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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] $ 1,474 $ 1,256
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 956 928
Amortization of Nuclear Fuel 144 137
(Gain) Loss on Disposition of Assets (122) 402
Emission Allowances and Renewable Energy Credit Compliance Accrual 115 80
Provision for Deferred Income Taxes and ITC 40 139
Non-Cash Employee Benefit Plan (Credits) Costs (79) (26)
Leveraged Lease (Income), (Gains) and Losses, Adjusted for Rents Received and Deferred Taxes (155) 24
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 81 (201)
Cost of Removal (77) (87)
Net Change in Regulatory Assets and Liabilities 4 54
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (107) (195)
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 68 77
Accrued Taxes 228 (11)
Margin Deposit (12) 301
Other Current Assets and Liabilities 19 (155)
Employee Benefit Plan Funding and Related Payments (12) (33)
Other (48) 19
Net Cash Provided By (Used In) Operating Activities 2,517 2,709
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (2,092) (2,383)
Purchase of Emissions Allowances and RECs (94) (73)
Proceeds from Sale of Available-for-Sale Securities 1,796 1,374
Investments in Available-for-Sale Securities (1,817) (1,402)
Proceeds from Sales of Long-Lived Assets and Lease Investments 300 70
Other 52 55
Net Cash Provided By (Used In) Investing Activities (1,855) (2,359)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (1,115) (670)
Proceeds from Short-Term Loan 800 0
Repayments of Short-term Debt (500) 0
Proceeds from Issuance of Other Long-term Debt 2,450 1,900
Redemption of Long-term Debt (656) (850)
Cash Dividends Paid on Common Stock (743) (713)
Other (75) (60)
Net Cash Provided By (Used In) Financing Activities 161 (393)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 823 (43)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 176 199
Cash, Cash Equivalents and Restricted Cash at End of Period 999 156
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 176 31
Interest Paid, Net of Amounts Capitalized 384 345
Accrued Property, Plant and Equipment Expenditures 449 514
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 1,036 974
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 657 620
Provision for Deferred Income Taxes and ITC 58 10
Non-Cash Employee Benefit Plan (Credits) Costs (77) (39)
Cost of Removal (77) (87)
Net Change in Regulatory Assets and Liabilities 4 54
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 8 105
Fuel, Materials and Supplies 0 (16)
Prepayments (57) (97)
Accounts Payable 46 (77)
Accounts Receivable/Payable-Affiliated Companies, net (88) 8
Other Current Assets and Liabilities (9) 66
Employee Benefit Plan Funding and Related Payments (1) (19)
Other (76) (21)
Net Cash Provided By (Used In) Operating Activities 1,424 1,481
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,777) (1,866)
Proceeds from Sale of Available-for-Sale Securities 32 27
Investments in Available-for-Sale Securities (32) (25)
Solar Loan Investments 5 2
Other 9 7
Net Cash Provided By (Used In) Investing Activities (1,763) (1,855)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (362) (262)
Proceeds from Issuance of Other Long-term Debt 1,350 1,150
Redemption of Long-term Debt (250) (500)
Cash Dividends Paid on Common Stock (175) 0
Other (17) (14)
Net Cash Provided By (Used In) Financing Activities 546 374
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 207 0
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 50 61
Cash, Cash Equivalents and Restricted Cash at End of Period 257 61
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 143 (82)
Interest Paid, Net of Amounts Capitalized 261 240
Accrued Property, Plant and Equipment Expenditures 366 348
PSEG Power [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 437 309
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 276 282
Amortization of Nuclear Fuel 144 137
(Gain) Loss on Disposition of Assets (122) 402
Emission Allowances and Renewable Energy Credit Compliance Accrual 115 80
Provision for Deferred Income Taxes and ITC (1) 157
Non-Cash Employee Benefit Plan (Credits) Costs (4) 7
Interest Accretion on Asset Retirement Obligations 31 30
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 81 (201)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (107) (195)
Net Change in Certain Current Assets and Liabilities:    
Fuel, Materials and Supplies (30) (29)
Margin Deposit (12) 301
Accounts Receivable 43 48
Accounts Payable (51) (62)
Accounts Receivable/Payable-Affiliated Companies, net 242 80
Other Current Assets and Liabilities 9 20
Employee Benefit Plan Funding and Related Payments (6) (9)
Other (45) 5
Net Cash Provided By (Used In) Operating Activities 1,000 1,362
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (307) (507)
Purchase of Emissions Allowances and RECs (94) (73)
Proceeds from Sale of Available-for-Sale Securities 1,673 1,277
Investments in Available-for-Sale Securities (1,695) (1,306)
Proceeds from Sales of Long-Lived Assets and Lease Investments 151 70
Short-Term Loan-Affiliated Company 184 86
Other 32 40
Net Cash Provided By (Used In) Investing Activities (424) (585)
CASH FLOWS FROM FINANCING ACTIVITIES    
Redemption of Long-term Debt (406) 0
Cash Dividends Paid on Common Stock (175) (525)
Short-Term Loan-Affiliated Company 0 (193)
Other (1) (1)
Net Cash Provided By (Used In) Financing Activities (582) (719)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (6) 58
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 21 22
Cash, Cash Equivalents and Restricted Cash at End of Period 15 80
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 83 (37)
Interest Paid, Net of Amounts Capitalized 71 60
Accrued Property, Plant and Equipment Expenditures $ 83 $ 166
[1] Includes an after-tax gain of $86 million in the three months and nine months ended September 30, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility and an after-tax loss of $286 million in the nine months ended September 30, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Item 1. Note 4. Early Plant Retirements/Asset Dispositions for additional information.