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Statements of Cash Flows (Unaudited) - BGE - 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
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)
Collateral paid, net 7 (214)
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)
Proceeds from Sale of Property Held-for-sale 2 0
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)
Proceeds from short-term borrowings with maturities greater than 90 days 150 0
Repayments on short-term borrowings with maturities greater than 90 days (150) (150)
Issuance of long-term debt 2,625 3,925
Retirement of long-term debt (901) (857)
Dividends paid on common stock (381) (358)
Proceeds from employee stock plans 11 10
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)
Baltimore Gas and Electric Company    
Cash flows from operating activities    
Net income 264 200
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 150 167
Deferred income taxes and amortization of investment tax credits (4) 24
Other non-cash operating activities (21) (32)
Changes in assets and liabilities:    
Accounts receivable (95) 43
Receivables from and payables to affiliates, net 2 (3)
Inventories 14 62
Accounts payable and accrued expenses 21 (96)
Collateral paid, net 0 (22)
Income taxes 29 29
Regulatory assets and liabilities, net 0 (31)
Pension and non-pension postretirement benefit contributions (25) (8)
Other assets and liabilities (18) (24)
Net cash flows provided by operating activities 317 309
Cash flows from investing activities    
Capital expenditures (324) (350)
Other investing activities 8 3
Net cash flows used in investing activities (316) (347)
Cash flows from financing activities    
Changes in short-term borrowings 70 (165)
Dividends paid on common stock (92) (80)
Contributions from parent 0 237
Net cash flows provided by financing activities (22) (8)
Increase in cash, restricted cash, and cash equivalents (21) (46)
Cash, restricted cash, and cash equivalents at beginning of period 48 67
Cash, restricted cash, and cash equivalents at end of period 27 21
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (8) $ (70)