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FIRSTENERGY CP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Regulated independent trasmission1,608.001,613.001,510.001,335.001,307.001,123.001,003.00769.00----
Regulated distribution9,009.008,688.008,720.008,937.008,685.008,685.009,625.009,102.00----
Electric utilities----------------9,451.009,782.00
Unregulated businesses------------4,398.005,178.005,441.005,473.00
Other corporate & intersegment revenues515.00489.00805.00989.00936.00892.00--------
Total revenues11,132.0010,790.0011,035.0011,261.0010,928.0010,700.0015,026.0015,049.0014,892.0015,255.00
Purchased gas--------------------
Fuel and purchased power--------------------
Fuel481.00369.00497.00538.00497.00571.001,855.002,280.002,496.002,471.00
Purchased power2,964.002,701.002,927.003,109.002,926.003,310.004,423.004,716.003,963.004,246.00
Provision for depreciation1,302.001,274.001,220.001,136.001,027.00933.001,282.001,220.001,202.001,119.00
Provision for depreciation and amortization--------------------
Goodwill impairment--------------------
Amortization of regulatory assets269.00(53.00)(79.00)(150.00)308.00297.00172.0012.00539.00(68.00)
General taxes1,073.001,046.001,008.00993.00940.00913.00978.00962.00978.00984.00
Other operating expenses(3,196.00)(3,291.00)(2,952.00)(3,133.00)(2,802.00)(2,579.00)(3,740.00)(3,962.00)(3,593.00)(3,760.00)
Impairment of long-lived assets------------(42.00)--(795.00)--
Impairment of assets----------(43.00)--------
Claim settlement--------------------
Deferral of new regulatory assets--------------------
Pensions and OPEB mark-to-market------------(242.00)(835.00)256.00(609.00)
Deferral of strom costs--------------------
Gain on sale of Yards Creek109.00------------------
DPA penalty(230.00)------------------
Total Operating Expenses9,406.008,628.008,525.008,759.008,500.008,646.0012,734.0013,987.0013,310.0013,121.00
Operating income (loss)1,726.002,162.002,510.002,502.002,428.002,054.002,292.001,062.001,582.002,134.00
Interest expense1,141.001,065.001,033.001,116.001,005.00973.001,132.001,081.001,016.001,001.00
Impairment of equity method investment------------362.00------
Gain on partial sale of Signal Peak--------------------
Subsidiaries’ preferred stock dividends--------------------
Investment income------------(22.00)72.0033.0077.00
Capitalized interest75.0077.0071.0065.00--------103.0090.00
Miscellaneous income517.00432.00243.00205.0053.0044.00--------
Loss on debt redemptions----------------(132.00)--
Capitalized financing costs--------52.0055.00117.00118.00----
Pension and OPEB mark-to-market adjustment382.00(477.00)(674.00)(144.00)(102.00)(102.00)--------
Pre-Tax Income1,559.001,129.001,117.001,512.001,426.001,078.00893.00171.00570.001,300.00
Provision for Income taxes320.00126.00213.00490.001,715.00527.00315.00(42.00)195.00545.00
Investment tax credit amortization(4.00)(14.00)(5.00)(6.00)(6.00)(6.00)(8.00)(10.00)(8.00)(11.00)
Currently payable- Federal2.00(14.00)(16.00)(16.00)14.00(1.00)1.00(132.00)(118.00)(130.00)
Currently payable- State21.0021.0024.0017.0020.009.0030.00(72.00)70.0028.00
Currently payable- Foreign--------------------
Deferred, net- Federal174.00171.00150.00252.001,647.00317.00277.00214.00305.00580.00
Deferred, net- State127.00(38.00)60.00243.0040.00208.0015.00(42.00)(54.00)78.00
Deferred, net- Foreign--------------------
Discontinued operation , net of income tax--------------------
Cumulative effect of accounting change net of income taxes of--------------------
INCOME BEFORE DISCONTINUED OPERATIONS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE1,239.001,003.00904.001,022.00(289.00)551.00578.00213.00375.00755.00
Discontinued operations44.0076.008.00326.00(1,435.00)(6,728.00)--86.0017.0016.00
Income before cumulative effect of a change in accounting principle--------------------
Cumulative effect of accounting changes (net of income taxes (benefit) of--------------------
Consolidated Net Income (Loss)1,283.001,079.00912.001,348.00(1,724.00)(6,177.00)578.00299.00392.00771.00
Noncontrolling interest income (loss)------------------1.00
Redemption premium on subsidiary preferred stock------367.00------------
Income Allocated to Preferred Stockholders----4.00--------------
Net Income (Loss) available to limited partners shareholders1,283.001,079.00908.00981.00(1,724.00)(6,177.00)578.00299.00392.00770.00
Income before discontinued operations and cumulative effect of accounting changes2.271.851.691.33(0.65)1.29--0.510.901.81
EPS (Basic) : Discontinued operations0.080.140.010.66(3.23)(15.78)--0.200.040.04
Cumulative effect of accounting change (net of income taxes)--------------------
NET EARNINGS PER SHARE (BASIC)2.351.991.701.99(3.88)(14.49)1.370.710.941.85
Income before discontinued operations and cumulative effect of accounting changes2.271.851.671.33(0.65)1.29--0.510.901.80
EPS (Diluted) : Discontinued operations0.080.140.010.66(3.23)(15.78)--0.200.040.04
Cumulative effect of accounting change (net of income taxes)--------------------
NET EARNINGS PER SHARE (DILUTED)2.351.991.681.99(3.88)(14.49)1.370.710.941.84
Weighted Average Shares Outstanding (Basic)545.00542.00535.00492.00444.00426.00422.00420.00418.00418.00
Weighted Average Shares Outstanding (Diluted)546.00543.00542.00494.00444.00426.00424.00421.00419.00419.00