XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenues:        
Commodity revenue $ 2,063 $ 1,888 $ 5,199 $ 4,933
Mark-to-market gain (loss) 287 55 (79) 89
Other revenue 5 5 14 14
Operating revenues 2,355 1,948 5,134 5,036
Operating expenses:        
Commodity expense 1,294 943 3,197 2,754
Mark-to-market (gain) loss 178 130 (57) 95
Fuel and purchased energy expense 1,472 1,073 3,140 2,849
Plant operating expense 215 200 741 732
Depreciation and amortization expense 161 166 503 484
Sales, general and other administrative expense 33 33 106 100
Other operating expenses 18 16 55 56
Total operating expenses 1,899 1,488 4,545 4,221
(Income) from unconsolidated investments in power plants (6) (6) (16) (18)
Income from operations 462 466 605 833
Interest expense 158 159 472 471
Interest (income) (1) (1) (3) (3)
Debt modification and extinguishment costs 0 0 15 32
Other (income) expense, net 8 1 21 8
Income before income taxes 297 307 100 325
Income tax expense (benefit) (4) 28 17 32
Net income (loss) 301 279 83 293
Net income attributable to the noncontrolling interest (6) (6) (15) (11)
Net income attributable to Calpine $ 295 $ 273 $ 68 $ 282
Basic earnings per common share attributable to Calpine:        
Weighted average number of shares outstanding, basic 354,215 355,443 353,929 365,053
Earnings per share, basic $ 0.83 $ 0.77 $ 0.19 $ 0.77
Weighted Average Number of Shares Outstanding, Diluted 356,352 357,676 355,980 368,219
Earnings Per Share, Diluted $ 0.83 $ 0.76 $ 0.19 $ 0.77