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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues        
Total operating revenues $ 2,238 $ 2,465 $ 4,257 $ 4,630
Operating Costs and Expenses        
Cost of operations 1,434 1,845 2,891 3,496
Depreciation and amortization 110 85 219 170
Impairment losses 0 1 0 1
Selling, general and administrative costs 208 211 417 405
Reorganization costs 0 2 3 15
Development costs 2 2 5 4
Total operating costs and expenses 1,754 2,146 3,535 4,091
Gain on sale of assets 0 1 6 2
Operating Income/(Loss) 484 320 728 541
Other Income/(Expense)        
Equity in earnings/(losses) of unconsolidated affiliates 12 0 1 (21)
Impairment losses on investments 0 0 (18) 0
Other income, net 14 20 41 32
Loss on debt extinguishment, net 0 (47) (1) (47)
Interest expense (96) (105) (193) (219)
Total other income/(expense) (70) (132) (170) (255)
Income from Continuing Operations Before Income Taxes 414 188 558 286
Income tax expense/(benefit) 101 (1) 124 3
Income from Continuing Operations 313 189 434 283
Income from discontinued operations, net of income tax 0 13 0 401
Net Income 313 202 434 684
Less: Net income attributable to redeemable noncontrolling interests 0 1 0 1
Net Income Attributable to NRG Energy, Inc. $ 313 $ 201 $ 434 $ 683
Earnings per Share        
Weighted average number of common shares outstanding — basic (in shares) 245 265 246 272
Income from continuing operations per weighted average common share — basic (in usd per share) $ 1.28 $ 0.71 $ 1.76 $ 1.04
(Loss)/income from discontinued operations per weighted average common share — basic (in usd per share) 0 0.05 0 1.47
Earnings/Loss per Weighted Average Common Share — Basic (in usd per share) $ 1.28 $ 0.76 $ 1.76 $ 2.51
Weighted average number of common shares outstanding — diluted (in shares) 246 267 247 274
Income from continuing operations per weighted average common share — diluted (in usd per share) $ 1.27 $ 0.70 $ 1.76 $ 1.03
(Loss)/income from discontinued operations per weighted average common share — diluted (in usd per share) 0 0.05 0 1.46
Earnings/(Loss) per Weighted Average Common Share — Diluted (in usd per share) $ 1.27 $ 0.75 $ 1.76 $ 2.49