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SEC Filing Details

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

Consolidated Results of Operations for the years ended 2017 and 2016
The following table provides selected financial information for the Company:
 
Year Ended December 31,
 
 
(in millions except otherwise noted)
2017
 
2016
 
Change
Operating Revenues
 
 
 
 
 
Energy revenue (a)
$
2,461


$
3,131

 
$
(670
)
Capacity revenue (a)
1,186


1,225

 
(39
)
Retail revenue
6,388

 
6,357

 
31

Mark-to-market for economic hedging activities
239

 
(642
)
 
881

Contract amortization
(56
)
 
(56
)
 

Other revenues (b)
411


497

 
(86
)
Total operating revenues
10,629

 
10,512

 
117

Operating Costs and Expenses
 
 
 
 
 
Cost of sales (b)
5,698

 
5,827

 
129

Mark-to-market for economic hedging activities
46

 
(508
)
 
(554
)
Contract and emissions credit amortization (c)
34

 
43

 
9

Operations and maintenance
1,393

 
1,599

 
206

Other cost of operations
365


340

 
(25
)
Total cost of operations
7,536

 
7,301

 
(235
)
Depreciation and amortization
1,056

 
1,172

 
116

Impairment losses
1,709

 
702

 
(1,007
)
Selling, general and administrative
907


1,095

 
188

Reorganization costs
44

 

 
(44
)
Development costs
67

 
89

 
22

Total operating costs and expenses
11,319

 
10,359

 
(960
)
Other income - affiliate
87

 
193

 
(106
)
Gain/(loss) on sale of assets
16

 
(80
)
 
96

Operating (Loss)/ Income
(587
)
 
266

 
(853
)
Other Income/(Expense)
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
31

 
27

 
4

Impairment losses on investments
(79
)
 
(268
)
 
189

Other income, net
38

 
34

 
4

Net loss on debt extinguishment
(53
)
 
(142
)
 
89

Interest expense
(890
)
 
(895
)
 
5

Total other (expense)/income
(953
)
 
(1,244
)
 
291

Loss from Continuing Operations Before Income Taxes
(1,540
)
 
(978
)
 
(562
)
Income tax expense
8

 
5

 
3

Loss from Continuing Operations
(1,548
)
 
(983
)
 
(565
)
(Loss)/income from discontinued operations, net of income tax
(789
)
 
92

 
(881
)
Net Loss
(2,337
)
 
(891
)
 
(1,446
)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests
(184
)
 
(117
)
 
(67
)
Net Loss Attributable to NRG Energy, Inc. 
$
(2,153
)
 
$
(774
)
 
$
(1,379
)
Business Metrics
 
 
 
 
 
Average natural gas price — Henry Hub ($/MMBtu)
$
3.11

 
$
2.46

 
26
%
(a)
Includes realized gains and losses from financially settled transactions.
(b)
Includes unrealized trading gains and losses.
(c)
Includes amortization of SO2 and NOx credits and excludes amortization of RGGI credits.

69