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NRG Energy NRG Generation — Equity investments in affiliates

Discontinued — last reported Q4 '19

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$449.5M+26.3%

Other financials

Income statement

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Revenue$10.3B+19.5%
Gross profit$1.4B-30.9%
Operating income$328.0M-71.1%
Net income$125.0M-83.3%
EPS (diluted)$0.52-85.6%

Balance sheet

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Cash & equivalents$178.0M-74.3%
Total debt$26.8B+122%
Total equity$4.9B+75.5%
Total assets$40.1B+60.3%

Cash flow

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Operating cash flow-$169.0M-120%
CapEx$317.0M+46.1%
Free cash flow-$486.0M-176%

Valuation

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Market cap$28.5B+59.6%
Enterprise value$55.13B+87.0%
P/E119.2×+106×
P/S0.9×+0.3×

Profitability

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Gross margin16.4%-5.0pp
Operating margin3.2%-6.0pp
Net margin0.7%-3.9pp
FCF margin5.7%

Returns & leverage

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Return on equity6.2%-38.7pp
Debt / equity5.5×+1.1×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by NRG Energy in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The official record: NRG Energy’s 10-K, filed February 27, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does generation — equity investments in affiliates mean?
The total value of the company's ownership stakes in other energy-related businesses it does not fully control.
How do you interpret generation — equity investments in affiliates?
An increase suggests strategic expansion or capital deployment into joint ventures, while a decrease may indicate divestment or impairment.
How does generation — equity investments in affiliates compare across companies?
Standard for utility and power generation firms holding minority interests in regional transmission or generation projects.