XML 41 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues    
Wholesale energy $ 800 $ 676
Retail energy 259 311
Energy-related businesses 114 104
Total Operating Revenues 1,173 1,091
Operation    
Fuel and energy purchases 491 515
Operation and maintenance 282 222
(Gain) loss on sale (140) 0
Depreciation 109 77
Taxes, other than income 11 3
Energy-related businesses 109 96
Total Operating Expenses 862 913
Operating Income (Loss) 311 178
Other Income (Expense) - net 6 7
Interest Expense 60 36
Income (Loss) Before Income Taxes 257 149
Income Taxes 106 53
Net Income (Loss) $ 151 $ 96
Earnings Per Share of Common Stock    
Basic (in dollars per share) $ 1.18 $ 1.15
Diluted (in dollars per share) $ 1.17 $ 1.15
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 128,526 83,524
Diluted (in shares) 129,018 83,524
Talen Energy Supply    
Operating Revenues    
Wholesale energy $ 800 $ 676
Retail energy 259 311
Energy-related businesses 114 104
Total Operating Revenues 1,173 1,091
Operation    
Fuel and energy purchases 491 515
Operation and maintenance 282 222
(Gain) loss on sale (140) 0
Depreciation 109 77
Taxes, other than income 11 3
Energy-related businesses 109 96
Total Operating Expenses 862 913
Operating Income (Loss) 311 178
Other Income (Expense) - net 6 7
Interest Expense 60 36
Income (Loss) Before Income Taxes 257 149
Income Taxes 106 53
Net Income (Loss) $ 151 $ 96