v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - PHI - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 1,315 $ 1,300
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 1,921 1,806
Deferred income taxes and amortization of investment tax credits 432 165
Other non-cash operating activities 464 734
Changes in assets and liabilities:    
Accounts receivable 787 (460)
Inventories (29) (20)
Accounts payable and accrued expenses (210) (38)
Collateral (paid) received, net 72 14
Income taxes (140) (3)
Regulatory assets and liabilities, net (874) (294)
Pension and non-pension postretirement benefit contributions (356) (302)
Other assets and liabilities 287 (194)
Net cash flows provided by operating activities 3,669 2,711
Cash flows from investing activities    
Capital expenditures (4,558) (3,959)
Proceeds from sales of assets 0 2
Other investing activities (2) (5)
Net cash flows used in investing activities (4,560) (3,962)
Cash flows from financing activities    
Changes in short-term borrowings 131 (750)
Issuance of long-term debt 3,600 3,800
Retirement of long-term debt (1,600) (807)
Other financing activities (57) (56)
Net cash flows provided by financing activities 2,120 1,563
Decrease in cash, restricted cash, and cash equivalents 1,229 312
Cash, restricted cash, and cash equivalents at beginning of period 1,201 939
Cash, restricted cash, and cash equivalents at end of period 2,430 1,251
Supplemental cash flow information    
Decrease in capital expenditures not paid (253) (100)
Pepco Holdings LLC    
Cash flows from operating activities    
Net income 278 337
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 491 467
Deferred income taxes and amortization of investment tax credits 100 47
Other non-cash operating activities 150 128
Changes in assets and liabilities:    
Accounts receivable 20 (80)
Receivables from and payables to affiliates, net (1) (14)
Inventories (16) (37)
Accounts payable and accrued expenses 27 39
Collateral (paid) received, net (6) 8
Income taxes (37) (34)
Regulatory assets and liabilities, net 9 (76)
Pension and non-pension postretirement benefit contributions (56) (45)
Other assets and liabilities (9) (39)
Net cash flows provided by operating activities 950 701
Cash flows from investing activities    
Capital expenditures (1,062) (1,108)
Proceeds from sales of assets 0 2
Other investing activities 1 0
Net cash flows used in investing activities (1,061) (1,106)
Cash flows from financing activities    
Changes in short-term borrowings (580) (300)
Issuance of long-term debt 475 425
Changes in Exelon intercompany money pool 12 (3)
Distributions to member (247) (292)
Contributions from member 406 522
Other financing activities (13) (13)
Net cash flows provided by financing activities 53 339
Decrease in cash, restricted cash, and cash equivalents (58) (66)
Cash, restricted cash, and cash equivalents at beginning of period 141 163
Cash, restricted cash, and cash equivalents at end of period 83 97
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (157) $ (137)