v3.25.2
Statements of Cash Flows (Unaudited) - Pepco - 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 and amortization 1,806 1,774
Loss on sales of assets 0 9
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)
Proceeds from sales of assets 2 0
Net cash flows used in investing activities (3,962) (3,467)
Cash flows from financing activities    
Changes in short-term borrowings (750) (670)
Issuance of long-term debt 3,800 4,225
Retirement of long-term debt (807) (903)
Dividends paid on common stock (808) (761)
Other financing activities (56) (67)
Net cash flows provided by financing activities 1,563 1,447
Decrease 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 in capital expenditures not paid (100) (74)
Potomac Electric Power Company    
Cash flows from operating activities    
Net income 181 183
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 212 205
Deferred income taxes and amortization of investment tax credits 14 10
Other non-cash operating activities 46 (23)
Changes in assets and liabilities:    
Accounts receivable (73) (30)
Receivables from and payables to affiliates, net 0 7
Inventories (18) (12)
Accounts payable and accrued expenses 17 47
Collateral received, net 2 0
Income taxes (38) (45)
Regulatory assets and liabilities, net (27) (48)
Pension and non-pension postretirement benefit contributions (6) (5)
Other assets and liabilities 6 (34)
Net cash flows provided by operating activities 316 255
Cash flows from investing activities    
Capital expenditures (469) (454)
Proceeds from sales of assets 2 0
Changes in PHI intercompany money pool 0 (57)
Net cash flows used in investing activities (467) (511)
Cash flows from financing activities    
Changes in short-term borrowings (51) (132)
Issuance of long-term debt 200 675
Retirement of long-term debt 0 (400)
Dividends paid on common stock (158) (153)
Contributions from parent 157 251
Other financing activities (4) (17)
Net cash flows provided by financing activities 144 224
Decrease in cash, restricted cash, and cash equivalents (7) (32)
Cash, restricted cash, and cash equivalents at beginning of period 51 72
Cash, restricted cash, and cash equivalents at end of period 44 40
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (64) $ (18)