2016 Q4 Form 10-Q Financial Statement

#000113031016000055 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue $2.081B $1.889B $1.791B
YoY Change 16.19% 15.89% -24.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $253.0M $324.0M $246.0M
YoY Change 2.85% 20.9% 7.42%
% of Gross Profit
Operating Expenses $1.838B $1.592B $1.532B
YoY Change 19.97% 19.25% -25.34%
Operating Profit $243.0M $284.0M $226.0M
YoY Change 7.52% 7.17% 2.26%
Interest Expense -$230.0M -$113.0M -$1.075B
YoY Change -78.6% -86.1% 803.36%
% of Operating Profit -94.65% -39.79% -475.66%
Other Income/Expense, Net $149.0M -$8.000M -$2.000M
YoY Change -7550.0% -99.11% -125.0%
Pretax Income $162.0M $276.0M -$818.0M
YoY Change -119.8% -143.46% -491.39%
Income Tax $61.00M $97.00M -$309.0M
% Of Pretax Income 37.65% 35.14%
Net Earnings $101.0M $179.0M -$509.0M
YoY Change -119.84% -145.78% -389.2%
Net Earnings / Revenue 4.85% 9.48% -28.42%
Basic Earnings Per Share $0.23 $0.42 -$1.18
Diluted Earnings Per Share $0.23 $0.41 -$1.18
COMMON SHARES
Basic Shares Outstanding 430.7M shares 430.7M shares 430.3M shares
Diluted Shares Outstanding 433.4M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.294B $1.084B $1.069B
YoY Change 21.05% 2.94% -12.95%
Cash & Equivalents $341.0M $270.0M $264.0M
Short-Term Investments $953.0M $814.0M $805.0M
Other Short-Term Assets $547.0M $389.0M $508.0M
YoY Change 7.68% 5.42% -19.87%
Inventory $312.0M $351.0M $347.0M
Prepaid Expenses
Receivables $740.0M $682.0M $593.0M
Other Receivables $30.00M $23.00M $172.0M
Total Short-Term Assets $2.923B $2.529B $2.689B
YoY Change 8.7% 5.38% -17.72%
LONG-TERM ASSETS
Property, Plant & Equipment $12.31B $12.08B $11.54B
YoY Change 6.67% 8.03% 9.86%
Goodwill $862.0M $862.0M $840.0M
YoY Change 2.62% 2.62% 0.0%
Intangibles
YoY Change
Long-Term Investments $2.505B $2.535B $2.594B
YoY Change -3.43% -29.66% -42.62%
Other Assets $173.0M $134.0M $102.0M
YoY Change 69.61% -9.46% -30.61%
Total Long-Term Assets $18.91B $18.76B $18.60B
YoY Change 1.64% -3.2% -6.44%
TOTAL ASSETS
Total Short-Term Assets $2.923B $2.529B $2.689B
Total Long-Term Assets $18.91B $18.76B $18.60B
Total Assets $21.83B $21.29B $21.29B
YoY Change 2.53% -2.26% -8.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $657.0M $422.0M $483.0M
YoY Change 36.02% 14.99% -32.54%
Accrued Expenses $108.0M $93.00M $117.0M
YoY Change -7.69% -21.19% -5.65%
Deferred Revenue
YoY Change
Short-Term Debt $35.00M $43.00M $40.00M
YoY Change -12.5% -12.24% -24.53%
Long-Term Debt Due $1.025B $772.0M $864.0M
YoY Change 18.63% -17.7% 8.68%
Total Short-Term Liabilities $3.080B $2.398B $2.458B
YoY Change 25.31% -24.85% -11.96%
LONG-TERM LIABILITIES
Long-Term Debt $7.532B $7.736B $7.866B
YoY Change -4.25% 0.97% -1.79%
Other Long-Term Liabilities $278.0M $282.0M $273.0M
YoY Change 1.83% 8.88% 8.76%
Total Long-Term Liabilities $7.810B $8.018B $8.139B
YoY Change -4.04% 1.22% -1.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.080B $2.398B $2.458B
Total Long-Term Liabilities $7.810B $8.018B $8.139B
Total Liabilities $10.89B $10.42B $10.60B
YoY Change 2.76% -6.26% -4.12%
SHAREHOLDERS EQUITY
Retained Earnings -$668.0M -$658.0M -$657.0M
YoY Change 1.67% 1504.88% -242.52%
Common Stock $4.000M $4.000M $4.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 166.0 shares 166.0 shares
Shareholders Equity $3.460B $3.472B $3.461B
YoY Change
Total Liabilities & Shareholders Equity $21.83B $21.29B $21.29B
YoY Change 2.53% -2.26% -8.23%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $101.0M $179.0M -$509.0M
YoY Change -119.84% -145.78% -389.2%
Depreciation, Depletion And Amortization $253.0M $324.0M $246.0M
YoY Change 2.85% 20.9% 7.42%
Cash From Operating Activities $471.0M $394.0M $352.0M
YoY Change 33.81% -0.51% 28.94%
INVESTING ACTIVITIES
Capital Expenditures -$367.0M -$365.0M -$453.0M
YoY Change -18.98% -12.89% 21.12%
Acquisitions
YoY Change
Other Investing Activities $72.00M $93.00M $90.00M
YoY Change -20.0% 40.91% 462.5%
Cash From Investing Activities -$295.0M -$272.0M -$363.0M
YoY Change -18.73% -22.95% 1.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -101.0M -123.0M 48.00M
YoY Change -310.42% 101.64% -68.63%
NET CHANGE
Cash From Operating Activities 471.0M 394.0M 352.0M
Cash From Investing Activities -295.0M -272.0M -363.0M
Cash From Financing Activities -101.0M -123.0M 48.00M
Net Change In Cash 75.00M -1.000M 37.00M
YoY Change 102.7% -94.44% -45.59%
FREE CASH FLOW
Cash From Operating Activities $471.0M $394.0M $352.0M
Capital Expenditures -$367.0M -$365.0M -$453.0M
Free Cash Flow $838.0M $759.0M $805.0M
YoY Change 4.1% -6.87% 24.42%

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FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0 USD
CY2016Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0 USD
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 USD
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
12000000 USD
CY2015Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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5000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
5000000 USD
CY2016Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
9000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
13000000 USD
CY2015Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
2000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
8000000 USD
CY2016Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
8000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
24000000 USD
CY2015Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
1000000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
1000000 USD
CY2016Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
5000000 USD
CY2015Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
1000000 USD
CY2016Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
1000000 USD
CY2014Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
17000000 USD
CY2015Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
10000000 USD
CY2015Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
14000000 USD
CY2015Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
12000000 USD
CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
16000000 USD
CY2016Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
17000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
840000000 USD
CY2016Q3 us-gaap Goodwill
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862000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
22000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
276000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
524000000 USD
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-794000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
73000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
164000000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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-843000000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
164000000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000000 USD
us-gaap Income Taxes Paid Net
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12000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2015Q4 us-gaap Income Taxes Receivable
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172000000 USD
CY2016Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
23000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-450000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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-86000000 USD
us-gaap Increase Decrease In Accounts Payable
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-332000000 USD
us-gaap Increase Decrease In Accounts Payable
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-90000000 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
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7000000 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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5000000 USD
us-gaap Increase Decrease In Margin Deposits Outstanding
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-20000000 USD
us-gaap Increase Decrease In Margin Deposits Outstanding
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us-gaap Increase Decrease In Other Current Assets
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-22000000 USD
us-gaap Increase Decrease In Other Current Assets
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9000000 USD
us-gaap Increase Decrease In Other Current Liabilities
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-36000000 USD
us-gaap Increase Decrease In Other Current Liabilities
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31000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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29000000 USD
us-gaap Increase Decrease In Over Under Energy Recovery
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-71000000 USD
us-gaap Increase Decrease In Over Under Energy Recovery
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43000000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
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us-gaap Increase Decrease In Regulatory Assets And Liabilities
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26000000 USD
us-gaap Increase Decrease In Restricted Cash
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-9000000 USD
us-gaap Increase Decrease In Restricted Cash
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2000000 USD
CY2015Q3 us-gaap Interest And Debt Expense
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88000000 USD
us-gaap Interest And Debt Expense
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266000000 USD
CY2016Q3 us-gaap Interest And Debt Expense
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83000000 USD
us-gaap Interest And Debt Expense
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256000000 USD
us-gaap Interest Paid Net
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323000000 USD
us-gaap Interest Paid Net
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324000000 USD
CY2015Q4 us-gaap Interest Payable Current
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117000000 USD
CY2016Q3 us-gaap Interest Payable Current
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93000000 USD
CY2015Q4 us-gaap Inventory Raw Materials And Supplies
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179000000 USD
CY2016Q3 us-gaap Inventory Raw Materials And Supplies
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191000000 USD
us-gaap Inventory Write Down
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4000000 USD
us-gaap Inventory Write Down
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1000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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21290000000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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21286000000 USD
CY2015Q4 us-gaap Liabilities Current
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2458000000 USD
CY2016Q3 us-gaap Liabilities Current
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2398000000 USD
CY2015Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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458000000 USD
CY2016Q3 us-gaap Liabilities Fair Value Disclosure Recurring
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585000000 USD
CY2015Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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7505000000 USD
CY2016Q3 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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7680000000 USD
CY2015Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2100000000 USD
CY2016Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2500000000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
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7866000000 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
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7736000000 USD
CY2015Q4 us-gaap Marketable Securities Current
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805000000 USD
CY2016Q3 us-gaap Marketable Securities Current
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814000000 USD
CY2015Q3 us-gaap Marketable Securities Gain Loss
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-134000000 USD
us-gaap Marketable Securities Gain Loss
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-72000000 USD
CY2016Q3 us-gaap Marketable Securities Gain Loss
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77000000 USD
us-gaap Marketable Securities Gain Loss
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187000000 USD
us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
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-72000000 USD
us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
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187000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1518000000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1452000000 USD
CY2015Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2016Q3 us-gaap Net Income Loss
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179000000 USD
us-gaap Net Income Loss
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331000000 USD
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us-gaap Nonoperating Income Expense
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CY2016Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2015Q4 us-gaap Notes Receivable Related Parties Noncurrent
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363000000 USD
CY2016Q3 us-gaap Notes Receivable Related Parties Noncurrent
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0 USD
CY2015Q3 us-gaap Operating Income Loss
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265000000 USD
us-gaap Operating Income Loss
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707000000 USD
CY2016Q3 us-gaap Operating Income Loss
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284000000 USD
us-gaap Operating Income Loss
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716000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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102000000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
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134000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-5000000 USD
CY2016Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-1000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-1000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-3000000 USD
CY2016Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-2000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
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CY2015Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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1000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
1000000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
1000000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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1000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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1000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5000000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
4000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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CY2015Q4 us-gaap Other Liabilities Current
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343000000 USD
CY2016Q3 us-gaap Other Liabilities Current
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353000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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273000000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
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282000000 USD
CY2015Q4 us-gaap Other Long Term Debt Current
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328000000 USD
CY2016Q3 us-gaap Other Long Term Debt Current
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250000000 USD
CY2015Q4 us-gaap Other Long Term Debt Noncurrent
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5590000000 USD
CY2016Q3 us-gaap Other Long Term Debt Noncurrent
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5805000000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36000000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
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20000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
41000000 USD
us-gaap Other Operating Activities Cash Flow Statement
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15000000 USD
us-gaap Other Operating Activities Cash Flow Statement
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16000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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8000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9000000 USD
us-gaap Payments Of Dividends Common Stock
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319000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
332000000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
102000000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
363000000 USD
us-gaap Payments To Acquire Productive Assets
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1131000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1047000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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904000000 USD
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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909000000 USD
us-gaap Pension Contributions
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63000000 USD
us-gaap Pension Contributions
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7000000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2016Q3 us-gaap Preferred Stock Shares Authorized
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20000000 shares
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140000000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
154000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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74000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
223000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
600000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-transform:default;">New Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In</font><font style="font-family:inherit;font-size:10pt;color:#252525;"> February 2015, the FASB issued ASU No. 2015-02,&#160;</font><font style="font-family:inherit;font-size:10pt;color:#252525;font-style:italic;">Consolidation (Topic 810): Amendments to the Consolidation </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Analysis</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2015-02).&#160;ASU 2015</font><font style="font-family:inherit;font-size:10pt;color:#252525;">-02 changes the analysis that reporting organizations must perform to evaluate whether they should consolidate certain legal entities, such as limited partnerships.</font><font style="font-family:inherit;font-size:10pt;">&#160;The changes include, among others, modification of the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities and elimination of the presumption that a general partner should consolidate a limited partnership. ASU 2015-02 does not amend the related party guidance for situations in which power is shared between two or more entities that hold interests in a VIE. CenterPoint Energy adopted ASU 2015-02 on January 1, 2016, which CenterPoint Energy determined did not have a material impact on its financial position, results of operations, cash flows and disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU No. 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Cost </font><font style="font-family:inherit;font-size:10pt;">(ASU 2015-03)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:10pt;">ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by ASU 2015-03. CenterPoint Energy adopted ASU 2015-03 retrospectively on January 1, 2016, which resulted in a reduction of other long-term assets, indexed debt and total long-term debt on its Condensed Consolidated Balance Sheets. CenterPoint Energy had debt issuance costs, excluding amounts related to credit facility arrangements, of </font><font style="font-family:inherit;font-size:10pt;">$44 million</font><font style="font-family:inherit;font-size:10pt;"> as of both </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and December 31, 2015. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2015, the FASB issued ASU No. 2015-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2015-07). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy investments for which fair values are measured at NAV using the practical expedient. Entities will be required to disclose the fair value of investments measured using the NAV practical expedient so that financial statement users can reconcile amounts reported in the fair value hierarchy table to amounts reported on the balance sheet. CenterPoint Energy adopted ASU 2015-07 on January 1, 2016, which will have an impact on its employee benefit plan disclosures, beginning with its annual report on Form 10-K for the year ended December 31, 2016. This standard did not have an impact on CenterPoint Energy&#8217;s financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU No. 2015-16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2015-16). ASU 2015-16 eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, an acquirer would recognize a measurement-period adjustment during the period in which the amount of the adjustment is determined. CenterPoint Energy adopted ASU 2015-16 on January 1, 2016, which did not have an impact on its financial position, results of operations or cash flows.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU No. 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-01). ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted for under the equity method to be measured at fair value and to recognize any changes in fair value in net income unless the investments qualify for the new practicability exception. It does not change the guidance for classifying and measuring investments in debt securities and loans. ASU 2016-01 also changes certain disclosure requirements and other aspects related to recognition and measurement of financial assets and financial liabilities. ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. CenterPoint Energy is currently assessing the impact that this standard will have on its financial position, results of operations, cash flows and disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842) </font><font style="font-family:inherit;font-size:10pt;">(ASU 2016-02).&#160;ASU 2016-02 provides a comprehensive new lease model that requires lessees to recognize assets and liabilities for most leases and would change certain aspects of lessor accounting. ASU 2016-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, </font><font style="font-family:inherit;font-size:10pt;color:#252525;">with early adoption permitted.</font><font style="font-family:inherit;font-size:10pt;"> CenterPoint Energy is currently assessing the impact that this standard will have on its financial position, results of operations, cash flows and disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novation on Existing Hedge Accounting Relationships</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-05). ASU 2016-05 clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument in an existing hedging relationship would not, in and of itself, be considered a termination of the derivative instrument or a change in a critical term of the hedging relationship. This clarification applies to both cash flow and fair value hedging relationships. CenterPoint Energy adopted ASU 2016-05 prospectively in the first quarter of 2016, which did not have an impact on its financial position, results of operations, cash flows and disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March, April, and May 2016, the FASB issued ASU No. 2016-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-08), ASU No. 2016-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-10), and ASU No. 2016-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-12), respectively. ASU 2016-08, ASU 2016-10, and ASU 2016-12 clarify certain aspects of ASU No. 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2014-09), which supersedes most current revenue recognition guidance. CenterPoint Energy is currently evaluating the impact that ASU 2016-08, ASU 2016-10, ASU 2016-12, and ASU 2014-09 will have on its financial position, results of operations, cash flows and disclosures and expects to adopt these ASUs on January 1, 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-09). ASU 2016-09 will change the accounting for certain aspects of share-based payments to employees, including the recognition of income tax effects of vested or settled awards in the income statement, instead of within additional paid-in capital. It will also increase the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer&#8217;s statutory income tax withholding obligations. ASU 2016-09 will allow companies to elect between two different methods to account for forfeitures of share-based payments. ASU 2016-09 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016, </font><font style="font-family:inherit;font-size:10pt;color:#252525;">with early adoption permitted.</font><font style="font-family:inherit;font-size:10pt;"> CenterPoint Energy does not expect the adoption of this standard to have a material impact on its financial position, results of operations, cash flows and disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU No. 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-13). ASU 2016-13 requires a new model called the CECL model to estimate credit losses for financial assets subject to credit losses and measured at amortized cost and certain off-balance sheet credit exposures. This includes loans, held-to-maturity debt securities, loan commitments, financial guarantees, and net investments in leases, as well as reinsurance and trade receivables. Upon initial recognition of the exposure, the CECL model requires an entity to estimate the credit losses expected over the life of an exposure based on historical information, current information and reasonable and supportable forecasts, including estimates of prepayments. The update also amends the other-than-temporary impairment model for debt securities classified as available-for-sale. ASU 2016-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted beginning after December 15, 2018. CenterPoint Energy is currently assessing the impact that this standard will have on its financial position, results of operations, cash flows and disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows (Topic 230)-Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;"> (ASU 2016-15). ASU 2016-15 </font><font style="font-family:inherit;font-size:10pt;color:#252525;">provides clarifying guidance on the classification of certain cash receipts and payments in the statement of cash flows and eliminates the variation in practice related to such classifications. ASU 2016-15 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. CenterPoint Energy is currently assessing the impact that this standard will have on its statement of cash flows.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management believes that other recently issued standards, which are not yet effective, will not have a material impact on CenterPoint Energy&#8217;s consolidated financial position, results of operations or cash flows upon adoption.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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