ENERGY FUTURE COMPETITIVE HOLDINGS CO LLC Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1601 BRYAN STREET DALLAS, TX 75201 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 1,400 | 1,843 | 746 | 1,175 | |||
| Cash and cash equivalent | 1,400 | 1,843 | 746 | 1,175 | |||
| Restricted cash and investments | 519 | 2 | |||||
| Receivables | 539 | 835 | 982 | 970 | |||
| Inventory, net of allowances, customer advances and progress billings | 428 | 468 | 399 | 393 | |||
| Inventory | 428 | 468 | 399 | 393 | |||
| Derivative instruments and hedges, assets | 465 | 492 | 784 | 1,463 | |||
| Other current assets | 71 | 59 | 50 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 120 | ||
| Deferred tax assets | 121 | ||||||
| Other undisclosed current assets | (230) | 766 | 509 | ||||
| Total current assets: | 3,422 | 3,469 | 3,848 | 4,630 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 9,349 | 12,288 | 17,649 | 18,556 | |||
| Long-term investments and receivables | 980 | 948 | 838 | 710 | |||
| Due from related parties | 18 | 7 | |||||
| Long-term investments | 962 | 941 | 838 | 710 | |||
| Intangible assets, net (including goodwill) | 1,331 | 3,688 | 5,669 | 6,733 | |||
| Goodwill | 152 | 2,352 | 3,952 | 4,952 | |||
| Intangible assets, net (excluding goodwill) | 1,179 | 1,336 | 1,717 | 1,781 | |||
| Derivative instruments and hedges | 5 | 4 | 586 | ||||
| Regulated entity, other noncurrent assets | 893 | 791 | 654 | ||||
| Restricted cash and investments | 507 | 901 | 947 | ||||
| Other noncurrent assets | 39 | 34 | 790 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 811 | ||
| Defined benefit plan, assets for plan benefits | 1 | 1 | 8 | ||||
| Other undisclosed noncurrent assets | (894) | (792) | (662) | ||||
| Total noncurrent assets: | 12,206 | 17,864 | 24,950 | 28,343 | |||
| TOTAL ASSETS: | 15,628 | 21,333 | 28,798 | 32,973 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 524 | 515 | 402 | 420 | |||
| Interest and dividends payable | 120 | 117 | |||||
| Taxes payable | 10 | 16 | 21 | 31 | |||
| Accounts payable | 394 | 382 | 381 | 389 | |||
| Debt | 1,456 | 5 | 31,854 | 2,232 | |||
| Derivative instruments and hedges, liabilities | 203 | 316 | 1,275 | 894 | |||
| Asset retirement obligation | 66 | 54 | 84 | 84 | |||
| Other liabilities | 274 | 299 | 272 | 255 | |||
| Deferred tax liabilities | 114 | 49 | |||||
| Due to related parties | 119 | 165 | 382 | ||||
| Other undisclosed current liabilities | 184 | 74 | 1,024 | 1,160 | |||
| Total current liabilities: | 2,826 | 1,542 | 35,293 | 5,094 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation, including: | 23 | 85 | 29,928 | ||||
| Capital lease obligations | 2 | 39 | 52 | ||||
| Other undisclosed long-term debt and lease obligation | 21 | 46 | 29,876 | ||||
| Liabilities, other than long-term debt | 1,993 | 3,355 | 5,882 | 8,137 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | 28 | |||
| Asset retirement obligations | 560 | 440 | 452 | ||||
| Deferred tax liabilities, net | 213 | 1,022 | 3,582 | 3,759 | |||
| Liability for uncertainty in income taxes | 74 | 204 | 1,250 | ||||
| Due to related parties | 2 | 5 | |||||
| Other liabilities | 1,780 | 1,699 | 1,654 | 2,643 | |||
| Other undisclosed noncurrent liabilities | 33,776 | 34,825 | (109) | 208 | |||
| Total noncurrent liabilities: | 35,792 | 38,265 | 5,773 | 38,273 | |||
| Total liabilities: | 38,618 | 39,807 | 41,066 | 43,367 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | (33) | (18,474) | (12,269) | (10,506) | |||
| Accumulated other comprehensive loss | (33) | (35) | (36) | (42) | |||
| Accumulated deficit | (18,129) | ||||||
| Other undisclosed equity, attributable to parent | (18,439) | (12,233) | 7,665 | ||||
| Equity, attributable to noncontrolling interest | 1 | 112 | |||||
| Other undisclosed equity | (22,957) | ||||||
| Total equity: | (22,990) | (18,474) | (12,268) | (10,394) | |||
| TOTAL LIABILITIES AND EQUITY: | 15,628 | 21,333 | 28,798 | 32,973 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 5,370 | 5,978 | 5,899 | 5,636 | ||
| Gross profit: | 5,370 | 5,978 | 5,899 | 5,636 | ||
| Operating expenses | (7,103) | (9,433) | (3,993) | (4,254) | ||
| Operating income (loss): | (1,733) | (3,455) | 1,906 | 1,382 | ||
| Nonoperating expense | (76) | (254) | (148) | (129) | ||
| Investment income, nonoperating | 11 | 5 | 46 | |||
| Other nonoperating expense | (76) | (265) | (153) | (175) | ||
| Interest and debt expense | (1,293) | (1,758) | (1,933) | (2,842) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,359) | (3,092) | (2,879) | (2,343) | ||
| Loss from continuing operations before income taxes: | (5,461) | (8,559) | (3,054) | (3,932) | ||
| Income tax benefit | 858 | 2,330 | 737 | 924 | ||
| Loss from continuing operations: | (4,603) | (6,229) | (2,317) | (3,008) | ||
| Loss before gain (loss) on sale of properties: | (4,603) | (6,229) | (2,317) | (3,008) | ||
| Net loss: | (4,603) | (6,229) | (2,317) | (3,008) | ||
| Net income attributable to noncontrolling interest | 107 | |||||
| Net loss available to common stockholders, diluted: | (4,603) | (6,229) | (2,210) | (3,008) | ||
Comprehensive Income ($ in millions)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (4,603) | (6,229) | (2,317) | (3,008) | ||
| Other comprehensive income | 2 | 1 | 6 | 7 | ||
| Comprehensive loss: | (4,601) | (6,228) | (2,311) | (3,001) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 107 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (4,601) | (6,228) | (2,204) | (3,001) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.