XML 46 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 1,460 $ 1,179
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 2,922 3,000
Impairment of long-lived assets 9 41
Gain on sales of assets and businesses (33) (60)
Deferred income taxes and amortization of investment tax credits 284 (2)
Net fair value changes related to derivatives 107 151
Net realized and unrealized (gains) losses on NDT funds (404) 80
Other non-cash operating activities 277 479
Changes in assets and liabilities:    
Accounts receivable 618 (105)
Inventories 19 60
Accounts payable and accrued expenses (924) (342)
Option premiums received (paid), net 48 (36)
Collateral (posted) received, net (311) 81
Income taxes 151 129
Pension and non-pension postretirement benefit contributions (355) (345)
Other assets and liabilities (970) (441)
Net cash flows provided by operating activities 2,898 3,869
Cash flows from investing activities    
Capital expenditures (3,572) (3,807)
Proceeds from NDT fund sales 6,920 3,822
Investment in NDT funds (6,847) (3,924)
Acquisition of assets and businesses, net 0 (57)
Proceeds from sales of assets and businesses 14 89
Other investing activities 26 31
Net cash flows used in investing activities (3,459) (3,846)
Cash flows from financing activities    
Changes in short-term borrowings 470 200
Proceeds from short-term borrowings with maturities greater than 90 days 0 126
Repayments on short-term borrowings with maturities greater than 90 days (125) (1)
Issuance of long-term debt 850 1,488
Retirement of long-term debt (574) (1,309)
Dividends paid on common stock (704) (666)
Proceeds from employee stock plans 75 27
Other financing activities (34) (50)
Net cash flows provided by (used in) financing activities (42) (185)
Increase (Decrease) in cash, cash equivalents and restricted cash (603) (162)
Cash, cash equivalents and restricted cash at beginning of period 1,781 1,190
Cash, cash equivalents and restricted cash at end of period 1,178 1,028
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid (133) (283)
Change in PPE related to ARO update 301 47
Exelon Generation Co L L C [Member]    
Cash flows from operating activities    
Net income 540 368
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 1,580 1,735
Impairment of long-lived assets 9 41
Gain on sales of assets and businesses (33) (54)
Deferred income taxes and amortization of investment tax credits 151 (149)
Net fair value changes related to derivatives 114 158
Net realized and unrealized (gains) losses on NDT funds (404) 80
Other non-cash operating activities (50) 85
Changes in assets and liabilities:    
Accounts receivable 472 258
Receivables from and payables to affiliates, net (18) 7
Inventories 32 34
Accounts payable and accrued expenses (507) (272)
Option premiums received (paid), net 48 (36)
Collateral (posted) received, net (318) 91
Income taxes 321 58
Pension and non-pension postretirement benefit contributions (158) (129)
Other assets and liabilities (351) (212)
Net cash flows provided by operating activities 1,428 2,063
Cash flows from investing activities    
Capital expenditures (890) (1,298)
Proceeds from NDT fund sales 6,920 3,822
Investment in NDT funds (6,847) (3,924)
Acquisition of assets and businesses, net 0 (57)
Proceeds from sales of assets and businesses 14 89
Changes in Exelon/PHI intercompany money pool (179) (185)
Other investing activities 8 4
Net cash flows used in investing activities (974) (1,549)
Cash flows from financing activities    
Issuance of long-term debt 40 13
Retirement of long-term debt (130) (76)
Changes in Exelon/PHI intercompany money pool (100) (54)
Distributions to member (449) (377)
Other financing activities (21) (24)
Net cash flows provided by (used in) financing activities (660) (518)
Increase (Decrease) in cash, cash equivalents and restricted cash (206) (4)
Cash, cash equivalents and restricted cash at beginning of period 903 554
Cash, cash equivalents and restricted cash at end of period 697 550
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid (30) (310)
Change in PPE related to ARO update 301 47
Commonwealth Edison Co [Member]    
Cash flows from operating activities    
Net income 344 329
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 508 459
Deferred income taxes and amortization of investment tax credits 64 84
Other non-cash operating activities 87 117
Changes in assets and liabilities:    
Accounts receivable 56 (133)
Receivables from and payables to affiliates, net (16) 15
Inventories (5) 5
Accounts payable and accrued expenses (121) (41)
Collateral (posted) received, net 11 (13)
Income taxes 43 (15)
Pension and non-pension postretirement benefit contributions (68) (39)
Other assets and liabilities (236) (166)
Net cash flows provided by operating activities 667 602
Cash flows from investing activities    
Capital expenditures (961) (1,026)
Other investing activities 17 17
Net cash flows used in investing activities (944) (1,009)
Cash flows from financing activities    
Changes in short-term borrowings 303 320
Issuance of long-term debt 400 800
Retirement of long-term debt (300) (700)
Contributions from parent 124 225
Dividends paid on common stock (254) (229)
Other financing activities (10) (10)
Net cash flows provided by (used in) financing activities 263 406
Increase (Decrease) in cash, cash equivalents and restricted cash (14) (1)
Cash, cash equivalents and restricted cash at beginning of period 330 144
Cash, cash equivalents and restricted cash at end of period 316 143
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid (77) (22)
PECO Energy Co [Member]    
Cash flows from operating activities    
Net income 270 210
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 164 149
Deferred income taxes and amortization of investment tax credits 8 (10)
Other non-cash operating activities 15 22
Changes in assets and liabilities:    
Accounts receivable 39 (43)
Receivables from and payables to affiliates, net (4) (4)
Inventories 12 4
Accounts payable and accrued expenses (31) (18)
Income taxes (11) 19
Pension and non-pension postretirement benefit contributions (27) (25)
Other assets and liabilities (117) (50)
Net cash flows provided by operating activities 318 254
Cash flows from investing activities    
Capital expenditures (447) (411)
Other investing activities 4 5
Net cash flows used in investing activities (443) (406)
Cash flows from financing activities    
Changes in short-term borrowings 0 50
Issuance of long-term debt 0 375
Retirement of long-term debt 0 (500)
Changes in Exelon/PHI intercompany money pool 52 233
Contributions from parent 145 41
Dividends paid on common stock (180) (293)
Other financing activities (1) (6)
Net cash flows provided by (used in) financing activities 16 (100)
Increase (Decrease) in cash, cash equivalents and restricted cash (109) (252)
Cash, cash equivalents and restricted cash at beginning of period 135 275
Cash, cash equivalents and restricted cash at end of period 26 23
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid 33 (17)
Baltimore Gas and Electric Company [Member]    
Cash flows from operating activities    
Net income 206 179
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 252 248
Deferred income taxes and amortization of investment tax credits 47 39
Other non-cash operating activities 41 27
Changes in assets and liabilities:    
Accounts receivable 85 73
Receivables from and payables to affiliates, net (14) (4)
Inventories 5 5
Accounts payable and accrued expenses (73) (48)
Collateral (posted) received, net (5) 0
Income taxes (29) (45)
Pension and non-pension postretirement benefit contributions (42) (49)
Other assets and liabilities (21) 39
Net cash flows provided by operating activities 452 464
Cash flows from investing activities    
Capital expenditures (542) (434)
Other investing activities 4 6
Net cash flows used in investing activities (538) (428)
Cash flows from financing activities    
Changes in short-term borrowings 194 59
Dividends paid on common stock (112) (105)
Net cash flows provided by (used in) financing activities 82 (46)
Increase (Decrease) in cash, cash equivalents and restricted cash (4) (10)
Cash, cash equivalents and restricted cash at beginning of period 13 18
Cash, cash equivalents and restricted cash at end of period 9 8
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid 24 10
Pepco Holdings LLC [Member]    
Cash flows from operating activities    
Net income 223 149
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 369 363
Deferred income taxes and amortization of investment tax credits 2 14
Other non-cash operating activities 54 71
Changes in assets and liabilities:    
Accounts receivable (34) (28)
Receivables from and payables to affiliates, net (8) 4
Inventories (25) 8
Accounts payable and accrued expenses (25) 66
Income taxes (12) 13
Pension and non-pension postretirement benefit contributions (11) (62)
Other assets and liabilities (114) (111)
Net cash flows provided by operating activities 419 487
Cash flows from investing activities    
Capital expenditures (698) (629)
Other investing activities 2 2
Net cash flows used in investing activities (696) (627)
Cash flows from financing activities    
Changes in short-term borrowings (27) (228)
Proceeds from short-term borrowings with maturities greater than 90 days 0 125
Repayments on short-term borrowings with maturities greater than 90 days (125) 0
Issuance of long-term debt 410 300
Retirement of long-term debt (125) (25)
Changes in Exelon/PHI intercompany money pool 3 7
Distributions to member (216) (109)
Contributions from member 283 235
Other financing activities (4) (7)
Net cash flows provided by (used in) financing activities 199 298
Increase (Decrease) in cash, cash equivalents and restricted cash (78) 158
Cash, cash equivalents and restricted cash at beginning of period 186 95
Cash, cash equivalents and restricted cash at end of period 108 253
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid (74) 61
Potomac Electric Power Company [Member]    
Cash flows from operating activities    
Net income 119 85
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 186 188
Deferred income taxes and amortization of investment tax credits 10 (8)
Other non-cash operating activities 8 24
Changes in assets and liabilities:    
Accounts receivable (36) (31)
Receivables from and payables to affiliates, net 4 (11)
Inventories (20) 2
Accounts payable and accrued expenses (25) 77
Income taxes (23) 3
Pension and non-pension postretirement benefit contributions (6) (11)
Other assets and liabilities (40) (91)
Net cash flows provided by operating activities 177 227
Cash flows from investing activities    
Capital expenditures (298) (287)
Changes in Exelon/PHI intercompany money pool (38) 0
Other investing activities 1 2
Net cash flows used in investing activities (335) (285)
Cash flows from financing activities    
Changes in short-term borrowings (40) (26)
Issuance of long-term debt 260 100
Retirement of long-term debt (117) (7)
Contributions from parent 129 85
Dividends paid on common stock (72) (50)
Other financing activities (3) (4)
Net cash flows provided by (used in) financing activities 157 98
Increase (Decrease) in cash, cash equivalents and restricted cash (1) 40
Cash, cash equivalents and restricted cash at beginning of period 53 40
Cash, cash equivalents and restricted cash at end of period 52 80
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid (18) 28
Delmarva Power and Light Company [Member]    
Cash flows from operating activities    
Net income 83 57
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 91 88
Deferred income taxes and amortization of investment tax credits (5) 9
Other non-cash operating activities 11 14
Changes in assets and liabilities:    
Accounts receivable 15 18
Receivables from and payables to affiliates, net (11) (22)
Inventories (3) 4
Accounts payable and accrued expenses 6 10
Income taxes 11 16
Pension and non-pension postretirement benefit contributions (1) 0
Other assets and liabilities (26) 22
Net cash flows provided by operating activities 171 216
Cash flows from investing activities    
Capital expenditures (160) (166)
Other investing activities 1 1
Net cash flows used in investing activities (159) (165)
Cash flows from financing activities    
Changes in short-term borrowings 0 (216)
Issuance of long-term debt 0 200
Retirement of long-term debt 0 (4)
Changes in Exelon/PHI intercompany money pool 38 0
Contributions from parent 0 150
Dividends paid on common stock (70) (40)
Other financing activities 0 (2)
Net cash flows provided by (used in) financing activities (32) 88
Increase (Decrease) in cash, cash equivalents and restricted cash (20) 139
Cash, cash equivalents and restricted cash at beginning of period 24 2
Cash, cash equivalents and restricted cash at end of period 4 141
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid (17) 17
Atlantic City Electric Company [Member]    
Cash flows from operating activities    
Net income 24 15
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization 71 69
Deferred income taxes and amortization of investment tax credits 2 6
Other non-cash operating activities 7 12
Changes in assets and liabilities:    
Accounts receivable (11) (13)
Receivables from and payables to affiliates, net (9) (4)
Inventories (1) 4
Accounts payable and accrued expenses 16 14
Income taxes 6 3
Pension and non-pension postretirement benefit contributions 0 (6)
Other assets and liabilities (44) (33)
Net cash flows provided by operating activities 61 67
Cash flows from investing activities    
Capital expenditures (227) (170)
Other investing activities 0 (2)
Net cash flows used in investing activities (227) (172)
Cash flows from financing activities    
Changes in short-term borrowings 13 14
Proceeds from short-term borrowings with maturities greater than 90 days 0 125
Repayments on short-term borrowings with maturities greater than 90 days (125) 0
Issuance of long-term debt 150 0
Retirement of long-term debt (9) (15)
Contributions from parent 155 0
Dividends paid on common stock (24) (19)
Other financing activities (1) 0
Net cash flows provided by (used in) financing activities 159 105
Increase (Decrease) in cash, cash equivalents and restricted cash (7) 0
Cash, cash equivalents and restricted cash at beginning of period 30 31
Cash, cash equivalents and restricted cash at end of period 23 31
Supplemental Cash Flow Information    
Increase (Decrease) in capital expenditures not paid $ (35) $ 14