FIRSTENERGY CORP FE Income Statement

Firstenergy corp (FE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Mar'08
REVENUES:
Electric utilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,332	-	2,757	2,373	2,543	2,388	2,940	2,791	3,020	3,469	2,913
Other
-	-	-	-	-	-	-	-	-	-	-	26	42	-	932	937	1,073	1,093	1,251	957	1,097	1,154	1,334	1,240	1,450	1,310	1,506	1,290	1,335	1,209	1,382	1,432	1,450	1,140	1,678	1,470	1,244	1,026	971	766	756	572	468	480	314	435	364
Total revenues(1)
2,709	2,673	2,963	2,516	2,883	2,710	3,064	2,625	2,862	2,539	2,910	2,624	2,855	-487	3,917	3,401	3,869	3,541	4,123	3,465	3,897	3,483	3,888	3,496	4,182	3,630	4,032	3,507	3,723	3,476	4,052	3,755	3,990	-	4,719	4,060	-	-	-	-	-	-	-	-	3,334	3,904	3,277
OPERATING EXPENSES:
Fuel
98	115	122	129	131	134	137	128	139	4	126	163	204	-698	450	438	381	477	482	383	513	569	544	550	617	581	657	628	630	638	636	656	541	597	632	635	453	348	400	350	334	263	302	276	312	356	328
Purchased power
694	737	798	611	781	716	876	697	820	711	774	650	791	318	979	889	1,124	1,112	1,209	989	1,113	990	1,188	1,083	1,455	1,031	1,120	866	946	882	1,063	1,042	1,259	1,119	1,349	1,220	1,186	1,004	1,319	1,063	1,238	1,250	1,313	1,024	1,143	1,306	1,000
Other operating expenses
749	809	758	606	779	770	739	684	940	818	652	675	657	-256	953	964	918	941	842	900	1,057	901	858	1,021	1,182	948	877	886	882	1,160	861	921	818	898	993	1,065	993	602	738	673	701	447	665	612	827	794	799
Provision for depreciation
317	310	304	309	297	293	283	283	277	262	261	254	250	-41	311	334	329	313	328	322	319	316	308	302	294	293	316	300	293	283	272	285	279	253	297	287	225	185	182	190	193	207	188	185	177	168	164
Amortization (deferral) of regulatory assets, net
52	-164	43	37	5	38	67	-107	-148	34	113	78	83	75	98	63	61	-29	110	59	32	-15	35	20	-28	96	312	72	59	109	61	62	75	130	122	90	132	187	176	161	212	114	261	233	411	291	258
General taxes
267	251	257	239	261	247	252	240	254	230	238	230	242	127	265	241	280	231	236	242	269	224	239	228	271	231	242	240	265	223	257	232	272	229	269	242	237	189	206	176	205	166	192	184	211	201	215
Deferral of regulatory assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	45	93	58	-105
Impairment of assets
-	-	-	-	-	0	-	-	-	-	13	-	-	-	0	1,447	-	-	8	16	-	-	-	-	-	-	0	473	-	-	0	0	-	-	-	-	-	-	292	-	-	-	0	-	-	-	-
Total operating expenses
2,177	2,058	2,282	1,931	2,254	2,198	2,354	1,925	2,282	2,046	2,177	2,050	2,227	-1,879	3,056	4,376	3,093	3,305	3,215	2,911	3,303	3,820	3,172	3,204	3,791	3,246	3,524	3,465	3,075	3,529	3,150	3,198	3,244	4,001	3,662	3,539	3,226	2,787	3,313	2,613	2,883	2,912	2,921	2,469	2,988	3,058	2,659
OPERATING INCOME
532	615	681	585	629	512	710	700	580	493	733	574	628	1,392	861	-975	776	236	908	554	594	-337	716	292	391	384	508	42	648	-53	902	557	746	-251	1,057	521	350	386	415	526	416	48	487	802	346	846	618
OTHER INCOME (EXPENSE):
Loss on debt redemptions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1	-7	0	9	-24	-117	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous income, net
100	52	57	80	54	41	49	48	67	9	19	11	14	-31	28	19	28	-8	-28	-3	17	5	16	29	22	25	5	-15	18	14	39	13	11	14	48	31	21	24	46	31	16	-3	191	27	-11	40	17
Pension and OPEB mark-to-market adjustment (Note 5)
-423	-674	-	-	0	-144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
263	260	261	259	253	258	255	355	248	250	262	248	245	110	286	289	288	286	285	282	279	279	275	262	265	245	257	256	258	251	230	274	246	245	267	265	231	217	208	207	213	611	355	206	-194	-192	-179
Capitalized financing costs
18	18	19	16	18	18	16	16	15	13	13	14	12	-24	28	26	25	158	26	-33	-34	207	-28	-32	-29	-44	-21	-23	-15	-18	-18	-19	-17	-91	-17	20	18	-287	41	40	41	35	35	33	28	15	8
Total other expense
-568	-864	-185	-163	-181	-343	-190	-291	-166	-330	-230	-223	-219	-267	-230	-244	-235	-632	-287	-252	-228	-237	-231	-202	-221	-176	-222	-272	-342	-219	-173	-242	-218	353	-202	-214	-192	-150	-121	-136	-156	-191	-129	-146	-177	-137	-154
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS)
-36	-249	496	422	448	169	520	409	414	163	503	351	409	1,125	631	-1,219	541	-396	621	302	366	-574	485	90	170	208	286	-230	306	-272	729	315	528	102	855	307	158	236	294	390	260	-143	358	656	169	709	464
INCOME TAXES (BENEFITS)
-60	-68	107	81	93	-13	121	101	233	1,229	202	132	152	193	251	-130	213	-170	226	115	144	-268	152	26	48	66	77	-62	114	-111	307	127	222	16	325	114	111	98	119	134	111	-246	128	248	54	238	187
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
24	-181	389	341	355	182	399	308	181	-1,066	301	219	257	-	-	-	-	-	-	-	-	-306	333	64	122	142	209	-168	192	-	422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
50	70	2	-29	-35	4	-857	-9	1,188	-1,433	95	-45	-52	-	-	-	-	-	-	-	-	0	0	0	86	0	9	4	4	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME (LOSS)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	142	218	-164	196	-148	425	188	306	99	530	193	47	138	175	256	149	103	230	408	115	471	-
Net Income (Loss) Attributable to Parent
74	-111	391	312	320	138	-458	299	1,369	-2,499	396	174	205	-5,796	380	-1,089	328	-226	395	187	222	-	333	64	208	-	-	-	-	-	425	187	-	98	532	203	52	143	179	265	155	105	234	414	119	471	277
INCOME ALLOCATED TO PREFERRED STOCKHOLDERS (Note 4)
0	0	0	4	5	-8	54	165	156	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	-	1	-2	-10	-5	-5	-4	-9	-6	-2	-4	-6	-4	-	1
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
74	-111	391	308	315	128	-512	134	1,213	-2,499	396	174	205	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share
0.05	-0.33	0.72	0.63	0.66	0.34	0.68	0.30	0.05	-2.40	0.68	0.49	0.58	-	-	-	-	-	-	-	-	-0.73	0.79	0.16	0.29	0.34	0.50	-0.40	0.46	-	1.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
0.09	0.13	0.01	-0.05	-0.07	-0.09	-1.70	-0.02	2.50	-3.22	0.21	-0.10	-0.12	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	0.21	0.00	0.02	0.01	0.01	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic - Net Income Attributable to Common Stockholders (in dollars per share)
0.14	-0.20	0.73	0.58	0.59	0.25	-1.02	0.28	2.55	-5.62	0.89	0.39	0.46	-13.60	0.89	-2.56	0.78	-0.54	0.94	0.44	0.53	-0.74	0.79	0.16	0.50	0.34	0.52	-0.39	0.47	-0.35	1.02	0.45	0.73	0.32	1.27	0.48	0.15	0.47	0.59	0.87	0.51	0.35	0.77	1.36	0.39	1.55	-
Income (Loss) from Continuing Operations, Per Diluted Share
0.05	-0.33	0.72	0.63	0.66	0.34	0.68	0.30	0.05	-2.40	0.68	0.49	0.58	-	-	-	-	-	-	-	-	-0.72	0.79	0.15	0.29	0.34	0.50	-0.40	0.46	-	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
0.09	0.13	0.00	-0.05	-0.07	-0.09	-1.70	-0.02	2.49	-3.22	0.21	-0.10	-0.12	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.20	0.00	0.02	0.01	0.01	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted - Net Income Attributable to Common Stockholders (in dollars per share)
0.14	-0.20	0.72	0.58	0.59	0.25	-1.02	0.28	2.54	-5.62	0.89	0.39	0.46	-13.59	0.89	-2.56	0.77	-0.53	0.93	0.44	0.53	-0.72	0.79	0.15	0.49	0.34	0.52	-0.39	0.47	-0.35	1.01	0.45	0.73	0.31	1.27	0.48	0.15	0.45	0.59	0.87	0.51	0.33	0.77	1.36	0.39	1.54	-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
EARNINGS AVAILABLE TO PARENT
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	276
Weighted Average Number of Shares Outstanding, Basic
541	540	538	532	530	512	503	477	476	445	444	444	443	430	425	425	424	422	423	422	421	421	420	420	419	418	418	418	418	420	417	417	418	418	418	418	342	304	304	304	304	304	304	304	304	304	304
Weighted Average Number of Shares Outstanding, Diluted
543	560	542	533	533	514	505	479	478	441	446	445	444	426	427	425	426	426	424	423	423	422	421	421	420	420	419	418	419	418	419	419	420	421	420	420	343	304	305	305	306	307	306	305	306	307	307
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share
-	-	-	-	-	-	-	-	-	-	0.72	0.00	0.72	-	0.72	0.00	0.72	0.00	0.72	0.00	0.72	0.00	0.72	0.00	0.72	0.00	1.10	0.00	0.55	0.55	1.10	0.00	0.55	0.55	1.10	0.00	0.55	-	1.10	0.00	0.55	-	1.10	0.00	0.55	1.10	-
Excise taxes collected
92	-	100	81	102	-	104	87	102	-	102	91	100	-	111	92	107	-	109	96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	-	120	-	-	-	-	-	-	-	-
Income tax expense (benefit)
-36	-	2	39	5	-	-342	-16	-871	-	37	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution services
Total revenues
2,124	2,069	2,411	1,931	2,309	2,130	2,463	2,049	2,295	1,580	2,334	2,271	2,500	1,295	2,691	2,189	2,510	2,200	2,624	2,239	2,562	1,560	2,554	2,256	2,732	2,320	2,526	2,217	2,388	2,267	2,670	2,323	2,540	1,366	3,041	2,590	3,576	-346	3,728	3,139	3,299	-	3,408	3,271	-	-	-
Transmission
Total revenues
397	420	371	367	352	339	341	336	319	330	337	327	313	268	294	275	286	248	248	269	238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Total revenues
188	-	181	218	222	-	260	240	248	-	239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-