XML 46 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income (loss) $ 1,519 $ 2,220
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 4,419 4,393
Asset impairments 567 174
Gain on sales of assets and businesses (16) (15)
Deferred income taxes and amortization of investment tax credits 164 412
Net fair value changes related to derivatives (448) 96
Net realized and unrealized losses (gains) on NDT funds (59) (467)
Other non-cash operating activities 988 460
Changes in assets and liabilities:    
Accounts receivable 1,195 445
Inventories (67) (94)
Accounts payable and accrued expenses (519) (671)
Option premiums (paid) received, net (131) 13
Collateral received (posted), net 644 (254)
Income taxes (31) 143
Pension and non-pension postretirement benefit contributions (580) (377)
Other assets and liabilities (3,423) (1,079)
Net cash flows provided by operating activities 4,222 5,399
Cash flows from investing activities    
Capital expenditures (5,606) (5,259)
Proceeds from NDT fund sales 3,370 8,443
Investment in NDT funds (3,438) (8,437)
Collection of deferred purchase price 2,518 0
Proceeds from sales of assets and businesses 46 17
Other investing activities (2) 21
Net cash flows provided by (used in) investing activities (3,112) (5,215)
Cash flows from financing activities    
Changes in short-term borrowings (689) 430
Proceeds from short-term borrowings with maturities greater than 90 days 500 0
Repayments on short-term borrowings with maturities greater than 90 days 0 (125)
Issuance of long-term debt 6,756 1,576
Retirement of long-term debt (5,158) (644)
Dividends paid on common stock (1,119) (1,055)
Proceeds from employee stock plans 62 94
Other financing activities (104) (63)
Net cash flows provided by (used in) financing activities 248 213
Increase (Decrease) in cash, cash equivalents and restricted cash 1,358 397
Cash, cash equivalents and restricted cash at beginning of period 1,122 1,781
Cash, cash equivalents and restricted cash at end of period 2,480 2,178
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (11) (96)
Increase in deferred purchase price 3,275 0
Increase in PPE related to ARO update 775 344
Exelon Generation Co L L C [Member]    
Cash flows from operating activities    
Net income (loss) 485 784
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 2,266 2,377
Asset impairments 552 174
Gain on sales of assets and businesses (12) (15)
Deferred income taxes and amortization of investment tax credits (51) 201
Net fair value changes related to derivatives (448) 102
Net realized and unrealized losses (gains) on NDT funds (59) (467)
Other non-cash operating activities 293 (95)
Changes in assets and liabilities:    
Accounts receivable 1,463 395
Receivables from and payables to affiliates, net 75 (12)
Inventories (65) (36)
Accounts payable and accrued expenses (619) (428)
Option premiums (paid) received, net (131) 13
Collateral received (posted), net 640 (292)
Income taxes 112 327
Pension and non-pension postretirement benefit contributions (249) (165)
Other assets and liabilities (2,889) (390)
Net cash flows provided by operating activities 1,363 2,473
Cash flows from investing activities    
Capital expenditures (1,212) (1,282)
Proceeds from NDT fund sales 3,370 8,443
Investment in NDT funds (3,438) (8,437)
Collection of deferred purchase price 2,518 0
Proceeds from sales of assets and businesses 46 17
Other investing activities 5 (6)
Net cash flows provided by (used in) investing activities 1,289 (1,265)
Cash flows from financing activities    
Changes in short-term borrowings (280) 0
Proceeds from short-term borrowings with maturities greater than 90 days 500 0
Issuance of long-term debt 2,405 41
Retirement of long-term debt (3,613) (196)
Changes in Exelon/PHI intercompany money pool 0 (100)
Distributions to member (1,406) (674)
Contributions from member 64 0
Other financing activities (48) (37)
Net cash flows provided by (used in) financing activities (2,378) (966)
Increase (Decrease) in cash, cash equivalents and restricted cash 274 242
Cash, cash equivalents and restricted cash at beginning of period 449 903
Cash, cash equivalents and restricted cash at end of period 723 1,145
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (77) (24)
Increase in deferred purchase price 3,275 0
Increase in PPE related to ARO update 775 342
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income (loss) 317 410
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 259 247
Deferred income taxes and amortization of investment tax credits (5) 6
Other non-cash operating activities 27 28
Changes in assets and liabilities:    
Accounts receivable (2) 46
Receivables from and payables to affiliates, net (7) (12)
Inventories (3) (3)
Accounts payable and accrued expenses 32 (32)
Income taxes 48 (15)
Pension and non-pension postretirement benefit contributions (18) (26)
Other assets and liabilities (13) (111)
Net cash flows provided by operating activities 635 538
Cash flows from investing activities    
Capital expenditures (824) (675)
Changes in Exelon/PHI intercompany money pool 68 0
Other investing activities 4 7
Net cash flows provided by (used in) investing activities (752) (668)
Cash flows from financing activities    
Issuance of long-term debt 350 325
Dividends paid on common stock (255) (268)
Contributions from parent 248 174
Other financing activities (4) (6)
Net cash flows provided by (used in) financing activities 339 225
Increase (Decrease) in cash, cash equivalents and restricted cash 222 95
Cash, cash equivalents and restricted cash at beginning of period 27 135
Cash, cash equivalents and restricted cash at end of period 249 230
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid 28 42
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 273 261
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 405 368
Deferred income taxes and amortization of investment tax credits 35 66
Other non-cash operating activities 82 63
Changes in assets and liabilities:    
Accounts receivable (19) 110
Receivables from and payables to affiliates, net (27) (14)
Inventories 2 (5)
Accounts payable and accrued expenses 53 (28)
Collateral received (posted), net 0 (5)
Income taxes 46 (43)
Pension and non-pension postretirement benefit contributions (74) (45)
Other assets and liabilities (50) (65)
Net cash flows provided by operating activities 726 663
Cash flows from investing activities    
Capital expenditures (838) (842)
Other investing activities 0 4
Net cash flows provided by (used in) investing activities (838) (838)
Cash flows from financing activities    
Changes in short-term borrowings (76) (35)
Issuance of long-term debt 400 400
Dividends paid on common stock (186) (169)
Contributions from parent 284 104
Other financing activities (8) (7)
Net cash flows provided by (used in) financing activities 414 293
Increase (Decrease) in cash, cash equivalents and restricted cash 302 118
Cash, cash equivalents and restricted cash at beginning of period 25 13
Cash, cash equivalents and restricted cash at end of period 327 131
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid 7 6
Pepco Holdings LLC [Member]    
Cash flows from operating activities    
Net income (loss) 418 412
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 585 562
Deferred income taxes and amortization of investment tax credits (99) 8
Other non-cash operating activities 115 122
Changes in assets and liabilities:    
Accounts receivable (121) (64)
Receivables from and payables to affiliates, net (26) 1
Inventories (2) (36)
Accounts payable and accrued expenses 57 0
Income taxes (14) (11)
Pension and non-pension postretirement benefit contributions (35) (15)
Other assets and liabilities (61) (102)
Net cash flows provided by operating activities 817 877
Cash flows from investing activities    
Capital expenditures (1,072) (1,006)
Other investing activities 3 3
Net cash flows provided by (used in) investing activities (1,069) (1,003)
Cash flows from financing activities    
Changes in short-term borrowings (208) 78
Repayments on short-term borrowings with maturities greater than 90 days 0 (125)
Issuance of long-term debt 601 410
Retirement of long-term debt (119) (130)
Changes in Exelon/PHI intercompany money pool 9 10
Distributions to member (451) (429)
Contributions from member 493 283
Other financing activities (10) (5)
Net cash flows provided by (used in) financing activities 315 92
Increase (Decrease) in cash, cash equivalents and restricted cash 63 (34)
Cash, cash equivalents and restricted cash at beginning of period 181 186
Cash, cash equivalents and restricted cash at end of period 244 152
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (5) (62)
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income (loss) 227 217
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 282 281
Deferred income taxes and amortization of investment tax credits (36) 12
Other non-cash operating activities 6 43
Changes in assets and liabilities:    
Accounts receivable (61) (49)
Receivables from and payables to affiliates, net (23) 4
Inventories 2 (23)
Accounts payable and accrued expenses 36 (12)
Income taxes (11) (23)
Pension and non-pension postretirement benefit contributions (8) (10)
Other assets and liabilities 15 (55)
Net cash flows provided by operating activities 429 385
Cash flows from investing activities    
Capital expenditures (512) (455)
Changes in Exelon/PHI intercompany money pool (117) 0
Other investing activities (3) 2
Net cash flows provided by (used in) investing activities (632) (453)
Cash flows from financing activities    
Changes in short-term borrowings (82) (28)
Issuance of long-term debt 300 260
Retirement of long-term debt (2) (118)
Dividends paid on common stock (174) (173)
Contributions from parent 262 129
Other financing activities (6) (3)
Net cash flows provided by (used in) financing activities 298 67
Increase (Decrease) in cash, cash equivalents and restricted cash 95 (1)
Cash, cash equivalents and restricted cash at beginning of period 63 53
Cash, cash equivalents and restricted cash at end of period 158 52
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (23) (7)
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income (loss) 91 116
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 143 138
Deferred income taxes and amortization of investment tax credits (20) (2)
Other non-cash operating activities 47 21
Changes in assets and liabilities:    
Accounts receivable 3 29
Receivables from and payables to affiliates, net (5) (7)
Inventories (3) (7)
Accounts payable and accrued expenses 21 3
Income taxes (12) 11
Pension and non-pension postretirement benefit contributions (1) (1)
Other assets and liabilities (25) (22)
Net cash flows provided by operating activities 239 279
Cash flows from investing activities    
Capital expenditures (278) (245)
Other investing activities (3) 1
Net cash flows provided by (used in) investing activities (281) (244)
Cash flows from financing activities    
Changes in short-term borrowings (56) 57
Issuance of long-term debt 178 0
Retirement of long-term debt (79) 0
Dividends paid on common stock (99) (105)
Contributions from parent 112 0
Other financing activities (1) 0
Net cash flows provided by (used in) financing activities 55 (48)
Increase (Decrease) in cash, cash equivalents and restricted cash 13 (13)
Cash, cash equivalents and restricted cash at beginning of period 13 24
Cash, cash equivalents and restricted cash at end of period 26 11
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid 8 (13)
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 106 87
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 134 114
Deferred income taxes and amortization of investment tax credits (40) 2
Other non-cash operating activities 34 21
Changes in assets and liabilities:    
Accounts receivable (62) (44)
Receivables from and payables to affiliates, net 2 (4)
Inventories 0 (4)
Accounts payable and accrued expenses 16 27
Income taxes 4 5
Pension and non-pension postretirement benefit contributions (3) 0
Other assets and liabilities (53) (18)
Net cash flows provided by operating activities 138 186
Cash flows from investing activities    
Capital expenditures (281) (300)
Other investing activities 5 0
Net cash flows provided by (used in) investing activities (276) (300)
Cash flows from financing activities    
Changes in short-term borrowings (70) 49
Repayments on short-term borrowings with maturities greater than 90 days 0 (125)
Issuance of long-term debt 123 150
Retirement of long-term debt (38) (13)
Changes in Exelon/PHI intercompany money pool 117 0
Dividends paid on common stock (111) (100)
Contributions from parent 117 155
Other financing activities (1) (1)
Net cash flows provided by (used in) financing activities 137 115
Increase (Decrease) in cash, cash equivalents and restricted cash (1) 1
Cash, cash equivalents and restricted cash at beginning of period 28 30
Cash, cash equivalents and restricted cash at end of period 27 31
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid 9 (37)
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income (loss) 304 544
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 841 767
Asset impairments 15 0
Deferred income taxes and amortization of investment tax credits 205 115
Other non-cash operating activities 354 180
Changes in assets and liabilities:    
Accounts receivable (104) (38)
Receivables from and payables to affiliates, net (13) (27)
Inventories (2) (16)
Accounts payable and accrued expenses 21 (132)
Collateral received (posted), net 3 43
Income taxes (22) 25
Pension and non-pension postretirement benefit contributions (145) (71)
Other assets and liabilities (380) (245)
Net cash flows provided by operating activities 1,077 1,145
Cash flows from investing activities    
Capital expenditures (1,583) (1,413)
Other investing activities 0 25
Net cash flows provided by (used in) investing activities (1,583) (1,388)
Cash flows from financing activities    
Changes in short-term borrowings 11 387
Issuance of long-term debt 1,000 400
Retirement of long-term debt (500) (300)
Dividends paid on common stock (374) (380)
Contributions from parent 488 187
Other financing activities (14) (10)
Net cash flows provided by (used in) financing activities 611 284
Increase (Decrease) in cash, cash equivalents and restricted cash 105 41
Cash, cash equivalents and restricted cash at beginning of period 403 330
Cash, cash equivalents and restricted cash at end of period 508 371
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid $ 49 $ (52)