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Consolidated Statements of Income (Loss) (FirstEnergy Corp.) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES:      
Regulated Distribution $ 9,734 $ 9,629 $ 9,625
Regulated Transmission 1,325 1,144 1,003
Unregulated businesses 2,958 3,789 4,398
Total revenues [1] 14,017 14,562 15,026
OPERATING EXPENSES:      
Fuel 1,383 1,666 1,855
Purchased power 3,194 3,843 4,423
Other operating expenses 4,232 3,851 3,740
Pension and OPEB mark-to-market adjustment 141 147 242
Provision for depreciation 1,138 1,313 1,282
Amortization of regulatory assets, net 308 297 172
General taxes 1,043 1,042 978
Impairment of assets and related charges (Note 2) 2,406 10,665 42
Total operating expenses 13,845 22,824 12,734
OPERATING INCOME (LOSS) 172 (8,262) 2,292
OTHER INCOME (EXPENSE):      
Investment income (loss) 98 84 (22)
Impairment of equity method investment (Note 1) 0 0 (362)
Interest expense (1,178) (1,157) (1,132)
Capitalized financing costs 79 103 117
Total other expense (1,001) (970) (1,399)
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) (829) (9,232) 893
INCOME TAXES (BENEFITS) 895 (3,055) 315
NET INCOME (LOSS) $ (1,724) $ (6,177) $ 578
EARNINGS (LOSS) PER SHARE OF COMMON STOCK:      
Basic, in dollars per share $ (3.88) $ (14.49) $ 1.37
Diluted, in dollars per share $ (3.88) $ (14.49) $ 1.37
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:      
Basic, in shares 444 426 422
Diluted, in shares 444 426 424
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share $ 1.44 $ 1.44 $ 1.44
[1] Includes excise tax collections of $390 million, $406 million and $416 million in 2017, 2016 and 2015, respectively.