XML 22 R7.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] $ 966 $ 1,878
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 580 561
Amortization of Nuclear Fuel 93 94
Provision for Deferred Income Taxes and ITC 123 377
Non-Cash Employee Benefit Plan (Credits) Costs 37 19
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 100 (1,066)
Payments for Removal Costs (91) (82)
Net Change in Regulatory Assets and Liabilities (51) (21)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (137) (132)
Net Change in Certain Current Assets and Liabilities:    
Margin Deposit (24) 1,095
Prepayments (205) (270)
Obligation to Return Cash Collateral 9 (198)
Other Current Assets and Liabilities (56) 351
Employee Benefit Plan Funding and Related Payments (31) (21)
Other 10 (8)
Net Cash Provided By (Used In) Operating Activities 1,143 2,409
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,634) (1,444)
Proceeds from Sale of Trust Investments 814 721
Purchases of Trust Investments (841) (742)
Proceeds from Equity Method Investment, Distribution, Return of Capital 0 290
Proceeds from Sales of Long-Lived Assets and Lease Investments 0 20
Other 49 36
Net Cash Provided By (Used In) Investing Activities (1,612) (1,119)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans 430 247
Proceeds from Short-Term Loan 0 750
Repayments of Short-term Debt (500) (2,000)
Proceeds from Issuance of Other Long-term Debt 2,250 900
Repayments of Long-term Debt 1,000 500
Cash Dividends Paid on Common Stock (598) (569)
Other (67) (32)
Net Cash Provided By (Used In) Financing Activities 515 (1,204)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 46 86
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 99 511
Cash, Cash Equivalents and Restricted Cash at End of Period 145 597
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 17 63
Interest Paid, Net of Amounts Capitalized 375 347
Accrued Property, Plant and Equipment Expenditures 383 413
Energy Efficiency Program Regulatory Investment Expenditures (237) (204)
Amortization of Energy Efficiency Program Expenditures 57 36
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 790 823
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 504 484
Provision for Deferred Income Taxes and ITC 97 65
Non-Cash Employee Benefit Plan (Credits) Costs 20 7
Payments for Removal Costs (91) (82)
Net Change in Regulatory Assets and Liabilities (51) (21)
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues (20) 229
Fuel, Materials and Supplies (86) (97)
Prepayments (200) (228)
Obligation to Return Cash Collateral 9 (198)
Accounts Payable (19) (67)
Accounts Receivable/Payable-Affiliated Companies, net 4 (189)
Other Current Assets and Liabilities 14 40
Employee Benefit Plan Funding and Related Payments (21) (11)
Other (31) (44)
Net Cash Provided By (Used In) Operating Activities 739 543
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,485) (1,336)
Proceeds from Sale of Trust Investments 2 3
Purchases of Trust Investments (2) (2)
Other 15 12
Net Cash Provided By (Used In) Investing Activities (1,470) (1,323)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (35) 298
Proceeds from Issuance of Other Long-term Debt 1,000 900
Repayments of Long-term Debt 250 500
Other (12) (8)
Net Cash Provided By (Used In) Financing Activities 703 690
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (28) (90)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 75 266
Cash, Cash Equivalents and Restricted Cash at End of Period 47 176
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 13 65
Interest Paid, Net of Amounts Capitalized 251 218
Accrued Property, Plant and Equipment Expenditures 310 390
Energy Efficiency Program Regulatory Investment Expenditures (237) (204)
Amortization of Energy Efficiency Program Expenditures $ 57 $ 36
[1] Includes net after-tax gains (losses) of $114 million and $212 million for the three months and $(72) million and $767 million for the six months ended June 30, 2024 and 2023, respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.