$FE
FIRSTENERGY CORP

2022 Q2 Form 10-Q Financial Statement

#000103129622000053 Filed on July 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $2.818B $2.989B $2.660B
YoY Change 7.48% 9.65% 4.85%
Cost Of Revenue $802.0M $875.0M $758.0M
YoY Change 30.62% 21.87% 20.7%
Gross Profit $2.016B $2.114B $1.902B
YoY Change 0.4% 5.28% -0.37%
Gross Profit Margin 71.54% 70.73% 71.5%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $348.0M $359.0M $439.0M
YoY Change 7.74% -20.93% 11.14%
% of Gross Profit 17.26% 16.98% 23.08%
Operating Expenses $1.569B $1.555B $1.678B
YoY Change -7.49% -0.19% 10.76%
Operating Profit $447.0M $559.0M $224.0M
YoY Change 43.27% 0.0% -43.15%
Interest Expense $265.0M $313.0M -$265.0M
YoY Change -7.67% 9.82% 4.74%
% of Operating Profit 59.28% 55.99% -118.3%
Other Income/Expense, Net -$206.0M -$188.0M $138.0M
YoY Change 30.38% 37.23% 6.98%
Pretax Income $241.0M $371.0M $479.0M
YoY Change 56.49% -12.09% 121.76%
Income Tax $49.00M $83.00M $49.00M
% Of Pretax Income 20.33% 22.37% 10.23%
Net Earnings $187.0M $288.0M $427.0M
YoY Change 222.41% -14.03% 76.45%
Net Earnings / Revenue 6.64% 9.64% 16.05%
Basic Earnings Per Share $0.33 $0.51
Diluted Earnings Per Share $0.33 $0.50 $777.8K
COMMON SHARES
Basic Shares Outstanding 571.0M shares 570.0M shares
Diluted Shares Outstanding 572.0M shares 571.0M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $478.0M $283.0M $1.462B
YoY Change -61.88% -77.91% -15.69%
Cash & Equivalents $478.0M $283.0M $1.462B
Short-Term Investments
Other Short-Term Assets $315.0M $295.0M $187.0M
YoY Change 7.88% 4.98% 19.11%
Inventory $304.0M $273.0M $260.0M
Prepaid Expenses
Receivables $1.140B $1.126B $1.033B
Other Receivables $248.0M $246.0M $246.0M
Total Short-Term Assets $2.539B $2.250B $3.237B
YoY Change -20.56% -29.42% -12.84%
LONG-TERM ASSETS
Property, Plant & Equipment $35.37B $35.00B $34.74B
YoY Change 3.97% 4.03% 4.36%
Goodwill $5.618B $5.618B $5.618B
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $626.0M $646.0M $655.0M
YoY Change 0.64% 6.6% 8.26%
Other Assets $871.0M $1.037B $1.107B
YoY Change 7.13% 6.47% 0.09%
Total Long-Term Assets $42.58B $42.37B $42.20B
YoY Change 3.43% 3.51% 3.55%
TOTAL ASSETS
Total Short-Term Assets $2.539B $2.250B $3.237B
Total Long-Term Assets $42.58B $42.37B $42.20B
Total Assets $45.12B $44.62B $45.43B
YoY Change 1.71% 1.13% 2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.182B $1.090B $943.0M
YoY Change -0.17% 25.29% 14.03%
Accrued Expenses $531.0M $565.0M $596.0M
YoY Change -9.85% -1.4% -11.44%
Deferred Revenue $214.0M
YoY Change
Short-Term Debt $0.00 $350.0M $0.00
YoY Change -100.0% -75.86% -100.0%
Long-Term Debt Due $353.0M $1.055B $1.606B
YoY Change -51.84% 95.73% 1000.0%
Total Short-Term Liabilities $3.370B $4.360B $4.416B
YoY Change -12.94% -5.71% -11.75%
LONG-TERM LIABILITIES
Long-Term Debt $20.76B $21.75B $22.25B
YoY Change -9.82% -2.03% 0.53%
Other Long-Term Liabilities $1.569B $1.559B $1.863B
YoY Change 4.81% 4.42% 2.03%
Total Long-Term Liabilities $9.673B $9.748B $10.09B
YoY Change -3.63% -1.82% 0.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.370B $4.360B $4.416B
Total Long-Term Liabilities $9.673B $9.748B $10.09B
Total Liabilities $13.04B $14.11B $14.51B
YoY Change -6.22% -3.06% -3.89%
SHAREHOLDERS EQUITY
Retained Earnings -$1.130B -$1.317B -$1.605B
YoY Change -54.71% -48.41% -44.43%
Common Stock $11.94B $10.03B $10.24B
YoY Change 20.88% 1.67% 1.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.86B $8.755B $8.675B
YoY Change
Total Liabilities & Shareholders Equity $45.12B $44.62B $45.43B
YoY Change 1.71% 1.13% 2.18%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $187.0M $288.0M $427.0M
YoY Change 222.41% -14.03% 76.45%
Depreciation, Depletion And Amortization $348.0M $359.0M $439.0M
YoY Change 7.74% -20.93% 11.14%
Cash From Operating Activities $928.0M $355.0M $707.0M
YoY Change 14.0% -33.4% 23.6%
INVESTING ACTIVITIES
Capital Expenditures -$627.0M -$520.0M -$677.0M
YoY Change 0.8% -13.91% -0.15%
Acquisitions
YoY Change
Other Investing Activities -$62.00M $20.00M -$71.00M
YoY Change 16.98% 1900.0% 20.34%
Cash From Investing Activities -$689.0M -$592.0M -$748.0M
YoY Change 2.07% 18.64% 1.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.046B
YoY Change 3506.9%
Cash From Financing Activities -17.00M -$964.0M 868.0M
YoY Change -88.89% 89.39% -48.02%
NET CHANGE
Cash From Operating Activities 928.0M $355.0M 707.0M
Cash From Investing Activities -689.0M -$592.0M -748.0M
Cash From Financing Activities -17.00M -$964.0M 868.0M
Net Change In Cash 222.0M -$1.201B 827.0M
YoY Change -1685.71% 152.84% -45.05%
FREE CASH FLOW
Cash From Operating Activities $928.0M $355.0M $707.0M
Capital Expenditures -$627.0M -$520.0M -$677.0M
Free Cash Flow $1.555B $875.0M $1.384B
YoY Change 8.29% -23.04% 10.72%

Facts In Submission

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