XML 48 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
The following table summarizes the unaudited quarterly statements of operations for EME. Amounts have been restated to reflect discontinued operations in all periods presented.
(in millions)
First
 
Second
 
Third
 
Fourth
 
2012
 
 
 
 
 
 
 
 
Operating revenues
$
343

 
$
324

 
$
340

 
$
280

 
Operating loss
(48
)
 
(100
)
 
(78
)
 
(102
)
 
Loss from continuing operations
(58
)
 
(75
)
 
(86
)
 
(578
)
 
Income (loss) from operations of discontinued subsidiaries, net of tax
(24
)
 
(29
)
 
(76
)
 
17

 
Net loss
(82
)
 
(104
)
 
(162
)
 
(561
)
 
2011
 
 
 
 
 
 
 
 
Operating revenues
$
435

 
$
400

 
$
437

 
$
381

 
Operating income (loss)
33

 
(44
)
 
30

 
(717
)
 
Income (loss) from continuing operations
(8
)
 
(26
)
 
18

 
(431
)
 
Income (loss) from operations of discontinued subsidiaries, net of tax
(12
)
 
(6
)
 
15

 
(629
)
 
Net income (loss)
(20
)
 
(32
)
 
33

 
(1,060
)
1 
1 
Reflects $704 million pre-tax ($424 million after tax) of asset impairment charges. For more information, see Note 13—Asset Impairments and Other Charges. In addition, the amount reflects a $1,032 million pre-tax ($623 million after tax) impairment charge related to Homer City. For more information, see Note 14—Discontinued Operations.
The following table summarizes the unaudited quarterly statements of operations for Midwest Generation.
(in millions)
First
 
Second
 
Third
 
Fourth
 
2012
 
 
 
 
 
 
 
 
Operating revenues
$
233

 
$
213

 
$
253

 
$
193

 
Operating loss
(33
)
 
(88
)
 
(39
)
 
(1,437
)
1 
Benefit for income taxes
(5
)
 
(27
)
 
(7
)
 
(23
)
 
Net loss
(9
)
 
(42
)
 
(12
)
 
(1,401
)
 
2011
 
 
 
 
 
 
 
 
Operating revenues
$
351

 
$
280

 
$
366

 
$
289

 
Operating income (loss)
62

 
(47
)
 
76

 
(607
)
 
Provision (benefit) for income taxes
32

 
(11
)
 
38

 
(231
)
 
Net income (loss)
48

 
(18
)
 
57

 
(357
)
2 

1 
Reflects a $1.4 billion pre-tax charge for a valuation allowance recorded by Midwest Generation on its note receivable from EME. For more information, see Note 15—Related Party Transactions.
2 
Reflects a $640 million pre-tax ($386 million, after tax) impairment charge. For more information, see Note 13—Asset Impairments and Other Charges.