XML 230 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1
Statements of Cash Flows - BGE - 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
Asset impairments 0 48 552
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
Collateral (paid) received, net (146) 1,248 (74)
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
Baltimore Gas and Electric Company      
Cash flows from operating activities      
Net income 485 380 408
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 654 630 591
Asset impairments 0 48 0
Deferred income taxes and amortization of investment tax credits 66 9 (17)
Other non-cash operating activities (1) 135 75
Changes in assets and liabilities:      
Accounts receivable 89 (197) 30
Inventories 47 (61) (29)
Accounts payable and accrued expenses (75) 77 14
Collateral (paid) received, net (22) 19 3
Income taxes 37 (17) 20
Regulatory assets and liabilities, net (292) (160) (152)
Pension and non-pension postretirement benefit contributions (19) (68) (81)
Other assets and liabilities (13) (33) (120)
Net cash flows provided by operating activities 951 760 729
Cash flows from investing activities      
Capital expenditures (1,367) (1,262) (1,226)
Other investing activities 7 11 18
Net cash flows used in investing activities (1,360) (1,251) (1,208)
Cash flows from financing activities      
Changes in short-term borrowings (72) 278 130
Issuance of long-term debt 700 500 600
Retirement of long-term debt (300) (250) (300)
Dividends paid on common stock (316) (300) (292)
Contributions from parent 385 286 257
Other financing activities (7) (11) (6)
Net cash flows provided by financing activities 390 503 389
(Decrease) increase in cash, restricted cash, and cash equivalents (19) 12 (90)
Cash, restricted cash, and cash equivalents at beginning of period 67 55 145
Cash, restricted cash, and cash equivalents at end of period 48 67 55
Baltimore Gas and Electric Company | Related Party      
Changes in assets and liabilities:      
Receivables from and payables to affiliates, net $ (5) $ (2) $ (13)