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Consolidated Statements of Income (FirstEnergy Corp.) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Electric utilities $ 2,530 $ 2,670 $ 7,139 $ 7,533
Unregulated businesses 1,506 1,382 4,131 4,247
Total revenues 4,036 [1] 4,052 [1] 11,270 [1] 11,780 [1]
OPERATING EXPENSES:        
Fuel 657 636 1,915 1,833
Purchased power 1,120 1,063 2,932 3,367
Other operating expenses 877 861 2,645 2,597
Provision for depreciation 316 272 909 834
Amortization of regulatory assets, net 312 61 443 198
General taxes 242 257 747 760
Impairment of long-lived assets 0 0 473 0
Total operating expenses 3,524 3,150 10,064 9,589
OPERATING INCOME (LOSS) 512 902 1,206 2,191
OTHER INCOME (EXPENSE):        
Gain (loss) on debt redemptions 9 0 (132) 0
Investment income 5 39 8 63
Interest expense (257) (230) (771) (750)
Capitalized interest 17 18 51 54
Total other income (expense) (226) (173) (844) (633)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 286 729 362 1,558
INCOME TAXES 77 307 129 650
NET INCOME FROM CONTINUING OPERATIONS 209 422 233 908
Discontinued operations (net of income taxes of $3, $2, $9 and $8, respectively) (Note 16) 9 3 17 11
NET INCOME (LOSS) 218 425 250 919
Income attributable to noncontrolling interest 0 0 0 1
EARNINGS AVAILABLE TO FIRSTENERGY CORP. $ 218 $ 425 $ 250 $ 918
EARNINGS PER SHARE OF COMMON STOCK:        
Basic - Continuing Operations, in dollars per share $ 0.50 $ 1.01 $ 0.56 $ 2.17
Basic - Discontinued Operations (Note 16), in dollars per share $ 0.02 $ 0.01 $ 0.04 $ 0.03
Basic - Earnings Available to FirstEnergy Corp., in dollars per share $ 0.52 $ 1.02 $ 0.60 $ 2.20
Diluted - Continuing Operations, in dollars per share $ 0.50 $ 1.00 $ 0.56 $ 2.16
Diluted - Discontinued Operations (Note 16), in dollars per share $ 0.02 $ 0.01 $ 0.04 $ 0.03
Diluted - Earnings Available to FirstEnergy Corp., in dollars per share $ 0.52 $ 1.01 $ 0.60 $ 2.19
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic, in shares 418 417 418 418
Diluted, in shares 419 419 419 419
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share $ 1.10 $ 1.10 $ 1.65 $ 1.65
[1] Includes excise tax collections of $117 million and $123 million in the three months ended September 30, 2013 and 2012, respectively, and $346 million and $351 million in the nine months ended September 30, 2013 and 2012, respectively.