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CONSOLIDATED STATEMENTS OF CASH FLOWS (Constellation Energy Group, Inc. and Subsidiaries) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net income (loss)$ 285.4$ (1,099.9)
Adjustments to reconcile to net cash provided by (used in) operating activities  
Depreciation, depletion, accretion, and amortization449.6380.6
Amortization of energy contracts and derivatives designated as hedges316.7198.9
All other amortization28.023.4
Deferred income taxes140.8(989.0)
Investment tax credit adjustments(3.2)(3.4)
Deferred fuel costs20.069.2
Deferred storm costs(15.5) 
Defined benefit obligation expense62.151.2
Defined benefit obligation payments(30.9)(61.0)
Impairment losses and other costs 2,468.4
Gain on divestitures(23.0)(43.5)
Equity in earnings of affiliates less than dividends received5.030.3
Derivative contracts classified as financing activities(7.4)128.9
Changes in:  
Accounts receivable, excluding margin(98.5)(75.2)
Derivative assets and liabilities, excluding collateral450.3251.4
Net collateral and margin(28.5)(201.5)
Materials, supplies, and fuel stocks10.839.8
Other current assets80.5(64.8)
Accounts payable(207.7)(21.1)
Liability for unrecognized tax benefits(42.9)(31.1)
Accrued taxes and other current liabilities2.1(1,110.7)
Other(40.5)38.5
Net cash provided by (used in) operating activities1,353.2(20.6)
Cash Flows From Investing Activities  
Investments in property, plant and equipment(851.4)(752.2)
Asset and business acquisitions, net of cash acquired(1,443.2)(372.9)
Proceeds from U.S. Department of Energy grant40.642.7
Proceeds from sales of investments and other assets6.693.8
Proceeds from investment tax credits and grants related to renewable energy investments58.940.0
Payment for issuance of loans receivable(30.0) 
Contract and portfolio acquisitions(3.7)(208.8)
Decrease (increase) in restricted funds30.9(79.0)
Other(4.5)(31.1)
Net cash used in investing activities(2,195.8)(1,267.5)
Cash Flows From Financing Activities  
Net issuance (repayment) of short-term borrowings128.1(9.0)
Proceeds from issuance of common stock15.711.4
Proceeds from issuance of long-term debt235.1 
Repayment of long-term debt(253.2)(632.1)
Debt and credit facility costs(3.2)(0.7)
Common stock dividends paid(136.3)(138.8)
BGE preference stock dividends paid(9.9)(9.9)
Proceeds from contract and portfolio acquisitions1.052.5
Derivative contracts classified as financing activities7.4(128.9)
Other0.4(1.2)
Net cash used in financing activities(14.9)(856.7)
Net Decrease in Cash and Cash Equivalents(857.5)(2,144.8)
Cash and Cash Equivalents at Beginning of Period2,028.53,440.0
Cash and Cash Equivalents at End of Period$ 1,171.0$ 1,295.2