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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
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2017
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
NRG Energy, Inc. (Note Issuer)
 
Eliminations(a)
 
Consolidated
Balance
 
 
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
Net loss
$
(1,001
)
 
$
(356
)
 
$
(2,169
)
 
$
1,189

 
$
(2,337
)
Loss from discontinued operations

 
(160
)
 
(629
)
 

 
(789
)
Net loss from continuing operations
(1,001
)
 
(196
)
 
(1,540
)
 
1,189

 
(1,548
)
Adjustments to reconcile net loss to net cash provided by operating activities:

 

 

 

 

Equity in earnings and distributions from unconsolidated affiliates

 
5

 
4

 
46

 
55

Depreciation and amortization
405

 
619

 
32

 

 
1,056

Provision for bad debts
54

 
2

 
12

 

 
68

Amortization of nuclear fuel
51

 

 

 

 
51

Amortization of financing costs and debt discount/premiums

 
42

 
18

 

 
60

Adjustment for debt extinguishment

 
4

 
49

 

 
53

Amortization of intangibles and out-of-market contracts
27

 
81

 

 

 
108

Amortization of unearned equity compensation

 

 
35

 

 
35

Net gain on sale of assets and equity method investments
(18
)
 
(16
)
 

 

 
(34
)
Impairment losses
1,463

 
321

 
4

 

 
1,788

Changes in derivative instruments
(100
)
 
(69
)
 
24

 
(26
)
 
(171
)
Changes in deferred income taxes and liability for uncertain tax benefits
(300
)
 
69

 
322

 

 
91

Changes in collateral deposits in support of energy risk management activities
(98
)

18

 

 

 
(80
)
Proceeds from sale of emission allowances
25

 

 

 

 
25

Changes in nuclear decommissioning trust liability
11

 

 

 

 
11

Cash (used)/provided by changes in other working capital
(363
)
 
(164
)
 
1,593

 
(1,209
)
 
(143
)
Cash provided by continuing operations
156

 
716

 
553

 

 
1,425

Cash used by discontinued operations

 
(38
)
 

 

 
(38
)
Net Cash Provided by Operating Activities
156

 
678

 
553

 

 
1,387

Cash Flows from Investing Activities

 

 

 


 
 

Dividends from NRG Yield, Inc.

 

 
94

 
(94
)
 

Acquisition of Drop Down Assets, net of cash acquired

 
(249
)
 

 
249

 

Intercompany dividends

 

 
129

 
(129
)
 

Acquisition of businesses, net of cash acquired
(14
)
 
(27
)
 

 

 
(41
)
Capital expenditures
(183
)
 
(906
)
 
(22
)
 

 
(1,111
)
Net cash proceeds from notes receivable

 
17

 

 

 
17

Proceeds from renewable energy grants
8

 

 

 

 
8

Proceeds from sale of emission allowances
66

 

 

 

 
66

Investments in nuclear decommissioning trust fund securities
(512
)
 

 

 

 
(512
)
Proceeds from sales of nuclear decommissioning trust fund securities
501

 

 

 

 
501

Proceeds from sale of assets, net
33

 
54

 

 

 
87

Investments in unconsolidated affiliates

 
(40
)
 

 

 
(40
)
Other
18

 
(6
)
 

 

 
12

Cash (used)/provided by continuing operations
(83
)
 
(1,157
)
 
201

 
26

 
(1,013
)
Cash used by discontinued operations

 
(53
)
 

 

 
(53
)
Net Cash (Used)/Provided by Investing Activities
(83
)
 
(1,210
)
 
201

 
26

 
(1,066
)
Cash Flows from Financing Activities


 
 

 
 

 
 
 
 
Dividends from NRG Yield, Inc.

 
(94
)
 

 
94

 

Payments from/(for) intercompany loans
(45
)
 
13

 
32

 

 

Acquisition of Drop Down Assets, net of cash acquired

 

 
249

 
(249
)
 

Intercompany dividends

 
(129
)
 

 
129

 

Payment of dividends to common and preferred stockholders

 

 
(38
)
 

 
(38
)
Net receipts from settlement of acquired derivatives that include financing elements

 
2

 

 

 
2

Payments for debt extinguishment costs

 

 
(42
)
 

 
(42
)
Distributions from, net of contributions to, noncontrolling interest in subsidiaries

 
95

 

 

 
95

Payments from issuance of common stock

 

 
(2
)
 

 
(2
)
Proceeds from issuance of long-term debt

 
1,186

 
1,084

 

 
2,270

Payment of debt issuance and hedging costs

 
(47
)
 
(16
)
 

 
(63
)
Payments for short and long-term debt

 
(647
)
 
(1,701
)
 

 
(2,348
)
Receivable from affiliate

 
(125
)
 

 

 
(125
)
Other

 
(10
)
 

 

 
(10
)
Cash provided/(used) by continuing operations
(45
)
 
244

 
(434
)
 
(26
)
 
(261
)
Cash used by discontinued operations

 
(224
)
 

 

 
(224
)
Net Cash Provided/(Used) by Financing Activities
(45
)
 
20

 
(434
)
 
(26
)
 
(485
)
Effect of exchange rate changes on cash and cash equivalents

 
(1
)
 

 

 
(1
)
Change in cash from discontinued operations

 
(315
)
 

 

 
(315
)
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties
28

 
(198
)
 
320

 

 
150

Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period
13

 
1,050

 
323

 

 
1,386

Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period
$
41

 
$
852

 
$
643

 
$

 
$
1,536

(a)
All significant intercompany transactions have been eliminated in consolidation.

219