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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 CASH FLOWS
 
For the Year Ended December 31,
 
2017
 
2016
 
2015
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 

Net loss
(2,337
)

(891
)

(6,436
)
(Loss)/income from discontinued operations, net of income tax
(789
)

92


(105
)
Loss from continuing operations
$
(1,548
)

$
(983
)

$
(6,331
)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
 
 
 
 
 
Equity in earnings and distribution of unconsolidated affiliates
55


54

 
37

Depreciation and amortization
1,056

 
1,172

 
1,351

Provision for bad debts
68

 
48

 
64

Amortization of nuclear fuel
51

 
49

 
45

Amortization of financing costs and debt discount/premiums
60

 
55

 
47

Adjustment for debt extinguishment
53

 
142

 
(10
)
Amortization of intangibles and out-of-market contracts
108

 
167

 
151

Amortization of unearned equity compensation
35

 
10

 
39

Net (gain)/loss on sale of assets and equity method investments
(34
)
 
70

 
14

Gain on post retirement benefits curtailment




(21
)
Impairment losses
1,788

 
972

 
4,916

Changes in derivative instruments
(171
)
 
32

 
235

Changes in deferred income taxes and liability for uncertain tax benefits
91

 
(43
)
 
1,326

Changes in collateral deposits in support of risk management activities
(80
)
 
398

 
(334
)
Proceeds from sale of emission allowances
25


34


(24
)
Changes in nuclear decommissioning trust liability
11

 
41

 
(2
)
Cash provided/(used) by changes in other working capital, net of acquisition and disposition effects:
 
 
 
 
 
Accounts receivable - trade
(99
)
 
(7
)
 
113

Inventory
143

 
71

 
(59
)
Prepayments and other current assets
12

 
(44
)
 
(21
)
Accounts payable
77

 
(39
)
 
(180
)
Accrued expenses and other current liabilities
(60
)
 
(35
)
 
(29
)
Other assets and liabilities
(216
)
 
43

 
(40
)
Cash provided by continuing operations
1,425


2,207


1,287

Cash (used)/provided by discontinued operations
(38
)

(119
)

62

Net Cash Provided by Operating Activities
1,387

 
2,088

 
1,349

Cash Flows from Investing Activities

 
 
 
 
Acquisition of businesses, net of cash acquired
(41
)
 
(209
)
 
(31
)
Capital expenditures
(1,111
)
 
(976
)
 
(1,029
)
Net cash proceeds from notes receivable
17

 
17

 
18

Proceeds from renewable energy grants
8

 
36

 
82

Proceeds from/(purchases) of emission allowances, net of purchases
66

 
(1
)
 
41

Investments in nuclear decommissioning trust fund securities
(512
)
 
(551
)
 
(629
)
Proceeds from sales of nuclear decommissioning trust fund securities
501

 
510

 
631

Proceeds from sale of assets, net
87

 
73

 
27

Investments in unconsolidated affiliates
(40
)
 
(23
)
 
(395
)
Other
12

 
35

 
16

Cash used by continuing operations
(1,013
)

(1,089
)

(1,269
)
Cash (used)/provided by discontinued operations
(53
)

297


(259
)
Net Cash Used by Investing Activities
(1,066
)

(792
)

(1,528
)
Cash Flows from Financing Activities
 
 
 
 
 
Payments of dividends to preferred and common stockholders
(38
)
 
(76
)
 
(201
)
Net receipts from settlement of acquired derivatives that include financing elements
2

 
6

 
14

Payments for treasury stock

 

 
(437
)
Payments for preferred shares


(226
)


Payments for debt extinguishment costs
(42
)

(121
)


Distributions to, net of contributions from, noncontrolling interests in subsidiaries
95

 
(156
)
 
47

Proceeds from sale of noncontrolling interests in subsidiaries




600

(Payments)/Proceeds from issuance of common stock
(2
)
 
1

 
1

Proceeds from issuance of long-term debt
2,270

 
5,527

 
1,004

Payments of debt issuance and hedging costs
(63
)
 
(89
)
 
(21
)
Payments for short and long-term debt
(2,348
)
 
(5,908
)
 
(1,362
)
Receivable from affiliate
(125
)




Other
(10
)
 
(13
)
 
(22
)
Cash used by continuing operations
(261
)

(1,055
)

(377
)
Cash (used)/provided by discontinued operations
(224
)

140


(55
)
Net Cash Used by Financing Activities
(485
)

(915
)

(432
)
Effect of exchange rate changes on cash and cash equivalents
(1
)
 
1

 
10

Change in Cash from discontinued operations
(315
)

318


(252
)
Net Increase/(Decrease) in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash
150


64


(349
)
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period
1,386


1,322


1,671

Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period
$
1,536


$
1,386


$
1,322

See notes to Consolidated Financial Statements.

130