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Consolidated Statements of Cash Flows - PHI - 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
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)
Proceeds from sales of assets and businesses 25 16 877
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)
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
Supplemental cash flow information      
(Decrease) increase in capital expenditures not paid (215) 36 16
Pepco Holdings LLC      
Cash flows from operating activities      
Net income 590 608 561
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 990 938 821
Gain on sales of assets (9) 0 0
Deferred income taxes and amortization of investment tax credits 29 (9) 24
Other non-cash operating activities 110 163 (12)
Changes in assets and liabilities:      
Accounts receivable (79) (184) (48)
Inventories (42) (34) (16)
Accounts payable and accrued expenses 40 30 34
Collateral (paid) received, net (196) 148 49
Income taxes 65 (1) 17
Regulatory assets and liabilities, net (61) (136) (99)
Pension and non-pension postretirement benefit contributions (24) (78) (48)
Other assets and liabilities (101) (149) (132)
Net cash flows provided by operating activities 1,304 1,250 1,157
Cash flows from investing activities      
Capital expenditures (1,988) (1,709) (1,720)
Proceeds from sales of assets and businesses 10 0 0
Other investing activities 8 6 2
Net cash flows used in investing activities (1,970) (1,703) (1,718)
Cash flows from financing activities      
Changes in short-term borrowings (20) (54) 100
Issuance of long-term debt 1,075 925 825
Retirement of long-term debt (500) (310) (260)
Change in Exelon intercompany money pool 21 37 (14)
Distributions to member (513) (750) (703)
Contributions from member 475 787 683
Other financing activities (41) (22) (17)
Net cash flows provided by financing activities 497 613 614
(Decrease) increase in cash, restricted cash, and cash equivalents (169) 160 53
Cash, restricted cash, and cash equivalents at beginning of period 373 213 160
Cash, restricted cash, and cash equivalents at end of period 204 373 213
Supplemental cash flow information      
(Decrease) increase in capital expenditures not paid (109) 136 (6)
Pepco Holdings LLC | Related Party      
Changes in assets and liabilities:      
Receivables from and payables to affiliates, net $ (8) $ (46) $ 6