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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments627367589199131218172
Cash and cash equivalents627367589199131218172
Restricted cash and investments526214617670  
Receivables1,0911,2211,4631,4401,4151,7201,614
Inventory, net of allowances, customer advances and progress billings281252463564785752861
Inventory281252463564785752861
Prepaid expense   98135 ✕
Derivative instruments and hedges, assets  37140157166192
Disposal group, including discontinued operation3325     
Prepaid expense and other current assets✕✕✕✕✕467295
Other current assets   158167 ✕
Other undisclosed current assets360465410175180564634
Total current assets:2,4442,3923,1082,9503,0403,8873,768
Noncurrent Assets
Property, plant and equipment     33,25232,903
Long-term investments and receivables     3,1043,194
Long-term investments     3,1043,194
Intangible assets, net (including goodwill)5,6185,6185,6185,7386,7497,0067,149
Goodwill5,6185,6185,6185,6186,4186,4186,447
Intangible assets, net (excluding goodwill)   120331588702
Regulated entity, other noncurrent assets9991401,0141,3484,0554,579
Other noncurrent assets1,0397521,0531,1531,379 ✕
Prepaid expense and other noncurrent assets✕✕✕✕✕1,6741,719
Assets held-for-sale, long lived✕✕✕✕✕235 
Deferred tax assets, net✕    (6,602)(6,297)
Other undisclosed noncurrent assets   (120)(331)(32,778)(32,706)
Total noncurrent assets:6,7566,4616,7117,7859,1459,94610,541
Other undisclosed assets33,10131,21032,43832,41340,00236,59136,097
TOTAL ASSETS:42,30140,06342,25743,14852,18750,42450,406
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9701,8161,9341,9861,9281,7352,142
Accounts payable9189651,0271,0431,0751,2501,599
Employee-related liabilities258318336363334  
Taxes payable545533571580519485543
Interest and dividends payable249      
Debt1,3801,7531,3824,3602,8744,8193,968
Derivative instruments and hedges, liabilities   78106111126
Securities loaned 393942   
Other liabilities1,4251,0267226606946211,038
Other undisclosed current liabilities87    351331
Total current liabilities:4,8624,6344,0777,1265,6027,6377,605
Noncurrent Liabilities
Long-term debt and lease obligation, including:28655677510015,83115,179
Finance lease, liability45✕✕✕✕✕✕
Capital lease obligations✕556775100154144
Operating lease, liability241✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation     15,67715,035
Liabilities, other than long-term debt7,94810,77512,28710,67013,98313,55313,523
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕2,6893,080
Asset retirement obligations1658122,5151,4821,4101,6781,599
Deferred tax liabilities, net✕2,5021,3593,7656,7736,9686,616
Liability, pension and other postretirement and postemployment benefits3,0652,9063,9753,7194,245✕✕
Regulatory liability2,3602,4982,720  440392
Disposal group, including discontinued operation, liabilities691      
Other liabilities1,6672,0571,7181,7041,5551,7781,836
Other undisclosed noncurrent liabilities2,61234786844888(15,123)(14,173)
Total noncurrent liabilities:10,84610,86413,14011,58914,97114,26114,529
Other undisclosed liabilities19,61817,75121,11518,19219,19215,83115,179
Total liabilities:35,32633,24938,33236,90739,76537,72937,313
Stockholders' equity
Stockholders' equity attributable to parent, including:6,9756,8143,8816,24112,42112,69213,084
Additional paid in capital10,86811,53010,00110,5559,9529,7769,769
Accumulated other comprehensive income2041142174171284385
Retained earnings (accumulated deficit)(3,967)(4,879)(6,262)(4,532)2,2562,5902,888
Other undisclosed stockholders' equity attributable to parent54122 44424242
Stockholders' equity attributable to noncontrolling interest    139
Other undisclosed stockholders' equity  44    
Total stockholders' equity:6,9756,8143,9256,24112,42212,69513,093
TOTAL LIABILITIES AND EQUITY:42,30140,06342,25743,14852,18750,42450,406

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
12/31/2012
Revenues11,03511,26114,01714,56215,02614,91715,303
Revenue, net✕✕14,01714,56215,02614,91715,303
Cost of revenue(4,590)(4,609)(5,533)(6,513)(7,263)(7,170)(7,050)
Cost of goods and services sold(497)(538)(4,577)(5,479)(6,173)(6,459)(6,708)
Gross profit:6,4456,6528,4848,0497,7637,7478,253
Operating expenses(3,935)(4,150)(8,312)(16,311)(5,471)(6,140)(6,077)
Operating income (loss):2,5102,502172(8,262)2,2921,6072,176
Nonoperating expense(1,393)(990)(1,001)(970)(1,399)(1,037)(852)
Investment income, nonoperating2432059884(22)3677
Interest and debt expense(1,033)(1,116)(1,178)(1,157)(1,132)(1,016)(1,001)
Income (loss) from continuing operations before equity method investments, income taxes:84396(2,007)(10,389)(239)(446)323
Other undisclosed income from continuing operations before income taxes1,0331,1161,1781,1571,1321,0161,001
Income (loss) from continuing operations before income taxes:1,1171,512(829)(9,232)8935701,324
Income tax expense (benefit)(213)(490)(895)3,055(315)(195)(553)
Income (loss) from continuing operations:9041,022(1,724)(6,177)578375771
Income (loss) from discontinued operations5(1,251)   17 
Net income (loss):909(229)(1,724)(6,177)578392771
Net loss attributable to noncontrolling interest (367)    (1)
Other undisclosed net income attributable to parent31,944     
Net income (loss) attributable to parent:9121,348(1,724)(6,177)578392770
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:908981(1,724)(6,177)578392770
Dilutive securities, effect on basic earnings per share4      
Net income (loss) available to common stockholders, diluted:912981(1,724)(6,177)578392770

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2013
12/31/2012
Net income (loss):909(229)(1,724)(6,177)578392771
Other comprehensive income (loss)(21)(101)(32)3(75)(101)(41)
Comprehensive income (loss):888(330)(1,756)(6,174)503291730
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (367)    1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31,944    (2)
Comprehensive income (loss), net of tax, attributable to parent:8911,247(1,756)(6,174)503291729

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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