v3.3.0.814
Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating revenues:        
Commodity revenue $ 1,888 $ 2,186 $ 4,933 $ 6,000
Mark-to-market gain (loss) 55 (2) 89 81
Other revenue 5 3 14 10
Operating revenues 1,948 2,187 5,036 6,091
Operating expenses:        
Commodity expense 943 1,281 2,754 3,757
Mark-to-market (gain) loss 130 (13) 95 2
Fuel and purchased energy expense 1,073 1,268 2,849 3,759
Plant operating expense 200 215 732 754
Depreciation and amortization expense 166 153 484 453
Sales, general and other administrative expense 33 37 100 108
Other operating expenses 16 23 56 66
Total operating expenses 1,488 1,696 4,221 5,140
Impairment losses 0 123 0 123
(Gain) on sale of assets, net 0 (753) 0 (753)
(Income) from unconsolidated investments in power plants (6) (5) (18) (18)
Income from operations 466 1,126 833 1,599
Interest expense 159 156 471 491
Interest (income) (1) (2) (3) (5)
Debt modification and extinguishment costs 0 340 32 341
Other (income) expense, net 1 4 8 20
Income before income taxes 307 628 325 752
Income tax expense 28 9 32 5
Net income (loss) 279 619 293 747
Net income attributable to the noncontrolling interest (6) (5) (11) (11)
Net income attributable to Calpine $ 273 $ 614 $ 282 $ 736
Basic earnings per common share attributable to Calpine:        
Weighted average number of shares outstanding, basic and diluted 355,443 398,232 365,053 411,534
Earnings per share, basic and diluted $ 0.77 $ 1.54 $ 0.77 $ 1.79
Weighted average number of shares outstanding, diluted 357,676 402,962 368,219 416,056
Earnings per share, diluted $ 0.76 $ 1.52 $ 0.77 $ 1.77