| As such, JCP&L has revised the previously issued interim Statements of Income and Comprehensive Income for the three and six months ended June 30, 2025 and the Statement of Cash Flows and Statements of Common Stockholder’s Equity for the six months ended June 30, 2025. JCP&L Interim Statements of Income and Comprehensive Income
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended
June 30, 2025 | | For the Six Months Ended
June 30, 2025 | | (In millions) | | As Reported | | Adjustment | | As Revised | | As Reported | | Adjustment | | As Revised | | Deferral of regulatory assets, net | | $ | (14) | | | $ | 2 | | | $ | (12) | | | $ | (36) | | | $ | 4 | | | $ | (32) | | | Other operating expenses | | 133 | | | 4 | | | 137 | | | 278 | | | 4 | | | 282 | | | Total operating expenses | | 493 | | | 6 | | | 499 | | | 985 | | | 8 | | | 993 | | | Operating income | | 99 | | | (6) | | | 93 | | | 173 | | | (8) | | | 165 | | | Income before income taxes | | 88 | | | (6) | | | 82 | | | 153 | | | (8) | | | 145 | | | Income taxes | | 22 | | | (2) | | | 20 | | | 38 | | | (2) | | | 36 | | | Net income | | 66 | | | (4) | | | 62 | | | 115 | | | (6) | | | 109 | | | Comprehensive income | | 66 | | | (4) | | | 62 | | | 115 | | | (6) | | | 109 | |
JCP&L Interim Statements of Common Stockholder's Equity
| | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 30, 2025 | | (In millions) | | As Reported | | Adjustment | | As Revised | | Balance, January 1, 2025 | | $ | 4,977 | | | $ | (10) | | | $ | 4,967 | | | Net income | | 49 | | | (2) | | | 47 | | | Balance, March 31, 2025 | | 4,998 | | | (12) | | | 4,986 | | | Net income | | 66 | | | (4) | | | 62 | | | Balance, June 30, 2025 | | $ | 5,065 | | | $ | (16) | | | $ | 5,049 | | | | | | | | | | | | | | | |
JCP&L Interim Statements of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended
June 30, 2025 | | (In millions) | | As Reported | | Adjustment | | As Revised | | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | Net income | | $ | 115 | | | $ | (6) | | | $ | 109 | | | Adjustments to reconcile net income to net cash from operating activities- | | | | | | — | | | Depreciation and amortization | | 110 | | (1) | 4 | | | 114 | | | Deferred income taxes and investment tax credits, net | | 53 | | | (2) | | | 51 | | | Net cash provided from operating activities | | 326 | | | (4) | | | 322 | | | | | | | | | | CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | Capital investments | | $ | (487) | | (1) | $ | 4 | | | $ | (483) | | | Net cash used for investing activities | | (527) | | | 4 | | | (523) | | | | | | | | | | Net change in cash, cash equivalents, and restricted cash | | $ | — | | | $ | — | | | $ | — | |
(1) Amount includes the effect of a reclassification made to conform prior period presentation to the current year presentation.
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