SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

Contractual Obligations and Commercial Commitments
NRG has a variety of contractual obligations and other commercial commitments that represent prospective cash requirements in addition to the Company's capital expenditure programs. The following tables summarize NRG's contractual obligations and contingent obligations for guarantees. See also Item 15 — Note 12, Debt and Capital Leases, Note 22, Commitments and Contingencies, and Note 26, Guarantees, to the Consolidated Financial Statements for additional discussion.
 
By Remaining Maturity at December 31,
 
2015
 
 
Contractual Cash Obligations
Under
1 Year
 
1-3 Years
 
3-5 Years
 
Over
5 Years
 
Total (a)
 
2014 Total
 
(In millions)
Long-term debt (including estimated interest)
$
1,607

 
$
7,201

 
$
4,843

 
$
13,387

 
$
27,038

 
$
28,422

Capital lease obligations (including estimated interest)
4

 
8

 
4

 
1

 
17

 
8

Operating leases
341

 
520

 
484

 
1,367

 
2,712

 
2,955

Fuel purchase and transportation obligations
887

 
556

 
343

 
549

 
2,335

 
2,621

Fixed purchased power commitments
50

 
19

 
1

 

 
70

 
66

Pension minimum funding requirement (b)
30

 
101

 
172

 
149

 
452

 
438

Other postretirement benefits minimum funding requirement (c)
12

 
19

 
20

 
51

 
102

 
148

Other liabilities (d)
201

 
135

 
138

 
517

 
991

 
981

Total
$
3,132

 
$
8,559

 
$
6,005

 
$
16,021

 
$
33,717

 
$
35,639

(a)
Excludes $34 million non-current payable relating to NRG's uncertain tax benefits under ASC 740 as the period of payment cannot be reasonably estimated. Also excludes $945 million of asset retirement obligations which are discussed in Item 15 — Note 13, Asset Retirement Obligations, to the Consolidated Financial Statements.
(b)
These amounts represent the Company's estimated minimum pension contributions required under the Pension Protection Act of 2006. These amounts represent estimates that are based on assumptions that are subject to change.
(c)
These amounts represent estimates that are based on assumptions that are subject to change. The minimum required contribution for years after 2020 are currently not available.
(d)
Includes water right agreements, service and maintenance agreements, stadium naming rights, LTSA commitments and other contractual obligations.
 
By Remaining Maturity at December 31,
 
2015
 
 
Guarantees
Under
1 Year
 
1-3 Years
 
3-5 Years
 
Over
5 Years
 
Total
 
2014 Total
 
(In millions)
Letters of credit and surety bonds
$
1,805

 
$
92

 
$

 
$
2

 
$
1,899

 
$
1,914

Asset sales guarantee obligations

 

 
257

 

 
257

 
292

Other guarantees

 
1

 

 
721

 
722

 
1,174

Total guarantees
$
1,805

 
$
93

 
$
257

 
$
723

 
$
2,878

 
$
3,380


102