FE 2022 Annual Report

FIRSTENERGY CORP. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Common Stock OPIC AOCI Accumulated Deficit Total Common Stockholders' Equity (In millions) Shares Amount NCI Total Equity Balance, January 1, 2020 541 $ 54 $10,868 $ 20 $ (3,967) $ 6,975 $ — $ 6,975 Net income 1,079 1,079 1,079 Other comprehensive loss, net of tax (25) (25) (25) Cash dividends declared on common stock (1) (846) (846) (846) Stock Investment Plan and sharebased benefit plans 2 — 54 54 54 Balance, December 31, 2020 543 54 10,076 (5) (2,888) 7,237 — 7,237 Net income 1,283 1,283 1,283 Other comprehensive loss, net of tax (10) (10) (10) Cash dividends declared on common stock (1) (859) (859) (859) Common stock issuance (Note 10) 26 3 971 974 974 Stock Investment Plan and sharebased benefit plans 1 50 50 50 Balance, December 31, 2021 570 57 10,238 (15) (1,605) 8,675 — 8,675 Net income 406 406 33 439 Other comprehensive income, net of tax 1 1 1 Cash dividends declared on common stock (1) (892) (892) (892) Stock Investment Plan and sharebased benefit plans 2 — 98 98 98 FET minority interest sale, net of transaction costs (Note 1) 1,887 1,887 451 2,338 Distribution to FET minority interest — (21) (21) Capital contribution from FET minority interest — 9 9 Consolidated tax benefit allocation (5) (5) 5 — Other (4) (4) (4) Balance, December 31, 2022 572 $ 57 $11,322 $ (14) $ (1,199) $ 10,166 $ 477 $ 10,643 (1) Dividends declared for each share of common stock were $1.56 during 2022, 2021 and 2020. The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements. 76

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