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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues:        
Commodity revenue $ 2,145 $ 1,551 $ 4,208 $ 3,136
Mark-to-market gain (loss) (66) (391) 148 (366)
Other revenue 5 4 9 9
Operating revenues 2,084 1,164 4,365 2,779
Operating expenses:        
Commodity expense 1,513 897 3,046 1,903
Mark-to-market (gain) loss 16 (355) 175 (235)
Fuel and purchased energy expense 1,529 542 3,221 1,668
Plant operating expense 302 271 584 526
Depreciation and amortization expense 186 162 392 342
Sales, general and other administrative expense 40 35 80 73
Other operating expenses 20 17 40 37
Total operating expenses 2,077 1,027 4,317 2,646
Gain on sale of assets, net 0 0 (27) 0
(Income) from unconsolidated subsidiaries (6) (3) (10) (10)
Income from operations 13 140 85 143
Interest expense 154 157 313 314
Debt extinguishment costs 1 15 25 15
Other (income) expense, net 7 6 9 11
Loss before income taxes (149) (38) (262) (197)
Income tax expense (benefit) 63 (14) 2 21
Net income (loss) (212) (24) (264) (218)
Net income attributable to the noncontrolling interest (4) (5) (8) (9)
Net loss attributable to Calpine $ (216) $ (29) $ (272) $ (227)
Basic and diluted loss per common share attributable to Calpine:        
Weighted average number of shares outstanding, basic and diluted 355,358 354,066 355,022 353,784
Loss per share, basic and diluted $ (0.61) $ (0.08) $ (0.77) $ (0.64)