FIRSTENERGY CORP
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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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.
Jun 30, 2025 · Filed Jul 30, 2025
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Statements of Income
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In millions) | 2025 | 2024 | 2025 | 2024 |
| REVENUES | $592 | $557 | $1,158 | $1,023 |
| OPERATING EXPENSES: | ||||
| Purchased power | 303 | 266 | 601 | 514 |
| Other operating expenses(1) | 133 | 158 | 278 | 345 |
| Provision for depreciation | 65 | 62 | 130 | 123 |
| Deferral of regulatory assets, net | (14) | (34) | (36) | (73) |
| General taxes | 6 | 6 | 12 | 11 |
| Total operating expenses | 493 | 458 | 985 | 920 |
| OPERATING INCOME | 99 | 99 | 173 | 103 |
| OTHER INCOME (EXPENSE): | ||||
| Miscellaneous income, net | 11 | 1 | 23 | 12 |
| Interest expense - other | (30) | (22) | (59) | (52) |
| Interest expense - affiliates | (2) | (6) | (3) | (10) |
| Capitalized financing costs | 10 | 6 | 19 | 13 |
| Total other expense | (11) | (21) | (20) | (37) |
| INCOME BEFORE INCOME TAXES | 88 | 78 | 153 | 66 |
| INCOME TAXES | 22 | 21 | 38 | 17 |
| NET INCOME | $66 | $57 | $115 | $49 |
| COMPREHENSIVE INCOME | $66 | $57 | $115 | $49 |
(1)Includes affiliated operating expenses of $26 million and $28 million for the three months ended June 30, 2025 and 2024, respectively, and $59 million and $57 million for the six months ended June 30, 2025 and 2024, respectively.
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