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SEC Filing Details

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

Appendix Table A-5: 2018 and 2017 Three and Nine Months Ended September 30 Adjusted Cash Flow from Operations Reconciliations
The following table summarizes the calculation of adjusted cash flow operating activities providing a reconciliation to net cash provided by operating activities:

 
 
Three Months Ended
($ in millions)
 
September 30, 2018
 
September 30, 2017
Net Cash Provided by Operating Activities
 
402


555

Reclassifying of net receipts for settlement of acquired derivatives that include financing elements
 


(2
)
Merger, integration and cost-to-achieve expenses (1)
 
27


14

GenOn Settlement (2)
 
132

 
13

Adjustment for change in collateral
 
27


(86
)
Adjusted Cash Flow from Operating Activities
 
588


494

Maintenance CapEx, net (3)
 
(30
)

(32
)
Environmental CapEx, net
 
(1
)


Distributions to non-controlling interests
 
(1
)


Free Cash Flow Before Growth Investments (FCFbG)
 
556


462

(1) 2018 includes cost-to-achieve expenses associated with the Transformation Plan announced on July 2017 call.
(2) 2018 includes settlement consideration of $261 million, transition services credit of $28 million, and pension contribution of $12 million, less $151 million repayment of intercompany revolver loan, accrued interest and fees of $12 million, certain other balances due to NRG of $6 million; 2017 includes pension contribution of $13 million.
(3) Includes insurance proceeds of $4 million in 2017.


 
 
Nine Months Ended
($ in millions)
 
September 30, 2018
 
September 30, 2017
Net Cash Provided by Operating Activities
 
758

 
558

Merger, integration and cost-to-achieve expenses (1)
 
71

 
14

Sale of Land
 
3

 
8

GenOn Settlement (2)
 
132

 
13

Adjustment for change in collateral (3)
 
45

 
182

Adjusted Cash Flow from Operating Activities
 
1,009

 
775

Maintenance CapEx, net (4)
 
(135
)
 
(102
)
Environmental CapEx, net
 
(1
)
 
(25
)
Distributions to non-controlling interests
 
(17
)
 
(18
)
Free Cash Flow Before Growth Investments (FCFbG)
 
856

 
630

(1) 2018 includes cost-to-achieve expenses associated with the Transformation Plan announced on July 2017 call.
(2) 2018 includes settlement consideration of $261 million, transition services credit of $28 million, and pension contribution of $12 million, less $151 million repayment of intercompany revolver loan, accrued interest and fees of $12 million, certain other balances due to NRG of $6 million; 2017 includes pension contribution of $13 million.
(3) 2018 includes $15MM return of collateral to GenOn, and 2017 reflects change in NRG’s cash collateral balance as of 3Q2017 including $79MM of collateral postings from deconsolidated affiliate (GenOn).
(4) Includes insurance proceeds of $22 million in 2017.


20