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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taxes72
31
25
—
128
Totaloperatingexpenses7,578
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
investees791
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,2013
FES
FG
NG
Eliminations
Consolidated
(Inmillions)
STATEMENTSOFINCOME
REVENUES
$
6,068
$
2,399
$
1,634
$
(3,928
)
$
6,173
OPERATINGEXPENSES:
Fuel
—
1,056
206
—
1,262
Purchasedpowerfromaffiliates
4,148
—
266
(3,928
)
486
Purchasedpowerfromnonaffiliates
2,326
7
—
—
2,333
Otheroperatingexpenses
635
275
529
48
1,487
PensionandOPEBmarktomarketadjustment
(8
)
(37
)
(36
)
—
(81
)
Provisionfordepreciation
6
127
178
(5
)
306
Generaltaxes
80
34
24
—
138
Totaloperatingexpenses
7,187
1,462
1,167
(3,885
)
5,931
OPERATINGINCOME(LOSS)
(1,119
)
937
467
(43
)
242
OTHERINCOME(EXPENSE):
Lossondebtredemptions
(103
)
—
—
—
(103
)
Investmentincome,includingnetincomefromequity
investees
847
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
)
855
468
(825
)
52
INCOMETAXES(BENEFITS)
(506
)
365
135
12
6
INCOMEFROMCONTINUINGOPERATIONS
60
490
333
(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