Allegheny Power 2015 Annual Report Download - page 161

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144
20.SUMMARYOFQUARTERLYFINANCIALDATA(UNAUDITED)
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Thefollowingsummarizescertainconsolidatedoperatingresultsbyquarterfor2015and2014.
FirstEnergy
CONSOLIDATEDSTATEMENTSOFINCOME
(Inmillions,exceptpershareamounts)2015 2014
Dec.31 Sept.30 June30 Mar.31 Dec.31 Sept.30 June30 Mar.31
Revenues $ 3,541
$ 4,123 $ 3,465 $ 3,897 $ 3,483 $ 3,888 $ 3,496 $ 4,182
Otheroperatingexpense952
850 916 1,057 901 858 1,021 1,182
PensionandOPEBmarktomarketadjustment242
—
—
—
835
—
—
—
Provisionfordepreciation313
328
322
319
316
308
302
294
OperatingIncome(Loss)236
908
554
594
(337)
716
292
391
Income(loss)fromcontinuingoperations
beforeincometaxes(benefits)(396) 621
302 366 (574) 485 90 170
Incometaxes(benefits)(1)(170)
226
115
144
(268)
152
26
48
Income(loss)fromcontinuingoperations(226)
395
187
222
(306)
333
64
122
Discontinuedoperations(netofincometaxes) —
—
—
—
—
—
—
86
NetIncome(Loss)(226)
395
187
222
(306)
333
64
208
Earnings(loss)pershareofcommonstock(2)
BasicContinuingOperations(0.53) 0.94
0.44 0.53 (0.73) 0.79 0.16 0.29
BasicDiscontinuedOperations(Note19) —
—
—
—
—
—
—
0.21
BasicEarningsAvailabletoFirstEnergy
Corp.(0.53) 0.94
0.44 0.53 (0.73) 0.79 0.16 0.50
DilutedContinuingOperations(0.53)
0.93
0.44
0.53
(0.73)
0.79
0.15
0.29
DilutedDiscontinuedOperations(Note19) —
— — — — — — 0.20
DilutedEarningsAvailabletoFirstEnergy
Corp.(0.53) 0.93
0.44 0.53 (0.73) 0.79 0.15 0.49
(1)Duringthefourthquarterof2014,incometaxbenefitsof$16millionwererecordedthatrelatedtopriorperiods.Theoutofperiod
adjustmentprimarilyrelatedtothecorrectionofamountsincludedintheCompany’staxbasisbalancesheet.Managementdeterminedthat
thisadjustmentwasnotmaterialto2014oranypriorperiod.
(2)Totalquarterlyearningspershareinformationmaynotequalannualearningspershareduetotheissuanceofsharesthroughouttheyear.
SeeFirstEnergy'sConsolidatedStatementsofStockholders'EquityandNote4.StockBasedCompensationforadditionalinformation.
FES
CONSOLIDATEDSTATEMENTSOFINCOME
(Inmillions)20152014
Dec.31 Sept.30 June30 Mar.31 Dec.31 Sept.30 June30 Mar.31
Revenues $ 1,171
$ 1,338
$ 1,119
$ 1,377
$ 1,342
$ 1,521
$ 1,452
$ 1,829
Otheroperatingexpense329
246
353
413
359
356
468
452
PensionandOPEBmarktomarketadjustment57
—
—
—
297
—
—
—
Provisionfordepreciation84
79
81
80
83
83
79
74
OperatingIncome(Loss)25
240 — 12 (321) 90 (151) (148)
Income(loss)fromcontinuingoperations
beforeincometaxes(benefits)(13) 190
(25) (5) (347) 72 (154) (159)
Incometaxes(benefits) 1
70
(4)
(2) (133) 28
(67)
(56)
Income(loss)fromcontinuingoperations(14)
120
(21)
(3) (214) 44
(87)
(103)
Discontinuedoperations(netofincometaxes) —
— — — — — — 116
NetIncome(Loss)(14)
120
(21)
(3) (214) 44
(87)
13
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145
ExecutiveOfficersasofFebruary16,2016
Name
Age
PositionsHeldDuringPastFiveYears
Dates
G.D.Benz
56
SeniorVicePresident,Strategy(B)
2015present
VicePresident,SupplyChain(B)
20122015
L.M.Cavalier
64
ChiefHumanResourcesOfficer(B)
2015present
SeniorVicePresident,HumanResources(B)
*2015
D.M.Chack
65
SeniorVicePresident,MarketingandBranding(B)
2015present
President,OhioOperations(B)
20112015
VicePresident(C)
20112015
RegionalPresident(M)
*2011
M.J.Dowling
51
SeniorVicePresident,ExternalAffairs(B)
2011present
VicePresident,ExternalAffairs(B)
*2011
B.L.Gaines
62
SeniorVicePresident,CorporateServicesandChiefInformationOfficer(B)
2012present
VicePresident,CorporateServicesandChiefInformationOfficer(B)
20112012
VicePresident,SharedServices,AdministrationandChiefInformationOfficer(B)
*2011
C.E.Jones
60
PresidentandChiefExecutiveOfficer(A)(B)
2015present
ChiefExecutiveOfficer(F)
2015present
ExecutiveVicePresident&President,FirstEnergyUtilities(A)(B)
2014
SeniorVicePresident&President,FirstEnergyUtilities(B)
*2013
President(H)(I)
20112015
President(C)(D)(L)
*2015
SeniorVicePresident&President,FirstEnergyUtilities(A)
*2011
J.H.Lash
65
ExecutiveVicePresident&President,FEGeneration(A)(B)
2015present
President,FEGeneration(B)
20112015
President(G)(J)
2011present
ChiefNuclearOfficer(F)
20112012
PresidentandChiefNuclearOfficer(F)
*2011
President,FirstEnergyNuclearOperatingCompany(B)
*2011
C.D.Lasky
53
SeniorVicePresident,HumanResources(B)
2015present
VicePresident,FossilOperations(J)
20142015
VicePresident,FossilOperations&Engineering(J)
2014
VicePresident(G)
20112015
VicePresident,FossilFleetOperations(J)
20112013
VicePresident(J)
*2011
VicePresident,FossilOperations(E)
*2011
J.F.Pearson
61
ExecutiveVicePresidentandChiefFinancialOfficer(A)(B)(C)(D)(E)(F)(G)(H)(I)(J)(L)
2015present
SeniorVicePresidentandChiefFinancialOfficer(A)(B)(C)(D)(E)(F)(G)(H)(I)(J)(L)
20132015
SeniorVicePresidentandTreasurer(A)(B)(C)(D)(E)(F)(G)(H)(I)(J)(L)
2012
VicePresidentandTreasurer(A)(B)(C)(D)(E)(F)(J)(L)
*2012
VicePresidentandTreasurer(G)(H)(I)
20112012
D.R.Schneider
54
President(E)
*present
S.E.Strah
52
SeniorVicePresident&President,FirstEnergyUtilities(B)
2015present
President(C)(D)(H)(I)(L)
2015present
VicePresident,DistributionSupport(B)
20112015
RegionalPresident(K)
*2011
K.J.Taylor
42
VicePresident,ControllerandChiefAccountingOfficer(A)(B)
2013present
VicePresidentandController(C)(D)(E)(F)(G)(H)(I)(J)(L)
2013present
VicePresidentandAssistantController(A)(B)(C)(D)(E)(F)(G)(H)(I)(J)(L)
20122013
AssistantController(A)(B)(C)(D)(L)
*2012
AssistantController(H)(I)
20112012
AssistantController(E)(F)(G)(J)
2012
L.L.Vespoli
56
ExecutiveVicePresident,Markets&ChiefLegalOfficer(A)(B)(C)(D)(E)(F)(G)(H)(I)(J)(L)
2014present
ExecutiveVicePresidentandGeneralCounsel(A)(B)(C)(D)(E)(F)(J)(L)
*2013
ExecutiveVicePresidentandGeneralCounsel(G)(H)(I)
20112013
*IndicatespositionheldatleastsinceJanuary1,2011
(E)DenotesexecutiveofficerofFES
(J)DenotesexecutiveofficerofFG
(A)DenotesexecutiveofficerofFE
(F)DenotesexecutiveofficerofFENOC
(K)DenotesexecutiveofficerofOE
(B)DenotesexecutiveofficerofFESC
(G)DenotesexecutiveofficerofAGC
(L)DenotesexecutiveofficerofATSI
(C)DenotesexecutiveofficerofOE,CEIandTE
(H)DenotesexecutiveofficerofMP,PEandWP
(M)DenotesexecutiveofficerofCEI
(D)DenotesexecutiveofficerofME,PNandPenn
(I)DenotesexecutiveofficerofTrAILandFET
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