XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.19.1

Segment Reporting | 3 Months Ended
--- | ---
Mar. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company's segment structure reflects how management currently makes financial decisions and allocates resources. The Company's businesses are segregated into the Generation, Retail and corporate segments. Generation includes all power plant activities, domestic and international, as well as renewables. Retail includes Mass customers and Business Solutions, which includes C&I customers and other distributed and reliability products. Intersegment sales are accounted for at market. The financial information for the three months ended March 31, 2018 has been recast to reflect the current segment structure. On February 4, 2019, as described in Note 4, Discontinued Operations and Dispositions, the Company completed the sale of and deconsolidated the South Central Portfolio. On August 31, 2018, as described in Note 4, Discontinued Operations and Dispositions, NRG deconsolidated NRG Yield, Inc., its Renewables Platform and Carlsbad for financial reporting purposes. The financial information for the three months ended March 31, 2018 has been recast to reflect the presentation of these entities as discontinued operations within the corporate segment. NRG’s chief operating decision maker, its chief executive officer, evaluates the performance of its segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, free cash flow and capital for allocation, as well as net income/(loss)and net income/(loss) attributable to NRG Energy, Inc.
| Three months ended March 31, 2019(a)
| Retail |  | Generation |  | Corporate |  | Eliminations |  | Total
| (In millions)
Operating revenues(b) | $ | 1,607 |  |  | $ | 823 |  |  | $ | 1 |  |  | $ | (266 | ) |  | $ | 2,165 |
Depreciation and amortization | 31 |  |  | 46 |  |  | 8 |  |  | — |  |  | 85 |
Reorganization costs | 1 |  |  | 1 |  |  | 11 |  |  | — |  |  | 13 |
Equity in losses of unconsolidated affiliates | — |  |  | (20 | ) |  | 27 |  |  | (28 | ) |  | (21 | )
Income/(loss) from continuing operations before income taxes | 111 |  |  | 114 |  |  | (100 | ) |  | (27 | ) |  | 98 |
Income/(loss) from continuing operations | 111 |  |  | 114 |  |  | (104 | ) |  | (27 | ) |  | 94 |
Income from discontinued operations, net of tax | — |  |  | — |  |  | 388 |  |  | — |  |  | 388 |
Net Income attributable to NRG Energy, Inc. | $ | 111 |  |  | $ | 114 |  |  | $ | 284 |  |  | $ | (27 | ) |  | $ | 482 |
Total assets as of March 31, 2019 | $ | 3,309 |  |  | $ | 5,489 |  |  | $ | 5,680 |  |  | $ | (4,948 | ) |  | $ | 9,530 |
(a) Includes intersegment revenues and costs associated with the internal transfer of power, which is based on average annualized market prices and results in higher revenues in Generation and higher cost of operations in Retail that are eliminated in consolidation
(b) Operating revenues include intersegment sales and net derivative gains and losses of: | $ | 3 |  |  | $ | 235 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 266 |
| Three months ended March 31, 2018(a)
| Retail |  | Generation |  | Corporate |  | Eliminations |  | Total
| (In millions)
Operating revenues(b) | $ | 1,480 |  |  | $ | 270 |  |  | $ | 1 |  |  | $ | 314 |  |  | $ | 2,065 |
Depreciation and amortization | 26 |  |  | 86 |  |  | 9 |  |  | (1 | ) |  | 120 |
Reorganization costs | 3 |  |  | 4 |  |  | 13 |  |  | — |  |  | 20 |
Equity in earnings/(losses) of unconsolidated affiliates | — |  |  | 2 |  |  | (1 | ) |  | — |  |  | 1 |
Income/(loss) from continuing operations before income taxes | 944 |  |  | (573 | ) |  | (128 | ) |  | 1 |  |  | 244 |
Income/(loss) from continuing operations | 944 |  |  | (573 | ) |  | (134 | ) |  | 1 |  |  | 238 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Net Income/(Loss) | 944 |  |  | (573 | ) |  | (139 | ) |  | 1 |  |  | 233 |
Net Income/(Loss) attributable to NRG Energy, Inc. | $ | 943 |  |  | $ | (565 | ) |  | $ | (100 | ) |  | $ | 1 |  |  | $ | 279 |
(a) Includes intersegment revenues and costs associated with our internal transfer of power, which is based on average annualized market prices and results in higher revenues in Generation and higher cost of operations in Retail that are eliminated in consolidation
(b) Operating revenues include intersegment sales and net derivative gains and losses of: | $ | 1 |  |  | $ | (309 | ) |  | $ | (6 | ) |  | $ | — |  |  | $ | (314 | )

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration