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Condensed Consolidating Financial Information | 3 Months Ended
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Mar. 31, 2019
Condensed Consolidating Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Condensed Consolidating Financial Information As of March 31, 2019, the Company had outstanding $4.4 billion of Senior Notes due from 2024 to 2048, as shown in Note 9, 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 March 31, 2019:
Ace Energy, Inc. | NRG Business Services LLC | NRG PacGen Inc.
Allied Home Warranty GP LLC | NRG Cabrillo Power Operations Inc. | NRG Portable Power LLC
Allied Warranty LLC | NRG California Peaker Operations LLC | NRG Power Marketing LLC
Arthur Kill Power LLC | NRG Cedar Bayou Development Company, LLC | NRG Reliability Solutions LLC
Astoria Gas Turbine Power LLC | NRG Connected Home LLC | NRG Renter's Protection LLC
BidURenergy, Inc. | NRG Connecticut Affiliate Services Inc. | NRG Retail LLC
Cabrillo Power I LLC | NRG Construction LLC | NRG Retail Northeast LLC
Cabrillo Power II LLC | NRG Curtailment Solutions, Inc | NRG Rockford Acquisition LLC
Carbon Management Solutions LLC | NRG Development Company Inc. | NRG Saguaro Operations Inc.
Cirro Group, Inc. | NRG Devon Operations Inc. | NRG Security LLC
Cirro Energy Services, Inc. | NRG Dispatch Services LLC | NRG Services Corporation
Connecticut Jet Power LLC | NRG Distributed Energy Resources Holdings LLC | NRG SimplySmart Solutions LLC
Devon Power LLC | NRG Distributed Generation PR LLC | NRG South Central Affiliate Services Inc.
Dunkirk Power LLC | NRG Dunkirk Operations Inc. | NRG South Central Operations Inc.
Eastern Sierra Energy Company LLC | NRG ECOKAP Holdings LLC | NRG South Texas LP
El Segundo Power, LLC | NRG El Segundo Operations Inc. | NRG Texas C&I Supply LLC
El Segundo Power II LLC | NRG Energy Labor Services LLC | NRG Texas Gregory LLC
Energy Alternatives Wholesale, LLC | NRG Energy Services Group LLC | NRG Texas Holding Inc.
Energy Choice Solutions LLC | NRG Energy Services International Inc. | NRG Texas LLC
Energy Plus Holdings LLC | NRG Energy Services LLC | NRG Texas Power LLC
Energy Plus Natural Gas LLC | NRG Generation Holdings, Inc. | NRG Warranty Services LLC
Energy Protection Insurance Company | NRG Greenco LLC | NRG West Coast LLC
Everything Energy LLC | NRG Home & Business Solutions LLC | NRG Western Affiliate Services Inc.
Forward Home Security, LLC | NRG Home Services LLC | O'Brien Cogeneration, Inc. II
GCP Funding Company, LLC | NRG Home Solutions LLC | ONSITE Energy, Inc.
Green Mountain Energy Company | NRG Home Solutions Product LLC | Oswego Harbor Power LLC
Gregory Partners, LLC | NRG Homer City Services LLC | Reliant Energy Northeast LLC
Gregory Power Partners LLC | NRG Huntley Operations Inc. | Reliant Energy Power Supply, LLC
Huntley Power LLC | NRG HQ DG LLC | Reliant Energy Retail Holdings, LLC
Independence Energy Alliance LLC | NRG Identity Protect LLC | Reliant Energy Retail Services, LLC
Independence Energy Group LLC | NRG Ilion Limited Partnership | RERH Holdings, LLC
Independence Energy Natural Gas LLC | NRG Ilion LP LLC | Saguaro Power LLC
Indian River Operations Inc. | NRG International LLC | Somerset Operations Inc.
Indian River Power LLC | NRG Maintenance Services LLC | Somerset Power LLC
Meriden Gas Turbines LLC | NRG Mextrans Inc. | Texas Genco GP, LLC
Middletown Power LLC | NRG MidAtlantic Affiliate Services Inc. | Texas Genco Holdings, Inc.
Montville Power LLC | NRG Middletown Operations Inc. | Texas Genco LP, LLC
NEO Corporation | NRG Montville Operations Inc. | Texas Genco Services, LP
New Genco GP, LLC | NRG North Central Operations Inc. | US Retailers LLC
Norwalk Power LLC | NRG Northeast Affiliate Services Inc. | Vienna Operations Inc.
NRG Advisory Services LLC | NRG Norwalk Harbor Operations Inc. | Vienna Power LLC
NRG Affiliate Services Inc. | NRG Operating Services, Inc. | WCP (Generation) Holdings LLC
NRG Arthur Kill Operations Inc. | NRG Oswego Harbor Power Operations Inc. | West Coast Power LLC
NRG Astoria Gas Turbine Operations Inc. |  |
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. There are no restrictions on the ability of any of the guarantor subsidiaries to transfer funds to NRG. However, 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 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. NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the three months ended March 31, 2019 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
| (In millions)
Operating Revenues |  |  |  |  |  |  |  |  |
Total operating revenues | $ | 1,769 |  |  | $ | 395 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2,165 |
Operating Costs and Expenses |  |  |  |  |  |  |  |  |
Cost of operations | 1,358 |  |  | 283 |  |  | 9 |  |  | 1 |  |  | 1,651 |
Depreciation and amortization | 54 |  |  | 23 |  |  | 8 |  |  | — |  |  | 85 |
Selling, general and administrative | 122 |  |  | 16 |  |  | 56 |  |  | — |  |  | 194 |
Reorganization costs | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Development costs | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total operating costs and expenses | 1,534 |  |  | 322 |  |  | 88 |  |  | 1 |  |  | 1,945 |
Gain on sale of assets | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Operating Income/(Loss) | 236 |  |  | 73 |  |  | (88 | ) |  | — |  |  | 221 |
Other Income/(Expense) |  |  |  |  |  |  |  |  |
Equity in earnings of consolidated subsidiaries | 10 |  |  | — |  |  | 299 |  |  | (309 | ) |  | — |
Equity in losses of unconsolidated affiliates | — |  |  | (21 | ) |  | — |  |  | — |  |  | (21 | )
Other income, net | 4 |  |  | 1 |  |  | 7 |  |  | — |  |  | 12 |
Interest expense | (4 | ) |  | (4 | ) |  | (106 | ) |  | — |  |  | (114 | )
Total other income/(expense) | 10 |  |  | (24 | ) |  | 200 |  |  | (309 | ) |  | (123 | )
Income from Continuing Operations Before Income Taxes | 246 |  |  | 49 |  |  | 112 |  |  | (309 | ) |  | 98 |
Income tax expense | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Income from Continuing Operations | 246 |  |  | 49 |  |  | 108 |  |  | (309 | ) |  | 94 |
Income from discontinued operations, net of income tax | 9 |  |  | 5 |  |  | 374 |  |  | — |  |  | 388 |
Net Income Attributable to NRG Energy, Inc. | $ | 255 |  |  | $ | 54 |  |  | $ | 482 |  |  | $ | (309 | ) |  | $ | 482 |
(a) | All significant intercompany transactions have been eliminated in consolidation.
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the three months ended March 31, 2019 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
| (In millions)
Net Income | $ | 255 |  |  | $ | 54 |  |  | $ | 482 |  |  | $ | (309 | ) |  | $ | 482 |
Other Comprehensive Income/(Loss) |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments, net | 1 |  |  | 1 |  |  | 1 |  |  | (2 | ) |  | 1 |
Defined benefit plans, net | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Other comprehensive income/(loss) | 1 |  |  | 1 |  |  | (2 | ) |  | (2 | ) |  | (2 | )
Comprehensive Income Attributable to NRG Energy, Inc. | $ | 256 |  |  | $ | 55 |  |  | $ | 480 |  |  | $ | (311 | ) |  | $ | 480 |
(a) | All significant intercompany transactions have been eliminated in consolidation.
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2019 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
ASSETS | (In millions)
Current Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 27 |  |  | $ | 832 |  |  | $ | — |  |  | $ | 859 |
Funds deposited by counterparties | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Restricted cash | 12 |  |  | 3 |  |  | — |  |  | — |  |  | 15 |
Accounts receivable, net | 1,228 |  |  | 199 |  |  | 159 |  |  | (688 | ) |  | 898 |
Inventory | 277 |  |  | 114 |  |  | — |  |  | — |  |  | 391 |
Derivative instruments | 610 |  |  | 21 |  |  | 15 |  |  | (35 | ) |  | 611 |
Cash collateral paid in support of energy risk management activities | 367 |  |  | 21 |  |  | — |  |  | — |  |  | 388 |
Prepayments and other current assets | 192 |  |  | 11 |  |  | 82 |  |  | — |  |  | 285 |
Total current assets | 2,697 |  |  | 396 |  |  | 1,088 |  |  | (723 | ) |  | 3,458 |
Property, plant and equipment, net | 1,512 |  |  | 987 |  |  | 151 |  |  | — |  |  | 2,650 |
Other Assets |  |  |  |  |  |  |  |  |
Investment in subsidiaries | 477 |  |  | — |  |  | 3,765 |  |  | (4,242 | ) |  | — |
Equity investments in affiliates | — |  |  | 387 |  |  | — |  |  | — |  |  | 387 |
Operating lease right-of-use assets, net | 95 |  |  | 289 |  |  | 133 |  |  | — |  |  | 517 |
Goodwill | 360 |  |  | 213 |  |  | — |  |  | — |  |  | 573 |
Intangible assets, net | 414 |  |  | 166 |  |  | — |  |  | — |  |  | 580 |
Nuclear decommissioning trust fund | 718 |  |  | — |  |  | — |  |  | — |  |  | 718 |
Derivative instruments | 334 |  |  | 8 |  |  | 14 |  |  | (9 | ) |  | 347 |
Deferred income tax | 6 |  |  | (145 | ) |  | 184 |  |  | — |  |  | 45 |
Other non-current assets | 143 |  |  | 30 |  |  | 94 |  |  | (12 | ) |  | 255 |
Total other assets | 2,547 |  |  | 948 |  |  | 4,190 |  |  | (4,263 | ) |  | 3,422 |
Total Assets | $ | 6,756 |  |  | $ | 2,331 |  |  | $ | 5,429 |  |  | $ | (4,986 | ) |  | $ | 9,530 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |  |
Current portion of long-term debt and capital leases | $ | — |  |  | $ | 108 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 124 |
Current portion of operating lease liabilities | 23 |  |  | 30 |  |  | 21 |  |  | — |  |  | 74 |
Accounts payable | 1,515 |  |  | (218 | ) |  | 88 |  |  | (688 | ) |  | 697 |
Derivative instruments | 505 |  |  | 19 |  |  | — |  |  | (35 | ) |  | 489 |
Cash collateral received in support of energy risk management activities | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Accrued expenses and other current liabilities | 244 |  |  | 57 |  |  | 249 |  |  | — |  |  | 550 |
Total current liabilities | 2,298 |  |  | (4 | ) |  | 374 |  |  | (723 | ) |  | 1,945 |
Other Liabilities |  |  |  |  |  |  |  |  |
Long-term debt and capital leases | 245 |  |  | 112 |  |  | 6,021 |  |  | (12 | ) |  | 6,366 |
Non-current operating lease liabilities | 77 |  |  | 320 |  |  | 132 |  |  | — |  |  | 529 |
Nuclear decommissioning reserve | 286 |  |  | — |  |  | — |  |  | — |  |  | 286 |
Nuclear decommissioning trust liability | 423 |  |  | — |  |  | — |  |  | — |  |  | 423 |
Derivative instruments | 354 |  |  | 5 |  |  | — |  |  | (9 | ) |  | 350 |
Deferred income taxes | 112 |  |  | 60 |  |  | (110 | ) |  | — |  |  | 62 |
Other non-current liabilities | 408 |  |  | 149 |  |  | 532 |  |  | — |  |  | 1,089 |
Total other liabilities | 1,905 |  |  | 646 |  |  | 6,575 |  |  | (21 | ) |  | 9,105 |
Total Liabilities | 4,203 |  |  | 642 |  |  | 6,949 |  |  | (744 | ) |  | 11,050 |
Redeemable noncontrolling interest in subsidiaries | — |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Stockholders’ Equity | 2,553 |  |  | 1,671 |  |  | (1,520 | ) |  | (4,242 | ) |  | (1,538 | )
Total Liabilities and Stockholders’ Equity | $ | 6,756 |  |  | $ | 2,331 |  |  | $ | 5,429 |  |  | $ | (4,986 | ) |  | $ | 9,530 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the three months ended March 31, 2019 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
| (In millions)
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net income | $ | 255 |  |  | $ | 54 |  |  | $ | 482 |  |  | $ | (309 | ) |  | $ | 482 |
Income from discontinued operations | 9 |  |  | 5 |  |  | 374 |  |  | — |  |  | 388 |
Net income from continuing operations | 246 |  |  | 49 |  |  | 108 |  |  | (309 | ) |  | 94 |
Adjustments to reconcile net income to net cash provided/(used) by operating activities: |  |  |  |  |  |  |  |  |
Equity in losses of unconsolidated affiliates | — |  |  | 21 |  |  | — |  |  | — |  |  | 21 |
Depreciation, amortization and accretion | 59 |  |  | 25 |  |  | 8 |  |  | — |  |  | 92 |
Provision for bad debts | 23 |  |  | 3 |  |  | — |  |  | — |  |  | 26 |
Amortization of nuclear fuel | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Amortization of financing costs and debt discount/premiums | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Amortization of intangibles | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Amortization of unearned equity compensation | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Loss on sale of assets | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Changes in derivative instruments | (29 | ) |  | 5 |  |  | 9 |  |  | — |  |  | (15 | )
Changes in deferred income taxes and liability for uncertain tax benefits | — |  |  | 1 |  |  | (3 | ) |  | — |  |  | (2 | )
Changes in collateral deposits in support of energy risk management activities | (114 | ) |  | (9 | ) |  | — |  |  | — |  |  | (123 | )
Changes in nuclear decommissioning trust liability | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Changes in other working capital | (221 | ) |  | (137 | ) |  | (221 | ) |  | 309 |  |  | (270 | )
Cash used by continuing operations | (8 | ) |  | (42 | ) |  | (85 | ) |  | — |  |  | (135 | )
Cash provided/(used) by discontinued operations | 17 |  |  | (9 | ) |  | — |  |  | — |  |  | 8 |
Net Cash Provided/(Used) by Operating Activities | 9 |  |  | (51 | ) |  | (85 | ) |  | — |  |  | (127 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |
Payments for acquisitions of businesses | (16 | ) |  | — |  |  | — |  |  | — |  |  | (16 | )
Capital expenditures | (36 | ) |  | (6 | ) |  | (7 | ) |  | — |  |  | (49 | )
Investments in nuclear decommissioning trust fund securities | (122 | ) |  | — |  |  | — |  |  | — |  |  | (122 | )
Proceeds from the sale of nuclear decommissioning trust fund securities | 113 |  |  | — |  |  | — |  |  | — |  |  | 113 |
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees | 1 |  |  | 404 |  |  | 908 |  |  | — |  |  | 1,313 |
Changes in investments in unconsolidated affiliates | — |  |  | 4 |  |  | — |  |  | — |  |  | 4 |
Contributions to discontinued operations | — |  |  | (44 | ) |  | — |  |  | — |  |  | (44 | )
Other | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Cash (used)/provided by continuing operations | (60 | ) |  | 358 |  |  | 900 |  |  | — |  |  | 1,198 |
Cash used by discontinued operations | — |  |  | (2 | ) |  | — |  |  | — |  |  | (2 | )
Net Cash (Used)/Provided by Investing Activities | (60 | ) |  | 356 |  |  | 900 |  |  | — |  |  | 1,196 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Payments (for)/from intercompany loans | (4 | ) |  | (290 | ) |  | 294 |  |  | — |  |  | — |
Payments of dividends to common stockholders | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Payments for treasury stock | — |  |  | — |  |  | (747 | ) |  | — |  |  | (747 | )
Distributions to noncontrolling interests from subsidiaries | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Proceeds from issuance of common stock | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Payments for long-term debt | — |  |  | (33 | ) |  | (4 | ) |  | — |  |  | (37 | )
Cash used by continuing operations | (4 | ) |  | (324 | ) |  | (463 | ) |  | — |  |  | (791 | )
Cash provided by discontinued operations | — |  |  | 43 |  |  | — |  |  | — |  |  | 43 |
Net Cash Used by Financing Activities | (4 | ) |  | (281 | ) |  | (463 | ) |  | — |  |  | (748 | )
Change in cash from discontinued operations | 17 |  |  | 32 |  |  | — |  |  | — |  |  | 49 |
Net (Decrease)/Increase in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash | (72 | ) |  | (8 | ) |  | 352 |  |  | — |  |  | 272 |
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period | 95 |  |  | 38 |  |  | 480 |  |  | — |  |  | 613 |
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period | $ | 23 |  |  | $ | 30 |  |  | $ | 832 |  |  | $ | — |  |  | $ | 885 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS For the three months ended March 31, 2018 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
| (In millions)
Operating Revenues |  |  |  |  |  |  |  |  |
Total operating revenues | $ | 1,744 |  |  | $ | 329 |  |  | $ | — |  |  | $ | (8 | ) |  | $ | 2,065 |
Operating Costs and Expenses |  |  |  |  |  |  |  |  |
Cost of operations | 1,155 |  |  | 224 |  |  | 14 |  |  | (8 | ) |  | 1,385 |
Depreciation and amortization | 60 |  |  | 52 |  |  | 8 |  |  | — |  |  | 120 |
Selling, general and administrative | 104 |  |  | 11 |  |  | 61 |  |  | — |  |  | 176 |
Reorganization costs | 2 |  |  | — |  |  | 18 |  |  | — |  |  | 20 |
Development costs | — |  |  | 1 |  |  | 4 |  |  | — |  |  | 5 |
Total operating costs and expenses | 1,321 |  |  | 288 |  |  | 105 |  |  | (8 | ) |  | 1,706 |
Gain/(loss) on sale of assets | 3 |  |  | (1 | ) |  | — |  |  | — |  |  | 2 |
Operating Income/(Loss) | 426 |  |  | 40 |  |  | (105 | ) |  | — |  |  | 361 |
Other Income/(Expense) |  |  |  |  |  |  |  |  |
Equity in earnings of consolidated subsidiaries | 1 |  |  | — |  |  | 332 |  |  | (333 | ) |  | — |
Equity in earnings/(losses) of unconsolidated affiliates | — |  |  | 2 |  |  | (1 | ) |  | — |  |  | 1 |
Other income/(loss), net | 5 |  |  | (7 | ) |  | 2 |  |  | — |  |  | — |
Loss on debt extinguishment, net | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Interest expense | (3 | ) |  | (21 | ) |  | (92 | ) |  | — |  |  | (116 | )
Total other income/(expense) | 3 |  |  | (26 | ) |  | 239 |  |  | (333 | ) |  | (117 | )
Income from Continuing Operations Before Income Taxes | 429 |  |  | 14 |  |  | 134 |  |  | (333 | ) |  | 244 |
Income tax expense/(benefit) | 113 |  |  | 55 |  |  | (162 | ) |  | — |  |  | 6 |
Income/(Loss) from Continuing Operations | 316 |  |  | (41 | ) |  | 296 |  |  | (333 | ) |  | 238 |
Income/(loss) from discontinued operations, net of income tax | 15 |  |  | (20 | ) |  | — |  |  | — |  |  | (5 | )
Net Income/(Loss) | 331 |  |  | (61 | ) |  | 296 |  |  | (333 | ) |  | 233 |
Less: Net (loss)/income attributable to noncontrolling interest and redeemable noncontrolling interest | — |  |  | (63 | ) |  | 17 |  |  | — |  |  | (46 | )
Net Income Attributable to NRG Energy, Inc. | $ | 331 |  |  | $ | 2 |  |  | $ | 279 |  |  | $ | (333 | ) |  | $ | 279 |
(a) | All significant intercompany transactions have been eliminated in consolidation
NRG ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) For the three months ended March 31, 2018 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
| (In millions)
Net Income/(Loss) | $ | 331 |  |  | $ | (61 | ) |  | $ | 296 |  |  | $ | (333 | ) |  | $ | 233 |
Other Comprehensive (Loss)/Income |  |  |  |  |  |  |  |  |
Unrealized gain on derivatives, net | — |  |  | 16 |  |  | 15 |  |  | (17 | ) |  | 14 |
Foreign currency translation adjustments, net | (2 | ) |  | (2 | ) |  | (3 | ) |  | 5 |  |  | (2 | )
Defined benefit plans, net | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Other comprehensive (loss)/income | (2 | ) |  | 14 |  |  | 11 |  |  | (12 | ) |  | 11 |
Comprehensive Income/(Loss) | 329 |  |  | (47 | ) |  | 307 |  |  | (345 | ) |  | 244 |
Less: Comprehensive (loss)/income attributable to noncontrolling interest and redeemable noncontrolling interest | — |  |  | (46 | ) |  | 24 |  |  | (16 | ) |  | (38 | )
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc. | $ | 329 |  |  | $ | (1 | ) |  | $ | 283 |  |  | $ | (329 | ) |  | $ | 282 |
(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. (Note Issuer) |  | Eliminations(a) |  | Consolidated
ASSETS | (In millions)
Current Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 55 |  |  | $ | 28 |  |  | $ | 480 |  |  | $ | — |  |  | $ | 563 |
Funds deposited by counterparties | 33 |  |  | — |  |  | — |  |  | — |  |  | 33 |
Restricted cash | 7 |  |  | 10 |  |  | — |  |  | — |  |  | 17 |
Accounts receivable, net | 1,354 |  |  | 115 |  |  | 309 |  |  | (754 | ) |  | 1,024 |
Inventory | 278 |  |  | 134 |  |  | — |  |  | — |  |  | 412 |
Derivative instruments | 779 |  |  | 50 |  |  | 16 |  |  | (81 | ) |  | 764 |
Cash collateral paid in support of energy risk management activities | 275 |  |  | 12 |  |  | — |  |  | — |  |  | 287 |
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 | 1,368 |  |  | (185 | ) |  | 434 |  |  | (754 | ) |  | 863 |
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 |
Derivative instruments | 306 |  |  | 3 |  |  | — |  |  | (5 | ) |  | 304 |
Deferred income taxes | 112 |  |  | 61 |  |  | (108 | ) |  | — |  |  | 65 |
Other non-current liabilities | 402 |  |  | 320 |  |  | 552 |  |  | — |  |  | 1,274 |
Non-current liabilities - held-for-sale | — |  |  | 65 |  |  | — |  |  | — |  |  | 65 |
Non-current liabilities - discontinued operations | 58 |  |  | 577 |  |  | — |  |  | — |  |  | 635 |
Total other 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 three months ended March 31, 2018 (Unaudited)
| Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | NRG Energy, Inc. (Note Issuer) |  | Eliminations(a) |  | Consolidated
| (In millions)
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net income/(loss) | $ | 331 |  |  | $ | (61 | ) |  | $ | 296 |  |  | $ | (333 | ) |  | $ | 233 |
Income/(loss) from discontinued operations | 15 |  |  | (20 | ) |  | — |  |  | — |  |  | (5 | )
Net income/(loss) from continuing operations | 316 |  |  | (41 | ) |  | 296 |  |  | (333 | ) |  | 238 |
Adjustments to reconcile net income to net cash provided/(used) by operating activities: |  |  |  |  |  |  |  |  |
Distributions and equity in earnings of unconsolidated affiliates | — |  |  | (2 | ) |  | 1 |  |  | — |  |  | (1 | )
Depreciation, amortization and accretion | 67 |  |  | 56 |  |  | 8 |  |  | — |  |  | 131 |
Provision for bad debts | 15 |  |  | — |  |  | — |  |  | — |  |  | 15 |
Amortization of nuclear fuel | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Amortization of financing costs and debt discount/premiums | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Adjustment for debt extinguishment | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Amortization of intangibles and out-of-market contracts | 7 |  |  | 2 |  |  | — |  |  | — |  |  | 9 |
Amortization of unearned equity compensation | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
(Gain)/loss on sale of assets | (11 | ) |  | 1 |  |  | — |  |  | — |  |  | (10 | )
Changes in derivative instruments | (203 | ) |  | 2 |  |  | 15 |  |  | (17 | ) |  | (203 | )
Changes in deferred income taxes and liability for uncertain tax benefits | 113 |  |  | 29 |  |  | (143 | ) |  | — |  |  | (1 | )
Changes in collateral deposits in support of energy risk management activities | 162 |  |  | 1 |  |  | — |  |  | — |  |  | 163 |
Changes in nuclear decommissioning trust liability | 34 |  |  | — |  |  | — |  |  | — |  |  | 34 |
Changes in other working capital | 277 |  |  | (339 | ) |  | (444 | ) |  | 350 |  |  | (156 | )
Cash provided/(used) by continuing operations | 790 |  |  | (291 | ) |  | (253 | ) |  | — |  |  | 246 |
Cash provided by discontinued operations | 32 |  |  | 72 |  |  | — |  |  | — |  |  | 104 |
Net Cash Provided/(Used) by Operating Activities | 822 |  |  | (219 | ) |  | (253 | ) |  | — |  |  | 350 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |
Payments for acquisitions of businesses | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Capital expenditures | (60 | ) |  | (74 | ) |  | (21 | ) |  | — |  |  | (155 | )
Proceeds from sale of emission allowances, net of purchases | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Investments in nuclear decommissioning trust fund securities | (216 | ) |  | — |  |  | — |  |  | — |  |  | (216 | )
Proceeds from the sale of nuclear decommissioning trust fund securities | 182 |  |  | — |  |  | — |  |  | — |  |  | 182 |
Proceeds from sale of assets, net of cash disposed of | 11 |  |  | — |  |  | 42 |  |  | — |  |  | 53 |
Change in investments in unconsolidated affiliates | — |  |  | (8 | ) |  | — |  |  | — |  |  | (8 | )
Distributions to discontinued operations | — |  |  | (29 | ) |  | — |  |  | — |  |  | (29 | )
Cash (used)/provided by continuing operations | (79 | ) |  | (111 | ) |  | 21 |  |  | — |  |  | (169 | )
Cash used by discontinued operations | (1 | ) |  | (290 | ) |  | — |  |  | — |  |  | (291 | )
Net Cash (Used)/Provided by Investing Activities | (80 | ) |  | (401 | ) |  | 21 |  |  | — |  |  | (460 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |
Payments (for)/from intercompany loans | (481 | ) |  | 417 |  |  | 64 |  |  | — |  |  | — |
Payment of dividends to common stockholders | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Payments for treasury stock | — |  |  | — |  |  | (93 | ) |  | — |  |  | (93 | )
Distributions to noncontrolling interests from subsidiaries | — |  |  | (10 | ) |  | — |  |  | — |  |  | (10 | )
Proceeds from issuance of common stock | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Payment of debt issuance costs | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Payments for long-term debt | — |  |  | (34 | ) |  | (5 | ) |  | — |  |  | (39 | )
Cash (used)/provided by continuing operations | (481 | ) |  | 373 |  |  | (39 | ) |  | — |  |  | (147 | )
Cash provided by discontinued operations | — |  |  | 133 |  |  | — |  |  | — |  |  | 133 |
Net Cash (Used)/Provided by Financing Activities | (481 | ) |  | 506 |  |  | (39 | ) |  | — |  |  | (14 | )
Change in cash from discontinued operations | 31 |  |  | (85 | ) |  | — |  |  | — |  |  | (54 | )
Net Increase/(Decrease) in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash | 230 |  |  | (29 | ) |  | (271 | ) |  | — |  |  | (70 | )
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period | 41 |  |  | 425 |  |  | 620 |  |  | — |  |  | 1,086 |
Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period | $ | 271 |  |  | $ | 396 |  |  | $ | 349 |  |  | $ | — |  |  | $ | 1,016 |
(a) | All significant intercompany transactions have been eliminated in consolidation

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