v3.8.0.1
Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues:        
Commodity revenue $ 2,506 $ 2,063 $ 6,714 $ 5,199
Mark-to-market gain (loss) 76 287 224 (79)
Other revenue 4 5 13 14
Operating revenues 2,586 2,355 6,951 5,134
Operating expenses:        
Commodity expense 1,711 1,294 4,757 3,197
Mark-to-market (gain) loss 10 178 185 (57)
Fuel and purchased energy expense 1,721 1,472 4,942 3,140
Plant operating expense 228 215 812 741
Depreciation and amortization expense 179 161 542 490
Sales, general and other administrative expense 37 33 117 106
Other operating expenses 23 18 63 55
Total operating expenses 2,188 1,899 6,476 4,532
Impairment losses 12 0 41 13
Gain on sale of assets, net 0 0 (27) 0
(Income) from unconsolidated subsidiaries (7) (6) (17) (16)
Income from operations 393 462 478 605
Interest expense 156 158 469 472
Debt extinguishment costs 1 0 26 15
Other (income) expense, net 7 7 16 18
Income (loss) before income taxes 229 297 (33) 100
Income tax expense (benefit) (2) (4) 0 17
Net income (loss) 231 301 (33) 83
Net income attributable to the noncontrolling interest (6) (6) (14) (15)
Net income (loss) attributable to Calpine $ 225 $ 295 $ (47) $ 68
Basic earnings (loss) per common share attributable to Calpine:        
Weighted Average Number of Shares Outstanding, Basic 355,442 354,215 355,164 353,929
Loss per share, basic and diluted $ 0.63 $ 0.83 $ (0.13) $ 0.19
Weighted average shares of common stock outstanding (in thousands) 358,844 356,352 355,164 355,980
Net income (loss) per common share attributable to Calpine — diluted $ 0.63 $ 0.83 $ (0.13) $ 0.19