XML 97 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income $ 1,372 $ 651
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization 1,957 1,925
Impairment of long-lived assets 24 112
Gain on consolidation and acquisition of businesses 0 (268)
Gain on sales of assets (8) (18)
Deferred income taxes and amortization of investment tax credits 211 133
Net fair value changes related to derivatives (507) 751
Net realized and unrealized gains on nuclear decommissioning trust fund investments (2) (168)
Other non-cash operating activities 579 473
Changes in assets and liabilities:    
Accounts receivable 253 48
Inventories 159 (150)
Accounts payable, accrued expenses and other current liabilities (668) (358)
Option premiums received, net 22 21
Counterparty collateral received (posted), net 417 (606)
Income taxes 247 (16)
Pension and non-pension postretirement benefit contributions (301) (499)
Other assets and liabilities 214 (280)
Net cash flows provided by operating activities 3,969 1,751
Cash flows from investing activities    
Capital expenditures (3,460) (2,501)
Proceeds from nuclear decommissioning trust fund sales 3,314 4,219
Investment in nuclear decommissioning trust funds (3,437) (4,238)
Acquisition of businesses (28) (66)
Proceeds from sale of long-lived assets 145 32
Proceeds from termination of direct financing lease investment 0 335
Change in restricted cash (3) (40)
Cash and restricted cash acquired from consolidations and acquisitions 0 129
Other investing activities (77) (57)
Net cash flows used in investing activities (3,546) (2,187)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Changes in short-term borrowings 94 293
Issuance of long-term debt 5,907 2,100
Retirement of long-term debt (1,708) (1,191)
Distributions to noncontrolling interest of consolidated VIE 0 (415)
Dividends paid on common stock (537) (533)
Proceeds from employee stock plans 16 18
Other financing activities (59) (83)
Net cash flows provided by financing activities 3,713 189
Increase (decrease) in cash and cash equivalents 4,136 (247)
Cash and cash equivalents at beginning of period 1,878 1,609
Cash and cash equivalents at end of period 6,014 1,362
Exelon Generation Co L L C [Member]    
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income 875 188
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization 1,255 1,242
Impairment of long-lived assets (1) 88
Gain on consolidation and acquisition of businesses 0 (268)
Gain on sales of assets (6) (18)
Deferred income taxes and amortization of investment tax credits 65 (15)
Net fair value changes related to derivatives (396) 760
Net realized and unrealized gains on nuclear decommissioning trust fund investments (2) (168)
Other non-cash operating activities 134 139
Changes in assets and liabilities:    
Accounts receivable 291 63
Receivables from and payables to affiliates, net (11) (20)
Inventories 134 (170)
Accounts payable, accrued expenses and other current liabilities (485) (273)
Option premiums received, net 22 21
Counterparty collateral received (posted), net 440 (633)
Income taxes 27 72
Pension and non-pension postretirement benefit contributions (122) (210)
Other assets and liabilities 203 (56)
Net cash flows provided by operating activities 2,423 742
Cash flows from investing activities    
Capital expenditures (1,764) (1,103)
Proceeds from nuclear decommissioning trust fund sales 3,314 4,219
Investment in nuclear decommissioning trust funds (3,437) (4,238)
Proceeds from nuclear decommissioning trust fund sales 0  
Acquisition of businesses (28) (66)
Proceeds from sale of long-lived assets 144 32
Change in restricted cash (16) (17)
Cash and restricted cash acquired from consolidations and acquisitions 0 129
Other investing activities (63) (14)
Changes in Exelon intercompany money pool 638 190
Funding of Exelon intercompany money pool   44
Net cash flows used in investing activities (1,850) (1,014)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Changes in short-term borrowings 15 46
Issuance of long-term debt 1,307 300
Retirement of long-term debt (39) (538)
Repayments of Related Party Debt (550) 0
Distributions to noncontrolling interest of consolidated VIE 0 (415)
Other financing activities (6) (29)
Distribution to member (2,262) (235)
Changes in Exelon intercompany money pool 638 190
Net cash flows provided by financing activities (897) (681)
Increase (decrease) in cash and cash equivalents (324) (953)
Cash and cash equivalents at beginning of period 780 1,258
Cash and cash equivalents at end of period 456 305
Commonwealth Edison Co [Member]    
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income 189 209
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization 352 347
Deferred income taxes and amortization of investment tax credits 36 63
Other non-cash operating activities 222 99
Changes in assets and liabilities:    
Accounts receivable (57) (83)
Receivables from and payables to affiliates, net (10) (46)
Inventories (19) (4)
Accounts payable, accrued expenses and other current liabilities (52) 27
Income taxes 239 5
Pension and non-pension postretirement benefit contributions (125) (236)
Other assets and liabilities 25 48
Net cash flows provided by operating activities 800 429
Cash flows from investing activities    
Capital expenditures (1,061) (747)
Proceeds from sales of investments 0 7
Purchases of investments 0 (3)
Change in restricted cash 0 (2)
Other investing activities 17 14
Net cash flows used in investing activities (1,044) (731)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Changes in short-term borrowings 199 314
Issuance of long-term debt 400 650
Retirement of long-term debt (260) (617)
Dividends paid on common stock (150) (153)
Other financing activities (5) (2)
Contributions from parent 45 112
Net cash flows provided by financing activities 229 304
Increase (decrease) in cash and cash equivalents (15) 2
Cash and cash equivalents at beginning of period 66 36
Cash and cash equivalents at end of period 51 38
PECO Energy Co [Member]    
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income 209 173
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization 131 117
Gain on sales of assets   0
Deferred income taxes and amortization of investment tax credits 4 6
Other non-cash operating activities 45 50
Changes in assets and liabilities:    
Accounts receivable (18) 34
Receivables from and payables to affiliates, net (2) (21)
Inventories 21 22
Accounts payable, accrued expenses and other current liabilities 3 30
Income taxes 57 54
Pension and non-pension postretirement benefit contributions (15) (11)
Other assets and liabilities (60) (114)
Net cash flows provided by operating activities 375 340
Cash flows from investing activities    
Capital expenditures (289) (308)
Change in restricted cash (1) 0
Other investing activities 9 6
Changes in Exelon intercompany money pool 41 0
Net cash flows used in investing activities (281) (302)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Dividends paid on common stock (139) (160)
Other financing activities 0 (2)
Changes in Exelon intercompany money pool 41 0
Net cash flows provided by financing activities (98) (162)
Increase (decrease) in cash and cash equivalents (4) (124)
Cash and cash equivalents at beginning of period 30 217
Cash and cash equivalents at end of period 26 93
Baltimore Gas and Electric Company [Member]    
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income 157 106
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization 192 197
Deferred income taxes and amortization of investment tax credits 54 47
Other non-cash operating activities 76 89
Changes in assets and liabilities:    
Accounts receivable 25 44
Receivables from and payables to affiliates, net (2) (12)
Inventories 23 0
Accounts payable, accrued expenses and other current liabilities (49) (74)
Counterparty collateral received (posted), net (23) 27
Income taxes (6) (14)
Pension and non-pension postretirement benefit contributions (9) (8)
Other assets and liabilities 51 8
Net cash flows provided by operating activities 489 410
Cash flows from investing activities    
Capital expenditures (304) (313)
Change in restricted cash 21 (30)
Other investing activities 8 11
Net cash flows used in investing activities (275) (332)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Changes in short-term borrowings (120) (65)
Retirement of long-term debt (37) (35)
Dividends paid on common stock (77) 0
Other financing activities (14) 12
Contributions from parent 0  
Proceeds from employee stock plans (6) (6)
Net cash flows provided by financing activities (254) (94)
Increase (decrease) in cash and cash equivalents (40) (16)
Cash and cash equivalents at beginning of period 64 31
Cash and cash equivalents at end of period $ 24 $ 15