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Calpine Corp – ‘10-K’ for 12/31/15 – ‘R40’

On:  Thursday, 2/11/16, at 7:47pm ET   ·   As of:  2/12/16   ·   For:  12/31/15   ·   Accession #:  916457-16-57   ·   File #:  1-12079

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/12/16  Calpine Corp                      10-K       12/31/15  103:20M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Calpine 10-K for Year-Ended December 31, 2015       HTML   2.07M 
 2: EX-10.1.19  Amendment No. 3 to the Credit Agreement, Dated as   HTML    838K 
                of February 8, 2016                                              
 4: EX-21.1     Subsidiaries of the Company                         HTML    101K 
 5: EX-23.1     Consent of Pricewaterhousecoopers                   HTML     29K 
 3: EX-12.1     Computation of Ratio of Earnings to Fixed Charges   HTML     51K 
 6: EX-31.1     Section 302 Certification of CEO                    HTML     36K 
 7: EX-31.2     Section 302 Certification of CFO                    HTML     36K 
 8: EX-32.1     Certification of Chief Executive Officer and Chief  HTML     34K 
                Financial Officer                                                
15: R1          Document and Entity Information Cover               HTML     57K 
16: R2          Consolidated Statements of Operations               HTML    112K 
17: R3          Consolidated Statements of Comprehensive Income     HTML     61K 
18: R4          Consolidated Balance Sheets                         HTML    127K 
19: R5          Consolidated Balance Sheets Consolidated Balance    HTML     76K 
                Sheets Parentheticals                                            
20: R6          Consolidated Statements of Stockholders Equity      HTML     69K 
21: R7          Consolidated Statements of Cash Flows               HTML    167K 
22: R8          Organization and Operations                         HTML     34K 
23: R9          Summary of Significant Accounting Policies          HTML    133K 
24: R10         Acquisitions, Divestitures and Discontinued         HTML     70K 
                Operations Acquisitions and Divestitures (Notes)                 
25: R11         Property, Plant and Equipment, Net                  HTML     56K 
26: R12         Variable Interest Entities and Unconsolidated       HTML    117K 
                Investments                                                      
27: R13         Debt                                                HTML    234K 
28: R14         Assets and Liabilities with Recurring Fair Value    HTML    198K 
                Measurements                                                     
29: R15         Derivative Instruments                              HTML    275K 
30: R16         Use of Collateral                                   HTML     56K 
31: R17         Income Taxes                                        HTML    152K 
32: R18         Earnings (Loss) per Share                           HTML     47K 
33: R19         Stock-Based Compensation                            HTML     88K 
34: R20         Defined Contribution and Defined Benefit Plans      HTML     41K 
35: R21         Capital Structure                                   HTML     67K 
36: R22         Commitments and Contingencies                       HTML    119K 
37: R23         Segment and Significant Customer Information        HTML    212K 
38: R24         Quarterly Consolidated Financial Data (Unaudited)   HTML     74K 
39: R25         Schedule of Valuation and Qualifying Accounts       HTML     64K 
                Disclosure                                                       
40: R26         Summary of Significant Accounting Policies          HTML    179K 
                (Policies)                                                       
41: R27         Summary of Significant Accounting Policies          HTML    110K 
                (Tables)                                                         
42: R28         Acquisitions, Divestitures and Discontinued         HTML     58K 
                Operations (Tables)                                              
43: R29         Property, Plant and Equipment, Net (Tables)         HTML     51K 
44: R30         Variable Interest Entities and Unconsolidated       HTML    104K 
                Investments (Tables)                                             
45: R31         Debt (Tables)                                       HTML    218K 
46: R32         Assets and Liabilities with Recurring Fair Value    HTML    193K 
                Measurements (Tables)                                            
47: R33         Derivative Instruments (Tables)                     HTML    272K 
48: R34         Use of Collateral (Tables)                          HTML     55K 
49: R35         Income Taxes Income Taxes (Tables)                  HTML    149K 
50: R36         Earnings (Loss) per Share (Tables)                  HTML     48K 
51: R37         Stock-Based Compensation (Tables)                   HTML     76K 
52: R38         Capital Structure (Tables)                          HTML     62K 
53: R39         Commitments and Contingencies (Tables)              HTML    111K 
54: R40         Segment and Significant Customer Information        HTML    204K 
                (Tables)                                                         
55: R41         Quarterly Consolidated Financial Data (Unaudited)   HTML     72K 
                (Tables)                                                         
56: R42         Summary of Significant Accounting Policies          HTML     87K 
                (Details)                                                        
57: R43         Summary of Significant Accounting Policies          HTML     44K 
                Contractual Future Minimum Lease Receipt Table                   
                (Details)                                                        
58: R44         Acquisitions, Divestitures and Discontinued         HTML    144K 
                Operations (Textuals) (Details)                                  
59: R45         Property, Plant and Equipment, Net (Details)        HTML     70K 
60: R46         Variable Interest Entities and Unconsolidated       HTML     36K 
                Investments (Unconsolidated VIEs) (Details)                      
61: R47         Variable Interest Entities and Unconsolidated       HTML     40K 
                Investments (Unconsolidated Investements)                        
                (Details)                                                        
62: R48         Variable Interest Entities and Unconsolidated       HTML    109K 
                Investments (Equity Method Investment Summarized                 
                Financial Information) (Details)                                 
63: R49         Variable Interest Entities and Unconsolidated       HTML     66K 
                Investments (VIE Textuals) (Details)                             
64: R50         Debt (Debt) (Details)                               HTML     48K 
65: R51         Debt (Annual Debt Marturities) (Details)            HTML     54K 
66: R52         Debt Senior Unsecured Notes (Details)               HTML     72K 
67: R53         Debt Debt (First Lien Term Loans) (Details)         HTML     80K 
68: R54         Debt Debt (First Lien Notes) (Details)              HTML     49K 
69: R55         Debt (Project Financing, Notes Payable and Others)  HTML     56K 
                (Details)                                                        
70: R56         Debt CCFC Term Loans (Details)                      HTML     68K 
71: R57         Debt (Capital Lease Obligations) (Details)          HTML     92K 
72: R58         Debt (Corporate Revolving Facility and other        HTML     41K 
                Letters of Credit Facilities) (Details)                          
73: R59         Debt (Fair Value of Debt) (Details)                 HTML     60K 
74: R60         Debt (Textuals) (Details)                           HTML    105K 
75: R61         Assets and Liabilities with Recurring Fair Value    HTML     74K 
                Measurements (Details)                                           
76: R62         Assets and Liabilities with Recurring Fair Value    HTML     49K 
                Measurements Quantitative Information about Level                
                3 Fair Value Measurements (Details)                              
77: R63         Assets and Liabilities with Recurring Fair Value    HTML     76K 
                Measurements (Textuals) (Details)                                
78: R64         Derivative Instruments (Details)                    HTML     41K 
79: R65         Derivative Instruments (Details 2) (Details)        HTML     85K 
80: R66         Derivative Instruments (Details 3) (Details)        HTML     63K 
81: R67         Derivative Instruments (Details 4) (Details)        HTML     42K 
82: R68         Derivative Instruments (Detail 5) (Details)         HTML     83K 
83: R69         Derivative Instruments (Textuals) (Details)         HTML     55K 
84: R70         Use of Collateral (Details)                         HTML     59K 
85: R71         Income Taxes (Income Tax Expense (Benefit))         HTML     35K 
                (Details)                                                        
86: R72         Income Taxes (Components of Income Tax Expense      HTML     59K 
                (Benefit)) (Details)                                             
87: R73         Income Taxes (Effective Income Tax Expense          HTML     66K 
                (Benefit) Rate) (Details)                                        
88: R74         Income Taxes (Deferred Tax Assets and Liabilities)  HTML     68K 
                (Details)                                                        
89: R75         Income Taxes (Income Tax Contingencies) (Details)   HTML     43K 
90: R76         Income Taxes (Textuals) (Details)                   HTML     85K 
91: R77         Earnings (Loss) per Share (Details)                 HTML     42K 
92: R78         Stock-Based Compensation (Details)                  HTML    175K 
93: R79         Defined Contribution and Defined Benefit Plans      HTML     61K 
                (Details)                                                        
94: R80         Capital Structure (Details)                         HTML     65K 
95: R81         Commitments and Contingencies (Narrative)           HTML     72K 
                (Details)                                                        
96: R82         Commitments and Contingencies (Schedules of Future  HTML     62K 
                Minimum Rental Payments) (Details)                               
97: R83         Commitments and Contingencies (Schedule of          HTML     59K 
                Guarantor Obligations) (Details)                                 
98: R84         Segment and Significant Customer Information        HTML    167K 
                (Details)                                                        
99: R85         Quarterly Consolidated Financial Data (Unaudited)   HTML     49K 
                (Details)                                                        
100: R86         Schedule of Valuation and Qualifying Accounts       HTML     45K  
                Disclosure (Details)                                             
102: XML         IDEA XML File -- Filing Summary                      XML    191K  
101: EXCEL       IDEA Workbook of Financial Reports                  XLSX    156K  
 9: EX-101.INS  XBRL Instance -- cpn-20151231                        XML   5.47M 
11: EX-101.CAL  XBRL Calculations -- cpn-20151231_cal                XML    435K 
12: EX-101.DEF  XBRL Definitions -- cpn-20151231_def                 XML   1.26M 
13: EX-101.LAB  XBRL Labels -- cpn-20151231_lab                      XML   2.81M 
14: EX-101.PRE  XBRL Presentations -- cpn-20151231_pre               XML   1.59M 
10: EX-101.SCH  XBRL Schema -- cpn-20151231                          XSD    290K 
103: ZIP         XBRL Zipped Folder -- 0000916457-16-000057-xbrl      Zip    465K

‘R40’   —   Segment and Significant Customer Information (Tables)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.3.1.900
Segment and Significant Customer Information (Tables)
 12 Months Ended
Segment and Significant Customer Information [Abstract]  
Schedule of Financial Data for Segments
The tables below show our financial data for our segments for the periods indicated (in millions).
 
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
2,089

 
$
2,344

 
$
2,039

 
$
—

 
$
6,472

Intersegment revenues
5

 
15

 
8

 
(28
)
 
—

Total operating revenues
$
2,094

 
$
2,359

 
$
2,047

 
$
(28
)
 
$
6,472

Commodity Margin
$
1,106

 
$
736

 
$
944

 
$
—

 
$
2,786

Add: Mark-to-market commodity activity, net and other(1)
160

 
(120
)
 
(92
)
 
(29
)
 
(81
)
Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
416

 
338

 
292

 
(28
)
 
1,018

Depreciation and amortization expense
250

 
204

 
184

 
—

 
638

Sales, general and other administrative expense
35

 
63

 
40

 
—

 
138

Other operating expenses
37

 
9

 
36

 
(2
)
 
80

(Income) from unconsolidated investments in power plants
—

 
—

 
(24
)
 
—

 
(24
)
Income from operations
528

 
2

 
324

 
1

 
855

Interest expense, net of interest income
 
 
 
 
 
 
 
 
624

Debt modification and extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
58

Income before income taxes
 
 
 
 
 
 
 
 
$
173


 
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
2,352

 
$
3,229

 
$
2,449

 
$
—

 
$
8,030

Intersegment revenues
6

 
23

 
47

 
(76
)
 
—

Total operating revenues
$
2,358

 
$
3,252

 
$
2,496

 
$
(76
)
 
$
8,030

Commodity Margin(2)
$
1,050

 
$
760

 
$
949

 
$
—

 
$
2,759

Add: Mark-to-market commodity activity, net and other(1)
220

 
142

 
48

 
(31
)
 
379

Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
385

 
313

 
302

 
(31
)
 
969

Depreciation and amortization expense
245

 
191

 
168

 
(1
)
 
603

Sales, general and other administrative expense
41

 
64

 
39

 
—

 
144

Other operating expenses
50

 
5

 
32

 
1

 
88

Impairment losses
—

 
—

 
123

 
—

 
123

(Gain) on sale of assets, net
—

 
—

 
(753
)
 
—

 
(753
)
(Income) from unconsolidated investments in power plants
—

 
—

 
(25
)
 
—

 
(25
)
Income from operations
549

 
329

 
1,111

 
—

 
1,989

Interest expense, net of interest income
 
 
 
 
 
 
 
 
639

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
367

Income before income taxes
 
 
 
 
 
 
 
 
$
983


 
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
1,937

 
$
2,347

 
$
2,017

 
$
—

 
$
6,301

Intersegment revenues
5

 
(4
)
 
117

 
(118
)
 
—

Total operating revenues
$
1,942

 
$
2,343

 
$
2,134

 
$
(118
)
 
$
6,301

Commodity Margin(2)
$
1,020

 
$
632

 
$
916

 
$
—

 
$
2,568

Add: Mark-to-market commodity activity, net and other(1)
(50
)
 
51

 
27

 
(31
)
 
(3
)
Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
365

 
269

 
292

 
(31
)
 
895

Depreciation and amortization expense
227

 
165

 
203

 
(2
)
 
593

Sales, general and other administrative expense
37

 
56

 
42

 
1

 
136

Other operating expenses
45

 
3

 
33

 
—

 
81

Impairment losses
16

 
—

 
—

 
—

 
16

(Income) from unconsolidated investments in power plants
—

 
—

 
(30
)
 
—

 
(30
)
Income from operations
280

 
190

 
403

 
1

 
874

Interest expense, net of interest income
 
 
 
 
 
 
 
 
690

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
164

Income before income taxes
 
 
 
 
 
 
 
 
$
20

__________
(1)
Includes $(2) million, $(5) million and $6 million of lease levelization and $20 million, $14 million and $14 million of amortization expense for the years ended December 31, 2015, 2014 and 2013, respectively.
(2)
Our East segment includes Commodity Margin of $81 million and $152 million for the years ended December 31, 2014 and 2013, respectively, related to the six power plants in our East segment that were sold in July 2014.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:2/12/168-K,  SC 13G/A
Filed on:2/11/16SC 13G/A
For Period end:12/31/154
12/31/1410-K,  ARS
12/31/1310-K,  ARS
 List all Filings 

3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/20/16  SEC                               UPLOAD10/03/17    1:35K  Calpine Corp.
 6/01/16  SEC                               UPLOAD10/03/17    1:158K Calpine Corp.
 4/26/16  SEC                               UPLOAD10/03/17    1:176K Calpine Corp.
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