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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income (loss) $ 211 $ 950
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 4,180 2,741
Asset impairments 500 33
Gain on sales of assets and businesses (83) (13)
Deferred income taxes and amortization of investment tax credits (163) 33
Net fair value changes related to derivatives (490) (194)
Net realized and unrealized (gains) losses on NDT funds (376) 196
Unrealized loss on equity investments (96) 0
Other non-cash operating activities (331) 671
Changes in assets and liabilities:    
Accounts receivable (16) 1,318
Inventories 1 (14)
Accounts payable and accrued expenses (87) (798)
Option premiums received (paid), net 2 (102)
Collateral received (posted), net 957 340
Income taxes 190 (114)
Pension and non-pension postretirement benefit contributions (559) (558)
Other assets and liabilities (2,702) (1,809)
Net cash flows provided by operating activities 1,138 2,680
Cash flows from investing activities    
Capital expenditures (4,040) (3,773)
Proceeds from NDT fund sales 4,438 2,488
Investment in NDT funds (4,538) (2,540)
Collection of deferred purchase price 2,209 1,102
Proceeds from sales of assets and businesses 724 0
Other investing activities 17 4
Net cash flows provided by (used in) investing activities (1,190) (2,719)
Cash flows from financing activities    
Changes in short-term borrowings (666) (751)
Proceeds from short-term borrowings with maturities greater than 90 days 500 500
Issuance of long-term debt 2,455 6,526
Retirement of long-term debt (630) (3,894)
Dividends paid on common stock (747) (746)
Proceeds from employee stock plans 47 46
Other financing activities (64) (84)
Net cash flows provided by (used in) financing activities 895 1,597
Increase (decrease) in cash, restricted cash, and cash equivalents 843 1,558
Cash, restricted cash, and cash equivalents at beginning of period 1,166 1,122
Cash, restricted cash, and cash equivalents at end of period 2,009 2,680
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (313) (105)
Increase in deferred purchase price 1,958 1,754
Exelon Generation Co L L C [Member]    
Cash flows from operating activities    
Net income (loss) (756) 368
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 2,686 1,320
Asset impairments 493 18
Gain on sales of assets and businesses (79) (12)
Deferred income taxes and amortization of investment tax credits (142) (54)
Net fair value changes related to derivatives (490) (193)
Net realized and unrealized (gains) losses on NDT funds (376) 196
Unrealized loss on equity investments (96) 0
Other non-cash operating activities (421) 136
Changes in assets and liabilities:    
Accounts receivable (90) 1,443
Receivables from and payables to affiliates, net 43 68
Inventories 4 (34)
Accounts payable and accrued expenses 154 (666)
Option premiums received (paid), net 2 (102)
Collateral received (posted), net 955 342
Income taxes (1) 26
Pension and non-pension postretirement benefit contributions (212) (243)
Other assets and liabilities (2,031) (1,332)
Net cash flows provided by operating activities (357) 1,281
Cash flows from investing activities    
Capital expenditures (719) (930)
Proceeds from NDT fund sales 4,438 2,488
Investment in NDT funds (4,538) (2,540)
Collection of deferred purchase price 2,209 1,102
Proceeds from sales of assets and businesses 724 0
Other investing activities (8) 6
Net cash flows provided by (used in) investing activities 2,106 126
Cash flows from financing activities    
Changes in short-term borrowings (340) (220)
Proceeds from short-term borrowings with maturities greater than 90 days 0 500
Issuance of long-term debt 151 2,403
Retirement of long-term debt (56) (2,936)
Changes in Exelon/PHI intercompany money pool (285) 0
Distributions to member (916) (937)
Other financing activities (29) (30)
Net cash flows provided by (used in) financing activities (1,475) (1,220)
Increase (decrease) in cash, restricted cash, and cash equivalents 274 187
Cash, restricted cash, and cash equivalents at beginning of period 327 449
Cash, restricted cash, and cash equivalents at end of period 601 636
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (66) (108)
Increase in deferred purchase price 1,958 1,754
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income (loss) 390 107
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 589 547
Asset impairments 0 15
Deferred income taxes and amortization of investment tax credits 143 129
Other non-cash operating activities 23 283
Changes in assets and liabilities:    
Accounts receivable (48) (92)
Receivables from and payables to affiliates, net 5 (6)
Inventories (2) (7)
Accounts payable and accrued expenses (45) 4
Collateral received (posted), net 2 (3)
Income taxes (34) (90)
Pension and non-pension postretirement benefit contributions (173) (144)
Other assets and liabilities (292) (245)
Net cash flows provided by operating activities 558 498
Cash flows from investing activities    
Capital expenditures (1,162) (1,029)
Other investing activities 12 (4)
Net cash flows provided by (used in) investing activities (1,150) (1,033)
Cash flows from financing activities    
Changes in short-term borrowings (290) (130)
Issuance of long-term debt 700 1,000
Dividends paid on common stock (253) (249)
Contributions from parent 395 249
Other financing activities (11) (14)
Net cash flows provided by (used in) financing activities 541 856
Increase (decrease) in cash, restricted cash, and cash equivalents (51) 321
Cash, restricted cash, and cash equivalents at beginning of period 405 403
Cash, restricted cash, and cash equivalents at end of period 354 724
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (93) 18
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income (loss) 271 178
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 173 173
Deferred income taxes and amortization of investment tax credits 21 6
Other non-cash operating activities (5) 25
Changes in assets and liabilities:    
Accounts receivable 86 22
Receivables from and payables to affiliates, net 2 3
Inventories 3 10
Accounts payable and accrued expenses (46) 27
Income taxes 24 15
Pension and non-pension postretirement benefit contributions (15) (18)
Other assets and liabilities (140) (48)
Net cash flows provided by operating activities 374 393
Cash flows from investing activities    
Capital expenditures (577) (512)
Changes in Exelon/PHI intercompany money pool 0 68
Other investing activities 4 3
Net cash flows provided by (used in) investing activities (573) (441)
Cash flows from financing activities    
Issuance of long-term debt 375 350
Changes in Exelon/PHI intercompany money pool (40) 0
Dividends paid on common stock (169) (170)
Contributions from parent 395 231
Other financing activities (4) (3)
Net cash flows provided by (used in) financing activities 557 408
Increase (decrease) in cash, restricted cash, and cash equivalents 358 360
Cash, restricted cash, and cash equivalents at beginning of period 26 27
Cash, restricted cash, and cash equivalents at end of period 384 387
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (16) 42
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 254 219
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 293 272
Deferred income taxes and amortization of investment tax credits 11 22
Other non-cash operating activities 28 50
Changes in assets and liabilities:    
Accounts receivable 73 19
Receivables from and payables to affiliates, net (19) (26)
Inventories (9) 10
Accounts payable and accrued expenses (51) (15)
Collateral received (posted), net 2 0
Income taxes (27) 26
Pension and non-pension postretirement benefit contributions (71) (68)
Other assets and liabilities (96) (5)
Net cash flows provided by operating activities 388 504
Cash flows from investing activities    
Capital expenditures (620) (548)
Other investing activities 10 (4)
Net cash flows provided by (used in) investing activities (610) (552)
Cash flows from financing activities    
Changes in short-term borrowings 0 (76)
Issuance of long-term debt 600 400
Dividends paid on common stock (146) (123)
Contributions from parent 0 26
Other financing activities (6) (8)
Net cash flows provided by (used in) financing activities 448 219
Increase (decrease) in cash, restricted cash, and cash equivalents 226 171
Cash, restricted cash, and cash equivalents at beginning of period 145 25
Cash, restricted cash, and cash equivalents at end of period 371 196
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (71) (14)
Pepco Holdings LLC [Member]    
Cash flows from operating activities    
Net income (loss) 269 202
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 404 385
Deferred income taxes and amortization of investment tax credits 10 (74)
Other non-cash operating activities (50) 107
Changes in assets and liabilities:    
Accounts receivable (30) (64)
Receivables from and payables to affiliates, net (22) (22)
Inventories 3 6
Accounts payable and accrued expenses (35) 14
Income taxes (1) (30)
Pension and non-pension postretirement benefit contributions (40) (31)
Other assets and liabilities (131) (146)
Net cash flows provided by operating activities 377 347
Cash flows from investing activities    
Capital expenditures (889) (686)
Other investing activities (2) 2
Net cash flows provided by (used in) investing activities (891) (684)
Cash flows from financing activities    
Changes in short-term borrowings (36) (189)
Issuance of long-term debt 625 373
Retirement of long-term debt (249) (35)
Changes in Exelon/PHI intercompany money pool (12) 10
Distributions to member (414) (268)
Contributions from member 560 359
Other financing activities (8) (8)
Net cash flows provided by (used in) financing activities 466 242
Increase (decrease) in cash, restricted cash, and cash equivalents (48) (95)
Cash, restricted cash, and cash equivalents at beginning of period 160 181
Cash, restricted cash, and cash equivalents at end of period 112 86
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (41) (24)
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income (loss) 134 109
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 199 186
Deferred income taxes and amortization of investment tax credits 10 (22)
Other non-cash operating activities (43) 11
Changes in assets and liabilities:    
Accounts receivable (23) (45)
Receivables from and payables to affiliates, net (11) (22)
Inventories 1 3
Accounts payable and accrued expenses (26) 11
Income taxes (20) (18)
Pension and non-pension postretirement benefit contributions (7) (6)
Other assets and liabilities (79) (52)
Net cash flows provided by operating activities 135 155
Cash flows from investing activities    
Capital expenditures (439) (324)
Other investing activities (2) (3)
Net cash flows provided by (used in) investing activities (441) (327)
Cash flows from financing activities    
Changes in short-term borrowings 119 (68)
Issuance of long-term debt 150 150
Retirement of long-term debt 0 (1)
Changes in Exelon/PHI intercompany money pool 9 50
Dividends paid on common stock (123) (101)
Contributions from parent 138 137
Other financing activities (2) (6)
Net cash flows provided by (used in) financing activities 291 161
Increase (decrease) in cash, restricted cash, and cash equivalents (15) (11)
Cash, restricted cash, and cash equivalents at beginning of period 65 63
Cash, restricted cash, and cash equivalents at end of period 50 52
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (15) (28)
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income (loss) 86 64
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 104 94
Deferred income taxes and amortization of investment tax credits 4 (19)
Other non-cash operating activities (12) 40
Changes in assets and liabilities:    
Accounts receivable 24 6
Receivables from and payables to affiliates, net (12) (2)
Accounts payable and accrued expenses 7 3
Income taxes 14 (12)
Other assets and liabilities (22) (21)
Net cash flows provided by operating activities 193 153
Cash flows from investing activities    
Capital expenditures (211) (184)
Changes in Exelon/PHI intercompany money pool (9) (55)
Other investing activities 1 (3)
Net cash flows provided by (used in) investing activities (219) (242)
Cash flows from financing activities    
Changes in short-term borrowings (146) (56)
Issuance of long-term debt 125 100
Retirement of long-term debt 0 (1)
Dividends paid on common stock (63) (66)
Contributions from parent 120 106
Other financing activities (3) (1)
Net cash flows provided by (used in) financing activities 33 82
Increase (decrease) in cash, restricted cash, and cash equivalents 7 (7)
Cash, restricted cash, and cash equivalents at beginning of period 15 13
Cash, restricted cash, and cash equivalents at end of period 22 6
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid (14) (4)
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 51 31
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 87 86
Deferred income taxes and amortization of investment tax credits (2) (30)
Other non-cash operating activities (14) 34
Changes in assets and liabilities:    
Accounts receivable (30) (23)
Receivables from and payables to affiliates, net 4 9
Inventories 2 2
Accounts payable and accrued expenses (2) 17
Income taxes 2 2
Pension and non-pension postretirement benefit contributions (3) (2)
Other assets and liabilities (25) (68)
Net cash flows provided by operating activities 70 58
Cash flows from investing activities    
Capital expenditures (239) (178)
Other investing activities 0 5
Net cash flows provided by (used in) investing activities (239) (173)
Cash flows from financing activities    
Changes in short-term borrowings (9) (65)
Issuance of long-term debt 350 123
Retirement of long-term debt (249) (34)
Changes in Exelon/PHI intercompany money pool 0 5
Dividends paid on common stock (229) (35)
Contributions from parent 303 116
Other financing activities (4) (1)
Net cash flows provided by (used in) financing activities 162 109
Increase (decrease) in cash, restricted cash, and cash equivalents (7) (6)
Cash, restricted cash, and cash equivalents at beginning of period 30 28
Cash, restricted cash, and cash equivalents at end of period 23 22
Supplemental Cash Flow Information    
Increase (decrease) in capital expenditures not paid $ (13) $ 7