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Consolidated Statements of Cash Flows (Unaudited) - ACE - 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)
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
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)
Atlantic City Electric Company    
Cash flows from operating activities    
Net income 29 33
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 74 67
Deferred income taxes and amortization of investment tax credits 7 6
Other non-cash operating activities 2 (9)
Changes in assets and liabilities:    
Accounts receivable (12) 24
Receivables from and payables to affiliates, net (5) (1)
Inventories (3) (3)
Accounts payable and accrued expenses (1) (15)
Collateral paid, net 1 (44)
Income taxes 3 5
Regulatory assets and liabilities, net (47) 3
Pension and non-pension postretirement benefit contributions (7) (1)
Other assets and liabilities (13) (21)
Net cash flows provided by operating activities 28 44
Cash flows from investing activities    
Capital expenditures (89) (161)
Net cash flows used in investing activities (89) (161)
Cash flows from financing activities    
Changes in short-term borrowings (199) 0
Issuance of long-term debt 75 75
Changes in Exelon intercompany money pool 134 0
Dividends paid on common stock (22) (21)
Contributions from parent 81 63
Other financing activities (2) (1)
Net cash flows provided by financing activities 67 116
Increase in cash, restricted cash, and cash equivalents 6 (1)
Cash, restricted cash, and cash equivalents at beginning of period 21 72
Cash, restricted cash, and cash equivalents at end of period 27 71
Supplemental cash flow information    
Decrease in capital expenditures not paid $ 4 $ (30)