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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] $ 1,878 $ 129
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 561 552
Amortization of Nuclear Fuel 94 93
(Gains) Losses on Asset Dispositions and Impairments 0 38
Emission Allowances and Renewable Energy Credit Compliance Accrual 5 40
Provision for Deferred Income Taxes and ITC 377 (379)
Non-Cash Employee Benefit Plan (Credits) Costs 19 (120)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives (1,066) 951
Payments for Removal Costs (82) (63)
Net Change in Regulatory Assets and Liabilities (189) (188)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (132) 222
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 71 1
Accrued Taxes (3) (98)
Margin Deposit 1,095 (1,244)
Prepayments (270) (199)
Obligation to Return Cash Collateral (198) 552
Other Current Assets and Liabilities 283 130
Employee Benefit Plan Funding and Related Payments (21) (16)
Other 13 45
Net Cash Provided By (Used In) Operating Activities 2,409 356
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,444) (1,291)
Proceeds from Sale of Trust Investments 721 862
Purchases of Trust Investments (742) (876)
Proceeds from Equity Method Investment, Distribution, Return of Capital 290 0
Proceeds from Sales of Long-Lived Assets and Lease Investments 20 1,890
Other 36 (54)
Net Cash Provided By (Used In) Investing Activities (1,119) 531
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans 247 (956)
Proceeds from Short-Term Loan 750 2,000
Repayments of Short-term Debt (2,000) (1,250)
Proceeds from Issuance of Other Long-term Debt 900 1,750
Repayments of Long-term Debt 500 0
Payments for Share Repurchase Program 0 (500)
Cash Dividends Paid on Common Stock (569) (541)
Other (32) (7)
Net Cash Provided By (Used In) Financing Activities (1,204) 496
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 86 1,383
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 511 863
Cash, Cash Equivalents and Restricted Cash at End of Period 597 2,246
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 63 325
Interest Paid, Net of Amounts Capitalized 347 276
Accrued Property, Plant and Equipment Expenditures 413 381
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 823 814
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 484 468
Provision for Deferred Income Taxes and ITC 65 80
Non-Cash Employee Benefit Plan (Credits) Costs 7 (90)
Payments for Removal Costs (82) (63)
Net Change in Regulatory Assets and Liabilities (189) (188)
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 229 11
Fuel, Materials and Supplies (97) (27)
Prepayments (228) (201)
Obligation to Return Cash Collateral (198) 552
Accounts Payable (67) 71
Accounts Receivable/Payable-Affiliated Companies, net (189) (133)
Other Current Assets and Liabilities 40 52
Employee Benefit Plan Funding and Related Payments (11) (8)
Other 44 26
Net Cash Provided By (Used In) Operating Activities 543 1,312
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,336) (1,171)
Proceeds from Sale of Trust Investments 3 9
Purchases of Trust Investments (2) (8)
Solar Loan Investments 11 13
Other 1 3
Net Cash Provided By (Used In) Investing Activities (1,323) (1,154)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans 298 0
Proceeds from Issuance of Other Long-term Debt 900 500
Repayments of Long-term Debt 500 0
Other (8) (5)
Net Cash Provided By (Used In) Financing Activities 690 495
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (90) 653
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 266 339
Cash, Cash Equivalents and Restricted Cash at End of Period 176 992
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 65 104
Interest Paid, Net of Amounts Capitalized 218 200
Accrued Property, Plant and Equipment Expenditures $ 390 $ 349
[1] Includes net after-tax gains (losses) of $212 million and $(74) million for the three months and $767 million and $(682) million for the six months ended June 30, 2023 and 2022, 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.