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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenues        
Wholesale energy $ 389 $ 561 $ 1,189 $ 1,237
Retail energy 189 243 448 554
Energy-related businesses 119 144 233 248
Total Operating Revenues 697 948 1,870 2,039
Operation        
Fuel and energy purchases 347 382 838 897
Operation and maintenance 277 306 559 528
(Gain) loss on sale (423) 0 (563) 0
Impairments 213 0 213 0
Depreciation 109 87 218 164
Taxes, other than income 11 5 22 8
Energy-related businesses 115 133 224 229
Total Operating Expenses 649 913 1,511 1,826
Operating Income (Loss) 48 35 359 213
Other Income (Expense) - net 6 3 12 10
Interest Expense 60 55 120 91
Income (Loss) Before Income Taxes (6) (17) 251 132
Income Taxes (3) (43) 103 10
Net Income (Loss) $ (3) $ 26 $ 148 $ 122
Earnings Per Share of Common Stock        
Basic (in dollars per share) $ (0.02) $ 0.26 $ 1.15 $ 1.34
Diluted (in dollars per share) $ (0.02) $ 0.26 $ 1.14 $ 1.34
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 128,527 98,354 128,526 90,980
Diluted (in shares) 128,527 98,376 129,475 91,002
Talen Energy Supply        
Operating Revenues        
Wholesale energy $ 389 $ 561 $ 1,189 $ 1,237
Retail energy 189 243 448 554
Energy-related businesses 119 144 233 248
Total Operating Revenues 697 948 1,870 2,039
Operation        
Fuel and energy purchases 347 382 838 897
Operation and maintenance 266 306 548 528
(Gain) loss on sale (423) 0 (563) 0
Impairments 213 0 213 0
Depreciation 109 87 218 164
Taxes, other than income 11 5 22 8
Energy-related businesses 115 133 224 229
Total Operating Expenses 638 913 1,500 1,826
Operating Income (Loss) 59 35 370 213
Other Income (Expense) - net 6 3 12 10
Interest Expense 60 55 120 91
Income (Loss) Before Income Taxes 5 (17) 262 132
Income Taxes 1 (43) 107 10
Net Income (Loss) $ 4 $ 26 $ 155 $ 122