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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 471 $ 899
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 663 639
Amortization of Nuclear Fuel 94 93
(Gains) Losses on Asset Dispositions and Impairments 457 0
Emission Allowances and Renewable Energy Credit Compliance Accrual 82 65
Provision for Deferred Income Taxes and ITC (205) 104
Non-Cash Employee Benefit Plan (Credits) Costs (89) (52)
Leveraged Lease (Income), (Gains) and Losses, Adjusted for Rents Received and Deferred Taxes 6 9
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 331 (1)
Cost of Removal (60) (44)
Net Change in Regulatory Assets and Liabilities (24) (70)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (158) 5
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 56 16
Accrued Taxes 30 115
Margin Deposit (289) 32
Prepayments (200) (158)
Other Current Assets and Liabilities (121) 98
Employee Benefit Plan Funding and Related Payments (8) (6)
Other 13 (80)
Net Cash Provided By (Used In) Operating Activities 1,049 1,664
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,303) (1,414)
Purchase of Emissions Allowances and RECs (34) (50)
Proceeds from Sale of Available-for-Sale Securities 1,229 1,163
Investments in Available-for-Sale Securities (1,223) (1,184)
Proceeds from Sales of Long-Lived Assets and Lease Investments 565 0
Other (27) 52
Net Cash Provided By (Used In) Investing Activities (793) (1,433)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (563) (750)
Proceeds from Short-Term Loan 1,250 800
Repayments of Short-term Debt (300) 0
Proceeds from Issuance of Other Long-term Debt 900 975
Redemption of Long-term Debt (1,384) (406)
Cash Dividends Paid on Common Stock (516) (495)
Other (71) (64)
Net Cash Provided By (Used In) Financing Activities (684) 60
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (428) 291
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 572 176
Cash, Cash Equivalents and Restricted Cash at End of Period 144 467
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 143 41
Interest Paid, Net of Amounts Capitalized 279 288
Accrued Property, Plant and Equipment Expenditures 309 331
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 786 723
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 472 439
Provision for Deferred Income Taxes and ITC 63 74
Non-Cash Employee Benefit Plan (Credits) Costs (78) (51)
Cost of Removal (60) (44)
Net Change in Regulatory Assets and Liabilities (24) (70)
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 35 69
Fuel, Materials and Supplies (10) 1
Prepayments (190) (155)
Accounts Payable (62) 39
Accounts Receivable/Payable-Affiliated Companies, net (138) (5)
Other Current Assets and Liabilities (65) 40
Employee Benefit Plan Funding and Related Payments (1) 0
Other (48) (61)
Net Cash Provided By (Used In) Operating Activities 680 999
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,219) (1,190)
Proceeds from Sale of Available-for-Sale Securities 21 23
Investments in Available-for-Sale Securities (15) (22)
Solar Loan Investments 12 0
Other 7 7
Net Cash Provided By (Used In) Investing Activities (1,194) (1,182)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (100) (362)
Proceeds from Issuance of Other Long-term Debt 900 975
Redemption of Long-term Debt (434) 0
Cash Dividends Paid on Common Stock 0 (175)
Other (8) (11)
Net Cash Provided By (Used In) Financing Activities 358 427
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (156) 244
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 233 50
Cash, Cash Equivalents and Restricted Cash at End of Period 77 294
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 150 51
Interest Paid, Net of Amounts Capitalized 190 179
Accrued Property, Plant and Equipment Expenditures 240 282
PSEG Power [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (322) 183
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 175 185
Amortization of Nuclear Fuel 94 93
(Gains) Losses on Asset Dispositions and Impairments 457 0
Emission Allowances and Renewable Energy Credit Compliance Accrual 82 65
Provision for Deferred Income Taxes and ITC (328) 7
Non-Cash Employee Benefit Plan (Credits) Costs (10) (3)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 331 (1)
Interest Accretion on Asset Retirement Obligations 22 21
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (158) 5
Net Change in Certain Current Assets and Liabilities:    
Fuel, Materials and Supplies 68 70
Margin Deposit (289) 32
Accounts Receivable (10) (14)
Accounts Payable (39) (92)
Accounts Receivable/Payable-Affiliated Companies, net 300 131
Other Current Assets and Liabilities (11) 4
Employee Benefit Plan Funding and Related Payments (4) (3)
Other (4) (57)
Net Cash Provided By (Used In) Operating Activities 354 626
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (82) (218)
Purchase of Emissions Allowances and RECs (34) (50)
Proceeds from Sale of Available-for-Sale Securities 1,156 1,077
Investments in Available-for-Sale Securities (1,163) (1,100)
Proceeds from Sales of Long-Lived Assets and Lease Investments 565 0
Short-Term Loan-Affiliated Company (161) (45)
Other 22 23
Net Cash Provided By (Used In) Investing Activities 625 (223)
CASH FLOWS FROM FINANCING ACTIVITIES    
Redemption of Long-term Debt (950) (406)
Short-Term Loan-Affiliated Company 121 0
Cash Dividends Paid on Common Stock (175) 0
Other 0 (1)
Net Cash Provided By (Used In) Financing Activities (1,004) (407)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (25) (4)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 27 21
Cash, Cash Equivalents and Restricted Cash at End of Period 2 17
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 21 3
Interest Paid, Net of Amounts Capitalized 52 65
Accrued Property, Plant and Equipment Expenditures $ 69 $ 49