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Condensed Consolidating Financial Information | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Financial Information | Condensed Consolidating Financial Information As of December 31, 2018, the Company had outstanding $4.4 billion of Senior Notes due 2022 to 2048, as shown in Note 11, Debt and Capital Leases. These Senior Notes are guaranteed by certain of NRG's current and future 100% owned domestic subsidiaries, or guarantor subsidiaries. These guarantees are both joint and several. The non-guarantor subsidiaries include all of NRG's foreign subsidiaries and certain domestic subsidiaries. Unless otherwise noted below, each of the following guarantor subsidiaries fully and unconditionally guaranteed the Senior Notes as of December 31, 2018:
Ace Energy, Inc. | NRG Advisory Services LLC | NRG Norwalk Harbor Operations Inc.
Allied Home Warranty GP LLC | NRG Affiliate Services Inc. | NRG Operating Services, Inc.
Allied Warranty LLC | NRG Arthur Kill Operations Inc. | NRG Oswego Harbor Power Operations Inc.
Arthur Kill Power LLC | NRG Astoria Gas Turbine Operations Inc. | NRG PacGen Inc.
Astoria Gas Turbine Power LLC | NRG Bayou Cove LLC | NRG Portable Power LLC
Bayou Cove Peaking Power, LLC | NRG Business Services LLC | NRG Power Marketing LLC
BidURenergy, Inc. | NRG Cabrillo Power Operations Inc. | NRG Reliability Solutions LLC
Cabrillo Power I LLC | NRG California Peaker Operations LLC | NRG Renter's Protection LLC
Cabrillo Power II LLC | NRG Cedar Bayou Development Company, LLC | NRG Retail LLC
Carbon Management Solutions LLC | NRG Connected Home LLC | NRG Retail Northeast LLC
Cirro Group, Inc. | NRG Connecticut Affiliate Services Inc. | NRG Rockford Acquisition LLC
Cirro Energy Services, Inc. | NRG Construction LLC | NRG Saguaro Operations Inc.
Connecticut Jet Power LLC | NRG Curtailment Solutions, Inc | NRG Security LLC
Cottonwood Development LLC | NRG Development Company Inc. | NRG Services Corporation
Cottonwood Energy Company LP | NRG Devon Operations Inc. | NRG SimplySmart Solutions LLC
Cottonwood Generating Partners I LLC | NRG Dispatch Services LLC | NRG South Central Affiliate Services Inc.
Cottonwood Generating Partners II LLC | NRG Distributed Energy Resources Holdings | NRG South Central Generating LLC
Cottonwood Generating Partners III LLC | NRG Distributed Generation PR LLC | NRG South Central Operations Inc.
Cottonwood Technology Partners LP | NRG Dunkirk Operations Inc. | NRG South Texas LP
Devon Power LLC | NRG El Segundo Operations Inc. | NRG Texas C&I Supply LLC
Dunkirk Power LLC | NRG Energy Efficiency-L LLC | NRG Texas Gregory LLC
Eastern Sierra Energy Company LLC | NRG Energy Labor Services LLC | NRG Texas Holding Inc.
El Segundo Power, LLC | NRG ECOKAP Holdings LLC | NRG Texas LLC
El Segundo Power II LLC | NRG Energy Services Group LLC | NRG Texas Power LLC
Energy Alternatives Wholesale, LLC | NRG Energy Services International Inc. | NRG Warranty Services LLC
Energy Choice Solutions LLC | NRG Energy Services LLC | NRG West Coast LLC
Energy Plus Holdings LLC | NRG Generation Holdings, Inc. | NRG Western Affiliate Services Inc.
Energy Plus Natural Gas LLC | NRG Greenco LLC | O'Brien Cogeneration, Inc. II
Energy Protection Insurance Company | NRG Home & Business Solutions LLC | ONSITE Energy, Inc.
Everything Energy LLC | NRG Home Services LLC | Oswego Harbor Power LLC
Forward Home Security, LLC | NRG Home Solutions LLC | Reliant Energy Northeast LLC
GCP Funding Company, LLC | NRG Home Solutions Product LLC | Reliant Energy Power Supply, LLC
Green Mountain Energy Company | NRG Homer City Services LLC | Reliant Energy Retail Holdings, LLC
Gregory Partners, LLC | NRG Huntley Operations Inc. | Reliant Energy Retail Services, LLC
Gregory Power Partners LLC | NRG HQ DG LLC | RERH Holdings, LLC
Huntley Power LLC | NRG Identity Protect LLC | Saguaro Power LLC
Independence Energy Alliance LLC | NRG Ilion Limited Partnership | Somerset Operations Inc.
Independence Energy Group LLC | NRG Ilion LP LLC | Somerset Power LLC
Independence Energy Natural Gas LLC | NRG International LLC | Texas Genco GP, LLC
Indian River Operations Inc. | NRG Maintenance Services LLC | Texas Genco Holdings, Inc.
Indian River Power LLC | NRG Mextrans Inc. | Texas Genco LP, LLC
Louisiana Generating LLC | NRG MidAtlantic Affiliate Services Inc. | Texas Genco Services, LP
Meriden Gas Turbines LLC | NRG Middletown Operations Inc. | US Retailers LLC
Middletown Power LLC | NRG Montville Operations Inc. | Vienna Operations Inc.
Montville Power LLC | NRG New Roads Holdings LLC | Vienna Power LLC
NEO Corporation | NRG North Central Operations Inc. | WCP (Generation) Holdings LLC
New Genco GP, LLC | NRG Northeast Affiliate Services Inc. | West Coast Power LLC
Norwalk Power LLC |  |
The non-guarantor subsidiaries include all of NRG's foreign subsidiaries and certain domestic subsidiaries. NRG conducts much of its business through and derives much of its income from its subsidiaries. Therefore, the Company's ability to make required payments with respect to its indebtedness and other obligations depends on the financial results and condition of its subsidiaries and NRG's ability to receive funds from its subsidiaries. Except for NRG Bayou Cove, LLC, which is subject to certain restrictions under the Company's Peaker financing agreements, there are no restrictions on the ability of any of the guarantor subsidiaries to transfer funds to NRG. In addition, there may be restrictions for certain non-guarantor subsidiaries. The following condensed consolidating financial information presents the financial information of NRG Energy, Inc., the guarantor subsidiaries and the non-guarantor subsidiaries in accordance with Rule 3-10 under the SEC's Regulation S-X. The financial information may not necessarily be indicative of results of operations or financial position had the guarantor subsidiaries or non-guarantor subsidiaries operated as independent entities. In this presentation, NRG Energy, Inc. consists of parent company operations. Guarantor subsidiaries and non-guarantor subsidiaries of NRG are reported on an equity basis. For companies acquired, the fair values of the assets and liabilities acquired have been presented on a push-down accounting basis. In addition, the condensed parent company financial statements are provided in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of NRG Energy, Inc.'s subsidiaries exceed 25 percent of the consolidated net assets of NRG Energy, Inc. These statements should be read in conjunction with the consolidated statements and notes thereto of NRG Energy, Inc. For a discussion of NRG Energy, Inc.'s long-term debt, see Note 11, Debt and Capital Leases, to the consolidated financial statements. For a discussion of NRG Energy, Inc.'s contingencies, see Note 21, Commitments and Contingencies, to the consolidated financial statements. For a discussion of NRG Energy, Inc.'s guarantees, see Note 25, Guarantees, to the consolidated financial statements. NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2018
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations (a) |  | Consolidated Balance
| (In millions)
Operating Revenues |  |  |  |  |  |  |  |  |
Total operating revenues | $ | 8,119 |  |  | $ | 1,385 |  |  | $ | — |  |  | $ | (26 | ) |  | $ | 9,478 |
Operating Costs and Expenses |  |  |  |  |  |  |  |  |
Cost of operations | 6,147 |  |  | 959 |  |  | 28 |  |  | (26 | ) |  | 7,108 |
Depreciation and amortization | 238 |  |  | 150 |  |  | 33 |  |  | — |  |  | 421 |
Impairment losses | 6 |  |  | 93 |  |  | — |  |  | — |  |  | 99 |
Selling, general and administrative | 462 |  |  | 63 |  |  | 348 |  |  | (74 | ) |  | 799 |
Reorganization costs | 4 |  |  | — |  |  | 86 |  |  | — |  |  | 90 |
Development costs | — |  |  | 1 |  |  | 11 |  |  | (1 | ) |  | 11 |
Total operating costs and expenses | 6,857 |  |  | 1,266 |  |  | 506 |  |  | (101 | ) |  | 8,528 |
Gain on sale of assets | 4 |  |  | 28 |  |  | — |  |  | — |  |  | 32 |
Operating Income/(Loss) | 1,266 |  |  | 147 |  |  | (506 | ) |  | 75 |  |  | 982 |
Other Income/(Expense) |  |  |  |  |  |  |  |  |
Equity in earnings of consolidated subsidiaries | 23 |  |  | — |  |  | 1,291 |  |  | (1,314 | ) |  | — |
Equity in earnings/(losses) of unconsolidated affiliates | — |  |  | 10 |  |  | (1 | ) |  | — |  |  | 9 |
Impairment losses on investments | — |  |  | (15 | ) |  | — |  |  | — |  |  | (15 | )
Other income/(expense), net | 32 |  |  | (13 | ) |  | (1 | ) |  | — |  |  | 18 |
Loss on debt extinguishment, net | — |  |  | — |  |  | (44 | ) |  | — |  |  | (44 | )
Interest expense | (14 | ) |  | (49 | ) |  | (420 | ) |  | — |  |  | (483 | )
Total other income/(expense) | 41 |  |  | (67 | ) |  | 825 |  |  | (1,314 | ) |  | (515 | )
Income from Continuing Operations Before Income Taxes | 1,307 |  |  | 80 |  |  | 319 |  |  | (1,239 | ) |  | 467 |
Income tax expense/(benefit) | 372 |  |  | 19 |  |  | (384 | ) |  | — |  |  | 7 |
Income from Continuing Operations | 935 |  |  | 61 |  |  | 703 |  |  | (1,239 | ) |  | 460 |
Income/(Loss) from Discontinued Operations, net of income tax | 62 |  |  | 75 |  |  | (329 | ) |  | — |  |  | (192 | )
Net Income | 997 |  |  | 136 |  |  | 374 |  |  | (1,239 | ) |  | 268 |
Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | — |  |  | (181 | ) |  | 106 |  |  | 75 |  |  | — |
Net Income Attributable to NRG Energy, Inc. | $ | 997 |  |  | $ | 317 |  |  | $ | 268 |  |  | $ | (1,314 | ) |  | $ | 268 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2018
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated Balance
| (In millions)
Net Income | $ | 997 |  |  | $ | 136 |  |  | $ | 374 |  |  | $ | (1,239 | ) |  | $ | 268 |
Other Comprehensive Income, net of tax |  |  |  |  |  |  |  |  |
Unrealized gain on derivatives, net | — |  |  | 29 |  |  | 9 |  |  | (15 | ) |  | 23 |
Foreign currency translation adjustments, net | (10 | ) |  | (10 | ) |  | (13 | ) |  | 22 |  |  | (11 | )
Available-for-sale securities, net | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Defined benefit plan, net | (9 | ) |  | — |  |  | (35 | ) |  | 9 |  |  | (35 | )
Other comprehensive (loss)/income | (19 | ) |  | 19 |  |  | (38 | ) |  | 16 |  |  | (22 | )
Comprehensive Income | 978 |  |  | 155 |  |  | 336 |  |  | (1,223 | ) |  | 246 |
Less: Comprehensive (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | — |  |  | (166 | ) |  | 104 |  |  | 76 |  |  | 14 |
Comprehensive Income Attributable to NRG Energy, Inc. | $ | 978 |  |  | $ | 321 |  |  | $ | 232 |  |  | $ | (1,299 | ) |  | $ | 232 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2018
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. |  | Eliminations (a) |  | Consolidated Balance
| (In millions)
ASSETS |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 55 |  |  | $ | 28 |  |  | $ | 480 |  |  | $ | — |  |  | $ | 563 |
Funds deposited by counterparties | 33 |  |  | — |  |  | — |  |  | — |  |  | 33 |
Restricted cash | 7 |  |  | 10 |  |  | — |  |  | — |  |  | 17 |
Accounts receivable - trade | 894 |  |  | 82 |  |  | 43 |  |  | — |  |  | 1,019 |
Inventory | 278 |  |  | 134 |  |  | — |  |  | — |  |  | 412 |
Derivative instruments | 779 |  |  | 50 |  |  | 16 |  |  | (81 | ) |  | 764 |
Cash collateral posted in support of energy risk management activities | 275 |  |  | 12 |  |  | — |  |  | — |  |  | 287 |
Accounts receivable - affiliate | 460 |  |  | 33 |  |  | 266 |  |  | (754 | ) |  | 5 |
Prepayments and other current assets | 180 |  |  | 32 |  |  | 90 |  |  | — |  |  | 302 |
Current assets - held-for-sale | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Current assets - discontinued operations | 177 |  |  | 20 |  |  | — |  |  | — |  |  | 197 |
Total current assets | 3,138 |  |  | 402 |  |  | 895 |  |  | (835 | ) |  | 3,600 |
Property, plant and equipment, net | 1,938 |  |  | 957 |  |  | 153 |  |  | — |  |  | 3,048 |
Other Assets |  |  |  |  |  |  |  |  |
Investment in subsidiaries | 446 |  |  | — |  |  | 4,707 |  |  | (5,153 | ) |  | — |
Equity investments in affiliates | — |  |  | 412 |  |  | — |  |  | — |  |  | 412 |
Goodwill | 359 |  |  | 214 |  |  | — |  |  | — |  |  | 573 |
Intangible assets, net | 422 |  |  | 169 |  |  | — |  |  | — |  |  | 591 |
Nuclear decommissioning trust fund | 663 |  |  | — |  |  | — |  |  | — |  |  | 663 |
Derivative instruments | 296 |  |  | 4 |  |  | 22 |  |  | (5 | ) |  | 317 |
Deferred income taxes | 6 |  |  | (143 | ) |  | 183 |  |  | — |  |  | 46 |
Other non-current assets | 133 |  |  | 71 |  |  | 97 |  |  | (12 | ) |  | 289 |
Non-current assets - held-for-sale | — |  |  | 77 |  |  | — |  |  | — |  |  | 77 |
Non-current assets - discontinued operations | 405 |  |  | 607 |  |  | — |  |  | — |  |  | 1,012 |
Total other assets | 2,730 |  |  | 1,411 |  |  | 5,009 |  |  | (5,170 | ) |  | 3,980 |
Total Assets | $ | 7,806 |  |  | $ | 2,770 |  |  | $ | 6,057 |  |  | $ | (6,005 | ) |  | $ | 10,628 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt and capital leases | $ | — |  |  | $ | 55 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 72 |
Accounts payable | 693 |  |  | 64 |  |  | 105 |  |  | — |  |  | 862 |
Accounts payable - affiliate | 675 |  |  | (249 | ) |  | 329 |  |  | (754 | ) |  | 1 |
Derivative instruments | 713 |  |  | 41 |  |  | — |  |  | (81 | ) |  | 673 |
Cash collateral received in support of energy risk management activities | 33 |  |  | — |  |  | — |  |  | — |  |  | 33 |
Accrued expenses and other current liabilities | 291 |  |  | 36 |  |  | 353 |  |  | — |  |  | 680 |
Current liabilities - held-for-sale | — |  |  | 5 |  |  | — |  |  | — |  |  | 5 |
Current liabilities - discontinued operations | 24 |  |  | 48 |  |  | — |  |  | — |  |  | 72 |
Total current liabilities | 2,429 |  |  | — |  |  | 804 |  |  | (835 | ) |  | 2,398 |
Other Liabilities |  |  |  |  |  |  |  |  |
Long-term debt and capital leases | 244 |  |  | 192 |  |  | 6,025 |  |  | (12 | ) |  | 6,449 |
Nuclear decommissioning reserve | 282 |  |  | — |  |  | — |  |  | — |  |  | 282 |
Nuclear decommissioning trust liability | 371 |  |  | — |  |  | — |  |  | — |  |  | 371 |
Postretirement and other benefit obligations | 114 |  |  | 1 |  |  | 320 |  |  | — |  |  | 435 |
Derivative instruments | 306 |  |  | 3 |  |  | — |  |  | (5 | ) |  | 304 |
Deferred income taxes | 112 |  |  | 61 |  |  | (108 | ) |  | — |  |  | 65 |
Out-of-market contracts, net | — |  |  | 121 |  |  | — |  |  | — |  |  | 121 |
Other non-current liabilities | 288 |  |  | 198 |  |  | 232 |  |  | — |  |  | 718 |
Non-current liabilities - held-for-sale | — |  |  | 65 |  |  | — |  |  | — |  |  | 65 |
Non-current liabilities - discontinued operations | 58 |  |  | 577 |  |  | — |  |  | — |  |  | 635 |
Total non-current liabilities | 1,775 |  |  | 1,218 |  |  | 6,469 |  |  | (17 | ) |  | 9,445 |
Total Liabilities | 4,204 |  |  | 1,218 |  |  | 7,273 |  |  | (852 | ) |  | 11,843 |
Redeemable noncontrolling interest in subsidiaries | — |  |  | 19 |  |  | — |  |  | — |  |  | 19 |
Stockholders' Equity | 3,602 |  |  | 1,533 |  |  | (1,216 | ) |  | (5,153 | ) |  | (1,234 | )
Total Liabilities and Stockholders' Equity | $ | 7,806 |  |  | $ | 2,770 |  |  | $ | 6,057 |  |  | $ | (6,005 | ) |  | $ | 10,628 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2018
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated Balance
| (In millions)
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net income | $ | 997 |  |  | $ | 136 |  |  | $ | 374 |  |  | $ | (1,239 | ) |  | $ | 268 |
Income/(loss) from discontinued operations | 62 |  |  | 75 |  |  | (329 | ) |  | — |  |  | (192 | )
Net income from continuing operations | 935 |  |  | 61 |  |  | 703 |  |  | (1,239 | ) |  | 460 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Distributions and equity in earnings of unconsolidated affiliates | — |  |  | 47 |  |  | (1 | ) |  | — |  |  | 46 |
Depreciation, amortization and accretion | 266 |  |  | 160 |  |  | 33 |  |  | — |  |  | 459 |
Provision for bad debts | 79 |  |  | 6 |  |  | — |  |  | — |  |  | 85 |
Amortization of nuclear fuel | 48 |  |  | — |  |  | — |  |  | — |  |  | 48 |
Amortization of financing costs and debt discount/premiums | — |  |  | 6 |  |  | 23 |  |  | — |  |  | 29 |
Adjustment for debt extinguishment | — |  |  | — |  |  | 44 |  |  | — |  |  | 44 |
Amortization of intangibles and out-of-market contracts | 36 |  |  | 9 |  |  | — |  |  | — |  |  | 45 |
Amortization of unearned equity compensation | — |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
Net (gain)/loss on sale of assets and equity/cost method investments | (30 | ) |  | (20 | ) |  | 1 |  |  | — |  |  | (49 | )
Impairment losses | 5 |  |  | 109 |  |  | — |  |  | — |  |  | 114 |
Changes in derivative instruments | 25 |  |  | 15 |  |  | 11 |  |  | (14 | ) |  | 37 |
Changes in deferred income taxes and liability for uncertain tax benefits | 372 |  |  | 5 |  |  | (372 | ) |  | — |  |  | 5 |
Changes in collateral deposits in support of energy risk management activities | (94 | ) |  | (11 | ) |  | — |  |  | — |  |  | (105 | )
Changes in nuclear decommissioning trust liability | 60 |  |  | — |  |  | — |  |  | — |  |  | 60 |
GenOn settlement, net of insurance proceeds | — |  |  | — |  |  | (63 | ) |  | — |  |  | (63 | )
Net loss on deconsolidation of Agua Caliente and Ivanpah projects | — |  |  | 13 |  |  | — |  |  | — |  |  | 13 |
Changes in other working capital | 311 |  |  | (193 | ) |  | (1,621 | ) |  | 1,253 |  |  | (250 | )
Cash provided/(used) by continuing operations | 2,013 |  |  | 207 |  |  | (1,217 | ) |  | — |  |  | 1,003 |
Cash provided by discontinued operations | 89 |  |  | 285 |  |  | — |  |  | — |  |  | 374 |
Net Cash Provided/(Used) by Operating Activities | 2,102 |  |  | 492 |  |  | (1,217 | ) |  | — |  |  | 1,377 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |
Acquisition of businesses, net of cash acquired | (40 | ) |  | (203 | ) |  | — |  |  | — |  |  | (243 | )
Capital expenditures | (192 | ) |  | (151 | ) |  | (45 | ) |  | — |  |  | (388 | )
Net proceeds from sale of emission allowances | 19 |  |  | — |  |  | — |  |  | — |  |  | 19 |
Investments in nuclear decommissioning trust fund securities | (572 | ) |  | — |  |  | — |  |  | — |  |  | (572 | )
Proceeds from sales of nuclear decommissioning trust fund securities | 513 |  |  | — |  |  | — |  |  | — |  |  | 513 |
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees | 14 |  |  | 8 |  |  | 1,542 |  |  | — |  |  | 1,564 |
Deconsolidation of Agua Caliente and Ivanpah projects | — |  |  | (268 | ) |  | — |  |  | — |  |  | (268 | )
Changes in investments in unconsolidated affiliates | — |  |  | (39 | ) |  | — |  |  | — |  |  | (39 | )
Net (contributions to)/distributions from discontinued operations | — |  |  | (60 | ) |  | — |  |  | — |  |  | (60 | )
Other | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Cash (used)/provided by continuing operations | (258 | ) |  | (713 | ) |  | 1,491 |  |  | — |  |  | 520 |
Cash used by discontinued operations | — |  |  | (725 | ) |  | — |  |  | — |  |  | (725 | )
Net Cash (Used)/Provided by Investing Activities | (258 | ) |  | (1,438 | ) |  | 1,491 |  |  | — |  |  | (205 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Payments (for)/from intercompany loans | (1,701 | ) |  | 113 |  |  | 1,588 |  |  | — |  |  | — |
Payments of dividends to preferred and common stockholders | — |  |  | — |  |  | (37 | ) |  | — |  |  | (37 | )
Payments for treasury stock | — |  |  | — |  |  | (1,250 | ) |  | — |  |  | (1,250 | )
Payments for debt extinguishment costs | — |  |  | — |  |  | (32 | ) |  | — |  |  | (32 | )
Net distributions to noncontrolling interests from subsidiaries | — |  |  | (16 | ) |  | — |  |  | — |  |  | (16 | )
Proceeds from issuance of common stock | — |  |  | — |  |  | 21 |  |  | — |  |  | 21 |
Proceeds from issuance of long-term debt | — |  |  | 163 |  |  | 937 |  |  | — |  |  | 1,100 |
Payments of debt issuance costs | — |  |  | — |  |  | (19 | ) |  | — |  |  | (19 | )
Payments for short and long-term debt | — |  |  | (138 | ) |  | (1,596 | ) |  | — |  |  | (1,734 | )
Receivable from affiliate | — |  |  | — |  |  | (26 | ) |  | — |  |  | (26 | )
Other | — |  |  | (4 | ) |  | — |  |  | — |  |  | (4 | )
Cash (used)/provided by continuing operations | (1,701 | ) |  | 118 |  |  | (414 | ) |  | — |  |  | (1,997 | )
Cash provided by discontinued operations | — |  |  | 471 |  |  | — |  |  | — |  |  | 471 |
Net Cash (Used)/Provided by Financing Activities | (1,701 | ) |  | 589 |  |  | (414 | ) |  | — |  |  | (1,526 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Change in cash from discontinued operations | 89 |  |  | 31 |  |  | — |  |  | — |  |  | 120 |
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties | 54 |  |  | (387 | ) |  | (140 | ) |  | — |  |  | (473 | )
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period | 41 |  |  | 425 |  |  | 620 |  |  | — |  |  | 1,086 |
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period | $ | 95 |  |  | $ | 38 |  |  | $ | 480 |  |  | $ | — |  |  | $ | 613 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2017
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations (a) |  | Consolidated Balance
| (In millions)
Operating Revenues |  |  |  |  |  |  |  |  |
Total operating revenues | $ | 7,818 |  |  | $ | 1,304 |  |  | $ | — |  |  | $ | (48 | ) |  | $ | 9,074 |
Operating Costs and Expenses |  |  |  |  |  |  |  |  |
Cost of operations | 5,998 |  |  | 862 |  |  | 72 |  |  | (46 | ) |  | 6,886 |
Depreciation and amortization | 343 |  |  | 221 |  |  | 32 |  |  | — |  |  | 596 |
Impairment losses | 1,346 |  |  | 188 |  |  | — |  |  | — |  |  | 1,534 |
Selling, general and administrative | 410 |  |  | 64 |  |  | 364 |  |  | (2 | ) |  | 836 |
Reorganization costs | 6 |  |  | — |  |  | 38 |  |  | — |  |  | 44 |
Development costs | — |  |  | 4 |  |  | 18 |  |  | — |  |  | 22 |
Total operating costs and expenses | 8,103 |  |  | 1,339 |  |  | 524 |  |  | (48 | ) |  | 9,918 |
Other income - affiliate | — |  |  | — |  |  | 87 |  |  | — |  |  | 87 |
Gain on sale of assets | 4 |  |  | 12 |  |  | — |  |  | — |  |  | 16 |
Operating Loss | (281 | ) |  | (23 | ) |  | (437 | ) |  | — |  |  | (741 | )
Other Income/(Expense) |  |  |  |  |  |  |  |  |
Equity in earnings of consolidated subsidiaries | 18 |  |  | — |  |  | 28 |  |  | (46 | ) |  | — |
Equity in losses of unconsolidated affiliates | — |  |  | (10 | ) |  | (4 | ) |  | — |  |  | (14 | )
Impairment losses on investments | — |  |  | (75 | ) |  | (4 | ) |  | — |  |  | (79 | )
Other income, net | 9 |  |  | 14 |  |  | 28 |  |  | — |  |  | 51 |
Loss on debt extinguishment, net | — |  |  | — |  |  | (49 | ) |  | — |  |  | (49 | )
Interest expense | (14 | ) |  | (91 | ) |  | (452 | ) |  | — |  |  | (557 | )
Total other income/(expense) | 13 |  |  | (162 | ) |  | (453 | ) |  | (46 | ) |  | (648 | )
Loss from Continuing Operations Before Income Taxes | (268 | ) |  | (185 | ) |  | (890 | ) |  | (46 | ) |  | (1,389 | )
Income tax (benefit)/expense | (598 | ) |  | (62 | ) |  | 616 |  |  | — |  |  | (44 | )
Income/(Loss) from Continuing Operations | 330 |  |  | (123 | ) |  | (1,506 | ) |  | (46 | ) |  | (1,345 | )
Income/(Loss) from Discontinued Operations, net of income tax | 91 |  |  | (420 | ) |  | (663 | ) |  | — |  |  | (992 | )
Net Income/(Loss) | 421 |  |  | (543 | ) |  | (2,169 | ) |  | (46 | ) |  | (2,337 | )
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | — |  |  | (168 | ) |  | (16 | ) |  | — |  |  | (184 | )
Net Income/(Loss) Attributable to NRG Energy, Inc. | $ | 421 |  |  | $ | (375 | ) |  | $ | (2,153 | ) |  | $ | (46 | ) |  | $ | (2,153 | )
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) For the Year Ended December 31, 2017
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated Balance
| (In millions)
Net Income/(Loss) | $ | 421 |  |  | $ | (543 | ) |  | $ | (2,169 | ) |  | $ | (46 | ) |  | $ | (2,337 | )
Other Comprehensive Income/(Loss), net of tax |  |  |  |  |  |  |  |  |
Unrealized gain on derivatives, net | 1 |  |  | 13 |  |  | 25 |  |  | (26 | ) |  | 13 |
Foreign currency translation adjustments, net | 6 |  |  | 7 |  |  | — |  |  | (1 | ) |  | 12 |
Available-for-sale securities, net | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Defined benefit plan, net | (13 | ) |  | 30 |  |  | 41 |  |  | (12 | ) |  | 46 |
Other comprehensive (loss)/income | (6 | ) |  | 50 |  |  | 58 |  |  | (39 | ) |  | 63 |
Comprehensive Income/(Loss) | 415 |  |  | (493 | ) |  | (2,111 | ) |  | (85 | ) |  | (2,274 | )
Less: Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests | — |  |  | (103 | ) |  | (16 | ) |  | (60 | ) |  | (179 | )
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc. | $ | 415 |  |  | $ | (390 | ) |  | $ | (2,095 | ) |  | $ | (25 | ) |  | $ | (2,095 | )
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2017
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. |  | Eliminations (a) |  | Consolidated Balance
| (In millions)
ASSETS |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 150 |  |  | $ | 620 |  |  | $ | — |  |  | $ | 770 |
Funds deposited by counterparties | 37 |  |  | — |  |  | — |  |  | — |  |  | 37 |
Restricted cash | 4 |  |  | 275 |  |  | — |  |  | — |  |  | 279 |
Accounts receivable - trade | 852 |  |  | 44 |  |  | 4 |  |  | — |  |  | 900 |
Inventory | 307 |  |  | 146 |  |  | — |  |  | — |  |  | 453 |
Derivative instruments | 647 |  |  | 24 |  |  | 10 |  |  | (57 | ) |  | 624 |
Cash collateral posted in support of energy risk management activities | 170 |  |  | 1 |  |  | — |  |  | — |  |  | 171 |
Accounts receivable - affiliate | 685 |  |  | 183 |  |  | (154 | ) |  | (534 | ) |  | 180 |
Prepayments and other current assets | 106 |  |  | 30 |  |  | 27 |  |  | — |  |  | 163 |
Current assets - held-for-sale | 8 |  |  | 108 |  |  | — |  |  | — |  |  | 116 |
Current assets - discontinued operations | 89 |  |  | 655 |  |  | — |  |  | — |  |  | 744 |
Total current assets | 2,905 |  |  | 1,616 |  |  | 507 |  |  | (591 | ) |  | 4,437 |
Property, plant and equipment, net | 2,052 |  |  | 3,689 |  |  | 237 |  |  | (4 | ) |  | 5,974 |
Other Assets |  |  |  |  |  |  |  |  |
Investment in subsidiaries | 266 |  |  | — |  |  | 8,234 |  |  | (8,500 | ) |  | — |
Equity investments in affiliates | — |  |  | 181 |  |  | 1 |  |  | — |  |  | 182 |
Goodwill | 359 |  |  | 180 |  |  | — |  |  | — |  |  | 539 |
Intangible assets, net | 455 |  |  | 55 |  |  | — |  |  | (3 | ) |  | 507 |
Nuclear decommissioning trust fund | 692 |  |  | — |  |  | — |  |  | — |  |  | 692 |
Derivative instruments | 126 |  |  | 2 |  |  | 31 |  |  | — |  |  | 159 |
Deferred income taxes | 377 |  |  | (135 | ) |  | (236 | ) |  | — |  |  | 6 |
Other non-current assets | 64 |  |  | 126 |  |  | 120 |  |  | — |  |  | 310 |
Non-current assets - held for sale | — |  |  | 43 |  |  | — |  |  | — |  |  | 43 |
Non-current assets - discontinued operations | 456 |  |  | 10,072 |  |  | — |  |  | (22 | ) |  | 10,506 |
Total other assets | 2,795 |  |  | 10,524 |  |  | 8,150 |  |  | (8,525 | ) |  | 12,944 |
Total Assets | $ | 7,752 |  |  | $ | 15,829 |  |  | $ | 8,894 |  |  | $ | (9,120 | ) |  | $ | 23,355 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt and capital leases | $ | — |  |  | $ | 183 |  |  | $ | 21 |  |  | $ | — |  |  | $ | 204 |
Accounts payable | 582 |  |  | 47 |  |  | 55 |  |  | — |  |  | 684 |
Accounts payable - affiliate | 725 |  |  | (310 | ) |  | 176 |  |  | (534 | ) |  | 57 |
Derivative instruments | 556 |  |  | 38 |  |  | — |  |  | (57 | ) |  | 537 |
Cash collateral received in support of energy risk management activities | 37 |  |  | — |  |  | — |  |  | — |  |  | 37 |
Accrued expenses and other current liabilities | 313 |  |  | 67 |  |  | 376 |  |  | — |  |  | 756 |
Accrued expenses and other current liabilities - affiliate | — |  |  | — |  |  | 161 |  |  | — |  |  | 161 |
Current liabilities - held-for-sale | — |  |  | 72 |  |  | — |  |  | — |  |  | 72 |
Current liabilities - discontinued operations | 34 |  |  | 807 |  |  | 5 |  |  | — |  |  | 846 |
Total current liabilities | 2,247 |  |  | 904 |  |  | 794 |  |  | (591 | ) |  | 3,354 |
Other Liabilities |  |  |  |  |  |  |  |  |
Long-term debt and capital leases | 244 |  |  | 2,197 |  |  | 6,739 |  |  | — |  |  | 9,180 |
Nuclear decommissioning reserve | 269 |  |  | — |  |  | — |  |  | — |  |  | 269 |
Nuclear decommissioning trust liability | 415 |  |  | — |  |  | — |  |  | — |  |  | 415 |
Postretirement and other benefit obligations | 118 |  |  | 1 |  |  | 339 |  |  | — |  |  | 458 |
Derivative instruments | 136 |  |  | 7 |  |  | — |  |  | — |  |  | 143 |
Deferred income taxes | 112 |  |  | 64 |  |  | (155 | ) |  | — |  |  | 21 |
Out-of-market contracts, net | — |  |  | 129 |  |  | — |  |  | — |  |  | 129 |
Other non-current liabilities | 284 |  |  | 198 |  |  | 52 |  |  | — |  |  | 534 |
Non-current liabilities - held-for-sale | — |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Non-current liabilities - discontinued operations | 73 |  |  | 6,725 |  |  | — |  |  | — |  |  | 6,798 |
Total non-current liabilities | 1,651 |  |  | 9,329 |  |  | 6,975 |  |  | — |  |  | 17,955 |
Total Liabilities | 3,898 |  |  | 10,233 |  |  | 7,769 |  |  | (591 | ) |  | 21,309 |
Redeemable noncontrolling interest in subsidiaries | — |  |  | 78 |  |  | — |  |  | — |  |  | 78 |
Stockholders' Equity | 3,854 |  |  | 5,518 |  |  | 1,125 |  |  | (8,529 | ) |  | 1,968 |
Total Liabilities and Stockholders' Equity | $ | 7,752 |  |  | $ | 15,829 |  |  | $ | 8,894 |  |  | $ | (9,120 | ) |  | $ | 23,355 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2017
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated Balance
| (In millions)
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net income/(loss) | $ | 421 |  |  | $ | (543 | ) |  | $ | (2,169 | ) |  | $ | (46 | ) |  | $ | (2,337 | )
Income/(loss) from discontinued operations | 91 |  |  | (420 | ) |  | (663 | ) |  | — |  |  | (992 | )
Net income/(loss) from continuing operations | 330 |  |  | (123 | ) |  | (1,506 | ) |  | (46 | ) |  | (1,345 | )
Adjustments to reconcile net income/(loss) to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Distributions and equity in earnings of unconsolidated affiliates | — |  |  | 12 |  |  | 90 |  |  | — |  |  | 102 |
Depreciation, amortization and accretion | 343 |  |  | 221 |  |  | 32 |  |  | — |  |  | 596 |
Provision for bad debts | 56 |  |  | — |  |  | 12 |  |  | — |  |  | 68 |
Amortization of nuclear fuel | 51 |  |  | — |  |  | — |  |  | — |  |  | 51 |
Amortization of financing costs and debt discount/premiums | — |  |  | 13 |  |  | 16 |  |  | — |  |  | 29 |
Adjustment for debt extinguishment | — |  |  | — |  |  | 49 |  |  | — |  |  | 49 |
Amortization of intangibles and out-of-market contracts | 42 |  |  | 12 |  |  | — |  |  | — |  |  | 54 |
Amortization of unearned equity compensation | — |  |  | — |  |  | 35 |  |  | — |  |  | 35 |
Net loss/(gain) on sale of assets and equity/cost method investments | 2 |  |  | (11 | ) |  | — |  |  | — |  |  | (9 | )
Impairment losses | 1,346 |  |  | 264 |  |  | 4 |  |  | — |  |  | 1,614 |
Changes in derivative instruments | (214 | ) |  | 50 |  |  | (4 | ) |  | (2 | ) |  | (170 | )
Changes in deferred income taxes and liability for uncertain tax benefits | (300 | ) |  | (9 | ) |  | 322 |  |  | — |  |  | 13 |
Changes in collateral deposits in support of energy risk management activities | (98 | ) |  | 18 |  |  | — |  |  | — |  |  | (80 | )
Changes in nuclear decommissioning trust liability | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Changes in other working capital | 82 |  |  | (354 | ) |  | 62 |  |  | 48 |  |  | (162 | )
Cash provided/(used) by continuing operations | 1,651 |  |  | 93 |  |  | (888 | ) |  | — |  |  | 856 |
Cash provided by discontinued operations | 116 |  |  | 638 |  |  | — |  |  | — |  |  | 754 |
Net Cash Provided/(Used) by Operating Activities | 1,767 |  |  | 731 |  |  | (888 | ) |  | — |  |  | 1,610 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |
Acquisition of businesses, net of cash acquired | (14 | ) |  | — |  |  | — |  |  | — |  |  | (14 | )
Capital expenditures | (180 | ) |  | (43 | ) |  | (31 | ) |  | — |  |  | (254 | )
Proceeds from renewable energy grants | — |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Net proceeds from sale of emission allowances | 66 |  |  | — |  |  | — |  |  | — |  |  | 66 |
Investments in nuclear decommissioning trust fund securities | (512 | ) |  | — |  |  | — |  |  | — |  |  | (512 | )
Proceeds from sales of nuclear decommissioning trust fund securities | 501 |  |  | — |  |  | — |  |  | — |  |  | 501 |
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees | 33 |  |  | 54 |  |  | 343 |  |  | — |  |  | 430 |
Changes in investments in unconsolidated affiliates | — |  |  | (57 | ) |  | — |  |  | — |  |  | (57 | )
Net distributions from discontinued operations | — |  |  | — |  |  | 150 |  |  | — |  |  | 150 |
Other | 18 |  |  | 4 |  |  | — |  |  | — |  |  | 22 |
Cash (used)/provided by continuing operations | (88 | ) |  | (34 | ) |  | 462 |  |  | — |  |  | 340 |
Cash used by discontinued operations | (13 | ) |  | (966 | ) |  | — |  |  | — |  |  | (979 | )
Net Cash (Used)/Provided by Investing Activities | (101 | ) |  | (1,000 | ) |  | 462 |  |  | — |  |  | (639 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |
Payments (for)/from intercompany loans | (1,525 | ) |  | (39 | ) |  | 1,564 |  |  | — |  |  | — |
Payment of dividends to preferred and common stockholders | — |  |  | — |  |  | (38 | ) |  | — |  |  | (38 | )
Payments for debt extinguishment costs | — |  |  | — |  |  | (42 | ) |  | — |  |  | (42 | )
Net distributions to noncontrolling interests from subsidiaries | — |  |  | (30 | ) |  | — |  |  | — |  |  | (30 | )
Payments for issuance of common stock | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Proceeds from issuance of long-term debt | — |  |  | 94 |  |  | 1,084 |  |  | — |  |  | 1,178 |
Payment of debt issuance costs | — |  |  | (2 | ) |  | (16 | ) |  | — |  |  | (18 | )
Payments for short and long-term debt | — |  |  | (183 | ) |  | (1,701 | ) |  | — |  |  | (1,884 | )
Receivable from affiliate | — |  |  | — |  |  | (125 | ) |  | — |  |  | (125 | )
Other | — |  |  | (8 | ) |  | — |  |  | — |  |  | (8 | )
Cash (used)/provided by continuing operations | (1,525 | ) |  | (168 | ) |  | 724 |  |  | — |  |  | (969 | )
Cash used by discontinued operations | (109 | ) |  | (60 | ) |  | — |  |  | — |  |  | (169 | )
Net Cash (Used)/Provided by Financing Activities | (1,634 | ) |  | (228 | ) |  | 724 |  |  | — |  |  | (1,138 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Change in cash from discontinued operations | (6 | ) |  | (388 | ) |  | — |  |  | — |  |  | (394 | )
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties | 38 |  |  | (110 | ) |  | 298 |  |  | — |  |  | 226 |
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period | 3 |  |  | 535 |  |  | 322 |  |  | — |  |  | 860 |
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period | $ | 41 |  |  | $ | 425 |  |  | $ | 620 |  |  | $ | — |  |  | $ | 1,086 |
(a) All significant intercompany transactions have been eliminated in consolidation NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the Year Ended December 31, 2016
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. |  | Eliminations (a) |  | Consolidated Balance
| (In millions)
Operating Revenues |  |  |  |  |  |  |  |  |
Total operating revenues | $ | 7,539 |  |  | $ | 1,450 |  |  | $ | — |  |  | $ | (74 | ) |  | $ | 8,915 |
Operating Costs and Expenses |  |  |  |  |  |  |  |  |
Cost of operations | 5,581 |  |  | 1,116 |  |  | 59 |  |  | (80 | ) |  | 6,676 |
Depreciation and amortization | 500 |  |  | 230 |  |  | 26 |  |  | — |  |  | 756 |
Impairment losses | 370 |  |  | 113 |  |  | — |  |  | — |  |  | 483 |
Selling, general and administrative | 430 |  |  | 144 |  |  | 458 |  |  | — |  |  | 1,032 |
Development costs | — |  |  | 18 |  |  | 30 |  |  | — |  |  | 48 |
Total operating costs and expenses | 6,881 |  |  | 1,621 |  |  | 573 |  |  | (80 | ) |  | 8,995 |
Other income - affiliate | — |  |  | — |  |  | 193 |  |  | — |  |  | 193 |
Loss on sale of assets | (1 | ) |  | — |  |  | (79 | ) |  | — |  |  | (80 | )
Operating Income/(Loss) | 657 |  |  | (171 | ) |  | (459 | ) |  | 6 |  |  | 33 |
Other (Expense)/Income |  |  |  |  |  |  |  |  |
Equity in (losses)/earnings of consolidated subsidiaries | (50 | ) |  | — |  |  | 374 |  |  | (324 | ) |  | — |
Equity in earnings/(losses) of unconsolidated affiliates | 5 |  |  | (9 | ) |  | (4 | ) |  | (10 | ) |  | (18 | )
Impairment losses on investments | — |  |  | (252 | ) |  | (16 | ) |  | — |  |  | (268 | )
Other income, net | 5 |  |  | 15 |  |  | 27 |  |  | — |  |  | 47 |
Net loss on debt extinguishment | — |  |  | (4 | ) |  | (138 | ) |  | — |  |  | (142 | )
Interest expense | (15 | ) |  | (85 | ) |  | (483 | ) |  | — |  |  | (583 | )
Total other expense | (55 | ) |  | (335 | ) |  | (240 | ) |  | (334 | ) |  | (964 | )
Income/(Loss) from Continuing Operations Before Income Taxes | 602 |  |  | (506 | ) |  | (699 | ) |  | (328 | ) |  | (931 | )
Income tax (benefit)/expense | (1 | ) |  | 28 |  |  | (2 | ) |  | — |  |  | 25 |
Income/(Loss) from Continuing Operations | 603 |  |  | (534 | ) |  | (697 | ) |  | (328 | ) |  | (956 | )
Income/(Loss) from Discontinued Operations, net of income tax | 86 |  |  | — |  |  | (21 | ) |  | — |  |  | 65 |
Net Income/(Loss) | 689 |  |  | (534 | ) |  | (718 | ) |  | (328 | ) |  | (891 | )
Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | — |  |  | (169 | ) |  | 56 |  |  | (4 | ) |  | (117 | )
Net Income/(Loss) Attributable to NRG Energy, Inc. | $ | 689 |  |  | $ | (365 | ) |  | $ | (774 | ) |  | $ | (324 | ) |  | $ | (774 | )
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) For the Year Ended December 31, 2016
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated Balance
| (In millions)
Net Income/(Loss) | $ | 689 |  |  | $ | (534 | ) |  | $ | (718 | ) |  | $ | (328 | ) |  | $ | (891 | )
Other Comprehensive Income/(Loss), net of tax |  |  |  |  |  |  |  |  |
Unrealized gain on derivatives, net | — |  |  | 32 |  |  | 89 |  |  | (86 | ) |  | 35 |
Foreign currency translation adjustments, net | (1 | ) |  | (1 | ) |  | (1 | ) |  | 2 |  |  | (1 | )
Available-for-sale securities, net | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Defined benefit plan, net | 44 |  |  | (13 | ) |  | (51 | ) |  | 23 |  |  | 3 |
Other comprehensive income | 43 |  |  | 18 |  |  | 38 |  |  | (61 | ) |  | 38 |
Comprehensive Income/(Loss) | 732 |  |  | (516 | ) |  | (680 | ) |  | (389 | ) |  | (853 | )
Less: Comprehensive (loss)/income attributable to noncontrolling interest | — |  |  | (103 | ) |  | 56 |  |  | (70 | ) |  | (117 | )
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc. | 732 |  |  | (413 | ) |  | (736 | ) |  | (319 | ) |  | (736 | )
Dividends for preferred shares | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Gain on redemption of preferred shares | — |  |  | — |  |  | (78 | ) |  | — |  |  | (78 | )
Comprehensive Income/(Loss) Available for Common Stockholders | $ | 732 |  |  | $ | (413 | ) |  | $ | (663 | ) |  | $ | (319 | ) |  | $ | (663 | )
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2016
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated Balance
| (In millions)
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net income/(loss) | $ | 689 |  |  | $ | (534 | ) |  | $ | (718 | ) |  | $ | (328 | ) |  | $ | (891 | )
Income/(loss) from discontinued operations | 86 |  |  | — |  |  | (21 | ) |  | — |  |  | 65 |
Net income/(loss) from continuing operations | 603 |  |  | (534 | ) |  | (697 | ) |  | (328 | ) |  | (956 | )
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities: |  |  |  |  |  |  |  |  |
Distributions and equity in earnings of unconsolidated affiliates | (5 | ) |  | (14 | ) |  | 86 |  |  | — |  |  | 67 |
Depreciation, amortization and accretion | 508 |  |  | 238 |  |  | 26 |  |  | — |  |  | 772 |
Provision for bad debts | 42 |  |  | 3 |  |  | — |  |  | — |  |  | 45 |
Amortization of nuclear fuel | 49 |  |  | — |  |  | — |  |  | — |  |  | 49 |
Amortization of financing costs and debt discount/premiums | — |  |  | 13 |  |  | 20 |  |  | — |  |  | 33 |
Adjustment for debt extinguishment | — |  |  | 4 |  |  | 138 |  |  | — |  |  | 142 |
Amortization of intangibles and out-of-market contracts | 56 |  |  | 12 |  |  | — |  |  | — |  |  | 68 |
Amortization of unearned equity compensation | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net loss on sale of assets and equity/cost method investments | 70 |  |  | — |  |  | 69 |  |  | — |  |  | 139 |
Impairment losses | 370 |  |  | 365 |  |  | 16 |  |  | — |  |  | 751 |
Changes in derivative instruments | 28 |  |  | 21 |  |  | (36 | ) |  | 3 |  |  | 16 |
Changes in deferred income taxes and liability for uncertain tax benefits | (1 | ) |  | 49 |  |  | (60 | ) |  | — |  |  | (12 | )
Changes in collateral deposits in support of energy risk management activities | 384 |  |  | 12 |  |  | — |  |  | — |  |  | 396 |
Changes in nuclear decommissioning trust liability | 41 |  |  | — |  |  | — |  |  | — |  |  | 41 |
Changes in other working capital | (139 | ) |  | (54 | ) |  | (256 | ) |  | 325 |  |  | (124 | )
Cash provided/(used) by continuing operations | 2,006 |  |  | 115 |  |  | (684 | ) |  | — |  |  | 1,437 |
Cash provided by discontinued operations | 174 |  |  | 297 |  |  | — |  |  | — |  |  | 471 |
Net Cash Provided/(Used) by Operating Activities | 2,180 |  |  | 412 |  |  | (684 | ) |  | — |  |  | 1,908 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |
Acquisition of business, net of cash acquired | — |  |  | — |  |  | — |  |  | — |  |  | — |
Capital expenditures | (172 | ) |  | (326 | ) |  | (46 | ) |  | — |  |  | (544 | )
Proceeds from renewable energy grants | — |  |  | 36 |  |  | — |  |  | — |  |  | 36 |
Net purchases of emission allowances | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Investments in nuclear decommissioning trust fund securities | (551 | ) |  | — |  |  | — |  |  | — |  |  | (551 | )
Proceeds from sales of nuclear decommissioning trust fund securities | 510 |  |  | — |  |  | — |  |  | — |  |  | 510 |
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees | — |  |  | 56 |  |  | 185 |  |  | — |  |  | 241 |
Changes in investments in unconsolidated affiliates | — |  |  | (33 | ) |  | — |  |  | — |  |  | (33 | )
Net distributions to discontinued operations | — |  |  | — |  |  | (58 | ) |  | — |  |  | (58 | )
Other | 27 |  |  | 4 |  |  | — |  |  | — |  |  | 31 |
Cash (used)/provided by continuing operations | (187 | ) |  | (263 | ) |  | 81 |  |  | — |  |  | (369 | )
Cash used by discontinued operations | (9 | ) |  | (379 | ) |  | — |  |  | — |  |  | (388 | )
Net Cash (Used)/Provided by Investing Activities | (196 | ) |  | (642 | ) |  | 81 |  |  | — |  |  | (757 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |
Payments (for)/from intercompany loans | (1,856 | ) |  | 375 |  |  | 1,481 |  |  | — |  |  | — |
Payment of dividends to preferred and common stockholders | — |  |  | — |  |  | (76 | ) |  | — |  |  | (76 | )
Payment for preferred shares | — |  |  | — |  |  | (226 | ) |  | — |  |  | (226 | )
Payments for debt extinguishment costs | — |  |  | — |  |  | (121 | ) |  | — |  |  | (121 | )
Net distributions to noncontrolling interest from subsidiaries | — |  |  | (27 | ) |  | — |  |  | — |  |  | (27 | )
Proceeds from issuance of common stock | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Proceeds from issuance of long-term debt | — |  |  | 271 |  |  | 4,141 |  |  | — |  |  | 4,412 |
Payments of debt issuance costs | — |  |  | — |  |  | (61 | ) |  | — |  |  | (61 | )
Payments for short and long-term debt | (2 | ) |  | (221 | ) |  | (4,923 | ) |  | — |  |  | (5,146 | )
Other | (3 | ) |  | (4 | ) |  | — |  |  | — |  |  | (7 | )
Cash (used)/provided by continuing operations | (1,861 | ) |  | 394 |  |  | 216 |  |  | — |  |  | (1,251 | )
Cash (used)/provided by discontinued operations | (163 | ) |  | 646 |  |  | — |  |  | — |  |  | 483 |
Net Cash (Used)/Provided by Financing Activities | (2,024 | ) |  | 1,040 |  |  | 216 |  |  | — |  |  | (768 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Change in cash from discontinued operations | 2 |  |  | 564 |  |  | — |  |  | — |  |  | 566 |
Net (Decrease)/Increase in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties | (42 | ) |  | 247 |  |  | (387 | ) |  | — |  |  | (182 | )
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period | 45 |  |  | 288 |  |  | 709 |  |  | — |  |  | 1,042 |
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period | $ | 3 |  |  | $ | 535 |  |  | $ | 322 |  |  | $ | — |  |  | $ | 860 |
(a) All significant intercompany transactions have been eliminated in consolidation

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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