v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - PHI - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 2,044 $ 2,174
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 2,912 2,719
Gain (Loss) on Disposition of Property Plant Equipment 0 (1)
Asset disallowances, impairments and write-offs 232 0
Deferred income taxes and amortization of investment tax credits 564 293
Other non-cash operating activities 594 1,088
Changes in assets and liabilities:    
Accounts receivable 379 (422)
Inventories (96) (41)
Accounts payable and accrued expenses (1) 165
Collateral received, net 39 (25)
Income taxes (136) 19
Regulatory assets and liabilities, net (1,063) (390)
Pension and non-pension postretirement benefit contributions (370) (313)
Other assets and liabilities 306 (259)
Net cash flows provided by operating activities 5,404 5,010
Cash flows from investing activities    
Capital expenditures (6,799) (6,095)
Proceeds from sales of assets 0 2
Other investing activities 12 (7)
Net cash flows used in investing activities (6,787) (6,100)
Cash flows from financing activities    
Changes in short-term borrowings (178) (779)
Issuance of long-term debt 4,425 4,925
Retirement of long-term debt (1,600) (807)
Other financing activities (71) (75)
Net cash flows provided by financing activities 2,302 2,249
Increase (decrease) in cash, restricted cash, and cash equivalents 919 1,159
Cash, restricted cash, and cash equivalents at beginning of period 1,201 939
Cash, restricted cash, and cash equivalents at end of period 2,120 2,098
Supplemental cash flow information    
Decrease in capital expenditures not paid (4) (12)
Pepco Holdings LLC    
Cash flows from operating activities    
Net income 465 628
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 741 703
Gain (Loss) on Disposition of Property Plant Equipment 0 (1)
Asset disallowances, impairments and write-offs 195 0
Deferred income taxes and amortization of investment tax credits 78 93
Other non-cash operating activities 188 172
Changes in assets and liabilities:    
Accounts receivable (52) (28)
Receivables from and payables to affiliates, net (8) (17)
Inventories (20) (36)
Accounts payable and accrued expenses 28 21
Collateral received, net 38 1
Income taxes (2) (13)
Regulatory assets and liabilities, net (16) (88)
Pension and non-pension postretirement benefit contributions (59) (47)
Other assets and liabilities 43 (20)
Net cash flows provided by operating activities 1,619 1,368
Cash flows from investing activities    
Capital expenditures (1,521) (1,552)
Proceeds from sales of assets 0 2
Other investing activities 5 0
Net cash flows used in investing activities (1,516) (1,550)
Cash flows from financing activities    
Changes in short-term borrowings (612) (364)
Issuance of long-term debt 550 500
Changes in Exelon intercompany money pool 16 1
Distributions to member (410) (548)
Contributions from member 486 569
Other financing activities (21) (19)
Net cash flows provided by financing activities 9 139
Increase (decrease) in cash, restricted cash, and cash equivalents 112 (43)
Cash, restricted cash, and cash equivalents at beginning of period 141 163
Cash, restricted cash, and cash equivalents at end of period 253 120
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (132) $ (92)