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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenues:        
Commodity revenue $ 1,551 $ 1,407 $ 3,136 $ 3,045
Mark-to-market gain (loss) (391) 31 (366) 34
Other revenue 4 4 9 9
Operating revenues 1,164 1,442 2,779 3,088
Operating expenses:        
Commodity expense 897 734 1,903 1,811
Mark-to-market (gain) loss (355) 32 (235) (35)
Fuel and purchased energy expense 542 766 1,668 1,776
Plant operating expense 271 272 526 532
Depreciation and amortization expense 162 160 342 318
Sales, general and other administrative expense 35 30 73 67
Other operating expenses 17 20 37 40
Total operating expenses 1,027 1,248 2,646 2,733
(Income) from unconsolidated investments in power plants (3) (7) (10) (12)
Income from operations 140 201 143 367
Interest expense 157 158 314 312
Interest (income) (1) (1) (2) (2)
Debt modification and extinguishment costs 15 13 15 32
Other (income) expense, net 7 5 13 7
Income (loss) before income taxes (38) 26 (197) 18
Income tax expense (benefit) (14) 5 21 4
Net income (loss) (24) 21 (218) 14
Net income attributable to the noncontrolling interest (5) (2) (9) (5)
Net income (loss) attributable to Calpine $ (29) $ 19 $ (227) $ 9
Basic earnings (loss) per common share attributable to Calpine:        
Weighted average number of shares outstanding, basic 354,066 366,975 353,784 369,938
Earnings per share, basic $ (0.08) $ 0.05 $ (0.64) $ 0.02
Weighted Average Number of Shares Outstanding, Diluted 354,066 369,946 353,784 373,404
Earnings Per Share, Diluted $ (0.08) $ 0.05 $ (0.64) $ 0.02