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Statements of Cash Flows (Unaudited) - BGE - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 1,711 $ 1,739
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 2,616 2,679
Asset impairments 0 46
Gain on sales of assets and businesses 0 (8)
Deferred income taxes and amortization of investment tax credits 210 256
Net fair value changes related to derivatives 21 (59)
Net realized and unrealized (gains) losses on NDT funds 0 205
Net unrealized (gains) losses on equity investments 0 16
Other non-cash operating activities (237) 265
Changes in assets and liabilities:    
Accounts receivable 82 (1,049)
Inventories (8) (121)
Accounts payable and accrued expenses (454) 823
Option premiums paid, net 0 (39)
Collateral (paid) received, net (183) 1,456
Income taxes 50 3
Regulatory assets and liabilities, net (395) (689)
Pension and non-pension postretirement benefit contributions (97) (596)
Other assets and liabilities (24) (786)
Net cash flows provided by operating activities 3,292 4,141
Cash flows from investing activities    
Capital expenditures (5,540) (5,179)
Proceeds from NDT fund sales 0 488
Investment in NDT funds 0 (516)
Collection of deferred purchase price 0 169
Proceeds from Sale of Property Held-for-sale 0 16
Other investing activities 25 36
Net cash flows used in investing activities (5,515) (4,986)
Cash flows from financing activities    
Changes in short-term borrowings (1,116) (335)
Proceeds from short-term borrowings with maturities greater than 90 days 400 1,150
Repayments on short-term borrowings with maturities greater than 90 days (150) (925)
Issuance of long-term debt 5,300 5,801
Retirement of long-term debt (1,209) (2,067)
Issuance of common stock 0 563
Dividends paid on common stock (1,074) (999)
Proceeds from employee stock plans 30 26
Transfer of cash, restricted cash, and cash equivalents to Constellation 0 (2,594)
Other financing activities (101) (121)
Net cash flows provided by financing activities 2,080 499
(Decrease) increase in cash, restricted cash, and cash equivalents (143) (346)
Cash, restricted cash, and cash equivalents at beginning of period 1,090 1,619
Cash, restricted cash, and cash equivalents at end of period 947 1,273
Supplemental cash flow information    
Decrease in capital expenditures not paid (169) (147)
Increase in DPP 0 348
Baltimore Gas and Electric Company    
Cash flows from operating activities    
Net income 286 267
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 487 470
Asset impairments 0 46
Deferred income taxes and amortization of investment tax credits 41 1
Other non-cash operating activities 0 101
Changes in assets and liabilities:    
Accounts receivable 194 18
Receivables from and payables to affiliates, net (7) (9)
Inventories 45 (74)
Accounts payable and accrued expenses (38) 15
Collateral (paid) received, net (22) 125
Income taxes 19 (20)
Regulatory assets and liabilities, net (151) (113)
Pension and non-pension postretirement benefit contributions (15) (64)
Other assets and liabilities 46 14
Net cash flows provided by operating activities 885 777
Cash flows from investing activities    
Capital expenditures (986) (918)
Other investing activities 6 7
Net cash flows used in investing activities (980) (911)
Cash flows from financing activities    
Changes in short-term borrowings (349) 26
Issuance of long-term debt 700 500
Retirement of long-term debt (300) (250)
Dividends paid on common stock (237) (225)
Contributions from parent 237 186
Other financing activities (7) (8)
Net cash flows provided by financing activities 44 229
(Decrease) increase in cash, restricted cash, and cash equivalents (51) 95
Cash, restricted cash, and cash equivalents at beginning of period 67 55
Cash, restricted cash, and cash equivalents at end of period 16 150
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (17) $ 12