XML 42 R29.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue from Contracts with Customer

Disaggregated Revenues

The following tables represent the Company’s disaggregation of revenue from contracts with customers for the three and six months ended June 30, 2024 and 2023:

			Three months ended June 30, 2024
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	1,766					$	537					$	414					$	467					$	(8)					$	3,176
Business			926						1,824						418						—						—						3,168
Total retail revenue(b)			2,692						2,361						832						467						(8)						6,344
Energy revenue(b)			16						46						51						—						(3)						110
Capacity revenue(b)			—						39						6						—						(1)						44
Mark-to-market for economic hedging activities(c)			—						65						17						—						2						84
Contract amortization			—						(6)						(1)						—						—						(7)
Other revenue(b)			55						27						5						—						(3)						84
Total revenue			2,763						2,532						910						467						(13)						6,659
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						12						19						—						—						31
Less: Realized and unrealized ASC 815 revenue			8						108						32						—						—						148
Total revenue from contracts with customers			$	2,755					$	2,412					$	859					$	467					$	(13)					$	6,480
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	9					$	—					$	—					$	—					$	9
Energy revenue			—						15						16						—						(2)						29
Capacity revenue			—						19						—						—						—						19
Other revenue			8						—						(1)						—						—						7
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Three months ended June 30, 2023
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	1,563					$	446					$	406					$	444					$	—					$	2,859
Business			832						1,912						424						—						—						3,168
Total retail revenue(b)			2,395						2,358						830						444						—						6,027
Energy revenue(b)			16						28						40						—						(1)						83
Capacity revenue(b)			—						49						—						—						—						49
Mark-to-market for economic hedging activities(c)			—						52						23						—						—						75
Contract amortization			—						(7)						(1)						—						—						(8)
Other revenue(b)			104						23						—						—						(5)						122
Total revenue			2,515						2,503						892						444						(6)						6,348
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						6						7						—						—						13
Less: Realized and unrealized ASC 815 revenue			14						99						7						—						(1)						119
Total revenue from contracts with customers			$	2,501					$	2,398					$	878					$	444					$	(5)					$	6,216
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	16					$	—					$	—					$	—					$	16
Energy revenue			—						13						(7)						—						(1)						5
Capacity revenue			—						17						—						—						—						17
Other revenue			14						1						(9)						—						—						6
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Six months ended June 30, 2024
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	3,126					$	1,239					$	1,013					$	935					$	(8)					$	6,305
Business			1,744						4,550						974						—						—						7,268
Total retail revenue(b)			4,870						5,789						1,987						935						(8)						13,573
Energy revenue(b)			23						127						118						—						(6)						262
Capacity revenue(b)			—						80						8						—						(2)						86
Mark-to-market for economic hedging activities(c)			—						14						8						—						2						24
Contract amortization			—						(16)						(1)						—						—						(17)
Other revenue(b)			103						53						9						—						(5)						160
Total revenue			4,996						6,047						2,129						935						(19)						14,088
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						22						25						—						—						47
Less: Realized and unrealized ASC 815 revenue			10						132						42						—						(3)						181
Total revenue from contracts with customers			$	4,986					$	5,893					$	2,062					$	935					$	(16)					$	13,860
(a) Home includes Services
(b) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	19					$	—					$	—					$	—					$	19
Energy revenue			—						58						38						—						(5)						91
Capacity revenue			—						41						—						—						—						41
Other revenue			10						—						(4)						—						—						6
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Six months ended June 30, 2023
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home(a)						Corporate/Eliminations						Total
Retail revenue:
Home(b)			$	2,799					$	1,097					$	1,031					$	592					$	—					$	5,519
Business			1,554						5,277						1,040						—						—						7,871
Total retail revenue(c)			4,353						6,374						2,071						592						—						13,390
Energy revenue(c)			20						102						88						—						1						211
Capacity revenue(c)			—						90						1						—						—						91
Mark-to-market for economic hedging activities(d)			—						87						90						—						(11)						166
Contract amortization			—						(18)						(1)						—						—						(19)
Other revenue(c)			176						44						17						—						(6)						231
Total revenue			4,549						6,679						2,266						592						(16)						14,070
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						5						16						—						—						21
Less: Realized and unrealized ASC 815 revenue			12						212						104						—						(10)						318
Total revenue from contracts with customers			$	4,537					$	6,462					$	2,146					$	592					$	(6)					$	13,731
(a) Includes results of operations following the acquisition date of March 10, 2023
(b) Home includes Services
(c) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Services/Other						Vivint Smart Home						Corporate/Eliminations						Total
Retail revenue			$	—					$	43					$	—					$	—					$	—					$	43
Energy revenue			—						60						10						—						1						71
Capacity revenue			—						23						—						—						—						23
Other revenue			12						(1)						4						—						—						15
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

Contract Asset and Liabilities

The following table reflects the contract assets and liabilities included in the Company’s balance sheet as of June 30, 2024 and December 31, 2023:

(In millions)			June 30, 2024						December 31, 2023
Capitalized contract costs (included in Prepayments and other current assets and Other non-current assets)			$	1,005					$	706
Accounts receivable, net - Contracts with customers			3,346						3,395
Accounts receivable, net - Accounted for under topics other than ASC 606			44						136
Accounts receivable, net - Affiliate			12						11
Total accounts receivable, net			$	3,402					$	3,542
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)			$	1,512					$	1,493
Deferred revenues(a)			1,685						1,634

(a)Deferred revenues from contracts with customers were approximately $1.6 billion as of both June 30, 2024 and December 31, 2023

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration