XML 46 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 1,911 $ 956
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 3,999 4,009
Impairment of long-lived assets and losses on regulatory assets 488 274
Gain on sales of assets (5) (41)
Bargain purchase gain (233) 0
Deferred income taxes and amortization of investment tax credits 439 623
Net fair value changes related to derivatives 149 100
Net realized and unrealized gains on nuclear decommissioning trust fund investments (429) (243)
Other non-cash operating activities 603 1,224
Changes in assets and liabilities:    
Accounts receivable 224 (296)
Inventories (87) 21
Accounts payable and accrued expenses (593) 296
Option premiums received (paid), net 35 (24)
Collateral (posted) received, net (100) 757
Income taxes 167 527
Pension and non-pension postretirement benefit contributions (344) (283)
Other assets and liabilities (547) (537)
Net cash flows provided by (used in) operating activities 5,677 7,363
Cash flows from investing activities    
Capital expenditures (5,556) (6,368)
Proceeds from nuclear decommissioning trust fund sales 6,848 7,914
Investment in nuclear decommissioning trust funds (7,044) (8,093)
Acquisition of businesses, net (208) (6,896)
Proceeds from termination of direct financing lease investment 0 360
Changes in restricted cash (67) (75)
Proceeds from sale of long-lived assets 219 49
Other investing activities (2) (110)
Net cash flows provided by (used in) investing activities (5,810) (13,219)
Cash flows from financing activities    
Changes in short-term borrowings (570) (1,014)
Proceeds from short-term borrowings with maturities greater than 90 days 621 195
Repayments on short-term borrowings with maturities greater than 90 days (610) (452)
Issuance of long-term debt 2,616 4,488
Retirement of long-term debt (1,728) (944)
Retirement of long-term debt to financing trust (250)  
Restricted proceeds from issuance of long-term debt 0 (30)
Redemption of preference stock 0 (190)
Dividends paid on common stock (921) (873)
Common stock issued from treasury stock 1,150 0
Proceeds from employee stock plans 61 36
Noncontrolling Interest, Increase from Sale of Parent Equity Interest 396  
Other financing activities (64) 35
Net cash flows provided by (used in) financing activities 701 1,251
Increase (Decrease) in cash and cash equivalents 568 (4,605)
Cash and cash equivalents at beginning of period 635 6,502
Cash and cash equivalents at end of period 1,203 1,897
Exelon Generation Co L L C [Member]    
Cash flows from operating activities    
Net income 491 556
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 2,231 2,516
Impairment of long-lived assets and losses on regulatory assets 485 209
Gain on sales of assets (3) (31)
Bargain purchase gain (233) 0
Deferred income taxes and amortization of investment tax credits (184) (133)
Net fair value changes related to derivatives 160 112
Net realized and unrealized gains on nuclear decommissioning trust fund investments (429) (243)
Other non-cash operating activities 132 129
Changes in assets and liabilities:    
Accounts receivable 106 26
Receivables from and payables to affiliates, net 27 (56)
Inventories (43) 18
Accounts payable and accrued expenses (257) 9
Option premiums received (paid), net 35 (24)
Collateral (posted) received, net (77) 759
Income taxes 154 202
Pension and non-pension postretirement benefit contributions (122) (122)
Other assets and liabilities (203) (204)
Net cash flows provided by (used in) operating activities 2,270 3,723
Cash flows from investing activities    
Capital expenditures (1,654) (2,651)
Proceeds from nuclear decommissioning trust fund sales 6,848 7,914
Investment in nuclear decommissioning trust funds (7,044) (8,093)
Acquisition of businesses, net (208) (255)
Changes in restricted cash (28) (39)
Proceeds from sale of long-lived assets 218 30
Other investing activities (35) (184)
Net cash flows provided by (used in) investing activities (1,903) (3,278)
Cash flows from financing activities    
Changes in short-term borrowings (620) 0
Proceeds from short-term borrowings with maturities greater than 90 days 121 195
Repayments on short-term borrowings with maturities greater than 90 days (110) (152)
Issuance of long-term debt 789 338
Retirement of long-term debt (541) (164)
Change in Exelon intercompany money pool 91 (785)
Distributions to member (494) (167)
Contributions from member 102 142
Noncontrolling Interest, Increase from Sale of Parent Equity Interest 396  
Other financing activities (31) 92
Net cash flows provided by (used in) financing activities (297) (501)
Increase (Decrease) in cash and cash equivalents 70 (56)
Cash and cash equivalents at beginning of period 290 431
Cash and cash equivalents at end of period 360 375
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income 447 297
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 631 574
Deferred income taxes and amortization of investment tax credits 455 398
Other non-cash operating activities 112 122
Changes in assets and liabilities:    
Accounts receivable 31 (55)
Receivables from and payables to affiliates, net 346 (9)
Inventories 6 4
Accounts payable and accrued expenses (706) 145
Collateral (posted) received, net (22) (2)
Income taxes (205) 206
Pension and non-pension postretirement benefit contributions (38) (35)
Other assets and liabilities 63 104
Net cash flows provided by (used in) operating activities 1,120 1,749
Cash flows from investing activities    
Capital expenditures (1,698) (1,950)
Changes in restricted cash (50) 0
Other investing activities 17 31
Net cash flows provided by (used in) investing activities (1,731) (1,919)
Cash flows from financing activities    
Changes in short-term borrowings 0 (284)
Issuance of long-term debt 1,000 1,200
Retirement of long-term debt (425) (665)
Dividends paid on common stock (316) (275)
Contributions from parent 567 188
Other financing activities (14) (17)
Net cash flows provided by (used in) financing activities 812 147
Increase (Decrease) in cash and cash equivalents 201 (23)
Cash and cash equivalents at beginning of period 56 67
Cash and cash equivalents at end of period 257 44
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income 327 346
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 213 201
Deferred income taxes and amortization of investment tax credits 37 69
Other non-cash operating activities 38 49
Changes in assets and liabilities:    
Accounts receivable 45 (50)
Receivables from and payables to affiliates, net (10) 9
Inventories (5) 5
Accounts payable and accrued expenses (41) (12)
Income taxes 51 43
Pension and non-pension postretirement benefit contributions (23) (29)
Other assets and liabilities (29) (49)
Net cash flows provided by (used in) operating activities 603 582
Cash flows from investing activities    
Capital expenditures (537) (448)
Changes in Exelon intercompany money pool 74 0
Other investing activities 6 10
Net cash flows provided by (used in) investing activities (457) (438)
Cash flows from financing activities    
Issuance of long-term debt 325 300
Restricted proceeds from issuance of long-term debt 0 (30)
Dividends paid on common stock (216) (208)
Contributions from parent 16 18
Other financing activities (4) (3)
Net cash flows provided by (used in) financing activities 121 77
Increase (Decrease) in cash and cash equivalents 267 221
Cash and cash equivalents at beginning of period 63 295
Cash and cash equivalents at end of period 330 516
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income 231 191
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 348 307
Impairment of long-lived assets and losses on regulatory assets 0 52
Deferred income taxes and amortization of investment tax credits 141 54
Other non-cash operating activities 52 109
Changes in assets and liabilities:    
Accounts receivable 95 (50)
Receivables from and payables to affiliates, net (13) (10)
Inventories (18) (7)
Accounts payable and accrued expenses (25) 43
Income taxes 12 19
Pension and non-pension postretirement benefit contributions (50) (46)
Other assets and liabilities (69) (2)
Net cash flows provided by (used in) operating activities 704 660
Cash flows from investing activities    
Capital expenditures (615) (611)
Changes in restricted cash 23 (22)
Other investing activities 6 19
Net cash flows provided by (used in) investing activities (586) (614)
Cash flows from financing activities    
Changes in short-term borrowings (45) (210)
Issuance of long-term debt 300 850
Retirement of long-term debt (41) (39)
Retirement of long-term debt to financing trust (250) 0
Redemption of preference stock 0 (190)
Dividends paid on preference stock 0 (8)
Dividends paid on common stock (148) (134)
Contributions from parent 77 28
Other financing activities (5) (11)
Net cash flows provided by (used in) financing activities (112) 286
Increase (Decrease) in cash and cash equivalents 6 332
Cash and cash equivalents at beginning of period 23 9
Cash and cash equivalents at end of period 29 341
Pepco Holdings LLC [Member] | Successor [Member]    
Cash flows from operating activities    
Net income 359  
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 511  
Deferred income taxes and amortization of investment tax credits 190  
Net fair value changes related to derivatives 0  
Other non-cash operating activities 66  
Changes in assets and liabilities:    
Accounts receivable (42)  
Receivables from and payables to affiliates, net (13)  
Inventories (29)  
Accounts payable and accrued expenses (49)  
Income taxes 82  
Pension and non-pension postretirement benefit contributions (74)  
Other assets and liabilities (204)  
Net cash flows provided by (used in) operating activities 797  
Cash flows from investing activities    
Capital expenditures (995)  
Purchases of investments 0  
Changes in restricted cash (1)  
Proceeds from sale of long-lived assets 1  
Other investing activities 4  
Net cash flows provided by (used in) investing activities (991)  
Cash flows from financing activities    
Changes in short-term borrowings 96  
Proceeds from short-term borrowings with maturities greater than 90 days 0  
Repayments on short-term borrowings with maturities greater than 90 days (500)  
Issuance of long-term debt 202  
Retirement of long-term debt (127)  
Common stock issued for the Direct Stock Purchase and Dividend Reinvestment Plan and employee-related compensation 0  
Change in Exelon intercompany money pool 1  
Distributions to member (267)  
Contributions from member 758  
Other financing activities (2)  
Net cash flows provided by (used in) financing activities 161  
Increase (Decrease) in cash and cash equivalents (33)  
Cash and cash equivalents at beginning of period 170  
Cash and cash equivalents at end of period 137 299
Pepco Holdings LLC [Member] | Predecessor [Member]    
Cash flows from financing activities    
Cash and cash equivalents at beginning of period   26
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income 188 20
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 242 221
Deferred income taxes and amortization of investment tax credits 90 96
Other non-cash operating activities 8 168
Changes in assets and liabilities:    
Accounts receivable (43) (105)
Receivables from and payables to affiliates, net (10) 44
Inventories (15) 3
Accounts payable and accrued expenses (24) 7
Income taxes 80 139
Pension and non-pension postretirement benefit contributions (69) (6)
Other assets and liabilities (99) (83)
Net cash flows provided by (used in) operating activities 348 504
Cash flows from investing activities    
Capital expenditures (439) (392)
Purchases of investments 0 (32)
Changes in restricted cash (1) (31)
Proceeds from sale of long-lived assets 1 12
Other investing activities 0 8
Net cash flows provided by (used in) investing activities (439) (435)
Cash flows from financing activities    
Changes in short-term borrowings (23) (64)
Issuance of long-term debt 202 2
Retirement of long-term debt (7) (5)
Dividends paid on common stock (133) (92)
Contributions from parent 161 187
Other financing activities (1) 0
Net cash flows provided by (used in) financing activities 199 28
Increase (Decrease) in cash and cash equivalents 108 97
Cash and cash equivalents at beginning of period 9 5
Cash and cash equivalents at end of period 117 102
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income 107 (16)
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 124 120
Deferred income taxes and amortization of investment tax credits 61 69
Other non-cash operating activities 6 99
Changes in assets and liabilities:    
Accounts receivable 7 8
Receivables from and payables to affiliates, net 0 12
Inventories (6) 0
Accounts payable and accrued expenses 0 (8)
Collateral (posted) received, net 0 1
Income taxes 33 52
Other assets and liabilities (40) (70)
Net cash flows provided by (used in) operating activities 292 267
Cash flows from investing activities    
Capital expenditures (294) (260)
Proceeds from sale of long-lived assets 0 4
Other investing activities 1 2
Net cash flows provided by (used in) investing activities (293) (254)
Cash flows from financing activities    
Changes in short-term borrowings 54 (88)
Retirement of long-term debt (14) 0
Dividends paid on common stock (82) (39)
Contributions from parent 0 113
Net cash flows provided by (used in) financing activities (42) (14)
Increase (Decrease) in cash and cash equivalents (43) (1)
Cash and cash equivalents at beginning of period 46 5
Cash and cash equivalents at end of period 3 4
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income 77 (50)
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 113 130
Deferred income taxes and amortization of investment tax credits 28 14
Other non-cash operating activities 21 138
Changes in assets and liabilities:    
Accounts receivable (7) (32)
Receivables from and payables to affiliates, net (5) 9
Inventories (7) (1)
Accounts payable and accrued expenses 9 10
Income taxes (9) 184
Other assets and liabilities (62) (87)
Net cash flows provided by (used in) operating activities 158 315
Cash flows from investing activities    
Capital expenditures (242) (227)
Changes in restricted cash 1 (4)
Proceeds from sale of long-lived assets 0 2
Other investing activities 0 2
Net cash flows provided by (used in) investing activities (241) (227)
Cash flows from financing activities    
Changes in short-term borrowings 65 (5)
Retirement of long-term debt (25) (35)
Dividends paid on common stock (53) (24)
Contributions from parent 0 139
Other financing activities 0 (1)
Net cash flows provided by (used in) financing activities (13) 74
Increase (Decrease) in cash and cash equivalents (96) 162
Cash and cash equivalents at beginning of period 101 3
Cash and cash equivalents at end of period $ 5 $ 165