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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, 2016
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
NRG Energy, Inc. (Note Issuer)
 
Eliminations(a)
 
Consolidated
Balance
 
(In millions)
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
Net income/(loss)
$
567

 
$
(538
)
 
$
(718
)
 
$
(202
)
 
$
(891
)
Income from discontinued operations

 
81

 
11

 

 
92

Net income/(loss) from continuing operations
567

 
(619
)
 
(729
)
 
(202
)
 
(983
)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
 
 
 
 
 
 
 
 
 
Equity in earnings and distribution of unconsolidated affiliates
(5
)
 
52

 
5

 
2

 
54

Depreciation and amortization
565

 
581

 
26

 

 
1,172

Provision for bad debts
41

 
7

 

 

 
48

Amortization of nuclear fuel
49

 

 

 

 
49

Amortization of financing costs and debt discount/premiums

 
34

 
21

 

 
55

Adjustment for debt extinguishment

 
4

 
138

 

 
142

Amortization of intangibles and out-of-market contracts
39

 
128

 

 

 
167

Amortization of unearned equity compensation

 

 
10

 

 
10

Net loss on sale of assets and equity method investments, net

 

 
70

 

 
70

Impairment losses
378

 
578

 
16

 

 
972

Changes in derivative instruments
(77
)
 
145

 
(36
)
 

 
32

Changes in deferred income taxes and liability for uncertain tax benefits
(1
)
 
18

 
(60
)
 

 
(43
)
Changes in collateral deposits in support of energy risk management activities
437

 
(39
)
 

 

 
398

Proceeds from sale of emission allowances
34

 

 

 

 
34

Changes in nuclear decommissioning trust liability
41

 

 

 

 
41

Cash (used)/provided by changes in other working capital
(1,815
)
 
417

 
1,187

 
200

 
(11
)
Cash provided by continuing operations
253

 
1,306

 
648

 

 
2,207

Cash used by discontinued operations

 
(119
)
 

 

 
(119
)
Net Cash Provided by Operating Activities
253

 
1,187

 
648

 

 
2,088

Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 

Dividends from NRG Yield, Inc.

 

 
81

 
(81
)
 

Intercompany dividends

 

 
12

 
(12
)
 

Acquisition of Drop Down Assets, net of cash acquired

 
(77
)
 

 
77

 

Acquisition of businesses, net of cash acquired

 
(209
)
 

 

 
(209
)
Capital expenditures
(180
)
 
(748
)
 
(48
)
 

 
(976
)
Net cash proceeds from notes receivable

 
17

 

 

 
17

Proceeds from renewable energy grants

 
36

 

 

 
36

Purchases of emission allowances, net of proceeds
(1
)
 

 

 

 
(1
)
Investments in nuclear decommissioning trust fund securities
(551
)
 

 

 

 
(551
)
Proceeds from sales of nuclear decommissioning trust fund securities
510

 

 

 

 
510

Proceeds from sale of assets, net

 
56

 
17

 

 
73

Investments in unconsolidated affiliates
3

 
(26
)
 

 

 
(23
)
Other
27

 

 
8

 

 
35

Cash (used)/provided by continuing operations
(192
)
 
(951
)
 
70

 
(16
)
 
(1,089
)
Cash provided by discontinued operations

 
297

 

 

 
297

Net Cash (Used)/Provided by Investing Activities
(192
)
 
(654
)
 
70

 
(16
)
 
(792
)
Cash Flows from Financing Activities
 
 
 

 
 

 
 
 
 
Dividends from NRG Yield, Inc.

 
(81
)
 

 
81

 

Intercompany dividends
(52
)
 
40

 

 
12

 

Payments (for)/from intercompany loans
(52
)
 
(49
)
 
101

 

 

Acquisition of Drop Down Assets, net of cash acquired

 

 
77

 
(77
)
 

Payment of dividends to common and preferred stockholders

 

 
(76
)
 

 
(76
)
Net receipts from settlement of acquired derivatives that include financing elements

 
6

 

 

 
6

Payment for preferred shares

 

 
(226
)
 

 
(226
)
Payments for debt extinguishment costs

 

 
(121
)
 

 
(121
)
Distributions from, net of contributions to, noncontrolling interest in subsidiaries

 
(156
)
 

 

 
(156
)
Proceeds from issuance of common stock

 

 
1

 

 
1

Proceeds from issuance of long-term debt

 
1,387

 
4,140

 

 
5,527

Payment of debt issuance and hedging costs

 
(29
)
 
(60
)
 

 
(89
)
Payments for short and long-term debt
(1
)
 
(983
)
 
(4,924
)
 

 
(5,908
)
Other
(3
)
 
(10
)
 

 

 
(13
)
Cash (used)/provided by continuing operations
(108
)
 
125

 
(1,088
)
 
16

 
(1,055
)
Cash provided by discontinued operations

 
140

 

 

 
140

Net Cash (Used)/Provided by Financing Activities
(108
)
 
265

 
(1,088
)
 
16

 
(915
)
Effect of exchange rate changes on cash and cash equivalents

 
1

 

 

 
1

Change in cash from discontinued operations

 
318

 

 

 
318

Net (Decrease)/Increase in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties
(47
)
 
481

 
(370
)
 

 
64

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

 
569

 
693

 

 
1,322

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

 
$
1,050

 
$
323

 
$

 
$
1,386

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


223