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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 2016 and 2015
The following table provides selected financial information for the Company:
 
Year Ended December 31,
 
 
(In millions except otherwise noted)
2016
 
2015
 
Change
Operating Revenues
 
 
 
 
 
Energy revenue (a)
$
3,131

 
$
3,867

 
$
(736
)
Capacity revenue (a)
1,225

 
1,361

 
(136
)
Retail revenue
6,357

 
6,867

 
(510
)
Mark-to-market for economic hedging activities
(642
)
 
(134
)
 
(508
)
Contract amortization
(56
)
 
(40
)
 
(16
)
Other revenues (b)
497

 
407

 
90

Total operating revenues
10,512

 
12,328

 
(1,816
)
Operating Costs and Expenses
 
 
 
 
 
Cost of sales (a)
5,827

 
6,870

 
1,043

Mark-to-market for economic hedging activities
(508
)
 
59

 
567

Contract and emissions credit amortization (c)
43

 
41

 
(2
)
Operations and maintenance
1,599

 
1,657

 
58

Other cost of operations
340

 
373

 
33

Total cost of operations
7,301

 
9,000

 
1,699

Depreciation and amortization
1,172

 
1,351

 
179

Impairment losses
702

 
4,860

 
4,158

Selling, general and administrative
1,095

 
1,228

 
133

Development costs
89

 
154

 
65

Total operating costs and expenses
10,359

 
16,593

 
6,234

Other income - affiliate
193

 
193

 

Loss on sale of assets
(80
)
 

 
(80
)
   Gain on postretirement benefits curtailment

 
21

 
(21
)
Operating Income/(Loss)
266

 
(4,051
)
 
4,317

Other Income/(Expense)
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
27

 
36

 
(9
)
Impairment losses on investments
(268
)
 
(56
)
 
(212
)
Other income, net
34

 
26

 
8

Loss on sale of equity method investment

 
(14
)
 
14

Net (loss)/gain on debt extinguishment
(142
)
 
10

 
(152
)
Interest expense
(895
)
 
(937
)
 
42

Total other expense
(1,244
)
 
(935
)
 
(309
)
Loss from Continuing Operations Before Income Taxes
(978
)
 
(4,986
)
 
4,008

Income tax expense
5

 
1,345

 
1,340

Net Loss from Continuing Operations
(983
)
 
(6,331
)
 
5,348

Income/(loss) from discontinued operations, net of tax
92

 
(105
)
 
197

Net Loss
(891
)
 
(6,436
)
 
5,545

Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests
(117
)
 
(54
)
 
(63
)
Net Loss Attributable to NRG Energy, Inc. 
$
(774
)
 
$
(6,382
)
 
$
5,608

Business Metrics
 
 
 
 
 
Average natural gas price — Henry Hub ($/MMBtu)
$
2.46

 
$
2.66

 
(8
)%
(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.


80