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10-Q Filing

FIRSTENERGY CORP CIK: 1031296 Q3 2022
Filing Information
Form Type 10-Q
Accession Number 0001031296-22-000069
Period End Date 20220930
Filing Date 20221025
Fiscal Year 2022
Fiscal Period Q3
XBRL Instance fe-20220930_htm.xml
Balance Sheet 102 line items
Line Item Tag Value Unit Period
Allowance for uncollectible accounts AllowanceForDoubtfulAccountsReceivableCurrent $159.00M USD Point-in-time
Allowance for uncollectible accounts AllowanceForDoubtfulAccountsReceivableCurrent $136.00M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.46B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $251.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 700.00M shares Point-in-time
Restricted cash RestrictedCashCurrent $49.00M USD Point-in-time
Restricted cash RestrictedCashCurrent $26.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 700.00M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 571.75M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 570.26M shares Point-in-time
Customers AccountsReceivableGrossCurrent $1.32B USD Point-in-time
Customers AccountsReceivableGrossCurrent $1.19B USD Point-in-time
Less Allowance for uncollectible customer receivables AllowanceForDoubtfulAccountsReceivableCurrent $159.00M USD Point-in-time
Less Allowance for uncollectible customer receivables AllowanceForDoubtfulAccountsReceivableCurrent $136.00M USD Point-in-time
Customers AccountsReceivableNetCurrent $1.03B USD Point-in-time
Customers AccountsReceivableNetCurrent $1.18B USD Point-in-time
Other, net of allowance for uncollectible accounts of $10 in 2022 and 2021 OtherReceivables $264.00M USD Point-in-time
Other, net of allowance for uncollectible accounts of $10 in 2022 and 2021 OtherReceivables $246.00M USD Point-in-time
Materials and supplies, at average cost InventoryNet $361.00M USD Point-in-time
Materials and supplies, at average cost InventoryNet $260.00M USD Point-in-time
Prepaid taxes and other OtherAssetsCurrent $187.00M USD Point-in-time
Prepaid taxes and other OtherAssetsCurrent $228.00M USD Point-in-time
Total current assets AssetsCurrent $2.31B USD Point-in-time
Total current assets AssetsCurrent $3.24B USD Point-in-time
In service PropertyPlantAndEquipmentExcludingConstructionInProgress $46.00B USD Point-in-time
In service PropertyPlantAndEquipmentExcludingConstructionInProgress $46.92B USD Point-in-time
Less Accumulated provision for depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $13.07B USD Point-in-time
Less Accumulated provision for depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $12.67B USD Point-in-time
Property, plant and equipment in service net of accumulated provision for depreciation NetPlantExcludingConstructionWorkInProgress $33.33B USD Point-in-time
Property, plant and equipment in service net of accumulated provision for depreciation NetPlantExcludingConstructionWorkInProgress $33.84B USD Point-in-time
Construction work in progress ConstructionInProgressGross $1.73B USD Point-in-time
Construction work in progress ConstructionInProgressGross $1.41B USD Point-in-time
Total net property, plant and equipment PropertyPlantAndEquipmentNet $35.57B USD Point-in-time
Total net property, plant and equipment PropertyPlantAndEquipmentNet $34.74B USD Point-in-time
Goodwill Goodwill $5.62B USD Point-in-time
Goodwill Goodwill $5.62B USD Point-in-time
Investments (Note 6) LongTermInvestments $655.00M USD Point-in-time
Investments (Note 6) LongTermInvestments $621.00M USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $14.00M USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $71.00M USD Point-in-time
Other OtherAssetsNoncurrent $1.11B USD Point-in-time
Other OtherAssetsNoncurrent $714.00M USD Point-in-time
Total deferred charges and other assets DeferredChargesAndOtherAssetsNoncurrent $6.97B USD Point-in-time
Total deferred charges and other assets DeferredChargesAndOtherAssetsNoncurrent $7.45B USD Point-in-time
Total assets Assets $45.43B USD Point-in-time
Total assets Assets $44.85B USD Point-in-time
Currently payable long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $353.00M USD Point-in-time
Currently payable long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $1.61B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.12B USD Point-in-time
Accounts payable AccountsPayableCurrent $943.00M USD Point-in-time
Accrued interest InterestPayableCurrent $283.00M USD Point-in-time
Accrued interest InterestPayableCurrent $255.00M USD Point-in-time
Accrued taxes AccruedIncomeTaxesCurrent $647.00M USD Point-in-time
Accrued taxes AccruedIncomeTaxesCurrent $643.00M USD Point-in-time
Accrued compensation and benefits AccruedEmployeeBenefitsCurrent $313.00M USD Point-in-time
Accrued compensation and benefits AccruedEmployeeBenefitsCurrent $255.00M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $223.00M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $222.00M USD Point-in-time
Other OtherLiabilitiesCurrent $402.00M USD Point-in-time
Other OtherLiabilitiesCurrent $639.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.49B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.42B USD Point-in-time
Common stock CommonStockValueOutstanding $57.00M USD Point-in-time
Common stock CommonStockValueOutstanding $57.00M USD Point-in-time
Other paid-in capital AdditionalPaidInCapitalCommonStock $10.24B USD Point-in-time
Other paid-in capital AdditionalPaidInCapitalCommonStock $11.53B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-15.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-796.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.60B USD Point-in-time
Total common stockholders equity StockholdersEquity $8.68B USD Point-in-time
Total common stockholders equity StockholdersEquity $10.77B USD Point-in-time
Noncontrolling interest MinorityInterest $464.00M USD Point-in-time
Noncontrolling interest MinorityInterest - USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.48B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.24B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.36B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.31B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.76B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.68B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.43B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.24B USD Point-in-time
Long-term debt and other long-term obligations LongTermDebtAndCapitalLeaseObligations $22.25B USD Point-in-time
Long-term debt and other long-term obligations LongTermDebtAndCapitalLeaseObligations $20.91B USD Point-in-time
Total capitalization CapitalizationLongtermDebtAndEquity $30.92B USD Point-in-time
Total capitalization CapitalizationLongtermDebtAndEquity $32.14B USD Point-in-time
Accumulated deferred income taxes DeferredIncomeTaxLiabilitiesNet $3.43B USD Point-in-time
Accumulated deferred income taxes DeferredIncomeTaxLiabilitiesNet $3.44B USD Point-in-time
Retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $2.67B USD Point-in-time
Retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $2.50B USD Point-in-time
Regulatory liabilities RegulatoryLiabilityNoncurrent $1.98B USD Point-in-time
Regulatory liabilities RegulatoryLiabilityNoncurrent $2.12B USD Point-in-time
Other OtherLiabilitiesNoncurrent $1.31B USD Point-in-time
Other OtherLiabilitiesNoncurrent $1.86B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $9.21B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $10.09B USD Point-in-time
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 8) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 8) CommitmentsAndContingencies - USD Point-in-time
Total liabilities and capitalization LiabilitiesAndStockholdersEquity $45.43B USD Point-in-time
Total liabilities and capitalization LiabilitiesAndStockholdersEquity $44.85B USD Point-in-time
Income Statement 134 line items
Line Item Tag Value Unit Period
Excise taxes collected ExciseTaxesCollected $305.00M USD 3 Qtrs
Excise taxes collected ExciseTaxesCollected $103.00M USD 1 Quarter
Excise taxes collected ExciseTaxesCollected $111.00M USD 1 Quarter
Excise taxes collected ExciseTaxesCollected $283.00M USD 3 Qtrs
Income tax benefit DiscontinuedOperationTaxEffectOfDiscontinuedOperation $-47.00M USD 1 Quarter
Income tax benefit DiscontinuedOperationTaxEffectOfDiscontinuedOperation $-47.00M USD 3 Qtrs
Revenues Revenues $3.48B USD 1 Quarter
Revenues Revenues $9.28B USD 3 Qtrs
Revenues Revenues $8.47B USD 3 Qtrs
Revenues Revenues $3.12B USD 1 Quarter
Fuel FuelCosts $209.00M USD 1 Quarter
Fuel FuelCosts $132.00M USD 1 Quarter
Fuel FuelCosts $539.00M USD 3 Qtrs
Fuel FuelCosts $362.00M USD 3 Qtrs
Purchased power UtilitiesOperatingExpensePurchasedPower $874.00M USD 1 Quarter
Purchased power UtilitiesOperatingExpensePurchasedPower $2.79B USD 3 Qtrs
Purchased power UtilitiesOperatingExpensePurchasedPower $1.11B USD 1 Quarter
Purchased power UtilitiesOperatingExpensePurchasedPower $2.21B USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $2.83B USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $1.11B USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $2.33B USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $856.00M USD 1 Quarter
Provision for depreciation Depreciation $1.02B USD 3 Qtrs
Provision for depreciation Depreciation $326.00M USD 1 Quarter
Provision for depreciation Depreciation $972.00M USD 3 Qtrs
Provision for depreciation Depreciation $332.00M USD 1 Quarter
Amortization (deferral) of regulatory assets, net AmortizationDeferralOfRegulatoryAsset $30.00M USD 1 Quarter
Amortization (deferral) of regulatory assets, net AmortizationDeferralOfRegulatoryAsset $-86.00M USD 1 Quarter
Amortization (deferral) of regulatory assets, net AmortizationDeferralOfRegulatoryAsset $171.00M USD 3 Qtrs
Amortization (deferral) of regulatory assets, net AmortizationDeferralOfRegulatoryAsset $-252.00M USD 3 Qtrs
General taxes UtilitiesOperatingExpenseTaxes $275.00M USD 1 Quarter
General taxes UtilitiesOperatingExpenseTaxes $295.00M USD 1 Quarter
General taxes UtilitiesOperatingExpenseTaxes $812.00M USD 3 Qtrs
General taxes UtilitiesOperatingExpenseTaxes $851.00M USD 3 Qtrs
DPA penalty (Note 8) GainLossRelatedToLitigationSettlement - USD 3 Qtrs
DPA penalty (Note 8) GainLossRelatedToLitigationSettlement - USD 1 Quarter
DPA penalty (Note 8) GainLossRelatedToLitigationSettlement $-230.00M USD 3 Qtrs
DPA penalty (Note 8) GainLossRelatedToLitigationSettlement - USD 1 Quarter
Gain on sale of Yards Creek (Note 9) GainLossOnSaleOfPropertyPlantEquipment - USD 3 Qtrs
Gain on sale of Yards Creek (Note 9) GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of Yards Creek (Note 9) GainLossOnSaleOfPropertyPlantEquipment $109.00M USD 3 Qtrs
Gain on sale of Yards Creek (Note 9) GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Total operating expenses CostsAndExpenses $6.97B USD 3 Qtrs
Total operating expenses CostsAndExpenses $2.49B USD 1 Quarter
Total operating expenses CostsAndExpenses $7.77B USD 3 Qtrs
Total operating expenses CostsAndExpenses $2.97B USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $1.50B USD 3 Qtrs
OPERATING INCOME OperatingIncomeLoss $505.00M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $1.51B USD 3 Qtrs
OPERATING INCOME OperatingIncomeLoss $631.00M USD 1 Quarter
Debt redemption costs (Note 6) GainsLossesOnExtinguishmentOfDebt $1.00M USD 1 Quarter
Debt redemption costs (Note 6) GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Debt redemption costs (Note 6) GainsLossesOnExtinguishmentOfDebt $-155.00M USD 3 Qtrs
Debt redemption costs (Note 6) GainsLossesOnExtinguishmentOfDebt - USD 3 Qtrs
Miscellaneous income, net OtherNonoperatingIncomeExpense $379.00M USD 3 Qtrs
Miscellaneous income, net OtherNonoperatingIncomeExpense $168.00M USD 1 Quarter
Miscellaneous income, net OtherNonoperatingIncomeExpense $136.00M USD 1 Quarter
Miscellaneous income, net OtherNonoperatingIncomeExpense $434.00M USD 3 Qtrs
Interest expense InterestCostsIncurred $788.00M USD 3 Qtrs
Interest expense InterestCostsIncurred $283.00M USD 1 Quarter
Interest expense InterestCostsIncurred $855.00M USD 3 Qtrs
Interest expense InterestCostsIncurred $248.00M USD 1 Quarter
Capitalized financing costs InterestCostsCapitalizedAdjustment $23.00M USD 1 Quarter
Capitalized financing costs InterestCostsCapitalizedAdjustment $54.00M USD 3 Qtrs
Capitalized financing costs InterestCostsCapitalizedAdjustment $59.00M USD 3 Qtrs
Capitalized financing costs InterestCostsCapitalizedAdjustment $20.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-450.00M USD 3 Qtrs
Total other expense NonoperatingIncomeExpense $-127.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-422.00M USD 3 Qtrs
Total other expense NonoperatingIncomeExpense $-56.00M USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $504.00M USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.06B USD 3 Qtrs
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.08B USD 3 Qtrs
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $449.00M USD 1 Quarter
INCOME TAXES IncomeTaxExpenseBenefit $271.00M USD 3 Qtrs
INCOME TAXES IncomeTaxExpenseBenefit $105.00M USD 1 Quarter
INCOME TAXES IncomeTaxExpenseBenefit $88.00M USD 1 Quarter
INCOME TAXES IncomeTaxExpenseBenefit $237.00M USD 3 Qtrs
INCOME FROM CONTINUING OPERATIONS IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $824.00M USD 3 Qtrs
INCOME FROM CONTINUING OPERATIONS IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $416.00M USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $809.00M USD 3 Qtrs
INCOME FROM CONTINUING OPERATIONS IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $344.00M USD 1 Quarter
Discontinued operations (Note 3) IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Discontinued operations (Note 3) IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $47.00M USD 1 Quarter
Discontinued operations (Note 3) IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $47.00M USD 3 Qtrs
Discontinued operations (Note 3) IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 3 Qtrs
NET INCOME ProfitLoss $192.00M USD 1 Quarter
NET INCOME ProfitLoss $824.00M USD 3 Qtrs
NET INCOME ProfitLoss $58.00M USD 1 Quarter
NET INCOME ProfitLoss $344.00M USD 1 Quarter
NET INCOME ProfitLoss $288.00M USD 1 Quarter
NET INCOME ProfitLoss $856.00M USD 3 Qtrs
NET INCOME ProfitLoss $463.00M USD 1 Quarter
NET INCOME ProfitLoss $335.00M USD 1 Quarter
Income attributable to noncontrolling interest (continuing operations) NetIncomeLossAttributableToNoncontrollingInterest $10.00M USD 1 Quarter
Income attributable to noncontrolling interest (continuing operations) NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Income attributable to noncontrolling interest (continuing operations) NetIncomeLossAttributableToNoncontrollingInterest - USD 3 Qtrs
Income attributable to noncontrolling interest (continuing operations) NetIncomeLossAttributableToNoncontrollingInterest $15.00M USD 3 Qtrs
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. NetIncomeLoss $463.00M USD 1 Quarter
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. NetIncomeLoss $856.00M USD 3 Qtrs
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. NetIncomeLoss $334.00M USD 1 Quarter
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. NetIncomeLoss $809.00M USD 3 Qtrs
Basic - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $1.48 USD 3 Qtrs
Basic - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.76 USD 1 Quarter
Basic - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.58 USD 1 Quarter
Basic - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $1.42 USD 3 Qtrs
Basic - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 3 Qtrs
Basic - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.09 USD 1 Quarter
Basic - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.09 USD 3 Qtrs
Basic - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareBasic $1.42 USD 3 Qtrs
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareBasic $0.85 USD 1 Quarter
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareBasic $1.57 USD 3 Qtrs
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareBasic $0.58 USD 1 Quarter
Diluted - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $1.48 USD 3 Qtrs
Diluted - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $1.41 USD 3 Qtrs
Diluted - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.76 USD 1 Quarter
Diluted - Continuing Operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.58 USD 1 Quarter
Diluted - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.09 USD 3 Qtrs
Diluted - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.09 USD 1 Quarter
Diluted - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 3 Qtrs
Diluted - Discontinued Operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareDiluted $1.41 USD 3 Qtrs
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareDiluted $0.58 USD 1 Quarter
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareDiluted $0.85 USD 1 Quarter
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) EarningsPerShareDiluted $1.57 USD 3 Qtrs
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 571.00M shares 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 544.00M shares 3 Qtrs
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 571.00M shares 3 Qtrs
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 544.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 545.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 545.00M shares 3 Qtrs
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 572.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 572.00M shares 3 Qtrs
Cash Flow Statement 90 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $192.00M USD 1 Quarter
Net income ProfitLoss $824.00M USD 3 Qtrs
Net income ProfitLoss $58.00M USD 1 Quarter
Net income ProfitLoss $344.00M USD 1 Quarter
Net income ProfitLoss $288.00M USD 1 Quarter
Net income ProfitLoss $856.00M USD 3 Qtrs
Net income ProfitLoss $463.00M USD 1 Quarter
Net income ProfitLoss $335.00M USD 1 Quarter
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $1.04B USD 3 Qtrs
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $1.22B USD 3 Qtrs
Deferred income taxes and investment tax credits, net DeferredIncomeTaxesAndTaxCredits $221.00M USD 3 Qtrs
Deferred income taxes and investment tax credits, net DeferredIncomeTaxesAndTaxCredits $255.00M USD 3 Qtrs
Retirement benefits, net of payments PensionAndOtherPostretirementBenefitExpense $-310.00M USD 3 Qtrs
Retirement benefits, net of payments PensionAndOtherPostretirementBenefitExpense $-283.00M USD 3 Qtrs
Transmission revenue collections, net TransmissionRevenueCollectionNet $-89.00M USD 3 Qtrs
Transmission revenue collections, net TransmissionRevenueCollectionNet $-120.00M USD 3 Qtrs
Gain on sale of Yards Creek GainLossOnSaleOfPropertyPlantEquipment - USD 3 Qtrs
Gain on sale of Yards Creek GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of Yards Creek GainLossOnSaleOfPropertyPlantEquipment $109.00M USD 3 Qtrs
Gain on sale of Yards Creek GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on disposal, net of tax (Note 10) IncomeLossFromDiscontinuedOperationsNetOfTax $47.00M USD 3 Qtrs
Gain on disposal, net of tax (Note 10) IncomeLossFromDiscontinuedOperationsNetOfTax - USD 3 Qtrs
Receivables IncreaseDecreaseInAccountsAndOtherReceivables $-76.00M USD 3 Qtrs
Receivables IncreaseDecreaseInAccountsAndOtherReceivables $167.00M USD 3 Qtrs
Materials and supplies IncreaseDecreaseInInventories $101.00M USD 3 Qtrs
Materials and supplies IncreaseDecreaseInInventories $-73.00M USD 3 Qtrs
Prepaid taxes and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $34.00M USD 3 Qtrs
Prepaid taxes and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $46.00M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayableTrade $49.00M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayableTrade $182.00M USD 3 Qtrs
Accrued taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-124.00M USD 3 Qtrs
Accrued taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-135.00M USD 3 Qtrs
Accrued interest IncreaseDecreaseInInterestPayableNet $-27.00M USD 3 Qtrs
Accrued interest IncreaseDecreaseInInterestPayableNet $9.00M USD 3 Qtrs
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-2.00M USD 3 Qtrs
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-82.00M USD 3 Qtrs
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-19.00M USD 3 Qtrs
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $3.00M USD 3 Qtrs
Collateral, net IncreaseDecreaseInCollateral $101.00M USD 3 Qtrs
Collateral, net IncreaseDecreaseInCollateral $240.00M USD 3 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $-9.00M USD 3 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $76.00M USD 3 Qtrs
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $1.84B USD 3 Qtrs
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $2.10B USD 3 Qtrs
Long-term debt ProceedsFromIssuanceOfLongTermDebt $300.00M USD 3 Qtrs
Long-term debt ProceedsFromIssuanceOfLongTermDebt $1.50B USD 3 Qtrs
Long-term debt RepaymentsOfLongTermDebt $58.00M USD 3 Qtrs
Long-term debt RepaymentsOfLongTermDebt $2.90B USD 3 Qtrs
Short-term borrowings, net RepaymentsOfShortTermDebt $2.20B USD 3 Qtrs
Short-term borrowings, net RepaymentsOfShortTermDebt - USD 3 Qtrs
Discounts (premiums) on debt issuances and redemptions, net PaymentsOfDebtExtinguishmentCosts $137.00M USD 3 Qtrs
Discounts (premiums) on debt issuances and redemptions, net ProceedsOnDebtIssuancesAndRedemptionsNet $29.00M USD 3 Qtrs
Proceeds from FET minority interest sale, net of transaction costs ProceedsFromSaleOfInterestInPartnershipUnit - USD 3 Qtrs
Proceeds from FET minority interest sale, net of transaction costs ProceedsFromSaleOfInterestInPartnershipUnit $2.35B USD 3 Qtrs
Distributions to FET minority interest PaymentsOfDistributionsToAffiliates $15.00M USD 3 Qtrs
Distributions to FET minority interest PaymentsOfDistributionsToAffiliates - USD 3 Qtrs
Capital contributions from FET minority interest ProceedsFromContributionsFromAffiliates - USD 3 Qtrs
Capital contributions from FET minority interest ProceedsFromContributionsFromAffiliates $9.00M USD 3 Qtrs
Common stock dividend payments PaymentsOfDividendsCommonStock $667.00M USD 3 Qtrs
Common stock dividend payments PaymentsOfDividendsCommonStock $636.00M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-45.00M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-3.00M USD 3 Qtrs
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-1.07B USD 3 Qtrs
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-1.41B USD 3 Qtrs
Property additions PaymentsToAcquireProductiveAssets $641.00M USD 1 Quarter
Property additions PaymentsToAcquireProductiveAssets $1.79B USD 3 Qtrs
Property additions PaymentsToAcquireProductiveAssets $542.00M USD 1 Quarter
Property additions PaymentsToAcquireProductiveAssets $1.77B USD 3 Qtrs
Proceeds from sale of Yards Creek ProceedsFromSaleOfProductiveAssets - USD 3 Qtrs
Proceeds from sale of Yards Creek ProceedsFromSaleOfProductiveAssets $155.00M USD 3 Qtrs
Sales of investment securities held in trusts ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $29.00M USD 3 Qtrs
Sales of investment securities held in trusts ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $31.00M USD 3 Qtrs
Purchases of investment securities held in trusts PaymentsToAcquireAvailableForSaleSecuritiesDebt $40.00M USD 3 Qtrs
Purchases of investment securities held in trusts PaymentsToAcquireAvailableForSaleSecuritiesDebt $37.00M USD 3 Qtrs
Asset removal costs PaymentsForRemovalCosts $151.00M USD 3 Qtrs
Asset removal costs PaymentsForRemovalCosts $178.00M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $12.00M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $55.00M USD 3 Qtrs
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-2.00B USD 3 Qtrs
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-1.81B USD 3 Qtrs
Net change in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.12B USD 3 Qtrs
Net change in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.23B USD 3 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.51B USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $277.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $684.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.80B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.51B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $277.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $684.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.80B USD Point-in-time
Stockholders Equity 55 line items
Line Item Tag Value Unit Period
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.39 USD 1 Quarter
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.39 USD 1 Quarter
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.39 USD 1 Quarter
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.39 USD 1 Quarter
Beginning balance, (in shares) CommonStockSharesOutstanding 571.75M shares Point-in-time
Beginning balance, (in shares) CommonStockSharesOutstanding 570.26M shares Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.48B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.24B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.36B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.31B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.76B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.68B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.43B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.24B USD Point-in-time
Net income ProfitLoss $192.00M USD 1 Quarter
Net income ProfitLoss $824.00M USD 3 Qtrs
Net income ProfitLoss $58.00M USD 1 Quarter
Net income ProfitLoss $344.00M USD 1 Quarter
Net income ProfitLoss $288.00M USD 1 Quarter
Net income ProfitLoss $856.00M USD 3 Qtrs
Net income ProfitLoss $463.00M USD 1 Quarter
Net income ProfitLoss $335.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $2.00M USD 3 Qtrs
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-6.00M USD 3 Qtrs
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-2.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Stock Investment Plan and share-based benefit plans StockIssuedDuringPeriodValueStockInvestmentAndEmployeeBenefitPlan $20.00M USD 1 Quarter
Stock Investment Plan and share-based benefit plans StockIssuedDuringPeriodValueStockInvestmentAndEmployeeBenefitPlan $33.00M USD 1 Quarter
Stock Investment Plan and share-based benefit plans StockIssuedDuringPeriodValueStockInvestmentAndEmployeeBenefitPlan $13.00M USD 1 Quarter
Stock Investment Plan and share-based benefit plans StockIssuedDuringPeriodValueStockInvestmentAndEmployeeBenefitPlan $14.00M USD 1 Quarter
Stock Investment Plan and share-based benefit plans StockIssuedDuringPeriodValueStockInvestmentAndEmployeeBenefitPlan $2.00M USD 1 Quarter
Stock Investment Plan and share-based benefit plans StockIssuedDuringPeriodValueStockInvestmentAndEmployeeBenefitPlan $25.00M USD 1 Quarter
Cash dividends declared on common stock DividendsCommonStockCash $446.00M USD 1 Quarter
Cash dividends declared on common stock DividendsCommonStockCash $223.00M USD 1 Quarter
Cash dividends declared on common stock DividendsCommonStockCash $425.00M USD 1 Quarter
Cash dividends declared on common stock DividendsCommonStockCash $212.00M USD 1 Quarter
Distributions to FET minority interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $15.00M USD 1 Quarter
Capital contributions from FET minority interest NoncontrollingInterestIncreaseFromContributionsOfNoncontrollingInterestHolders $-9.00M USD 1 Quarter
Consolidated tax benefit allocation AdjustmentsToAdditionalPaidInCapitalConsolidatedTaxBenefitAllocation - USD 1 Quarter
Other StockholdersEquityOther $4.00M USD 1 Quarter
FET minority interest sale, net of transaction costs (Note 1) NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $2.34B USD 1 Quarter
Ending balance (in shares) CommonStockSharesOutstanding 571.75M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 570.26M shares Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.48B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.24B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.36B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $11.31B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.76B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.68B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.43B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.24B USD Point-in-time
Comprehensive Income 44 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $192.00M USD 1 Quarter
Net income ProfitLoss $824.00M USD 3 Qtrs
Net income ProfitLoss $58.00M USD 1 Quarter
Net income ProfitLoss $344.00M USD 1 Quarter
Net income ProfitLoss $288.00M USD 1 Quarter
Net income ProfitLoss $856.00M USD 3 Qtrs
Net income ProfitLoss $463.00M USD 1 Quarter
Net income ProfitLoss $335.00M USD 1 Quarter
Pension and OPEB prior service costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $2.00M USD 1 Quarter
Pension and OPEB prior service costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $3.00M USD 1 Quarter
Pension and OPEB prior service costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $10.00M USD 3 Qtrs
Pension and OPEB prior service costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $6.00M USD 3 Qtrs
Amortized losses on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax $1.00M USD 3 Qtrs
Amortized losses on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax - USD 1 Quarter
Amortized losses on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax $8.00M USD 3 Qtrs
Amortized losses on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossBeforeTax $2.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossBeforeTax $-9.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossBeforeTax $-3.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossBeforeTax $-2.00M USD 1 Quarter
Income taxes (benefits) on other comprehensive income (loss) OtherComprehensiveIncomeLossTax - USD 3 Qtrs
Income taxes (benefits) on other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-1.00M USD 1 Quarter
Income taxes (benefits) on other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-1.00M USD 1 Quarter
Income taxes (benefits) on other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-3.00M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $2.00M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-2.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-2.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-6.00M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-1.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-1.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-2.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $850.00M USD 3 Qtrs
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $343.00M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $461.00M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $826.00M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $15.00M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP. ComprehensiveIncomeNetOfTax $811.00M USD 3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP. ComprehensiveIncomeNetOfTax $850.00M USD 3 Qtrs
COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP. ComprehensiveIncomeNetOfTax $461.00M USD 1 Quarter
COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP. ComprehensiveIncomeNetOfTax $333.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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