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 CASH FLOWS
 
For the Year Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 
 
Net (loss)/income
$
(6,436
)
 
$
132

 
$
(352
)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
 
 
 
 
 
Distributions and equity in earnings of unconsolidated affiliates
37


49

 
84

Depreciation and amortization
1,566

 
1,523

 
1,256

Provision for bad debts
64

 
64

 
67

Amortization of nuclear fuel
45

 
46

 
36

Amortization of financing costs and debt discount/premiums
(11
)
 
(12
)
 
(33
)
Adjustment to (gain)/loss on debt extinguishment
(75
)
 
25

 
(15
)
Amortization of intangibles and out-of-market contracts
81

 
64

 
49

Amortization of unearned equity compensation
41

 
42

 
38

Gain on post retirement benefits curtailment and sales of assets
(7
)
 
(4
)
 
(3
)
Impairment losses
5,086

 
97

 
558

Changes in derivative instruments
233

 
(61
)
 
164

Changes in deferred income taxes and liability for uncertain tax benefits
1,326

 
(154
)
 
(67
)
Changes in collateral deposits in support of risk management activities
(381
)
 
146

 
(47
)
Changes in nuclear decommissioning trust liability
(2
)
 
19

 
15

Cash provided/(used) by changes in other working capital, net of acquisition and disposition effects:
 
 
 
 
 
Accounts receivable - trade
136

 
(2
)
 
(224
)
Inventory
(26
)
 
(245
)
 
11

Prepayments and other current assets
8

 
36

 
25

Accounts payable
(218
)
 
(12
)
 
275

Accrued expenses and other current liabilities
(9
)
 
(26
)
 
(114
)
Other assets and liabilities
(149
)
 
(217
)
 
(453
)
Net Cash Provided by Operating Activities
1,309

 
1,510

 
1,270

Cash Flows from Investing Activities
 
 
 
 
 
Acquisition of businesses, net of cash acquired
(31
)
 
(2,936
)
 
(494
)
Capital expenditures
(1,283
)
 
(909
)
 
(1,987
)
Decrease/(increase) in restricted cash, net
8

 
57

 
(22
)
Decrease/(increase) in restricted cash to support equity requirements for U.S. DOE funded projects
35

 
(206
)
 
(26
)
Decrease/(increase) in notes receivable
18

 
25

 
(11
)
Proceeds from renewable energy grants
82

 
916

 
55

Purchases of emission allowances, net of proceeds
41

 
(16
)
 
5

Investments in nuclear decommissioning trust fund securities
(629
)
 
(619
)
 
(514
)
Proceeds from sales of nuclear decommissioning trust fund securities
631

 
600

 
488

Proceeds from sale of assets, net
27

 
203

 
13

Investments in unconsolidated affiliates
(395
)
 
(103
)
 

Other
11

 
85

 
(35
)
Net Cash Used by Investing Activities
(1,485
)
 
(2,903
)
 
(2,528
)
Cash Flows from Financing Activities
 
 
 
 
 
Payment of dividends to preferred and common stockholders
(201
)
 
(196
)
 
(154
)
Net receipts from settlement of acquired derivatives that include financing elements
196

 
9

 
267

Payment for treasury stock
(437
)
 
(39
)
 
(25
)
Sales proceeds and other contributions from noncontrolling interests in subsidiaries
647

 
819

 
531

Proceeds from issuance of common stock
1

 
21

 
16

Proceeds from issuance of long-term debt
1,004

 
4,563

 
1,777

Payment of debt issuance and hedging costs
(21
)
 
(67
)
 
(50
)
Payments for short and long-term debt
(1,599
)
 
(3,827
)
 
(935
)
Other
(22
)
 
(18
)
 

Net Cash (Used)/Provided by Financing Activities
(432
)
 
1,265

 
1,427

Effect of exchange rate changes on cash and cash equivalents
10

 
(10
)
 
(2
)
Net (Decrease)/Increase in Cash and Cash Equivalents
(598
)
 
(138
)
 
167

Cash and Cash Equivalents at Beginning of Period
2,116

 
2,254

 
2,087

Cash and Cash Equivalents at End of Period
$
1,518

 
$
2,116

 
$
2,254

See notes to Consolidated Financial Statements.

129