XML 17 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 693 $ 966
Funds deposited by counterparties 730 199
Restricted cash 15 8
Accounts receivable, net 3,512 3,488
Inventory 373 478
Derivative instruments 3,436 2,686
Cash collateral paid in support of energy risk management activities 217 309
Prepayments and other current assets 899 830
Total current assets 9,875 8,964
Property, plant and equipment, net 2,223 2,021
Other Assets    
Equity investments in affiliates 47 45
Operating lease right-of-use assets, net 140 151
Goodwill 5,012 5,011
Derivative instruments 1,735 1,710
Deferred income taxes 1,923 2,067
Other non-current assets 1,186 1,145
Total other assets 12,893 13,037
Total Assets 24,991 24,022
Current Liabilities    
Current portion of long-term debt and finance leases 997 996
Current portion of operating lease liabilities 52 66
Accounts payable 2,356 2,513
Derivative instruments 2,595 2,297
Cash collateral received in support of energy risk management activities 730 199
Deferred revenue current 690 711
Accrued expenses and other current liabilities 1,880 2,031
Total current liabilities 9,300 8,813
Other Liabilities    
Long-term debt and finance leases 9,812 9,812
Non-current operating lease liabilities 125 117
Derivative instruments 1,288 1,107
Deferred income taxes 12 12
Deferred revenue non-current 830 862
Other non-current liabilities 847 821
Total other liabilities 12,914 12,731
Total Liabilities 22,214 21,544
Commitments and Contingencies
Stockholders' Equity    
Preferred stock; 10,000,000 shares authorized; 650,000 Series A shares issued and outstanding at March 31, 2025 and December 31, 2024, aggregate liquidation preference of $650 at March 31, 2025 and December 31, 2024 650 650
Common stock; $0.01 par value; 500,000,000 shares authorized; 203,061,220 and 205,064,058 shares issued and 196,462,125 and 198,604,003 shares outstanding at March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in-capital 518 705
Retained earnings 2,162 1,535
Treasury stock, at cost; 6,599,095 shares and 6,460,055 shares at March 31, 2025 and December 31, 2024, respectively (440) (297)
Accumulated other comprehensive loss (115) (117)
Total Stockholders' Equity 2,777 2,478
Total Liabilities and Stockholders' Equity 24,991 24,022
Customer relationships, net    
Other Assets    
Intangible assets, net 1,469 1,538
Other intangible assets, net    
Other Assets    
Intangible assets, net $ 1,381 $ 1,370