FIRSTENERGY CORP (FE) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K
Revenues:
Regulated Distribution	9,711.0	9,363.0	9,698.0		9,760.0	9,619.0	9,582.0	9,054.0
Regulated Transmission	1,618.0	1,613.0	1,526.0	1,353.0	1,324.0	1,143.0	1,046.0	817.0
Corporate / Other	14.0	9.0		4.0	43.0	140.0
Other				9,587.0
Total revenues	11,112.0	10,701.0	10,805.0	10,944.0	10,928.0	10,700.0	102.0	37.0
Revenue growth [+]	3.8%	-1.0%	-1.3%	0.1%	2.1%	10390.2%	175.7%	-58.9%
Regulated Distribution	3.7%	-3.5%			1.5%	0.4%	5.8%	3.8%
Regulated Transmission	0.3%	5.7%	12.8%	2.2%	15.8%	9.3%	28.0%	11.8%
Corporate / Other	55.6%			-90.7%	-69.3%
Cost of goods sold [+]	7,212.0	6,902.0	6,880.0	7,258.0	6,677.0	6,881.0	2,265.0	2,673.0
Fuel costs	481.0	369.0	497.0	538.0	497.0	571.0	1,855.0	2,280.0
Other direct costs	3,196.0	3,291.0	2,952.0	3,133.0	2,802.0	2,579.0
Gross profit	3,900.0	3,799.0	3,925.0	3,686.0	4,251.0	3,819.0	-2,163.0	-2,636.0
Gross margin	35.1%	35.5%	36.3%	33.7%	38.9%	35.7%	-2120.6%	-7124.3%
Selling, general and administrative	1,423.0	1,274.0	1,220.0	1,136.0	1,027.0	933.0	10,469.0	11,314.0
Other operating expenses	630.0	363.0	195.0	48.0	796.0	832.0	-16,056.0	-16,093.0
EBITDA [+]	3,448.0	3,361.0	3,727.0	3,886.0	4,128.0	4,028.0	5,250.0	3,735.0
EBITDA growth	2.6%	-9.8%	-4.1%	-5.9%	2.5%	-23.3%	40.6%	-19.2%
EBITDA margin	31.0%	31.4%	34.5%	35.5%	37.8%	37.6%	5147.1%	10094.6%
Depreciation and amortization	1,601.0	1,199.0	1,217.0	1,384.0	1,700.0	1,974.0	1,826.0	1,592.0
EBIT [+]	1,847.0	2,162.0	2,510.0	2,502.0	2,428.0	2,054.0	3,424.0	2,143.0
EBIT growth	-14.6%	-13.9%	0.3%	3.0%	18.2%	-40.0%	59.8%	-17.5%
EBIT margin	16.6%	20.2%	23.2%	22.9%	22.2%	19.2%	3356.9%	5791.9%
Non-recurring items	121.0
Interest expense, net [+]	624.0	633.0	790.0	911.0	952.0	929.0	1,132.0	1,081.0
Interest expense	1,141.0	1,065.0	1,033.0	1,116.0	1,005.0	973.0	1,132.0	1,081.0
Interest income	517.0	432.0	243.0	205.0	53.0	44.0
Other income (expense), net	457.0	-400.0	-603.0	-79.0	-50.0	-47.0	-1,399.0	-891.0
Pre-tax income	1,559.0	1,129.0	1,117.0	1,512.0	1,426.0	1,078.0	893.0	171.0
Income taxes	320.0	126.0	213.0	490.0	1,715.0	527.0	315.0	-42.0
Tax rate	20.5%	11.2%	19.1%	32.4%	120.3%	48.9%	35.3%
Earnings from continuing ops	1,283.0	1,079.0	908.0	981.0	-1,724.0	-6,177.0	578.0	299.0
Earnings from discontinued ops								86.0
Net income	1,283.0	1,079.0	908.0	981.0	-1,724.0	-6,177.0	578.0	299.0
Net margin	11.5%	10.1%	8.4%	9.0%	-15.8%	-57.7%	566.7%	808.1%

Basic EPS [+]	$2.35	$1.99	$1.70	$1.99	($3.88)	($14.50)	$1.37	$0.71
Growth	18.3%	17.3%	-14.9%	-151.4%	-73.2%	-1158.7%	92.4%	-24.1%
Diluted EPS [+]	$2.35	$1.99	$1.68	$1.99	($3.88)	($14.50)	$1.36	$0.71
Growth	18.3%	18.6%	-15.6%	-151.1%	-73.2%	-1163.7%	91.9%	-24.1%

Dividends per share [+]	$1.56	$1.56	$1.53	$1.82	$1.44	$1.44	$1.44	$1.44
Growth	0.0%	2.0%	-15.9%	26.4%	0.0%	0.0%	0.0%	-12.7%

Shares outstanding (basic) [+]	545.0	542.0	535.0	492.0	444.0	426.0	422.0	420.0
Growth	0.6%	1.3%	8.7%	10.8%	4.2%	0.9%	0.5%	0.5%
Shares outstanding (diluted) [+]	546.0	543.0	542.0	494.0	444.0	426.0	424.0	421.0
Growth	0.6%	0.2%	9.7%	11.3%	4.2%	0.5%	0.7%	0.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.