SEC Filings

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

Cash Flow Discussion
2015 compared to 2014
The following table reflects the changes in cash flows for the comparative years:
 
Year ended December 31,
(In millions)
2015
 
2014
 
Change
Net cash provided by operating activities
$
1,309

 
$
1,510

 
$
(201
)
Net cash used by investing activities
(1,485
)
 
(2,903
)
 
1,418

Net cash (used by)/provided by financing activities
(432
)
 
1,265

 
(1,697
)
Net Cash Provided By Operating Activities
Changes to net cash provided by operating activities were driven by:
Changes in working capital
$
365

Increase in operating income adjusted for non-cash items
(39
)
Change in cash collateral in support of risk management activities
(527
)
 
$
(201
)
 Net Cash Used By Investing Activities
Changes to net cash used by investing activities were driven by:
Decrease in cash paid for acquisitions, due primarily to the acquisitions of EME and Alta Wind in 2014
$
2,905

Decrease in cash grants, primarily reflecting the 2014 receipt of the CVSR cash grant
(834
)
Increase in capital expenditures related to maintenance and environmental projects
(374
)
Increase in equity investments, primarily related to 25% investment in Desert Sunlight in 2015
(301
)
Decrease in proceeds from sale of assets, due to the sales of Kendall, Bayou Cove and 50% of the Company's interest in Petra Nova in 2014
(167
)
Decrease in restricted cash
192

Cash proceeds to fund cash grant bridge loan payment in 2014
(57
)
Other
54

 
$
1,418

Net Cash (Used)/Provided By Financing Activities
Changes in net cash provided by financing activities were driven by:
 Net decrease in borrowing, offset by debt payments which primarily reflects the issuance of the 2021 and 2024 Senior Notes in 2014
$
(1,331
)
Increase in repurchase of treasury stock
(398
)
Decrease in cash contributions from noncontrolling interest
(172
)
Decrease in proceeds from issuance of common stock
(20
)
Increase in payments of dividends
(5
)
Increase in contingent consideration payments
(4
)
Increase in financing element of acquired derivatives
187

Decrease in cash paid for deferred financing costs
46

 
$
(1,697
)

99