v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - ACE - 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)
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
Repayments 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)
Atlantic City Electric Company    
Cash flows from operating activities    
Net income 56 50
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 127 146
Deferred income taxes and amortization of investment tax credits 13 12
Other non-cash operating activities 33 30
Changes in assets and liabilities:    
Accounts receivable (18) (50)
Receivables from and payables to affiliates, net (4) (2)
Inventories (9) (3)
Accounts payable and accrued expenses 37 26
Collateral received, net 4 2
Income taxes (2) (10)
Regulatory assets and liabilities, net (27) (51)
Pension and non-pension postretirement benefit contributions (2) (8)
Other assets and liabilities (49) (60)
Net cash flows provided by operating activities 159 82
Cash flows from investing activities    
Capital expenditures (196) (180)
Net cash flows used in investing activities (196) (180)
Cash flows from financing activities    
Changes in short-term borrowings (107) (199)
Issuance of long-term debt 100 75
Changes in PHI intercompany money pool 0 182
Dividends paid on common stock (44) (44)
Contributions from parent 94 81
Other financing activities (3) (3)
Net cash flows provided by financing activities 40 92
Decrease in cash, restricted cash, and cash equivalents 3 (6)
Cash, restricted cash, and cash equivalents at beginning of period 14 21
Cash, restricted cash, and cash equivalents at end of period 17 15
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (28) $ (5)