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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income (loss) $ 669 $ 598
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 860 1,024
Gain on sales of assets and businesses 0 (10)
Deferred income taxes and amortization of investment tax credits 113 110
Net fair value changes related to derivatives 0 (59)
Net realized and unrealized (gains) losses on NDT funds 0 205
Net unrealized (gains) losses on equity investments 0 16
Other non-cash operating activities (138) 232
Changes in assets and liabilities:    
Accounts receivable 106 (711)
Inventories 102 125
Accounts payable and accrued expenses (482) 291
Option premiums paid, net 0 (39)
Collateral received (posted), net (214) 1,142
Income taxes 23 77
Regulatory assets and liabilities, net (324) (31)
Pension and non-pension postretirement benefit contributions (44) (574)
Other assets and liabilities (187) (614)
Net Cash Provided by (Used in) Operating Activities, Total 484 1,782
Cash flows from investing activities    
Capital expenditures (1,881) (1,922)
Proceeds from NDT fund sales 0 488
Investment in NDT funds 0 (516)
Collection of deferred purchase price 0 169
Proceeds from Sale of Property Held-for-sale 0 16
Other investing activities 10 (54)
Net Cash Provided by (Used in) Investing Activities, Total (1,871) (1,819)
Cash flows from financing activities    
Changes in short-term borrowings (1,130) (700)
Proceeds from short-term borrowings with maturities greater than 90 days 0 1,150
Repayments on short-term borrowings with maturities greater than 90 days (150) (350)
Issuance of long-term debt 3,925 4,301
Retirement of long-term debt (857) (6)
Dividends paid on common stock (358) (332)
Proceeds from employee stock plans 10 9
Transfer of cash, restricted cash, and cash equivalents to Constellation 0 (2,594)
Other financing activities (60) (62)
Net cash flows provided by financing activities 1,380 1,416
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (7) 1,379
Cash, restricted cash, and cash equivalents at beginning of period 1,090 1,619
Cash, restricted cash, and cash equivalents at end of period 1,083 2,998
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (201) (322)
Increase in deferred purchase price 0 348
Increase in PPE related to ARO update 0 (335)
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 0 207
Gain on sales of assets and businesses 0 9
Deferred income taxes and amortization of investment tax credits 0 (143)
Net fair value changes related to derivatives 0 (59)
Net realized and unrealized (gains) losses on NDT funds 0 205
Net unrealized (gains) losses on equity investments 0 16
Other non-cash operating activities 0 (36)
Cash flows from investing activities    
Capital expenditures 0 (227)
Collection of deferred purchase price 0 169
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid 0 (128)
Increase in deferred purchase price 0 348
Increase in PPE related to ARO update 0 335
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income (loss) 241 188
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 338 321
Deferred income taxes and amortization of investment tax credits 55 54
Other non-cash operating activities (153) (9)
Changes in assets and liabilities:    
Accounts receivable 96 (45)
Receivables from payables to affiliates, net 10 (42)
Inventories (21) 3
Accounts payable and accrued expenses (306) (154)
Collateral received (posted), net (4) 43
Income taxes 15 (2)
Regulatory assets and liabilities, net (338) (8)
Pension and non-pension postretirement benefit contributions (23) (176)
Other assets and liabilities (22) (29)
Net Cash Provided by (Used in) Operating Activities, Total (112) 144
Cash flows from investing activities    
Capital expenditures (617) (617)
Other investing activities 1 7
Net Cash Provided by (Used in) Investing Activities, Total (616) (610)
Cash flows from financing activities    
Changes in short-term borrowings (18) 0
Repayments on short-term borrowings with maturities greater than 90 days (150) 0
Issuance of long-term debt 975 750
Dividends paid on common stock (187) (144)
Contributions from parent 186 167
Other financing activities (11) (10)
Net cash flows provided by financing activities 795 763
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 67 297
Cash, restricted cash, and cash equivalents at beginning of period 511 384
Cash, restricted cash, and cash equivalents at end of period 578 681
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (35) (50)
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income (loss) 166 206
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 98 92
Deferred income taxes and amortization of investment tax credits (16) 14
Other non-cash operating activities 32 15
Changes in assets and liabilities:    
Accounts receivable 36 (40)
Receivables from payables to affiliates, net 8 (31)
Inventories 60 27
Accounts payable and accrued expenses (176) (24)
Income taxes 20 0
Regulatory assets and liabilities, net 15 (4)
Pension and non-pension postretirement benefit contributions 0 (12)
Other assets and liabilities (75) (102)
Net Cash Provided by (Used in) Operating Activities, Total 168 141
Cash flows from investing activities    
Capital expenditures (335) (344)
Other investing activities 0 2
Net Cash Provided by (Used in) Investing Activities, Total (335) (342)
Cash flows from financing activities    
Changes in short-term borrowings (94) 0
Increase (Decrease) in Due to Affiliates, Current 0 65
Dividends paid on common stock (101) (100)
Contributions from parent 330 227
Other financing activities 0 (1)
Net cash flows provided by financing activities 135 191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (32) (10)
Cash, restricted cash, and cash equivalents at beginning of period 68 44
Cash, restricted cash, and cash equivalents at end of period 36 34
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (9) (41)
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 200 198
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 167 171
Deferred income taxes and amortization of investment tax credits 24 5
Other non-cash operating activities (32) 44
Changes in assets and liabilities:    
Accounts receivable 43 (80)
Receivables from payables to affiliates, net (3) (2)
Inventories 62 32
Accounts payable and accrued expenses (96) (30)
Collateral received (posted), net (22) 30
Income taxes 29 4
Regulatory assets and liabilities, net (31) (8)
Pension and non-pension postretirement benefit contributions (8) (56)
Other assets and liabilities (24) (31)
Net Cash Provided by (Used in) Operating Activities, Total 309 277
Cash flows from investing activities    
Capital expenditures (350) (303)
Other investing activities 3 3
Net Cash Provided by (Used in) Investing Activities, Total (347) (300)
Cash flows from financing activities    
Changes in short-term borrowings (165) 120
Dividends paid on common stock (80) (76)
Contributions from parent 237 0
Other financing activities 0 (1)
Net cash flows provided by financing activities (8) 43
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (46) 20
Cash, restricted cash, and cash equivalents at beginning of period 67 55
Cash, restricted cash, and cash equivalents at end of period 21 75
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (70) (32)
Pepco Holdings LLC [Member]    
Cash flows from operating activities    
Net income (loss) 155 130
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 241 218
Deferred income taxes and amortization of investment tax credits 13 2
Other non-cash operating activities (7) 35
Changes in assets and liabilities:    
Accounts receivable 98 (21)
Receivables from payables to affiliates, net 0 (51)
Inventories 4 7
Accounts payable and accrued expenses (88) (23)
Collateral received (posted), net (189) 37
Income taxes 20 5
Regulatory assets and liabilities, net 27 (18)
Pension and non-pension postretirement benefit contributions (7) (67)
Other assets and liabilities (11) (22)
Net Cash Provided by (Used in) Operating Activities, Total 256 232
Cash flows from investing activities    
Capital expenditures (561) (409)
Other investing activities 8 2
Net Cash Provided by (Used in) Investing Activities, Total (553) (407)
Cash flows from financing activities    
Changes in short-term borrowings (414) (468)
Issuance of long-term debt 450 700
Increase (Decrease) in Due to Affiliates, Current 8 39
Payments of Distributions to Affiliates (112) (102)
Proceeds from Contributions from Affiliates 405 704
Other financing activities (17) (9)
Net cash flows provided by financing activities 320 864
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 23 689
Cash, restricted cash, and cash equivalents at beginning of period 373 213
Cash, restricted cash, and cash equivalents at end of period 396 902
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (76) (55)
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income (loss) 65 46
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 108 108
Deferred income taxes and amortization of investment tax credits 3 (2)
Other non-cash operating activities (10) 12
Changes in assets and liabilities:    
Accounts receivable 52 (2)
Receivables from payables to affiliates, net 3 (25)
Inventories (3) 0
Accounts payable and accrued expenses (27) 5
Collateral received (posted), net (25) 1
Income taxes 8 1
Regulatory assets and liabilities, net (3) (7)
Pension and non-pension postretirement benefit contributions (4) (5)
Other assets and liabilities 11 (12)
Net Cash Provided by (Used in) Operating Activities, Total 178 120
Cash flows from investing activities    
Capital expenditures (264) (218)
Other investing activities 8 1
Net Cash Provided by (Used in) Investing Activities, Total (256) (217)
Cash flows from financing activities    
Changes in short-term borrowings (299) (175)
Issuance of long-term debt 250 400
Dividends paid on common stock (48) (42)
Contributions from parent 243 387
Other financing activities (14) (5)
Net cash flows provided by financing activities 132 565
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total 54 468
Cash, restricted cash, and cash equivalents at beginning of period 99 68
Cash, restricted cash, and cash equivalents at end of period 153 536
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (43) (36)
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income (loss) 60 56
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 60 57
Deferred income taxes and amortization of investment tax credits 3 5
Other non-cash operating activities (1) 9
Changes in assets and liabilities:    
Accounts receivable 23 (17)
Receivables from payables to affiliates, net 4 (17)
Inventories 10 8
Accounts payable and accrued expenses (16) 15
Collateral received (posted), net (120) 30
Income taxes 9 (1)
Regulatory assets and liabilities, net 27 0
Pension and non-pension postretirement benefit contributions 0 (1)
Other assets and liabilities 1 3
Net Cash Provided by (Used in) Operating Activities, Total 60 147
Cash flows from investing activities    
Capital expenditures (134) (103)
Other investing activities 0 1
Net Cash Provided by (Used in) Investing Activities, Total (134) (102)
Cash flows from financing activities    
Changes in short-term borrowings (115) (149)
Issuance of long-term debt 125 125
Dividends paid on common stock (42) (41)
Contributions from parent 99 144
Other financing activities (2) (2)
Net cash flows provided by financing activities 65 77
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (9) 122
Cash, restricted cash, and cash equivalents at beginning of period 152 71
Cash, restricted cash, and cash equivalents at end of period 143 193
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid (3) (8)
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income (loss) 33 26
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 67 47
Deferred income taxes and amortization of investment tax credits 6 1
Other non-cash operating activities (9) 2
Changes in assets and liabilities:    
Accounts receivable 24 (1)
Receivables from payables to affiliates, net (1) (6)
Inventories (3) (1)
Accounts payable and accrued expenses (15) (17)
Collateral received (posted), net (44) (3)
Income taxes 5 0
Regulatory assets and liabilities, net 3 (3)
Pension and non-pension postretirement benefit contributions (1) (7)
Other assets and liabilities (21) 6
Net Cash Provided by (Used in) Operating Activities, Total 44 44
Cash flows from investing activities    
Capital expenditures (161) (87)
Net Cash Provided by (Used in) Investing Activities, Total (161) (87)
Cash flows from financing activities    
Changes in short-term borrowings 0 (144)
Issuance of long-term debt 75 175
Dividends paid on common stock (21) (19)
Contributions from parent 63 173
Other financing activities (1) (3)
Net cash flows provided by financing activities 116 182
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (1) 139
Cash, restricted cash, and cash equivalents at beginning of period 72 29
Cash, restricted cash, and cash equivalents at end of period 71 168
Supplemental Cash Flow Information    
Decrease in capital expenditures not paid $ (30) $ (10)