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Consolidated Statements of Cash Flows - PECO - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 2,328 $ 2,171 $ 1,829
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 3,506 3,533 7,573
Deferred income taxes and amortization of investment tax credits 319 255 18
Other non-cash operating activities (335) 370 (200)
Changes in assets and liabilities:      
Accounts receivable (37) (1,222) (703)
Inventories (45) (121) (141)
Accounts payable and accrued expenses (191) 1,318 440
Income taxes 48 (4) 327
Regulatory assets and liabilities, net 439 1,326 634
Pension and non-pension postretirement benefit contributions (129) (616) (665)
Other assets and liabilities (188) (905) (3,777)
Net cash flows provided by operating activities 4,703 4,870 3,012
Cash flows from investing activities      
Capital expenditures (7,408) (7,147) (7,981)
Other investing activities 8 0 26
Net cash flows used in investing activities (7,375) (6,990) (3,317)
Cash flows from financing activities      
Changes in short-term borrowings (313) 986 269
Issuance of long-term debt 5,825 6,309 3,481
Retirement of long-term debt (1,713) (2,073) (1,640)
Dividends paid on common stock (1,433) (1,334) (1,497)
Other financing activities (114) (102) (80)
Net cash flows provided by financing activities 2,683 1,591 758
(Decrease) increase in cash, restricted cash, and cash equivalents 11 (529) 453
Cash, restricted cash, and cash equivalents at beginning of period 1,090 1,619 1,166
Cash, restricted cash, and cash equivalents at end of period 1,101 1,090 1,619
PECO Energy Co      
Cash flows from operating activities      
Net income 563 576 504
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 397 373 348
Deferred income taxes and amortization of investment tax credits (43) 70 11
Other non-cash operating activities 13 40 0
Changes in assets and liabilities:      
Accounts receivable 67 (205) (35)
Inventories 34 (56) (26)
Accounts payable and accrued expenses (78) 152 15
Income taxes 86 (20) 5
Regulatory assets and liabilities, net (31) (45) (21)
Pension and non-pension postretirement benefit contributions (1) (18) (18)
Other assets and liabilities 13 5 (31)
Net cash flows provided by operating activities 1,019 841 773
Cash flows from investing activities      
Capital expenditures (1,426) (1,349) (1,240)
Other investing activities 2 8 9
Net cash flows used in investing activities (1,424) (1,341) (1,231)
Cash flows from financing activities      
Changes in short-term borrowings (74) 239 0
Issuance of long-term debt 575 775 750
Retirement of long-term debt (50) (350) (300)
Change in Exelon intercompany money pool 0 0 (40)
Dividends paid on common stock (405) (399) (339)
Contributions from parent 348 274 414
Other financing activities (6) (15) (9)
Net cash flows provided by financing activities 388 524 476
(Decrease) increase in cash, restricted cash, and cash equivalents (17) 24 18
Cash, restricted cash, and cash equivalents at beginning of period 68 44 26
Cash, restricted cash, and cash equivalents at end of period 51 68 44
PECO Energy Co | Related Party      
Changes in assets and liabilities:      
Receivables from and payables to affiliates, net $ (1) $ (31) $ 21