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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, 2015
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
NRG Energy, Inc. (Note Issuer)
 
Eliminations(a)
 
Consolidated
Balance
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
Net loss
$
(2,449
)
 
$
(484
)
 
$
(6,351
)
 
$
2,848

 
$
(6,436
)
(Loss)/income from discontinued operations

 
(115
)
 
10

 

 
(105
)
Net loss from continuing operations
(2,449
)
 
(369
)
 
(6,361
)
 
2,848

 
(6,331
)
Adjustments to reconcile net loss to net cash (used)/provided by operating activities:
 
 
 
 
 
 
 
 
 
Equity in earnings and distribution of unconsolidated affiliates
(5
)
 
54

 

 
(12
)
 
37

Depreciation and amortization
751

 
580

 
20

 

 
1,351

Provision for bad debts
58

 
3

 
3

 

 
64

Amortization of nuclear fuel
45

 

 

 

 
45

Amortization of financing costs and debt discount/premiums

 
21

 
26

 

 
47

Adjustment for debt extinguishment

 
9

 
(19
)
 

 
(10
)
Amortization of intangibles and out-of-market contracts
52

 
99

 

 

 
151

Amortization of unearned equity compensation

 
(2
)
 
41

 

 
39

Net loss on sale of assets and equity method investments

 

 
14

 

 
14

Gain on post retirement benefits curtailment

 
(21
)
 

 

 
(21
)
Impairment losses
4,494

 
391

 
31

 

 
4,916

Changes in derivative instruments
264

 
(29
)
 

 

 
235

Changes in deferred income taxes and liability for uncertain tax benefits
(1,092
)
 
(237
)
 
2,655

 

 
1,326

Changes in collateral deposits in support of energy risk management activities
(323
)
 
(11
)
 

 

 
(334
)
Proceeds from sale of emission allowances
(24
)
 

 

 

 
(24
)
Changes in nuclear decommissioning trust liability
(2
)
 

 

 

 
(2
)
Cash (used)/provided by changes in other working capital
(8,656
)
 
(907
)
 
12,183

 
(2,836
)
 
(216
)
Cash (used)/provided by continuing operations
(6,887
)
 
(419
)
 
8,593

 

 
1,287

Cash provided by discontinued operations

 
62

 

 

 
62

Net Cash (Used)/Provided by Operating Activities
(6,887
)
 
(357
)
 
8,593

 

 
1,349

Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 

Dividends from NRG Yield, Inc.

 

 
70

 
(70
)
 

Intercompany dividends

 

 
33

 
(33
)
 

Acquisition of Drop Down Assets, net of cash acquired

 
(698
)
 

 
698

 

Acquisition of business, net of cash acquired

 
(31
)
 

 

 
(31
)
Capital expenditures
(316
)
 
(654
)
 
(59
)
 

 
(1,029
)
Net cash proceeds from notes receivable

 
18

 

 

 
18

Proceeds from renewable energy grants

 
82

 

 

 
82

Proceeds from emission allowances, net of purchases
41

 

 

 

 
41

Investments in nuclear decommissioning trust fund securities
(629
)
 

 

 

 
(629
)
Proceeds from sales of nuclear decommissioning trust fund securities
631

 

 

 

 
631

Proceeds from sale of assets, net

 
1

 
26

 

 
27

Investments in unconsolidated affiliates
1

 
(357
)
 
(39
)
 

 
(395
)
Other

 
16

 

 

 
16

Cash (used)/provided by continuing operations
(272
)
 
(1,623
)
 
31

 
595

 
(1,269
)
Cash used by discontinued operations

 
(259
)
 

 

 
(259
)
Net Cash (Used)/Provided by Investing Activities
(272
)
 
(1,882
)
 
31

 
595

 
(1,528
)
Cash Flows from Financing Activities
 
 
 

 
 

 
 
 
 
Dividends from NRG Yield, Inc.

 
(70
)
 

 
70

 

Intercompany dividends

 
(33
)
 

 
33

 

Payments from/(for) intercompany loans
7,183

 
1,258

 
(8,441
)
 

 

Acquisition of Drop Down Assets, net of cash acquired

 

 
698

 
(698
)
 

Payment of dividends to common and preferred stockholders

 

 
(201
)
 

 
(201
)
Net receipts from settlement of acquired derivatives that include financing elements

 
14

 

 

 
14

Payment for treasury stock

 

 
(437
)
 

 
(437
)
Distributions from, net of contributions to, noncontrolling interest in subsidiaries

 
47

 

 

 
47

Proceeds from sale of noncontrolling interests in subsidiaries

 
600

 

 

 
600

Proceeds from issuance of common stock

 

 
1

 

 
1

Proceeds from issuance of long-term debt

 
953

 
51

 

 
1,004

Payment of debt issuance and hedging costs

 
(21
)
 

 

 
(21
)
Payments for short and long-term debt

 
(1,116
)
 
(246
)
 

 
(1,362
)
Other

 
(22
)
 

 

 
(22
)
Cash provided/(used) by continuing operations
7,183

 
1,610

 
(8,575
)
 
(595
)
 
(377
)
Cash used by discontinued operations

 
(55
)
 

 

 
(55
)
Net Cash Provided/(Used) by Financing Activities
7,183

 
1,555

 
(8,575
)
 
(595
)
 
(432
)
Effect of exchange rate changes on cash and cash equivalents

 
10

 

 

 
10

Change in cash from discontinued operations

 
(252
)
 

 

 
(252
)
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties
24

 
(422
)
 
49

 

 
(349
)
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period
36

 
991

 
644

 

 
1,671

Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period
$
60

 
$
569

 
$
693

 
$

 
$
1,322

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


226