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SEC Filing Details

8-K
NRG ENERGY, INC. filed this Form 8-K on 11/08/2018
Entire Document
 

NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Three months ended September 30,
 
Nine months ended September 30,
(In millions, except for per share amounts)
2018
 
2017
 
2018
 
2017
Operating Revenues

 

 

 

Total operating revenues
$
3,061

 
$
2,740

 
$
7,795

 
$
7,246

Operating Costs and Expenses

 

 

 

Cost of operations
2,307

 
2,072

 
5,730

 
5,589

Depreciation and amortization
112

 
163

 
370

 
490

Impairment losses

 

 
74

 
60

Selling, general and administrative
212

 
190

 
591

 
634

Reorganization costs
27

 
12

 
70

 
18

Development costs
1

 
6

 
9

 
18

Total operating costs and expenses
2,659

 
2,443

 
6,844

 
6,809

Other income - affiliate

 

 

 
87

Gain on sale of assets
14

 

 
30

 
4

Operating Income
416

 
297

 
981

 
528

Other Income/(Expense)

 

 

 

Equity in earnings/(losses) of unconsolidated affiliates
20

 
9

 
26

 
(20
)
Other income/(expense), net
17

 
19

 
(4
)
 
43

Loss on debt extinguishment, net
(19
)
 

 
(22
)
 

Interest expense
(121
)
 
(139
)
 
(361
)
 
(432
)
Total other expense
(103
)
 
(111
)
 
(361
)
 
(409
)
Income from Continuing Operations Before Income Taxes
313

 
186

 
620

 
119

Income tax expense
7

 
1

 
19

 
3

Income from Continuing Operations
306

 
185

 
601

 
116

Loss from discontinued operations, net of income tax
(354
)
 
(22
)
 
(320
)
 
(798
)
Net (Loss)/Income
(48
)
 
163

 
281

 
(682
)
Less: Net income/(loss) attributable to noncontrolling interest and redeemable noncontrolling interests
24

 
(8
)
 
1

 
(63
)
Net (Loss)/Income Attributable to NRG Energy, Inc. common stockholders
$
(72
)
 
$
171

 
$
280

 
$
(619
)
(Loss)/Earnings per Share Attributable to NRG Energy, Inc. Common Stockholders

 

 

 

Weighted average number of common shares outstanding — basic
299

 
317

 
309

 
317

Income from continuing operations per weighted average common share — basic
$
0.94

 
$
0.61

 
$
1.94

 
$
0.56

Loss from discontinued operations per weighted average common share — basic
$
(1.18
)
 
$
(0.07
)
 
$
(1.03
)
 
$
(2.51
)
(Loss)/Earnings per Weighted Average Common Share — Basic
$
(0.24
)
 
$
0.54

 
$
0.91

 
$
(1.95
)
Weighted average number of common shares outstanding — diluted
299

 
322

 
313

 
317

Income from continuing operations per weighted average common share — diluted
$
0.94

 
$
0.60

 
$
1.91

 
$
0.56

Loss from discontinued operations per weighted average common share — diluted
$
(1.18
)
 
$
(0.07
)
 
$
(1.02
)
 
$
(2.51
)
(Loss)/Earnings per Weighted Average Common Share — Diluted
$
(0.24
)
 
$
0.53

 
$
0.89

 
$
(1.95
)
Dividends Per Common Share
$
0.03

 
$
0.03

 
$
0.09

 
$
0.09


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