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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 1,829 $ 1,954 $ 3,028
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 7,573 6,527 5,780
Asset impairments 552 591 201
Gain on sales of assets and businesses (201) (24) (27)
Deferred income taxes and amortization of investment tax credits 18 309 681
Net fair value changes related to derivatives (568) (268) 222
Net realized and unrealized gains on NDT fund investments (586) (461) (663)
Net unrealized losses (gains) on equity investments 160 (186) 0
Other non-cash operating activities (200) 592 613
Changes in assets and liabilities:      
Accounts receivable (703) 697 (243)
Inventories (141) (85) (87)
Accounts payable and accrued expenses 440 (129) (425)
Option premiums paid, net (338) (139) (29)
Collateral received (posted), net (74) 494 (438)
Income taxes 327 140 (64)
Pension and non-pension postretirement benefit contributions (665) (601) (408)
Other assets and liabilities (4,411) (5,176) (1,482)
Net cash flows provided by operating activities 3,012 4,235 6,659
Cash flows from investing activities      
Capital expenditures (7,981) (8,048) (7,248)
Proceeds from NDT fund sales 6,532 3,341 10,051
Investment in NDT funds (6,673) (3,464) (10,087)
Collection of deferred purchase price 3,902 3,771 0
Acquisitions of assets and businesses, net 0 0 (41)
Proceeds from sales of assets and businesses 877 46 53
Other investing activities 26 18 12
Net cash flows used in investing activities (3,317) (4,336) (7,260)
Cash flows from financing activities      
Changes in short-term borrowings 269 161 781
Proceeds from short-term borrowings with maturities greater than 90 days 1,380 500 0
Repayments on short-term borrowings with maturities greater than 90 days (350) 0 (125)
Issuance of long-term debt 3,481 7,507 1,951
Retirement of long-term debt (1,640) (6,440) (1,287)
Dividends paid on common stock (1,497) (1,492) (1,408)
Acquisition of CENG noncontrolling interest (885) 0 0
Proceeds from employee stock plans 80 45 112
Other financing activities (80) (136) (82)
Net cash flows provided by (used in) financing activities 758 145 (58)
Increase (decrease) in cash, restricted cash, and cash equivalents 453 44 (659)
Cash, restricted cash, and cash equivalents at beginning of period 1,166 1,122 1,781
Cash, restricted cash, and cash equivalents at end of period 1,619 1,166 1,122
Increase (decrease) in capital expenditures not paid 16 194 (7)
Increase in Deferred Purchase Price 3,652 4,441 0
Increase (decrease) in PPE related to ARO update 642 850 968
Commonwealth Edison Co [Member]      
Cash flows from operating activities      
Net income (loss) 742 438 688
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 1,205 1,133 1,033
Deferred income taxes and amortization of investment tax credits 244 228 109
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities 126 202 265
Changes in assets and liabilities:      
Accounts receivable (25) (10) (34)
Receivables from and payables to affiliates, net 32 (1) (12)
Inventories (2) (13) (16)
Accounts payable and accrued expenses 0 63 (51)
Collateral received (posted), net 0 14 48
Income taxes 0 8 95
Pension and non-pension postretirement benefit contributions (196) (148) (77)
Other assets and liabilities (531) (590) (345)
Net cash flows provided by operating activities 1,595 1,324 1,703
Cash flows from investing activities      
Capital expenditures (2,387) (2,217) (1,915)
Other investing activities 26 2 29
Net cash flows used in investing activities (2,361) (2,215) (1,886)
Cash flows from financing activities      
Changes in short-term borrowings (323) 193 130
Issuance of long-term debt 1,150 1,000 700
Retirement of long-term debt (350) (500) (300)
Dividends paid on common stock (507) (499) (508)
Contributions from parent 791 712 250
Other financing activities (16) (13) (16)
Net cash flows provided by (used in) financing activities 745 893 256
Increase (decrease) in cash, restricted cash, and cash equivalents (21) 2 73
Cash, restricted cash, and cash equivalents at beginning of period 405 403 330
Cash, restricted cash, and cash equivalents at end of period 384 405 403
Increase (decrease) in capital expenditures not paid (46) 109 (37)
PECO Energy Co [Member]      
Cash flows from operating activities      
Net income (loss) 504 447 528
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 348 347 333
Deferred income taxes and amortization of investment tax credits 11 (23) 20
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities 0 24 38
Changes in assets and liabilities:      
Accounts receivable (35) (88) (29)
Receivables from and payables to affiliates, net 21 (6) (5)
Inventories (26) (1) 4
Accounts payable and accrued expenses 15 63 (11)
Income taxes 5 31 (34)
Pension and non-pension postretirement benefit contributions (18) (18) (28)
Other assets and liabilities (52) 1 (65)
Net cash flows provided by operating activities 773 777 751
Cash flows from investing activities      
Capital expenditures (1,240) (1,147) (939)
Changes in Exelon/PHI intercompany money pool 0 68 (68)
Other investing activities 9 7 (1)
Net cash flows used in investing activities (1,231) (1,072) (1,008)
Cash flows from financing activities      
Issuance of long-term debt 750 350 325
Retirement of long-term debt (300) 0 0
Changes in Exelon/PHI intercompany money pool (40) 40 0
Dividends paid on common stock (339) (340) (358)
Contributions from parent 414 248 188
Other financing activities (9) (4) (6)
Net cash flows provided by (used in) financing activities 476 294 149
Increase (decrease) in cash, restricted cash, and cash equivalents 18 (1) (108)
Cash, restricted cash, and cash equivalents at beginning of period 26 27 135
Cash, restricted cash, and cash equivalents at end of period 44 26 27
Increase (decrease) in capital expenditures not paid 26 55 40
Baltimore Gas and Electric Company [Member]      
Cash flows from operating activities      
Net income (loss) 408 349 360
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 591 550 502
Deferred income taxes and amortization of investment tax credits (17) 37 130
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities 75 97 85
Changes in assets and liabilities:      
Accounts receivable 30 (165) 25
Receivables from and payables to affiliates, net (13) (8) 1
Inventories (29) 10 (1)
Accounts payable and accrued expenses 14 102 (43)
Income taxes 20 60 (67)
Pension and non-pension postretirement benefit contributions (81) (78) (48)
Other assets and liabilities (269) (70) (196)
Net cash flows provided by operating activities 729 884 748
Cash flows from investing activities      
Capital expenditures (1,226) (1,247) (1,145)
Other investing activities 18 2 8
Net cash flows used in investing activities (1,208) (1,245) (1,137)
Cash flows from financing activities      
Changes in short-term borrowings 130 (76) 40
Issuance of long-term debt 600 400 400
Retirement of long-term debt (300) 0 0
Dividends paid on common stock (292) (246) (224)
Contributions from parent 257 411 193
Other financing activities (6) (8) (8)
Net cash flows provided by (used in) financing activities 389 481 401
Increase (decrease) in cash, restricted cash, and cash equivalents (90) 120 12
Cash, restricted cash, and cash equivalents at beginning of period 145 25 13
Cash, restricted cash, and cash equivalents at end of period 55 145 25
Increase (decrease) in capital expenditures not paid (59) 53 6
Pepco Holdings LLC [Member]      
Cash flows from operating activities      
Net income (loss) 561 495 477
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 821 782 754
Deferred income taxes and amortization of investment tax credits 24 (97) (7)
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities (12) 103 161
Changes in assets and liabilities:      
Accounts receivable (48) (159) (39)
Receivables from and payables to affiliates, net 6 3 3
Inventories (16) (6) (27)
Accounts payable and accrued expenses 34 49 (17)
Income taxes 17 (25) 16
Pension and non-pension postretirement benefit contributions (48) (39) (25)
Other assets and liabilities (182) (104) (179)
Net cash flows provided by operating activities 1,157 1,002 1,117
Cash flows from investing activities      
Capital expenditures (1,720) (1,604) (1,355)
Other investing activities 2 7 (3)
Net cash flows used in investing activities (1,718) (1,597) (1,358)
Cash flows from financing activities      
Changes in short-term borrowings 100 160 154
Repayments on short-term borrowings with maturities greater than 90 days 0 0 (125)
Issuance of long-term debt 825 602 485
Retirement of long-term debt (260) (128) (157)
Changes in Exelon/PHI intercompany money pool (14) 9 12
Distributions to member (703) (553) (526)
Contributions from member 683 494 398
Other financing activities (17) (10) (5)
Net cash flows provided by (used in) financing activities 614 574 236
Increase (decrease) in cash, restricted cash, and cash equivalents 53 (21) (5)
Cash, restricted cash, and cash equivalents at beginning of period 160 181 186
Cash, restricted cash, and cash equivalents at end of period 213 160 181
Increase (decrease) in capital expenditures not paid (6) 54 2
Potomac Electric Power Company [Member]      
Cash flows from operating activities      
Net income (loss) 296 266 243
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 403 377 374
Deferred income taxes and amortization of investment tax credits (8) (46) 1
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities (52) (23) 56
Changes in assets and liabilities:      
Accounts receivable (28) (67) (22)
Receivables from and payables to affiliates, net 6 (12) 5
Inventories (8) 1 (19)
Accounts payable and accrued expenses 16 41 (39)
Income taxes 11 (1) 9
Pension and non-pension postretirement benefit contributions (11) (11) (14)
Other assets and liabilities (163) (24) (82)
Net cash flows provided by operating activities 462 501 512
Cash flows from investing activities      
Capital expenditures (843) (773) (626)
Other investing activities (1) 0 3
Net cash flows used in investing activities (844) (773) (623)
Cash flows from financing activities      
Changes in short-term borrowings 140 (47) 42
Issuance of long-term debt 275 300 260
Retirement of long-term debt 0 (3) (125)
Dividends paid on common stock (268) (232) (213)
Contributions from parent 244 262 160
Other financing activities (6) (6) (3)
Net cash flows provided by (used in) financing activities 385 274 121
Increase (decrease) in cash, restricted cash, and cash equivalents 3 2 10
Cash, restricted cash, and cash equivalents at beginning of period 65 63 53
Cash, restricted cash, and cash equivalents at end of period 68 65 63
Increase (decrease) in capital expenditures not paid 30 1 39
Delmarva Power & Light Company [Member]      
Cash flows from operating activities      
Net income (loss) 128 125 147
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 210 191 184
Deferred income taxes and amortization of investment tax credits 39 (13) (7)
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities 3 51 27
Changes in assets and liabilities:      
Accounts receivable 15 (34) (5)
Receivables from and payables to affiliates, net (3) 8 (5)
Inventories (8) (5) (6)
Accounts payable and accrued expenses 16 4 3
Income taxes 13 (25) 12
Pension and non-pension postretirement benefit contributions (1) 0 (1)
Other assets and liabilities (27) (30) (55)
Net cash flows provided by operating activities 385 272 294
Cash flows from investing activities      
Capital expenditures (429) (424) (348)
Other investing activities 4 (3) 1
Net cash flows used in investing activities (425) (427) (347)
Cash flows from financing activities      
Changes in short-term borrowings 3 90 56
Issuance of long-term debt 125 178 75
Retirement of long-term debt 0 (80) (12)
Dividends paid on common stock (147) (141) (139)
Contributions from parent 120 112 63
Other financing activities (5) (2) (1)
Net cash flows provided by (used in) financing activities 96 157 42
Increase (decrease) in cash, restricted cash, and cash equivalents 56 2 (11)
Cash, restricted cash, and cash equivalents at beginning of period 15 13 24
Cash, restricted cash, and cash equivalents at end of period 71 15 13
Increase (decrease) in capital expenditures not paid (18) 20 (4)
Atlantic City Electric Company [Member]      
Cash flows from operating activities      
Net income (loss) 146 112 99
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 179 180 157
Deferred income taxes and amortization of investment tax credits (15) (37) 3
Net unrealized losses (gains) on equity investments 0 0  
Other non-cash operating activities 0 36 22
Changes in assets and liabilities:      
Accounts receivable (37) (55) (13)
Receivables from and payables to affiliates, net 4 6 (6)
Inventories 1 (3) (1)
Accounts payable and accrued expenses 3 5 26
Income taxes 0 (1) 2
Pension and non-pension postretirement benefit contributions (3) (2) (1)
Other assets and liabilities 17 (42) (27)
Net cash flows provided by operating activities 295 199 261
Cash flows from investing activities      
Capital expenditures (445) (401) (375)
Other investing activities 1 6 (1)
Net cash flows used in investing activities (444) (395) (376)
Cash flows from financing activities      
Changes in short-term borrowings (43) 117 56
Repayments on short-term borrowings with maturities greater than 90 days 0 0 (125)
Issuance of long-term debt 425 123 150
Retirement of long-term debt (260) (44) (18)
Dividends paid on common stock (288) (114) (124)
Contributions from parent 319 117 175
Other financing activities (5) (1) (1)
Net cash flows provided by (used in) financing activities 148 198 113
Increase (decrease) in cash, restricted cash, and cash equivalents (1) 2 (2)
Cash, restricted cash, and cash equivalents at beginning of period 30 28 30
Cash, restricted cash, and cash equivalents at end of period 29 30 28
Increase (decrease) in capital expenditures not paid $ (18) $ 33 $ (29)