FirstEnergy Corp. (FE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
341 WHITE POND DRIVE AKRON, OH 44320 |
| State of Incorp. | OH |
| 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)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 111 | 137 | 160 | 1,462 | 1,734 | 627 | |||
| Cash and cash equivalent | 111 | 137 | 160 | 1,462 | 1,734 | 627 | |||
| Restricted cash and investments | 43 | 42 | 46 | 49 | 67 | 52 | |||
| Receivables | 1,530 | 1,318 | 1,318 | 1,033 | 1,203 | 1,091 | |||
| Inventory, net of allowances, customer advances and progress billings | 549 | 512 | 421 | 260 | 317 | 281 | |||
| Inventory | 549 | 512 | 421 | 260 | 317 | 281 | |||
| Disposal group, including discontinued operation | 33 | ||||||||
| Other current assets | 240 | 293 | 217 | ||||||
| Other undisclosed current assets | 303 | 266 | 253 | 433 | 393 | 360 | |||
| Total current assets: | 2,776 | 2,568 | 2,415 | 3,237 | 3,714 | 2,444 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 32 | ||||||||
| Operating lease, right-of-use asset | 228 | ||||||||
| Property, plant and equipment | 38,412 | 36,285 | 34,744 | 33,294 | |||||
| Long-term investments and receivables | 652 | 663 | 622 | 655 | 605 | ||||
| Long-term investments | 652 | 663 | 622 | 655 | 605 | ||||
| Intangible assets, net (including goodwill) | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 | |||
| Goodwill | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 | |||
| Regulated entity, other noncurrent assets | 617 | 369 | 33 | 71 | 82 | 99 | |||
| Other noncurrent assets | 1,279 | 1,137 | 1,135 | 1,107 | 1,106 | 1,039 | |||
| Other undisclosed noncurrent assets | 40,842 | 45 | |||||||
| Total noncurrent assets: | 49,268 | 46,199 | 43,693 | 42,195 | 40,750 | 6,756 | |||
| Other undisclosed assets | 33,101 | ||||||||
| TOTAL ASSETS: | 52,044 | 48,767 | 46,108 | 45,432 | 44,464 | 42,301 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,776 | 2,658 | 2,697 | 2,186 | 2,098 | 1,970 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 283 | 282 | 249 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 647 | 640 | 545 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 313 | 349 | 258 | ||
| Accounts payable | 1,575 | 1,362 | 1,503 | 943 | 827 | 918 | |||
| Accrued liabilities | 1,201 | 1,296 | 1,194 | ||||||
| Deferred revenue | 233 | 227 | 223 | ||||||
| Debt | 1,527 | 2,025 | 451 | 1,606 | 2,346 | 1,380 | |||
| Other liabilities | 216 | 241 | 364 | 402 | 560 | 1,425 | |||
| Other undisclosed current liabilities | 245 | 235 | 223 | 222 | 87 | ||||
| Total current liabilities: | 4,997 | 5,386 | 3,958 | 4,416 | 5,004 | 4,862 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 22,496 | 22,885 | 17 | 23 | 31 | 286 | |||
| Finance lease, liability | 9 | 11 | 17 | 23 | 31 | 45 | |||
| Other undisclosed long-term debt and lease obligation | 22,487 | 22,874 | |||||||
| Liabilities, other than long-term debt | 10,831 | 9,580 | 10,304 | 6,656 | 6,967 | 7,948 | |||
| Asset retirement obligations | 159 | 165 | |||||||
| Deferred income tax liabilities | 5,613 | 4,530 | 4,202 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 1,698 | 1,663 | 2,335 | 2,669 | 3,345 | 3,065 | |||
| Regulatory liability | 995 | 1,214 | 1,847 | 2,124 | 1,826 | 2,360 | |||
| Disposal group, including discontinued operation, liabilities | 691 | ||||||||
| Other liabilities | 2,525 | 2,173 | 1,920 | 1,863 | 1,637 | 1,667 | |||
| Operating lease, liability | 241 | ||||||||
| Other undisclosed noncurrent liabilities | (17) | 3,414 | 3,094 | 2,612 | |||||
| Total noncurrent liabilities: | 33,327 | 32,465 | 10,304 | 10,093 | 10,092 | 10,846 | |||
| Other undisclosed liabilities | 21,203 | 22,248 | 22,131 | 19,618 | |||||
| Total liabilities: | 38,324 | 37,851 | 35,465 | 36,757 | 37,227 | 35,326 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 12,455 | 10,437 | 10,166 | 8,675 | 7,237 | 6,975 | |||
| Additional paid in capital | 12,368 | 10,494 | 11,322 | 10,238 | 10,076 | 10,868 | |||
| Accumulated other comprehensive income (loss) | (14) | (17) | (14) | (15) | (5) | 20 | |||
| Retained earnings (accumulated deficit) | 43 | (97) | (1,199) | (1,605) | (2,888) | (3,967) | |||
| Other undisclosed equity, attributable to parent | 58 | 57 | 57 | 57 | 54 | 54 | |||
| Equity, attributable to noncontrolling interest | 1,265 | 479 | 477 | ||||||
| Total equity: | 13,720 | 10,916 | 10,643 | 8,675 | 7,237 | 6,975 | |||
| TOTAL LIABILITIES AND EQUITY: | 52,044 | 48,767 | 46,108 | 45,432 | 44,464 | 42,301 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,472 | 12,870 | 12,459 | 11,132 | 10,790 | 11,035 | ||
| Cost of revenue | (5,698) | (5,822) | (5,576) | (5,478) | (4,881) | (4,590) | ||
| Other cost of operating revenue | (4,159) | |||||||
| Gross profit: | 7,774 | 7,048 | 6,883 | 5,654 | 5,909 | 6,445 | ||
| Operating expenses | (5,399) | (4,782) | (4,973) | (3,928) | (3,747) | (3,935) | ||
| Operating income: | 2,375 | 2,266 | 1,910 | 1,726 | 2,162 | 2,510 | ||
| Nonoperating expense | (871) | (802) | (471) | (167) | (1,033) | (1,393) | ||
| Investment income, nonoperating | 517 | 432 | 243 | |||||
| Other nonoperating income | 189 | 164 | 415 | |||||
| Interest and debt expense | (1,144) | (1,124) | (1,039) | (1,141) | (1,065) | (1,033) | ||
| Income from continuing operations before equity method investments, income taxes: | 360 | 340 | 400 | 418 | 64 | 84 | ||
| Other undisclosed income from continuing operations before income taxes | 1,144 | 1,124 | 1,039 | 1,141 | 1,065 | 1,033 | ||
| Income from continuing operations before income taxes: | 1,504 | 1,464 | 1,439 | 1,559 | 1,129 | 1,117 | ||
| Income tax expense | (377) | (267) | (1,000) | (320) | (126) | (213) | ||
| Other undisclosed loss from continuing operations | (33) | |||||||
| Income from continuing operations: | 1,127 | 1,197 | 406 | 1,239 | 1,003 | 904 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,287 | 1,062 | 909 | |
| Income from discontinued operations | 21 | 48 | 59 | 5 | ||||
| Other undisclosed net income (loss) | (42) | 33 | ||||||
| Net income: | 1,127 | 1,176 | 439 | 1,287 | 1,062 | 909 | ||
| Net loss attributable to noncontrolling interest | (149) | (74) | (33) | |||||
| Other undisclosed net income (loss) attributable to parent | (4) | 17 | 3 | |||||
| Net income attributable to parent: | 978 | 1,102 | 406 | 1,283 | 1,079 | 912 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (4) | |||||||
| Net income available to common stockholders, basic: | 978 | 1,102 | 406 | 1,283 | 1,079 | 908 | ||
| Dilutive securities, effect on basic earnings per share | 4 | |||||||
| Net income available to common stockholders, diluted: | 978 | 1,102 | 406 | 1,283 | 1,079 | 912 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,127 | 1,176 | 439 | 1,287 | 1,062 | 909 | ||
| Other comprehensive income (loss) | 3 | (3) | 1 | (10) | (25) | (21) | ||
| Comprehensive income: | 1,130 | 1,173 | 440 | 1,277 | 1,037 | 888 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (149) | (74) | (33) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (4) | 17 | 3 | |||||
| Comprehensive income, net of tax, attributable to parent: | 981 | 1,099 | 407 | 1,273 | 1,054 | 891 | ||
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.