Supplemental Financial Information (All Registrants) |
Supplemental Financial Information (All Registrants) Supplemental Statement of Operations Information The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Operations and Comprehensive Income. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Taxes other than income taxes | | Exelon | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | For the year ended December 31, 2022 | | | | | | | | | | | | | | | | Utility(a) | $ | 878 | | | $ | 306 | | | $ | 166 | | | $ | 94 | | | $ | 312 | | | $ | 283 | | | $ | 25 | | | $ | 4 | | Property | 377 | | | 31 | | | 17 | | | 191 | | | 138 | | | 94 | | | 42 | | | 2 | | Payroll | 117 | | | 28 | | | 16 | | | 17 | | | 25 | | | 6 | | | 4 | | | 3 | | | | | | | | | | | | | | | | | | For the year ended December 31, 2021 | | | | | | | | | | | | | | | | Utility(a) | $ | 774 | | | $ | 246 | | | $ | 139 | | | $ | 88 | | | $ | 301 | | | $ | 278 | | | $ | 22 | | | $ | 3 | | Property | 364 | | | 39 | | | 18 | | | 176 | | | 131 | | | 88 | | | 40 | | | 3 | | Payroll | 124 | | | 27 | | | 16 | | | 18 | | | 27 | | | 7 | | | 5 | | | 3 | | | | | | | | | | | | | | | | | | For the year ended December 31, 2020 | | | | | | | | | | | | | | | | Utility(a) | $ | 759 | | | $ | 238 | | | $ | 135 | | | $ | 87 | | | $ | 299 | | | $ | 275 | | | $ | 21 | | | $ | 3 | | Property | 336 | | | 30 | | | 16 | | | 164 | | | 126 | | | 84 | | | 39 | | | 3 | | Payroll | 121 | | | 27 | | | 16 | | | 17 | | | 25 | | | 7 | | | 5 | | | 3 | |
__________ (a)The Registrants’ utility taxes represents municipal and state utility taxes and gross receipts taxes related to their operating revenues. The offsetting collection of utility taxes from customers is recorded in revenues in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other, net | | Exelon | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | For the year ended December 31, 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AFUDC—Equity | $ | 150 | | | $ | 35 | | | $ | 31 | | | $ | 21 | | | $ | 63 | | | $ | 48 | | | $ | 7 | | | $ | 8 | | Non-service net periodic benefit cost | 63 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the year ended December 31, 2021 | | | | | | | | | | | | | | | | AFUDC—Equity | $ | 136 | | | $ | 34 | | | $ | 26 | | | $ | 27 | | | $ | 49 | | | $ | 40 | | | $ | 6 | | | $ | 3 | | Non-service net periodic benefit cost | 91 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | For the year ended December 31, 2020 | | | | | | | | | | | | | | | | AFUDC—Equity | $ | 104 | | | $ | 29 | | | $ | 17 | | | $ | 22 | | | $ | 36 | | | $ | 28 | | | $ | 4 | | | $ | 4 | | Non-service net periodic benefit cost | 53 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | |
Supplemental Cash Flow Information The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Cash Flows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Depreciation, amortization, and accretion | | Exelon(a) | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | For the year ended December 31, 2022 | | | | | | | | | | | | | | | Property, plant, and equipment(b) | $ | 2,690 | | | $ | 1,031 | | | $ | 359 | | | $ | 476 | | | $ | 680 | | | $ | 288 | | | $ | 191 | | | $ | 173 | | Amortization of regulatory assets(b) | 718 | | | 292 | | | 14 | | | 154 | | | 258 | | | 129 | | | 41 | | | 88 | | Amortization of intangible assets, net(b) | 12 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Amortization of energy contract assets and liabilities(c) | 3 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Nuclear fuel(d) | 66 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | ARO accretion(e) | 44 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total depreciation, amortization, and accretion | $ | 3,533 | | | $ | 1,323 | | | $ | 373 | | | $ | 630 | | | $ | 938 | | | $ | 417 | | | $ | 232 | | | $ | 261 | | | | | | | | | | | | | | | | | | For the year ended December 31, 2021 | | | | | | | | | | | | | | | Property, plant, and equipment(b) | $ | 5,384 | | | $ | 970 | | | $ | 336 | | | $ | 439 | | | $ | 627 | | | $ | 274 | | | $ | 169 | | | $ | 155 | | Amortization of regulatory assets(b) | 594 | | | 235 | | | 12 | | | 152 | | | 194 | | | 129 | | | 41 | | | 24 | | Amortization of intangible assets, net(b) | 58 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Amortization of energy contract assets and liabilities(c) | 31 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Nuclear fuel(d) | 992 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | ARO accretion(e) | 514 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total depreciation, amortization, and accretion | $ | 7,573 | | | $ | 1,205 | | | $ | 348 | | | $ | 591 | | | $ | 821 | | | $ | 403 | | | $ | 210 | | | $ | 179 | | | | | | | | | | | | | | | | | | For the year ended December 31, 2020 | | | | | | | | | | | | | | | Property, plant, and equipment(b) | $ | 4,364 | | | $ | 922 | | | $ | 319 | | | $ | 397 | | | $ | 586 | | | $ | 257 | | | $ | 155 | | | $ | 140 | | Amortization of regulatory assets(b) | 588 | | | 211 | | | 28 | | | 153 | | | 196 | | | 120 | | | 36 | | | 40 | | Amortization of intangible assets, net(b) | 62 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Amortization of energy contract assets and liabilities(c) | 30 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Nuclear fuel(d) | 983 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | ARO accretion(e) | 500 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total depreciation, amortization, and accretion | $ | 6,527 | | | $ | 1,133 | | | $ | 347 | | | $ | 550 | | | $ | 782 | | | $ | 377 | | | $ | 191 | | | $ | 180 | |
__________ (a)Exelon's amounts include amounts related to Generation prior to the separation. See Note 2 — Discontinued Operations for additional information. (b)Included in Depreciation and amortization in the Registrants' Consolidated Statements of Operations and Comprehensive Income. (c)Included in Electric operating revenues or Purchased power expense in Exelon’s Consolidated Statements of Operations and Comprehensive Income. (d)Included in Purchased fuel expense in Exelon’s Consolidated Statements of Operations and Comprehensive Income. (e)Included in Operating and maintenance expense in Exelon's Consolidated Statements of Operations and Comprehensive Income. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash paid (refunded) during the year: | | Exelon(a) | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | For the year ended December 31, 2022 | | | | | | | | | | | | | | | | Interest (net of amount capitalized) | $ | 1,434 | | | $ | 396 | | | $ | 166 | | | $ | 147 | | | $ | 274 | | | $ | 141 | | | $ | 63 | | | $ | 60 | | Income taxes (net of refunds) | 73 | | | 23 | | | 31 | | | 16 | | | 19 | | | 28 | | | (2) | | | (6) | | | | | | | | | | | | | | | | | | For the year ended December 31, 2021 | | | | | | | | | | | | | | | | Interest (net of amount capitalized) | $ | 1,505 | | | $ | 372 | | | $ | 152 | | | $ | 134 | | | $ | 255 | | | $ | 132 | | | $ | 59 | | | $ | 56 | | Income taxes (net of refunds) | 281 | | | (72) | | | (4) | | | (38) | | | — | | | 12 | | | (9) | | | 2 | | | | | | | | | | | | | | | | | | For the year ended December 31, 2020 | | | | | | | | | | | | | | | | Interest (net of amount capitalized) | $ | 1,521 | | | $ | 371 | | | $ | 144 | | | $ | 125 | | | $ | 257 | | | $ | 129 | | | $ | 61 | | | $ | 57 | | Income taxes (net of refunds) | 10 | | | (61) | | | (37) | | | (57) | | | 46 | | | 40 | | | 12 | | | (3) | | __________(a)Exelon's amounts include amounts related to Generation prior to the separation. See Note 2 — Discontinued Operations for additional information. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other non-cash operating activities: | | Exelon(a) | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | For the year ended December 31, 2022 | | | | | | | | | | | | | | | | Pension and non-pension postretirement benefit costs | $ | 164 | | | $ | 60 | | | $ | (9) | | | $ | 44 | | | $ | 53 | | | $ | 9 | | | $ | 3 | | | $ | 12 | | Allowance for credit losses | 173 | | | 46 | | | 45 | | | 25 | | | 58 | | | 29 | | | 12 | | | 16 | | Other decommissioning-related activity | 36 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Energy-related options | 60 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | True-up adjustments to decoupling mechanisms and formula rates(b) | (168) | | | (267) | | | (2) | | | 47 | | | 54 | | | 31 | | | 7 | | | 16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Long-term incentive plan | 42 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Amortization of operating ROU asset | 56 | | | 2 | | | — | | | 14 | | | 27 | | | 7 | | | 8 | | | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AFUDC - Equity | (150) | | | (35) | | | (31) | | | (21) | | | (63) | | | (48) | | | (7) | | | (8) | | | | | | | | | | | | | | | | | | For the year ended December 31, 2021 | | | | | | | | | | | | | | | | Pension and non-pension postretirement benefit costs | $ | 411 | | | $ | 129 | | | $ | 8 | | | $ | 61 | | | $ | 49 | | | $ | 6 | | | $ | 2 | | | $ | 11 | | Allowance for credit losses | 160 | | | 47 | | | 39 | | | 17 | | | 24 | | | 9 | | | 5 | | | 10 | | Other decommissioning-related activity | (946) | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Energy-related options | 125 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | True-up adjustments to decoupling mechanisms and formula rates(b) | (171) | | | (42) | | | (26) | | | (12) | | | (91) | | | (53) | | | (14) | | | (24) | | Severance costs | (57) | | | 2 | | | — | | | — | | | 1 | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Long-term incentive plan | 137 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Amortization of operating ROU asset | 183 | | | 1 | | | — | | | 29 | | | 28 | | | 6 | | | 8 | | | 4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AFUDC - Equity | (136) | | | (34) | | | (26) | | | (27) | | | (49) | | | (40) | | | (6) | | | (3) | | | | | | | | | | | | | | | | | | For the year ended December 31, 2020 | | | | | | | | | | | | | | | | Pension and non-pension postretirement benefit costs | $ | 411 | | | $ | 114 | | | $ | 5 | | | $ | 62 | | | $ | 70 | | | $ | 15 | | | $ | 7 | | | $ | 14 | | Allowance for credit losses | 150 | | | 32 | | | 42 | | | 15 | | | 43 | | | 24 | | | 16 | | | 2 | | Other decommissioning-related activity | (659) | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Energy-related options | 104 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | True-up adjustments to decoupling mechanisms and formula rates(c) | (6) | | | 47 | | | (16) | | | (16) | | | (21) | | | (40) | | | 7 | | | 12 | | Severance costs | 105 | | | 1 | | | 1 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | Provision for excess and obsolete inventory | 131 | | | 2 | | | 1 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | Long-term incentive plan | 56 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Amortization of operating ROU Asset | 222 | | | 2 | | | 1 | | | 31 | | | 28 | | | 7 | | | 8 | | | 3 | | Asset impairments | — | | | 15 | | | — | | | — | | | 13 | | | — | | | 7 | | | 6 | | AFUDC - Equity | (104) | | | (29) | | | (17) | | | (22) | | | (36) | | | (28) | | | (4) | | | (4) | |
__________ (a)Exelon's amounts include amounts related to Generation prior to the separation. See Note 2 — Discontinued Operations for additional information. (b)For ComEd, reflects the true-up adjustments in regulatory assets and liabilities associated with its distribution, energy efficiency, distributed generation, and transmission formula rates. For PECO, reflects the change in regulatory assets and liabilities associated with its transmission formula rate. For BGE, Pepco, DPL, and ACE, reflects the change in regulatory assets and liabilities associated with their decoupling mechanisms and transmission formula rates. See Note 3 — Regulatory Matters for additional information. (c)For ComEd, reflects the true-up adjustments in regulatory assets and liabilities associated with its distribution, energy efficiency, distributed generation, and transmission formula rates. For BGE, Pepco, and DPL, reflects the change in regulatory assets and liabilities associated with their decoupling mechanisms and transmission formula rates. For PECO and ACE, reflects the change in regulatory assets and liabilities associated with their transmission formula rates. See Note 3 — Regulatory Matters for additional information The following tables provide a reconciliation of cash, restricted cash, and cash equivalents reported within the Registrants' Consolidated Balance Sheets that sum to the total of the same amounts in their Consolidated Statements of Cash Flows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Exelon | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | December 31, 2022 | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 407 | | | $ | 67 | | | $ | 59 | | | $ | 43 | | | $ | 198 | | | $ | 45 | | | $ | 31 | | | $ | 72 | | Restricted cash and cash equivalents | 566 | | | 327 | | | 9 | | | 24 | | | 175 | | | 54 | | | 121 | | | — | | Restricted cash included in other long-term assets | 117 | | | 117 | | | — | | | — | | | — | | | — | | | — | | | — | | Total cash, restricted cash, and cash equivalents | $ | 1,090 | | | $ | 511 | | | $ | 68 | | | $ | 67 | | | $ | 373 | | | $ | 99 | | | $ | 152 | | | $ | 72 | | | | | | | | | | | | | | | | | | December 31, 2021 | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 672 | | | $ | 131 | | | $ | 36 | | | $ | 51 | | | $ | 136 | | | $ | 34 | | | $ | 28 | | | $ | 29 | | Restricted cash and cash equivalents | 321 | | | 210 | | | 8 | | | 4 | | | 77 | | | 34 | | | 43 | | | — | | Restricted cash included in other long-term assets | 44 | | | 43 | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | Cash, restricted cash, and cash equivalents included in current assets of discontinued operations | 582 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total cash, restricted cash, and cash equivalents | $ | 1,619 | | | $ | 384 | | | $ | 44 | | | $ | 55 | | | $ | 213 | | | $ | 68 | | | $ | 71 | | | $ | 29 | | | | | | | | | | | | | | | | | | December 31, 2020 | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 432 | | | $ | 83 | | | $ | 19 | | | $ | 144 | | | $ | 111 | | | $ | 30 | | | $ | 15 | | | $ | 17 | | Restricted cash and cash equivalents | 349 | | | 279 | | | 7 | | | 1 | | | 39 | | | 35 | | | — | | | 3 | | Restricted cash included in other long-term assets | 53 | | | 43 | | | — | | | — | | | 10 | | | — | | | — | | | 10 | | Cash, restricted cash, and cash equivalents included in current assets of discontinued operations | 332 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total cash, restricted cash, and cash equivalents | $ | 1,166 | | | $ | 405 | | | $ | 26 | | | $ | 145 | | | $ | 160 | | | $ | 65 | | | $ | 15 | | | $ | 30 | | | | | | | | | | | | | | | | | | December 31, 2019 | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 587 | | | $ | 90 | | | $ | 21 | | | $ | 24 | | | $ | 131 | | | $ | 30 | | | $ | 13 | | | $ | 12 | | Restricted cash and cash equivalents | 358 | | | 150 | | | 6 | | | 1 | | | 36 | | | 33 | | | — | | | 2 | | Restricted cash included in other long-term assets | 177 | | | 163 | | | — | | | — | | | 14 | | | — | | | — | | | 14 | | Total cash, restricted cash, and cash equivalents(a) | $ | 1,122 | | | $ | 403 | | | $ | 27 | | | $ | 25 | | | $ | 181 | | | $ | 63 | | | $ | 13 | | | $ | 28 | | __________(a)Exelon's amounts include amounts related to Generation prior to the separation. See Note 2 — Discontinued Operations for additional information. Supplemental Balance Sheet Information The following tables provide additional information about material items recorded in the Registrants' Consolidated Balance Sheets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investments | | Exelon | | ComEd | | PECO | | BGE | | PHI | | Pepco | | | | | December 31, 2022 | | | | | | | | | | | | | | | | Equity method investments: | | | | | | | | | | | | | | | | Other equity method investments | $ | 16 | | | $ | 6 | | | $ | 8 | | | $ | — | | | $ | — | | | $ | — | | | | | | Other investments: | | | | | | | | | | | | | | | | Employee benefit trusts and investments(a) | 216 | | | — | | | 22 | | | 7 | | | 138 | | | 119 | | | | | | Total investments | $ | 232 | | | $ | 6 | | | $ | 30 | | | $ | 7 | | | $ | 138 | | | $ | 119 | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | | | | | | | | | | | | | | Equity method investments: | | | | | | | | | | | | | | | | Other equity method investments | $ | 15 | | | $ | 6 | | | $ | 7 | | | $ | — | | | $ | — | | | $ | — | | | | | | Other investments: | | | | | | | | | | | | | | | | Employee benefit trusts and investments(a) | 235 | | | — | | | 27 | | | 14 | | | 145 | | | 120 | | | | | | | | | | | | | | | | | | | | | | Total investments | $ | 250 | | | $ | 6 | | | $ | 34 | | | $ | 14 | | | $ | 145 | | | $ | 120 | | | | | |
__________ (a)The Registrants’ debt and equity security investments are recorded at fair market value.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrued expenses | | Exelon | | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | December 31, 2022 | | | | | | | | | | | | | | | | Compensation-related accruals(a) | $ | 613 | | | $ | 179 | | | $ | 81 | | | $ | 79 | | | $ | 104 | | | $ | 29 | | | $ | 20 | | | $ | 16 | | Taxes accrued | 211 | | | 92 | | | 10 | | | 34 | | | 70 | | | 52 | | | 8 | | | 12 | | Interest accrued | 338 | | | 124 | | | 47 | | | 42 | | | 61 | | | 32 | | | 9 | | | 14 | | | | | | | | | | | | | | | | | | December 31, 2021 | | | | | | | | | | | | | | | | Compensation-related accruals(a) | $ | 596 | | | $ | 155 | | | $ | 77 | | | $ | 78 | | | $ | 113 | | | $ | 35 | | | $ | 20 | | | $ | 17 | | Taxes accrued | 253 | | | 94 | | | 14 | | | 53 | | | 96 | | | 88 | | | 9 | | | 11 | | Interest accrued | 297 | | | 116 | | | 41 | | | 44 | | | 52 | | | 28 | | | 8 | | | 11 | |
__________ (a)Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits.
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