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Consolidated Statements of Income (Unaudited) (FirstEnergy Corp.) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Electric utilities $ 2,624 $ 3,041 $ 7,414 $ 7,966
Unregulated businesses 1,687 1,678 4,844 4,389
Total revenues 4,311 [1] 4,719 [1] 12,258 [1] 12,355 [1]
OPERATING EXPENSES:        
Fuel 636 632 1,833 1,720
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):        
Investment income 39 48 63 100
Interest expense (230) (267) (750) (763)
Capitalized interest 18 17 54 55
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
Income (loss) attributable to noncontrolling interest 0 (2) 1 (17)
EARNINGS AVAILABLE TO FIRSTENERGY CORP. $ 425 $ 532 $ 918 $ 787
EARNINGS PER SHARE OF COMMON STOCK:        
Basic, in dollars per share $ 1.02 $ 1.27 $ 2.20 $ 2.01
Diluted, in dollars per share $ 1.01 $ 1.27 $ 2.19 $ 2.00
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic, in shares 417 418 418 392
Diluted, in shares 419 420 419 394
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 1.10 $ 1.10 $ 1.65 $ 1.65
[1] Includes excise tax collections of $123 million and $137 million in the three months ended September 30, 2012 and 2011, respectively, and $351 million and $371 million in the nine months ended September 30, 2012 and 2011, respectively.