FirstEnergy Corp. (FE) Financial Statements (2024 and earlier)

Company Profile

Business Address 76 SOUTH MAIN ST
AKRON, OH 44308-1890
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)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1371601,4621,734627367
Cash and cash equivalents1371601,4621,734627367
Restricted cash and investments424649675262
Receivables1,3181,3181,0331,2031,0911,221
Inventory, net of allowances, customer advances and progress billings512421260317281252
Inventory512421260317281252
Disposal group, including discontinued operation     3325
Other current assets293217    
Other undisclosed current assets266253433393360465
Total current assets:2,5682,4153,2373,7142,4442,392
Noncurrent Assets
Property, plant and equipment38,41236,28534,74433,294  
Long-term investments and receivables663622655605  
Long-term investments663622655605  
Accounts and financing receivable, after allowance for credit loss      
Intangible assets, net (including goodwill)5,6185,6185,6185,6185,6185,618
Goodwill5,6185,6185,6185,6185,6185,618
Regulated entity, other noncurrent assets3693371829991
Other noncurrent assets1,1371,1351,1071,1061,039752
Other undisclosed noncurrent assets    45  
Total noncurrent assets:46,19943,69342,19540,7506,7566,461
Other undisclosed assets     33,10131,210
TOTAL ASSETS:48,76746,10845,43244,46442,30140,063
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6582,6972,1862,0981,9701,816
Interest and dividends payable✕✕✕283282249 
Taxes payable✕✕✕647640545533
Employee-related liabilities✕✕✕313349258318
Accounts payable1,3621,503943827918965
Accrued liabilities1,2961,194    
Deferred revenue227223   ✕
Debt2,0254511,6062,3461,3801,753
Securities loaned      39
Other liabilities2413644025601,4251,026
Other undisclosed current liabilities 235223222 87 
Total current liabilities:5,3863,9584,4165,0044,8624,634
Noncurrent Liabilities
Long-term debt and lease obligation, including:22,88517233128655
Capital lease obligations✕✕✕✕✕✕55
Finance lease, liability 1117233145✕
Other undisclosed long-term debt and lease obligation22,874     
Liabilities, other than long-term debt9,58010,3046,6566,9677,94810,775
Asset retirement obligations    159165812
Deferred tax liabilities, net✕✕✕✕✕✕2,502
Deferred income tax liabilities4,5304,202   ✕
Liability, pension and other postretirement and postemployment benefits1,6632,3352,6693,3453,0652,906
Regulatory liability1,2141,8472,1241,8262,3602,498
Disposal group, including discontinued operation, liabilities     691 
Other liabilities2,1731,9201,8631,6371,6672,057
Operating lease, liability     241✕
Other undisclosed noncurrent liabilities  (17)3,4143,0942,61234
Total noncurrent liabilities:32,46510,30410,09310,09210,84610,864
Other undisclosed liabilities  21,20322,24822,13119,61817,751
Total liabilities:37,85135,46536,75737,22735,32633,249
Equity
Equity, attributable to parent, including:10,43710,1668,6757,2376,9756,814
Additional paid in capital10,49411,32210,23810,07610,86811,530
Accumulated other comprehensive income (loss)(17)(14)(15)(5)2041
Retained earnings (accumulated deficit)(97)(1,199)(1,605)(2,888)(3,967)(4,879)
Other undisclosed equity, attributable to parent5757575454122
Equity, attributable to noncontrolling interest479477    
Total equity:10,91610,6438,6757,2376,9756,814
TOTAL LIABILITIES AND EQUITY:48,76746,10845,43244,46442,30140,063

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues12,87012,45911,13210,79011,03511,261
Cost of revenue(5,822)(5,576)(5,478)(4,881)(4,590)(4,609)
Gross profit:7,0486,8835,6545,9096,4456,652
Operating expenses(4,782)(4,973)(3,928)(3,747)(3,935)(4,150)
Operating income:2,2661,9101,7262,1622,5102,502
Nonoperating expense(802)(471)(167)(1,033)(1,393)(990)
Investment income, nonoperating   517432243205
Other nonoperating income164415    
Interest and debt expense(1,124)(1,039)(1,141)(1,065)(1,033)(1,116)
Income from continuing operations before equity method investments, income taxes:3404004186484396
Other undisclosed income from continuing operations before income taxes1,1241,0391,1411,0651,0331,116
Income from continuing operations before income taxes:1,4641,4391,5591,1291,1171,512
Income tax expense(267)(1,000)(320)(126)(213)(490)
Other undisclosed income (loss) from continuing operations (33)    
Income from continuing operations:1,1974061,2391,0039041,022
Income (loss) before gain (loss) on sale of properties:✕✕✕1,2871,062909(229)
Income (loss) from discontinued operations21 48595(1,251)
Other undisclosed net income (loss)(42)33    
Net income (loss):1,1764391,2871,062909(229)
Net loss attributable to noncontrolling interest(74)(33)   (367)
Other undisclosed net income (loss) attributable to parent   (4)1731,944
Net income attributable to parent:1,1024061,2831,0799121,348
Undistributed earnings (loss) allocated to participating securities, basic     (4) 
Other undisclosed net loss available to common stockholders, basic      (367)
Net income available to common stockholders, basic:1,1024061,2831,079908981
Dilutive securities, effect on basic earnings per share     4 
Net income available to common stockholders, diluted:1,1024061,2831,079912981

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,1764391,2871,062909(229)
Other comprehensive income (loss)(3)1(10)(25)(21)(101)
Comprehensive income (loss):1,1734401,2771,037888(330)
Comprehensive loss, net of tax, attributable to noncontrolling interest(74)(33)   (367)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (4)1731,944
Comprehensive income, net of tax, attributable to parent:1,0994071,2731,0548911,247

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.

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