v3.26.3
Statements of Cash Flows (Unaudited) - Pepco - 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 on sales of assets 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
Payment for (Proceeds from) Other Investing Activity 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)
Dividends paid on common stock (1,294) (1,212)
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)
Potomac Electric Power Company    
Cash flows from operating activities    
Net income 173 337
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 343 322
Gain on sales of assets 0 (1)
Asset disallowances, impairments and write-offs 195 0
Deferred income taxes and amortization of investment tax credits (5) 34
Other non-cash operating activities 49 62
Changes in assets and liabilities:    
Accounts receivable (61) (58)
Receivables from and payables to affiliates, net (3) 0
Inventories (13) (11)
Accounts payable and accrued expenses 30 20
Collateral received, net 9 2
Income taxes 0 (27)
Regulatory assets and liabilities, net 14 (39)
Pension and non-pension postretirement benefit contributions (7) (7)
Other assets and liabilities 2 (5)
Net cash flows provided by operating activities 726 629
Cash flows from investing activities    
Capital expenditures (747) (690)
Proceeds from sales of assets 0 2
Changes in PHI intercompany money pool (24) 0
Payment for (Proceeds from) Other Investing Activity 3 0
Net cash flows used in investing activities (768) (688)
Cash flows from financing activities    
Changes in short-term borrowings (303) (137)
Issuance of long-term debt 300 275
Dividends paid on common stock (162) (267)
Contributions from parent 278 192
Other financing activities (8) (8)
Net cash flows provided by financing activities 105 55
Increase (decrease) in cash, restricted cash, and cash equivalents 63 (4)
Cash, restricted cash, and cash equivalents at beginning of period 55 51
Cash, restricted cash, and cash equivalents at end of period 118 47
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (61) $ (34)