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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
 Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the Quarterly Period Ended:September 30, 2020
Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Commission File Number: 001-15891
NRG Energy, Inc.
(Exact name of registrant as specified in its charter)

Delaware41-1724239
(State or other jurisdiction
of incorporation or organization)
(I.R.S. Employer
Identification No.)

804 Carnegie Center, PrincetonNew Jersey08540
(Address of principal executive offices)(Zip Code)
(609524-4500
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Exchange on Which Registered
Common Stock, par value $0.01NRGNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes       No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes       No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes       No
As of November 5, 2020, there were 244,220,834 shares of common stock outstanding, par value $0.01 per share.


1


TABLE OF CONTENTS
Index


2


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This Quarterly Report on Form 10-Q of NRG Energy, Inc., or NRG or the Company, includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The words "believes," "projects," "anticipates," "plans," "expects," "intends," "estimates" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause NRG's actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors, risks and uncertainties include the factors described under Risk Factors, in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and the following:
NRG's inability to estimate with any degree of certainty the future impact that COVID-19, any resurgence of COVID-19, or other pandemic may have on NRG's results of operations, financial position, risk exposure and liquidity;
NRG's ability to obtain and maintain retail market share;
General economic conditions, changes in the wholesale power markets and fluctuations in the cost of fuel;
Volatile power supply costs and demand for power;
Changes in law, including judicial decisions;
Hazards customary to the power production industry and power generation operations, such as fuel and electricity price volatility, unusual weather conditions, catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to fuel supply costs or availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission or gas pipeline system constraints and the possibility that NRG may not have adequate insurance to cover losses as a result of such hazards;
NRG's ability to engage in successful sales and divestitures, as well as mergers and acquisitions activity;
NRG's ability to successfully integrate, realize cost savings and manage any acquired businesses;
The effectiveness of NRG's risk management policies and procedures and the ability of NRG's counterparties to satisfy their financial commitments;
Counterparties' collateral demands and other factors affecting NRG's liquidity position and financial condition;
NRG's ability to operate its businesses efficiently and generate earnings and cash flows from its asset-based businesses in relation to its debt and other obligations;
NRG's ability to enter into contracts to sell power and procure fuel on acceptable terms and prices;
The liquidity and competitiveness of wholesale markets for energy commodities;
Government regulation, including changes in market rules, rates, tariffs and environmental laws;
Price mitigation strategies and other market structures employed by ISOs or RTOs that result in a failure to adequately and fairly compensate NRG's generation units;
NRG's ability to mitigate forced outage risk for units subject to capacity performance requirements in PJM, performance incentives in ISO-NE, and scarcity pricing in ERCOT;
NRG's ability to borrow funds and access capital markets, as well as NRG's substantial indebtedness and the possibility that NRG may incur additional indebtedness in the future;
Operating and financial restrictions placed on NRG and its subsidiaries that are contained in the indentures governing NRG's Senior Notes, Senior Secured Notes and Senior Credit Facility, and in debt and other agreements of certain of NRG subsidiaries and project affiliates generally;
Cyber terrorism and inadequate cybersecurity, or the occurrence of a catastrophic loss and the possibility that NRG may not have adequate insurance to cover losses resulting from such hazards or the inability of NRG's insurers to provide coverage;
NRG's ability to develop and build new power generation facilities;
NRG's ability to develop and innovate new products, as retail and wholesale markets continue to change and evolve;
NRG's ability to implement its strategy of finding ways to meet the challenges of climate change, clean air and protecting natural resources, while taking advantage of business opportunities;
NRG's ability to increase cash from operations through operational and market initiatives, corporate efficiencies, asset strategy, and a range of other programs throughout NRG to reduce costs or generate revenues;
NRG's ability to successfully evaluate investments and achieve intended financial results in new business and growth initiatives;
NRG's ability to achieve the expected benefits of its Transformation Plan; and

3


NRG's ability to develop and maintain successful partnering relationships as needed.
Forward-looking statements speak only as of the date they were made and NRG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing factors that could cause NRG's actual results to differ materially from those contemplated in any forward-looking statements included in this Quarterly Report on Form 10-Q should not be construed as exhaustive.

4


GLOSSARY OF TERMS
When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below:
2019 Form 10-KNRG’s Annual Report on Form 10-K for the year ended December 31, 2019
2023 Term Loan FacilityThe Company's term loan facility due 2023, a component of the Senior Credit Facility, which was repaid during the second quarter of 2019
ACEAffordable Clean Energy
Agua CalienteAgua Caliente Solar Project, a 290 MW photovoltaic power station located in Yuma County, Arizona in which NRG owns 35% interest
AROAsset Retirement Obligation
ASCThe FASB Accounting Standards Codification, which the FASB established as the source of authoritative GAAP
ASUAccounting Standards Updates - updates to the ASC
Average realized power pricesVolume-weighted average power prices, net of average fuel costs and reflecting the impact of settled hedges
Bankruptcy CodeChapter 11 of Title 11 the U.S. Bankruptcy Code
BTUBritish Thermal Unit
Business SolutionsNRG's business solutions group, which includes demand response, commodity sales, energy efficiency and energy management services
CAAClean Air Act
CAISOCalifornia Independent System Operator
California Bankruptcy CourtUnited States Bankruptcy Court for the Northern District of California, San Francisco Division
CARES ActCoronavirus Aid, Relief, and Economic Security Act
CarlsbadCarlsbad Energy Center, a 528 MW natural gas-fired project located in Carlsbad, CA
CCRCoal Combustion Residuals
CDDCooling Degree Day
CFTCU.S. Commodity Futures Trading Commission
C&ICommercial industrial and governmental/institutional
CentricaCentrica plc
CESClean Energy Standard
ClecoCleco Corporate Holdings LLC
CO2
Carbon Dioxide
ComEdCommonwealth Edison
CompanyNRG Energy, Inc.
Convertible Senior Notes
As of September 30, 2020, consists of NRG’s $575 million unsecured 2.75% Convertible Senior Notes due 2048
CottonwoodCottonwood Generating Station, a 1,153 MW natural gas-fueled plant
COVID-19Coronavirus Disease 2019
CPPClean Power Plan
CPUCCalifornia Public Utilities Commission
CWAClean Water Act
D.C. CircuitU.S. Court of Appeals for the District of Columbia Circuit
Distributed SolarSolar power projects that primarily sell power to customers for usage on site, or are interconnected to sell power into a local distribution grid
Economic gross marginSum of energy revenue, capacity revenue, retail revenue and other revenue, less cost of fuels and other cost of sales
EGUElectric Generating Unit
EPAU.S. Environmental Protection Agency
ERCOTElectric Reliability Council of Texas, the Independent System Operator and the regional reliability coordinator of the various electricity systems within Texas
ESCOEnergy Service Companies
ESPPNRG Energy, Inc. Amended and Restated Employee Stock Purchase Plan

5


Exchange ActThe Securities Exchange Act of 1934, as amended
FASBFinancial Accounting Standards Board
FERCFederal Energy Regulatory Commission
FGDFlue gas desulfurization
FTRsFinancial Transmission Rights
GAAPGenerally accepted accounting principles in the U.S.
GenOnGenOn Energy, Inc.
GenOn EntitiesGenOn and certain of its wholly owned subsidiaries, including GenOn Americas Generation, that filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the Texas Bankruptcy Court on June 14, 2017
GHGGreenhouse Gas
GIPGlobal Infrastructure Partners
Green Mountain EnergyGreen Mountain Energy Company
GWhGigawatt Hour
HDDHeating Degree Day
Heat RateA measure of thermal efficiency computed by dividing the total BTU content of the fuel burned by the resulting kWhs generated. Heat rates can be expressed as either gross or net heat rates, depending upon whether the electricity output measured is gross or net generation. Heat rates are generally expressed as BTU per net kWh
HLWHigh-level radioactive waste
HSR ActHart-Scott-Rodino Act
ICEIntercontinental Exchange
ISOIndependent System Operator, also referred to as RTOs
ISO-NEISO New England Inc.
IvanpahIvanpah Solar Electric Generation Station, a 393 MW solar thermal power plant located in California's Mojave Desert in which NRG owns 54.5% interest
kWhKilowatt-hour
LaGenLouisiana Generating, LLC
LIBORLondon Inter-Bank Offered Rate
LTIPsCollectively, the NRG long-term incentive plan ("LTIP") and the NRG GenOn LTIP
Mass MarketResidential and small commercial customers
MDthThousand Dekatherms
Midwest GenerationMidwest Generation, LLC
MISOMidcontinent Independent System Operator, Inc.
MMBtuMillion British Thermal Units
MWMegawatts
MWeMegawatt equivalent
MWhSaleable megawatt hour net of internal/parasitic load megawatt-hour
NAAQSNational Ambient Air Quality Standards
NEPOOLNew England Power Pool
NERCNorth American Electric Reliability Corporation
NJBPUNew Jersey Board of Public Utilities
Net ExposureCounterparty credit exposure to NRG, net of collateral
Net Revenue RateSum of retail revenues less TDSP transportation charges
NodalNodal Exchange is a derivatives exchange
NOLNet Operating Loss
NOxNitrogen Oxides
NPNSNormal Purchase Normal Sale
NRCU.S. Nuclear Regulatory Commission
NRGNRG Energy, Inc.

6


NRG Yield, Inc.NRG Yield, Inc., which changed its name to Clearway Energy, Inc. following the sale by NRG of NRG Yield and the Renewables Platform to GIP
Nuclear Decommissioning Trust FundNRG's nuclear decommissioning trust fund assets, which are for the Company's portion of the decommissioning of the STP, Units 1 & 2
Nuclear Waste Policy ActU.S. Nuclear Waste Policy Act of 1982
NYISONew York Independent System Operator
NYMEXNew York Mercantile Exchange
NYSPSCNew York State Public Service Commission
OCI/OCLOther Comprehensive Income/(Loss)
ORDCOperating Reserve Demand Curve
Petra NovaPetra Nova Parish Holdings, LLC which is 50% owned by NRG and which owns and operates a 240 MWe carbon capture system and a 78 MW cogeneration facility, and owns an equity interest in an oilfield
PG&EPG&E Corporation (NYSE: PCG) and its primary operating subsidiary, Pacific Gas and Electric Company
PJMPJM Interconnection, LLC
PM2.5Particulate Matter that has a diameter of less than 2.5 micrometers
PPAPower Purchase Agreement
PUCTPublic Utility Commission of Texas
RCEResidential Customer Equivalent is a unit of measure used by the energy industry to denote the typical annual commodity consumption by a single-family residential customer. 1 RCE represents 1,000 therms of natural gas or 10,000 kWh of electricity
RCRAResource Conservation and Recovery Act of 1976
Reliant EnergyReliant Energy Retail Services, LLC
Renewables Consists of the following projects in which NRG has an ownership interest: Agua Caliente, Ivanpah, and solar generating stations located at various NFL Stadiums
Renewables PlatformThe renewable operating and development platform sold by NRG to GIP with NRG's interest in NRG Yield, Inc.
Revolving Credit FacilityThe Company's $2.6 billion revolving credit facility, a component of the Senior Credit Facility, due 2024 was amended on May 28, 2019 and August 20, 2020
RGGIRegional Greenhouse Gas Initiative
RTORegional Transmission Organization, also referred to as ISOs
SECU.S. Securities and Exchange Commission
Securities ActThe Securities Act of 1933, as amended
Senior Credit FacilityNRG's senior secured credit facility, comprised of the Revolving Credit Facility and the 2023 Term Loan Facility. The 2023 Term Loan Facility was repaid in the second quarter of 2019
Senior Notes
As of September 30, 2020, NRG's $3.8 billion outstanding unsecured senior notes consisting of $1.0 billion of the 7.25% senior notes due 2026, $1.23 billion of the 6.625% senior notes due 2027, $821 million of 5.75% senior notes due 2028 and $733 million of the 5.250% senior notes due 2029
Senior Secured Notes
As of September 30, 2020, NRG’s $1.1 billion outstanding Senior Secured First Lien Notes consists of $600 million of the 3.75% Senior Secured First Lien Notes due 2024 and $500 million of the 4.45% Senior Secured First Lien Notes due 2029
SNFSpent Nuclear Fuel
SO2
Sulfur Dioxide
South Central PortfolioNRG's South Central Portfolio, which owned and operated a portfolio of generation assets consisting of Bayou Cove, Big Cajun-I, Big Cajun-II, Cottonwood and Sterlington, was sold on February 4, 2019. NRG is leasing back the Cottonwood facility through May 2025
STPSouth Texas Project — nuclear generating facility located near Bay City, Texas in which NRG owns a 44% interest
STPNOCSouth Texas Project Nuclear Operating Company
TDSPTransmission/distribution service provider
Texas Bankruptcy CourtUnited States Bankruptcy Court for the Southern District of Texas, Houston Division
Transformation PlanNRG's three-year plan announced in 2017, which includes targets related to operations and excellence, portfolio optimization, and capital structure and allocation enhancement

7


TWCCTexas Westmoreland Coal Co.
U.S.United States of America
U.S. DOEU.S. Department of Energy
Utility Scale SolarSolar power projects, typically 20 MW or greater in size (on an alternating current basis), that are interconnected into the transmission or distribution grid to sell power at a wholesale level
VaRValue at Risk
VIEVariable Interest Entity
ZECsZero Emissions Credits


8


PART I — FINANCIAL INFORMATION

ITEM 1 — CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

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)2020201920202019
Operating Revenues
Total operating revenues$2,809 $2,996 $7,066 $7,626 
Operating Costs and Expenses
Cost of operations2,034 2,153 4,925 5,649 
Depreciation and amortization99 91 318 261 
Impairment losses29  29 1 
Selling, general and administrative costs253 210 670 615 
Reorganization costs 1 3 16 
Development costs1 1 6 5 
Total operating costs and expenses2,416 2,456 5,951 6,547 
Gain on sale of assets  6 2 
Operating Income393 540 1,121 1,081 
Other Income/(Expense)
Equity in earnings of unconsolidated affiliates36 29 37 8 
Impairment losses on investments (107)(18)(107)
Other income, net11 17 52 49 
Loss on debt extinguishment, net  (1)(47)
Interest expense(99)(99)(292)(318)
Total other expense(52)(160)(222)(415)
Income from Continuing Operations Before Income Taxes341 380 899 666 
Income tax expense92 6 216 9 
Income from Continuing Operations249 374 683 657 
(Loss)/income from discontinued operations, net of income tax (2) 399 
Net Income249 372 683 1,056 
Less: Net income attributable to redeemable noncontrolling interests   1 
Net Income Attributable to NRG Energy, Inc.$249 $372 $683 $1,055 
Earnings per Share
Weighted average number of common shares outstanding — basic244 254 246 266 
Income from continuing operations per weighted average common share — basic $1.02 $1.47 $2.78 $2.47 
(Loss)/income from discontinued operations per weighted average common share — basic$ $(0.01)$ $1.50 
Earnings per Weighted Average Common Share — Basic $1.02 $1.46 $2.78 $3.97 
Weighted average number of common shares outstanding — diluted245 256 247 268 
Income from continuing operations per weighted average common share — diluted$1.02 $1.46 $2.77 $2.45 
(Loss)/income from discontinued operations per weighted average common share — diluted$ $(0.01)$ $1.49 
Earnings per Weighted Average Common Share — Diluted$1.02 $1.45 $2.77 $3.94 
See accompanying notes to condensed consolidated financial statements.

9


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

Three months ended September 30,Nine months ended September 30,
(In millions)2020201920202019
Net Income$249 $372 $683 $1,056 
Other Comprehensive Income/(Loss)
Foreign currency translation adjustments4 (4)2 (4)
Available-for-sale securities (14) (13)
Defined benefit plans (41) (47)
Other comprehensive income/(loss)4 (59)2 (64)
Comprehensive Income253 313 685 992 
Less: Comprehensive income attributable to redeemable noncontrolling interest   1 
Comprehensive Income Attributable to NRG Energy, Inc.$253 $313 $685 $991 
See accompanying notes to condensed consolidated financial statements.

10


NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
September 30, 2020December 31, 2019
(In millions, except share data)(Unaudited)(Audited)
ASSETS
Current Assets
Cash and cash equivalents$697 $345 
Funds deposited by counterparties15 32 
Restricted cash6 8 
Accounts receivable, net1,126 1,025 
Inventory330 383 
Derivative instruments578 860 
Cash collateral paid in support of energy risk management activities77 190 
Prepayments and other current assets258 245 
Total current assets3,087 3,088 
Property, plant and equipment, net2,573 2,593 
Other Assets
Equity investments in affiliates376 388 
Operating lease right-of-use assets, net345 464 
Goodwill579 579 
Intangible assets, net721 789 
Nuclear decommissioning trust fund828 794 
Derivative instruments315 310 
Deferred income taxes3,087 3,286 
Other non-current assets314 240 
Total other assets6,565 6,850 
Total Assets$12,225 $12,531 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt3 88 
Current portion of operating lease liabilities69 73 
Accounts payable753 722 
Derivative instruments495 781 
Cash collateral received in support of energy risk management activities15 32 
Accrued expenses and other current liabilities651 663 
Total current liabilities1,986 2,359 
Other Liabilities
Long-term debt5,792 5,803 
Non-current operating lease liabilities297 483 
Nuclear decommissioning reserve311 298 
Nuclear decommissioning trust liability508 487 
Derivative instruments318 322 
Deferred income taxes17 17 
Other non-current liabilities1,062 1,084 
Total other liabilities8,305 8,494 
Total Liabilities10,291 10,853 
Redeemable noncontrolling interest in subsidiaries 20 
Commitments and Contingencies
Stockholders' Equity
Common stock; $0.01 par value; 500,000,000 shares authorized; 423,041,349 and 421,890,790 shares issued and 244,147,420 and 248,996,189 shares outstanding at September 30, 2020 and December 31, 2019, respectively
4 4 
Additional paid-in-capital8,511 8,501 
Accumulated deficit(1,157)(1,616)
Treasury stock, at cost - 178,893,929 and 172,894,601 shares at September 30, 2020 and December 31, 2019, respectively
(5,234)(5,039)
Accumulated other comprehensive loss(190)(192)
Total Stockholders' Equity1,934 1,658 
Total Liabilities and Stockholders' Equity$12,225 $12,531 
See accompanying notes to condensed consolidated financial statements.

11


NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Nine months ended September 30,
(In millions)20202019
Cash Flows from Operating Activities
Net Income$683 $1,056 
Income from discontinued operations, net of income tax 399 
Income from continuing operations683 657 
Adjustments to reconcile net income to cash provided by operating activities:
Distributions from and equity in losses/(earnings) of unconsolidated affiliates6 (5)
Depreciation and amortization318 261 
Accretion of asset retirement obligations46 31 
Provision for credit losses74 87 
Amortization of nuclear fuel40 40 
Amortization of financing costs and debt discount/premiums23 20 
Loss on debt extinguishment, net1 47 
Amortization of emissions allowances and energy credits60 28 
Amortization of unearned equity compensation17 15 
Gain on sale and disposal of assets(22)(20)
Impairment losses47 108 
Changes in derivative instruments(7)36 
Changes in deferred income taxes and liability for uncertain tax benefits202 (3)
Changes in collateral deposits in support of energy risk management activities96 129 
Changes in nuclear decommissioning trust liability39 27 
Changes in other working capital(237)(569)
Cash provided by continuing operations1,386 889 
Cash provided by discontinued operations 8 
Net Cash Provided by Operating Activities1,386 897 
Cash Flows from Investing Activities
Payments for acquisitions of assets and businesses(277)(348)
Capital expenditures(167)(183)
Net proceeds from notes receivable 2 
Net (purchases)/sales of emission allowances(15)14 
Investments in nuclear decommissioning trust fund securities(360)(295)
Proceeds from the sale of nuclear decommissioning trust fund securities318 271 
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees15 1,293 
Changes in investments in unconsolidated affiliates2 (94)
Contributions to discontinued operations (44)
Cash (used)/provided by continuing operations(484)616 
Cash used by discontinued operations (2)
Net Cash (Used)/Provided by Investing Activities(484)614 
Cash Flows from Financing Activities
Payments of dividends to common stockholders(221)(24)
Payments for share repurchase activity(229)(1,322)
Payments for debt extinguishment costs (24)
Purchase of and distributions to noncontrolling interests from subsidiaries(2)(1)
Proceeds from issuance of common stock1 3 
Proceeds from issuance of long-term debt59 1,833 
Payments of debt issuance costs(24)(34)
Repayments of long-term debt(62)(2,487)
Net (repayments)/proceeds of Revolving Credit Facility(83)215 
Other(6) 
Cash used by continuing operations(567)(1,841)
Cash provided by discontinued operations 43 
Net Cash Used by Financing Activities(567)(1,798)
Effect of exchange rate changes on cash and cash equivalents(2) 
Change in Cash from discontinued operations 49 
Net Increase/(Decrease) in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash333 (336)
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period385 613 
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period$718 $277 
See accompanying notes to condensed consolidated financial statements.

12


NRG ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(Unaudited)

(In millions)Common
Stock
Additional
Paid-In
Capital
Accumulated DeficitTreasury
Stock
Accumulated
Other
Comprehensive
Loss
Total
Stock-holders'
Equity
Balance at December 31, 2019$4 $8,501 $(1,616)$(5,039)$(192)$1,658 
Net income attributable to NRG Energy, Inc.
121 121 
Other comprehensive loss
(15)(15)
Repurchase of partners' equity interest in VIE
18 18 
Share repurchases
(150)(150)
Equity-based awards activity, net
(21)(21)
Common stock dividends and dividend equivalents declared(a)
(75)(75)
Balance at March 31, 2020$4 $8,498 $(1,570)$(5,189)$(207)$1,536 
Net income attributable to NRG Energy, Inc.
313 313 
Other comprehensive income
13 13 
Shares reissuance for ESPP
2 2 
Share repurchases
(47)(47)
Equity-based awards activity, net
6 6 
Issuance of common stock
1 1 
Common stock dividends and dividend equivalents declared(a)
(74)(74)
Balance at June 30, 2020$4 $8,505 $(1,331)$(5,234)$(194)$1,750 
Net income attributable to NRG Energy, Inc.
249 249 
Other comprehensive income4 4 
Equity-based awards activity, net
6 6 
Common stock dividends and dividend equivalents declared(a)
(75)(75)
Balance at September 30, 2020$4 $8,511 $(1,157)$(5,234)$(190)$1,934 

(In millions)Common
Stock
Additional
Paid-In
Capital
Accumulated DeficitTreasury
Stock
Accumulated
Other
Comprehensive
Loss
Total
Stock-holders'
Equity
Balance at December 31, 2018$4 $8,510 $(6,022)$(3,632)$(94)$(1,234)
Net income attributable to NRG Energy, Inc.
482 482 
Other comprehensive loss(2)(2)
Share repurchases
(10)(739)(749)
Equity-based awards activity, net
(32)(