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Consolidated Statements of Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenues $ 6,800 $ 6,545 $ 6,463
Operating expenses:      
Fuel and purchased energy expense 4,349 3,974 3,897
Plant operating expense 904 868 868
Depreciation and amortization expense 550 570 456
Sales, general and other administrative expense 131 151 174
Other operating expense 87 100 101
Total operating expenses 6,021 5,663 5,496
Impairment losses 0 116 4
(Gain) on sale of assets, net 0 (119) 0
(Income) loss from unconsolidated investments in power plants (21) (16) (50)
Income from operations 800 901 1,013
Interest expense 760 813 815
Loss on interest rate derivatives 145 223 0
Interest (income) (9) (11) (16)
Debt extinguishment costs 94 91 76
Other (income) expense, net 21 15 13
Income (loss) before income taxes and discontinued operations (211) (230) 125
Income tax expense (benefit) (22) (68) [1] 15
Income (loss) before discontinued operations (189) (162) 110
Discontinued operations, net of tax expense 0 193 35
Net income (loss) (189) 31 145
Net (income) loss attributable to the noncontrolling interest (1) 0 4
Net income (loss) attributable to Calpine $ (190) $ 31 $ 149
Basic earnings (loss) per common share attributable to Calpine:      
Weighted average shares of common stock outstanding (in thousands) 485,381 486,044 485,659
Income (loss) before discontinued operations attributable to Calpine $ (0.39) $ (0.33) $ 0.24
Discontinued operations, net of tax expense, attributable to Calpine $ 0.00 $ 0.39 $ 0.07
Net income (loss) per common share attributable to Calpine — basic $ (0.39) $ 0.06 $ 0.31
Diluted earnings (loss) per common share attributable to Calpine:      
Weighted average shares of common stock outstanding (in thousands) 485,381 487,294 486,319
Income (loss) before discontinued operations attributable to Calpine $ (0.39) $ (0.33) $ 0.24
Discontinued operations, net of tax expense, attributable to Calpine $ 0.00 $ 0.39 $ 0.07
Net income (loss) per common share attributable to Calpine — diluted $ (0.39) $ 0.06 $ 0.31
[1] Includes approximately $13 million in intraperiod tax expense related to a prior period with an offsetting benefit in OCI.