XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES:      
Total revenues [1] $ 13,472 $ 12,870 $ 12,459
OPERATING EXPENSES:      
Fuel 464 538 730
Purchased power 3,912 4,108 3,863
Other operating expenses 4,159 3,594 3,817
Provision for depreciation 1,581 1,461 1,375
Deferral of regulatory assets, net (231) (261) (365)
General taxes 1,212 1,164 1,129
Total operating expenses 11,097 10,604 10,549
OPERATING INCOME 2,375 2,266 1,910
OTHER INCOME (EXPENSE):      
Debt redemption costs (Note 12) (85) (36) (171)
Equity method investment earnings, net (Note 1) 58 175 168
Miscellaneous income, net 189 164 415
Pension and OPEB mark-to-market adjustments (22) (78) 72
Interest expense (1,144) (1,124) (1,039)
Capitalized financing costs 133 97 84
Total other expense (871) (802) (471)
INCOME BEFORE INCOME TAXES 1,504 1,464 1,439
INCOME TAXES 377 267 1,000
INCOME FROM CONTINUING OPERATIONS 1,127 1,197 439
Discontinued operations (Note 1) [2] 0 (21) 0
NET INCOME 1,127 1,176 439
Income attributable to noncontrolling interest (continuing operations) 149 74 33
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. 978 1,102 406
AMOUNTS ATTRIBUTABLE TO FIRSTENERGY CORP.      
Earnings from continuing operations 978 1,123 406
Earnings from discontinued operations [2] 0 (21) 0
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 978 $ 1,102 $ 406
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3)      
Basic - continuing operations (in dollars per share) $ 1.70 $ 1.96 $ 0.71
Basic - discontinued operations (in dollars per share) 0 (0.04) 0
Basic (in dollars per share) 1.70 1.92 0.71
Diluted - continuing operations (in dollars per share) 1.70 1.96 0.71
Diluted - discontinued operations (in dollars per share) 0 (0.04) 0
Diluted (in dollars per share) $ 1.70 $ 1.92 $ 0.71
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 575 573 571
Diluted (in shares) 577 574 572
Distribution services and retail generation      
REVENUES:      
Total revenues $ 10,976 $ 10,405 $ 9,916
Transmission      
REVENUES:      
Total revenues 2,148 2,049 1,863
Other      
REVENUES:      
Total revenues $ 348 $ 416 $ 680
[1] Includes excise and gross receipts tax collections of $429 million, $420 million and $406 million in 2024, 2023 and 2022, respectively.
[2] Consists of income taxes of $21 million in 2023.