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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule of Guarantor 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 |  |
Condensed Consolidating Statement of Operations | 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 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 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
Condensed Consolidating Statements of Comprehensive Income | 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 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 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
Condensed Consolidating Balance Sheets | 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 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
Condensed Consolidating Statements of Cash Flows | 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
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 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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