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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income (loss) $ 1,063 $ 211
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 1,854 4,180
Asset impairments 0 500
Gain on sales of assets and businesses (8) (83)
Deferred income taxes and amortization of investment tax credits 143 (163)
Net fair value changes related to derivatives (59) (490)
Net realized and unrealized (gains) losses on NDT funds 205 (376)
Net unrealized (gains) losses on equity investments 16 (96)
Other non-cash operating activities 276 (331)
Changes in assets and liabilities:    
Accounts receivable (795) (16)
Inventories 12 1
Accounts payable and accrued expenses 544 (87)
Option premiums (paid) received, net (39) 2
Collateral received (posted), net 1,689 957
Income taxes 23 190
Regulatory assets and liabilities, net (376) (276)
Pension and non-pension postretirement benefit contributions (585) (559)
Other assets and liabilities (723) (2,426)
Net Cash Provided by (Used in) Operating Activities, Total 3,240 1,138
Cash flows from investing activities    
Capital expenditures (3,507) (4,040)
Proceeds from NDT fund sales 488 4,438
Investment in NDT funds (516) (4,538)
Collection of deferred purchase price 169 2,209
Proceeds from Sale of Property Held-for-sale 16 724
Other investing activities 4 17
Net Cash Provided by (Used in) Investing Activities, Total (3,346) (1,190)
Cash flows from financing activities    
Changes in short-term borrowings (597) (666)
Proceeds from short-term borrowings with maturities greater than 90 days 1,150 500
Repayments on short-term borrowings with maturities greater than 90 days (350) 0
Issuance of long-term debt 5,151 2,455
Retirement of long-term debt (1,707) (630)
Dividends paid on common stock (663) (747)
Proceeds from employee stock plans 17 47
Transfer of cash, restricted cash, and cash equivalents to Constellation (2,594) 0
Other financing activities (84) (64)
Net cash flows provided by financing activities 323 895
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 217 843
Cash, restricted cash, and cash equivalents at beginning of period 1,619 1,166
Cash, restricted cash, and cash equivalents at end of period 1,836 2,009
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (276) (313)
Increase in deferred purchase price 348 1,958
Increase in PPE related to ARO update (335) 2
Exelon Generation Co L L C [Member]    
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 207 2,686
Gain on sales of assets and businesses 9 (79)
Deferred income taxes and amortization of investment tax credits (143) (268)
Net fair value changes related to derivatives (59) (490)
Net realized and unrealized (gains) losses on NDT funds 205 (376)
Net unrealized (gains) losses on equity investments 16 (96)
Other non-cash operating activities (36) 636
Cash flows from investing activities    
Capital expenditures (227) (731)
Collection of deferred purchase price 169 2,209
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (128) (66)
Increase in deferred purchase price 348 1,958
Increase in PPE related to ARO update 335 0
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income (loss) 415 390
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 649 589
Deferred income taxes and amortization of investment tax credits 122 143
Other non-cash operating activities (18) 23
Changes in assets and liabilities:    
Accounts receivable (163) (48)
Receivables from payables to affiliates, net (43) 5
Inventories (2) (2)
Accounts payable and accrued expenses 123 (45)
Collateral received (posted), net 60 2
Income taxes (19) (34)
Regulatory assets and liabilities, net (267) (181)
Pension and non-pension postretirement benefit contributions (178) (173)
Other assets and liabilities (91) (111)
Net Cash Provided by (Used in) Operating Activities, Total 588 558
Cash flows from investing activities    
Capital expenditures (1,208) (1,162)
Other investing activities 15 12
Net Cash Provided by (Used in) Investing Activities, Total (1,193) (1,150)
Cash flows from financing activities    
Changes in short-term borrowings 0 (290)
Issuance of long-term debt 750 700
Dividends paid on common stock (289) (253)
Contributions from parent 335 395
Other financing activities (12) (11)
Net cash flows provided by financing activities 784 541
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 179 (51)
Cash, restricted cash, and cash equivalents at beginning of period 384 405
Cash, restricted cash, and cash equivalents at end of period 563 354
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (44) (93)
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income (loss) 339 271
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 185 173
Deferred income taxes and amortization of investment tax credits 14 21
Other non-cash operating activities 4 (5)
Changes in assets and liabilities:    
Accounts receivable (29) 86
Receivables from payables to affiliates, net (40) 2
Inventories (8) 3
Accounts payable and accrued expenses 5 (46)
Income taxes 49 24
Regulatory assets and liabilities, net (24) (14)
Pension and non-pension postretirement benefit contributions (13) (15)
Other assets and liabilities (70) (126)
Net Cash Provided by (Used in) Operating Activities, Total 412 374
Cash flows from investing activities    
Capital expenditures (658) (577)
Other investing activities 5 4
Net Cash Provided by (Used in) Investing Activities, Total (653) (573)
Cash flows from financing activities    
Changes in short-term borrowings 210 0
Issuance of long-term debt 350 375
Retirement of long-term debt (350) 0
Increase (Decrease) in Due to Affiliates, Current 0 (40)
Dividends paid on common stock (200) (169)
Contributions from parent 227 395
Other financing activities (8) (4)
Net cash flows provided by financing activities 229 557
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (12) 358
Cash, restricted cash, and cash equivalents at beginning of period 44 26
Cash, restricted cash, and cash equivalents at end of period 32 384
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (11) (16)
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 234 254
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 322 293
Deferred income taxes and amortization of investment tax credits 13 11
Other non-cash operating activities 79 28
Changes in assets and liabilities:    
Accounts receivable (14) 73
Receivables from payables to affiliates, net (11) (19)
Inventories (27) (9)
Accounts payable and accrued expenses (12) (51)
Collateral received (posted), net 190 2
Income taxes (27) (27)
Regulatory assets and liabilities, net (36) (61)
Pension and non-pension postretirement benefit contributions (59) (71)
Other assets and liabilities 24 (35)
Net Cash Provided by (Used in) Operating Activities, Total 676 388
Cash flows from investing activities    
Capital expenditures (578) (620)
Other investing activities 7 10
Net Cash Provided by (Used in) Investing Activities, Total (571) (610)
Cash flows from financing activities    
Changes in short-term borrowings (130) 0
Issuance of long-term debt 500 600
Dividends paid on common stock (150) (146)
Contributions from parent 186 0
Other financing activities (7) (6)
Net cash flows provided by financing activities 399 448
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 504 226
Cash, restricted cash, and cash equivalents at beginning of period 55 145
Cash, restricted cash, and cash equivalents at end of period 559 371
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (21) (71)
Pepco Holdings LLC [Member]    
Cash flows from operating activities    
Net income (loss) 230 269
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 459 404
Deferred income taxes and amortization of investment tax credits (7) 10
Other non-cash operating activities 76 (50)
Changes in assets and liabilities:    
Accounts receivable (92) (30)
Receivables from payables to affiliates, net (53) (22)
Inventories (7) 3
Accounts payable and accrued expenses 10 (35)
Collateral received (posted), net 403 0
Income taxes (2) (1)
Regulatory assets and liabilities, net (71) (33)
Pension and non-pension postretirement benefit contributions (70) (40)
Other assets and liabilities (86) (98)
Net Cash Provided by (Used in) Operating Activities, Total 790 377
Cash flows from investing activities    
Capital expenditures (776) (889)
Other investing activities 3 (2)
Net Cash Provided by (Used in) Investing Activities, Total (773) (891)
Cash flows from financing activities    
Changes in short-term borrowings (425) (36)
Issuance of long-term debt 700 625
Retirement of long-term debt (200) (249)
Increase (Decrease) in Due to Affiliates, Current 17 (12)
Payments of Distributions to Affiliates (395) (414)
Proceeds from Contributions from Affiliates 704 560
Other financing activities (12) (8)
Net cash flows provided by financing activities 389 466
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 406 (48)
Cash, restricted cash, and cash equivalents at beginning of period 213 160
Cash, restricted cash, and cash equivalents at end of period 619 112
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (48) (41)
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income (loss) 116 134
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 213 199
Deferred income taxes and amortization of investment tax credits (7) 10
Other non-cash operating activities 17 (43)
Changes in assets and liabilities:    
Accounts receivable (62) (23)
Receivables from payables to affiliates, net (39) (11)
Inventories (6) 1
Accounts payable and accrued expenses 6 (26)
Collateral received (posted), net 85 0
Income taxes (24) (20)
Regulatory assets and liabilities, net (36) (38)
Pension and non-pension postretirement benefit contributions (7) (7)
Other assets and liabilities (15) (41)
Net Cash Provided by (Used in) Operating Activities, Total 241 135
Cash flows from investing activities    
Capital expenditures (402) (439)
Other investing activities 2 (2)
Net Cash Provided by (Used in) Investing Activities, Total (400) (441)
Cash flows from financing activities    
Changes in short-term borrowings (132) 119
Issuance of long-term debt 400 150
Retirement of long-term debt (200) 0
Increase (Decrease) in Due to Affiliates, Current 73 9
Dividends paid on common stock (300) (123)
Contributions from parent 387 138
Other financing activities (6) (2)
Net cash flows provided by financing activities 222 291
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 63 (15)
Cash, restricted cash, and cash equivalents at beginning of period 68 65
Cash, restricted cash, and cash equivalents at end of period 131 50
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (24) (15)
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income (loss) 77 86
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 113 104
Deferred income taxes and amortization of investment tax credits 3 4
Other non-cash operating activities 13 (12)
Changes in assets and liabilities:    
Accounts receivable (8) 24
Receivables from payables to affiliates, net (3) (12)
Inventories 1 0
Accounts payable and accrued expenses 12 7
Collateral received (posted), net 180 0
Income taxes 6 14
Regulatory assets and liabilities, net (11) (13)
Pension and non-pension postretirement benefit contributions (1) 0
Other assets and liabilities 1 (9)
Net Cash Provided by (Used in) Operating Activities, Total 383 193
Cash flows from investing activities    
Capital expenditures (194) (211)
Changes in Exelon/PHI intercompany money pool (73) (9)
Other investing activities 2 1
Net Cash Provided by (Used in) Investing Activities, Total (265) (219)
Cash flows from financing activities    
Changes in short-term borrowings (149) (146)
Issuance of long-term debt 125 125
Dividends paid on common stock (56) (63)
Contributions from parent 144 120
Other financing activities (4) (3)
Net cash flows provided by financing activities 60 33
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 178 7
Cash, restricted cash, and cash equivalents at beginning of period 71 15
Cash, restricted cash, and cash equivalents at end of period 249 22
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (5) (14)
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 37 51
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 118 87
Deferred income taxes and amortization of investment tax credits 0 (2)
Other non-cash operating activities 25 (14)
Changes in assets and liabilities:    
Accounts receivable (20) (30)
Receivables from payables to affiliates, net (10) 4
Inventories (2) 2
Accounts payable and accrued expenses 9 (2)
Collateral received (posted), net 137 0
Income taxes 8 2
Regulatory assets and liabilities, net (11) 18
Pension and non-pension postretirement benefit contributions (7) (3)
Other assets and liabilities (63) (43)
Net Cash Provided by (Used in) Operating Activities, Total 221 70
Cash flows from investing activities    
Capital expenditures (179) (239)
Net Cash Provided by (Used in) Investing Activities, Total (179) (239)
Cash flows from financing activities    
Changes in short-term borrowings (144) (9)
Issuance of long-term debt 175 350
Retirement of long-term debt 0 (249)
Dividends paid on common stock (38) (229)
Contributions from parent 173 303
Other financing activities (4) (4)
Net cash flows provided by financing activities 162 162
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 204 (7)
Cash, restricted cash, and cash equivalents at beginning of period 29 30
Cash, restricted cash, and cash equivalents at end of period 233 23
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid $ (19) $ (13)