NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2015
| | | | | | | | | | | | | | | | | | | | | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | NRG Energy, Inc. (Note Issuer) | | Eliminations (a) | | Consolidated Balance | | (In millions) | Operating Revenues | | | | | | | | | | Total operating revenues | $ | 10,024 |
| | $ | 4,768 |
| | $ | — |
| | $ | (118 | ) | | $ | 14,674 |
| Operating Costs and Expenses | | | | | | | | | | Cost of operations | 7,712 |
| | 3,147 |
| | 14 |
| | (118 | ) | | 10,755 |
| Depreciation and amortization | 787 |
| | 759 |
| | 20 |
| | — |
| | 1,566 |
| Impairment losses | 4,655 |
| | 375 |
| | — |
| | — |
| | 5,030 |
| Selling, general and administrative | 467 |
| | 403 |
| | 350 |
| | — |
| | 1,220 |
| Acquisition-related transaction and integration costs | 1 |
| | (5 | ) | | 14 |
| | — |
| | 10 |
| Development activity expenses | — |
| | 61 |
| | 93 |
| | — |
| | 154 |
| Total operating costs and expenses | 13,622 |
| | 4,740 |
| | 491 |
| | (118 | ) | | 18,735 |
| Gain on postretirement benefits curtailment | — |
| | 21 |
| | — |
| | — |
| | 21 |
| Operating (Loss)/Income | (3,598 | ) | | 49 |
| | (491 | ) | | — |
| | (4,040 | ) | Other Income/(Expense) | | | | | | | | | | Equity in losses of consolidated subsidiaries | (86 | ) | | (29 | ) | | (2,799 | ) | | 2,914 |
| | — |
| Equity in earnings of unconsolidated affiliates | 8 |
| | 37 |
| | — |
| | (9 | ) | | 36 |
| Impairment charge on investment | — |
| | (25 | ) | | (31 | ) | | — |
| | (56 | ) | Other income, net | 4 |
| | 29 |
| | — |
| | — |
| | 33 |
| Loss on sale of equity-method investment | — |
| | — |
| | (14 | ) | | — |
| | (14 | ) | Net gain on debt extinguishment | — |
| | 56 |
| | 19 |
| | — |
| | 75 |
| Interest expense | (18 | ) | | (564 | ) | | (546 | ) | | — |
| | (1,128 | ) | Total other expense | (92 | ) | | (496 | ) | | (3,371 | ) | | 2,905 |
| | (1,054 | ) | Loss Before Income Taxes | (3,690 | ) | | (447 | ) | | (3,862 | ) | | 2,905 |
| | (5,094 | ) | Income tax (benefit)/expense | (1,104 | ) | | (96 | ) | | 2,489 |
| | 53 |
| | 1,342 |
| Net Loss | (2,586 | ) | | (351 | ) | | (6,351 | ) | | 2,852 |
| | (6,436 | ) | Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | — |
| | (23 | ) | | 31 |
| | (62 | ) | | (54 | ) | Net Loss Attributable to NRG Energy, Inc. | $ | (2,586 | ) | | $ | (328 | ) | | $ | (6,382 | ) | | $ | 2,914 |
| | $ | (6,382 | ) |
| | (a) | All significant intercompany transactions have been eliminated in consolidation. |
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