FIRSTENERGY CORP
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
FE$46.62+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (In millions, except share amounts) | March 31,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $888 | $137 |
| Restricted cash | 27 | 42 |
| Receivables- | ||
| Customers | 1,418 | 1,382 |
| Less — Allowance for uncollectible customer receivables | 53 | 64 |
| 1,365 | 1,318 | |
| Other, net of allowance for uncollectible accounts of $14 in 2024 and $15 in 2023 | 304 | 266 |
| Note receivable - Brookfield due 2024 (Note 1) | 450 | — |
| Materials and supplies, at average cost | 538 | 512 |
| Prepaid taxes and other | 491 | 293 |
| 4,063 | 2,568 | |
| PROPERTY, PLANT AND EQUIPMENT: | ||
| In service | 50,634 | 50,107 |
| Less — Accumulated provision for depreciation | 13,991 | 13,811 |
| 36,643 | 36,296 | |
| Construction work in progress | 2,161 | 2,116 |
| 38,804 | 38,412 | |
| INVESTMENTS AND OTHER NONCURRENT ASSETS: | ||
| Goodwill | 5,618 | 5,618 |
| Investments (Note 6) | 688 | 663 |
| Regulatory assets | 333 | 369 |
| Other | 1,043 | 1,137 |
| Note receivable - Brookfield due 2025 (Note 1) | 750 | — |
| 8,432 | 7,787 | |
| TOTAL ASSETS | $51,299 | $48,767 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES: | ||
| Currently payable long-term debt | $2,613 | $1,250 |
| Short-term borrowings | 250 | 775 |
| Accounts payable | 1,383 | 1,362 |
| Accrued interest | 305 | 292 |
| Accrued taxes | 823 | 700 |
| Accrued compensation and benefits | 199 | 304 |
| Customer deposits | 228 | 227 |
| Dividends payable | 245 | 235 |
| Other | 227 | 241 |
| 6,273 | 5,386 | |
| NONCURRENT LIABILITIES: | ||
| Long-term debt and other long-term obligations | 21,652 | 22,885 |
| Accumulated deferred income taxes | 5,288 | 4,530 |
| Retirement benefits | 1,663 | 1,663 |
| Regulatory liabilities | 964 | 1,214 |
| Other | 1,846 | 2,173 |
| 31,413 | 32,465 | |
| TOTAL LIABILITIES | 37,686 | 37,851 |
| EQUITY: | ||
| Common stockholders’ equity- | ||
| Common stock, $0.10 par value, authorized 700,000,000 shares - 575,516,472 and 574,335,396 shares outstanding as of March 31, 2024 and December 31, 2023, respectively. | 57 | 57 |
| Other paid-in capital | 12,357 | 10,494 |
| Accumulated other comprehensive loss | (17) | (17) |
| Accumulated deficit | — | (97) |
| Total common stockholders’ equity | 12,397 | 10,437 |
| Noncontrolling interest | 1,216 | 479 |
| TOTAL EQUITY | 13,613 | 10,916 |
| COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 9) | ||
| TOTAL LIABILITIES AND EQUITY | $51,299 | $48,767 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.