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, 2014
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
NRG Energy, Inc.
 
Eliminations (a)
 
Consolidated
Balance
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
Net Income
924

 
426

 
149

 
(1,367
)
 
132

Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated affiliates

 
87

 

 

 
87

Equity in losses of unconsolidated affiliates
(13
)
 
(33
)
 

 
8

 
(38
)
Depreciation and amortization
801

 
706

 
16

 

 
1,523

Provision for bad debts
64

 

 

 

 
64

Amortization of nuclear fuel
46

 

 

 

 
46

Amortization of financing costs and debt discount/premiums

 
(40
)
 
28

 

 
(12
)
Adjustment to loss on debt extinguishment

 
8

 
17

 

 
25

Amortization of intangibles and out-of-market contracts
65

 
(1
)
 

 

 
64

Amortization of unearned equity compensation

 

 
42

 

 
42

Gain on sale of assets, net

 
(4
)
 

 

 
(4
)
Impairment losses

 
119

 

 
(22
)
 
97

Changes in derivative instruments
(149
)
 
88

 

 

 
(61
)
Changes in deferred income taxes and liability for uncertain tax benefits
242

 
(115
)
 
(281
)
 

 
(154
)
Changes in nuclear decommissioning trust liability
19

 

 

 

 
19

Cash used by changes in other working capital
787

 
(973
)
 
(4,723
)
 
4,589

 
(320
)
Net Cash Provided/(Used) by Operating Activities
2,786

 
268

 
(4,752
)
 
3,208

 
1,510

Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
Intercompany loans to subsidiaries
(2,523
)
 
(685
)
 
3,208

 

 

Acquisition of businesses, net of cash acquired

 
(25
)
 
(2,911
)
 

 
(2,936
)
Capital expenditures
(252
)
 
(619
)
 
(38
)
 

 
(909
)
Decrease in restricted cash, net

 
57

 

 

 
57

(Increase) in restricted cash - U.S. DOE projects

 
(209
)
 
3

 

 
(206
)
Decrease in notes receivable

 
25

 

 

 
25

Proceeds from renewable energy grants

 
916

 

 

 
916

Purchases of emission allowances, net of proceeds
(16
)
 

 

 

 
(16
)
Investments in nuclear decommissioning trust fund securities
(619
)
 

 

 

 
(619
)
Proceeds from sales of nuclear decommissioning trust fund securities
600

 

 

 

 
600

Proceeds from sale of assets, net

 

 
203

 

 
203

Investments in unconsolidated affiliates

 
(25
)
 
(78
)
 

 
(103
)
Other

 
85

 

 

 
85

Net Cash (Used)/Provided by Investing Activities
(2,810
)
 
(480
)
 
387

 

 
(2,903
)
Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
Proceeds from intercompany loans

 

 
3,208

 
(3,208
)
 

Payment of dividends to preferred stockholders

 

 
(196
)
 

 
(196
)
Net receipts from acquired derivatives that include financing elements

 
9

 

 

 
9

Payment for treasury stock

 

 
(39
)
 

 
(39
)
Sales proceeds from sale of noncontrolling interest in subsidiaries

 
819

 

 

 
819

Proceeds from issuance of common stock

 

 
21

 

 
21

Proceeds from issuance of long-term debt

 
1,182

 
3,381

 

 
4,563

Payment of debt issuance and hedging costs

 
(39
)
 
(28
)
 

 
(67
)
Payments of short and long-term debt

 
(1,160
)
 
(2,667
)
 

 
(3,827
)
Other
(14
)
 
(4
)
 

 

 
(18
)
Net Cash (Used)/Provided by Financing Activities
(14
)
 
807

 
3,680

 
(3,208
)
 
1,265

Effect of exchange rate changes on cash and cash equivalents

 
(10
)
 

 

 
(10
)
Net (Decrease)/Increase in Cash and Cash Equivalents
(38
)
 
585

 
(685
)
 

 
(138
)
Cash and Cash Equivalents at Beginning of Period
56

 
870

 
1,328

 

 
2,254

Cash and Cash Equivalents at End of Period
$
18

 
$
1,455

 
$
643

 
$

 
$
2,116

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

219