating expenses | 3,056 | 3,215 | 10,525 | 9,429 | ||
| OPERATING INCOME | 861 | 908 | 662 | 2,056 | ||
| OTHER INCOME (EXPENSE): | ||||||
| Investment income (loss) | 28 | (28) | 75 | (14) | ||
| Interest expense | (286) | (285) | (863) | (846) | ||
| Capitalized financing costs | 28 | 26 | 79 | 93 | ||
| Total other expense | (230) | (287) | (709) | (767) | ||
| INCOME (LOSS) BEFORE INCOME TAXES | 631 | 621 | (47) | 1,289 | ||
| INCOME TAXES | 251 | 226 | 334 | 485 | ||
| NET INCOME (LOSS) | $ 380 | $ 395 | $ (381) | $ 804 | ||
| EARNINGS (LOSSES) PER SHARE OF COMMON STOCK: | ||||||
| Basic, in dollars per share | $ 0.89 | $ 0.94 | $ (0.90) | $ 1.91 | ||
| Diluted, in dollars per share | $ 0.89 | $ 0.93 | $ (0.90) | $ 1.90 | ||
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||||||
| Basic, in shares | 425 | 423 | 425 | 422 | ||
| Diluted, in shares | 427 | 424 | 425 | 423 | ||
| DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share | $ 0.72 | $ 0.72 | $ 1.44 | $ 1.44 | ||
| Excise taxes collected | $ 111 | $ 109 | $ 310 | $ 320 | ||
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