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SEC Filing Details

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

Item 6 — Selected Financial Data
The following table presents NRG's historical selected financial data. This historical data should be read in conjunction with the Consolidated Financial Statements and the related notes thereto in Item 15 and Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations. The Company has completed several acquisitions and dispositions, as described in Item 15 Note 3, Discontinued Operations, Acquisitions and Dispositions.
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(In millions except ratios and per share data)
Statement of income data:
 
 
 
 
 
 
 
 
 
Total operating revenues
$
10,629

 
$
10,512

 
$
12,328

 
$
12,810

 
$
8,820

Total operating costs and other expenses (a)
(10,484
)
 
(10,633
)
 
(12,612
)
 
(13,033
)
 
(8,944
)
Impairment losses (b)
(1,709
)
 
(702
)
 
(4,860
)
 
(15
)
 
(459
)
Operating (loss)/income
(587
)
 
266

 
(4,051
)
 
895

 
198

Impairment losses on investments
(79
)
 
(268
)
 
(56
)
 

 
(99
)
Loss from continuing operations, net
(1,548
)
 
(983
)
 
(6,331
)
 
(72
)
 
(308
)
(Loss)/income from discontinued operations, net
(789
)
 
92

 
(105
)
 
204

 
(43
)
Net (loss)/income attributable to NRG Energy, Inc. 
$
(2,153
)
 
$
(774
)
 
$
(6,382
)
 
$
134

 
$
(386
)
Common share data:
 
 
 
 
 
 
 
 
 
Basic shares outstanding — average
317

 
316

 
329

 
334

 
323

Diluted shares outstanding — average
317

 
316

 
329

 
339

 
323

Shares outstanding — end of year
317

 
315

 
314

 
337

 
324

Per share data:
 
 
 
 
 
 
 
 
 
Net (loss)/income attributable to NRG — basic and diluted
$
(6.79
)
 
$
(2.22
)
 
$
(19.46
)
 
$
0.23

 
$
(1.22
)
Dividends declared per common share
0.12

 
0.24

 
0.58

 
0.54

 
0.45

Book value
$
6.20

 
$
14.09

 
$
17.29

 
$
34.68

 
$
32.33

Business metrics:
 
 
 
 
 
 
 
 
 
Cash flow from operations
$
1,387

 
$
2,088

 
$
1,349

 
$
1,559

 
$
1,149

Liquidity position (c)
3,210

 
2,373

 
2,418

 
2,757

 
2,767

Ratio of earnings to fixed charges
(0.52)
 
0.29

 
(4.01
)
 
0.98

 
0.36

Ratio of earnings to fixed charges and preferred dividends
(0.52)
 
0.29

 
(3.88
)
 
0.89

 
0.36

Return on equity
(109.40
)%
 
(17.41
)%
 
(117.45
)%
 
1.15
%
 
(3.69
)%
Ratio of debt to total capitalization
88.70
 %
 
77.75
 %
 
72.58
 %
 
56.98
%
 
52.81
 %
Balance sheet data:
 
 
 
 
 
 
 
 
 
Current assets
$
4,415

 
$
6,714

 
$
7,619

 
$
8,784

 
$
7,776

Current liabilities
3,317

 
4,702

 
4,602

 
5,236

 
4,381

Property, plant and equipment, net
13,908

 
15,369

 
15,901

 
19,321

 
16,676

Total assets
23,318

 
30,682

 
33,125

 
40,856

 
34,081

Long-term debt, including current maturities, and capital leases
16,404

 
16,473

 
16,698

 
17,047

 
13,485

Total stockholders' equity
$
1,968

 
$
4,446

 
$
5,434

 
$
11,676

 
$
10,467

(a)
Excludes impairment losses and impairment losses on investments.
(b)
Includes goodwill impairment as described in Item 15 - Note 11, Goodwill and Other Intangibles, to the Consolidated Financial Statements.
(c)
Liquidity position is determined as disclosed in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, Liquidity and Capital Resources, Liquidity Position. It excludes collateral funds deposited by counterparties of $37 million, $2 million, and $91 million as of December 31, 2017, 2016 and 2015, respectively, which represents cash held as collateral from hedge counterparties in support of energy risk management activities. It is the Company's intention to limit the use of these funds for repayment of the related current liability for collateral received in support of energy risk management activities.



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