XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Other Balance Sheet Information
The following table presents the allowance for doubtful accounts included in accounts receivable, net; accumulated depreciation included in property, plant and equipment, net; accumulated amortization included in intangible assets, net and accumulated amortization included in out-of-market contracts, net:
 
March 31, 2018
 
December 31, 2017
 
(In millions)
Accounts receivable allowance for doubtful accounts
$
27

 
$
28

Property, plant and equipment accumulated depreciation
4,679

 
4,465

Intangible assets accumulated amortization
1,393

 
1,818

Out-of-market contracts accumulated amortization
364

 
358
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Funds Deposited by Counterparties
The following table provides a reconciliation of cash and cash equivalents, restricted cash and funds deposited by counterparties reported within the consolidated balance sheet that sum to the total of the same such amounts shown in the statement of cash flows.
 
March 31, 2018
 
December 31, 2017
 
March 31, 2017
 
December 31, 2016
 
(In millions)
Cash and cash equivalents
$
764

 
$
991

 
$
627

 
$
938

Funds deposited by counterparties
241

 
37

 
3

 
2

Restricted cash
407

 
508

 
397

 
446

Cash and cash equivalents, funds deposited by counterparties and restricted cash shown in the statement of cash flows
$
1,412

 
$
1,536

 
$
1,027

 
$
1,386
Schedule of Change in Noncontrolling Interest
Noncontrolling Interest
The following table reflects the changes in NRG's noncontrolling interest balance:
 
(In millions)
Balance as of December 31, 2017
$
2,314

Dividends paid to NRG Yield, Inc. public shareholders
(30
)
Distributions to noncontrolling interest
(19
)
Comprehensive loss attributable to noncontrolling interest
(22
)
Non-cash adjustments to noncontrolling interest
6

Contributions from noncontrolling interest
147

Sale of assets to NRG Yield, Inc.
(4
)
Balance as of March 31, 2018
$
2,392
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest
The following table reflects the changes in the Company's redeemable noncontrolling interest balance:
 
(In millions)
Balance as of December 31, 2017
$
78

Distributions to redeemable noncontrolling interest
(1
)
Contributions from redeemable noncontrolling interest
12

Non-cash adjustments to redeemable noncontrolling interest
7

Comprehensive loss attributable to redeemable noncontrolling interest
(16
)
Balance as of March 31, 2018
$
80
Disaggregation of Revenue from Contracts
The following table represents the Company’s disaggregation of revenue from contracts with customers for the three months ended March 31, 2018, along with the reportable segment for each category:
 
Three months ended March 31, 2018
 
 
 
Generation
 
 
 
 
 
 
 
 
(In millions)
Retail
 
Gulf Coast
 
East/West(a)
 
Subtotal
 
Renewables
 
NRG Yield
 
Eliminations
 
Total
Energy revenue(a)(b)
$
—

 
$
371

 
$
218

 
$
589

 
$
77

 
$
114

 
$
(161
)
 
$
619

Capacity revenue(a)(b)
—

 
67

 
140

 
207

 
—

 
82

 
(1
)
 
288

Retail revenue


 


 


 


 


 


 


 

Mass customers
1,171

 
—

 
—

 
—

 
—

 
—

 
(1
)
 
1,170

Business solutions customers
316

 
—

 
—

 
—

 
—

 
—

 
—

 
316

Total retail revenue
1,487

 
—

 
—

 
—

 
—

 
—

 
(1
)
 
1,486

Mark-to-market for economic hedging activities(c)
(6
)
 
(564
)
 
(10
)
 
(574
)
 
(10
)
 
—

 
484

 
(106
)
Contract amortization
—

 
3

 
—

 
3

 
—

 
(17
)
 
—

 
(14
)
Other revenue(a)(b)
—

 
86

 
16

 
102

 
19

 
46

 
(19
)
 
148

Total operating revenue
1,481

 
(37
)
 
364

 
327

 
86

 
225

 
302

 
2,421

Less: Lease revenue
6

 
—

 
1

 
1

 
64

 
181

 
—

 
252

Less: Derivative revenue
(6
)
 
(188
)
 
80

 
(108
)
 
(10
)
 
—

 
484

 
360

Less: Contract amortization
—

 
3

 
—

 
3

 
—

 
(17
)
 
—

 
(14
)
Total revenue from contracts with customers
$
1,481

 
$
148

 
$
283

 
$
431

 
$
32

 
$
61

 
$
(182
)
 
$
1,823

(a) The following amounts of energy and capacity revenue relate to leases and are accounted for under ASC 840:
 
Retail
 
Gulf Coast
 
East/West
 
Subtotal
 
Renewables
 
NRG Yield
 
Eliminations
 
Total
Energy revenue
—

 
—

 
—

 
—

 
61

 
102

 
—

 
163

Capacity revenue
—

 
—

 
—

 
—

 
—

 
79

 
—

 
79

Other revenue
6

 
—

 
1

 
1

 
3

 
—

 
—

 
10

(b) The following amounts of energy and capacity revenue relate to derivative instruments and are accounted for under ASC 815.
 
Retail
 
Gulf Coast
 
East/West
 
Subtotal
 
Renewables
 
NRG Yield
 
Eliminations
 
Total
Energy revenue
—

 
371

 
61

 
432

 
—

 
—

 
—

 
432

Capacity revenue
—

 
—

 
26

 
26

 
—

 
—

 
—

 
26

Other revenue
—

 
5

 
3

 
8

 
—

 
—

 
—

 
8

(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815.
Contract with Customer, Asset and Liability
The following table reflects the contract assets and liabilities included in the Company’s balance sheet as of March 31, 2018:
 
 
 
(In millions)
 
March 31, 2018
Deferred customer acquisition costs
 
$
85

 
 
 
Accounts receivable, net - Contracts with customers
 
784

Accounts receivable, net - Leases
 
81

Accounts receivable, net - Derivative instruments
 
38

Total accounts receivable, net
 
903

 
 
 
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)
 
292

 
 
 
Deferred revenues
 
63