SEC Filings

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

Item 6 — Selected Financial Data
The following table presents NRG's historical selected financial data. This historical data should be read in conjunction with the Consolidated Financial Statements and the related notes thereto in Item 15 and Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations. The Company has completed several acquisitions and dispositions, as described in Item 15 Note 3, Business Acquisitions and Dispositions.
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 
(In millions except ratios and per share data)
Statement of income data:
 
 
 
 
 
 
 
 
 
Total operating revenues
$
14,674

 
$
15,868

 
$
11,295

 
$
8,422

 
$
9,079

Total operating costs and expenses, and other expenses (a)
14,703

 
15,655

 
11,371

 
8,432

 
9,070

Impairment losses
5,030

 
97

 
459

 

 
160

Operating (loss)/income
(4,040
)
 
1,271

 
343

 
350

 
635

Impairment losses on investments
56

 

 
99

 
2

 
495

(Loss)/income from continuing operations, net
(6,436
)
 
132

 
(352
)
 
315

 
197

Net (loss)/income attributable to NRG Energy, Inc. 
$
(6,382
)
 
$
134

 
$
(386
)
 
$
295

 
$
197

Common share data:
 
 
 
 
 
 
 
 
 
Basic shares outstanding — average
329

 
334

 
323

 
232

 
240

Diluted shares outstanding — average
329

 
339

 
323

 
234

 
241

Shares outstanding — end of year
314

 
337

 
324

 
323

 
228

Per share data:
 
 
 
 
 
 
 
 
 
Net (loss)/income attributable to NRG — basic
$
(19.46
)
 
$
0.23

 
$
(1.22
)
 
$
1.23

 
$
0.78

Net (loss)/income attributable to NRG — diluted
(19.46
)
 
0.23

 
(1.22
)
 
1.22

 
0.78

Dividends declared per common share
0.58

 
0.54

 
0.45

 
0.18

 

Book value
$
17.29

 
$
34.67

 
$
32.33

 
$
31.83

 
$
33.71

Business metrics:
 
 
 
 
 
 
 
 
 
Cash flow from operations
$
1,309

 
$
1,510

 
$
1,270

 
$
1,149

 
$
1,166

Liquidity position (b)
$
3,305

 
$
3,940

 
$
3,695

 
$
3,362

 
$
2,328

Ratio of earnings to fixed charges
(3.27
)
 
1.14

 
0.45

 
0.84

 
0.77

Ratio of earnings to fixed charges and preferred dividends
(3.18
)
 
1.06

 
0.45

 
0.83

 
0.76

Return on equity
(117.45
)%
 
1.15
%
 
(3.69
)%
 
2.87
%
 
2.57
%
Ratio of debt to total capitalization
75.95
 %
 
60.41
%
 
57.60
 %
 
56.74
%
 
52.43
%
Balance sheet data:
 
 
 
 
 
 
 
 
 
Current assets
$
7,391

 
$
8,408

 
$
7,596

 
$
7,972

 
$
7,749

Current liabilities
4,375

 
4,859

 
4,204

 
4,670

 
5,861

Property, plant and equipment, net
18,732

 
22,367

 
19,851

 
20,153

 
13,621

Total assets
32,882

 
40,466

 
33,902

 
34,983

 
26,900

Long-term debt, including current maturities, and capital leases (c) (d)
19,636

 
20,374

 
16,817

 
15,883

 
9,832

Total stockholders' equity
$
5,434

 
$
11,676

 
$
10,467

 
$
10,269

 
$
7,669

(a)
Excludes impairment losses and impairment losses on investments.
(b)
Liquidity position is determined as disclosed in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, Liquidity and Capital Resources, Liquidity Position. It excludes collateral funds deposited by counterparties of $106 million, $72 million, and $271 million as of December 31, 2015, 2014, and 2013, respectively, which represents cash held as collateral from hedge counterparties in support of energy risk management activities. It is the Company's intention to limit the use of these funds for repayment of the related current liability for collateral received in support of energy risk management activities.
(c)
Includes funded letter of credit in 2011.
(d)
Includes debt issuance cost in 2015 and 2014.


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