10-Q Filing

MIDWEST GENERATION LLC CIK: 1134016 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001134016-14-000004`
Period End Date	20140331
Filing Date	20140506
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	nrg-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 24 Cash Flow Statement 40 Comprehensive Income 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property, Plant and Equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.01B	USD	Point-in-time
Property, Plant and Equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.03B	USD	Point-in-time
Membership interests, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Membership interests, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$284.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.00M	USD	Point-in-time
Due from affiliates, net	`DueFromAffiliateCurrent`	$65.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Due from affiliates, net	`DueFromAffiliateCurrent`	$47.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Inventory	`InventoryNet`	$75.00M	USD	Point-in-time
Inventory	`InventoryNet`	$94.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.00M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$430.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$273.00M	USD	Point-in-time
Property, Plant and Equipment, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.52B	USD	Point-in-time
Property, Plant and Equipment, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.50B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$10.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$10.00M	USD	Point-in-time
Total Assets	`Assets`	$1.81B	USD	Point-in-time
Total Assets	`Assets`	$1.94B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$67.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$3.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$6.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	-	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$3.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.00M	USD	Point-in-time
Liabilities subject to compromise	`LiabilitiesSubjectToCompromise`	$540.00M	USD	Point-in-time
Liabilities subject to compromise	`LiabilitiesSubjectToCompromise`	$536.00M	USD	Point-in-time
Benefit plans and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$113.00M	USD	Point-in-time
Benefit plans and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$114.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$732.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$744.00M	USD	Point-in-time
Commitments and Contingencies (Notes 5, 6, 9 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 5, 6, 9 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Membership interests, no par value (100 units authorized, issued and outstanding at each date)	`CommonStockValue`	-	USD	Point-in-time
Membership interests, no par value (100 units authorized, issued and outstanding at each date)	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.40B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.40B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-2.32B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-2.17B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	Point-in-time
Total Member's Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	Point-in-time
Total Member's Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	Point-in-time
Total Liabilities and Member's Equity	`LiabilitiesAndStockholdersEquity`	$1.81B	USD	Point-in-time
Total Liabilities and Member's Equity	`LiabilitiesAndStockholdersEquity`	$1.94B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`ElectricalGenerationRevenue`	$179.00M	USD	1 Quarter
Operating revenues	`ElectricalGenerationRevenue`	$396.00M	USD	1 Quarter
Fuel	`FuelCosts`	$134.00M	USD	1 Quarter
Fuel	`FuelCosts`	$149.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$62.00M	USD	1 Quarter
Plant operations	`OtherCostAndExpenseOperating`	$67.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.00M	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$5.00M	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$6.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$241.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$239.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-60.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$155.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.00M	USD	1 Quarter
Income (Loss) from continuing operations before reorganization items and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$151.00M	USD	1 Quarter
Income (Loss) from continuing operations before reorganization items and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-66.00M	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$1.00M	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$8.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$150.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-74.00M	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`ProfitLoss`	$150.00M	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-74.00M	USD	1 Quarter
Non-cash reorganization items, net	`NonCashReorganizationItems`	$8.00M	USD	1 Quarter
Non-cash reorganization items, net	`NonCashReorganizationItems`	$-1.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$33.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationCashFlowImpact`	$24.00M	USD	1 Quarter
(Increase) decrease in due to/from affiliates, net	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$21.00M	USD	1 Quarter
(Increase) decrease in due to/from affiliates, net	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-3.00M	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$-58.00M	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$-19.00M	USD	1 Quarter
Decrease in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.00M	USD	1 Quarter
Decrease in other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.00M	USD	1 Quarter
(Decrease) increase in accounts payable, other current liabilities and liabilities subject to compromise	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.00M	USD	1 Quarter
(Decrease) increase in accounts payable, other current liabilities and liabilities subject to compromise	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.00M	USD	1 Quarter
(Decrease) increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$-3.00M	USD	1 Quarter
(Decrease) increase in interest payable	`IncreaseDecreaseInInterestPayableNet`	$5.00M	USD	1 Quarter
Decrease in derivative assets and liabilities, net	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$-1.00M	USD	1 Quarter
Decrease in derivative assets and liabilities, net	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	-	USD	1 Quarter
Increase in other operating - liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.00M	USD	1 Quarter
Increase in other operating - liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$174.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.00M	USD	1 Quarter
Repayments of lease financing	`RepaymentsOfLongTermCapitalLeaseObligations`	$6.00M	USD	1 Quarter
Repayments of lease financing	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$166.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$284.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$130.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$284.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$130.00M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Unrealized holding gains (losses) arising during period, income tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-3.00M	USD	1 Quarter
Unrealized holding gains (losses) arising during period, income tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	-	USD	1 Quarter
Reclassification adjustments included in net loss, income tax expense	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	-	USD	1 Quarter
Reclassification adjustments included in net loss, income tax expense	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$150.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-74.00M	USD	1 Quarter
Valuation allowance on deferred tax asset	`ValuationAllowanceonDeferredTaxAssetinOCIChangeinAmount`	$-4.00M	USD	1 Quarter
Valuation allowance on deferred tax asset	`ValuationAllowanceonDeferredTaxAssetinOCIChangeinAmount`	-	USD	1 Quarter
Amortization of net loss and prior service adjustment included in expense, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-1.00M	USD	1 Quarter
Amortization of net loss and prior service adjustment included in expense, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	-	USD	1 Quarter
Unrealized holding gains (losses) arising during periods, net of income tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-5.00M	USD	1 Quarter
Unrealized holding gains (losses) arising during periods, net of income tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustments included in net loss, net of income tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$2.00M	USD	1 Quarter
Reclassification adjustments included in net loss, net of income tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-10.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$150.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-84.00M	USD	1 Quarter

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