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Discontinued Operations
 9 Months Ended
Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Discontinued Operations Dispositions

Beckjord Facility – On February 26, 2018, DP&L and its co-owners of the retired Beckjord Facility agreed to transfer their interests in the retired Facility to a third party, including their obligations to remediate the Facility and its site,
and the transfer occurred on that same date. As a result, DPL recognized a loss on the transfer of $11.7 million and made cash expenditures of $14.5 million, inclusive of cash expenditures for the transfer charges. The Beckjord Facility was retired in 2014, and, as such, the income / (loss) from continuing operations before income tax related to the Beckjord Facility was immaterial for the three and nine months ended September 30, 2018, excluding the loss on transfer noted above. Prior to the transfer, the Beckjord Facility was included in the Utility segment.
Discontinued Operations

On December 8, 2017, DPL and AES Ohio Generation completed the sale of their entire undivided interest in the Miami Fort Station and the Zimmer Station. On March 27, 2018, DPL and AES Ohio Generation completed the sale of the Peaker assets to Kimura Power, LLC, and this transaction resulted in a loss on sale of $1.9 million for the nine months ended September 30, 2018. Further, on May 31, 2018, DPL and AES Ohio Generation retired the Stuart Station coal-fired and diesel-fired generating units and the Killen Station coal-fired generating unit and combustion turbine as planned.

Consequently, we determined that the disposal of this group of components, as a whole, represents a strategic shift to exit generation, and, as such, qualifies to be presented as discontinued operations. Therefore, the results of operations, assets and liabilities of this group of components were reported as such in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets for all periods presented.

The following table summarizes the major categories of assets and liabilities at the dates indicated:
$ in millions
 
September 30, 2019
 
December 31, 2018
Accounts receivable, net
 
$
6.8

 
$
4.0

Taxes applicable to subsequent years
 
0.6

 
2.3

Prepayments and other current assets
 
0.9

 
2.4

Intangible assets, net of amortization
 
0.2

 
5.3

Total assets of the disposal group classified as assets of discontinued operations and held-for-sale businesses in the balance sheets
 
$
8.5

 
$
14.0

 
 
 
 
 
Accounts payable
 
$
4.3

 
$
3.9

Accrued taxes
 
2.4

 
3.1

Accrued and other current liabilities
 
3.2

 
5.2

Deferred income taxes (a)
 
(33.2
)
 
(39.8
)
Taxes payable
 
—

 
2.3

Accrued pension and other post-retirement benefits
 
—

 
9.7

Asset retirement obligations
 
70.4

 
90.4

Other non-current liabilities
 
15.2

 
6.6

Total liabilities of the disposal group classified as liabilities of discontinued operations and held-for-sale businesses in the balance sheets
 
$
62.3

 
$
81.4


(a)
Deferred income taxes represent the tax asset position of the discontinued group of components, which were netted with liabilities on DPL prior to classification as discontinued operations.

The following table summarizes the revenues, operating costs, other expenses and income tax of discontinued operations for the periods indicated:
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
$ in millions
 
2019
 
2018
 
2019
 
2018
Revenues
 
$
10.1

 
$
15.6

 
$
41.0

 
$
141.8

Operating costs and other expenses
 
(10.5
)
 
(10.6
)
 
(8.2
)
 
(105.1
)
Income from discontinued operations
 
(0.4
)
 
5.0

 
32.8

 
36.7

Gain / (loss) from disposal of discontinued operations
 
—

 
0.3

 
0.1

 
(1.6
)
Income tax expense from discontinued operations
 
0.1

 
1.0

 
7.1

 
5.9

Net income from discontinued operations
 
$
(0.5
)
 
$
4.3

 
$
25.8

 
$
29.2


Cash flows related to discontinued operations are included in our Condensed Consolidated Statements of Cash Flows. Cash flows from operating activities for discontinued operations were $(0.5) million and $(7.2) million for the three months ended September 30, 2019 and 2018, respectively, and $12.4 million and $37.2 million for the nine months ended September 30, 2019 and 2018, respectively. Cash flows from investing activities for discontinued operations were $233.8 million for the nine months ended September 30, 2018. There were no cash flows from
investing activities for the three and nine months ended September 30, 2019 or for the three months ended September 30, 2018.

AROs of Discontinued Operations
DPL's retired Stuart and Killen generating facilities continue to carry ARO liabilities consisting primarily of river intake and discharge structures, coal unloading facilities, landfills and ash disposal facilities. In the first quarter of 2019, DPL reduced the ARO liability related to the Stuart and Killen ash ponds and landfills by a combined $22.5 million based on updated internal analyses that reduced estimated closure costs associated with these ash ponds and landfills. The remaining ARO liability related to Stuart and Killen is included in the Asset retirement obligations balance in the total liabilities of the disposal group classified as liabilities of discontinued operations and held-for-sale businesses in the balance sheets as of September 30, 2019 above. As these plants are no longer in service, the reduction to the ARO liability was also recorded as a credit to depreciation and amortization expense in the same amount. The credit to depreciation and amortization expense is included in operating costs and other expenses of discontinued operations for the nine months ended September 30, 2019 in the table above.