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Condensed Consolidating Financial Information

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Financial Information

Condensed Consolidating Financial Information

As of December 31, 2019, the Company had outstanding $4.4 billion of Senior Notes due 2026 to 2048 and outstanding $1.1 billion of Senior Secured First Lien Notes due from 2024 to 2029, as shown in Note 13, Debt and Finance Leases. These Senior Notes and Senior Secured First Lien 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 and Senior Secured First Lien Notes as of December 31, 2019:

Ace Energy, Inc.			NRG Astoria Gas Turbine Operations Inc.			NRG Oswego Harbor Power Operations Inc.
Allied Home Warranty GP LLC			NRG Business Services LLC			NRG PacGen Inc.
Allied Warranty LLC			NRG Cabrillo Power Operations Inc.			NRG Portable Power LLC
Arthur Kill Power LLC			NRG California Peaker Operations LLC			NRG Power Marketing LLC
Astoria Gas Turbine Power LLC			NRG Cedar Bayou Development Company, LLC			NRG Reliability Solutions LLC
BidURenergy, Inc.			NRG Connected Home LLC			NRG Renter's Protection LLC
Cabrillo Power I LLC			NRG Connecticut Affiliate Services Inc.			NRG Retail LLC
Cabrillo Power II LLC			NRG Construction LLC			NRG Retail Northeast LLC
Carbon Management Solutions LLC			NRG Curtailment Solutions, Inc			NRG Rockford Acquisition LLC
Cirro Group, Inc.			NRG Development Company Inc.			NRG Saguaro Operations Inc.
Cirro Energy Services, Inc.			NRG Devon Operations Inc.			NRG Security LLC
Connecticut Jet Power LLC			NRG Dispatch Services LLC			NRG Services Corporation
Devon Power LLC			NRG Distributed Energy Resources Holdings LLC			NRG SimplySmart Solutions LLC
Dunkirk Power LLC			NRG Distributed Generation PR LLC			NRG South Central Affiliate Services Inc.
Eastern Sierra Energy Company LLC			NRG Dunkirk Operations Inc.			NRG South Central Operations Inc.
El Segundo Power, LLC			NRG ECOKAP Holdings LLC			NRG South Texas LP
El Segundo Power II LLC			NRG El Segundo Operations Inc.			NRG Texas Gregory LLC
Energy Alternatives Wholesale, LLC			NRG Energy Labor Services LLC			NRG Texas Holding Inc.
Energy Choice Solutions LLC			NRG Energy Services Group LLC			NRG Texas LLC
Energy Plus Holdings LLC			NRG Energy Services International Inc.			NRG Texas Power LLC
Energy Plus Natural Gas LLC			NRG Energy Services LLC			NRG Warranty Services LLC
Energy Protection Insurance Company			NRG Generation Holdings, Inc.			NRG West Coast LLC
Everything Energy LLC			NRG Greenco LLC			NRG Western Affiliate Services Inc.
Forward Home Security, LLC			NRG Home & Business Solutions LLC			O'Brien Cogeneration, Inc. II
GCP Funding Company, LLC			NRG Home Services LLC			Oswego Harbor Power LLC
Green Mountain Energy Company			NRG Home Solutions LLC			Reliant Energy Northeast LLC
Gregory Partners, LLC			NRG Home Solutions Product LLC			Reliant Energy Power Supply, LLC
Gregory Power Partners LLC			NRG Homer City Services LLC			Reliant Energy Retail Holdings, LLC
Huntley Power LLC			NRG HQ DG LLC			Reliant Energy Retail Services, LLC
Independence Energy Alliance LLC			NRG Huntley Operations Inc.			RERH Holdings, LLC
Independence Energy Group LLC			NRG Identity Protect LLC			Saguaro Power LLC
Independence Energy Natural Gas LLC			NRG Ilion Limited Partnership			Somerset Operations Inc.
Indian River Operations Inc.			NRG Ilion LP LLC			Somerset Power LLC
Indian River Power LLC			NRG International LLC			Texas Genco GP, LLC
Meriden Gas Turbines LLC			NRG Maintenance Services LLC			Texas Genco Holdings, Inc.
Middletown Power LLC			NRG Mextrans Inc.			Texas Genco LP, LLC
Montville Power LLC			NRG MidAtlantic Affiliate Services Inc.			Texas Genco Services, LP
NEO Corporation			NRG Middletown Operations Inc.			US Retailers LLC
New Genco GP, LLC			NRG Montville Operations Inc.			Vienna Operations Inc.
Norwalk Power LLC			NRG North Central Operations Inc.			Vienna Power LLC
NRG Advisory Services LLC			NRG Northeast Affiliate Services Inc.			WCP (Generation) Holdings LLC
NRG Affiliate Services Inc.			NRG Norwalk Harbor Operations Inc.			West Coast Power LLC
NRG Arthur Kill Operations Inc.			NRG Operating Services, 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. In addition, 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's 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.

In addition, the condensed parent company financial statements are provided in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of NRG Energy, Inc.'s subsidiaries exceed 25 percent of the consolidated net assets of NRG Energy, Inc. These statements should be read in conjunction with the consolidated statements and notes thereto of NRG Energy, Inc. For a discussion of NRG Energy, Inc.'s long-term debt, see Note 13, Debt and Finance Leases, to the consolidated financial statements. For a discussion of NRG Energy, Inc.'s contingencies, see Note 23, Commitments and Contingencies, to the consolidated financial statements. For a discussion of NRG Energy, Inc.'s guarantees, see Note 27, Guarantees, to the consolidated financial statements.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2019

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations (a)						Consolidated Balance
Operating Revenues
Total operating revenues			$	8,041					$	1,791					$	—					$	(11)					$	9,821
Operating Costs and Expenses
Cost of operations			5,936						1,351						27						(11)						7,303
Depreciation and amortization			212						130						31						—						373
Impairment losses			1						4						—						—						5
Selling, general and administrative			466						83						278						—						827
Reorganization costs			—						—						23						—						23
Development costs			—						—						7						—						7
Total operating costs and expenses			6,615						1,568						366						(11)						8,538
Gain on sale of assets			1						—						6						—						7
Operating Income/(Loss)			1,427						223						(360)						—						1,290
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries			48						—						1,562						(1,610)						—
Equity in earnings of unconsolidated affiliates			—						2						—						—						2
Impairment losses on investments			—						(101)						(7)						—						(108)
Other income, net			23						12						31						—						66
Loss on debt extinguishment, net			—						(3)						(48)						—						(51)
Interest expense			(14)						(14)						(385)						—						(413)
Total other income/(expense)			57						(104)						1,153						(1,610)						(504)
Income from Continuing Operations Before Income Taxes			1,484						119						793						(1,610)						786
Income tax expense/(benefit)			—						4						(3,338)						—						(3,334)
Income from Continuing Operations			1,484						115						4,131						(1,610)						4,120
Income from discontinued operations, net of income tax			9						5						307						—						321
Net Income			1,493						120						4,438						(1,610)						4,441
Less: Net income attributable to redeemable noncontrolling interests			—						3						—						—						3
Net Income Attributable to NRG Energy, Inc.			$	1,493					$	117					$	4,438					$	(1,610)					$	4,438

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

For the Year Ended December 31, 2019

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations(a)						Consolidated Balance
Net Income			$	1,493					$	120					$	4,438					$	(1,610)					$	4,441
Other Comprehensive Loss, net of tax
Foreign currency translation adjustments, net			—						(1)						(1)						1						(1)
Available-for-sale securities, net			—						—						(19)						—						(19)
Defined benefit plan, net			(17)						—						(78)						17						(78)
Other comprehensive loss			(17)						(1)						(98)						18						(98)
Comprehensive Income			1,476						119						4,340						(1,592)						4,343
Less: Comprehensive income attributable to redeemable noncontrolling interests			—						3						—						—						3
Comprehensive Income Attributable to NRG Energy, Inc.			$	1,476					$	116					$	4,340					$	(1,592)					$	4,340

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2019

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc.						Eliminations (a)						Consolidated Balance
ASSETS
Current Assets
Cash and cash equivalents			$	—					$	20					$	325					$	—					$	345
Funds deposited by counterparties			32						—						—						—						32
Restricted cash			5						1						2						—						8
Accounts receivable, net			1,293						239						233						(740)						1,025
Inventory			272						111						—						—						383
Derivative instruments			856						45						—						(41)						860
Cash collateral posted in support of energy risk management activities			182						8						—						—						190
Prepayments and other current assets			170						8						67						—						245
Total current assets			2,810						432						627						(781)						3,088
Property, plant and equipment, net			1,483						952						158						—						2,593
Other Assets
Investment in subsidiaries			710						—						4,785						(5,495)						—
Equity investments in affiliates			—						388						—						—						388
Operating lease right-of-use assets, net			81						261						122						—						464
Goodwill			359						220						—						—						579
Intangible assets, net			375						414						—						—						789
Nuclear decommissioning trust fund			794						—						—						—						794
Derivative instruments			308						15						—						(13)						310
Deferred income taxes			421						(19)						2,884						—						3,286
Other non-current assets			145						30						65						—						240
Total other assets			3,193						1,309						7,856						(5,508)						6,850
Total Assets			$	7,486					$	2,693					$	8,641					$	(6,289)					$	12,531
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt			$	—					$	5					$	83					$	—					$	88
Current portion of operating lease liabilities			20						32						21						—						73
Accounts payable			918						141						403						(740)						722
Derivative instruments			797						25						—						(41)						781
Cash collateral received in support of energy risk management activities			32						—						—						—						32
Accrued expenses and other current liabilities			280						44						339						—						663
Total current liabilities			2,047						247						846						(781)						2,359
Other Liabilities
Long-term debt			302						28						5,473						—						5,803
Non-current operating lease liabilities			64						301						118						—						483
Nuclear decommissioning reserve			298						—						—						—						298
Nuclear decommissioning trust liability			487						—						—						—						487
Derivative instruments			334						1						—						(13)						322
Deferred income taxes			—						17						—						—						17
Other non-current liabilities			399						153						532						—						1,084
Total other liabilities			1,884						500						6,123						(13)						8,494
Total Liabilities			3,931						747						6,969						(794)						10,853
Redeemable noncontrolling interest in subsidiaries			—						20						—						—						20
Stockholders' Equity			3,555						1,926						1,672						(5,495)						1,658
Total Liabilities and Stockholders' Equity			$	7,486					$	2,693					$	8,641					$	(6,289)					$	12,531

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2019

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations(a)						Consolidated Balance
Cash Flows from Operating Activities
Net income			$	1,493					$	120					$	4,438					$	(1,610)					$	4,441
Income from discontinued operations			9						5						307						—						321
Net income from continuing operations			1,484						115						4,131						(1,610)						4,120
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions and equity in earnings of unconsolidated affiliates and consolidated subsidiaries			(48)						14						(1,562)						1,610						14
Depreciation and amortization			212						130						31						—						373
Accretion of asset retirement obligations			43						8						—						—						51
Provision for bad debts			78						17						—						—						95
Amortization of nuclear fuel			52						—						—						—						52
Amortization of financing costs and debt discount/premiums			—						—						26						—						26
Adjustment for debt extinguishment			—						3						48						—						51
Amortization of emission allowances			24						14						—						—						38
Amortization of unearned equity compensation			—						—						20						—						20
Net gain on sale and disposal of assets			(20)						—						(3)						—						(23)
Impairment losses			1						105						7						—						113
Changes in derivative instruments			20						(24)						38						—						34
Changes in deferred income taxes and liability for uncertain tax benefits			(525)						(168)						(2,660)						—						(3,353)
Changes in collateral deposits in support of energy risk management activities			101						4						—						—						105
Changes in nuclear decommissioning trust liability			37						—						—						—						37
Changes in other working capital			(220)						(118)						(10)						—						(348)
Cash provided by continuing operations			1,239						100						66						—						1,405
Cash provided/(used) by discontinued operations			17						(9)						—						—						8
Net Cash Provided by Operating Activities			1,256						91						66						—						1,413
Cash Flows from Investing Activities
Intercompany dividends			—						—						2,513						(2,513)						—
Payments for acquisitions of businesses			(355)						—						—						—						(355)
Capital expenditures			(164)						(27)						(37)						—						(228)
Net proceeds from sale of emission allowances			11						—						—						—						11
Investments in nuclear decommissioning trust fund securities			(416)						—						—						—						(416)
Proceeds from sales of nuclear decommissioning trust fund securities			381						—						—						—						381
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees			1						400						893						—						1,294
Changes in investments in unconsolidated affiliates			—						(91)						—						—						(91)
Net contributions to discontinued operations			—						(44)						—						—						(44)
Other			—						—						6						—						6
Cash (used)/provided by continuing operations			(542)						238						3,375						(2,513)						558
Cash used by discontinued operations			—						(2)						—						—						(2)
Net Cash (Used)/Provided by Investing Activities			(542)						236						3,375						(2,513)						556
Cash Flows from Financing Activities
Intercompany dividends and transfers			(751)						(214)						(1,548)						2,513						—
Payments of dividends to common stockholders			—						—						(32)						—						(32)
Payments for share repurchase activity			—						—						(1,440)						—						(1,440)
Payments for debt extinguishment costs			—						—						(26)						—						(26)
Net distributions to redeemable noncontrolling interests from subsidiaries			—						(2)						—						—						(2)
Proceeds from issuance of common stock			—						—						3						—						3
Proceeds from issuance of long-term debt			—						—						1,916						—						1,916
Payments of debt issuance costs			—						—						(35)						—						(35)
Payments for short and long-term debt			—						(139)						(2,432)						—						(2,571)
Other			(4)						—						—						—						(4)
Cash used by continuing operations			(755)						(355)						(3,594)						2,513						(2,191)
Cash provided by discontinued operations			—						43						—						—						43
Net Cash Used by Financing Activities			(755)						(312)						(3,594)						2,513						(2,148)
Change in cash from discontinued operations			17						32						—						—						49
Net Decrease in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties			(58)						(17)						(153)						—						(228)
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period			95						38						480						—						613
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period			$	37					$	21					$	327					$	—					$	385

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2018

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations (a)						Consolidated Balance
Operating Revenues
Total operating revenues			$	8,119					$	1,385					$	—					$	(26)					$	9,478
Operating Costs and Expenses
Cost of operations			6,147						959						28						(26)						7,108
Depreciation and amortization			238						150						33						—						421
Impairment losses			6						93						—						—						99
Selling, general and administrative			462						63						348						(74)						799
Reorganization costs			4						—						86						—						90
Development costs			—						1						11						(1)						11
Total operating costs and expenses			6,857						1,266						506						(101)						8,528
Gain on sale of assets			4						28						—						—						32
Operating Income/(Loss)			1,266						147						(506)						75						982
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries			23						—						1,291						(1,314)						—
Equity in earnings/(losses) of unconsolidated affiliates			—						10						(1)						—						9
Impairment losses on investments			—						(15)						—						—						(15)
Other income/(expense), net			32						(13)						(1)						—						18
Loss on debt extinguishment, net			—						—						(44)						—						(44)
Interest expense			(14)						(49)						(420)						—						(483)
Total other income/(expense)			41						(67)						825						(1,314)						(515)
Income from Continuing Operations Before Income Taxes			1,307						80						319						(1,239)						467
Income tax expense/(benefit)			372						19						(384)						—						7
Income from Continuing Operations			935						61						703						(1,239)						460
Income/(loss) from discontinued operations, net of income tax			62						75						(329)						—						(192)
Net Income			997						136						374						(1,239)						268
Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests			—						(181)						106						75						—
Net Income Attributable to NRG Energy, Inc.			$	997					$	317					$	268					$	(1,314)					$	268

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

For the Year Ended December 31, 2018

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations(a)						Consolidated Balance
Net Income			$	997					$	136					$	374					$	(1,239)					$	268
Other Comprehensive Income/(Loss), net of tax
Unrealized gain on derivatives, net			—						29						9						(15)						23
Foreign currency translation adjustments, net			(10)						(10)						(13)						22						(11)
Available-for-sale securities, net			—						—						1						—						1
Defined benefit plan, net			(9)						—						(35)						9						(35)
Other comprehensive (loss)/income			(19)						19						(38)						16						(22)
Comprehensive Income			978						155						336						(1,223)						246
Less: Comprehensive (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests			—						(166)						104						76						14
Comprehensive Income Attributable to NRG Energy, Inc.			$	978					$	321					$	232					$	(1,299)					$	232

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

December 31, 2018

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc.						Eliminations (a)						Consolidated Balance
ASSETS
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 posted 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 finance 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 finance 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 Year Ended December 31, 2018

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations(a)						Consolidated Balance
Cash Flows from Operating Activities
Net income			$	997					$	136					$	374					$	(1,239)					$	268
Income/(loss) from discontinued operations			62						75						(329)						—						(192)
Net income from continuing operations			935						61						703						(1,239)						460
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions and equity in earnings of unconsolidated affiliates and consolidated subsidiaries			(23)						47						(1,231)						1,253						46
Depreciation and amortization			238						150						33						—						421
Accretion of asset retirement obligations			28						10						—						—						38
Provision for bad debts			79						6						—						—						85
Amortization of nuclear fuel			48						—						—						—						48
Amortization of financing costs and debt discount/premiums			—						6						23						—						29
Adjustment for debt extinguishment			—						—						44						—						44
Amortization of emission allowances and out-of-market contracts			36						9						—						—						45
Amortization of unearned equity compensation			—						—						25						—						25
Net (gain)/loss on sale and disposal of assets			(30)						(20)						1						—						(49)
Impairment losses			5						109						—						—						114
Changes in derivative instruments			25						15						11						(14)						37
Changes in deferred income taxes and liability for uncertain tax benefits			372						5						(372)						—						5
Changes in collateral deposits in support of energy risk management activities			(94)						(11)						—						—						(105)
Changes in nuclear decommissioning trust liability			60						—						—						—						60
GenOn settlement, net of insurance proceeds			—						—						(63)						—						(63)
Net loss on deconsolidation of Agua Caliente and Ivanpah projects			—						13						—						—						13
Changes in other working capital			(100)						(166)						16						—						(250)
Cash provided/(used) by continuing operations			1,579						234						(810)						—						1,003
Cash provided by discontinued operations			89						285						—						—						374
Net Cash Provided/(Used) by Operating Activities			1,668						519						(810)						—						1,377
Cash Flows from Investing Activities
Intercompany dividends			—						—						2,006						(2,006)						—
Payments for acquisitions of businesses			(40)						(203)						—						—						(243)
Capital expenditures			(192)						(151)						(45)						—						(388)
Net proceeds from sale of emission allowances			19						—						—						—						19
Investments in nuclear decommissioning trust fund securities			(572)						—						—						—						(572)
Proceeds from sales of nuclear decommissioning trust fund securities			513						—						—						—						513
Proceeds from sale of assets, net of cash disposed and sale of discontinued operations, net of fees			14						8						1,542						—						1,564
Deconsolidation of Agua Caliente and Ivanpah projects			—						(268)						—						—						(268)
Changes in investments in unconsolidated affiliates			—						(39)						—						—						(39)
Net contributions to discontinued operations			—						(60)						—						—						(60)
Other			—						—						(6)						—						(6)
Cash (used)/provided by continuing operations			(258)						(713)						3,497						(2,006)						520
Cash used by discontinued operations			—						(725)						—						—						(725)
Net Cash (Used)/Provided by Investing Activities			(258)						(1,438)						3,497						(2,006)						(205)
Cash Flows from Financing Activities
Intercompany dividends and transfers			(1,267)						86						(825)						2,006						—
Payments of dividends to common stockholders			—						—						(37)						—						(37)
Payments for treasury stock			—						—						(1,250)						—						(1,250)
Payments for debt extinguishment costs			—						—						(32)						—						(32)
Net distributions to noncontrolling interests from subsidiaries			—						(16)						—						—						(16)
Proceeds from issuance of common stock			—						—						21						—						21
Proceeds from issuance of long-term debt			—						163						937						—						1,100
Payments of debt issuance costs			—						—						(19)						—						(19)
Payments for short and long-term debt			—						(138)						(1,596)						—						(1,734)
Receivable from affiliate			—						—						(26)						—						(26)
Other			—						(4)						—						—						(4)
Cash (used)/provided by continuing operations			(1,267)						91						(2,827)						2,006						(1,997)
Cash provided by discontinued operations			—						471						—						—						471
Net Cash (Used)/Provided by Financing Activities			(1,267)						562						(2,827)						2,006						(1,526)
Effect of exchange rate changes on cash and cash equivalents			—						1						—						—						1
Change in cash from discontinued operations			89						31						—						—						120
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties			54						(387)						(140)						—						(473)
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period			41						425						620						—						1,086
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period			$	95					$	38					$	480					$	—					$	613

(a) All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2017

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc.						Eliminations (a)						Consolidated Balance
Operating Revenues
Total operating revenues			$	7,818					$	1,304					$	—					$	(48)					$	9,074
Operating Costs and Expenses
Cost of operations			5,998						862						72						(46)						6,886
Depreciation and amortization			343						221						32						—						596
Impairment losses			1,346						188						—						—						1,534
Selling, general and administrative			410						64						364						(2)						836
Reorganization costs			6						—						38						—						44
Development costs			—						4						18						—						22
Total operating costs and expenses			8,103						1,339						524						(48)						9,918
Other income - affiliate			—						—						87						—						87
Gain on sale of assets			4						12						—						—						16
Operating Loss			(281)						(23)						(437)						—						(741)
Other Income/(Expense)
Equity in earnings of consolidated subsidiaries			18						—						28						(46)						—
Equity in losses of unconsolidated affiliates			—						(10)						(4)						—						(14)
Impairment losses on investments			—						(75)						(4)						—						(79)
Other income, net			9						14						28						—						51
Loss on debt extinguishment, net			—						—						(49)						—						(49)
Interest expense			(14)						(91)						(452)						—						(557)
Total other income/(expense)			13						(162)						(453)						(46)						(648)
Loss from Continuing Operations Before Income Taxes			(268)						(185)						(890)						(46)						(1,389)
Income tax (benefit)/expense			(598)						(62)						616						—						(44)
Income/(Loss) from Continuing Operations			330						(123)						(1,506)						(46)						(1,345)
Income/(loss) from discontinued operations, net of income tax			91						(420)						(663)						—						(992)
Net Income/(Loss)			421						(543)						(2,169)						(46)						(2,337)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests			—						(168)						(16)						—						(184)
Net Income/(Loss) Attributable to NRG Energy, Inc.			$	421					$	(375)					$	(2,153)					$	(46)					$	(2,153)

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

For the Year Ended December 31, 2017

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations(a)						Consolidated Balance
Net Income/(Loss)			$	421					$	(543)					$	(2,169)					$	(46)					$	(2,337)
Other Comprehensive Income/(Loss), net of tax
Unrealized gain on derivatives, net			1						13						25						(26)						13
Foreign currency translation adjustments, net			6						7						—						(1)						12
Available-for-sale securities, net			—						—						(8)						—						(8)
Defined benefit plan, net			(13)						30						46						(17)						46
Other comprehensive (loss)/income			(6)						50						63						(44)						63
Comprehensive Income/(Loss)			415						(493)						(2,106)						(90)						(2,274)
Less: Comprehensive loss attributable to noncontrolling interest and redeemable noncontrolling interests			—						(103)						(16)						(60)						(179)
Comprehensive Income/(Loss) Attributable to NRG Energy, Inc.			$	415					$	(390)					$	(2,090)					$	(30)					$	(2,095)

(a)All significant intercompany transactions have been eliminated in consolidation

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2017

(In millions)			Guarantor Subsidiaries						Non-Guarantor Subsidiaries						NRG Energy, Inc. (Note Issuer)						Eliminations(a)						Consolidated Balance
Cash Flows from Operating Activities
Net income/(loss)			$	421					$	(543)					$	(2,169)					$	(46)					$	(2,337)
Income/(loss) from discontinued operations			91						(420)						(663)						—						(992)
Net income/(loss) from continuing operations			330						(123)						(1,506)						(46)						(1,345)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Distributions and equity in earnings of unconsolidated affiliates and consolidated subsidiaries			(18)						12						60						48						102
Depreciation and amortization			343						221						32						—						596
Accretion of asset retirement obligations			37						7						—						—						44
Provision for bad debts			56						—						12						—						68
Amortization of nuclear fuel			51						—						—						—						51
Amortization of financing costs and debt discount/premiums			—						13						16						—						29
Adjustment for debt extinguishment			—						—						49						—						49
Amortization of emission allowances and out-of-market contracts			42						12						—						—						54
Amortization of unearned equity compensation			—						—						35						—						35
Net loss/(gain) on sale and disposal of assets			2						(11)						—						—						(9)
Impairment losses			1,346						264						4						—						1,614
Changes in derivative instruments			(214)						50						(4)						(2)						(170)
Changes in deferred income taxes and liability for uncertain tax benefits			(300)						(9)						322						—						13
Changes in collateral deposits in support of energy risk management activities			(98)						18						—						—						(80)
Changes in nuclear decommissioning trust liability			11						—						—						—						11
Changes in other working capital			(15)						(396)						205						—						(206)
Cash provided/(used) by continuing operations			1,573						58						(775)						—						856
Cash provided by discontinued operations			116						638						—						—						754
Net Cash Provided/(Used) by Operating Activities			1,689						696						(775)						—						1,610
Cash Flows from Investing Activities
Intercompany dividends			—						—						1,665						(1,665)						—
Payments for acquisitions of businesses			(14)						—						—						—						(14)
Capital expenditures			(180)						(43)						(31)						—						(254)
Net proceeds from sale of emission allowances			66						—						—						—						66
Investments in nuclear decommissioning trust fund securities			(512)						—						—						—						(512)
Proceeds from sales of nuclear decommissioning trust fund securities			501						—						—						—						501
Proceeds from sale of assets, net of cash disposed			33						54						343						—						430
Changes in investments in unconsolidated affiliates			—						(57)						—						—						(57)
Net distributions from discontinued operations			—						—						150						—						150
Other			18						12						—						—						30
Cash (used)/provided by continuing operations			(88)						(34)						2,127						(1,665)						340
Cash used by discontinued operations			(13)						(966)						—						—						(979)
Net Cash (Used)/Provided by Investing Activities			(101)						(1,000)						2,127						(1,665)						(639)
Cash Flows from Financing Activities
Intercompany dividends and transfers			(1,447)						(4)						(214)						1,665						—
Payment of dividends to common stockholders			—						—						(38)						—						(38)
Payments for debt extinguishment costs			—						—						(42)						—						(42)
Net distributions to noncontrolling interests from subsidiaries			—						(30)						—						—						(30)
Payments for issuance of common stock			—						—						(2)						—						(2)
Proceeds from issuance of long-term debt			—						94						1,084						—						1,178
Payment of debt issuance costs			—						(2)						(16)						—						(18)
Payments for short and long-term debt			—						(183)						(1,701)						—						(1,884)
Receivable from affiliate			—						—						(125)						—						(125)
Other			—						(8)						—						—						(8)
Cash used by continuing operations			(1,447)						(133)						(1,054)						1,665						(969)
Cash used by discontinued operations			(109)						(60)						—						—						(169)
Net Cash Used by Financing Activities			(1,556)						(193)						(1,054)						1,665						(1,138)
Effect of exchange rate changes on cash and cash equivalents			—						(1)						—						—						(1)
Change in cash from discontinued operations			(6)						(388)						—						—						(394)
Net Increase/(Decrease) in Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties			38						(110)						298						—						226
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at Beginning of Period			3						535						322						—						860
Cash and Cash Equivalents, Restricted Cash, and Funds Deposited by Counterparties at End of Period			$	41					$	425					$	620					$	—					$	1,086

(a) All significant intercompany transactions have been eliminated in consolidation

X

- References

No definition available.

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

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