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Summary of Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Data [Abstract] |
Schedule of Quarterly Financial Information | The following summarizes certain consolidated operating results by quarter for 2019 and 2018.
FirstEnergy |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(In millions, except per share amounts) | 2019 |  | 2018
| Dec. 31 |  | Sep. 30 |  | Jun. 30 |  | Mar. 31 |  | Dec. 31 |  | Sep. 30 |  | Jun. 30 |  | Mar. 31
Revenues | $ | 2,673 |  |  | $ | 2,963 |  |  | $ | 2,516 |  |  | $ | 2,883 |  |  | $ | 2,710 |  |  | $ | 3,064 |  |  | $ | 2,625 |  |  | $ | 2,862 |
Other operating expense | 809 |  |  | 758 |  |  | 606 |  |  | 779 |  |  | 770 |  |  | 739 |  |  | 684 |  |  | 940 |
Provision for depreciation | 310 |  |  | 304 |  |  | 309 |  |  | 297 |  |  | 293 |  |  | 283 |  |  | 283 |  |  | 277 |
Operating Income | 615 |  |  | 681 |  |  | 585 |  |  | 629 |  |  | 512 |  |  | 710 |  |  | 700 |  |  | 580 |
Pension and OPEB mark-to-market adjustment | (674) |  |  | — |  |  | — |  |  | — |  |  | (144) |  |  | — |  |  | — |  |  | — |
Income before income taxes | (249) |  |  | 496 |  |  | 422 |  |  | 448 |  |  | 169 |  |  | 520 |  |  | 409 |  |  | 414 |
Income taxes | (68) |  |  | 107 |  |  | 81 |  |  | 93 |  |  | 35 |  |  | 121 |  |  | 101 |  |  | 233 |
Income from continuing operations | (181) |  |  | 389 |  |  | 341 |  |  | 355 |  |  | 134 |  |  | 399 |  |  | 308 |  |  | 181 |
Discontinued operations (1) (Note 3) | 70 |  |  | 2 |  |  | (29) |  |  | (35) |  |  | 4 |  |  | (857) |  |  | (9) |  |  | 1,188 |
Net Income (Loss) | (111) |  |  | 391 |  |  | 312 |  |  | 320 |  |  | 138 |  |  | (458) |  |  | 299 |  |  | 1,369 |
Income allocated to preferred stockholders (2) | — |  |  | — |  |  | 4 |  |  | 5 |  |  | 10 |  |  | 54 |  |  | 165 |  |  | 156 |
Net income (loss) attributable to common stockholders | (111) |  |  | 391 |  |  | 308 |  |  | 315 |  |  | 128 |  |  | (512) |  |  | 134 |  |  | 1,213 |
Earnings (loss) per share of common stock-(3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic - Continuing Operations | (0.33) |  |  | 0.72 |  |  | 0.63 |  |  | 0.66 |  |  | 0.24 |  |  | 0.68 |  |  | 0.30 |  |  | 0.05 |
Basic - Discontinued Operations (Note 3) | 0.13 |  |  | 0.01 |  |  | (0.05) |  |  | (0.07) |  |  | 0.01 |  |  | (1.70) |  |  | (0.02) |  |  | 2.50 |
Basic - Net Income (Loss) Attributable to Common Stockholders | (0.20) |  |  | 0.73 |  |  | 0.58 |  |  | 0.59 |  |  | 0.25 |  |  | (1.02) |  |  | 0.28 |  |  | 2.55 |
Diluted - Continuing Operations | (0.33) |  |  | 0.72 |  |  | 0.63 |  |  | 0.66 |  |  | 0.24 |  |  | 0.68 |  |  | 0.30 |  |  | 0.05 |
Diluted - Discontinued Operations (Note 3) | 0.13 |  |  | — |  |  | (0.05) |  |  | (0.07) |  |  | 0.01 |  |  | (1.70) |  |  | (0.02) |  |  | 2.49 |
Diluted - Net Income (Loss) Attributable to Common Stockholders | (0.20) |  |  | 0.72 |  |  | 0.58 |  |  | 0.59 |  |  | 0.25 |  |  | (1.02) |  |  | 0.28 |  |  | 2.54 |
(1) Net of income taxes
(2) The sum of quarterly income allocated to preferred stockholders may not equal annual income allocated to preferred stockholders as quarter-to-date and year-to-date amounts are calculated independently.
(3) The sum of quarterly earnings per share information may not equal annual earnings per share due to the issuance of shares and conversion of preferred shares throughout the year. See the FirstEnergy Consolidated Statements of Stockholders' Equity and Note 6, "Stock-Based Compensation Plans," for additional information.

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