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SEC Filing Details

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

Depreciation and Amortization
 
 
 
Retail
 
Renewables
 
NRG Yield
 
Corporate
 
 
 
Generation
 
 
 
 
 
Total
 
(In millions)
Year Ended December 31, 2017
$
377

 
$
117

 
$
196

 
$
334

 
$
32

 
$
1,056

Year Ended December 31, 2016
$
516

 
$
111

 
$
185

 
$
303

 
$
57

 
$
1,172

Depreciation and amortization expense decreased by $116 million for the year ended December 31, 2017, compared to the same period in 2016, due to the Jewett Mine being fully depreciated in December 2016 as well as impairments in 2016.
Impairment Losses
For the year ended December 31, 2017, the Company recorded impairment losses of $1,709 million related to various facilities as further described in Item 15 Note 10, Asset Impairments and Note 11, Goodwill and Other Intangibles, to the Consolidated Financial Statements.
In 2016, the Company recorded impairment losses of $702 million related to various facilities, as well as goodwill for its Texas reporting units, as further described in Item 15 Note 10, Asset Impairments and Note 11, Goodwill and Other Intangibles, to the Consolidated Financial Statements.
Selling, General and Administrative Expenses

Generation

Retail

Renewables

NRG Yield

Corporate

Total

(In millions)
Year Ended December 31, 2017
$
207


$
452


$
56


$
22


$
170


$
907

Year Ended December 31, 2016
$
265


$
498


$
61


$
17


$
254


$
1,095

Selling, general and administrative expenses decreased by $188 million for the year ended December 31, 2017 compared to the same period in 2016. The decrease in year over year expenses is due primarily to a reduction in personnel costs and selling and marketing activities as the Company continues to focus on cost management.
Reorganization Costs
Reorganization costs of $44 million, primarily related to employee costs were incurred as part of the Transformation Plan announced in 2017.
Other Income - Affiliate
Other income - affiliate represents the services fees charged to GenOn for shared services under the Services Agreement through the June 14, 2017, the date of deconsolidation.
Gain/(Loss) on Sale of Assets
During the year ended December 31, 2017, the Company sold land and certain wind assets which resulted in gains of $16 million. During the year ended December 31, 2016, the Company sold a majority interest in its EVgo business to Vision Ridge Partners, which resulted in a loss on sale as described in Item 15 Note 3, Discontinued Operations, Acquisitions and Dispositions, to the Consolidated Financial Statements.
Impairment Losses on Investments
For the year ended December 31, 2017, the Company recorded other-than-temporary impairment losses of $79 million, which is primarily due to an other-than-temporary impairment of the Company's investment in Petra Nova Parish Holdings, as further described in Item 15 Note 10, Asset Impairments, to the Consolidated Financial Statements.
For the year ended December 31, 2016, the Company recorded other-than-temporary impairment losses of $268 million, which is primarily due to other-than-temporary impairments on the Company's interests in Petra Nova Parish Holdings, Sherbino and Community Wind North, as further described in Item 15 Note 10, Asset Impairments, to the Consolidated Financial Statements.

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