Summary
FirstEnergy Corp. (FE) filed its 2018 10-K on March 6, 2019, presenting its annual financial performance and operational overview. For investors, key takeaways include the company's revenue generation, operational expenses, and its capital structure. The filing also details the company's regulatory environment, which significantly impacts its earnings potential and investment decisions. Understanding FE's strategy for managing its regulated and competitive businesses, alongside its approach to infrastructure investment and dividend policy, is crucial for assessing its future prospects. Investors should pay close attention to the company's debt levels and its ability to service that debt, as well as any commentary on future earnings guidance or significant capital expenditures. The company's disclosures around environmental, social, and governance (ESG) factors are also becoming increasingly important for long-term investment evaluation. This report provides the foundational data to understand FE's financial health and strategic direction as of the end of 2018.
Financial Highlights
48 data points| Revenue | $11.26B |
| Operating Expenses | $8.76B |
| Operating Income | $2.50B |
| Interest Expense | $1.12B |
| Net Income | $1.35B |
| EPS (Basic) | $1.99 |
| EPS (Diluted) | $1.99 |
| Shares Outstanding (Basic) | 492.00M |
| Shares Outstanding (Diluted) | 494.00M |
Key Highlights
- 1The 10-K filing includes standard certifications from the CEO and CFO, attesting to the accuracy of the financial reporting.
- 2It confirms the engagement of an Independent Registered Public Accounting Firm, indicating standard audit procedures were followed.
- 3The filing is part of an amendment, suggesting potential updates or corrections to previously submitted information.
- 4Exhibit 31-1 and 31-2 relate to the internal control over financial reporting certifications.
- 5Exhibit 23 provides the consent of the independent auditors, a routine but essential part of the filing.
- 6The provided excerpt focuses primarily on the exhibit list and related documentation, rather than detailed financial performance metrics.
- 7Investors would need to consult other sections of the full 10-K to find detailed financial statements, management's discussion and analysis, and risk factors.