Allegheny Power 2015 Annual Report Download - page 82

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
66
FIRSTENERGYCORP.
CONSOLIDATEDSTATEMENTSOFCOMMONSTOCKHOLDERS'EQUITY
CommonStock
Other
PaidIn
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
(Inmillions,exceptshareamounts)
Numberof
Shares
ParValue
418,216,437
$
42
$
9,769
$
385
$
2,888
Netincome
392
Amortizedlossesonderivativehedges,netof
$1millionofincometaxes
2
Changeinunrealizedgainoninvestments,net
of$4millionofincometaxbenefits
(6

)
PensionandOPEB,netof$63millionofincome
taxbenefits(Note3)
(97

)
Stockbasedcompensation
(4
)
Cashdividendsdeclaredoncommonstock
(690
)

Stockissuanceemployeebenefits
412,122
11
Balance,December31,2013
418,628,559
42
9,776
284
2,590
Netincome
299
Amortizedgainsonderivativehedges,netof
$1millionofincometaxbenefits (1

)
Changeinunrealizedgainoninvestments,net
of$10millionofincometaxes
16
PensionandOPEB,netof$23millionofincome
taxbenefits(Note3)
(53

)
Stockbasedcompensation
20
Cashdividendsdeclaredoncommonstock
(604
)

Stockissuanceemployeebenefits
2,474,011
51
Balance,December31,2014
421,102,570
42
9,847
246
2,285
Netincome
578
Amortizedgainsonderivativehedges,netof
$1millionofincometaxes 4

Changeinunrealizedgainoninvestments,net
of$4millionofincometaxbenefits (7

)
PensionandOPEB,netof$44millionofincome
taxbenefits(Note3)
(72
)
Stockbasedcompensation
45
Cashdividendsdeclaredoncommonstock
(607
)
Stockissuanceemployeebenefits
2,457,827
60
Balance,December31,2015
423,560,397
$
42
$
9,952
$
171
$
2,256
TheaccompanyingCombinedNotestoConsolidatedFinancialStatementsareanintegralpartofthesefinancialstatements.


67
FIRSTENERGYCORP.
CONSOLIDATEDSTATEMENTSOFCASHFLOWS
FortheYearsEndedDecember31,
(Inmillions)201520142013
CASHFLOWSFROMOPERATINGACTIVITIES:
NetIncome $ 578 $ 299 $ 392
Adjustmentstoreconcilenetincometonetcashfromoperatingactivities
Depreciationandamortization,includingnuclearfuel,regulatoryassets,net,andcustomerintangibleamortization1,8361,5632,022
Impairmentsoflonglivedassets42 — 795
Investmentimpairment,includingequitymethodinvestment4643790
PensionandOPEBmarktomarketadjustment242835(256)
Deferredincometaxesandinvestmenttaxcredits,net284162243
Deferredcostsonsaleleasebacktransaction,net484848
Deferredpurchasedpowerandothercosts(105) (115) (76)
Assetremovalcostschargedtoincome552820
Retirementbenefits(20) (53) (168)
Commodityderivativetransactions,net(Note10)(73) 64(3)
Pensiontrustcontributions(143) — —
Gainonsaleofinvestmentsecuritiesheldintrusts(23) (64) (56)
Lossondebtredemptions — 8 132
Makewholepremiumspaidondebtredemptions — — (187)
Leasepaymentsonsaleandleasebacktransaction(131) (137) (136)
Incomefromdiscontinuedoperations(Note19) — (86) (17)
Changesincurrentassetsandliabilities
Receivables184139(114)
Materialsandsupplies(15) (65) 96
Prepaymentsandothercurrentassets(10) 126(126)
Accountspayable(243) 42(25)
Accruedtaxes29(165) 85
Accruedinterest(6) 31(10)
Accruedcompensationandbenefits 5 (22) 19
Othercurrentliabilities7523(62)
Cashcollateral,net140(54) (36)
Other23469(8)
Netcashprovidedfromoperatingactivities3,4472,7132,662
CASHFLOWSFROMFINANCINGACTIVITIES:
NewFinancing
Longtermdebt1,3114,5283,745
Shorttermborrowings,net — — 1,435
RedemptionsandRepayments
Longtermdebt(879) (1,759) (3,600)
Shorttermborrowings,net(91) (1,605) —
Tenderpremiumspaidondebtredemptions — — (110)
Commonstockdividendpayments(607) (604) (920)
Other(13) (47) (73)
Netcash(usedfor)providedfromfinancingactivities(279) 513477
CASHFLOWSFROMINVESTINGACTIVITIES:
Propertyadditions(2,704) (3,312) (2,638)
Nuclearfuel(190) (233) (250)
Proceedsfromassetsales20394 4
Salesofinvestmentsecuritiesheldintrusts1,5342,1332,047
Purchasesofinvestmentsecuritiesheldintrusts(1,648) (2,236) (2,096)
Cashinvestments 7 35(23)
Assetremovalcosts(142) (153) (146)
Other 1 13 9
Netcashusedforinvestingactivities(3,122) (3,359) (3,093)
Netchangeincashandcashequivalents46(133) 46
Cashandcashequivalentsatbeginningofperiod85218172
Cashandcashequivalentsatendofperiod $ 131 $ 85 $ 218
SUPPLEMENTALCASHFLOWINFORMATION:
Cashpaid(received)duringtheyear
Interest(netofamountscapitalized) $ 1,028 $ 931 $ 969
Incometaxes(received),netofrefunds $ 37 $ (103) $ 36
 
TheaccompanyingCombinedNotestoConsolidatedFinancialStatementsareanintegralpartofthesefinancialstatements.