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Segment Reporting
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s segment structure reflects how management currently makes financial decisions and allocates resources. The Company manages its operations based on the combined results of the retail and wholesale generation businesses with a geographical focus. Vivint Smart Home operations are reported within the Vivint Smart Home segment.
NRG’s chief operating decision maker, its chief executive officer, evaluates the performance of the Company's segments based on operational measures including adjusted earnings before interest, taxes, depreciation and amortization, or Adjusted EBITDA, free cash flow and allocation of capital, as well as net (loss)/income. The accounting policies of the segments are the same as those applied in the consolidated financial statements as disclosed in Note 2, Summary of Significant Accounting Policies, to the Company’s 2023 Form 10-K.
Three months ended September 30, 2024
(In millions)TexasEastWest/Services/OtherVivint Smart HomeCorporateEliminationsTotal
Revenue
$3,301 $2,600 $833 $499 $— $(10)$7,223 
Depreciation and amortization
81 39 23 198 11 — 352 
Gain on sale of assets
— — 208 — — — 208 
Equity in earnings of unconsolidated affiliates
— — — — — 
(Loss)/income before income taxes(1,056)89 148 (37)(158)— (1,014)
Net (loss)/income $(1,056)$88 $148 $(29)$82 $ $(767)
Three months ended September 30, 2023
(In millions)TexasEastWest/Services/OtherVivint Smart HomeCorporateEliminationsTotal
Revenue
$3,686 $2,809 $978 $478 $— $(5)$7,946 
Depreciation and amortization
84 39 24 203 — 359 
Equity in earnings of unconsolidated affiliates
— — — — — 
Income/(loss) before income taxes463 314 (205)(24)(140)— 408 
Net income/(loss)$463 $316 $(168)$(4)$(264)$ $343 

Nine months ended September 30, 2024
(In millions)TexasEastWest/Services/OtherVivint Smart HomeCorporateEliminationsTotal
Revenue$8,297 $8,647 $2,962 $1,434 $— $(29)$21,311 
Depreciation and amortization240 117 96 561 31 — 1,045 
Impairment losses— — 15 — — — 15 
(Loss)/gain on sale of assets
(4)— 213 — — — 209 
Equity in earnings of unconsolidated affiliates— — 13 — — — 13 
Loss on debt extinguishment— — — — 260 — 260 
Income/(loss) before income taxes259 1,116 69 (59)(652)— 733 
Net income/(loss) $259 $1,116 $90 $(51)$(932)$ $482 
Nine months ended September 30, 2023
(In millions)TexasEastWest/Services/Other
Vivint Smart Home(a)
CorporateEliminationsTotal
Revenue$8,235 $9,488 $3,244 $1,070 $— $(21)$22,016 
Depreciation and amortization257 122 73 442 27 — 921 
Gain on sale of assets— 202 — — — — 202 
Equity in earnings of unconsolidated affiliates— — 16 — — — 16 
Income/(loss) before income taxes1,532 (1,188)(684)(86)(440)— (866)
Net income/(loss)$1,532 $(1,187)$(601)$(66)$(362)$ $(684)
(a)Includes results of operations following the acquisition date of March 10, 2023