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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income (loss) $ 3,028 $ 2,079 $ 3,869
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 5,780 5,971 5,427
Asset impairments 201 50 573
Gain on sales of assets and businesses (27) (56) (3)
Bargain purchase gain 0 0 (233)
Gain on deconsolidation of business 0 0 (213)
Deferred income taxes and amortization of investment tax credits 681 (108) (362)
Net fair value changes related to derivatives 222 294 151
Net realized and unrealized (gains) losses on NDT fund investments (663) 303 (616)
Other non-cash operating activities 613 1,131 728
Changes in assets and liabilities:      
Accounts receivable (243) (565) (470)
Inventories (87) (37) (72)
Accounts payable and accrued expenses (425) 551 (388)
Option premiums (paid) received, net (29) (43) 28
Collateral (posted) received, net (438) 82 (158)
Income taxes (64) 340 299
Pension and non-pension postretirement benefit contributions (408) (383) (405)
Other assets and liabilities (1,482) (965) (675)
Net cash flows provided by operating activities 6,659 8,644 7,480
Cash flows from investing activities      
Capital expenditures (7,248) (7,594) (7,584)
Proceeds from NDT fund sales 10,051 8,762 7,845
Investment in NDT funds (10,087) (8,997) (8,113)
Reduction of restricted cash from deconsolidation of business 0 0 (87)
Acquisitions of assets and businesses, net (41) (154) (208)
Proceeds from sales of assets and businesses 53 91 219
Other investing activities 12 58 (43)
Net cash flows used in investing activities (7,260) (7,834) (7,971)
Cash flows from financing activities      
Changes in short-term borrowings 781 (338) (261)
Proceeds from short-term borrowings with maturities greater than 90 days 0 126 621
Repayments on short-term borrowings with maturities greater than 90 days (125) (1) (700)
Issuance of long-term debt 1,951 3,115 3,470
Retirement of long-term debt (1,287) (1,786) (2,490)
Retirement of long-term debt to financing trust 0 0 (250)
Common stock issued from treasury stock 0 0 1,150
Dividends paid on common stock (1,408) (1,332) (1,236)
Proceeds from employee stock plans 112 105 150
Sale of noncontrolling interest 0 0 396
Other financing activities (82) (108) (83)
Net cash flows provided by (used in) financing activities (58) (219) 767
Increase (Decrease) in cash, cash equivalents and restricted cash (659) 591 276
Cash, cash equivalents, and restricted cash at beginning of period 1,781 1,190 914
Cash, cash equivalents, and restricted cash at end of period 1,122 1,781 1,190
Capital Expenditures Incurred but Not yet Paid (7) (69) 42
Increase (decrease) in PPE related to ARO update 968 (107) 29
Exelon Generation Co L L C [Member]      
Cash flows from operating activities      
Net income (loss) 1,217 443 2,798
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 3,063 3,415 3,056
Asset impairments 201 50 510
Gain on sales of assets and businesses (27) (48) (2)
Bargain purchase gain 0 0 (233)
Gain on deconsolidation of business 0 0 (213)
Deferred income taxes and amortization of investment tax credits 361 (451) (2,023)
Net fair value changes related to derivatives 228 307 167
Net realized and unrealized (gains) losses on NDT fund investments (663) 303 (616)
Other non-cash operating activities (124) 298 112
Changes in assets and liabilities:      
Accounts receivable (186) (359) (320)
Receivables from and payables to affiliates, net (52) 8 (7)
Inventories (47) (12) (29)
Accounts payable and accrued expenses (248) 376 4
Option premiums (paid) received, net (29) (43) 28
Collateral (posted) received, net (481) 64 (129)
Income taxes 302 (193) 496
Pension and non-pension postretirement benefit contributions (175) (139) (148)
Other assets and liabilities (467) (158) (152)
Net cash flows provided by operating activities 2,873 3,861 3,299
Cash flows from investing activities      
Capital expenditures (1,845) (2,242) (2,259)
Proceeds from NDT fund sales 10,051 8,762 7,845
Investment in NDT funds (10,087) (8,997) (8,113)
Reduction of restricted cash from deconsolidation of business 0 0 (87)
Acquisitions of assets and businesses, net (41) (154) (208)
Proceeds from sales of assets and businesses 52 90 218
Other investing activities 3 10 (58)
Net cash flows used in investing activities (1,867) (2,531) (2,662)
Cash flows from financing activities      
Changes in short-term borrowings 320 0 (620)
Proceeds from short-term borrowings with maturities greater than 90 days 0 0 121
Repayments on short-term borrowings with maturities greater than 90 days 0 0 (200)
Issuance of long-term debt 42 15 1,645
Retirement of long-term debt (813) (141) (1,261)
Changes in Exelon intercompany money pool (100) 46 (1)
Contributions from member 41 155 102
Distributions to member (899) (1,001) (659)
Sale of noncontrolling interest 0 0 396
Other financing activities (51) (55) (54)
Net cash flows provided by (used in) financing activities (1,460) (981) (531)
Increase (Decrease) in cash, cash equivalents and restricted cash (454) 349 106
Cash, cash equivalents, and restricted cash at beginning of period 903 554 448
Cash, cash equivalents, and restricted cash at end of period 449 903 554
Increase (decrease) in capital expenditures not paid (34) (199) 73
Increase (decrease) in PPE related to ARO update 959 (130) 29
Commonwealth Edison Co [Member]      
Cash flows from operating activities      
Net income (loss) 688 664 567
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 1,033 940 850
Deferred income taxes and amortization of investment tax credits 109 259 659
Other non-cash operating activities 265 242 164
Changes in assets and liabilities:      
Accounts receivable (34) (136) (59)
Receivables from and payables to affiliates, net (12) 26 8
Inventories (16) 1 4
Accounts payable and accrued expenses (51) 70 (297)
Collateral (posted) received, net 48 11 (26)
Income taxes 95 62 (308)
Pension and non-pension postretirement benefit contributions (77) (42) (41)
Other assets and liabilities (345) (348) 6
Net cash flows provided by operating activities 1,703 1,749 1,527
Cash flows from investing activities      
Capital expenditures (1,915) (2,126) (2,250)
Other investing activities 29 29 20
Net cash flows used in investing activities (1,886) (2,097) (2,230)
Cash flows from financing activities      
Changes in short-term borrowings 130 0 0
Issuance of long-term debt 700 1,350 1,000
Retirement of long-term debt (300) (840) (425)
Dividends paid on common stock (508) (459) (422)
Contributions from parent 250 500 651
Other financing activities (16) (17) (15)
Net cash flows provided by (used in) financing activities 256 534 789
Increase (Decrease) in cash, cash equivalents and restricted cash 73 186 86
Cash, cash equivalents, and restricted cash at beginning of period 330 144 58
Cash, cash equivalents, and restricted cash at end of period 403 330 144
Increase (decrease) in capital expenditures not paid (37) 11 (61)
Increase (decrease) in PPE related to ARO update 7 7 0
PECO Energy Co [Member]      
Cash flows from operating activities      
Net income (loss) 528 460 434
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 333 301 286
Gain on sales of assets and businesses (1) 0 0
Deferred income taxes and amortization of investment tax credits 20 (5) 19
Other non-cash operating activities 38 51 54
Changes in assets and liabilities:      
Accounts receivable (29) (74) (44)
Receivables from and payables to affiliates, net (5) 7 (6)
Inventories 4 (14) 1
Accounts payable and accrued expenses (11) (3) 6
Income taxes (34) 15 34
Pension and non-pension postretirement benefit contributions (28) (28) (24)
Other assets and liabilities (64) 29 (5)
Net cash flows provided by operating activities 751 739 755
Cash flows from investing activities      
Capital expenditures (939) (849) (732)
Changes in Exelon intercompany money pool (68) 0 131
Other investing activities (1) 9 4
Net cash flows used in investing activities (1,008) (840) (597)
Cash flows from financing activities      
Issuance of long-term debt 325 700 325
Retirement of long-term debt 0 (500) 0
Dividends paid on common stock (358) (306) (288)
Contributions from parent 188 89 16
Other financing activities (6) (22) (3)
Net cash flows provided by (used in) financing activities 149 (39) 50
Increase (Decrease) in cash, cash equivalents and restricted cash (108) (140) 208
Cash, cash equivalents, and restricted cash at beginning of period 135 275 67
Cash, cash equivalents, and restricted cash at end of period 27 135 275
Increase (decrease) in capital expenditures not paid 40 (12) 22
Baltimore Gas and Electric Company [Member]      
Cash flows from operating activities      
Net income (loss) 360 313 307
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 502 483 473
Asset impairments 0 0 7
Deferred income taxes and amortization of investment tax credits 130 76 145
Other non-cash operating activities 85 58 65
Changes in assets and liabilities:      
Accounts receivable 25 8 (5)
Receivables from and payables to affiliates, net 1 12 (4)
Inventories (1) 2 (9)
Accounts payable and accrued expenses (43) (1) (15)
Collateral (posted) received, net (4) 4 0
Income taxes (67) (20) 60
Pension and non-pension postretirement benefit contributions (48) (54) (53)
Other assets and liabilities (192) (92) (150)
Net cash flows provided by operating activities 748 789 821
Cash flows from investing activities      
Capital expenditures (1,145) (959) (882)
Other investing activities 8 9 7
Net cash flows used in investing activities (1,137) (950) (875)
Cash flows from financing activities      
Changes in short-term borrowings 40 (42) 32
Issuance of long-term debt 400 300 300
Retirement of long-term debt 0 0 (41)
Retirement of long-term debt to financing trust 0 0 (250)
Dividends paid on common stock (224) (209) (198)
Contributions from parent 193 109 184
Other financing activities (8) (2) (5)
Net cash flows provided by (used in) financing activities 401 156 22
Increase (Decrease) in cash, cash equivalents and restricted cash 12 (5) (32)
Cash, cash equivalents, and restricted cash at beginning of period 13 18 50
Cash, cash equivalents, and restricted cash at end of period 25 13 18
Increase (decrease) in capital expenditures not paid 6 50 23
Pepco Holdings LLC [Member]      
Cash flows from operating activities      
Net income (loss) 477 393 355
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 754 740 675
Asset impairments 0 0 52
Deferred income taxes and amortization of investment tax credits (7) 30 252
Other non-cash operating activities 161 150 65
Changes in assets and liabilities:      
Accounts receivable (39) (2) (26)
Receivables from and payables to affiliates, net 3 8 (2)
Inventories (27) (14) (37)
Accounts payable and accrued expenses (17) 45 (106)
Income taxes 16 34 79
Pension and non-pension postretirement benefit contributions (25) (74) (99)
Other assets and liabilities (179) (178) (258)
Net cash flows provided by operating activities 1,117 1,132 950
Cash flows from investing activities      
Capital expenditures (1,355) (1,375) (1,396)
Other investing activities (3) 4 (1)
Net cash flows used in investing activities (1,358) (1,371) (1,397)
Cash flows from financing activities      
Changes in short-term borrowings 154 (296) 328
Proceeds from short-term borrowings with maturities greater than 90 days 0 125 0
Repayments on short-term borrowings with maturities greater than 90 days (125) 0 (500)
Issuance of long-term debt 485 750 202
Retirement of long-term debt (157) (299) (169)
Changes in Exelon intercompany money pool 12 0 0
Contributions from member 398 385 758
Distributions to member (526) (326) (311)
Other financing activities (5) (9) (2)
Net cash flows provided by (used in) financing activities 236 330 306
Increase (Decrease) in cash, cash equivalents and restricted cash (5) 91 (141)
Cash, cash equivalents, and restricted cash at beginning of period 186 95 236
Cash, cash equivalents, and restricted cash at end of period 181 186 95
Increase (decrease) in capital expenditures not paid 2 93 (12)
Potomac Electric Power Company [Member]      
Cash flows from operating activities      
Net income (loss) 243 205 198
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 374 385 321
Asset impairments 0 0 14
Deferred income taxes and amortization of investment tax credits 1 (20) 113
Other non-cash operating activities 56 67 1
Changes in assets and liabilities:      
Accounts receivable (22) (5) (20)
Receivables from and payables to affiliates, net 5 (17) 0
Inventories (19) (6) (24)
Accounts payable and accrued expenses (39) 59 (63)
Income taxes 9 (13) 81
Pension and non-pension postretirement benefit contributions (14) (17) (72)
Other assets and liabilities (82) (164) (142)
Net cash flows provided by operating activities 512 474 407
Cash flows from investing activities      
Capital expenditures (626) (656) (628)
Other investing activities 3 2 0
Net cash flows used in investing activities (623) (654) (628)
Cash flows from financing activities      
Changes in short-term borrowings 42 14 3
Issuance of long-term debt 260 200 202
Retirement of long-term debt (125) (14) (13)
Dividends paid on common stock (213) (169) (133)
Contributions from parent 160 166 161
Other financing activities (3) (4) (1)
Net cash flows provided by (used in) financing activities 121 193 219
Increase (Decrease) in cash, cash equivalents and restricted cash 10 13 (2)
Cash, cash equivalents, and restricted cash at beginning of period 53 40 42
Cash, cash equivalents, and restricted cash at end of period 63 53 40
Increase (decrease) in capital expenditures not paid 39 20 5
Delmarva Power & Light Company [Member]      
Cash flows from operating activities      
Net income (loss) 147 120 121
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 184 182 167
Asset impairments 0 0 6
Deferred income taxes and amortization of investment tax credits (7) 24 89
Other non-cash operating activities 27 24 9
Changes in assets and liabilities:      
Accounts receivable (5) 8 (22)
Receivables from and payables to affiliates, net (5) (9) 11
Inventories (6) (3) (5)
Accounts payable and accrued expenses 3 11 (8)
Income taxes 12 2 26
Pension and non-pension postretirement benefit contributions (1) 0 (2)
Other assets and liabilities (55) (7) (71)
Net cash flows provided by operating activities 294 352 321
Cash flows from investing activities      
Capital expenditures (348) (364) (428)
Other investing activities 1 2 (1)
Net cash flows used in investing activities (347) (362) (429)
Cash flows from financing activities      
Changes in short-term borrowings 56 (216) 216
Issuance of long-term debt 75 200 0
Retirement of long-term debt (12) (4) (40)
Dividends paid on common stock (139) (96) (112)
Contributions from parent 63 150 0
Other financing activities (1) (2) 0
Net cash flows provided by (used in) financing activities 42 32 64
Increase (Decrease) in cash, cash equivalents and restricted cash (11) 22 (44)
Cash, cash equivalents, and restricted cash at beginning of period 24 2 46
Cash, cash equivalents, and restricted cash at end of period 13 24 2
Increase (decrease) in capital expenditures not paid (4) 22 4
Atlantic City Electric Company [Member]      
Cash flows from operating activities      
Net income (loss) 99 75 77
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 157 136 146
Asset impairments 0 0 7
Deferred income taxes and amortization of investment tax credits 3 25 32
Other non-cash operating activities 22 24 17
Changes in assets and liabilities:      
Accounts receivable (13) (8) 14
Receivables from and payables to affiliates, net (6) 1 0
Inventories (1) (4) (7)
Accounts payable and accrued expenses 26 (7) (2)
Income taxes 2 (2) (11)
Pension and non-pension postretirement benefit contributions (1) (6) (20)
Other assets and liabilities (27) (6) (47)
Net cash flows provided by operating activities 261 228 206
Cash flows from investing activities      
Capital expenditures (375) (335) (312)
Other investing activities (1) 1 (1)
Net cash flows used in investing activities (376) (334) (313)
Cash flows from financing activities      
Changes in short-term borrowings 56 (94) 108
Proceeds from short-term borrowings with maturities greater than 90 days 0 125 0
Repayments on short-term borrowings with maturities greater than 90 days (125) 0 0
Issuance of long-term debt 150 350 0
Retirement of long-term debt (18) (281) (35)
Dividends paid on common stock (124) (59) (68)
Contributions from parent 175 67 0
Other financing activities (1) (3) 0
Net cash flows provided by (used in) financing activities 113 105 5
Increase (Decrease) in cash, cash equivalents and restricted cash (2) (1) (102)
Cash, cash equivalents, and restricted cash at beginning of period 30 31 133
Cash, cash equivalents, and restricted cash at end of period 28 30 31
Increase (decrease) in capital expenditures not paid $ (29) $ 46 $ (13)