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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Total revenues [1] $ 12,870 $ 12,459 $ 11,132
OPERATING EXPENSES:      
Fuel 538 730 481
Purchased power 4,108 3,863 2,964
Other operating expenses 3,594 3,817 3,196
Provision for depreciation 1,461 1,375 1,302
Amortization (deferral) of regulatory assets, net (261) (365) 269
General taxes 1,164 1,129 1,073
DPA penalty (Note 14) 0 0 230
Gain on sale of Yards Creek 0 0 (109)
Total operating expenses 10,604 10,549 9,406
OPERATING INCOME 2,266 1,910 1,726
OTHER INCOME (EXPENSE):      
Debt redemption costs (Note 11) (36) (171) (2)
Equity method investment earnings (Note 1) 175 168 31
Miscellaneous income, net 164 415 486
Pension and OPEB mark-to-market adjustment (78) 72 382
Interest expense (1,124) (1,039) (1,139)
Capitalized financing costs 97 84 75
Total other expense (802) (471) (167)
INCOME BEFORE INCOME TAXES 1,464 1,439 1,559
INCOME TAXES 267 1,000 320
INCOME FROM CONTINUING OPERATIONS 1,197 439 1,239
Discontinued operations (Note 15) [2] (21) 0 44
NET INCOME 1,176 439 1,283
Income attributable to noncontrolling interest (continuing operations) 74 33 0
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. 1,102 406 1,283
AMOUNTS ATTRIBUTABLE TO FIRSTENERGY CORP.      
Earnings from continuing operations 1,123 406 1,239
Earnings from discontinued operations [2] (21) 0 44
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 1,102 $ 406 $ 1,283
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3)      
Basic - continuing operations (in dollars per share) $ 1.96 $ 0.71 $ 2.27
Basic - discontinued operations (in dollars per share) (0.04) 0 0.08
Basic (in dollars per share) 1.92 0.71 2.35
Diluted - continuing operations (in dollars per share) 1.96 0.71 2.27
Diluted - discontinued operations (in dollars per share) (0.04) 0 0.08
Diluted (in dollars per share) $ 1.92 $ 0.71 $ 2.35
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 573 571 545
Diluted (in shares) 574 572 546
Distribution services and retail generation      
REVENUES:      
Total revenues $ 10,405 $ 9,916 $ 9,009
Transmission      
REVENUES:      
Total revenues 2,049 1,863 1,608
Other      
REVENUES:      
Total revenues $ 416 $ 680 $ 515
[1] Includes excise and gross receipts tax collections of $420 million, $406 million and $374 million in 2023, 2022 and 2021, respectively.
[2] Net of income tax benefit (expense) of ($21 million) and $48 million in 2023 and 2021, respectively.