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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 376 $ 966
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 1,378 1,460
Asset impairments 8 7
Deferred income taxes and amortization of investment tax credits (245) 187
Net fair value changes related to derivatives (132) 31
Net realized and unrealized gains on NDT funds 651 (308)
Other non-cash operating activities 273 127
Changes in assets and liabilities:    
Accounts receivable 800 79
Inventories 81 128
Accounts payable and accrued expenses (976) (764)
Option premiums (paid) received, net (38) 6
Collateral (posted) received, net (21) (101)
Income taxes (56) 141
Pension and non-pension postretirement benefit contributions (531) (328)
Other assets and liabilities (488) (587)
Net cash flows provided by operating activities 1,080 1,044
Cash flows from investing activities    
Capital expenditures (2,016) (1,873)
Proceeds from NDT fund sales 1,183 3,713
Investment in NDT funds (1,234) (3,666)
Proceeds from sales of assets and businesses 0 8
Other investing activities (8) 32
Net cash flows used in investing activities (2,075) (1,786)
Cash flows from financing activities    
Changes in short-term borrowings 109 540
Proceeds from short-term borrowings with maturities greater than 90 days 500 0
Issuance of long-term debt 2,652 402
Retirement of long-term debt (1,032) (352)
Dividends paid on common stock (373) (352)
Proceeds from employee stock plans 30 51
Other financing activities (21) (14)
Net cash flows provided by (used in) financing activities 1,865 275
Increase (Decrease) in cash, cash equivalents and restricted cash 870 (467)
Cash, cash equivalents and restricted cash at beginning of period 1,122 1,781
Cash, cash equivalents and restricted cash at end of period 1,992 1,314
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (180) (229)
Increase in PPE related to ARO update 0 301
Exelon Generation Co L L C [Member]    
Cash flows from operating activities    
Net income (loss) (161) 422
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 661 789
Asset impairments 8 7
Deferred income taxes and amortization of investment tax credits (329) 108
Net fair value changes related to derivatives (127) 33
Net realized and unrealized gains on NDT funds 651 (308)
Other non-cash operating activities 205 (90)
Changes in assets and liabilities:    
Accounts receivable 787 197
Receivables from and payables to affiliates, net 34 (5)
Inventories 39 103
Accounts payable and accrued expenses (614) (411)
Option premiums (paid) received, net (38) 6
Collateral (posted) received, net (22) (87)
Income taxes (58) 146
Pension and non-pension postretirement benefit contributions (232) (141)
Other assets and liabilities (184) (187)
Net cash flows provided by operating activities 620 582
Cash flows from investing activities    
Capital expenditures (558) (511)
Proceeds from NDT fund sales 1,183 3,713
Investment in NDT funds (1,234) (3,666)
Proceeds from sales of assets and businesses 0 8
Changes in Exelon/PHI intercompany money pool (254) 0
Other investing activities (8) 23
Net cash flows used in investing activities (871) (433)
Cash flows from financing activities    
Changes in short-term borrowings 275 0
Proceeds from short-term borrowings with maturities greater than 90 days 500 0
Issuance of long-term debt 1,502 2
Retirement of long-term debt (1,028) (47)
Changes in Exelon/PHI intercompany money pool 0 (100)
Distributions to member (468) (225)
Other financing activities (8) (6)
Net cash flows provided by (used in) financing activities 773 (376)
Increase (Decrease) in cash, cash equivalents and restricted cash 522 (227)
Cash, cash equivalents and restricted cash at beginning of period 449 903
Cash, cash equivalents and restricted cash at end of period 971 676
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (56) (93)
Increase in PPE related to ARO update 0 301
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income (loss) 168 157
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 273 251
Deferred income taxes and amortization of investment tax credits 42 34
Other non-cash operating activities 16 56
Changes in assets and liabilities:    
Accounts receivable 9 14
Receivables from and payables to affiliates, net (6) (34)
Inventories (2) (3)
Accounts payable and accrued expenses (147) (188)
Collateral (posted) received, net 3 (13)
Income taxes (7) 5
Pension and non-pension postretirement benefit contributions (143) (67)
Other assets and liabilities (132) (121)
Net cash flows provided by operating activities 74 91
Cash flows from investing activities    
Capital expenditures (506) (503)
Other investing activities 5 11
Net cash flows used in investing activities (501) (492)
Cash flows from financing activities    
Changes in short-term borrowings (130) 322
Issuance of long-term debt 1,000 400
Retirement of long-term debt 0 (300)
Dividends paid on common stock (125) (127)
Contributions from parent 125 63
Other financing activities (13) (9)
Net cash flows provided by (used in) financing activities 857 349
Increase (Decrease) in cash, cash equivalents and restricted cash 430 (52)
Cash, cash equivalents and restricted cash at beginning of period 403 330
Cash, cash equivalents and restricted cash at end of period 833 278
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (5) (80)
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income (loss) 140 168
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 86 81
Deferred income taxes and amortization of investment tax credits 2 5
Other non-cash operating activities 22 16
Changes in assets and liabilities:    
Accounts receivable 14 (86)
Receivables from and payables to affiliates, net (3) 7
Inventories 15 23
Accounts payable and accrued expenses (45) (13)
Income taxes 14 20
Pension and non-pension postretirement benefit contributions (16) (25)
Other assets and liabilities (84) (119)
Net cash flows provided by operating activities 145 77
Cash flows from investing activities    
Capital expenditures (259) (222)
Changes in Exelon/PHI intercompany money pool (22) 0
Other investing activities 1 2
Net cash flows used in investing activities (280) (220)
Cash flows from financing activities    
Dividends paid on common stock (85) (90)
Contributions from parent 231 145
Net cash flows provided by (used in) financing activities 146 55
Increase (Decrease) in cash, cash equivalents and restricted cash 11 (88)
Cash, cash equivalents and restricted cash at beginning of period 27 135
Cash, cash equivalents and restricted cash at end of period 38 47
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (11) 8
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 181 160
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 143 136
Deferred income taxes and amortization of investment tax credits 33 28
Other non-cash operating activities (8) 27
Changes in assets and liabilities:    
Accounts receivable (28) (39)
Receivables from and payables to affiliates, net (13) (10)
Inventories 20 17
Accounts payable and accrued expenses (9) (27)
Collateral (posted) received, net 0 (1)
Income taxes 7 8
Pension and non-pension postretirement benefit contributions (64) (40)
Other assets and liabilities 10 (14)
Net cash flows provided by operating activities 272 245
Cash flows from investing activities    
Capital expenditures (283) (258)
Other investing activities (6) 1
Net cash flows used in investing activities (289) (257)
Cash flows from financing activities    
Changes in short-term borrowings 66 71
Dividends paid on common stock (62) (56)
Net cash flows provided by (used in) financing activities 4 15
Increase (Decrease) in cash, cash equivalents and restricted cash (13) 3
Cash, cash equivalents and restricted cash at beginning of period 25 13
Cash, cash equivalents and restricted cash at end of period 12 16
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (35) 2
Pepco Holdings LLC [Member]    
Cash flows from operating activities    
Net income (loss) 108 117
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 194 180
Deferred income taxes and amortization of investment tax credits (4) 0
Other non-cash operating activities 7 35
Changes in assets and liabilities:    
Accounts receivable 36 (11)
Receivables from and payables to affiliates, net (17) (8)
Inventories 8 (12)
Accounts payable and accrued expenses (16) (9)
Income taxes 15 4
Pension and non-pension postretirement benefit contributions (27) (6)
Other assets and liabilities (72) (61)
Net cash flows provided by operating activities 232 229
Cash flows from investing activities    
Capital expenditures (376) (358)
Other investing activities 1 1
Net cash flows used in investing activities (375) (357)
Cash flows from financing activities    
Changes in short-term borrowings (100) 147
Issuance of long-term debt 150 0
Retirement of long-term debt (6) (5)
Changes in Exelon/PHI intercompany money pool 7 0
Distributions to member (134) (128)
Contributions from member 144 19
Other financing activities (1) 0
Net cash flows provided by (used in) financing activities 60 33
Increase (Decrease) in cash, cash equivalents and restricted cash (83) (95)
Cash, cash equivalents and restricted cash at beginning of period 181 186
Cash, cash equivalents and restricted cash at end of period 98 91
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (57) (55)
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income (loss) 52 55
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 95 94
Deferred income taxes and amortization of investment tax credits (2) (2)
Other non-cash operating activities (11) 3
Changes in assets and liabilities:    
Accounts receivable 14 (19)
Receivables from and payables to affiliates, net (11) 3
Inventories 3 (14)
Accounts payable and accrued expenses 6 (2)
Income taxes 6 4
Pension and non-pension postretirement benefit contributions (4) (4)
Other assets and liabilities (38) (37)
Net cash flows provided by operating activities 110 81
Cash flows from investing activities    
Capital expenditures (180) (144)
Changes in Exelon/PHI intercompany money pool (114) 0
Other investing activities (4) 1
Net cash flows used in investing activities (298) (143)
Cash flows from financing activities    
Changes in short-term borrowings (82) 65
Issuance of long-term debt 150 0
Dividends paid on common stock (28) (24)
Contributions from parent 137 14
Other financing activities (1) 0
Net cash flows provided by (used in) financing activities 176 55
Increase (Decrease) in cash, cash equivalents and restricted cash (12) (7)
Cash, cash equivalents and restricted cash at beginning of period 63 53
Cash, cash equivalents and restricted cash at end of period 51 46
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (43) (15)
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income (loss) 45 53
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 48 46
Deferred income taxes and amortization of investment tax credits 0 1
Other non-cash operating activities 2 11
Changes in assets and liabilities:    
Accounts receivable 14 (5)
Receivables from and payables to affiliates, net (9) (15)
Inventories 3 1
Accounts payable and accrued expenses 4 11
Income taxes 7 5
Other assets and liabilities (10) (10)
Net cash flows provided by operating activities 104 98
Cash flows from investing activities    
Capital expenditures (95) (78)
Other investing activities (4) 0
Net cash flows used in investing activities (99) (78)
Cash flows from financing activities    
Changes in short-term borrowings (2) 5
Changes in Exelon/PHI intercompany money pool 37 0
Dividends paid on common stock (52) (41)
Contributions from parent 6 0
Net cash flows provided by (used in) financing activities (11) (36)
Increase (Decrease) in cash, cash equivalents and restricted cash (6) (16)
Cash, cash equivalents and restricted cash at beginning of period 13 24
Cash, cash equivalents and restricted cash at end of period 7 8
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (9) (17)
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 13 10
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 43 31
Deferred income taxes and amortization of investment tax credits (1) 0
Other non-cash operating activities 4 5
Changes in assets and liabilities:    
Accounts receivable 11 13
Receivables from and payables to affiliates, net 3 (4)
Inventories 2 1
Accounts payable and accrued expenses 3 12
Income taxes 2 (1)
Pension and non-pension postretirement benefit contributions (2) 0
Other assets and liabilities (22) (7)
Net cash flows provided by operating activities 56 60
Cash flows from investing activities    
Capital expenditures (101) (128)
Other investing activities 6 0
Net cash flows used in investing activities (95) (128)
Cash flows from financing activities    
Changes in short-term borrowings (16) 77
Retirement of long-term debt (5) (4)
Changes in Exelon/PHI intercompany money pool 77 0
Dividends paid on common stock (23) (12)
Contributions from parent 1 5
Net cash flows provided by (used in) financing activities 34 66
Increase (Decrease) in cash, cash equivalents and restricted cash (5) (2)
Cash, cash equivalents and restricted cash at beginning of period 28 30
Cash, cash equivalents and restricted cash at end of period 23 28
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid $ (4) $ (24)