FIRSTENERGY CORP

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

About this filing

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, 2025 · Filed Apr 30, 2025

FE$46.62+0.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(In millions, except share amounts)	March 31,2025	December 31,2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$132	$111
Restricted cash	31	43
Receivables-
Customers	1,624	1,585
Less — Allowance for uncollectible customer receivables	50	55
	1,574	1,530
Other, net of allowance for uncollectible accounts of $9 in 2025 and $6 in 2024	314	303
Materials and supplies, at average cost	567	549
Prepaid taxes and other	341	240
	2,959	2,776
PROPERTY, PLANT AND EQUIPMENT:
In service	53,543	52,896
Less — Accumulated provision for depreciation	14,774	14,548
	38,769	38,348
Construction work in progress	2,932	2,754
	41,701	41,102
INVESTMENTS AND OTHER NONCURRENT ASSETS:
Goodwill	5,618	5,618
Investments (Note 6)	657	652
Regulatory assets	636	617
Other	1,200	1,279
	8,111	8,166
TOTAL ASSETS	$52,771	$52,044
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently payable long-term debt	$1,928	$977
Short-term borrowings	1,635	550
Accounts payable	1,516	1,575
Accrued interest	280	269
Accrued taxes	715	727
Accrued compensation and benefits	257	205
Customer deposits	236	233
Dividends payable	257	245
Other	290	216
	7,114	4,997
NONCURRENT LIABILITIES:
Long-term debt and other long-term obligations	21,223	22,496
Accumulated deferred income taxes	5,740	5,613
Retirement benefits	1,698	1,698
Regulatory liabilities	998	995
Other	2,136	2,525
	31,795	33,327
TOTAL LIABILITIES	38,909	38,324
EQUITY:
Common stockholders’ equity-
Common stock, $0.10 par value, authorized 700,000,000 shares - 577,156,244 and 576,612,245 shares outstanding as of March 31, 2025 and December 31, 2024, respectively.	58	58
Other paid-in capital	12,377	12,368
Accumulated other comprehensive loss	(14)	(14)
Retained earnings	146	43
Total common stockholders’ equity	12,567	12,455
Noncontrolling interest	1,295	1,265
TOTAL EQUITY	13,862	13,720
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10)
TOTAL LIABILITIES AND EQUITY	$52,771	$52,044

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.