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Summary of Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)
SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)

The following summarizes certain consolidated operating results by quarter for 2017 and 2016.
FirstEnergy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(In millions, except per share amounts)
2017
 
2016
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Revenues
$
3,442

 
$
3,714

 
$
3,309

 
$
3,552

 
$
3,375

 
$
3,917

 
$
3,401

 
$
3,869

Other operating expense
1,195

 
940

 
956

 
1,141

 
1,021

 
950

 
963

 
917

Pension and OPEB mark-to-market adjustment
141

 
—

 
—

 
—

 
147

 
—

 
—

 
—

Provision for depreciation
293

 
289

 
281

 
275

 
339

 
311

 
334

 
329

Impairment of assets and related charges
2,244

 
31

 
131

 
—

 
9,218

 
—

 
1,447

 
—

Operating Income (Loss)
(1,830
)
 
884

 
544

 
574

 
(8,924
)
 
861

 
(975
)
 
776

Income (loss) before income taxes (benefits)
(2,086
)
 
635

 
291

 
331

 
(9,185
)
 
631

 
(1,219
)
 
541

Income taxes (benefits)
413

 
239

 
117

 
126

 
(3,389
)
 
251

 
(130
)
 
213

Net Income (Loss)
(2,499
)
 
396

 
174

 
205

 
(5,796
)
 
380

 
(1,089
)
 
328

Earnings (loss) per share of common stock-(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic - Earnings (losses) Available to FirstEnergy Corp.
(5.62
)
 
0.89

 
0.39

 
0.46

 
(13.44
)
 
0.89

 
(2.56
)
 
0.78

Diluted - Earnings (losses) Available to FirstEnergy Corp.
(5.62
)
 
0.89

 
0.39

 
0.46

 
(13.44
)
 
0.89

 
(2.56
)
 
0.77

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) The sum of quarterly earnings per share information may not equal annual earnings per share due to the issuance of shares throughout the year. See FirstEnergy's Consolidated Statements of Stockholders' Equity and Note 5, "Stock-Based Compensation Plans," for additional information.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(In millions)
2017
 
2016
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Revenues
$
700

 
$
743

 
$
741

 
$
914

 
$
997

 
$
1,100

 
$
1,102

 
$
1,199

Other operating expense
419

 
291

 
286

 
518

 
352

 
316

 
369

 
240

Pension and OPEB mark-to-market adjustment
24

 
—

 
—

 
—

 
48

 
—

 
—

 
—

Provision for depreciation
29

 
28

 
27

 
25

 
86

 
83

 
84

 
83

Impairment of assets and related charges
2,031

 
—

 
—

 
—

 
8,082

 
—

 
540

 
—

Operating Income (Loss)
(2,112
)
 
102

 
61

 
(117
)
 
(8,153
)
 
101

 
(571
)
 
226

Income (loss) from continuing operations before income taxes (benefits)
(2,125
)
 
108

 
42

 
(121
)
 
(8,171
)
 
96

 
(581
)
 
213

Income taxes (benefits)
281

 
32

 
23

 
(41
)
 
(2,983
)
 
56

 
(143
)
 
82

Net Income (Loss)
(2,406
)
 
76

 
19

 
(80
)
 
(5,188
)
 
40

 
(438
)
 
131