• The absence of accounts receivable working capital improvements in 2021, when collection activity improved since the start of the pandemic. Accounts receivable working capital was also impacted by higher generation prices charged to customers and higher customer usage and demands, partially offset by, • Higher cash flow generated from regulated capital investments made since 2021, • Higher cash collateral receipts primarily from certain generation suppliers that serve shopping customers due to the rise in power prices, • Higher cash dividend distributions received by FEV from its equity investment in Global Holding, and • Improvements in accounts payable working capital, primarily from the implementation of certain FE Forward initiatives and higher purchased power costs. FirstEnergy's Consolidated Statements of Cash Flows combines cash flows from discontinued operations with cash flows from continuing operations within each cash flow category. The following table summarizes the major classes of cash flow items from discontinued operations for the years ended December 31, 2022, 2021 and 2020: For the Years Ended December 31, (In millions) 2022 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES: Income from discontinued operations $ — $ 44 $ 76 Gain on disposal, net of tax — (47) (76) Cash Flows From Financing Activities Cash provided from (used for) financing activities was $(912) million, $(542) million, and $2.6 billion in 2022, 2021, and 2020, respectively. The following table summarizes financing activities for the years ended 2022, 2021, and 2020. For the Years Ended December 31, Financing Activities 2022 2021 2020 (In millions) New Issues Unsecured notes $ 300 $ 1,750 $ 3,250 FMBs 400 200 175 Senior secured notes — 150 — 700 2,100 3,425 Redemptions / Repayments Unsecured notes (2,737) (400) (250) Pollution control revenue bonds — (74) — FMBs (200) — (50) Term loan — — (750) Senior secured notes (68) (58) (64) (3,005) (532) (1,114) Proceeds from FET minority interest sale, net of transaction costs 2,348 — — Distributions to FET minority interest (21) — — Capital Call from FET minority interest 9 — — Discounts (premiums) on debt issuances and redemptions, net (151) 27 (4) Common stock issuance — 1,000 — Short-term borrowings, net 100 (2,200) 1,200 Common stock dividend payments (891) (849) (845) Other (1) (88) (55) $ (912) $ (542) $ 2,607 49
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