v3.25.2
Statements of Cash Flows (Unaudited) - BGE - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 1,300 $ 1,106
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 1,806 1,774
Deferred income taxes and amortization of investment tax credits 165 72
Other non-cash operating activities 734 246
Changes in assets and liabilities:    
Accounts receivable (460) (443)
Inventories (20) (25)
Accounts payable and accrued expenses (38) (120)
Collateral received, net 14 13
Income taxes (3) (39)
Regulatory assets and liabilities, net (294) 265
Pension and non-pension postretirement benefit contributions (302) (125)
Other assets and liabilities (194) (261)
Net cash flows provided by operating activities 2,711 2,454
Cash flows from investing activities    
Capital expenditures (3,959) (3,466)
Other investing activities (5) (1)
Net cash flows used in investing activities (3,962) (3,467)
Cash flows from financing activities    
Changes in short-term borrowings (750) (670)
Proceeds from short-term borrowings with maturities greater than 90 days 0 150
Repayments on short-term borrowings with maturities greater than 90 days 0 (549)
Issuance of long-term debt 3,800 4,225
Retirement of long-term debt (807) (903)
Issuance of common stock 173 0
Dividends paid on common stock (808) (761)
Proceeds from employee stock plans 11 22
Other financing activities (56) (67)
Net cash flows provided by financing activities 1,563 1,447
Increase in cash, restricted cash, and cash equivalents 312 434
Cash, restricted cash, and cash equivalents at beginning of period 939 1,101
Cash, restricted cash, and cash equivalents at end of period 1,251 1,535
Supplemental cash flow information    
(Decrease) increase in capital expenditures not paid (100) (74)
Baltimore Gas and Electric Company    
Cash flows from operating activities    
Net income 315 308
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 318 312
Deferred income taxes and amortization of investment tax credits 43 (4)
Other non-cash operating activities 89 15
Changes in assets and liabilities:    
Accounts receivable (21) (20)
Receivables from and payables to affiliates, net (11) 3
Inventories 8 3
Accounts payable and accrued expenses (43) 5
Collateral received, net 5 0
Income taxes 15 (43)
Regulatory assets and liabilities, net (61) (32)
Pension and non-pension postretirement benefit contributions (37) (30)
Other assets and liabilities 114 53
Net cash flows provided by operating activities 734 570
Cash flows from investing activities    
Capital expenditures (804) (668)
Other investing activities 5 9
Net cash flows used in investing activities (799) (659)
Cash flows from financing activities    
Changes in short-term borrowings (175) (336)
Issuance of long-term debt 650 800
Dividends paid on common stock (196) (184)
Contributions from parent 0 197
Other financing activities (7) (8)
Net cash flows provided by financing activities 272 469
Increase in cash, restricted cash, and cash equivalents 207 380
Cash, restricted cash, and cash equivalents at beginning of period 34 48
Cash, restricted cash, and cash equivalents at end of period 241 428
Supplemental cash flow information    
(Decrease) increase in capital expenditures not paid $ (50) $ 32