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FirstEnergy FE Reconciling Adjustments — Interest Expense

Discontinued — last reported Q4 '17

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DEMaterial Reconciling Items Including Corporate Nonsegment — Interest Expense Nonoperating
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Other financials

Income statement

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Revenue$4.2B+11.6%
Operating income$828.0M+9.8%
Net income$405.0M+12.5%
EPS (diluted)$0.70+12.9%

Balance sheet

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Cash & equivalents$52.0M-60.6%
Total debt$27.6B+20.9%
Total equity$12.7B+0.7%
Total assets$56.9B+7.9%

Cash flow

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Operating cash flow$148.0M-76.8%
CapEx$1.3B+24.9%
Free cash flow-$1.1B-201%

Valuation

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Market cap$26.87B+25.6%
Enterprise value$54.45B+23.5%
P/E24.1×+4.4×
P/S1.7×+0.2×

Profitability

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Operating margin14.8%-3.2pp
Net margin7.2%-0.6pp
FCF margin-11.2%

Returns & leverage

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Return on equity8.8%+0.1pp
Debt / equity2.2×+0.4×
Current ratio0.5×+0.1×

Where this comes from

Reported directly by FirstEnergy in its filing.

Tagged under the XBRL concept us-gaap:InterestExpense.

The official record: FirstEnergy’s 10-K, filed February 20, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does reconciling adjustments — interest expense mean?
Interest expense incurred at the corporate level that is not allocated to specific business segments.
How do you interpret reconciling adjustments — interest expense?
An increase indicates higher corporate debt levels or rising interest rates, impacting overall profitability.
How does reconciling adjustments — interest expense compare across companies?
Standard for utility holding companies; peers report parent-level interest in corporate reconciling segments.