Allegheny Power 2015 Annual Report Download - page 159

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142
SegmentFinancialInformation
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FortheYearsEndedDecember31,
Regulated
Distribution
Regulated
Transmission
Competitive
Energy
Services
Corporate
/Other
Reconciling
AdjustmentsConsolidated
(Inmillions)
2015
Externalrevenues $ 9,625
$ 1,011 $ 4,698 $ (168) $ (140) $ 15,026
Internalrevenues —
— 686 — (686) —
Totalrevenues 9,625
1,011
5,384
(168)
(826) 15,026
Depreciation672
156 394 60 — 1,282
Amortizationofregulatoryassets,net261
7 — — — 268
Impairmentoflonglivedassets 8
— 34 — — 42
Investmentincome(loss)42
— (16) (9) (39) (22)
Impairmentofequitymethodinvestment —
— — 362 — 362
Interestexpense586
161 192 193 — 1,132
Incometaxes(benefits)342
174 50 (262) 11 315
Income(loss)fromcontinuingoperations618
298 89 (427) — 578
Discontinuedoperations,netoftax —
— — — — —
Netincome(loss)618
298 89 (427) — 578
Totalassets27,876
7,439 16,365 507 — 52,187
Totalgoodwill5,092
526 800 — — 6,418
Propertyadditions1,108
952 588 56 — 2,704
2014
Externalrevenues $ 9,102
$ 769 $ 5,470 $ (146) $ (146) $ 15,049
Internalrevenues —
— 819 — (819) —
Totalrevenues 9,102
769
6,289
(146)
(965) 15,049
Depreciation658
127 387 48 — 1,220
Amortizationofregulatoryassets,net 1
11 — — — 12
Impairmentoflonglivedassets —
— — — — —
Investmentincome(loss)56
— 54 2 (40) 72
Impairmentofequitymethodinvestment —
— — — — —
Interestexpense589
131 189 168 (4) 1,073
Incometaxes(benefits)227
121 (223) (178) 11 (42)
Income(loss)fromcontinuingoperations465
223 (417) (58) — 213
Discontinuedoperations,netoftax —
— 86 — — 86
Netincome(loss)465
223 (331) (58) — 299
Totalassets28,085
6,252 16,518 793 — 51,648
Totalgoodwill5,092
526 800 — — 6,418
Propertyadditions972
1,329 939 72 — 3,312
2013
Externalrevenues $ 8,720
$ 731 $ 5,728 $ (121) $ (166) $ 14,892
Internalrevenues —
— 770 — (770) —
Totalrevenues 8,720
731
6,498
(121)
(936) 14,892
Depreciation606
114 439 43 — 1,202
Amortizationofregulatoryassets,net529
10 — — — 539
Impairmentoflonglivedassets322
— 473 — — 795
Investmentincome(loss)57
— 14 6 (44) 33
Impairmentofequitymethodinvestment —
— — — — —
Interestexpense543
93 222 148 10 1,016
Incometaxes(benefits)301
129 (140) (105) 10 195
Income(loss)fromcontinuingoperations501
214 (235) (105) — 375
Discontinuedoperations,netoftax —
— 17 — — 17
Netincome(loss)501
214 (218) (105) — 392
Totalassets27,683
5,247 16,782 712 — 50,424
Totalgoodwill5,092
526 800 — — 6,418
Propertyadditions1,272
461 827 78 — 2,638
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143
19.DISCONTINUEDOPERATIONS
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OnFebruary12,2014,certainofFirstEnergy'ssubsidiariessoldelevenhydroelectricpowerstationstoasubsidiaryofLSPowerfor
approximately$394million(FES$307million).Thecarryingvalueoftheassetssoldwas$235million(FES$122million),including
goodwillof$29million(FES$1million).Pretaxincomeforthehydroelectricfacilitiesof$155millionand$26million(FES$186
millionand$22million)fortheyearsendedDecember31,2014and2013,respectively,wasincludedindiscontinuedoperationsin
theConsolidatedStatementofIncome.IncludedinincomefordiscontinuedoperationsintheyearendedDecember31,2014,wasa
pretaxgainonthesaleofassetsof$142million(FES$177million).Revenuesforthehydroelectricfacilitiesof$5millionand$33
million(FES$5millionand$31million)foryearsendedDecember31,2014and2013,respectively,wereincludedindiscontinued
operationsintheConsolidatedStatementofIncome.