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SEC Filing Details

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


 
NRG ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
 
For the Year Ended December 31,
(In millions, except per share amounts)
2017
 
2016
 
2015
Operating Revenues

 
 
 
 
Total operating revenues
$
10,629

 
$
10,512

 
$
12,328

Operating Costs and Expenses

 
 
 
 
Cost of operations
7,536

 
7,301

 
9,000

Depreciation and amortization
1,056

 
1,172

 
1,351

Impairment losses
1,709

 
702

 
4,860

Selling, general and administrative
907

 
1,095

 
1,228

Reorganization costs
44

 

 

Development costs
67

 
89

 
154

Total operating costs and expenses
11,319

 
10,359

 
16,593

Other income - affiliate
87

 
193

 
193

Gain/(loss) on sale of assets
16

 
(80
)
 

Gain on postretirement benefits curtailment

 

 
21

Operating (Loss)/Income
(587
)
 
266

 
(4,051
)
Other Income/(Expense)

 
 
 
 
Equity in earnings of unconsolidated affiliates
31

 
27

 
36

Impairment losses on investments
(79
)
 
(268
)
 
(56
)
Other income, net
38

 
34

 
26

Loss on sale of equity method investment

 

 
(14
)
Net (loss)/gain on debt extinguishment
(53
)
 
(142
)
 
10

Interest expense
(890
)
 
(895
)
 
(937
)
Total other expense
(953
)
 
(1,244
)
 
(935
)
Loss from Continuing Operations Before Income Taxes
(1,540
)
 
(978
)
 
(4,986
)
Income tax expense
8

 
5

 
1,345

Net Loss from Continuing Operations
(1,548
)
 
(983
)
 
(6,331
)
(Loss)/income from discontinued operations, net of income tax
(789
)
 
92

 
(105
)
Net Loss
(2,337
)
 
(891
)
 
(6,436
)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests
(184
)
 
(117
)
 
(54
)
Net Loss Attributable to NRG Energy, Inc.
(2,153
)
 
(774
)
 
(6,382
)
Dividends for preferred shares

 
5

 
20

Gain on redemption of preferred shares

 
(78
)
 

Loss Available for Common Stockholders
$
(2,153
)
 
$
(701
)
 
$
(6,402
)
Loss Per Share Attributable to NRG Energy, Inc. Common Stockholders
 
 
 
 
 
Weighted average number of common shares outstanding — basic and diluted
317

 
316

 
329

Loss from continuing operations per weighted average common share — basic and diluted
$
(4.30
)

$
(2.51
)

$
(19.14
)
(Loss)/Income from discontinued operations per weighted average common share — basic and diluted
$
(2.49
)

$
0.29


$
(0.32
)
Net Loss per Weighted Average Common Share — Basic and Diluted
$
(6.79
)
 
$
(2.22
)
 
$
(19.46
)
Dividends Per Common Share
$
0.12


$
0.24


$
0.58

See notes to Consolidated Financial Statements.

126