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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 CASH FLOWS
(Unaudited)

Nine months ended September 30,
(In millions)
2018
 
2017
Cash Flows from Operating Activities

 

Net income/(loss)
$
281

 
$
(682
)
Loss from discontinued operations, net of income tax
(320
)
 
(798
)
Income from continuing operations
601

 
116

Adjustments to reconcile net income to net cash provided by operating activities:

 

Distributions and equity in earnings of unconsolidated affiliates
10

 

Depreciation, amortization and accretion
403

 
490

Provision for bad debts
57

 
57

Amortization of nuclear fuel
38

 
37

Amortization of financing costs and debt discount/premiums
21

 
15

Adjustment for debt extinguishment
22

 
3

Amortization of intangibles and out-of-market contracts
21

 
79

Amortization of unearned equity compensation
36

 
27

Impairment losses
89

 
60

Changes in deferred income taxes and liability for uncertain tax benefits
(6
)
 
(1
)
Changes in nuclear decommissioning trust liability
50

 
20

Changes in derivative instruments
(17
)
 
36

Changes in collateral deposits in support of energy risk management activities
(30
)
 
(103
)
Gain on sale of emission allowances
(20
)
 
21

Gain on sale of assets
(30
)
 
(4
)
GenOn settlement in July 2018
(125
)
 

Loss on deconsolidation of business
13

 

Changes in other working capital
(375
)
 
(295
)
Cash provided by continuing operations
758

 
558

Cash provided by discontinued operations
324

 
178

Net Cash Provided by Operating Activities
1,082

 
736

Cash Flows from Investing Activities
 
 
 
Acquisitions of businesses, net of cash acquired
(209
)
 
(12
)
Capital expenditures
(345
)
 
(172
)
Purchases of emission allowances
(30
)
 
(47
)
Proceeds from sale of emission allowances
54

 
104

Investments in nuclear decommissioning trust fund securities
(449
)
 
(402
)
Proceeds from the sale of nuclear decommissioning trust fund securities
398

 
382

Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees
1,555

 
309

Deconsolidation of business
(268
)
 

Changes in investments in unconsolidated affiliates
(62
)
 
24

Other

 
30

Cash provided by continuing operations
644

 
216

Cash used by discontinued operations
(703
)
 
(638
)
Net Cash (Used) by Investing Activities
(59
)
 
(422
)
Cash Flows from Financing Activities
 
 

Payment of dividends to common stockholders
(28
)
 
(28
)
Payment for treasury stock
(1,000
)
 

Proceeds from issuance of long-term debt
995

 
308

Payments for short and long-term debt
(970
)
 
(343
)
Receivable from affiliate
(26
)
 
(125
)
Net distributions to noncontrolling interests from subsidiaries
(17
)
 
(18
)
Payment of debt issuance costs
(19
)
 
(39
)
Other
(4
)
 
(8
)
Cash used by continuing operations
(1,069
)
 
(253
)
Cash provided by discontinued operations
403

 
39

 Net Cash Used by Financing Activities
(666
)
 
(214
)
Effect of exchange rate changes on cash and cash equivalents
1

 
(10
)
Change in Cash from discontinued operations
24

 
(421
)
Net Increase in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash
334

 
511

Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period
1,083

 
860

Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period
$
1,417

 
$
1,371



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