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Consolidated Statements of Income (FirstEnergy Corp.) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Electric utilities $ 2,221 $ 2,323 $ 4,609 $ 4,863
Unregulated businesses 1,298 1,432 2,639 2,882
Total revenues 3,519 [1] 3,755 [1] 7,248 [1] 7,745 [1]
OPERATING EXPENSES:        
Fuel 628 656 1,258 1,197
Purchased power 862 1,042 1,805 2,301
Other operating expenses 887 921 1,771 1,739
Provision for depreciation 302 285 596 564
Amortization of regulatory assets, net 72 62 131 137
General taxes 241 232 506 504
Impairment of long-lived assets 473 0 473 0
Total operating expenses 3,465 3,198 6,540 6,442
OPERATING INCOME (LOSS) 54 557 708 1,303
OTHER INCOME (EXPENSE):        
Loss on debt redemptions (24) 0 (141) 0
Investment income (loss) (15) 13 3 24
Interest expense (256) (274) (514) (520)
Capitalized interest 19 19 34 36
Total other income (expense) (276) (242) (618) (460)
INCOME (LOSSES) BEFORE INCOME TAXES (222) 315 90 843
INCOME TAXES (BENEFITS) (58) 127 58 349
NET INCOME (LOSS) (164) 188 32 494
Income attributable to noncontrolling interest 0 1 0 1
EARNINGS (LOSSES) AVAILABLE TO FIRSTENERGY CORP. $ (164) $ 187 $ 32 $ 493
EARNINGS PER SHARE OF COMMON STOCK:        
Basic, in dollars per share $ (0.39) $ 0.45 $ 0.08 $ 1.18
Diluted, in dollars per share $ (0.39) $ 0.45 $ 0.08 $ 1.18
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic, in shares 418 417 418 418
Diluted, in shares 418 419 419 419
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0 $ 0 $ 0.55 $ 0.55
[1] Includes excise tax collections of $107 million in each of the three month periods ended June 30, 2013 and 2012 and $229 million and $228 million in the six months ended June 30, 2013 and 2012, respectively.