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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Total operating revenues $ 2,809 $ 2,996 $ 7,066 $ 7,626
Operating Costs and Expenses        
Cost of operations 2,034 2,153 4,925 5,649
Depreciation and amortization 99 91 318 261
Impairment losses 29 0 29 1
Selling, general and administrative costs 253 210 670 615
Reorganization costs 0 1 3 16
Development costs 1 1 6 5
Total operating costs and expenses 2,416 2,456 5,951 6,547
Gain on sale of assets 0 0 6 2
Operating Income/(Loss) 393 540 1,121 1,081
Other Income/(Expense)        
Equity in earnings of unconsolidated affiliates 36 29 37 8
Impairment losses on investments 0 (107) (18) (107)
Other income, net 11 17 52 49
Loss on debt extinguishment, net 0 0 (1) (47)
Interest expense (99) (99) (292) (318)
Total other income/(expense) (52) (160) (222) (415)
Income from Continuing Operations Before Income Taxes 341 380 899 666
Income tax expense 92 6 216 9
Income from Continuing Operations 249 374 683 657
(Loss)/income from discontinued operations, net of income tax 0 (2) 0 399
Net Income 249 372 683 1,056
Less: Net income attributable to redeemable noncontrolling interests 0 0 0 1
Net Income Attributable to NRG Energy, Inc. $ 249 $ 372 $ 683 $ 1,055
Earnings per Share        
Weighted average number of common shares outstanding — basic (in shares) 244 254 246 266
Income from continuing operations per weighted average common share — basic (in usd per share) $ 1.02 $ 1.47 $ 2.78 $ 2.47
(Loss)/income from discontinued operations per weighted average common share — basic (in usd per share) 0 (0.01) 0 1.50
Earnings per Weighted Average Common Share — Basic (in usd per share) $ 1.02 $ 1.46 $ 2.78 $ 3.97
Weighted average number of common shares outstanding — diluted (in shares) 245 256 247 268
Income from continuing operations per weighted average common share — diluted (in usd per share) $ 1.02 $ 1.46 $ 2.77 $ 2.45
(Loss)/income from discontinued operations per weighted average common share — diluted (in usd per share) 0 (0.01) 0 1.49
Earnings per Weighted Average Common Share — Diluted (in usd per share) $ 1.02 $ 1.45 $ 2.77 $ 3.94