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Consolidated Statements of Income (FirstEnergy Corp.) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Regulated Distribution $ 2,521 $ 2,562
Regulated Transmission 275 238
Unregulated businesses 1,073 1,097
Total revenues [1] 3,869 3,897
OPERATING EXPENSES:    
Fuel 381 513
Purchased power 1,124 1,113
Other operating expenses 918 1,057
Provision for depreciation 329 319
Amortization of regulatory assets, net 61 32
General taxes 280 269
Total operating expenses 3,093 3,303
OPERATING INCOME 776 594
OTHER INCOME (EXPENSE):    
Investment income (loss) 28 17
Interest expense (288) (279)
Capitalized financing costs 25 34
Total other income (expense) (235) (228)
INCOME BEFORE INCOME TAXES 541 366
INCOME TAXES (BENEFITS) 213 144
NET INCOME (LOSS) $ 328 $ 222
EARNINGS PER SHARE OF COMMON STOCK:    
Basic - Net Earnings per Basic Share to FirstEnergy Corp., in dollars per share $ 0.78 $ 0.53
Diluted - Net Earnings per Diluted Share Available to FirstEnergy Corp., in dollars per share $ 0.77 $ 0.53
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:    
Basic, in shares 424 421
Diluted, in shares 426 423
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share $ 0.72 $ 0.72
[1] Includes excise tax collections of $107 million and $115 million in the three months ended March 31, 2016 and 2015, respectively.