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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income (loss) $ 1,954 $ 3,028 $ 2,079
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 6,527 5,780 5,971
Asset impairments 591 201 50
Gain on sales of assets and businesses (24) (27) (56)
Deferred income taxes and amortization of investment tax credits 309 681 (108)
Net fair value changes related to derivatives (268) 222 294
Net realized and unrealized (gains) losses on NDT fund investments (461) (663) 303
Unrealized Gain (Loss) on Investments (186) 0 0
Other non-cash operating activities 592 613 1,131
Changes in assets and liabilities:      
Accounts receivable 697 (243) (565)
Inventories (85) (87) (37)
Accounts payable and accrued expenses (129) (425) 551
Option premiums (paid) received, net (139) (29) (43)
Collateral received (posted), net 494 (438) 82
Income taxes 140 (64) 340
Pension and non-pension postretirement benefit contributions (601) (408) (383)
Other assets and liabilities (5,176) (1,482) (965)
Net cash flows provided by operating activities 4,235 6,659 8,644
Cash flows from investing activities      
Capital expenditures (8,048) (7,248) (7,594)
Proceeds from NDT fund sales 3,341 10,051 8,762
Investment in NDT funds (3,464) (10,087) (8,997)
Collection of deferred purchase price 3,771 0 0
Acquisitions of assets and businesses, net 0 (41) (154)
Proceeds from sales of assets and businesses 46 53 91
Other investing activities 18 12 58
Net cash flows used in investing activities (4,336) (7,260) (7,834)
Cash flows from financing activities      
Changes in short-term borrowings 161 781 (338)
Proceeds from short-term borrowings with maturities greater than 90 days 500 0 126
Repayments on short-term borrowings with maturities greater than 90 days 0 (125) (1)
Issuance of long-term debt 7,507 1,951 3,115
Retirement of long-term debt (6,440) (1,287) (1,786)
Dividends paid on common stock (1,492) (1,408) (1,332)
Proceeds from employee stock plans 45 112 105
Other financing activities (136) (82) (108)
Net cash flows provided by (used in) financing activities 145 (58) (219)
Increase (Decrease) in cash, restricted cash, and cash equivalents 44 (659) 591
Cash, restricted cash, and cash equivalents at beginning of period 1,122 1,781 1,190
Cash, restricted cash, and cash equivalents at end of period 1,166 1,122 1,781
Capital Expenditures Incurred but Not yet Paid 194 (7) (69)
Increase in Deferred Purchase Price 4,441 0 0
Increase (decrease) in PPE related to ARO update 850 968 (107)
Exelon Generation Co L L C [Member]      
Cash flows from operating activities      
Net income (loss) 579 1,217 443
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 3,636 3,063 3,415
Asset impairments 563 201 50
Gain on sales of assets and businesses (11) (27) (48)
Deferred income taxes and amortization of investment tax credits 78 361 (451)
Net fair value changes related to derivatives (270) 228 307
Net realized and unrealized (gains) losses on NDT fund investments (461) (663) 303
Unrealized Gain (Loss) on Investments (186) 0 0
Other non-cash operating activities 18 (124) 298
Changes in assets and liabilities:      
Accounts receivable 1,125 (186) (359)
Receivables from and payables to affiliates, net 24 (52) 8
Inventories (77) (47) (12)
Accounts payable and accrued expenses (343) (248) 376
Option premiums (paid) received, net (139) (29) (43)
Collateral received (posted), net 479 (481) 64
Income taxes 186 302 (193)
Pension and non-pension postretirement benefit contributions (255) (175) (139)
Other assets and liabilities (4,362) (467) (158)
Net cash flows provided by operating activities 584 2,873 3,861
Cash flows from investing activities      
Capital expenditures (1,747) (1,845) (2,242)
Proceeds from NDT fund sales 3,341 10,051 8,762
Investment in NDT funds (3,464) (10,087) (8,997)
Collection of deferred purchase price 3,771 0 0
Acquisitions of assets and businesses, net 0 (41) (154)
Proceeds from sales of assets and businesses 46 52 90
Other investing activities 11 3 10
Net cash flows used in investing activities 1,958 (1,867) (2,531)
Cash flows from financing activities      
Changes in short-term borrowings 20 320 0
Proceeds from short-term borrowings with maturities greater than 90 days 500 0 0
Issuance of long-term debt 3,155 42 15
Retirement of long-term debt (4,334) (813) (141)
Repayment of long term debt to affiliate (550) 0 0
Distributions to member (1,734) (899) (1,001)
Contributions from member 64 41 155
Changes in Exelon/PHI intercompany money pool 285 (100) 46
Other financing activities (70) (51) (55)
Net cash flows provided by (used in) financing activities (2,664) (1,460) (981)
Increase (Decrease) in cash, restricted cash, and cash equivalents (122) (454) 349
Cash, restricted cash, and cash equivalents at beginning of period 449 903 554
Cash, restricted cash, and cash equivalents at end of period 327 449 903
Increase (decrease) in capital expenditures not paid (88) (34) (199)
Increase in Deferred Purchase Price 4,441 0 0
Increase (decrease) in PPE related to ARO update 850 959 (130)
Commonwealth Edison Co [Member]      
Cash flows from operating activities      
Net income (loss) 438 688 664
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 1,133 1,033 940
Deferred income taxes and amortization of investment tax credits 228 109 259
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities 202 265 242
Changes in assets and liabilities:      
Accounts receivable (10) (34) (136)
Receivables from and payables to affiliates, net (1) (12) 26
Inventories (13) (16) 1
Accounts payable and accrued expenses 63 (51) 70
Collateral received (posted), net 14 48 11
Income taxes 8 95 62
Pension and non-pension postretirement benefit contributions (148) (77) (42)
Other assets and liabilities (590) (345) (348)
Net cash flows provided by operating activities 1,324 1,703 1,749
Cash flows from investing activities      
Capital expenditures (2,217) (1,915) (2,126)
Other investing activities 2 29 29
Net cash flows used in investing activities (2,215) (1,886) (2,097)
Cash flows from financing activities      
Changes in short-term borrowings 193 130 0
Issuance of long-term debt 1,000 700 1,350
Retirement of long-term debt (500) (300) (840)
Dividends paid on common stock (499) (508) (459)
Contributions from parent 712 250 500
Other financing activities (13) (16) (17)
Net cash flows provided by (used in) financing activities 893 256 534
Increase (Decrease) in cash, restricted cash, and cash equivalents 2 73 186
Cash, restricted cash, and cash equivalents at beginning of period 403 330 144
Cash, restricted cash, and cash equivalents at end of period 405 403 330
Increase (decrease) in capital expenditures not paid 109 (37) 11
PECO Energy Co [Member]      
Cash flows from operating activities      
Net income (loss) 447 528 460
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 347 333 301
Gain on sales of assets and businesses 0 (1) 0
Deferred income taxes and amortization of investment tax credits (23) 20 (5)
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities 24 38 51
Changes in assets and liabilities:      
Accounts receivable (88) (29) (74)
Receivables from and payables to affiliates, net (6) (5) 7
Inventories (1) 4 (14)
Accounts payable and accrued expenses 63 (11) (3)
Income taxes 31 (34) 15
Pension and non-pension postretirement benefit contributions (18) (28) (28)
Other assets and liabilities 1 (64) 29
Net cash flows provided by operating activities 777 751 739
Cash flows from investing activities      
Capital expenditures (1,147) (939) (849)
Changes in Exelon/PHI intercompany money pool 68 (68) 0
Other investing activities 7 (1) 9
Net cash flows used in investing activities (1,072) (1,008) (840)
Cash flows from financing activities      
Issuance of long-term debt 350 325 700
Retirement of long-term debt 0 0 (500)
Dividends paid on common stock (340) (358) (306)
Contributions from parent 248 188 89
Changes in Exelon/PHI intercompany money pool 40 0 0
Other financing activities (4) (6) (22)
Net cash flows provided by (used in) financing activities 294 149 (39)
Increase (Decrease) in cash, restricted cash, and cash equivalents (1) (108) (140)
Cash, restricted cash, and cash equivalents at beginning of period 27 135 275
Cash, restricted cash, and cash equivalents at end of period 26 27 135
Increase (decrease) in capital expenditures not paid 55 40 (12)
Baltimore Gas and Electric Company [Member]      
Cash flows from operating activities      
Net income (loss) 349 360 313
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 550 502 483
Deferred income taxes and amortization of investment tax credits 37 130 76
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities 97 85 58
Changes in assets and liabilities:      
Accounts receivable (165) 25 8
Receivables from and payables to affiliates, net (8) 1 12
Inventories 10 (1) 2
Accounts payable and accrued expenses 102 (43) (1)
Collateral received (posted), net 0 (4) 4
Income taxes 60 (67) (20)
Pension and non-pension postretirement benefit contributions (78) (48) (54)
Other assets and liabilities (70) (192) (92)
Net cash flows provided by operating activities 884 748 789
Cash flows from investing activities      
Capital expenditures (1,247) (1,145) (959)
Other investing activities 2 8 9
Net cash flows used in investing activities (1,245) (1,137) (950)
Cash flows from financing activities      
Changes in short-term borrowings (76) 40 (42)
Issuance of long-term debt 400 400 300
Dividends paid on common stock (246) (224) (209)
Contributions from parent 411 193 109
Other financing activities (8) (8) (2)
Net cash flows provided by (used in) financing activities 481 401 156
Increase (Decrease) in cash, restricted cash, and cash equivalents 120 12 (5)
Cash, restricted cash, and cash equivalents at beginning of period 25 13 18
Cash, restricted cash, and cash equivalents at end of period 145 25 13
Increase (decrease) in capital expenditures not paid 53 6 50
Pepco Holdings LLC [Member]      
Cash flows from operating activities      
Net income (loss) 495 477 393
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 782 754 740
Deferred income taxes and amortization of investment tax credits (97) (7) 30
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities 103 161 150
Changes in assets and liabilities:      
Accounts receivable (159) (39) (2)
Receivables from and payables to affiliates, net 3 3 8
Inventories (6) (27) (14)
Accounts payable and accrued expenses 49 (17) 45
Income taxes (25) 16 34
Pension and non-pension postretirement benefit contributions (39) (25) (74)
Other assets and liabilities (104) (179) (178)
Net cash flows provided by operating activities 1,002 1,117 1,132
Cash flows from investing activities      
Capital expenditures (1,604) (1,355) (1,375)
Other investing activities 7 (3) 4
Net cash flows used in investing activities (1,597) (1,358) (1,371)
Cash flows from financing activities      
Changes in short-term borrowings 160 154 (296)
Proceeds from short-term borrowings with maturities greater than 90 days 0 0 125
Repayments on short-term borrowings with maturities greater than 90 days 0 (125) 0
Issuance of long-term debt 602 485 750
Retirement of long-term debt (128) (157) (299)
Distributions to member (553) (526) (326)
Contributions from member 494 398 385
Changes in Exelon/PHI intercompany money pool 9 12 0
Other financing activities (10) (5) (9)
Net cash flows provided by (used in) financing activities 574 236 330
Increase (Decrease) in cash, restricted cash, and cash equivalents (21) (5) 91
Cash, restricted cash, and cash equivalents at beginning of period 181 186 95
Cash, restricted cash, and cash equivalents at end of period 160 181 186
Increase (decrease) in capital expenditures not paid 54 2 93
Potomac Electric Power Company [Member]      
Cash flows from operating activities      
Net income (loss) 266 243 205
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 377 374 385
Deferred income taxes and amortization of investment tax credits (46) 1 (20)
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities (23) 56 67
Changes in assets and liabilities:      
Accounts receivable (67) (22) (5)
Receivables from and payables to affiliates, net (12) 5 (17)
Inventories 1 (19) (6)
Accounts payable and accrued expenses 41 (39) 59
Income taxes (1) 9 (13)
Pension and non-pension postretirement benefit contributions (11) (14) (17)
Other assets and liabilities (24) (82) (164)
Net cash flows provided by operating activities 501 512 474
Cash flows from investing activities      
Capital expenditures (773) (626) (656)
Other investing activities 0 3 2
Net cash flows used in investing activities (773) (623) (654)
Cash flows from financing activities      
Changes in short-term borrowings (47) 42 14
Issuance of long-term debt 300 260 200
Retirement of long-term debt (3) (125) (14)
Dividends paid on common stock (232) (213) (169)
Contributions from parent 262 160 166
Other financing activities (6) (3) (4)
Net cash flows provided by (used in) financing activities 274 121 193
Increase (Decrease) in cash, restricted cash, and cash equivalents 2 10 13
Cash, restricted cash, and cash equivalents at beginning of period 63 53 40
Cash, restricted cash, and cash equivalents at end of period 65 63 53
Increase (decrease) in capital expenditures not paid 1 39 20
Delmarva Power & Light Company [Member]      
Cash flows from operating activities      
Net income (loss) 125 147 120
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 191 184 182
Deferred income taxes and amortization of investment tax credits (13) (7) 24
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities 51 27 24
Changes in assets and liabilities:      
Accounts receivable (34) (5) 8
Receivables from and payables to affiliates, net 8 (5) (9)
Inventories (5) (6) (3)
Accounts payable and accrued expenses 4 3 11
Income taxes (25) 12 2
Pension and non-pension postretirement benefit contributions 0 (1) 0
Other assets and liabilities (30) (55) (7)
Net cash flows provided by operating activities 272 294 352
Cash flows from investing activities      
Capital expenditures (424) (348) (364)
Other investing activities (3) 1 2
Net cash flows used in investing activities (427) (347) (362)
Cash flows from financing activities      
Changes in short-term borrowings 90 56 (216)
Issuance of long-term debt 178 75 200
Retirement of long-term debt (80) (12) (4)
Dividends paid on common stock (141) (139) (96)
Contributions from parent 112 63 150
Other financing activities (2) (1) (2)
Net cash flows provided by (used in) financing activities 157 42 32
Increase (Decrease) in cash, restricted cash, and cash equivalents 2 (11) 22
Cash, restricted cash, and cash equivalents at beginning of period 13 24 2
Cash, restricted cash, and cash equivalents at end of period 15 13 24
Increase (decrease) in capital expenditures not paid 20 (4) 22
Atlantic City Electric Company [Member]      
Cash flows from operating activities      
Net income (loss) 112 99 75
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 180 157 136
Deferred income taxes and amortization of investment tax credits (37) 3 25
Unrealized Gain (Loss) on Investments 0    
Other non-cash operating activities 36 22 24
Changes in assets and liabilities:      
Accounts receivable (55) (13) (8)
Receivables from and payables to affiliates, net 6 (6) 1
Inventories (3) (1) (4)
Accounts payable and accrued expenses 5 26 (7)
Income taxes (1) 2 (2)
Pension and non-pension postretirement benefit contributions (2) (1) (6)
Other assets and liabilities (42) (27) (6)
Net cash flows provided by operating activities 199 261 228
Cash flows from investing activities      
Capital expenditures (401) (375) (335)
Other investing activities 6 (1) 1
Net cash flows used in investing activities (395) (376) (334)
Cash flows from financing activities      
Changes in short-term borrowings 117 56 (94)
Proceeds from short-term borrowings with maturities greater than 90 days 0 0 125
Repayments on short-term borrowings with maturities greater than 90 days 0 (125) 0
Issuance of long-term debt 123 150 350
Retirement of long-term debt (44) (18) (281)
Dividends paid on common stock (114) (124) (59)
Contributions from parent 117 175 67
Other financing activities (1) (1) (3)
Net cash flows provided by (used in) financing activities 198 113 105
Increase (Decrease) in cash, restricted cash, and cash equivalents 2 (2) (1)
Cash, restricted cash, and cash equivalents at beginning of period 28 30 31
Cash, restricted cash, and cash equivalents at end of period 30 28 30
Increase (decrease) in capital expenditures not paid $ 33 $ (29) $ 46