Allegheny Power 2015 Annual Report Download - page 80

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64
FIRSTENERGYCORP.
CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME
FortheYearsEndedDecember31,
(Inmillions)
2015
2014
2013
NETINCOME
$
578
$
299
$
392
OTHERCOMPREHENSIVEINCOME(LOSS):
PensionandOPEBpriorservicecosts
(116
)
(76
)
(160
)
Amortizedgains(losses)onderivativehedges 5
(2
)
3
Changeinunrealizedgainonavailableforsalesecurities
(11
)
26
(10
)
Othercomprehensiveloss
(122
)
(52
)
(167
)
Incometaxbenefitsonothercomprehensiveloss(47
)
(14
)
(66
)
Othercomprehensiveloss,netoftax
(75
)
(38
)
(101
)
COMPREHENSIVEINCOMEAVAILABLETOFIRSTENERGY
CORP.
$
503
$
261
$
291
TheaccompanyingCombinedNotestoConsolidatedFinancialStatementsareanintegralpartofthesefinancialstatements.
65
FIRSTENERGY CORP.
CONSOLIDATEDBALANCE SHEETS
(In millions, exceptshare amounts)
December 31,
2015
December 31,
2014
ASSETS
CURRENT ASSETS:
Cashandcashequivalents $131 $85
Receivables
Customers, net of allowancefor uncollectibleaccounts of $69in2015and$59in2014 1,415 1,554
Other, net of allowancefor uncollectibleaccounts of $5in2015and2014 180 225
Materialsandsupplies, at averagecost 785 817
Prepaidtaxes 135 128
Derivatives 157 159
Collateral 70 230
Other 167 160
3,040 3,358
PROPERTY, PLANT ANDEQUIPMENT:
Inservice 49,952 47,484
Less—Accumulatedprovisionfor depreciation 15,160 14,150
34,792 33,334
Constructionworkinprogress 2,422 2,449
37,214 35,783
INVESTMENTS:
Nuclear plant decommissioningtrusts 2,282 2,341
Other 506 881
2,788 3,222
DEFERREDCHARGES ANDOTHERASSETS:
Goodwill 6,418 6,418
Regulatoryassets 1,348 1,411
Other 1,379 1,456
9,145 9,285
$52,187 $51,648
LIABILITIES ANDCAPITALIZATION
CURRENT LIABILITIES:
Currentlypayablelongterm debt $1,166 $804
Shortterm borrowings 1,708 1,799
Accounts payable 1,075 1,279
Accruedtaxes 519 490
Accruedcompensationandbenefits 334 329
Derivatives 106 167
Other 694 693
5,602 5,561
CAPITALIZATION:
Commonstockholders’ equity
Commonstock, $0.10par value, authorized490,000,000shares423,560,397and421,102,570
shares outstandingas of December 31, 2015andDecember 31, 2014, respectively 42 42
Other paidin capital 9,952 9,847
Accumulatedother comprehensiveincome 171 246
Retainedearnings 2,256 2,285
Total commonstockholders’ equity 12,421 12,420
Noncontrollinginterest 1 2
Total equity 12,422 12,422
Longterm debt andother longterm obligations 19,192 19,176
31,614 31,598
NONCURRENT LIABILITIES:
Accumulateddeferredincometaxes 6,773 6,539
Retirement benefits 4,245 3,932
Asset retirement obligations 1,410 1,387
Deferredgainonsaleandleasebacktransaction 791 824
Adversepowercontractliability 197 217
Other 1,555 1,590
14,971 14,489
COMMITMENTS, GUARANTEES ANDCONTINGENCIES (Note 15)
$52,187 $51,648
TheaccompanyingCombinedNotes toConsolidatedFinancial Statements areanintegral part of thesefinancial statements.