XML 35 R26.htm IDEA: XBRL DOCUMENT v3.20.1

Segment Reporting

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

As of December 31, 2019, the Company's reportable segments were Generation, Retail and Corporate. Retail included Mass market and C&I customers, as well as other distributed and reliability products. Generation included all power plant activities, as well as renewables. The Company began managing its integrated model based on the combined results of the retail and wholesale generation businesses with a geographical focus in 2020. As a result, the Company changed its business segments to Texas, East and West/Other beginning in the first quarter of 2020. The Company's updated segment structure reflects how management currently makes financial decisions and allocates resources. All affected disclosures presented herein have been recast to reflect these changes for all periods presented. For further discussion, refer to Note 1, Nature of Business.

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.

On February 4, 2019, the Company completed the sale and deconsolidation of South Central Portfolio. On August 31, 2018, NRG deconsolidated NRG Yield Inc., its Renewables Platform and Carlsbad for financial reporting purposes. In 2018, the financial information for historical periods was recast to reflect the presentation of discontinued operations within the corporate segment. Refer to Note 4, Acquisitions, Discontinued Operations and Dispositions, for further discussion.

The Company had no customer that comprised more than 10% of the Company's consolidated revenues during the years ended December 31, 2019 and 2017. The company had one customer in the Texas segment that comprised 11% of the Company's consolidated revenues during the year ended December 31, 2018.

Intersegment sales are accounted for at market.

			For the Year Ended December 31, 2019
(In millions)			Texas						East						West/Other						Corporate(a)						Eliminations						Total
Operating revenues(a)			$	7,069					$	2,319					$	440					$	—					$	(7)					$	9,821
Operating expenses			5,818						1,895						397						50						(7)						8,153
Depreciation and amortization			188						121						33						31						—						373
Impairment losses			1						—						4						—						—						5
Development costs			3						3						1						—						—						7
Total operating cost and expenses			6,010						2,019						435						81						(7)						8,538
Gain on sale of assets			—						1						—						6						—						7
Operating income/(loss)			1,059						301						5						(75)						—						1,290
Equity in (losses)/earnings of unconsolidated affiliates			(4)						—						6						—						—						2
Impairment losses on investments			(103)						—						—						(5)						—						(108)
Other income, net			20						6						10						30						—						66
Loss on debt extinguishment			—						—						(3)						(48)						—						(51)
Interest expense			—						(18)						(10)						(385)						—						(413)
Income/(loss) from continuing operations before income taxes			972						289						8						(483)						—						786
Income tax expense/(benefit)			—						2						1						(3,337)						—						(3,334)
Net income from continuing operations			972						287						7						2,854						—						4,120
Gain from discontinued operations, net of income tax			—						—						—						321						—						321
Net Income			972						287						7						3,175						—						4,441
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests			—						—						3						—						—						3
Net income attributable to NRG Energy, Inc.			$	972					$	287					$	4					$	3,175					$	—					$	4,438
Balance sheet
Equity investments in affiliates			$	6					$	—					$	382					$	—					$	—					$	388
Capital expenditures			136						30						25						37						—						228
Goodwill(b)			325						254						—						—						—						579
Total assets			$	5,711					$	2,160					$	1,190					$	8,342					$	(4,872)					$	12,531

(a) Inter-segment sales and inter-segment net derivative gains and losses included in operating revenues			$	1					$	8					$	(2)					$	—					$	—					$	7
(b) Goodwill was allocated based on the regions in which the business operates and are expected to benefit using a relative fair value approach

			For the Year Ended December 31, 2018
(In millions)			Texas						East						West/Other						Corporate(a)						Eliminations						Total
Operating revenues(a)			$	6,401					$	2,371					$	724					$	—					$	(18)					$	9,478
Operating expenses			5,399						2,024						467						125						(18)						7,997
Depreciation and amortization			156						105						127						33						—						421
Impairment losses			5						82						12						—						—						99
Development costs			3						3						3						2						—						11
Total operating cost and expenses			5,563						2,214						609						160						(18)						8,528
Gain on sale of assets			4						—						(2)						30						—						32
Operating income/(loss)			842						157						113						(130)						—						982
Equity in (losses)/earnings of unconsolidated affiliates			(3)						—						13						(1)						—						9
Impairment losses on investments			(15)						—						—						—						—						(15)
Other income/(loss), net			13						2						4						(1)						—						18
Loss on debt extinguishment			—						—						—						(44)						—						(44)
Interest expense			—						(22)						(39)						(422)						—						(483)
Income/(loss) from continuing operations before income taxes			837						137						91						(598)						—						467
Income tax expense			—						1						—						6						—						7
Net income/(loss) from continuing operations			837						136						91						(604)						—						460
Loss from discontinued operations, net of income tax			—						—						—						(192)						—						(192)
Net Income/(loss)			837						136						91						(796)						—						268
Less: Net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interests			—						—						5						(5)						—						—
Net income/(loss) attributable to NRG Energy, Inc.			$	837					$	136					$	86					$	(791)					$	—					$	268
Balance sheet
Equity investments in affiliates			$	6					$	—					406						$	—					$	—					$	412
Capital expenditures			143						171						29						45						—						388
Goodwill(b)			320						253						—						—						—						573
Total assets			$	5,357					$	2,187					$	1,548					$	6,631					$	(5,095)					$	10,628

(a) Inter-segment sales and inter-segment net derivative gains and losses included in operating revenues			$	19					$	(5)					4						$	—					$	—					$	18
(b) Goodwill was allocated based on the regions in which the business operates and are expected to benefit using a relative fair value approach

			For the Year Ended December 31, 2017
(In millions)			Texas						East						West/Other						Corporate(a)						Eliminations						Total
Operating revenues(a)			$	6,318					$	2,009					$	788					$	6					$	(47)					$	9,074
Operating expenses			5,393						1,684						498						239						(48)						7,766
Depreciation and amortization			258						112						194						35						(3)						596
Impairment losses			1,317						106						111						—						—						1,534
Development costs			4						6						6						6						—						22
Total operating costs and expenses			6,972						1,908						809						280						(51)						9,918
Other income - affiliate			—						—						—						87						—						87
Gain/(loss) on sale of assets			5						15						(5)						1						—						16
Operating (loss)/income			(649)						116						(26)						(186)						4						(741)
Equity in (losses)/earnings of unconsolidated affiliates			(22)						—						10						(2)						—						(14)
Impairment losses on investments			(69)						—						(6)						(4)						—						(79)
Other (expense)/income, net			(2)						4						22						27						—						51
Loss on debt extinguishment			—						—						—						(49)						—						(49)
Interest expense			—						(29)						(77)						(451)						—						(557)
(Loss)/income from continuing operations before income taxes			(742)						91						(77)						(665)						4						(1,389)
Income tax benefit			—						—						(6)						(38)						—						(44)
Net (loss)/income from continuing operations			(742)						91						(71)						(627)						4						(1,345)
Loss from discontinued operations, net of income tax			—						—						—						(992)						—						(992)
Net (loss)/income			(742)						91						(71)						(1,619)						4						(2,337)
Less: Net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interests			—						—						1						(189)						4						(184)
Net (loss)/income attributable to NRG Energy, Inc.			$	(742)					$	91					$	(72)					$	(1,430)					$	—					$	(2,153)

(a) Inter-segment sales and inter-segment net derivative gains and losses included in operating revenues $ 41  $ 1  (4) $ 9  $ —  $ 47 

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