XML 34 R16.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows (FirstEnergy Solutions Corp.) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (loss) $ (6,177) $ 578 $ 299
Adjustments to reconcile net income (loss) to net cash from operating activities-      
Depreciation and amortization, including nuclear fuel, intangible assets and deferred debt-related costs 1,997 1,922 1,592
Investment impairment, including equity method investments 21 464 37
Pension and OPEB mark-to-market adjustment 147 242 835
Deferred income taxes and investment tax credits, net (3,063) 284 162
Deferred costs on sale leaseback transaction, net 49 48 48
Impairment of assets 10,665 42 0
Pension trust contributions (382) (143) 0
Gain on investment securities held in trusts (50) (23) (64)
Commodity derivative transactions, net (Note 11) 9 (73) 64
Lease payments on sale and leaseback transaction (120) (131) (137)
Income from discontinued operations (Note 20) 0 0 (86)
Changes in current assets and liabilities-      
Receivables (11) 184 139
Materials and supplies 41 (15) (65)
Prepayments and other current assets 27 (10) 126
Accounts payable (37) (243) 42
Accrued taxes 61 29 (165)
Other current liabilities 56 69 54
Cash collateral, net (116) 140 (54)
Other 137 148 48
Net cash provided from operating activities 3,371 3,447 2,713
New financing-      
Long-term debt 1,976 1,311 4,528
Short-term borrowings, net 975 0 0
Redemptions and Repayments-      
Long-term debt (2,331) (879) (1,759)
Short-term borrowings, net 0 (91) (1,605)
Common stock dividend payments (611) (607) (604)
Other (31) (13) (47)
Net cash (used for) provided from financing activities (22) (279) 513
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property additions (2,835) (2,704) (3,312)
Nuclear fuel (232) (190) (233)
Proceeds from asset sales 15 20 394
Sales of investment securities held in trusts 1,678 1,534 2,133
Purchases of investment securities held in trusts (1,789) (1,648) (2,236)
Other 27 8 48
Net cash used for investing activities (3,281) (3,122) (3,359)
Net change in cash and cash equivalents 68 46 (133)
Cash and cash equivalents at beginning of period 131 85 218
Cash and cash equivalents at end of period 199 131 85
Cash paid (received) during the year -      
Interest (net of amounts capitalized) 1,050 1,028 931
Income taxes (received), net of refunds (16) 37 (103)
FES      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (loss) (5,455) 82 (244)
Adjustments to reconcile net income (loss) to net cash from operating activities-      
Depreciation and amortization, including nuclear fuel, intangible assets and deferred debt-related costs 633 579 615
Investment impairment, including equity method investments 19 90 33
Pension and OPEB mark-to-market adjustment 48 57 297
Deferred income taxes and investment tax credits, net (2,920) 119 7
Deferred costs on sale leaseback transaction, net 49 48 48
Impairment of assets 8,622 33 0
Pension trust contributions (138) 0 0
Gain on investment securities held in trusts (48) (24) (61)
Commodity derivative transactions, net (Note 11) 9 (74) 65
Lease payments on sale and leaseback transaction (120) (131) (131)
Income from discontinued operations (Note 20) 0 0 (116)
Changes in current assets and liabilities-      
Receivables 89 277 674
Materials and supplies 26 (25) (44)
Prepayments and other current assets (8) 14 14
Accounts payable (30) (76) (477)
Accrued taxes 76 (26) (50)
Other current liabilities 15 43 (18)
Cash collateral, net (87) 159 (92)
Other 5 6 51
Net cash provided from operating activities 785 1,151 571
New financing-      
Long-term debt 471 341 878
Short-term borrowings, net 101 0 0
Equity contribution from parent 0   500
Redemptions and Repayments-      
Long-term debt (507) (411) (816)
Short-term borrowings, net 0 (126) (301)
Common stock dividend payments 0 (70) 0
Other (8) (6) (15)
Net cash (used for) provided from financing activities 57 (272) 246
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property additions (546) (627) (839)
Nuclear fuel (232) (190) (233)
Proceeds from asset sales 9 13 307
Sales of investment securities held in trusts 717 733 1,163
Purchases of investment securities held in trusts (783) (791) (1,219)
Cash investments 10 (10) 0
Loans to affiliated companies, net (18) (11) 0
Other 1 4 4
Net cash used for investing activities (842) (879) (817)
Net change in cash and cash equivalents 0 0 0
Cash and cash equivalents at beginning of period 2 2 2
Cash and cash equivalents at end of period 2 2 2
Cash paid (received) during the year -      
Interest (net of amounts capitalized) 111 114 118
Income taxes (received), net of refunds $ (193) $ (5) $ (384)