Allegheny Power 2015 Annual Report Download - page 150

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134
FIRSTENERGYSOLUTIONSCORP.
CONDENSEDCONSOLIDATINGSTATEMENTSOFINCOME(LOSS)ANDCOMPREHENSIVEINCOME(LOSS)
FortheYearEndedDecember31,2014
FES
FG
NG
Eliminations
Consolidated
(Inmillions)
STATEMENTSOFINCOME(LOSS)
REVENUES
$
5,990
$
1,902
$
2,172
$
(3,920
)
$
6,144
OPERATINGEXPENSES:
Fuel
—
1,055
198
—
1,253
Purchasedpowerfromaffiliates
3,920
—
271
(3,920
)
271
Purchasedpowerfromnonaffiliates
2,767
4
—
—
2,771
Otheroperatingexpenses
790
269
527
49
1,635
PensionandOPEBmarktomarketadjustment
19
90
188
—
297
Provisionfordepreciation
10
119
193
(3
)
319
Generaltaxes
72
31
25
—
128
Totaloperatingexpenses
7,578
1,568
1,402
(3,874
)
6,674
OPERATINGINCOME(LOSS)
(1,588
)
334
770
(46
)
(530
)
OTHERINCOME(EXPENSE):
Lossondebtredemptions
(3
)
(1
)
(2
)
—
(6
)
Investmentincome,includingnetincomefromequity
investees
791
8
61
(799
)
61
Miscellaneousincome
2
4
—
—
6
Interestexpense—affiliates
(12
)
(6
)
(4
)
15
(7
)
Interestexpense—other
(53
)
(101
)
(52
)
60
(146
)
Capitalizedinterest
—
4
30
—
34
Totalotherincome(expense)
725
(92
)
33
(724
)
(58
)
INCOME(LOSS)FROMCONTINUINGOPERATIONS
BEFOREINCOMETAXES(BENEFITS)
(863
)
242
803
(770
)
(588
)
INCOMETAXES(BENEFITS)
(619
)
87
298
6
(228
)
INCOME(LOSS)FROMCONTINUINGOPERATIONS
(244
)
155
505
(776
)
(360
)
Discontinuedoperations(netofincometaxesof$70)
—
116
—
—
116
NETINCOME(LOSS)
$
(244
)
$
271
$
505
$
(776
)
$
(244
)
STATEMENTSOFCOMPREHENSIVEINCOME(LOSS)
NETINCOME(LOSS)
$
(244
)
$
271
$
505
$
(776
)
$
(244
)
OTHERCOMPREHENSIVEINCOME(LOSS):
PensionandOPEBpriorservicecosts
(6
)
(5
)
—
5
(6
)
Amortizedgainonderivativehedges
(10
)
—
—
—
(10
)
Changeinunrealizedgainonavailableforsalesecurities
21
—
21
(21
)
21
Othercomprehensiveincome(loss)
5
(5
)
21
(16
)
5
Incometaxes(benefits)onothercomprehensive
income(loss)
2
(2
)
8
(6
)
2
Othercomprehensiveincome(loss),netoftax
3
(3
)
13
(10
)
3
COMPREHENSIVEINCOME(LOSS)
$
(241
)
$
268
$
518
$
(786
)
$
(241
)
135
FIRSTENERGYSOLUTIONSCORP.
CONDENSEDCONSOLIDATINGSTATEMENTSOFINCOMEANDCOMPREHENSIVEINCOME
FortheYearEndedDecember31,2013FESFGNGEliminationsConsolidated
(Inmillions)
STATEMENTSOFINCOME
REVENUES$ 6,068 $ 2,399 $ 1,634 $ (3,928) $ 6,173
OPERATINGEXPENSES:
Fuel — 1,056206 — 1,262
Purchasedpowerfromaffiliates4,148 — 266(3,928) 486
Purchasedpowerfromnonaffiliates2,326 7 — —2,333
Otheroperatingexpenses635275529481,487
PensionandOPEBmarktomarketadjustment(8) (37)(36) —(81)
Provisionfordepreciation 6 127178(5) 306
Generaltaxes803424 —138
Totaloperatingexpenses7,1871,4621,167(3,885) 5,931
OPERATINGINCOME(LOSS)(1,119)937467(43) 242
OTHERINCOME(EXPENSE):
Lossondebtredemptions(103) — — — (103)
Investmentincome,includingnetincomefromequity
investees847 1 25(857) 16
Miscellaneousincome 4 24 — — 28
Interestexpense—affiliates(13) (5) (6) 14(10)
Interestexpense—other(63) (104) (54) 61(160)
Capitalizedinterest 1 2 36 — 39
Totalotherincome(expense)673(82) 1 (782)(190)
INCOME(LOSS)FROMCONTINUINGOPERATIONS
BEFOREINCOMETAXES(BENEFITS)(446) 855468(825) 52
INCOMETAXES(BENEFITS)(506)36513512 6
INCOMEFROMCONTINUINGOPERATIONS60490333(837) 46
Discontinuedoperations(netofincometaxesof$8) — 14 — — 14
NETINCOME$ 60 $ 504 $ 333 $ (837) $ 60
STATEMENTSOFCOMPREHENSIVEINCOME
NETINCOME$ 60 $ 504 $ 333 $ (837) $ 60
OTHERCOMPREHENSIVELOSS:
PensionandOPEBpriorservicecosts(15) (13) — 13(15)
Amortizedgainonderivativehedges(6) — — — (6)
Changeinunrealizedgainonavailableforsalesecurities(8) — (8) 8 (8)
Othercomprehensiveloss(29) (13) (8) 21(29)
Incometaxbenefitsonothercomprehensiveloss(11) (5) (3) 8 (11)
Othercomprehensiveloss,netoftax(18) (8) (5)13(18)
COMPREHENSIVEINCOME$ 42 $ 496 $ 328 $ (824) $ 42