XML 131 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (FirstEnergy Solutions Corp.) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME $ 299us-gaap_ProfitLoss $ 392us-gaap_ProfitLoss $ 771us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash from operating activities-      
Provision for depreciation 1,220us-gaap_Depreciation 1,202us-gaap_Depreciation 1,119us-gaap_Depreciation
Nuclear fuel amortization 220us-gaap_AmortizationOfNuclearFuelLease 209us-gaap_AmortizationOfNuclearFuelLease 210us-gaap_AmortizationOfNuclearFuelLease
Amortization of deferred costs on sale leaseback transaction, net 48us-gaap_AmortizationOfDeferredLeasingFees 48us-gaap_AmortizationOfDeferredLeasingFees 48us-gaap_AmortizationOfDeferredLeasingFees
Amortization of customer intangibles assets and deferred advertising costs 60fe_AmortizationofIntangiblesAssetsandDeferredAdvertisingCosts 18fe_AmortizationofIntangiblesAssetsandDeferredAdvertisingCosts 18fe_AmortizationofIntangiblesAssetsandDeferredAdvertisingCosts
Deferred income taxes and investment tax credits, net 162us-gaap_DeferredIncomeTaxesAndTaxCredits 243us-gaap_DeferredIncomeTaxesAndTaxCredits 647us-gaap_DeferredIncomeTaxesAndTaxCredits
Investment impairments 37fe_ImpairmentOfInvestmentsHeld 90fe_ImpairmentOfInvestmentsHeld 27fe_ImpairmentOfInvestmentsHeld
Pension and OPEB mark-to-market adjustment 835us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease (256)us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 609us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
Pension trust contributions 0us-gaap_PensionContributions 0us-gaap_PensionContributions (600)us-gaap_PensionContributions
Gain on sale of investment securities held in trusts (64)us-gaap_GainLossOnSaleOfInvestments (56)us-gaap_GainLossOnSaleOfInvestments (71)us-gaap_GainLossOnSaleOfInvestments
Gain on asset sales 0us-gaap_GainLossOnSaleOfOtherAssets (21)us-gaap_GainLossOnSaleOfOtherAssets (17)us-gaap_GainLossOnSaleOfOtherAssets
Commodity derivative transactions, net (Note 10) 64us-gaap_UnrealizedGainLossOnCommodityContracts (3)us-gaap_UnrealizedGainLossOnCommodityContracts (102)us-gaap_UnrealizedGainLossOnCommodityContracts
Loss on debt redemptions 8us-gaap_GainsLossesOnExtinguishmentOfDebt 132us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Make-whole premiums paid on debt redemptions 0fe_PaymentsofDebtRedemptionMakewholePremiums (187)fe_PaymentsofDebtRedemptionMakewholePremiums 0fe_PaymentsofDebtRedemptionMakewholePremiums
Lease payments on sale and leaseback transaction (137)fe_LeasePaymentsonSaleandLeasebackTransaction (136)fe_LeasePaymentsonSaleandLeasebackTransaction (186)fe_LeasePaymentsonSaleandLeasebackTransaction
Income from discontinued operations (Note 19) (86)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (17)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (16)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Decrease (increase) in operating assets-      
Receivables 139us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (114)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (13)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Materials and supplies (65)us-gaap_IncreaseDecreaseInInventories 96us-gaap_IncreaseDecreaseInInventories (50)us-gaap_IncreaseDecreaseInInventories
Prepayments and other current assets 126us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (126)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (12)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase (decrease) in operating liabilities-      
Accounts payable 42us-gaap_IncreaseDecreaseInAccountsPayableTrade (25)us-gaap_IncreaseDecreaseInAccountsPayableTrade 100us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued taxes (165)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 85us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (2)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued compensation and benefits (22)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 19us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (55)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Cash collateral, net (54)us-gaap_IncreaseDecreaseInDepositsOutstanding (36)us-gaap_IncreaseDecreaseInDepositsOutstanding 12us-gaap_IncreaseDecreaseInDepositsOutstanding
Other 143us-gaap_OtherOperatingActivitiesCashFlowStatement 5us-gaap_OtherOperatingActivitiesCashFlowStatement 125us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided from operating activities 2,713us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 2,662us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 2,320us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
New financing-      
Long-term debt 4,528us-gaap_ProceedsFromIssuanceOfLongTermDebt 3,745us-gaap_ProceedsFromIssuanceOfLongTermDebt 750us-gaap_ProceedsFromIssuanceOfLongTermDebt
Short-term borrowings, net 0us-gaap_ProceedsFromShortTermDebt 1,435us-gaap_ProceedsFromShortTermDebt 1,969us-gaap_ProceedsFromShortTermDebt
Redemptions and Repayments-      
Long-term debt (1,759)us-gaap_RepaymentsOfLongTermDebt (3,600)us-gaap_RepaymentsOfLongTermDebt (940)us-gaap_RepaymentsOfLongTermDebt
Short-term borrowings, net (1,605)us-gaap_RepaymentsOfShortTermDebt 0us-gaap_RepaymentsOfShortTermDebt 0us-gaap_RepaymentsOfShortTermDebt
Tender premiums paid on debt redemptions 0fe_PaymentsofDebtRedemptionTenderPremiums (110)fe_PaymentsofDebtRedemptionTenderPremiums 0fe_PaymentsofDebtRedemptionTenderPremiums
Other (47)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (73)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (52)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided from (used for) financing activities 513us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 477us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 807us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property additions (3,312)us-gaap_PaymentsToAcquireProductiveAssets (2,638)us-gaap_PaymentsToAcquireProductiveAssets (2,678)us-gaap_PaymentsToAcquireProductiveAssets
Nuclear fuel (233)us-gaap_PaymentsForNuclearFuel (250)us-gaap_PaymentsForNuclearFuel (286)us-gaap_PaymentsForNuclearFuel
Proceeds from asset sales 394us-gaap_ProceedsFromSaleOfProductiveAssets 4us-gaap_ProceedsFromSaleOfProductiveAssets 17us-gaap_ProceedsFromSaleOfProductiveAssets
Sales of investment securities held in trusts 2,133us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 2,047us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 2,980us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Purchases of investment securities held in trusts (2,236)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (2,096)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (3,020)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Other 13us-gaap_PaymentsForProceedsFromOtherInvestingActivities 9us-gaap_PaymentsForProceedsFromOtherInvestingActivities (43)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used for investing activities (3,359)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,093)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,157)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net change in cash and cash equivalents (133)us-gaap_NetCashProvidedByUsedInContinuingOperations 46us-gaap_NetCashProvidedByUsedInContinuingOperations (30)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 218us-gaap_CashAndCashEquivalentsAtCarryingValue 172us-gaap_CashAndCashEquivalentsAtCarryingValue 202us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 85us-gaap_CashAndCashEquivalentsAtCarryingValue 218us-gaap_CashAndCashEquivalentsAtCarryingValue 172us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid (received) during the year-      
Interest (net of amounts capitalized) 931us-gaap_InterestPaidNet 969us-gaap_InterestPaidNet 962us-gaap_InterestPaidNet
Income taxes (received), net of refunds (103)us-gaap_IncomeTaxesPaidNet 36us-gaap_IncomeTaxesPaidNet (6)us-gaap_IncomeTaxesPaidNet
FES      
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (244)us-gaap_ProfitLoss
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60us-gaap_ProfitLoss
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187us-gaap_ProfitLoss
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Adjustments to reconcile net income (loss) to net cash from operating activities-      
Provision for depreciation 319us-gaap_Depreciation
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306us-gaap_Depreciation
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272us-gaap_Depreciation
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Nuclear fuel amortization 220us-gaap_AmortizationOfNuclearFuelLease
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209us-gaap_AmortizationOfNuclearFuelLease
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210us-gaap_AmortizationOfNuclearFuelLease
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Amortization of deferred costs on sale leaseback transaction, net 48us-gaap_AmortizationOfDeferredLeasingFees
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48us-gaap_AmortizationOfDeferredLeasingFees
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= fe_FesMember
48us-gaap_AmortizationOfDeferredLeasingFees
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= fe_FesMember
Amortization of customer intangibles assets and deferred advertising costs 60fe_AmortizationofIntangiblesAssetsandDeferredAdvertisingCosts
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= fe_FesMember
18fe_AmortizationofIntangiblesAssetsandDeferredAdvertisingCosts
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18fe_AmortizationofIntangiblesAssetsandDeferredAdvertisingCosts
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Deferred income taxes and investment tax credits, net 7us-gaap_DeferredIncomeTaxesAndTaxCredits
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309us-gaap_DeferredIncomeTaxesAndTaxCredits
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214us-gaap_DeferredIncomeTaxesAndTaxCredits
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Investment impairments 33fe_ImpairmentOfInvestmentsHeld
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79fe_ImpairmentOfInvestmentsHeld
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14fe_ImpairmentOfInvestmentsHeld
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Pension and OPEB mark-to-market adjustment 297us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
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(81)us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
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166us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
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Pension trust contributions 0us-gaap_PensionContributions
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0us-gaap_PensionContributions
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(209)us-gaap_PensionContributions
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Gain on sale of investment securities held in trusts (61)us-gaap_GainLossOnSaleOfInvestments
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(49)us-gaap_GainLossOnSaleOfInvestments
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(65)us-gaap_GainLossOnSaleOfInvestments
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Gain on asset sales 0us-gaap_GainLossOnSaleOfOtherAssets
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(20)us-gaap_GainLossOnSaleOfOtherAssets
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= fe_FesMember
(17)us-gaap_GainLossOnSaleOfOtherAssets
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Commodity derivative transactions, net (Note 10) 65us-gaap_UnrealizedGainLossOnCommodityContracts
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5us-gaap_UnrealizedGainLossOnCommodityContracts
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(74)us-gaap_UnrealizedGainLossOnCommodityContracts
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Loss on debt redemptions 6us-gaap_GainsLossesOnExtinguishmentOfDebt
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103us-gaap_GainsLossesOnExtinguishmentOfDebt
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0us-gaap_GainsLossesOnExtinguishmentOfDebt
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Make-whole premiums paid on debt redemptions 0fe_PaymentsofDebtRedemptionMakewholePremiums
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(31)fe_PaymentsofDebtRedemptionMakewholePremiums
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0fe_PaymentsofDebtRedemptionMakewholePremiums
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= fe_FesMember
Lease payments on sale and leaseback transaction (131)fe_LeasePaymentsonSaleandLeasebackTransaction
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(131)fe_LeasePaymentsonSaleandLeasebackTransaction
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(182)fe_LeasePaymentsonSaleandLeasebackTransaction
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Income from discontinued operations (Note 19) (116)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
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(14)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
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(14)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
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Decrease (increase) in operating assets-      
Receivables 674us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
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(393)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
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135us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
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Materials and supplies (44)us-gaap_IncreaseDecreaseInInventories
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57us-gaap_IncreaseDecreaseInInventories
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(13)us-gaap_IncreaseDecreaseInInventories
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Prepayments and other current assets 14us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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(39)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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(18)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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Increase (decrease) in operating liabilities-      
Accounts payable (477)us-gaap_IncreaseDecreaseInAccountsPayableTrade
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(145)us-gaap_IncreaseDecreaseInAccountsPayableTrade
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240us-gaap_IncreaseDecreaseInAccountsPayableTrade
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Accrued taxes (50)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
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(207)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
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(64)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
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Accrued compensation and benefits (11)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
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2us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
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8us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
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Cash collateral, net (92)us-gaap_IncreaseDecreaseInDepositsOutstanding
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(34)us-gaap_IncreaseDecreaseInDepositsOutstanding
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(33)us-gaap_IncreaseDecreaseInDepositsOutstanding
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Other 54us-gaap_OtherOperatingActivitiesCashFlowStatement
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26us-gaap_OtherOperatingActivitiesCashFlowStatement
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(2)us-gaap_OtherOperatingActivitiesCashFlowStatement
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Net cash provided from operating activities 571us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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78us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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821us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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New financing-      
Long-term debt 878us-gaap_ProceedsFromIssuanceOfLongTermDebt
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0us-gaap_ProceedsFromIssuanceOfLongTermDebt
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650us-gaap_ProceedsFromIssuanceOfLongTermDebt
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Short-term borrowings, net 0us-gaap_ProceedsFromShortTermDebt
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431us-gaap_ProceedsFromShortTermDebt
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3us-gaap_ProceedsFromShortTermDebt
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Equity contribution from parent 500us-gaap_ProceedsFromContributionsFromParent
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1,500us-gaap_ProceedsFromContributionsFromParent
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0us-gaap_ProceedsFromContributionsFromParent
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Redemptions and Repayments-      
Long-term debt (816)us-gaap_RepaymentsOfLongTermDebt
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(1,202)us-gaap_RepaymentsOfLongTermDebt
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(429)us-gaap_RepaymentsOfLongTermDebt
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Short-term borrowings, net (301)us-gaap_RepaymentsOfShortTermDebt
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0us-gaap_RepaymentsOfShortTermDebt
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0us-gaap_RepaymentsOfShortTermDebt
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Tender premiums paid on debt redemptions 0fe_PaymentsofDebtRedemptionTenderPremiums
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(67)fe_PaymentsofDebtRedemptionTenderPremiums
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0fe_PaymentsofDebtRedemptionTenderPremiums
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Other (15)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
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(9)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
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(12)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
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Net cash provided from (used for) financing activities 246us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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653us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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212us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CASH FLOWS FROM INVESTING ACTIVITIES:      
Property additions (839)us-gaap_PaymentsToAcquireProductiveAssets
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(717)us-gaap_PaymentsToAcquireProductiveAssets
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(795)us-gaap_PaymentsToAcquireProductiveAssets
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Nuclear fuel (233)us-gaap_PaymentsForNuclearFuel
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(250)us-gaap_PaymentsForNuclearFuel
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(286)us-gaap_PaymentsForNuclearFuel
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Proceeds from asset sales 307us-gaap_ProceedsFromSaleOfProductiveAssets
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21us-gaap_ProceedsFromSaleOfProductiveAssets
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17us-gaap_ProceedsFromSaleOfProductiveAssets
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Sales of investment securities held in trusts 1,163us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
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940us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
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1,464us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
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Purchases of investment securities held in trusts (1,219)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
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(1,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
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(1,502)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
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Loans to affiliated companies, net 0us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties
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276us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties
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107us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties
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Other 4us-gaap_PaymentsForProceedsFromOtherInvestingActivities
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(2)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
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(42)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
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Net cash used for investing activities (817)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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(732)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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(1,037)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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Net change in cash and cash equivalents 0us-gaap_NetCashProvidedByUsedInContinuingOperations
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(1)us-gaap_NetCashProvidedByUsedInContinuingOperations
/ dei_LegalEntityAxis
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(4)us-gaap_NetCashProvidedByUsedInContinuingOperations
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Cash and cash equivalents at beginning of period 2us-gaap_CashAndCashEquivalentsAtCarryingValue
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3us-gaap_CashAndCashEquivalentsAtCarryingValue
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7us-gaap_CashAndCashEquivalentsAtCarryingValue
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Cash and cash equivalents at end of period 2us-gaap_CashAndCashEquivalentsAtCarryingValue
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2us-gaap_CashAndCashEquivalentsAtCarryingValue
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= fe_FesMember
3us-gaap_CashAndCashEquivalentsAtCarryingValue
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Cash paid (received) during the year-      
Interest (net of amounts capitalized) 118us-gaap_InterestPaidNet
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157us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
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174us-gaap_InterestPaidNet
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Income taxes (received), net of refunds $ (384)us-gaap_IncomeTaxesPaidNet
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= fe_FesMember
$ 23us-gaap_IncomeTaxesPaidNet
/ dei_LegalEntityAxis
= fe_FesMember
$ 72us-gaap_IncomeTaxesPaidNet
/ dei_LegalEntityAxis
= fe_FesMember