2017 Q4 Form 10-K Financial Statement

#000101387118000011 Filed on March 01, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $2.154B $2.184B $3.421B
YoY Change -1.37% -27.47% -22.85%
Cost Of Revenue $1.297B $1.590B $2.440B
YoY Change -18.43% -28.54% -19.79%
Gross Profit $531.0M $594.0M $981.0M
YoY Change -10.61% -25.28% -29.53%
Gross Profit Margin 24.65% 27.2% 28.68%
Selling, General & Admin $202.0M $294.0M $277.0M
YoY Change -31.29% -11.98% -15.29%
% of Gross Profit 38.04% 49.49% 28.24%
Research & Development $4.000M $24.00M $21.00M
YoY Change -83.33% -41.46% -44.74%
% of Gross Profit 0.75% 4.04% 2.14%
Depreciation & Amortization $95.00M $392.0M $298.0M
YoY Change -75.77% -5.54% -21.99%
% of Gross Profit 17.89% 65.99% 30.38%
Operating Expenses $312.0M $615.0M $298.0M
YoY Change -49.27% -19.92% -18.36%
Operating Profit -$1.200B -$658.0M $429.0M
YoY Change 82.37% -86.08% 13.19%
Interest Expense -$119.0M -$163.0M $237.0M
YoY Change -26.99% -41.79% -18.56%
% of Operating Profit 55.24%
Other Income/Expense, Net $8.000M $5.000M -$272.0M
YoY Change 60.0% -16.67% 2.64%
Pretax Income -$1.508B -$961.0M $156.0M
YoY Change 56.92% -80.68% 36.84%
Income Tax -$47.00M -$70.00M $28.00M
% Of Pretax Income 17.95%
Net Earnings -$1.535B -$987.0M $402.0M
YoY Change 55.52% -84.37% 509.09%
Net Earnings / Revenue -71.26% -45.19% 11.75%
Basic Earnings Per Share -$4.84 -$3.12 $1.27
Diluted Earnings Per Share -$4.84 -$3.12 $1.27
COMMON SHARES
Basic Shares Outstanding 317.0M shares 316.0M shares 316.0M shares
Diluted Shares Outstanding 317.0M shares 316.0M shares 317.0M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $767.0M $938.0M $2.435B
YoY Change -18.23% -38.21% 7.51%
Cash & Equivalents $770.0M $591.0M $1.217B
Short-Term Investments
Other Short-Term Assets $2.111B $3.997B $2.166B
YoY Change -47.19% 15.82% -31.04%
Inventory $453.0M $721.0M $1.017B
Prepaid Expenses
Receivables $900.0M $1.058B $1.362B
Other Receivables $0.00 $0.00 $34.00M
Total Short-Term Assets $4.437B $6.714B $7.014B
YoY Change -33.91% -9.16% -13.12%
LONG-TERM ASSETS
Property, Plant & Equipment $5.974B $15.37B $18.20B
YoY Change -61.13% -17.95% -17.2%
Goodwill $539.0M $662.0M $999.0M
YoY Change -18.58% -33.73% -60.09%
Intangibles
YoY Change
Long-Term Investments $182.0M $1.120B $900.0M
YoY Change -83.75% 7.18% -15.73%
Other Assets $310.0M $841.0M $1.198B
YoY Change -63.14% -30.72% -15.99%
Total Long-Term Assets $12.94B $8.599B $6.274B
YoY Change 50.53% 27.22% -36.82%
TOTAL ASSETS
Total Short-Term Assets $4.437B $6.714B $7.014B
Total Long-Term Assets $12.94B $8.599B $6.274B
Total Assets $23.36B $30.68B $31.49B
YoY Change -23.88% -6.69% -21.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $684.0M $782.0M $945.0M
YoY Change -12.53% -10.01% -19.44%
Accrued Expenses $930.0M $990.0M $1.150B
YoY Change -6.06% 22.22% -5.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $204.0M $516.0M $1.221B
YoY Change -60.47% 7.28% 167.18%
Total Short-Term Liabilities $3.354B $4.702B $4.301B
YoY Change -28.67% 7.47% -0.81%
LONG-TERM LIABILITIES
Long-Term Debt $9.180B $15.96B $18.02B
YoY Change -42.47% -15.94% -8.06%
Other Long-Term Liabilities $534.0M $666.0M $1.480B
YoY Change -19.82% -26.0% 0.14%
Total Long-Term Liabilities $17.96B $21.49B $21.68B
YoY Change -16.44% -5.51% -7.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.354B $4.702B $4.301B
Total Long-Term Liabilities $17.96B $21.49B $21.68B
Total Liabilities $21.31B $26.19B $25.98B
YoY Change -18.64% -3.42% -6.62%
SHAREHOLDERS EQUITY
Retained Earnings -$6.268B -$3.787B -$2.791B
YoY Change 65.51% 25.94% -183.11%
Common Stock $8.380B $8.362B $8.374B
YoY Change 0.22% 0.75% -0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.386B $2.399B $2.399B
YoY Change -0.54% -0.58% 2.96%
Treasury Stock Shares 101.6M shares 102.1M shares 102.1M shares
Shareholders Equity -$346.0M $2.041B $3.042B
YoY Change
Total Liabilities & Shareholders Equity $23.36B $30.68B $31.49B
YoY Change -23.88% -6.69% -21.25%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$1.535B -$987.0M $402.0M
YoY Change 55.52% -84.37% 509.09%
Depreciation, Depletion And Amortization $95.00M $392.0M $298.0M
YoY Change -75.77% -5.54% -21.99%
Cash From Operating Activities $847.0M $541.0M $386.0M
YoY Change 56.56% -751.81% -58.67%
INVESTING ACTIVITIES
Capital Expenditures -$82.00M -$317.0M -$217.0M
YoY Change -74.13% -19.54% -29.08%
Acquisitions
YoY Change
Other Investing Activities -$135.0M -$220.0M $432.0M
YoY Change -38.64% -256.03% -754.55%
Cash From Investing Activities -$217.0M -$537.0M $215.0M
YoY Change -59.59% 112.25% -157.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -924.0M -328.0M -57.00M
YoY Change 181.71% -19.21% -87.47%
NET CHANGE
Cash From Operating Activities 847.0M 541.0M 386.0M
Cash From Investing Activities -217.0M -537.0M 215.0M
Cash From Financing Activities -924.0M -328.0M -57.00M
Net Change In Cash -294.0M -324.0M 544.0M
YoY Change -9.26% -56.33% 408.41%
FREE CASH FLOW
Cash From Operating Activities $847.0M $541.0M $386.0M
Capital Expenditures -$82.00M -$317.0M -$217.0M
Free Cash Flow $929.0M $858.0M $603.0M
YoY Change 8.28% 175.88% -51.37%

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-1788000000 USD
CY2015 nrg Impairment Losses
ImpairmentLosses
4916000000 USD
CY2016 nrg Impairment Losses
ImpairmentLosses
972000000 USD
CY2017 nrg Impairment Losses
ImpairmentLosses
1788000000 USD
CY2015 nrg Income Lossfrom Equity Method Investmentof Unconsolidated Affiliates
IncomeLossfromEquityMethodInvestmentofUnconsolidatedAffiliates
-37000000 USD
CY2016 nrg Income Lossfrom Equity Method Investmentof Unconsolidated Affiliates
IncomeLossfromEquityMethodInvestmentofUnconsolidatedAffiliates
-54000000 USD
CY2017 nrg Income Lossfrom Equity Method Investmentof Unconsolidated Affiliates
IncomeLossfromEquityMethodInvestmentofUnconsolidatedAffiliates
-55000000 USD
CY2015 nrg Income Tax Reconciliation Impact Of Non Taxable Equity Earning
IncomeTaxReconciliationImpactOfNonTaxableEquityEarning
-10000000 USD
CY2016 nrg Income Tax Reconciliation Impact Of Non Taxable Equity Earning
IncomeTaxReconciliationImpactOfNonTaxableEquityEarning
22000000 USD
CY2017 nrg Income Tax Reconciliation Impact Of Non Taxable Equity Earning
IncomeTaxReconciliationImpactOfNonTaxableEquityEarning
-5000000 USD
CY2017 nrg Income Taxes Threshold Percentage
IncomeTaxesThresholdPercentage
0.50 pure
CY2017Q4 nrg Industry Mutual Insurance Company Multiplier
IndustryMutualInsuranceCompanyMultiplier
10 pure
CY2015 nrg Intercompany Dividend From Parent Financing Activities
IntercompanyDividendFromParentFinancingActivities
0 USD
CY2016 nrg Intercompany Dividend From Parent Financing Activities
IntercompanyDividendFromParentFinancingActivities
0 USD
CY2017 nrg Intercompany Dividend From Parent Financing Activities
IntercompanyDividendFromParentFinancingActivities
0 USD
CY2015 nrg Intercompany Dividend Proceeds Financing
IntercompanyDividendProceedsFinancing
0 USD
CY2016 nrg Intercompany Dividend Proceeds Financing
IntercompanyDividendProceedsFinancing
0 USD
CY2017 nrg Intercompany Dividend Proceeds Financing
IntercompanyDividendProceedsFinancing
0 USD
CY2015 nrg Intercompany Dividend Proceeds Investing
IntercompanyDividendProceedsInvesting
0 USD
CY2016 nrg Intercompany Dividend Proceeds Investing
IntercompanyDividendProceedsInvesting
0 USD
CY2017 nrg Intercompany Dividend Proceeds Investing
IntercompanyDividendProceedsInvesting
0 USD
CY2015 nrg Investments In Proceeds From Sales Of Unconsolidated Affiliates
InvestmentsInProceedsFromSalesOfUnconsolidatedAffiliates
-395000000 USD
CY2016 nrg Investments In Proceeds From Sales Of Unconsolidated Affiliates
InvestmentsInProceedsFromSalesOfUnconsolidatedAffiliates
-23000000 USD
CY2017 nrg Investments In Proceeds From Sales Of Unconsolidated Affiliates
InvestmentsInProceedsFromSalesOfUnconsolidatedAffiliates
-40000000 USD
CY2017Q4 nrg Longterm Debtexcluding Unamortized Discount Premiumnet
LongtermDebtexcludingUnamortizedDiscountPremiumnet
16638000000 USD
CY2017 nrg Maximum Remaining Termunder Individual Purchased Power Contract
MaximumRemainingTermunderIndividualPurchasedPowerContract
P5Y
CY2017Q4 nrg Mutual Lost Revenue Insurance Maximum Weekly Recovery
MutualLostRevenueInsuranceMaximumWeeklyRecovery
2520000 USD
CY2017Q4 nrg Mutual Property Insurance Additional Blanket Policy Property Coverage
MutualPropertyInsuranceAdditionalBlanketPolicyPropertyCoverage
1250000000 USD
CY2017Q4 nrg Mutual Property Insurance Individual Maximum Property Coverage Limit
MutualPropertyInsuranceIndividualMaximumPropertyCoverageLimit
1500000000 USD
CY2017Q4 nrg Net Credit Exposure
NetCreditExposure
196000000 USD
CY2017Q4 nrg Net Deferred Tax Assetbeforevaluationallowance
NetDeferredTaxAssetbeforevaluationallowance
1900000000 USD
CY2016Q4 nrg Prepaid Expense And Other Assets Current Less Accounts Receivable Affiliate
PrepaidExpenseAndOtherAssetsCurrentLessAccountsReceivableAffiliate
290000000 USD
CY2017Q4 nrg Prepaid Expense And Other Assets Current Less Accounts Receivable Affiliate
PrepaidExpenseAndOtherAssetsCurrentLessAccountsReceivableAffiliate
261000000 USD
CY2015 nrg Proceeds From Payments To Intercompany Loans
ProceedsFromPaymentsToIntercompanyLoans
0 USD
CY2016 nrg Proceeds From Payments To Intercompany Loans
ProceedsFromPaymentsToIntercompanyLoans
0 USD
CY2015 nrg Noncashadjustmentforissuanceofconvertibledebt
Noncashadjustmentforissuanceofconvertibledebt
23000000 USD
CY2015 nrg Noncontrolling Interest Contributionsfrom Noncontrolling Interest Holders
NoncontrollingInterestContributionsfromNoncontrollingInterestHolders
234000000 USD
CY2016 nrg Noncontrolling Interest Contributionsfrom Noncontrolling Interest Holders
NoncontrollingInterestContributionsfromNoncontrollingInterestHolders
30000000 USD
CY2017 nrg Noncontrolling Interest Contributionsfrom Noncontrolling Interest Holders
NoncontrollingInterestContributionsfromNoncontrollingInterestHolders
160000000 USD
CY2016Q4 nrg Nuclear Decommissioning Trust Fund Liability Noncurrent
NuclearDecommissioningTrustFundLiabilityNoncurrent
339000000 USD
CY2017Q4 nrg Nuclear Decommissioning Trust Fund Liability Noncurrent
NuclearDecommissioningTrustFundLiabilityNoncurrent
415000000 USD
CY2017Q4 nrg Nuclear Insurance Financial Protection Pool Maximum Annual Assessment
NuclearInsuranceFinancialProtectionPoolMaximumAnnualAssessment
19000000 USD
CY2017Q4 nrg Nuclear Insurance Financial Protection Pool Maximum Assessment
NuclearInsuranceFinancialProtectionPoolMaximumAssessment
127000000 USD
CY2017Q4 nrg Nuclear Insurance Financial Protection Pool Maximum Assessment Administrative Fee As A Percent
NuclearInsuranceFinancialProtectionPoolMaximumAssessmentAdministrativeFeeAsAPercent
0.05 pure
CY2017Q4 nrg Nuclear Insurance Financial Protection Pool Nuclear Operator Maximum Annual Assessment
NuclearInsuranceFinancialProtectionPoolNuclearOperatorMaximumAnnualAssessment
8000000 USD
CY2017Q4 nrg Nuclear Insurance Financial Protection Pool Nuclear Operator Total Assessment
NuclearInsuranceFinancialProtectionPoolNuclearOperatorTotalAssessment
112000000 USD
CY2017Q4 nrg Nuclear Insurance Financial Protection Pool Value
NuclearInsuranceFinancialProtectionPoolValue
13000000000 USD
CY2017Q4 nrg Nuclear Insurance Per Incident Coverage Limit
NuclearInsurancePerIncidentCoverageLimit
13440000000 USD
CY2017Q4 nrg Nuclear Insurance Requirement Per Site
NuclearInsuranceRequirementPerSite
450000000 USD
CY2017 nrg Number Of Years Board Of Directors Of Industry Mutual Insurance Company Can Adjust Policy After Policy Expires
NumberOfYearsBoardOfDirectorsOfIndustryMutualInsuranceCompanyCanAdjustPolicyAfterPolicyExpires
P6Y
CY2017Q4 nrg Other Assets Noncurrent Emission Allowances
OtherAssetsNoncurrentEmissionAllowances
9000000 USD
CY2015 nrg Other Comprehensive Income Loss Including Oc Ifor Nci
OtherComprehensiveIncomeLossIncludingOCIforNCI
-3000000 USD
CY2016 nrg Other Comprehensive Income Loss Including Oc Ifor Nci
OtherComprehensiveIncomeLossIncludingOCIforNCI
38000000 USD
CY2017 nrg Other Comprehensive Income Loss Including Oc Ifor Nci
OtherComprehensiveIncomeLossIncludingOCIforNCI
51000000 USD
CY2015 nrg Payments To Settle Acquired Derivatives That Include Financing Elements
PaymentsToSettleAcquiredDerivativesThatIncludeFinancingElements
-14000000 USD
CY2016 nrg Payments To Settle Acquired Derivatives That Include Financing Elements
PaymentsToSettleAcquiredDerivativesThatIncludeFinancingElements
-6000000 USD
CY2017 nrg Payments To Settle Acquired Derivatives That Include Financing Elements
PaymentsToSettleAcquiredDerivativesThatIncludeFinancingElements
-2000000 USD
CY2017 nrg Period Beyondwhich Comapny Can Not Predict Holdingof Collateral
PeriodBeyondwhichComapnyCanNotPredictHoldingofCollateral
P12M
CY2017 nrg Periodofretrospectivepremiumadjustments
Periodofretrospectivepremiumadjustments
P24M
CY2017Q4 nrg Power Generation Capacity Megawatts
PowerGenerationCapacityMegawatts
30000
CY2017 nrg Proceeds From Payments To Intercompany Loans
ProceedsFromPaymentsToIntercompanyLoans
0 USD
CY2015 nrg Proceeds From Renewable Energy Grants
ProceedsFromRenewableEnergyGrants
82000000 USD
CY2016 nrg Proceeds From Renewable Energy Grants
ProceedsFromRenewableEnergyGrants
36000000 USD
CY2017 nrg Proceeds From Renewable Energy Grants
ProceedsFromRenewableEnergyGrants
8000000 USD
CY2015 nrg Proceedsfromsaleofnoncontrollinginterestsinsubsidiaries
Proceedsfromsaleofnoncontrollinginterestsinsubsidiaries
600000000 USD
CY2016 nrg Proceedsfromsaleofnoncontrollinginterestsinsubsidiaries
Proceedsfromsaleofnoncontrollinginterestsinsubsidiaries
0 USD
CY2017 nrg Proceedsfromsaleofnoncontrollinginterestsinsubsidiaries
Proceedsfromsaleofnoncontrollinginterestsinsubsidiaries
0 USD
CY2015 nrg Redeemable Noncontrolling Interest Cash Contributionsfrom Noncontrolling Interest Holders
RedeemableNoncontrollingInterestCashContributionsfromNoncontrollingInterestHolders
27000000 USD
CY2016 nrg Redeemable Noncontrolling Interest Cash Contributionsfrom Noncontrolling Interest Holders
RedeemableNoncontrollingInterestCashContributionsfromNoncontrollingInterestHolders
33000000 USD
CY2017 nrg Redeemable Noncontrolling Interest Cash Contributionsfrom Noncontrolling Interest Holders
RedeemableNoncontrollingInterestCashContributionsfromNoncontrollingInterestHolders
99000000 USD
CY2015 nrg Revenues From Resale Of Purchased Power
RevenuesFromResaleOfPurchasedPower
165000000 USD
CY2016 nrg Revenues From Resale Of Purchased Power
RevenuesFromResaleOfPurchasedPower
154000000 USD
CY2017 nrg Revenues From Resale Of Purchased Power
RevenuesFromResaleOfPurchasedPower
187000000 USD
CY2015 nrg Reversal Of Previously Unrecognized Unrealized Gain Loss Acquired As Part Of Acquisition Trading Activity
ReversalOfPreviouslyUnrecognizedUnrealizedGainLossAcquiredAsPartOfAcquisitionTradingActivity
14000000 USD
CY2016 nrg Reversal Of Previously Unrecognized Unrealized Gain Loss Acquired As Part Of Acquisition Trading Activity
ReversalOfPreviouslyUnrecognizedUnrealizedGainLossAcquiredAsPartOfAcquisitionTradingActivity
0 USD
CY2017 nrg Reversal Of Previously Unrecognized Unrealized Gain Loss Acquired As Part Of Acquisition Trading Activity
ReversalOfPreviouslyUnrecognizedUnrealizedGainLossAcquiredAsPartOfAcquisitionTradingActivity
0 USD
CY2015 nrg Reversal Previously Recognized Unrealized Gains Losses Acquiredas Partof Acquisition Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesAcquiredasPartofAcquisitionEconomicHedges
22000000 USD
CY2016 nrg Reversal Previously Recognized Unrealized Gains Losses Acquiredas Partof Acquisition Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesAcquiredasPartofAcquisitionEconomicHedges
12000000 USD
CY2017 nrg Reversal Previously Recognized Unrealized Gains Losses Acquiredas Partof Acquisition Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesAcquiredasPartofAcquisitionEconomicHedges
0 USD
CY2015 nrg Reversal Previously Recognized Unrealized Gains Losses Settled Positions Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesSettledPositionsEconomicHedges
162000000 USD
CY2016 nrg Reversal Previously Recognized Unrealized Gains Losses Settled Positions Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesSettledPositionsEconomicHedges
128000000 USD
CY2017 nrg Reversal Previously Recognized Unrealized Gains Losses Settled Positions Economic Hedges
ReversalPreviouslyRecognizedUnrealizedGainsLossesSettledPositionsEconomicHedges
-47000000 USD
CY2015 nrg Reversal Previously Unrecognized Unrealized Gains Losses Settled Positions Trading Activity
ReversalPreviouslyUnrecognizedUnrealizedGainsLossesSettledPositionsTradingActivity
46000000 USD
CY2016 nrg Reversal Previously Unrecognized Unrealized Gains Losses Settled Positions Trading Activity
ReversalPreviouslyUnrecognizedUnrealizedGainsLossesSettledPositionsTradingActivity
-10000000 USD
CY2017 nrg Reversal Previously Unrecognized Unrealized Gains Losses Settled Positions Trading Activity
ReversalPreviouslyUnrecognizedUnrealizedGainsLossesSettledPositionsTradingActivity
25000000 USD
CY2017Q4 nrg Tax Cut And Jobs Act Of2017 Deferred Tax Asset Valuation Allowance Adjustment Change In Effective Tax Rate
TaxCutAndJobsActOf2017DeferredTaxAssetValuationAllowanceAdjustmentChangeInEffectiveTaxRate
1800000000 USD
CY2015 nrg Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Effective Income Tax Rate Reconciliation
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateEffectiveIncomeTaxRateReconciliation
0 USD
CY2016 nrg Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Effective Income Tax Rate Reconciliation
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateEffectiveIncomeTaxRateReconciliation
0 USD
CY2017 nrg Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Effective Income Tax Rate Reconciliation
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateEffectiveIncomeTaxRateReconciliation
733000000 USD
CY2015 nrg Tax Cuts And Jobs Actof2017 Incomeplete Accounting Effective Income Tax Rate Reconciliation Changein Deferred Tax Assets Valuation Allowance Amount
TaxCutsAndJobsActof2017IncomepleteAccountingEffectiveIncomeTaxRateReconciliationChangeinDeferredTaxAssetsValuationAllowanceAmount
0 USD
CY2016 nrg Tax Cuts And Jobs Actof2017 Incomeplete Accounting Effective Income Tax Rate Reconciliation Changein Deferred Tax Assets Valuation Allowance Amount
TaxCutsAndJobsActof2017IncomepleteAccountingEffectiveIncomeTaxRateReconciliationChangeinDeferredTaxAssetsValuationAllowanceAmount
0 USD
CY2017 nrg Tax Cuts And Jobs Actof2017 Incomeplete Accounting Effective Income Tax Rate Reconciliation Changein Deferred Tax Assets Valuation Allowance Amount
TaxCutsAndJobsActof2017IncomepleteAccountingEffectiveIncomeTaxRateReconciliationChangeinDeferredTaxAssetsValuationAllowanceAmount
-660000000 USD
CY2016Q2 nrg Temporary Equity Redemption Percentage
TemporaryEquityRedemptionPercentage
1.00 pure
CY2016Q2 nrg Temporary Equity Redemption Percentage
TemporaryEquityRedemptionPercentage
1.00 pure
CY2015 nrg Unrealized Gain Loss On Derivatives Mark To Market Economic Hedging Activities
UnrealizedGainLossOnDerivativesMarkToMarketEconomicHedgingActivities
-193000000 USD
CY2016 nrg Unrealized Gain Loss On Derivatives Mark To Market Economic Hedging Activities
UnrealizedGainLossOnDerivativesMarkToMarketEconomicHedgingActivities
-134000000 USD
CY2017 nrg Unrealized Gain Loss On Derivatives Mark To Market Economic Hedging Activities
UnrealizedGainLossOnDerivativesMarkToMarketEconomicHedgingActivities
193000000 USD
CY2015 nrg Unrealized Gain Losson Derivatives Mark To Market Trading Activities
UnrealizedGainLossonDerivativesMarkToMarketTradingActivities
-76000000 USD
CY2016 nrg Unrealized Gain Losson Derivatives Mark To Market Trading Activities
UnrealizedGainLossonDerivativesMarkToMarketTradingActivities
28000000 USD
CY2017 nrg Unrealized Gain Losson Derivatives Mark To Market Trading Activities
UnrealizedGainLossonDerivativesMarkToMarketTradingActivities
-11000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Current Assets
VariableInterestEntityConsolidatedCarryingAmountCurrentAssets
87000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Current Assets
VariableInterestEntityConsolidatedCarryingAmountCurrentAssets
118000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Current Liabilities
VariableInterestEntityConsolidatedCarryingAmountCurrentLiabilities
59000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Current Liabilities
VariableInterestEntityConsolidatedCarryingAmountCurrentLiabilities
96000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Longterm Debt
VariableInterestEntityConsolidatedCarryingAmountLongtermDebt
442000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Longterm Debt
VariableInterestEntityConsolidatedCarryingAmountLongtermDebt
661000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Net Property Plantand Equipment
VariableInterestEntityConsolidatedCarryingAmountNetPropertyPlantandEquipment
1534000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Net Property Plantand Equipment
VariableInterestEntityConsolidatedCarryingAmountNetPropertyPlantandEquipment
2337000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Noncontrolling Interest
VariableInterestEntityConsolidatedCarryingAmountNoncontrollingInterest
529000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Noncontrolling Interest
VariableInterestEntityConsolidatedCarryingAmountNoncontrollingInterest
507000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Other Longterm Assets
VariableInterestEntityConsolidatedCarryingAmountOtherLongtermAssets
954000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Other Longterm Assets
VariableInterestEntityConsolidatedCarryingAmountOtherLongtermAssets
658000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Other Longterm Liabilities
VariableInterestEntityConsolidatedCarryingAmountOtherLongtermLiabilities
183000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Other Longterm Liabilities
VariableInterestEntityConsolidatedCarryingAmountOtherLongtermLiabilities
209000000 USD
CY2016Q4 nrg Variable Interest Entity Consolidated Carrying Amount Redeemable Noncontrolling Interest
VariableInterestEntityConsolidatedCarryingAmountRedeemableNoncontrollingInterest
46000000 USD
CY2017Q4 nrg Variable Interest Entity Consolidated Carrying Amount Redeemable Noncontrolling Interest
VariableInterestEntityConsolidatedCarryingAmountRedeemableNoncontrollingInterest
78000000 USD
CY2017Q4 nrg Working Capital Facility Amount Drawn
WorkingCapitalFacilityAmountDrawn
14000000 USD
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
782000000 USD
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
881000000 USD
CY2016Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
31000000 USD
CY2017Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
33000000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1058000000 USD
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1079000000 USD
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7000000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5336000000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4465000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-68000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-101000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-66000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-54000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-10000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-11000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-135000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-72000000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
8358000000 USD
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
8376000000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24000000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
29000000 USD
CY2015 us-gaap Advertising Expense
AdvertisingExpense
135000000 USD
CY2016 us-gaap Advertising Expense
AdvertisingExpense
53000000 USD
CY2017 us-gaap Advertising Expense
AdvertisingExpense
42000000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44000000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
29000000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
28000000 USD
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
47000000 USD
CY2016 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
55000000 USD
CY2017 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
60000000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
238000000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
231000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
207000000 USD
CY2015 us-gaap Amortization Of Power Contracts Emission Credits
AmortizationOfPowerContractsEmissionCredits
45000000 USD
CY2016 us-gaap Amortization Of Power Contracts Emission Credits
AmortizationOfPowerContractsEmissionCredits
49000000 USD
CY2017 us-gaap Amortization Of Power Contracts Emission Credits
AmortizationOfPowerContractsEmissionCredits
51000000 USD
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22000000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5000000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5000000 shares
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4860000000 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
702000000 USD
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1709000000 USD
CY2016Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
735000000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
771000000 USD
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
35000000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
21000000 USD
CY2017 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-3000000 USD
CY2016Q4 us-gaap Assets
Assets
30682000000 USD
CY2017Q4 us-gaap Assets
Assets
23318000000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
6714000000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
4415000000 USD
CY2016Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
8599000000 USD
CY2017 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
22000000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
14000000 USD
CY2017Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
4995000000 USD
CY2016Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
9000000 USD
CY2017Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
115000000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
21000000 USD
CY2016 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
26000000 USD
CY2016 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
11000000 USD
CY2017 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
8000000 USD
CY2016 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
217000000 USD
CY2017 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
276000000 USD
CY2016 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
4000000 USD
CY2017 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
2000000 USD
CY2016Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
547000000 USD
CY2017Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
460000000 USD
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
44000000 USD
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
-44000000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
35000000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
70000000 USD
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
6000000 USD
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
5000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
853000000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
938000000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
991000000 USD
CY2014Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1671000000 USD
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1322000000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1386000000 USD
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CY2017Q4 us-gaap Due From Related Parties Current
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CY2017Q4 us-gaap Due To Affiliate Current
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CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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37000000 USD
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CY2016Q4 us-gaap Energy Related Inventory Coal
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90000000 USD
CY2015 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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CY2017Q4 us-gaap Equity Method Investments
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1800000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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150000000 USD
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34000000 USD
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10000000 USD
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64000000 USD
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128000000 USD
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99000000 USD
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190000000 USD
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104000000 USD
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265000000 USD
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92000000 USD
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13000000 USD
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3023000000 USD
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398000000 USD
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482000000 USD
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18000000 USD
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1000000 USD
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10000000 USD
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2000000 USD
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340000000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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0 USD
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30000000 USD
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2000000 USD
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13000000 USD
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5000000 USD
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0 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Investment
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33000000 USD
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20000000 USD
CY2015 us-gaap Income Taxes Paid
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CY2017 us-gaap Income Taxes Paid
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14000000 USD
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9000000 USD
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77000000 USD
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99000000 USD
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91000000 USD
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59000000 USD
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143000000 USD
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216000000 USD
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11000000 USD
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40000000 USD
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216000000 USD
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21000000 USD
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44000000 USD
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25000000 USD
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30000000 USD
CY2017 us-gaap Interest Costs Capitalized
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34000000 USD
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890000000 USD
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924000000 USD
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890000000 USD
CY2017 us-gaap Interest Paid Net
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868000000 USD
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180000000 USD
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156000000 USD
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721000000 USD
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532000000 USD
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33000000 USD
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512000000 USD
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0 USD
CY2016 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
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0 USD
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0 USD
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0 USD
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0 USD
CY2017 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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31000000 USD
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209000000 USD
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1029000000 USD
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41000000 USD
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1111000000 USD
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510000000 USD
CY2017Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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458000000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of trust funds, accounts receivable, notes receivable, derivatives, and investments in debt securities. Trust funds are held in accounts managed by experienced investment advisors. Certain accounts receivable, notes receivable, and derivative instruments are concentrated within entities engaged in the energy industry. These industry concentrations may impact the Company's overall exposure to credit risk, either positively or negatively, in that the customers may be similarly affected by changes in economic, industry or other conditions. Receivables and other contractual arrangements are subject to collateral requirements under the terms of enabling agreements. However, the Company believes that the credit risk posed by industry concentration is offset by the diversification and creditworthiness of its customer base. See </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Note 4</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;font-style:italic;text-decoration:none;">Fair Value of Financial Instruments</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">,</font><font style="font-family:inherit;font-size:10pt;"> for a further discussion of derivative concentrations.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2017 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Nature of Business</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">General</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NRG Energy, Inc., or NRG or the Company, is a leading integrated power company built on the strength of a diverse competitive electric generation portfolio and leading retail electricity platform. NRG aims to create a sustainable energy future by producing, selling and delivering electricity and related products and services in major competitive power markets in the U.S. in a manner that delivers value to all of NRG's stakeholders. The Company owns and operates approximately </font><font style="font-family:inherit;font-size:10pt;">30,000</font><font style="font-family:inherit;font-size:10pt;"> MW of generation; engages in the trading of wholesale energy, capacity and related products; transacts in and trades fuel and transportation services; and directly sells energy, services, and innovative, sustainable products and services to retail customers under the names &#8220;NRG&#8221;, "Reliant" and other retail brand names owned by NRG.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Generation consists of the Company&#8217;s wholesale operations, commercial operations, EPC operations, energy services and other critical related functions. NRG has traditionally referred to this business as its wholesale power generation business. In addition to the traditional functions from NRG&#8217;s wholesale power generation business, Generation also includes NRG&#8217;s business solutions, which include demand response, commodity sales, energy efficiency and energy management services, and NRG&#8217;s conventional distributed generation business, consisting of reliability, combined heat and power, thermal and district heating and cooling and large-scale distributed generation. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Retail is a consumer facing business that includes the Company&#8217;s residential retail and C&amp;I business. Products and services range from retail energy, portable solar and battery products home services, and a variety of bundled products which combine energy with protection products, energy efficiency and renewable energy solutions as well as other distributed and reliability products.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Renewables operates the Company&#8217;s existing renewables business, including operation of the NRG Yield renewable assets. Renewables is also one of the largest solar and wind power developers and owner-operators in the U.S., having developed, constructed and financed a full range of solutions for utilities, schools, municipalities and commercial market segments. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">GenOn Chapter 11 Cases</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 14, 2017, or the Petition Date, GenOn, along with GenOn Americas Generation and certain of their directly and indirectly-owned subsidiaries, or collectively the GenOn Entities, filed voluntary petitions for relief under Chapter 11, or the Chapter 11 Cases, of the U.S. Bankruptcy Code, or the Bankruptcy Code, in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, or the Bankruptcy Court. GenOn Mid-Atlantic, as well as its consolidated subsidiaries, REMA and certain other subsidiaries, did not file for relief under Chapter 11.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;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:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of the bankruptcy filings and beginning on June 14, 2017, GenOn and its subsidiaries were deconsolidated from NRG&#8217;s consolidated financial statements. NRG recorded its investment in GenOn under the cost method with an estimated fair value of </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;">. NRG determined that this disposal of GenOn and its subsidiaries is a discontinued operation; and, accordingly, the financial information for all historical periods has been recast to reflect GenOn as a discontinued operation. In connection with the disposal, NRG recorded a loss on deconsolidation of </font><font style="font-family:inherit;font-size:10pt;">$208 million</font><font style="font-family:inherit;font-size:10pt;"> during the quarter ended June 30, 2017. See </font><font style="font-family:inherit;font-size:10pt;">Note 3</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations, Acquisitions and Dispositions</font><font style="font-family:inherit;font-size:10pt;">, for more information. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;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:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to the GenOn Entities' filing the Chapter 11 Cases, on June 12, 2017, NRG entered into a restructuring support and lock-up agreement, or the Restructuring Support Agreement, with the GenOn Entities and certain holders of the GenOn and GenOn Americas Generation Senior Notes, that provides for a restructuring and recapitalization of the GenOn Entities through a prearranged plan of reorganization. On December 12, 2017, the Bankruptcy Court entered an order confirming the plan of reorganization. There is no assurance that the GenOn Entities' plan will be successfully implemented. The principal terms of the Restructuring Support Agreement and further information regarding the Chapter 11 Cases are described further in </font><font style="font-family:inherit;font-size:10pt;">Note 3</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations, Acquisitions and Dispositions</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">.</font></div><div style="line-height:120%;text-align:justify;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:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Transformation Plan</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 12, 2017, NRG announced its Transformation Plan designed to significantly strengthen earnings and cost competitiveness, lower risk and volatility, and create significant shareholder value. The three-part, </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year plan is comprised of the following targets: </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;padding-left:30px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operations and cost excellence </font><font style="font-family:inherit;font-size:10pt;">&#8212; Cost savings and margin enhancement of </font><font style="font-family:inherit;font-size:10pt;">$1,065 million</font><font style="font-family:inherit;font-size:10pt;"> recurring, which consists of </font><font style="font-family:inherit;font-size:10pt;">$590 million</font><font style="font-family:inherit;font-size:10pt;"> of annual cost savings, a </font><font style="font-family:inherit;font-size:10pt;">$215 million</font><font style="font-family:inherit;font-size:10pt;"> net margin enhancement program, </font><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> annual reduction in maintenance capital expenditures, and </font><font style="font-family:inherit;font-size:10pt;">$210 million</font><font style="font-family:inherit;font-size:10pt;"> in permanent selling, general and administrative expense reduction associated with asset sales.</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;text-align:justify;padding-left:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Portfolio optimization</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Targeting up to </font><font style="font-family:inherit;font-size:10pt;">$3.2 billion</font><font style="font-family:inherit;font-size:10pt;"> of asset sale net cash proceeds, including divestitures of </font><font style="font-family:inherit;font-size:10pt;">6</font><font style="font-family:inherit;font-size:10pt;"> GWs of conventional generation and businesses (excluding GenOn) and the expected monetization of </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of its interest in NRG Yield, Inc. and its renewables platform. </font></div><div style="line-height:120%;text-align:justify;padding-left:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Capital structure and allocation enhancements</font><font style="font-family:inherit;font-size:10pt;"> &#8212; A prioritized capital allocation strategy that targets a reduction in consolidated debt from approximately </font><font style="font-family:inherit;font-size:10pt;">$19.5 billion</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">$18 billion</font><font style="font-family:inherit;font-size:10pt;"> net debt) to approximately </font><font style="font-family:inherit;font-size:10pt;">$6.5 billion</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">$6 billion</font><font style="font-family:inherit;font-size:10pt;"> net debt). Following the completion of the contemplated asset sales, the Company expects </font><font style="font-family:inherit;font-size:10pt;">$5.3 billion</font><font style="font-family:inherit;font-size:10pt;"> in excess cash to be available for allocation through 2020, after achieving its targeted </font><font style="font-family:inherit;font-size:10pt;">3.0</font><font style="font-family:inherit;font-size:10pt;">x net debt / Adjusted EBITDA corporate credit ratio. </font></div><div style="line-height:120%;text-align:justify;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:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company expects to fully implement the Transformation Plan by the end of 2020 with significant completion by the end of 2018. The Company expects to realize (i) </font><font style="font-family:inherit;font-size:10pt;">$370 million</font><font style="font-family:inherit;font-size:10pt;"> of working capital improvements through 2020 and (ii) approximately </font><font style="font-family:inherit;font-size:10pt;">$290 million</font><font style="font-family:inherit;font-size:10pt;">, one-time costs to achieve. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">NRG Yield, Inc. Ownership</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2013, the Company formed NRG Yield, Inc. to own and operate a portfolio of contracted generation assets and thermal infrastructure assets that have historically been owned and/or operated by NRG and its subsidiaries. In 2013 and 2014, NRG Yield, Inc. issued Class A common stock to its public shareholders and utilized the proceeds to acquire a controlling interest in NRG Yield LLC, through its ownership of Class A units. At that time, the Company owned the Class B common stock of NRG Yield, Inc. and the Class B units of NRG Yield LLC. On May 14, 2015, NRG Yield, Inc. completed a stock split in connection with which each outstanding share of Class A common stock was split into one share of Class A common stock and one share of Class C common stock, and each outstanding share of Class B common stock was split into one share of Class B common stock and one share of Class D common stock. A similar split was effected at NRG Yield LLC with respect to its member units. The Company consolidates NRG Yield, Inc. for financial reporting purposes as it maintains a controlling voting interest, and presents the public ownership of the Class A and Class C common stock as noncontrolling interest. The Company receives distributions from NRG Yield LLC, through its ownership of Class B and Class D units. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table represents the structure of NRG Yield, Inc. as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><img src="yieldorgpicturerevisedasog03.jpg" alt="yieldorgpicturerevisedasog03.jpg" style="height:539px;width:682px;"></img><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior-year amounts have been reclassified for comparative purposes. The reclassifications did not affect results from operations, net assets or cash flows.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In recording transactions and balances resulting from business operations, the Company uses estimates based on the best information available. Estimates are used for such items as plant depreciable lives, tax provisions, uncollectible accounts, actuarially determined benefit costs, the valuation of energy commodity contracts, environmental liabilities, legal costs incurred in connection with recorded loss contingencies, and assets acquired and liabilities assumed in business combinations, among others. In addition, estimates are used to test long-lived assets and goodwill for impairment and to determine the fair value of impaired assets. As better information becomes available or actual amounts are determinable, the recorded estimates are revised. Consequently, operating results can be affected by revisions to prior accounting estimates.</font></div></div>

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