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SEC Filing Details

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

The following table presents NRG's amortization of intangible assets for each of the past three years:
 
Years Ended December 31,
Amortization
2017
 
2016
 
2015
 
(In millions)
Emission allowances
$
73

 
$
66

 
$
60

Energy supply contracts

 
7

 
5

Fuel contracts
1

 
2

 
2

Customer contracts
1

 
2

 
2

Customer relationships
35

 
49

 
67

Marketing partnerships
5

 
8

 
14

Trade names
23

 
22

 
23

Power purchase agreements
62

 
64

 
51

Other
7

 
11

 
14

Total amortization
$
207

 
$
231

 
$
238

The following table presents estimated amortization of NRG's intangible assets for each of the next five years:
 
 
 
Contracts
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
Emission
Allowances
 
Fuel
 
Customer
 
Customer
Relationships
 
Marketing Partnerships
 
Trade
Names
 
PPA
 
Other
 
Total
 
(In millions)
2018
$
33

 
$
1

 
$
1

 
$
25

 
$
5

 
$
22

 
$
64

 
$
8

 
$
159

2019
30

 

 
1

 
21

 
4

 
22

 
64

 
8

 
150

2020
16

 

 
1

 
17

 
4

 
22

 
64

 
8

 
132

2021
16

 

 
1

 
13

 
4

 
22

 
64

 
8

 
128

2022
15

 

 
1

 
7

 
3

 
22

 
64

 
8

 
120

Intangible assets held for sale — From time to time, management may authorize the transfer from the Company's emission bank of emission allowances held-for-use to intangible assets held-for-sale. Emission allowances held-for-sale are included in other non-current assets on the Company's consolidated balance sheet and are not amortized, but rather expensed as sold. As of December 31, 2017, the value of emission allowances held-for-sale is $9 million and is managed within the Corporate segment. Once transferred to held-for-sale, these emission allowances are prohibited from moving back to held-for-use.
Out-of-market contracts — Due primarily to business acquisitions, NRG acquired certain out-of-market contracts, which are classified as non-current liabilities on NRG's consolidated balance sheet. These include out-of-market lease contracts of $159 million acquired in the acquisition of EME. These out-of-market contracts are amortized to cost of operations. As of December 31, 2017 and 2016, the Company had accumulated amortization for out-of-market contracts of $358 million and $457 million, respectively.
The following table summarizes the estimated amortization related to NRG's out-of-market contracts:
Year Ended December 31,
Power Contracts
 
Leases
 
Total
 
(In millions
2018
$
16

 
$
9

 
$
25

2019
16

 
9

 
25

2020
17

 
9

 
26

2021
14

 
9

 
23

2022
1

 
9

 
10


169