SEC Filings

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


NRG ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
 
For the Year Ended December 31,
(In millions, except per share amounts)
2015
 
2014
 
2013
Operating Revenues

 
 
 
 
Total operating revenues
$
14,674


$
15,868


$
11,295

 

 
 
 
 
Cost of operations
10,755


11,794


8,130

Depreciation and amortization
1,566


1,523


1,256

Impairment losses
5,030

 
97

 
459

Selling, general and administrative
1,220


1,027

 
895

Acquisition-related transaction and integration costs
10


84

 
128

Development activity expenses
154


91

 
84

Total operating costs and expenses
18,735

 
14,616

 
10,952

Gain on postretirement benefits curtailment and sale of assets
21

 
19

 

Operating(Loss)/Income
(4,040
)
 
1,271

 
343

Other Income/(Expense)

 
 
 
 
Equity in earnings of unconsolidated affiliates
36


38

 
7

Impairment losses on investments
(56
)


 
(99
)
Other income, net
33


22

 
13

(Loss)/gain on sale of equity-method investment
(14
)
 
18

 

Net gain/(loss) on debt extinguishment
75


(95
)
 
(50
)
Interest expense
(1,128
)

(1,119
)
 
(848
)
Total other expense
(1,054
)
 
(1,136
)
 
(977
)
(Loss)/Income Before Income Taxes
(5,094
)

135


(634
)
Income tax expense/(benefit)
1,342


3


(282
)
Net (Loss)/Income
(6,436
)

132


(352
)
Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests
(54
)

(2
)

34

Net (Loss)/Income Attributable to NRG Energy, Inc.
(6,382
)

134


(386
)
Dividends for preferred shares
20


56


9

(Loss)/Income Available for Common Stockholders
$
(6,402
)
 
$
78

 
$
(395
)
(Loss)/Earnings Per Share Attributable to NRG Energy, Inc. Common Stockholders
 
 
 
 
 
Weighted average number of common shares outstanding — basic
329

 
334

 
323

Net (Loss)/Income per Weighted Average Common Share — Basic
$
(19.46
)
 
$
0.23

 
$
(1.22
)
Weighted average number of common shares outstanding — diluted
329

 
339

 
323

Net (Loss)/Income per Weighted Average Common Share — Diluted
$
(19.46
)
 
$
0.23

 
$
(1.22
)
Dividends Per Common Share
$
0.58


$
0.54


$
0.45

See notes to Consolidated Financial Statements.

125