FirstEnergy Corp. (FE) financial statements (2022 and earlier)
Company profile
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021
| 12/31/2020
| 12/31/2019
| 12/31/2018
| 12/31/2017
| 12/31/2016
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | 1,462 | 1,734 | 627 | 367 | 589 | 199 |
|
Cash and cash equivalents | 1,462 | 1,734 | 627 | 367 | 589 | 199 |
|
Restricted cash and investments | 49 | 67 | 52 | 62 | 146 | 176 |
|
Receivables | 1,033 | 1,203 | 1,091 | 1,221 | 1,463 | 1,440 |
|
Inventory, net of allowances, customer advances and progress billings | 260 | 317 | 281 | 252 | 463 | 564 |
|
Inventory | 260 | 317 | 281 | 252 | 463 | 564 |
|
Prepaid expense | | | | | | 98 |
|
Derivative instruments and hedges, assets | | | | | 37 | 140 |
|
Disposal group, including discontinued operation | | | 33 | 25 | | |
|
Other current assets | | | | | | 158 |
|
Other undisclosed current assets | 433 | 393 | 360 | 465 | 410 | 175 |
|
Total current assets: | 3,237 | 3,714 | 2,444 | 2,392 | 3,108 | 2,950 |
|
Noncurrent Assets |
|
Property, plant and equipment | 34,744 | 33,294 | | | | |
|
Long-term investments and receivables | 655 | 605 | | | | |
|
Long-term investments | 655 | 605 | | | | |
|
Intangible assets, net (including goodwill) | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 | 5,738 |
|
Goodwill | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 | 5,618 |
|
Intangible assets, net (excluding goodwill) | | | | | | 120 |
|
Regulated entity, other noncurrent assets | 71 | 82 | 99 | 91 | 40 | 1,014 |
|
Other noncurrent assets | 1,107 | 1,106 | 1,039 | 752 | 1,053 | 1,153 |
|
Other undisclosed noncurrent assets | | 45 | | | | (120) |
|
Total noncurrent assets: | 42,195 | 40,750 | 6,756 | 6,461 | 6,711 | 7,785 |
|
Other undisclosed assets | | | 33,101 | 31,210 | 32,438 | 32,413 |
|
TOTAL ASSETS: | 45,432 | 44,464 | 42,301 | 40,063 | 42,257 | 43,148 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | 2,186 | 2,098 | 1,970 | 1,816 | 1,934 | 1,986 |
|
Accounts payable | 943 | 827 | 918 | 965 | 1,027 | 1,043 |
|
Employee-related liabilities | 313 | 349 | 258 | 318 | 336 | 363 |
|
Taxes payable | 647 | 640 | 545 | 533 | 571 | 580 |
|
Interest and dividends payable | 283 | 282 | 249 | | | |
|
Debt | 1,606 | 2,346 | 1,380 | 1,753 | 1,382 | 4,360 |
|
Derivative instruments and hedges, liabilities | | | | | | 78 |
|
Securities loaned | | | | 39 | 39 | 42 |
|
Other liabilities | 402 | 560 | 1,425 | 1,026 | 722 | 660 |
|
Other undisclosed current liabilities | 222 | | 87 | | | |
|
Total current liabilities: | 4,416 | 5,004 | 4,862 | 4,634 | 4,077 | 7,126 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation | 23 | 31 | 286 | 55 | 67 | 75 |
|
Finance lease, liability | 23 | 31 | 45 | ✕ | ✕ | ✕ |
|
Capital lease obligations | ✕ | ✕ | ✕ | 55 | 67 | 75 |
|
Operating lease, liability | | | 241 | ✕ | ✕ | ✕ |
|
Liabilities, other than long-term debt | 6,656 | 6,967 | 7,948 | 10,775 | 12,287 | 10,670 |
|
Asset retirement obligations | | 159 | 165 | 812 | 2,515 | 1,482 |
|
Deferred tax liabilities, net | ✕ | ✕ | ✕ | 2,502 | 1,359 | 3,765 |
|
Liability, pension and other postretirement and postemployment benefits | 2,669 | 3,345 | 3,065 | 2,906 | 3,975 | 3,719 |
|
Regulatory liability | 2,124 | 1,826 | 2,360 | 2,498 | 2,720 | |
|
Disposal group, including discontinued operation, liabilities | | | 691 | | | |
|
Other liabilities | 1,863 | 1,637 | 1,667 | 2,057 | 1,718 | 1,704 |
|
Other undisclosed noncurrent liabilities | 3,414 | 3,094 | 2,612 | 34 | 786 | 844 |
|
Total noncurrent liabilities: | 10,093 | 10,092 | 10,846 | 10,864 | 13,140 | 11,589 |
|
Other undisclosed liabilities | 22,248 | 22,131 | 19,618 | 17,751 | 21,115 | 18,192 |
|
Total liabilities: | 36,757 | 37,227 | 35,326 | 33,249 | 38,332 | 36,907 |
|
Stockholders' equity |
|
Stockholders' equity attributable to parent, including: | 8,675 | 7,237 | 6,975 | 6,814 | 3,881 | 6,241 |
|
Additional paid in capital | 10,238 | 10,076 | 10,868 | 11,530 | 10,001 | 10,555 |
|
Accumulated other comprehensive income (loss) | (15) | (5) | 20 | 41 | 142 | 174 |
|
Accumulated deficit | (1,605) | (2,888) | (3,967) | (4,879) | (6,262) | (4,532) |
|
Other undisclosed stockholders' equity attributable to parent | 57 | 54 | 54 | 122 | | 44 |
|
Other undisclosed stockholders' equity | | | | | 44 | |
|
Total stockholders' equity: | 8,675 | 7,237 | 6,975 | 6,814 | 3,925 | 6,241 |
|
TOTAL LIABILITIES AND EQUITY: | 45,432 | 44,464 | 42,301 | 40,063 | 42,257 | 43,148 |
Income statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
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.