7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2012-09-30 2012-06-30 2011-03-31 
      
    		                           
      cash flows from operating activities:
    		                           
      net income
    		532,000,000 318,000,000 414,000,000 296,000,000 466,000,000 98,000,000 267,000,000 192,000,000 420,000,000 254,000,000 310,000,000 -385,000,000 344,000,000 192,000,000 288,000,000 427,000,000 463,000,000 58,000,000 335,000,000 242,000,000 454,000,000 309,000,000 74,000,000 391,000,000 425,000,000 449,000,000 45,000,000 
      adjustments to reconcile net income to net cash from operating activities-
    		                           
      depreciation, amortization and impairments
    		514,000,000 348,000,000 408,000,000 391,000,000 434,000,000 487,000,000 276,000,000 387,000,000 236,000,000 370,000,000 287,000,000                 
      charges associated with changes in aro
    		0                           
      deferred income taxes and investment tax credits
    		66,000,000 59,000,000 97,000,000 92,000,000 59,000,000 53,000,000 112,000,000 95,000,000 24,000,000 101,000,000 32,000,000 768,000,000 98,000,000 46,000,000 77,000,000 42,000,000 79,000,000 94,000,000 82,000,000 -11,000,000 121,000,000 81,000,000 -78,000,000 89,000,000 289,000,000 252,000,000 171,000,000 
      employee benefit costs
    		  -3,000,000 -25,000,000 6,000,000 4,000,000 -17,000,000                     
      transmission revenue collections
    		38,000,000 63,000,000 40,000,000 73,000,000 12,000,000 -20,000,000 48,000,000 -87,000,000 -28,000,000 -55,000,000 -10,000,000 -10,000,000 66,000,000   62,000,000 39,000,000           
      changes in current assets and liabilities-
    		                           
      receivables
    		23,000,000 0 -55,000,000 -52,000,000 19,000,000 -131,000,000 -85,000,000 -11,000,000 -112,000,000 55,000,000 55,000,000 -125,000,000 -58,000,000 -16,000,000 -93,000,000 84,000,000 -45,000,000 -40,000,000 161,000,000 -96,000,000 -108,000,000 24,000,000 51,000,000 11,000,000 64,000,000 -269,000,000 164,000,000 
      materials and supplies
    		17,000,000 -28,000,000 -18,000,000 -13,000,000 0 2,000,000 -26,000,000 -31,000,000 -32,000,000 8,000,000 -36,000,000 -60,000,000 -57,000,000 -31,000,000 -13,000,000 -16,000,000 30,000,000 29,000,000 14,000,000 -9,000,000 -5,000,000   15,000,000 46,000,000 -149,000,000 40,000,000 
      prepaid taxes and other current assets
    		37,000,000 -21,000,000 -108,000,000 44,000,000 78,000,000 17,000,000 -172,000,000 23,000,000 62,000,000 -10,000,000 -118,000,000 18,000,000 75,000,000 -16,000,000 -105,000,000  80,000,000           
      accounts payable
    		-199,000,000 253,000,000 25,000,000 37,000,000 -32,000,000 120,000,000 -1,000,000 100,000,000 62,000,000 -38,000,000 -265,000,000 378,000,000 -57,000,000 92,000,000 147,000,000 68,000,000 -78,000,000 84,000,000 43,000,000 -66,000,000 11,000,000 -17,000,000 -66,000,000 81,000,000 -128,000,000 -32,000,000 -90,000,000 
      accrued taxes
    		-97,000,000 119,000,000 -157,000,000 124,000,000 -139,000,000 65,000,000 -176,000,000 179,000,000 -83,000,000 39,000,000 -103,000,000 157,000,000 -119,000,000 117,000,000 -133,000,000 131,000,000 -12,000,000 15,000,000 -127,000,000 155,000,000 -79,000,000 120,000,000 -37,000,000 12,000,000 142,000,000 -10,000,000 -182,000,000 
      accrued interest
    		-5,000,000 23,000,000 11,000,000 -2,000,000 -13,000,000 -21,000,000 13,000,000 -11,000,000 20,000,000 20,000,000 9,000,000 -2,000,000 1,000,000 -34,000,000 6,000,000  -2,000,000 4,000,000 7,000,000 -1,000,000 14,000,000 -9,000,000 29,000,000  55,000,000 -81,000,000 76,000,000 
      accrued compensation and benefits
    		 20,000,000 -7,000,000  -15,000,000 19,000,000 -178,000,000  19,000,000 56,000,000 -121,000,000  3,000,000 21,000,000 -106,000,000 -34,000,000 96,000,000 31,000,000 -129,000,000 32,000,000 93,000,000 33,000,000 -61,000,000 58,000,000    
      other current liabilities
    		14,000,000 -34,000,000 -16,000,000 -73,000,000 -117,000,000 67,000,000 -18,000,000 -14,000,000 69,000,000 -22,000,000 8,000,000 18,000,000 8,000,000 -15,000,000 10,000,000 3,000,000 8,000,000 -20,000,000 -7,000,000 0 -10,000,000 -7,000,000 1,000,000 45,000,000    
      collateral
    		-19,000,000 -15,000,000 37,000,000  6,000,000 116,000,000 -25,000,000  -26,000,000 -46,000,000 -144,000,000  -22,000,000           -1,000,000    
      employee benefit plan funding and related payments
    		-14,000,000 -12,000,000 -12,000,000 -15,000,000 -13,000,000 -11,000,000 -20,000,000                     
      other
    		-61,000,000 -11,000,000 -19,000,000 -15,000,000 24,000,000 40,000,000 -38,000,000 -60,000,000 13,000,000 2,000,000 9,000,000 29,000,000 18,000,000 44,000,000 14,000,000 17,000,000 45,000,000 -32,000,000 35,000,000 -109,000,000 8,000,000 -33,000,000 28,000,000 55,000,000 -18,000,000 50,000,000 15,000,000 
      net cash provided from operating activities
    		845,000,000   1,044,000,000    958,000,000    846,000,000 554,000,000 928,000,000 355,000,000 707,000,000 757,000,000   572,000,000 701,000,000    1,214,000,000 -429,000,000 491,000,000 
      cash flows from investing activities:
    		                           
      capital investments
    		-1,316,000,000 -1,218,000,000 -1,005,000,000 -1,294,000,000 -1,004,000,000 -942,000,000 -790,000,000 -1,090,000,000 -848,000,000 -769,000,000 -649,000,000                 
      sales of investment securities held in trusts
    		59,000,000 3,000,000 27,000,000 17,000,000 87,000,000 4,000,000 13,000,000 10,000,000 10,000,000 17,000,000 1,000,000 17,000,000 15,000,000 10,000,000 6,000,000 19,000,000 16,000,000 8,000,000 5,000,000 141,000,000 6,000,000 26,000,000 13,000,000 204,000,000 1,751,000,000 -587,000,000 969,000,000 
      purchases of investment securities held in trusts
    		-63,000,000 -6,000,000 -30,000,000 -20,000,000 -90,000,000 -8,000,000 -16,000,000 -13,000,000 -13,000,000 -20,000,000 -4,000,000 -19,000,000 -18,000,000 -13,000,000 -9,000,000 -22,000,000 -18,000,000 -12,000,000 -7,000,000 -145,000,000 -10,000,000 -35,000,000 -18,000,000 -214,000,000 -1,768,000,000 573,000,000 -993,000,000 
      asset removal costs
    		-123,000,000 -83,000,000 -84,000,000 -93,000,000 -77,000,000 -57,000,000 -78,000,000 -84,000,000 -73,000,000 -57,000,000 -60,000,000 -62,000,000 -54,000,000 -48,000,000 -49,000,000 -48,000,000 -67,000,000 -64,000,000 -47,000,000 -49,000,000 -73,000,000 -59,000,000 -43,000,000 -55,000,000    
      net cash from investing activities
    		-1,391,000,000 -1,321,000,000 -1,093,000,000 -1,389,000,000 -1,085,000,000 -1,006,000,000 -870,000,000 -1,179,000,000 -926,000,000 -831,000,000 -716,000,000 -1,073,000,000 -722,000,000 -689,000,000 -592,000,000 -748,000,000 -637,000,000 -675,000,000 -499,000,000 -737,000,000 -765,000,000 -747,000,000 -659,000,000 -745,000,000 -989,000,000   
      cash flows from financing activities:
    		                           
      new financing-
    		                           
      long-term debt
    		1,800,000,000   900,000,000 800,000,000 250,000,000 150,000,000 0 550,000,000 1,650,000,000 950,000,000 400,000,000    600,000,000 0 1,000,000,000 500,000,000 0 250,000,000 1,175,000,000 2,000,000,000 150,000,000 478,000,000 -35,000,000 217,000,000 
      short-term borrowings
    		  1,085,000,000     505,000,000 -80,000,000 -200,000,000 450,000,000    350,000,000  -500,000,000 -950,000,000 -750,000,000 1,900,000,000 185,000,000    -286,000,000 2,104,000,000 -214,000,000 
      redemptions and repayments-
    		                           
      proceeds from fet equity interest sale
    		   0 1,200,000,000 0 2,300,000,000                     
      noncontrolling interest cash distributions
    		-25,000,000 -25,000,000 -24,000,000 -35,000,000 -36,000,000 -7,000,000 -8,000,000                     
      common stock dividend payments
    		-257,000,000 -257,000,000 -245,000,000 -245,000,000 -245,000,000 -245,000,000 -235,000,000 -236,000,000 -223,000,000 -224,000,000 -223,000,000 -224,000,000 -222,000,000 -223,000,000 -222,000,000 -213,000,000 -212,000,000 -212,000,000 -212,000,000 -211,000,000 -212,000,000 -211,000,000 -211,000,000 -206,000,000 -230,000,000 -270,000,000 -190,000,000 
      debt issuance and redemption costs, and other
    		-22,000,000 -87,000,000 -27,000,000 -11,000,000 -3,000,000                       
      net cash provided from financing activities
    		1,363,000,000 690,000,000 465,000,000  672,000,000 -918,000,000 1,646,000,000             1,670,000,000 195,000,000 17,000,000 725,000,000 -91,000,000    
      net change in cash, cash equivalents, and restricted cash
    		817,000,000 451,000,000 9,000,000  362,000,000 -812,000,000 736,000,000  -70,000,000    -255,000,000 222,000,000 -1,201,000,000  -628,000,000 -14,000,000 -475,000,000  131,000,000 -20,000,000 -494,000,000 276,000,000    
      cash, cash equivalents, and restricted cash at beginning of period
    		0 0 154,000,000 0 0 0 179,000,000 0 0 0 206,000,000 0 0 0 1,511,000,000 0 0 0 1,801,000,000 0 0 0 679,000,000 0    
      cash, cash equivalents, and restricted cash at end of period
    		817,000,000 451,000,000 163,000,000 -311,000,000 362,000,000 -812,000,000 915,000,000 35,000,000 -70,000,000 8,000,000 206,000,000 -71,000,000 -255,000,000 222,000,000 310,000,000 827,000,000 -628,000,000 -14,000,000 1,326,000,000 1,505,000,000 131,000,000 -20,000,000 185,000,000 276,000,000    
      supplemental cash flow information:
    		                           
      significant non-cash transactions:
    		                           
      accrued capital investments
    		-9,000,000 40,000,000 285,000,000 19,000,000 66,000,000 6,000,000 224,000,000 40,000,000 69,000,000 -12,000,000 155,000,000                 
      mcelroy run transfer
    		0 -31,000,000 130,000,000                         
      net cash provided from (used for) operating activities
    		  637,000,000       -101,000,000 -112,000,000        533,000,000         
      charges associated with change in aro
    		                           
      pension and opeb mark-to-market adjustments
    		                           
      pension trust contribution
    		       0 0                  -157,000,000 
      gain on disposal, net of tax
    		               0    -30,000,000 6,000,000 -2,000,000 -50,000,000 -23,000,000    
      cash collateral
    		                        -25,000,000   
      proceeds from 19.9% fet equity interest sale, net of transaction costs
    		                           
      capital contributions from noncontrolling interest
    		                           
      net cash provided from (used for) financing activities
    		       256,000,000 214,000,000 940,000,000 828,000,000     868,000,000 -748,000,000 -153,000,000 -509,000,000      -169,000,000   
      net change in cash, cash equivalents and restricted cash
    		                           
      cash paid during the year-
    		                           
      interest
    		                           
      income taxes, net of refunds
    		                           
      charges associated with increase in aro
    		    0                       
      pension and opeb mark-to-market adjustment
    		        0           54,000,000 0 0 423,000,000     
      loss on disposal, net of tax
    		                           
      net cash from operating activities
    		      -40,000,000                -560,000,000     
      gain on sale of yards creek
    		               0 0 0 -109,000,000         
      proceeds from sale of yards creek
    		               0 0 0 155,000,000         
      common stock issuance
    		                           
      proceeds from fet minority interest sale, net of transaction costs
    		           0 0               
      distributions to fet minority interest
    		       -9,000,000 -10,000,000 -36,000,000 -17,000,000 -6,000,000                
      capital contributions from fet minority interest
    		           0                
      cash paid (received) during the year-
    		                           
      retirement benefits, net of payments
    		        -23,000,000 -26,000,000 -25,000,000 -95,000,000 -95,000,000 -92,000,000 -96,000,000 -107,000,000 -101,000,000 -104,000,000 -105,000,000 -83,000,000 -74,000,000 -78,000,000 -66,000,000 -28,000,000    
      premiums on debt redemptions
    		                           
      depreciation, amortization, and impairments
    		                           
      settlement agreement and tax sharing payments to the fes debtors
    		                   0 0 0 -978,000,000     
      discounts (premiums) on debt issuances and redemptions
    		           -14,000,000 2,000,000               
      property additions
    		           -968,000,000 -641,000,000 -627,000,000 -520,000,000 -677,000,000 -542,000,000 -622,000,000 -604,000,000 -678,000,000 -687,000,000 -676,000,000 -616,000,000 -684,000,000 -685,000,000 -552,000,000 -449,000,000 
      net cash from financing activities
    		            -87,000,000 -17,000,000 -964,000,000            -550,000,000 
      depreciation and amortization
    		             335,000,000 359,000,000 439,000,000 331,000,000 377,000,000 454,000,000 395,000,000        
      dpa penalty
    		                           
      make-whole premiums paid on debt redemptions
    		              -38,000,000             
      asset removal costs charged to income
    		                           
      pension trust contributions
    		                       0 0   
      prepaid taxes and other
    		                  -121,000,000 63,000,000 68,000,000 0 -125,000,000 40,000,000    
      preferred stock dividend payments
    		                       0    
      preferred stock issuance
    		                           
      tender premiums paid on debt redemptions
    		                           
      proceeds from asset sales
    		                       6,000,000    
      notes receivable from affiliated companies
    		                           
      non-cash transaction: beneficial conversion feature
    		                           
      non-cash transaction: deemed dividend convertible preferred stock
    		                           
      depreciation and amortization, including regulatory assets, net, and deferred debt-related costs
    		                     307,000,000 295,000,000     
      depreciation and amortization, including regulatory assets, net, intangible assets and deferred debt-related costs
    		                       367,000,000    
      non-cash transaction, beneficial conversion feature
    		                           
      non-cash transaction, deemed dividend preferred stock
    		                           
      benefit from depreciation
    		                        282,000,000 357,000,000 220,000,000 
      amortization of regulatory assets
    		                        61,000,000 5,000,000 132,000,000 
      nuclear fuel and lease amortization
    		                        57,000,000 59,000,000 47,000,000 
      deferred purchased power and other costs
    		                        -65,000,000 -91,000,000 -58,000,000 
      deferred rents and lease market valuation liability
    		                        44,000,000 -91,000,000 -15,000,000 
      accrued compensation and retirement benefits
    		                        -8,000,000 -147,000,000 -13,000,000 
      commodity derivative transactions
    		                        6,000,000 -61,000,000 -25,000,000 
      asset impairments
    		                        3,000,000 -24,000,000 31,000,000 
      decrease (increase) in operating assets-
    		                           
      prepayments and other current assets
    		                        -34,000,000 -235,000,000 118,000,000 
      increase in operating liabilities-
    		                           
      nuclear fuel
    		                           
      cash investments
    		                        13,000,000 40,000,000 47,000,000 
      cash received in ae merger
    		                           
      cost of removal
    		                           
      net change in cash and cash equivalents
    		                        56,000,000 -190,000,000 82,000,000 
      cash and cash equivalents at beginning of period
    		                        0 -817,000,000 1,019,000,000 
      cash and cash equivalents at end of period
    		                        56,000,000 -1,007,000,000 1,101,000,000 
      non-cash transaction: merger with ae, common stock issued
    		                           
      stock based compensation
    		                           
      decrease in operating liabilities-
    		                           
      cash received in allegheny merger
    		                          590,000,000 
      non-cash transaction: merger with allegheny, common stock issued
    		                          4,354,000,000 
      cash collateral paid
    		                          -28,000,000 
      customer acquisition costs
    		                          -1,000,000 
      net cash provided from (used for) investing activities
    		                          141,000,000 
      deferral of regulatory assets
    		                           
      impairment of long-lived assets
    		                           
      investment impairment
    		                           
      gain on asset sales
    		                           
      electric service prepayment programs
    		                           
      gain on sales of investment securities held in trusts
    		                           
      loss on debt redemption
    		                           
      interest rate swap transactions
    		                           
      uncertain tax positions
    		                           
      acquisition of supply requirements
    		                           
      net increase in cash and cash equivalents
    		                           
      cash and cash equivalents at beginning of year
    		                           
      cash and cash equivalents at end of year
    		                           
      income taxes
    		                           
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.