Allegheny Power 2015 Annual Report Download - page 83



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.