SEC Filings

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

NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2015
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
NRG Energy, Inc. (Note Issuer)
 
Eliminations (a)
 
Consolidated
Balance
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
Net Loss
(2,586
)
 
(351
)
 
(6,351
)
 
2,852

 
(6,436
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
 
 
 
 


Distributions from unconsolidated affiliates
3

 
91

 

 
(21
)
 
73

Equity in losses of unconsolidated affiliates
(8
)
 
(37
)
 

 
9

 
(36
)
Depreciation and amortization
787

 
759

 
20

 

 
1,566

Provision for bad debts
58

 
3

 
3

 

 
64

Amortization of nuclear fuel
45

 

 

 

 
45

Amortization of financing costs and debt discount/premiums

 
(37
)
 
26

 

 
(11
)
Adjustment to gain on debt extinguishment

 
(56
)
 
(19
)
 

 
(75
)
Amortization of intangibles and out-of-market contracts
52

 
29

 

 

 
81

Amortization of unearned equity compensation

 

 
41

 

 
41

Gain on post retirement benefits curtailment and sales of assets

 
(21
)
 
14

 

 
(7
)
Impairment losses
4,655

 
400

 
31

 

 
5,086

Changes in derivative instruments
264

 
(31
)
 

 

 
233

Changes in collateral deposits supporting energy risk management activities
(360
)
 
(21
)
 

 

 
(381
)
Changes in deferred income taxes and liability for uncertain tax benefits
(1,092
)
 
(237
)
 
2,655

 

 
1,326

Changes in nuclear decommissioning trust liability
(2
)
 

 

 

 
(2
)
Cash used by changes in other working capital
(8,744
)
 
(950
)
 
12,276

 
(2,840
)
 
(258
)
Net Cash (Used)/Provided by Operating Activities
(6,928
)

(459
)
 
8,696

 

 
1,309

Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
Proceeds from intercompany loans to subsidiaries
7,183

 
1,258

 

 
(8,441
)
 

Acquisition of 2015 Drop Down Assets, net of cash acquired

 
(698
)
 

 
698

 

Acquisition of businesses, net of cash acquired

 
(31
)
 

 

 
(31
)
Capital expenditures
(316
)
 
(908
)
 
(59
)
 

 
(1,283
)
(Increase)/decrease in restricted cash, net
(1
)
 
9

 

 

 
8

Decrease in restricted cash - U.S. DOE projects

 
34

 
1

 

 
35

Decrease in notes receivable

 
18

 

 

 
18

Proceeds from renewable energy grants

 
82

 

 

 
82

Purchases of emission allowances, net of proceeds
41

 

 

 

 
41

Investments in nuclear decommissioning trust securities
(629
)
 

 

 

 
(629
)
Proceeds from sales of nuclear decommissioning trust fund securities
631

 

 

 

 
631

Proceeds from sale of assets, net

 
1

 
26

 

 
27

Investments in unconsolidated affiliates
1

 
(357
)
 
(39
)
 

 
(395
)
Other

 
11

 

 

 
11

Net Cash Provided/(Used) by Investing Activities
6,910

 
(581
)
 
(71
)
 
(7,743
)
 
(1,485
)
Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
Payments from intercompany loans

 

 
(8,441
)
 
8,441

 

Acquisition of 2015 Drop Down Assets, net of cash acquired

 

 
698

 
(698
)
 

Payment of dividends to preferred and common stockholders

 

 
(201
)
 

 
(201
)
Net receipts from settlement of acquired derivatives that include financing elements

 
196

 

 

 
196

Payment for treasury stock

 

 
(437
)
 

 
(437
)
Sale proceeds and other contributions from noncontrolling interests in subsidiaries

 
647

 

 

 
647

Proceeds from issuance of common stock

 

 
1

 

 
1

Proceeds from issuance of long-term debt

 
953

 
51

 

 
1,004

Payment of debt issuance and hedging costs

 
(21
)
 

 

 
(21
)
Payments for short and long-term debt

 
(1,353
)
 
(246
)
 

 
(1,599
)
Other

 
(22
)
 

 

 
(22
)
Net Cash (Used)/Provided by Financing Activities

 
400

 
(8,575
)
 
7,743

 
(432
)
Effect of exchange rate changes on cash and cash equivalents

 
10

 

 

 
10

Net (Decrease)/Increase in Cash and Cash Equivalents
(18
)
 
(630
)
 
50

 

 
(598
)
Cash and Cash Equivalents at Beginning of Period
18

 
1,455

 
643

 

 
2,116

Cash and Cash Equivalents at End of Period
$

 
$
825

 
$
693

 
$

 
$
1,518

(a)
All significant intercompany transactions have been eliminated in consolidation.

215