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Discontinued Operations
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Note 16 – Discontinued Operations

On January 1, 2016, DPL closed on the sale of DPLER, its competitive retail business. The sale agreement was signed on December 28, 2015 and DPL received $75.5 million of restricted cash on December 31, 2015 for the sale. This amount is shown as Restricted cash with the associated liability shown as "Deposit received on sale of DPLER" on the Balance Sheet as of December 31, 2015. As the cash received was restricted upon receipt, it is not included within the Statement of Cash Flows. Assets and liabilities related to DPLER have been reclassified to "Assets held for sale" and "Liabilities held for sale" in the December 31, 2015 and 2014 Balance Sheets. We expect to record a gain on this transaction of approximately $56.0 million, net of tax, in the first quarter of 2016. The gain includes the impact of deferred taxes and DPLER’s liability to DP&L that transferred with the sale on January 1, 2016 but was eliminated in consolidation at December 31, 2015 and 2014. Deferred taxes and intercompany balances were not reclassified to held for sale.

Operating activities related to DPLER have been reclassified to "Discontinued operations" in the Statements of Operations for the years ended December 31, 2015, 2014 and 2013.

The following table summarizes the major categories of assets, liabilities at the dates indicated, and the revenues, cost of revenues, operating expenses and income tax of discontinued operations for the periods indicated:
$ in millions
 
December 31,
 
 
 
 
2015
 
2014
 
 
Accounts receivable, net
 
$
31.0

 
$
64.4

 
 
Property, plant & equipment, net
 
4.6

 
4.9

 
 
Intangible assets, net
 
24.6

 
29.6

 
 
Other assets
 
2.0

 
2.9

 
 
Total assets of the disposal group classified as held for sale in the balance sheets
 
$
62.2

 
$
101.8

 

 
 
 
 
 
 
 
Accounts payable
 
$
0.8

 
$
14.8

 
 
Other liabilities
 
0.8

 
2.5

 
 
Total liabilities of the disposal group classified as held for sale in the balance sheets
 
$
1.6

 
$
17.3

 

 
 
 
 
 
 
 
 
 
Years ended December 31,
 
 
2015
 
2014
 
2013
Revenues
 
$
340.9

 
$
533.6

 
$
511.6

Cost of revenues
 
(307.0
)
 
(493.0
)
 
(466.8
)
Operating expenses
 
(22.5
)
 
(34.0
)
 
(38.8
)
Goodwill impairment
 
—

 
(135.8
)
 
—

Profit / (loss) of discontinued operations before income taxes
 
11.4

 
(129.2
)
 
6.0

Income tax benefit / (expense)
 
(1.0
)
 
2.6

 
2.4

Income / (loss) on discontinued operations
 
$
12.4

 
$
(131.8
)
 
$
3.6



DPLER purchased its power from DP&L during the periods presented. Prior to DPLER being presented as a discontinued operation, this purchased power and DP&L's corresponding wholesale revenue would have been eliminated in consolidation.

Cash flows related to discontinued operations are included in our Consolidated Statements of Cash Flows. Cash flows from operating activities for discontinued operations were $35.8 million, $29.6 million and $(7.7) million for the years ended December 31, 2015, 2014 and 2013, respectively. Cash flows from investing activities for discontinued operations were $0.5 million, $(2.2) million and $(2.0) million for the years ended December 31, 2015, 2014, and 2013, respectively. All cash generated from discontinued operations was paid to DPL through dividends for all years presented.