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Consolidated Statements of Cash Flows (Unaudited) - PECO - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 658 $ 669
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 880 860
Gain (Loss) on Sale of Assets and Asset Impairment Charges (2) 0
Deferred income taxes and amortization of investment tax credits 46 113
Other non-cash operating activities 39 (138)
Changes in assets and liabilities:    
Accounts receivable (309) 106
Inventories 12 102
Accounts payable and accrued expenses (238) (482)
Income taxes 21 23
Regulatory assets and liabilities, net 252 (324)
Pension and non-pension postretirement benefit contributions (111) (44)
Other assets and liabilities (264) (187)
Net cash flows provided by operating activities 992 484
Cash flows from investing activities    
Capital expenditures (1,767) (1,881)
Other investing activities (2) 10
Net cash flows used in investing activities (1,767) (1,871)
Cash flows from financing activities    
Changes in short-term borrowings (317) (1,130)
Issuance of long-term debt 2,625 3,925
Retirement of long-term debt (901) (857)
Dividends paid on common stock (381) (358)
Other financing activities (55) (60)
Net cash flows provided by financing activities 982 1,380
Increase in cash, restricted cash, and cash equivalents 207 (7)
Cash, restricted cash, and cash equivalents at beginning of period 1,101 1,090
Cash, restricted cash, and cash equivalents at end of period 1,308 1,083
Supplemental cash flow information    
Decrease in capital expenditures not paid (117) (201)
PECO Energy Co    
Cash flows from operating activities    
Net income 149 166
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 104 98
Gain (Loss) on Sale of Assets and Asset Impairment Charges (2) 0
Deferred income taxes and amortization of investment tax credits (8) (16)
Other non-cash operating activities 20 32
Changes in assets and liabilities:    
Accounts receivable (75) 36
Receivables from and payables to affiliates, net 4 8
Inventories 19 60
Accounts payable and accrued expenses (63) (176)
Income taxes 19 20
Regulatory assets and liabilities, net (20) 15
Pension and non-pension postretirement benefit contributions (2) 0
Other assets and liabilities (104) (75)
Net cash flows provided by operating activities 41 168
Cash flows from investing activities    
Capital expenditures (361) (335)
Other investing activities 2 0
Net cash flows used in investing activities (359) (335)
Cash flows from financing activities    
Changes in short-term borrowings (165) (94)
Dividends paid on common stock (100) (101)
Contributions from parent 580 330
Net cash flows provided by financing activities 315 135
Increase in cash, restricted cash, and cash equivalents (3) (32)
Cash, restricted cash, and cash equivalents at beginning of period 51 68
Cash, restricted cash, and cash equivalents at end of period 48 36
Supplemental cash flow information    
Decrease in capital expenditures not paid $ 5 $ (9)