XML 37 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income and Comprehensive Income (FirstEnergy Solutions Corp.) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES:    
Electric sales $ 1,341 $ 1,450
Total revenues 3,729 [1] 3,990 [1]
OPERATING EXPENSES:    
Fuel 630 541
Purchased power 943 1,259
Other operating expenses 884 818
Provision for depreciation 294 279
General taxes 265 272
Total operating expenses 3,075 3,244
OPERATING INCOME (LOSS) 654 746
OTHER INCOME (EXPENSE):    
Loss on debt redemptions (119) 0
Investment income 18 11
Interest expense (256) (246)
Capitalized interest 15 17
Total other income (expense) (342) (218)
Total before taxes 312 528
INCOME TAXES (BENEFITS) 116 222
Net of tax 196 306
STATEMENTS OF COMPREHENSIVE INCOME    
NET INCOME 196 306
OTHER COMPREHENSIVE INCOME (LOSS):    
Pension and OPEB prior service costs (46) (53)
Amortized gain (loss) on derivative hedges 1 (2)
Change in unrealized gain on available-for-sale securities 5 10
Other comprehensive income (loss) (40) (45)
Income taxes (benefits) on other comprehensive income (loss) (16) (24)
Net other comprehensive income (loss) (24) (21)
COMPREHENSIVE INCOME 172 285
FES
   
REVENUES:    
Other 75 63
Total revenues 1,530 1,516
OPERATING EXPENSES:    
Fuel 300 295
Other operating expenses 380 295
Provision for depreciation 76 63
General taxes 37 37
Total operating expenses 1,430 1,294
OPERATING INCOME (LOSS) 100 222
OTHER INCOME (EXPENSE):    
Loss on debt redemptions (73) 0
Investment income 17 6
Miscellaneous income 2 4
Capitalized interest 9 9
Total other income (expense) (96) (24)
Total before taxes 4 198
INCOME TAXES (BENEFITS) 2 76
Net of tax 2 122
STATEMENTS OF COMPREHENSIVE INCOME    
NET INCOME 2 122
OTHER COMPREHENSIVE INCOME (LOSS):    
Pension and OPEB prior service costs (6) (5)
Amortized gain (loss) on derivative hedges (1) (5)
Change in unrealized gain on available-for-sale securities 5 10
Other comprehensive income (loss) (2) 0
Income taxes (benefits) on other comprehensive income (loss) (1) 2
Net other comprehensive income (loss) (1) (2)
COMPREHENSIVE INCOME 1 120
FES | Affiliates
   
REVENUES:    
Electric sales 156 121
OPERATING EXPENSES:    
Purchased power 132 117
OTHER INCOME (EXPENSE):    
Interest expense (1) (2)
FES | Non-Affiliates
   
REVENUES:    
Electric sales 1,299 1,332
OPERATING EXPENSES:    
Purchased power 505 487
OTHER INCOME (EXPENSE):    
Interest expense $ (50) $ (41)
[1] Includes excise tax collections of $114 million and $121 million in the three months ended March 31, 2013 and 2012, respectively.