XML 52 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Acquisitions and Dispositions (Tables)
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
The purchase price is provisionally allocated as follows:
(In millions)
Current Assets
Cash and cash equivalents$152 
Funds deposited by counterparties21 
Restricted cash9 
Accounts receivable, net1,802 
Inventory106 
Derivative instruments1,014 
Cash collateral paid in support of energy risk management activities233 
Prepayments and other current assets181 
Total current assets3,518 
Property, plant and equipment, net178
Other Assets
Goodwill(a)(b)
990 
Intangibles assets, net(b)
2,559 
Derivative instruments531
Other non-current assets31
Total other assets4,111 
Total Assets $7,807 
Current Liabilities
Accounts payable$1,390 
Derivative instruments1,266 
Cash collateral received in support of energy risk management activities21 
Accrued expenses and other current liabilities440 
Total current liabilities3,117 
Other Liabilities
Derivative instruments562 
Deferred income taxes 433 
Other non-current liabilities31 
Total other liabilities1,026 
Total Liabilities$4,143 
Direct Energy Purchase Price$3,664 
(a) Goodwill arising from the acquisition is attributed to the value of the platform acquired and the synergies expected from combining the operations of Direct Energy with NRG's existing businesses. Goodwill expected to be deductible for tax purposes is $337 million.
(b) The allocation of goodwill and intangible assets to the Company's reportable segments is anticipated to be completed in the second quarter of 2021
Schedule of Line of Credit Facilities The Company also increased its collective liquidity and collateral facilities by $3.4 billion as of the Acquisition Closing Date to meet the additional liquidity requirements related to the acquisition, as detailed in the following table:
(In millions)
Available on Acquisition Closing Date
Revolving Credit Facility commitment increase$802 
Revolving Credit Facility new tranche273 
Facility agreement in connection with the sale of pre-capitalized trust securities874 
Available as of December 31, 2020
Credit default swap facility150 
Revolving accounts receivable financing facility750 
Repurchase facility75 
Bilateral letter of credit facilities475 
Total Increases to Liquidity and Collateral Facilities$3,399 
Schedule of Classified Held for Sale
As of March 31, 2021, the following is classified as held for sale in the Consolidated Balance Sheet:
(In millions)(a)
Current assets(b)
$55 
Property, plant and equipment, net385 
Other non-current assets3 
Total non-current assets(c)
388 
Total assets held for sale$443 
Current liabilities(d)
27 
Non-current liabilities(e)
60 
Total liabilities held for sale$87 

(a) Property, plant and equipment, net for the East and West/Services/Other segments was $237 million and $148 million, respectively. The remaining assets and liabilities were primarily in the East segment
(b) Included in prepayments and other current assets in the Consolidated Balance Sheet
(c) Included in other non-current assets in the Consolidated Balance Sheet
(d) Included in accrued expenses and other current liabilities in the Consolidated Balance Sheet
(e) Included in other non-current liabilities in the Consolidated Balance Sheet