SEC Filings

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

Management’s discussion of the results of operations for the years ended December 31, 2015, and 2014
(Loss)/income before income tax expense The pre-tax loss of $5,094 million for the year ended December 31, 2015, compared to pre-tax income of $135 million for the year ended December 31, 2014, primarily reflects:
an increase of $4,989 million in impairment losses;
a current year decrease from net mark-to-market results for economic hedges activity of $385 million;
an increase of $448 million in other operating costs comprised primarily of depreciation and amortization, selling and marketing expense, general and administrative expense, acquisition-related transaction and integration costs and development costs;
partially offset by:
an increase in economic gross margin of $455 million comprised of an increase in NRG Home Retail economic gross margin of $219 million, an increase in NRG Yield economic gross margin of $170 million, an increase in NRG Renew economic gross margin of $58 million, an increase in NRG Home Solar economic gross margin of $6 million, and an increase in NRG Business economic gross margin of $2 million;
a decrease of $138 million in other expenses primarily relating to the gain on debt extinguishment.
Net (loss)/income — The decrease in net income of $6,568 million primarily reflects the drivers discussed above, including income tax expense for the year ended December 31, 2015, of $1,342 million, compared to income tax expense of $3 million for the year ended December 31, 2014, which reflects the valuation allowance recorded during the fourth quarter of 2015.





















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