XML 20 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income (FirstEnergy Corp.) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]                      
Investment Income, Net                 $ (22) $ 72 $ 33
REVENUES:                      
Electric utilities $ 3,541 $ 4,123 $ 3,465 $ 3,897 $ 3,483 $ 3,888 $ 3,496 $ 4,182 10,636 9,871 9,451
Unregulated businesses                 4,390 5,178 5,441
Total revenues [1]                 15,026 15,049 14,892
OPERATING EXPENSES:                      
Fuel                 1,855 2,280 2,496
Purchased power                 4,318 4,716 3,963
Other operating expenses 952 850 916 1,057 901 858 1,021 1,182 3,749 3,962 3,593
Pension and OPEB mark-to-market adjustment 242 0 0 0 835 0 0 0 242 835 (256)
Provision for depreciation 313 328 322 319 316 308 302 294 1,282 1,220 1,202
Amortization of regulatory assets, net                 268 12 539
General taxes                 978 962 978
Impairment of long-lived assets                 42 0 795
Total operating expenses                 12,734 13,987 13,310
OPERATING INCOME (LOSS) 236 908 554 594 (337) 716 292 391 2,292 1,062 1,582
OTHER INCOME (EXPENSE):                      
Loss on debt redemptions                 0 (8) (132)
Impairment of equity method investment                 (362) 0 0
Interest expense                 (1,132) (1,073) (1,016)
Capitalized financing costs                 117 118 103
Total other expense                 (1,399) (891) (1,012)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (BENEFITS)                 893 171 570
INCOME TAXES (BENEFITS) (170) 226 115 144 (268) 152 26 48 315 (42) 195
INCOME (LOSS) FROM CONTINUING OPERATIONS (226) 395 187 222 (306) 333 64 122 578 213 375
Discontinued operations (net of income taxes of $0, $69 and $9, respectively) (Note 19) 0 0 0 0 0 0 0 86 0 86 17
NET INCOME (LOSS) $ (226) $ 395 $ 187 $ 222 $ (306) $ 333 $ 64 $ 208 578 299 392
EARNINGS AVAILABLE TO FIRSTENERGY CORP.                 $ 578 $ 299 $ 392
EARNINGS PER SHARE OF COMMON STOCK:                      
Basic - Continuing Operations, in dollars per share $ (0.53) $ 0.94 $ 0.44 $ 0.53 $ (0.73) $ 0.79 $ 0.16 $ 0.29 $ 1.37 $ 0.51 $ 0.90
Basic - Discontinued Operations, in dollars per share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.21 0.00 0.20 0.04
Basic - Earnings Available to FirstEnergy Corp., in dollars per share (0.53) 0.94 0.44 0.53 (0.73) 0.79 0.16 0.50 1.37 0.71 0.94
Diluted - Continuing Operations, in dollars per share (0.53) 0.93 0.44 0.53 (0.73) 0.79 0.15 0.29 1.37 0.51 0.90
Diluted - Discontinued Operations, in dollars per share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.20 0.04
Diluted - Earnings Available to FirstEnergy Corp., in dollars per share $ (0.53) $ 0.93 $ 0.44 $ 0.53 $ (0.73) $ 0.79 $ 0.15 $ 0.49 $ 1.37 $ 0.71 $ 0.94
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:                      
Basic, in shares                 422 420 418
Diluted, in shares                 424 421 419
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share                 $ 1.44 $ 1.44 $ 1.65
[1] Includes excise tax collections of $416 million, $420 million and $458 million in 2015, 2014 and 2013, respectively.