XML 72 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income and Comprehensive Income (Unaudited) (Jersey Central Power & Light Company) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Excise and gross receipts tax collections $ 123 $ 137 $ 351 $ 371
Total revenues 2,624 3,041 7,414 7,966
OPERATING EXPENSES:        
Purchased power 1,312 1,349 3,815 3,755
Other operating expenses 856 993 2,582 3,051
Provision for depreciation 282 297 859 809
Amortization of regulatory assets, net 61 122 198 344
General taxes 257 269 761 748
Total operating expenses 3,404 3,662 10,048 10,427
OPERATING INCOME (LOSS) 907 1,057 2,210 1,928
OTHER INCOME (EXPENSE):        
Interest expense (230) (267) (750) (763)
Total other income (expense) (173) (202) (633) (608)
INCOME BEFORE INCOME TAXES 734 855 1,577 1,320
INCOME TAXES (BENEFITS) 309 325 658 550
NET INCOME 425 530 919 770
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 425 530 919 770
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (47) (48) (148) (44)
Other comprehensive income (loss) (46) (72) (134) (38)
Income taxes (benefits) on other comprehensive income (loss) (24) (26) (75) (12)
Other comprehensive income (loss), net of tax (22) (46) (59) (26)
COMPREHENSIVE INCOME 403 484 860 744
JCP&L
       
REVENUES:        
Electric sales 625 762 1,579 1,973
Excise and gross receipts tax collections 11 15 29 39
Total revenues 636 777 1,608 2,012
OPERATING EXPENSES:        
Purchased power 331 429 849 1,127
Other operating expenses 84 126 246 279
Provision for depreciation 33 33 95 87
Amortization of regulatory assets, net 2 (4) 30 118
General taxes 17 20 44 53
Total operating expenses 467 604 1,264 1,664
OPERATING INCOME (LOSS) 169 173 344 348
OTHER INCOME (EXPENSE):        
Miscellaneous income 1 4 3 9
Interest expense (31) (32) (92) (93)
Capitalized interest 0 1 1 2
Total other income (expense) (30) (27) (88) (82)
INCOME BEFORE INCOME TAXES 139 146 256 266
INCOME TAXES (BENEFITS) 62 61 114 113
NET INCOME 77 85 142 153
STATEMENTS OF COMPREHENSIVE INCOME        
NET INCOME 77 85 142 153
OTHER COMPREHENSIVE INCOME (LOSS):        
Pension and OPEB prior service costs (6) (6) (18) (17)
Other comprehensive income (loss) (6) (6) (18) (17)
Income taxes (benefits) on other comprehensive income (loss) (4) (2) (11) (7)
Other comprehensive income (loss), net of tax (2) (4) (7) (10)
COMPREHENSIVE INCOME $ 75 $ 81 $ 135 $ 143