v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - ACE - 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)
Payment for (Proceeds from) Other Investing Activity (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
Repayments of Long-Term Debt (1,600) (807)
Dividends paid on common stock (860) (808)
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)
Atlantic City Electric Company    
Cash flows from operating activities    
Net income 49 56
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 128 127
Deferred income taxes and amortization of investment tax credits 35 13
Other non-cash operating activities 48 33
Changes in assets and liabilities:    
Accounts receivable (9) (18)
Receivables from and payables to affiliates, net 10 (4)
Inventories (4) (9)
Accounts payable and accrued expenses 6 37
Collateral (paid) received, net (5) 4
Income taxes (11) (2)
Regulatory assets and liabilities, net (2) (27)
Pension and non-pension postretirement benefit contributions (14) (2)
Other assets and liabilities (48) (49)
Net cash flows provided by operating activities 183 159
Cash flows from investing activities    
Capital expenditures (240) (196)
Payment for (Proceeds from) Other Investing Activity 1 0
Net cash flows used in investing activities (239) (196)
Cash flows from financing activities    
Changes in short-term borrowings (148) (107)
Issuance of long-term debt 100 100
Changes in PHI intercompany money pool 48 0
Dividends paid on common stock (40) (44)
Contributions from parent 91 94
Other financing activities (4) (3)
Net cash flows provided by financing activities 47 40
Decrease in cash, restricted cash, and cash equivalents (9) 3
Cash, restricted cash, and cash equivalents at beginning of period 24 14
Cash, restricted cash, and cash equivalents at end of period 15 17
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (28) $ (28)