XML 43 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income and Comprehensive Income (Unaudited) (FirstEnergy Solutions Corp.) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Electric sales $ 1,590 $ 1,470 $ 3,157 $ 2,711
Total revenues 2,279 2,590 4,790 4,925
OPERATING EXPENSES:        
Fuel 656 635 1,197 1,088
Purchased power 1,156 1,220 2,503 2,406
Other operating expenses 914 1,065 1,726 2,058
Provision for depreciation 292 287 577 512
General taxes 232 242 504 479
Total operating expenses 3,312 3,539 6,644 6,765
OPERATING INCOME (LOSS) 557 521 1,303 871
OTHER INCOME (EXPENSE):        
Investment income 13 31 24 52
Interest expense (274) (265) (520) (496)
Capitalized interest 19 20 36 38
Total other income (expense) (242) (214) (460) (406)
INCOME BEFORE INCOME TAXES 315 307 843 465
INCOME TAXES (BENEFITS) 127 114 349 225
NET INCOME 188 193 494 240
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 188 193 494 240
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (48) 48 (101) 4
Amortized gain (loss) on derivative hedges 3 17 1 11
Change in unrealized gain on available-for-sale securities 2 10 12 19
Other comprehensive income (loss) (43) 75 (88) 34
Income taxes (benefits) on other comprehensive income (loss) (27) 33 (51) 14
Other comprehensive income (loss), net of tax (16) 42 (37) 20
COMPREHENSIVE INCOME 172 235 457 260
FES
       
REVENUES:        
Other 54 70 117 156
Total revenues 1,456 1,292 2,972 2,684
OPERATING EXPENSES:        
Fuel 380 316 675 659
Other operating expenses 393 413 688 878
Provision for depreciation 69 69 132 138
General taxes 32 30 69 60
Impairment of long-lived assets 0 7 0 20
Total operating expenses 1,441 1,229 2,735 2,515
OPERATING INCOME (LOSS) 15 63 237 169
OTHER INCOME (EXPENSE):        
Investment income 6 16 12 22
Miscellaneous income 20 4 24 8
Capitalized interest 9 10 18 20
Total other income (expense) (15) (24) (39) (58)
INCOME BEFORE INCOME TAXES 0 39 198 111
INCOME TAXES (BENEFITS) 1 10 77 37
NET INCOME (1) 29 121 74
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME (1) 29 121 74
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs 8 (5) 3 (9)
Amortized gain (loss) on derivative hedges 1 14 (4) 5
Change in unrealized gain on available-for-sale securities 3 8 13 15
Other comprehensive income (loss) 12 17 12 11
Income taxes (benefits) on other comprehensive income (loss) 2 8 4 4
Other comprehensive income (loss), net of tax 10 9 8 7
COMPREHENSIVE INCOME 9 38 129 81
FES | Affiliates
       
REVENUES:        
Electric sales 109 170 230 431
OPERATING EXPENSES:        
Purchased power 133 65 250 134
OTHER INCOME (EXPENSE):        
Interest expense (2) (2) (4) (3)
FES | Non-Affiliates
       
REVENUES:        
Electric sales 1,293 1,052 2,625 2,097
OPERATING EXPENSES:        
Purchased power 434 329 921 626
OTHER INCOME (EXPENSE):        
Interest expense $ (48) $ (52) $ (89) $ (105)