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Condensed Consolidating Financial Information (Tables)
 9 Months Ended
Sep. 30, 2019
Condensed Consolidating Financial Information Disclosure [Abstract]  
Schedule of Guarantor Subsidiaries
Unless otherwise noted below, each of the following guarantor subsidiaries fully and unconditionally guaranteed the Senior Notes and the Senior Secured First Lien Notes as of September 30, 2019:
Ace Energy, Inc.NRG Business Services LLCNRG PacGen Inc.
Allied Home Warranty GP LLCNRG Cabrillo Power Operations Inc.NRG Portable Power LLC
Allied Warranty LLCNRG California Peaker Operations LLCNRG Power Marketing LLC
Arthur Kill Power LLCNRG Cedar Bayou Development Company, LLCNRG Reliability Solutions LLC
Astoria Gas Turbine Power LLCNRG Connected Home LLCNRG Renter's Protection LLC
BidURenergy, Inc.NRG Connecticut Affiliate Services Inc.NRG Retail LLC
Cabrillo Power I LLCNRG Construction LLCNRG Retail Northeast LLC
Cabrillo Power II LLCNRG Curtailment Solutions, IncNRG Rockford Acquisition LLC
Carbon Management Solutions LLCNRG Development Company Inc.NRG Saguaro Operations Inc.
Cirro Group, Inc.NRG Devon Operations Inc.NRG Security LLC
Cirro Energy Services, Inc. NRG Dispatch Services LLCNRG Services Corporation
Connecticut Jet Power LLCNRG Distributed Energy Resources Holdings LLCNRG SimplySmart Solutions LLC
Devon Power LLCNRG Distributed Generation PR LLCNRG South Central Affiliate Services Inc.
Dunkirk Power LLCNRG Dunkirk Operations Inc.NRG South Central Operations Inc.
Eastern Sierra Energy Company LLCNRG ECOKAP Holdings LLCNRG South Texas LP
El Segundo Power, LLCNRG El Segundo Operations Inc.NRG Texas C&I Supply LLC
El Segundo Power II LLCNRG Energy Labor Services LLCNRG Texas Gregory LLC
Energy Alternatives Wholesale, LLCNRG Energy Services Group LLCNRG Texas Holding Inc.
Energy Choice Solutions LLCNRG Energy Services International Inc.NRG Texas LLC
Energy Plus Holdings LLCNRG Energy Services LLCNRG Texas Power LLC
Energy Plus Natural Gas LLCNRG Generation Holdings, Inc.NRG Warranty Services LLC
Energy Protection Insurance CompanyNRG Greenco LLCNRG West Coast LLC
Everything Energy LLCNRG Home & Business Solutions LLCNRG Western Affiliate Services Inc.
Forward Home Security, LLCNRG Home Services LLCO'Brien Cogeneration, Inc. II
GCP Funding Company, LLCNRG Home Solutions LLCONSITE Energy, Inc.
Green Mountain Energy CompanyNRG Home Solutions Product LLCOswego Harbor Power LLC
Gregory Partners, LLCNRG Homer City Services LLCReliant Energy Northeast LLC
Gregory Power Partners LLCNRG Huntley Operations Inc.Reliant Energy Power Supply, LLC
Huntley Power LLCNRG HQ DG LLCReliant Energy Retail Holdings, LLC
Independence Energy Alliance LLCNRG Identity Protect LLCReliant Energy Retail Services, LLC
Independence Energy Group LLCNRG Ilion Limited PartnershipRERH Holdings, LLC
Independence Energy Natural Gas LLCNRG Ilion LP LLCSaguaro Power LLC
Indian River Operations Inc.NRG International LLCSomerset Operations Inc.
Indian River Power LLCNRG Maintenance Services LLCSomerset Power LLC
Meriden Gas Turbines LLCNRG Mextrans Inc.Texas Genco GP, LLC
Middletown Power LLCNRG MidAtlantic Affiliate Services Inc.Texas Genco Holdings, Inc.
Montville Power LLCNRG Middletown Operations Inc.Texas Genco LP, LLC
NEO CorporationNRG Montville Operations Inc.Texas Genco Services, LP
New Genco GP, LLCNRG North Central Operations Inc.US Retailers LLC
Norwalk Power LLCNRG Northeast Affiliate Services Inc.Vienna Operations Inc.
NRG Advisory Services LLCNRG Norwalk Harbor Operations Inc.Vienna Power LLC
NRG Affiliate Services Inc.NRG Operating Services, Inc.WCP (Generation) Holdings LLC
NRG Arthur Kill Operations Inc.NRG Oswego Harbor Power Operations Inc.West Coast Power LLC
NRG Astoria Gas Turbine Operations Inc.
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Current Period QTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the three months ended September 30, 2019
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Operating Revenues
Total operating revenues$2,473  $525  $—  $(2) $2,996  
Operating Costs and Expenses
Cost of operations1,728  421  6  (2) 2,153  
Depreciation and amortization52  32  7  —  91  
Selling, general and administrative132  28  50  —  210  
Reorganization costs—  —  1  —  1  
Development costs—  —  1  —  1  
Total operating costs and expenses1,912  481  65  (2) 2,456  
Operating Income/(Loss)561  44  (65) —  540  
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries20  —  537  (557) —  
Equity in earnings of unconsolidated affiliates—  29  —  —  29  
Impairment losses on investments—  (101) (6) —  (107) 
Other income, net11  1  5  —  17  
Interest expense  (4) (3) (92) —  (99) 
Total other income/(expense)27  (74) 444  (557) (160) 
Income/(Loss) from Continuing Operations Before Income Taxes588  (30) 379  (557) 380  
Income tax expense—  1  5  —  6  
Income/(Loss) from Continuing Operations588  (31) 374  (557) 374  
Income/(loss) from discontinued operations, net of income tax—  —  (2) —  (2) 
Net Income/(Loss) Attributable to NRG Energy, Inc.$588  $(31) $372  $(557) $372  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Current Period YTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the nine months ended September 30, 2019
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Operating Revenues
Total operating revenues$6,382  $1,252  $—  $(8) $7,626  
Operating Costs and Expenses
Cost of operations4,676  956  25  (8) 5,649  
Depreciation and amortization157  81  23  —  261  
Impairment losses1  —  —  —  1  
Selling, general and administrative366  56  193  —  615  
Reorganization costs—  —  16  —  16  
Development costs—  1  4  —  5  
Total operating costs and expenses5,200  1,094  261  (8) 6,547  
Gain on sale of assets1  1  —  —  2  
Operating Income/(Loss)1,183  159  (261) —  1,081  
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries32  —  1,266  (1,298) —  
Equity in earnings of unconsolidated affiliates—  8  —  —  8  
Impairment losses on investments—  (101) (6) —  (107) 
Other income, net19  10  20  —  49  
Loss on debt extinguishment, net—  —  (47) —  (47) 
Interest expense  (11) (12) (295) —  (318) 
Total other income/(expense)40  (95) 938  (1,298) (415) 
Income from Continuing Operations Before Income Taxes1,223  64  677  (1,298) 666  
Income tax expense—  2  7  —  9  
Income from Continuing Operations1,223  62  670  (1,298) 657  
Income from discontinued operations, net of income tax9  5  385  —  399  
Net Income1,232  67  1,055  (1,298) 1,056  
Less: Net income attributable to redeemable noncontrolling interests—  1  —  —  1  
Net Income Attributable to NRG Energy, Inc.$1,232  $66  $1,055  $(1,298) $1,055  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Current Period QTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
For the three months ended September 30, 2019
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Net Income/(Loss)$588  $(31) $372  $(557) $372  
Other Comprehensive Loss
Foreign currency translation adjustments, net(5) (4) (4) 9  (4) 
Available-for-sale securities, net—  —  (14) —  (14) 
Defined benefit plans, net(40) —  (41) 40  (41) 
Other comprehensive loss(45) (4) (59) 49  (59) 
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc.$543  $(35) $313  $(508) $313  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Current Period YTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
For the nine months ended September 30, 2019
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Net Income$1,232  $67  $1,055  $(1,298) $1,056  
Other Comprehensive Loss
Foreign currency translation adjustments, net(5) (4) (4) 9  (4) 
Available-for-sale securities, net—  —  (13) —  (13) 
Defined benefit plans, net(40) —  (47) 40  (47) 
Other comprehensive loss(45) (4) (64) 49  (64) 
Comprehensive Income1,187  63  991  (1,249) 992  
Less: Comprehensive income attributable to redeemable noncontrolling interests—  1  —  —  1  
Comprehensive Income Attributable to NRG Energy, Inc.$1,187  $62  $991  $(1,249) $991  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING BALANCE SHEETS
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
September 30, 2019
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
ASSETS(In millions)
Current Assets 
Cash and cash equivalents$—  $26  $217  $—  $243  
Funds deposited by counterparties30  —  —  —  30  
Restricted cash2  1  1  —  4  
Accounts receivable, net2,049  194  426  (1,293) 1,376  
Inventory248  116  —  —  364  
Derivative instruments740  28  —  (33) 735  
Cash collateral paid in support of energy risk management activities
146  18  —  —  164  
Prepayments and other current assets
178  15  78  —  271  
Total current assets3,393  398  722  (1,326) 3,187  
Property, plant and equipment, net1,494  965  156  —  2,615  
Other Assets
Investment in subsidiaries786  —  4,677  (5,463) —  
Equity investments in affiliates—  405  —  —  405  
Operating lease right-of-use assets, net85  271  126  —  482  
Goodwill359  232  —  —  591  
Intangible assets, net390  438  —  —  828  
Nuclear decommissioning trust fund756  —  —  —  756  
Derivative instruments356  14  —  (12) 358  
Deferred income taxes—  53  —  —  53  
Other non-current assets151  30  71  —  252  
Total other assets2,883  1,443  4,874  (5,475) 3,725  
Total Assets$7,770  $2,806  $5,752  $(6,801) $9,527  
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities 
Current portion of long-term debt$—  $87  $215  $—  $302  
Current portion of operating lease liabilities21  31  21  —  73  
Accounts payable1,315  146  698  (1,293) 866  
Derivative instruments683  18  —  (33) 668  
Cash collateral received in support of energy risk management activities
30  —  —  —  30  
Accrued expenses and other current liabilities
271  51  303  —  625  
Total current liabilities2,320  333  1,237  (1,326) 2,564  
Other Liabilities
Long-term debt245  85  5,468  —  5,798  
Non-current operating lease liabilities70  307  123  —  500  
Nuclear decommissioning reserve294  —  —  —  294  
Nuclear decommissioning trust liability453  —  —  —  453  
Derivative instruments374  2  —  (12) 364  
Deferred income taxes(10) 67  13  —  70  
Other non-current liabilities412  160  464  —  1,036  
Total other liabilities1,838  621  6,068  (12) 8,515  
Total Liabilities4,158  954  7,305  (1,338) 11,079  
Redeemable noncontrolling interest in subsidiaries—  19  —  —  19  
Stockholders’ Equity3,612  1,833  (1,553) (5,463) (1,571) 
Total Liabilities and Stockholders’ Equity$7,770  $2,806  $5,752  $(6,801) $9,527  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the nine months ended September 30, 2019
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Cash Flows from Operating Activities 
Net income$1,232  $67  $1,055  $(1,298) $1,056  
Income from discontinued operations9  5  385  —  399  
Income from continuing operations1,223  62  670  (1,298) 657  
Adjustments to reconcile net income to net cash provided/(used) by operating activities:
Distributions and equity in (earnings)/losses of unconsolidated affiliates and consolidated subsidiaries(32) (5) (1,266) 1,298  (5) 
Depreciation, amortization and accretion181  85  23  —  289  
Provision for bad debts72  11  4  —  87  
Amortization of nuclear fuel40  —  —  —  40  
Amortization of financing costs and debt discount/premiums—  —  20  —  20  
Loss on debt extinguishment, net—  —  47  —  47  
Amortization of emission allowances21  7  —  —  28  
Amortization of unearned equity compensation—  —  15  —  15  
(Gain)/loss on sale and disposal of assets(25) 2  3  —  (20) 
Impairment losses1  101  6  —  108  
Changes in derivative instruments10  (12) 38  —  36  
Changes in deferred income taxes and liability for uncertain tax benefits—  (1) (2) —  (3) 
Changes in collateral deposits in support of energy risk management activities136  (7) —  —  129  
Changes in nuclear decommissioning trust liability27  —  —  —  27  
Changes in other working capital(401) (120) (81) —  (602) 
Cash provided/(used) by continuing operations1,253  123  (523) —  853  
Cash provided/(used) by discontinued operations17  (9) —  —  8  
Net Cash Provided/(Used) by Operating Activities1,270  114  (523) —  861  
Cash Flows from Investing Activities
Intercompany dividends—  —  1,665  (1,665) —  
Payments for acquisitions of businesses(348) —  —  —  (348) 
Capital expenditures(135) (23) (25) —  (183) 
Net proceeds from notes receivable—  —  2  —  2  
Net proceeds from sale of emission allowances14  —  —  —  14  
Investments in nuclear decommissioning trust fund securities(295) —  —  —  (295) 
Proceeds from the sale of nuclear decommissioning trust fund securities271  —  —  —  271  
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees1  400  892  1,293  
Net contributions to investments in unconsolidated affiliates—  (94) —  —  (94) 
Contributions to discontinued operations—  (44) —  —  (44) 
Cash (used)/provided by continuing operations(492) 239  2,534  (1,665) 616  
Cash used by discontinued operations—  (2) —  —  (2) 
Net Cash (Used)/Provided by Investing Activities(492) 237  2,534  (1,665) 614  
Cash Flows from Financing Activities
Payments from/(for) intercompany loans784  (260) (524) —  —  
Intercompany dividends(1,608) (57) —  1,665  —  
Payment of dividends to common stockholders—  —  (24) —  (24) 
Payments for treasury stock—  —  (1,286) —  (1,286) 
Payments for debt extinguishment costs—  —  (24) —  (24) 
Distributions to noncontrolling interests from subsidiaries—  (1) —  —  (1) 
Proceeds from issuance of common stock—  —  3  —  3  
Proceeds from issuance of long-term debt—  —  2,048  —  2,048  
Payment of debt issuance costs—  —  (34) —  (34) 
Payments for long-term debt—  (55) (2,432) —  (2,487) 
Cash used by continuing operations(824) (373) (2,273) 1,665  (1,805) 
Cash provided by discontinued operations—  43  —  —  43  
Net Cash Used by Financing Activities(824) (330) (2,273) 1,665  (1,762) 
Change in cash from discontinued operations17  32  —  —  49  
Net Decrease in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash(63) (11) (262) —  (336) 
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period95  38  480  —  613  
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period$32  $27  $218  $—  $277  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Prior Period QTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the three months ended September 30, 2018
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Operating Revenues
Total operating revenues$2,521  $441  $—  $(2) $2,960  
Operating Costs and Expenses
Cost of operations1,937  294  9  (2) 2,238  
Depreciation and amortization54  36  9  —  99  
Selling, general and administrative123  19  142  (73) 211  
Reorganization costs—  —  27  —  27  
Development costs—  (2) 3  —  1  
Total operating costs and expenses2,114  347  190  (75) 2,576  
Gain on sale of assets—  14  —  —  14  
Operating Income/(Loss)407  108  (190) 73  398  
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries6  —  470  (476) —  
Equity in earnings/(losses) of unconsolidated affiliates—  21  (1) —  20  
Impairment losses on investments—  (1) —  —  (1) 
Other income, net4  9  6  —  19  
Loss on debt extinguishment, net—  —  (19) —  (19) 
Interest expense(4) (8) (110) —  (122) 
Total other income/(expense)6  21  346  (476) (103) 
Income from Continuing Operations Before Income Taxes413  129  156  (403) 295  
Income tax expense/(benefit)122  42  (156) —  8  
Income from Continuing Operations291  87  312  (403) 287  
Income/(loss) from discontinued operations, net of income tax16  20  (372) —  (336) 
Net Income/(Loss)307  107  (60) (403) (49) 
Less: Net (loss)/income attributable to noncontrolling interest and redeemable noncontrolling interest—  (62) 12  73  23  
Net Income/(Loss) Attributable to NRG Energy, Inc.$307  $169  $(72) $(476) $(72) 
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Prior Period YTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the nine months ended September 30, 2018
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Operating Revenues
Total operating revenues$6,437  $1,061  $—  $(12) $7,486  
Operating Costs and Expenses
Cost of operations4,794  713  18  (13) 5,512  
Depreciation and amortization177  128  26  —  331  
Impairment losses—  74  —  —  74  
Selling, general and administrative335  46  279  (73) 587  
Reorganization costs3  —  67  —  70  
Development costs—  —  10  (1) 9  
Total operating costs and expenses5,309  961  400  (87) 6,583  
Gain on sale of assets3  27  —  —  30  
Operating Income/(Loss)1,131  127  (400) 75  933  
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries14  —  1,156  (1,170) —  
Equity in earnings/(losses) of unconsolidated affiliates—  28  (2) —  26  
Impairment losses on investments—  (16) —  —  (16) 
Other income/(loss), net12  (11) 11  —  12  
Loss on debt extinguishment, net—  —  (22) —  (22) 
Interest expense  (11) (42) (308) —  (361) 
Total other income/(expense)15  (41) 835  (1,170) (361) 
Income from Continuing Operations Before Income Taxes1,146  86  435  (1,095) 572  
Income tax expense/(benefit)343  26  (350) —  19  
Income from Continuing Operations803  60  785  (1,095) 553  
Income/(loss) from discontinued operations, net of income tax46  80  (398) —  (272) 
Net Income849  140  387  (1,095) 281  
Less: Net (loss)/income attributable to noncontrolling interest and redeemable noncontrolling interest—  (181) 107  75  1  
Net Income Attributable to NRG Energy, Inc.$849  $321  $280  $(1,170) $280  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Prior Period QTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
For the three months ended September 30, 2018
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Net Income/(Loss)$307  $107  $(60) $(403) $(49) 
Other Comprehensive (Loss)/Income
Unrealized gain/(loss) on derivatives, net—  10  (12) 7  5  
Foreign currency translation adjustments, net(2) (2) (1) 3  (2) 
Defined benefit plans, net—  —  (1) —  (1) 
Other comprehensive (loss)/income(2) 8  (14) 10  2  
Comprehensive Income/(Loss)305  115  (74) (393) (47) 
Less: Comprehensive (loss)/income attributable to noncontrolling interest and redeemable interests—  (58) 11  73  26  
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc.$305  $173  $(85) $(466) $(73) 
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Prior Period YTD
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
For the nine months ended September 30, 2018
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Net Income$849  $140  $387  $(1,095) $281  
Other Comprehensive (Loss)/Income
Unrealized gain on derivatives, net—  30  9  (15) 24  
Foreign currency translation adjustments, net(8) (8) (9) 17  (8) 
Available-for-sale securities, net—  —  1  —  1  
Defined benefit plans, net—  —  (3) —  (3) 
Other comprehensive (loss)/income(8) 22  (2) 2  14  
Comprehensive Income841  162  385  (1,093) 295  
Less: Comprehensive (loss)/income attributable to noncontrolling interest and redeemable interests—  (167) 107  75  15  
Comprehensive Income Attributable to NRG Energy, Inc.$841  $329  $278  $(1,168) $280  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING BALANCE SHEETS Prior Period NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2018
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
ASSETS(In millions)
Current Assets
Cash and cash equivalents$55  $28  $480  $—  $563  
Funds deposited by counterparties33  —  —  —  33  
Restricted cash7  10  —  —  17  
Accounts receivable, net1,354  115  309  (754) 1,024  
Inventory278  134  —  —  412  
Derivative instruments779  50  16  (81) 764  
Cash collateral paid in support of energy risk management activities275  12  —  —  287  
Prepayments and other current assets180  32  90  —  302  
Current assets - held-for-sale—  1  —  —  1  
Current assets - discontinued operations177  20  —  —  197  
Total current assets3,138  402  895  (835) 3,600  
Property, plant and equipment, net1,938  957  153  —  3,048  
Other Assets
Investment in subsidiaries446  —  4,707  (5,153) —  
Equity investments in affiliates—  412  —  —  412  
Goodwill359  214  —  —  573  
Intangible assets, net422  169  —  —  591  
Nuclear decommissioning trust fund663  —  —  —  663  
Derivative instruments296  4  22  (5) 317  
Deferred income taxes6  (143) 183  —  46  
Other non-current assets133  71  97  (12) 289  
Non-current assets - held for sale—  77  —  —  77  
Non-current assets - discontinued operations405  607  —  —  1,012  
Total other assets2,730  1,411  5,009  (5,170) 3,980  
Total Assets$7,806  $2,770  $6,057  $(6,005) $10,628  
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Current portion of long-term debt and finance leases$—  $55  $17  $—  $72  
Accounts payable1,368  (185) 434  (754) 863  
Derivative instruments713  41  —  (81) 673  
Cash collateral received in support of energy risk management activities33  —  —  —  33  
Accrued expenses and other current liabilities291  36  353  —  680  
Current liabilities - held-for-sale—  5  —  —  5  
Current liabilities - discontinued operations24  48  —  —  72  
Total current liabilities2,429  —  804  (835) 2,398  
Other Liabilities
Long-term debt and finance leases244  192  6,025  (12) 6,449  
Nuclear decommissioning reserve282  —  —  —  282  
Nuclear decommissioning trust liability371  —  —  —  371  
Derivative instruments306  3  —  (5) 304  
Deferred income taxes112  61  (108) —  65  
Other non-current liabilities402  320  552  —  1,274  
Non-current liabilities - held-for-sale—  65  —  —  65  
Non-current liabilities - discontinued operations58  577  —  —  635  
Total other liabilities1,775  1,218  6,469  (17) 9,445  
Total Liabilities4,204  1,218  7,273  (852) 11,843  
Redeemable noncontrolling interest in subsidiaries—  19  —  —  19  
Stockholders’ Equity3,602  1,533  (1,216) (5,153) (1,234) 
Total Liabilities and Stockholders’ Equity$7,806  $2,770  $6,057  $(6,005) $10,628  
(a)All significant intercompany transactions have been eliminated in consolidation
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Prior Period
NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the nine months ended September 30, 2018
(Unaudited)
Guarantor SubsidiariesNon-Guarantor SubsidiariesNRG Energy, Inc.
(Note Issuer)
Eliminations(a)
Consolidated
(In millions)
Cash Flows from Operating Activities     
Net income$849  $140  $387  $(1,095) $281  
Income/(loss) from discontinued operations46  80  (398) —  (272) 
Income from continuing operations803  60  785  (1,095) 553  
Adjustments to reconcile net income to net cash provided/(used) by operating activities:
Distributions and equity in (earnings)/losses of unconsolidated affiliates and consolidated subsidiaries(14) 9  (1,095) 1,110  10  
Depreciation, amortization and accretion201  137  26  —  364  
Provision for bad debts55  2  —  —  57  
Amortization of nuclear fuel38  —  —  —  38  
Amortization of financing costs and debt discount/premiums—  23  (2) —  21  
Loss on debt extinguishment, net—  —  22  —  22  
Amortization of emission allowances and out-of-market contracts15  6  —  —  21  
Amortization of unearned equity compensation—  —  21  —  21  
Gain on sale and disposal of assets(23) (27) —  —  (50) 
Impairment losses—  90  —  —  90  
Changes in derivative instruments(38) 40  (4) (15) (17) 
Changes in deferred income taxes and liability for uncertain tax benefits343  11  (360) —  (6) 
Changes in collateral deposits in support of energy risk management activities(16) (14) —  —  (30) 
Changes in nuclear decommissioning trust liability50  —  —  —  50  
GenOn Settlement—  —  (125) —  (125) 
Loss on deconsolidation of Agua Caliente and Ivanpah projects—  13  —  —  13  
Changes in other working capital(385) (266) 290  —  (361) 
Cash provided/(used) by continuing operations1,029  84  (442) —  671  
Cash provided by discontinued operations72  324  —  —  396  
Net Cash Provided/(Used) by Operating Activities1,101  408  (442) —  1,067  
Cash Flows from Investing Activities 
Intercompany dividends—  —  1,273  (1,273) —  
Payments for acquisitions of businesses(2) (207) —  —  (209) 
Capital expenditures(156) (150) (37) —  (343) 
Net proceeds from sale of emission allowances24  —  —  —  24  
Investments in nuclear decommissioning trust fund securities(449) —  —  —  (449) 
Proceeds from the sale of nuclear decommissioning trust fund securities398  —  —  —  398  
Proceeds from sale of assets, net of cash disposed of10  8  1,537  —  1,555  
Deconsolidation of Agua Caliente and Ivanpah projects—  (268) —  —  (268) 
Net contributions to investments in unconsolidated affiliates—  (39) —  —  (39) 
Contributions to discontinued operations—  (23) —  —  (23) 
Cash (used)/provided by continuing operations(175) (679) 2,773  (1,273) 646  
Cash used by discontinued operations(2) (703) —  —  (705) 
Net Cash (Used)/Provided by Investing Activities(177) (1,382) 2,773  (1,273) (59) 
Cash Flows from Financing Activities
Payments from/(for) intercompany loans476  170  (646) —  —  
Intercompany dividends(1,273) —  —  1,273  —  
Payment of dividends to common stockholders—  —  (28) —  (28) 
Payments for treasury stock—  —  (1,000) —  (1,000) 
Distributions to noncontrolling interests from subsidiaries—  (17) —  —  (17) 
Proceeds from issuance of common stock—  —  15  —  15  
Proceeds from issuance of short and long-term debt—  163  832  —  995  
Payment of debt issuance costs—  —  (19) —  (19) 
Payments for short and long-term debt—  (106) (864) —  (970) 
Receivable from affiliate—  —  (26) —  (26) 
Other—  (4) —  —  (4) 
Cash (used)/provided by continuing operations(797) 206  (1,736) 1,273  (1,054) 
Cash provided by discontinued operations—  403  —  —  403  
Net Cash (Used)/Provided by Financing Activities(797) 609  (1,736) 1,273  (651) 
Effect of exchange rate changes on cash and cash equivalents—  1  —  —  1  
Change in cash from discontinued operations70  24  —  —  94  
Net Increase/(Decrease) in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash57  (388) 595  —  264  
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period41  425  620  —  1,086  
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period$98  $37  $1,215  $—  $1,350  
(a)All significant intercompany transactions have been eliminated in consolidation