v3.4.0.3
Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues:    
Commodity revenue $ 1,585 $ 1,638
Mark-to-market gain 25 3
Other revenue 5 5
Operating revenues 1,615 1,646
Operating expenses:    
Commodity expense 1,006 1,077
Mark-to-market (gain) loss 120 (67)
Fuel and purchased energy expense 1,126 1,010
Plant operating expense 255 260
Depreciation and amortization expense 180 158
Sales, general and other administrative expense 38 37
Other operating expenses 20 20
Total operating expenses 1,619 1,485
(Income) from unconsolidated investments in power plants (7) (5)
Income from operations 3 166
Interest expense 157 154
Interest (income) (1) (1)
Debt extinguishment costs 0 19
Other (income) expense, net 6 2
Loss before income taxes (159) (8)
Income tax expense (benefit) 35 (1)
Net income (loss) (194) (7)
Net income attributable to the noncontrolling interest (4) (3)
Net loss attributable to Calpine $ (198) $ (10)
Basic and diluted loss per common share attributable to Calpine:    
Weighted average number of shares outstanding, basic and diluted 353,501 372,935
Earnings per share, basic and diluted $ (0.56) $ (0.03)