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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
Entire Document
 

Contractual Obligations and Commercial Commitments
NRG has a variety of contractual obligations and other commercial commitments that represent prospective cash requirements in addition to the Company's capital expenditure programs. The following tables summarize NRG's contractual obligations and contingent obligations for guarantees. See also Item 15 — Note 12, Debt and Capital Leases, Note 22, Commitments and Contingencies, and Note 26, Guarantees, to the Consolidated Financial Statements for additional discussion.
 
By Remaining Maturity at December 31,
 
2017
 
 
Contractual Cash Obligations
Under
1 Year
 
1-3 Years
 
3-5 Years
 
Over
5 Years
 
Total (a)
 
2016 Total
 
(In millions)
Long-term debt (including estimated interest)
$
1,521

 
$
3,315

 
$
3,913

 
$
14,738

 
$
23,487

 
$
24,863

Capital lease obligations (including estimated interest)
4

 
1

 

 

 
5

 
7

Operating leases
79

 
157

 
138

 
707

 
1,081

 
982

Fuel purchase and transportation obligations
527

 
338

 
215

 
296

 
1,376

 
1,476

Fixed purchased power commitments
21

 
26

 
21

 

 
68

 
87

Pension minimum funding requirement (b)
29

 
48

 
42

 
86

 
205

 
375

Other postretirement benefits minimum funding requirement (c)
7

 
16

 
16

 
35

 
74

 
80

Other liabilities (d)
75

 
151

 
116

 
309

 
651

 
917

Total
$
2,263

 
$
4,052

 
$
4,461

 
$
16,171

 
$
26,947

 
$
28,787

(a)
Excludes $30 million non-current payable relating to NRG's uncertain tax benefits under ASC 740 as the period of payment cannot be reasonably estimated. Also excludes $771 million of asset retirement obligations which are discussed in Item 15 — Note 13, Asset Retirement Obligations, to the Consolidated Financial Statements.
(b)
These amounts represent the Company's estimated minimum pension contributions required under the Pension Protection Act of 2006. These amounts represent estimates that are based on assumptions that are subject to change.
(c)
These amounts represent estimates that are based on assumptions that are subject to change. The minimum required contribution for years after 2027 are currently not available.
(d)
Includes water right agreements, service and maintenance agreements, stadium naming rights, LTSA commitments and other contractual obligations.
 
By Remaining Maturity at December 31,
 
2017
 
 
Guarantees
Under
1 Year
 
1-3 Years
 
3-5 Years
 
Over
5 Years
 
Total
 
2016 Total
 
(In millions)
Letters of credit and surety bonds(a)
$
1,467

 
$
66

 
$
7

 
$
93

 
$
1,633

 
$
1,837

Asset sales guarantee obligations

 

 
257

 
55

 
312

 
677

Other guarantees

 
32

 

 
613

 
645

 
253

Total guarantees
$
1,467

 
$
98

 
$
264

 
$
761

 
$
2,590

 
$
2,767

(a)
Excludes $92 million and $272 million of letters of credit issued under the intercompany revolving credit agreement between NRG and GenOn as of December 31, 2017 and 2016, respectively.

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