XML 27 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 899 $ 853
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 639 621
Amortization of Nuclear Fuel 93 89
(Gain) Loss on Disposition of Assets 0 395
Emission Allowances and Renewable Energy Credit Compliance Accrual 65 46
Provision for Deferred Income Taxes and ITC 104 123
Non-Cash Employee Benefit Plan (Credits) Costs (52) (5)
Leveraged Lease (Income) Loss, Adjusted for Rents Received and Deferred Taxes 11 (3)
Net (Gain) Loss on Lease Investments (2) 32
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives (1) (320)
Cost of Removal (44) (61)
Net Change in Regulatory Assets and Liabilities (70) 84
Net Realized (Gains) Losses and (Income) Expense from NDT Fund 5 (189)
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 16 77
Accrued Taxes 115 (10)
Margin Deposit 32 392
Other Current Assets and Liabilities (60) (299)
Employee Benefit Plan Funding and Related Payments (6) (24)
Other (80) 23
Net Cash Provided By (Used In) Operating Activities 1,664 1,824
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,414) (1,604)
Purchase of Emissions Allowances and RECs (50) (29)
Proceeds from Sale of Available-for-Sale Securities 1,163 966
Investments in Available-for-Sale Securities (1,184) (984)
Other 52 29
Net Cash Provided By (Used In) Investing Activities (1,433) (1,622)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (750) (651)
Proceeds from Short-Term Loan 800 0
Proceeds from Issuance of Other Long-term Debt 975 1,500
Redemption of Long-term Debt (406) (600)
Cash Dividends Paid on Common Stock (495) (475)
Other (64) (60)
Net Cash Provided By (Used In) Financing Activities 60 (286)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 291 (84)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 176 199
Cash, Cash Equivalents and Restricted Cash at End of Period 467 115
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 41 25
Interest Paid, Net of Amounts Capitalized 288 256
Accrued Property, Plant and Equipment Expenditures 331 456
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 723 630
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 439 414
Provision for Deferred Income Taxes and ITC 74 10
Non-Cash Employee Benefit Plan (Credits) Costs (51) (19)
Cost of Removal (44) (61)
Net Change in Regulatory Assets and Liabilities (70) 84
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 69 75
Fuel, Materials and Supplies 1 (21)
Prepayments (155) (194)
Accounts Payable 39 (97)
Accounts Receivable/Payable-Affiliated Companies, net (5) 0
Other Current Assets and Liabilities 40 27
Employee Benefit Plan Funding and Related Payments 0 (15)
Other (61) 5
Net Cash Provided By (Used In) Operating Activities 999 838
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,190) (1,258)
Proceeds from Sale of Available-for-Sale Securities 23 19
Investments in Available-for-Sale Securities (22) (17)
Solar Loan Investments 0 (1)
Other 7 4
Net Cash Provided By (Used In) Investing Activities (1,182) (1,253)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (362) (82)
Proceeds from Issuance of Other Long-term Debt 975 750
Redemption of Long-term Debt 0 (250)
Cash Dividends Paid on Common Stock (175) 0
Other (11) (8)
Net Cash Provided By (Used In) Financing Activities 427 410
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 244 (5)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 50 61
Cash, Cash Equivalents and Restricted Cash at End of Period 294 56
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 51 (107)
Interest Paid, Net of Amounts Capitalized 179 168
Accrued Property, Plant and Equipment Expenditures 282 289
PSEG Power [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 183 256
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 185 189
Amortization of Nuclear Fuel 93 89
(Gain) Loss on Disposition of Assets 0 395
Emission Allowances and Renewable Energy Credit Compliance Accrual 65 46
Provision for Deferred Income Taxes and ITC 7 131
Non-Cash Employee Benefit Plan (Credits) Costs (3) 9
Interest Accretion on Asset Retirement Obligations 21 20
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives (1) (320)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund 5 (189)
Net Change in Certain Current Assets and Liabilities:    
Fuel, Materials and Supplies 70 90
Margin Deposit 32 392
Accounts Receivable (14) 49
Accounts Payable (92) (88)
Accounts Receivable/Payable-Affiliated Companies, net 131 90
Other Current Assets and Liabilities 4 3
Employee Benefit Plan Funding and Related Payments (3) (6)
Other (57) (6)
Net Cash Provided By (Used In) Operating Activities 626 1,150
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (218) (339)
Purchase of Emissions Allowances and RECs (50) (29)
Proceeds from Sale of Available-for-Sale Securities 1,077 901
Investments in Available-for-Sale Securities (1,100) (921)
Short-Term Loan-Affiliated Company (45) 348
Other 23 22
Net Cash Provided By (Used In) Investing Activities (223) (714)
CASH FLOWS FROM FINANCING ACTIVITIES    
Redemption of Long-term Debt (406) 0
Cash Dividends Paid on Common Stock 0 (250)
Short-Term Loan-Affiliated Company 0 (193)
Other (1) (1)
Net Cash Provided By (Used In) Financing Activities (407) (444)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (4) (8)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 21 22
Cash, Cash Equivalents and Restricted Cash at End of Period 17 14
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 3 (10)
Interest Paid, Net of Amounts Capitalized 65 50
Accrued Property, Plant and Equipment Expenditures $ 49 $ 167