FIRSTENERGY CORP
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 2024
FE$46.48-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $831 | $984 |
| Adjustments to reconcile net income to net cash from operating activities- | ||
| Depreciation, amortization and impairments | 1,197 | 893 |
| Charges associated with increase in ARO | 207 | — |
| Deferred income taxes and investment tax credits, net | 224 | 157 |
| Employee benefit costs, net | (7) | (4) |
| Pension trust contribution | — | (750) |
| Pension and OPEB mark-to-market adjustment | — | (59) |
| Transmission revenue collections, net | 40 | (93) |
| Loss on disposal, net of tax (Note 1) | — | 21 |
| Changes in current assets and liabilities- | ||
| Receivables | (197) | (2) |
| Materials and supplies | (24) | (60) |
| Prepaid taxes and other current assets | (77) | (66) |
| Accounts payable | 87 | (241) |
| Accrued taxes | (250) | (147) |
| Accrued interest | (21) | 49 |
| Accrued compensation and benefits | (174) | (46) |
| Other current liabilities | (68) | 55 |
| Collateral, net | 97 | (216) |
| Employee benefit plan funding and related payments | (44) | (39) |
| Other | 26 | (7) |
| Net cash provided from operating activities | 1,847 | 429 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital investments | (2,736) | (2,266) |
| Sales of investment securities held in trusts | 104 | 28 |
| Purchases of investment securities held in trusts | (114) | (37) |
| Asset removal costs | (212) | (190) |
| Other | (3) | (8) |
| Net cash used for investing activities | (2,961) | (2,473) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| New financing- | ||
| Long-term debt | 1,200 | 3,150 |
| Short-term borrowings, net | — | 170 |
| Redemptions and repayments- | ||
| Long-term debt | (1,710) | (537) |
| Short-term borrowings, net | (700) | — |
| Proceeds from FET Equity Interest Sale (Note 1) | 3,500 | — |
| Noncontrolling interest cash distributions | (51) | (63) |
| Common stock dividend payments | (725) | (670) |
| Debt issuance and redemption costs, and other | (114) | (68) |
| Net cash provided from financing activities | 1,400 | 1,982 |
| Net change in cash, cash equivalents, and restricted cash | 286 | (62) |
| Cash, cash equivalents, and restricted cash at beginning of period | 179 | 206 |
| Cash, cash equivalents, and restricted cash at end of period | $465 | $144 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Significant non-cash transactions: | ||
| Accrued capital investments | $296 | $212 |
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