XML 59 R48.htm IDEA: XBRL DOCUMENT

Summary of Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

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.