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, 2013
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
NRG Energy, Inc.
 
Eliminations(a)
 
Consolidated
Balance
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
Net Income/(Loss)
121

 
45

 
(372
)
 
(146
)
 
(352
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated affiliates
51

 
26

 

 

 
77

Equity in losses of unconsolidated affiliates
11

 
(22
)
 

 
4

 
(7
)
Depreciation and amortization
837

 
407

 
12

 

 
1,256

Provision for bad debts
67

 

 

 

 
67

Amortization of nuclear fuel
36

 

 

 

 
36

Amortization of financing costs and debt discount/premiums

 
(9
)
 
(24
)
 

 
(33
)
Adjustment for debt extinguishment

 
(27
)
 
12

 

 
(15
)
Amortization of intangibles and out-of-market contracts
100

 
(51
)
 

 

 
49

Amortization of unearned equity compensation

 

 
38

 

 
38

Gain on sale of assets, net

 
(3
)
 

 

 
(3
)
Impairment losses
459

 
99

 

 

 
558

Changes in derivative instruments
197

 
(33
)
 

 

 
164

Changes in deferred income taxes and liability for uncertain tax benefits
(58
)
 
292

 
(301
)
 

 
(67
)
Changes in nuclear decommissioning trust liability
15

 

 

 

 
15

Cash used by changes in other working capital
482

 
(941
)
 
(1,911
)
 
1,857

 
(513
)
Net Cash Provided/(Used) by Operating Activities
2,318

 
(217
)
 
(2,546
)
 
1,715

 
1,270

Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
Intercompany loans to subsidiaries
(1,722
)
 
7

 
1,715

 

 

Acquisition of business, net of cash acquired

 
(179
)
 
(315
)
 

 
(494
)
Capital expenditures
(528
)
 
(1,413
)
 
(46
)
 

 
(1,987
)
(Increase)/decrease in restricted cash
(1
)
 
(22
)
 
1

 

 
(22
)
(Increase)/decrease in restricted cash - U.S. DOE projects

 
(31
)
 
5

 

 
(26
)
Decrease/(increase) in notes receivable
2

 
(7
)
 
(6
)
 

 
(11
)
Proceeds from renewable energy grants

 
55

 

 

 
55

Purchases of emission allowances, net of proceeds
5

 

 

 

 
5

Investments in nuclear decommissioning trust fund securities
(514
)
 

 

 

 
(514
)
Proceeds from sales of nuclear decommissioning trust fund securities
488

 

 

 

 
488

Proceeds from sale of assets, net
13

 

 

 

 
13

Other
(4
)
 
(11
)
 
(20
)
 

 
(35
)
Net Cash Used by Investing Activities
(2,261
)
 
(1,601
)
 
1,334

 

 
(2,528
)
Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
Proceeds from intercompany loans

 

 
1,715

 
(1,715
)
 

Payment for dividends to preferred stockholders

 

 
(154
)
 

 
(154
)
Net (payments for)/receipts from acquired derivatives that include financing elements
(79
)
 
346

 

 

 
267

Payment for treasury stock

 

 
(25
)
 

 
(25
)
Sales proceeds from sale of noncontrolling interest in subsidiary

 
531

 

 

 
531

Proceeds from issuance of common stock

 

 
16

 

 
16

Proceeds from issuance of long-term debt

 
1,292

 
485

 

 
1,777

Payment of debt issuance and hedging costs

 
(21
)
 
(29
)
 

 
(50
)
Payments of short and long-term debt

 
(716
)
 
(219
)
 

 
(935
)
Net Cash (Used)/Provided by Financing Activities
(79
)
 
1,432

 
1,789

 
(1,715
)
 
1,427

Effect of exchange rate changes on cash and cash equivalents

 
(2
)
 

 

 
(2
)
Net Increase/(Decrease) in Cash and Cash Equivalents
(22
)
 
(388
)
 
577

 

 
167

Cash and Cash Equivalents at Beginning of Period
78

 
1,258

 
751

 

 
2,087

Cash and Cash Equivalents at End of Period
$
56

 
$
870

 
$
1,328

 
$

 
$
2,254

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

222