FirstEnergy Corp. (FE) financial statements (2021 and earlier)

Company profile

Business Address 76 SOUTH MAIN ST
AKRON, OH 44308-1890
State of Incorp. OH
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,734627367589199131
Cash and cash equivalents1,734627367589199131
Restricted cash and investments67526214617670
Receivables1,2031,0911,2211,4631,4401,415
Inventory, net of allowances, customer advances and progress billings317281252463564785
Inventory317281252463564785
Prepaid expense    98135
Derivative instruments and hedges, assets   37140157
Disposal group, including discontinued operation 3325   
Other current assets    158167
Other undisclosed current assets393360465410175180
Total current assets:3,7142,4442,3923,1082,9503,040
Noncurrent Assets
Property, plant and equipment33,294     
Long-term investments and receivables605     
Long-term investments605     
Intangible assets, net (including goodwill)5,6185,6185,6185,6185,7386,749
Goodwill5,6185,6185,6185,6185,6186,418
Intangible assets, net (excluding goodwill)    120331
Regulated entity, other noncurrent assets829991401,0141,348
Other noncurrent assets1,1061,0397521,0531,1531,379
Other undisclosed noncurrent assets45   (120)(331)
Total noncurrent assets:40,7506,7566,4616,7117,7859,145
Other undisclosed assets 33,10131,21032,43832,41340,002
TOTAL ASSETS:44,46442,30140,06342,25743,14852,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0981,9701,8161,9341,9861,928
Accounts payable8279189651,0271,0431,075
Employee-related liabilities349258318336363334
Taxes payable640545533571580519
Interest and dividends payable282249    
Debt2,3461,3801,7531,3824,3602,874
Derivative instruments and hedges, liabilities    78106
Securities loaned  393942 
Other liabilities5601,4251,026722660694
Other undisclosed current liabilities 87    
Total current liabilities:5,0044,8624,6344,0777,1265,602
Noncurrent Liabilities
Long-term debt and lease obligation31286556775100
Finance lease, liability3145
Capital lease obligations556775100
Operating lease, liability 241
Liabilities, other than long-term debt6,9677,94810,77512,28710,67013,983
Asset retirement obligations1591658122,5151,4821,410
Deferred tax liabilities, net2,5021,3593,7656,773
Liability, pension and other postretirement and postemployment benefits3,3453,0652,9063,9753,7194,245
Regulatory liability1,8262,3602,4982,720  
Disposal group, including discontinued operation, liabilities 691    
Other liabilities1,6371,6672,0571,7181,7041,555
Other undisclosed noncurrent liabilities3,0942,61234786844888
Total noncurrent liabilities:10,09210,84610,86413,14011,58914,971
Other undisclosed liabilities22,13119,61817,75121,11518,19219,192
Total liabilities:37,22735,32633,24938,33236,90739,765
Stockholders' equity
Stockholders' equity attributable to parent, including:7,2376,9756,8143,8816,24112,421
Additional paid in capital10,07610,86811,53010,00110,5559,952
Accumulated other comprehensive income (loss)(5)2041142174171
Retained earnings (accumulated deficit)(2,888)(3,967)(4,879)(6,262)(4,532)2,256
Other undisclosed stockholders' equity attributable to parent5454122 4442
Stockholders' equity attributable to noncontrolling interest     1
Other undisclosed stockholders' equity   44  
Total stockholders' equity:7,2376,9756,8143,9256,24112,422
TOTAL LIABILITIES AND EQUITY:44,46442,30140,06342,25743,14852,187

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,79011,03511,26114,01714,56215,026
Revenue, net14,01714,56215,026
Cost of revenue(4,881)(4,590)(4,609)(5,533)(6,513)(7,263)
Cost of goods and services sold(369)(497)(538)(4,577)(5,479)(6,173)
Gross profit:5,9096,4456,6528,4848,0497,763
Operating expenses(3,747)(3,935)(4,150)(8,312)(16,311)(5,471)
Operating income (loss):2,1622,5102,502172(8,262)2,292
Nonoperating expense(1,033)(1,393)(990)(1,001)(970)(1,399)
Investment income, nonoperating4322432059884(22)
Interest and debt expense(1,065)(1,033)(1,116)(1,178)(1,157)(1,132)
Income (loss) from continuing operations before equity method investments, income taxes:6484396(2,007)(10,389)(239)
Other undisclosed income from continuing operations before income taxes1,0651,0331,1161,1781,1571,132
Income (loss) from continuing operations before income taxes:1,1291,1171,512(829)(9,232)893
Income tax expense (benefit)(126)(213)(490)(895)3,055(315)
Income (loss) from continuing operations:1,0039041,022(1,724)(6,177)578
Income (loss) from discontinued operations595(1,251)   
Net income (loss):1,062909(229)(1,724)(6,177)578
Net loss attributable to noncontrolling interest  (367)   
Other undisclosed net income attributable to parent1731,944   
Net income (loss) attributable to parent:1,0799121,348(1,724)(6,177)578
Undistributed earnings (loss) allocated to participating securities, basic (4)  
Other undisclosed net loss available to common stockholders, basic  (367)   
Net income (loss) available to common stockholders, basic:1,079908981(1,724)(6,177)578
Dilutive securities, effect on basic earnings per share 4    
Net income (loss) available to common stockholders, diluted:1,079912981(1,724)(6,177)578

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,062909(229)(1,724)(6,177)578
Other comprehensive income (loss)(25)(21)(101)(32)3(75)
Comprehensive income (loss):1,037888(330)(1,756)(6,174)503
Comprehensive loss, net of tax, attributable to noncontrolling interest  (367)   
Other undisclosed comprehensive income, net of tax, attributable to parent1731,944   
Comprehensive income (loss), net of tax, attributable to parent:1,0548911,247(1,756)(6,174)503

Statements sources

The financial statements are based on the company's filings with the 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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