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Statements of Cash Flows - Pepco - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 2,460 $ 2,328 $ 2,171
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 3,596 3,506 3,533
Deferred income taxes and amortization of investment tax credits 128 319 255
Other non-cash operating activities 592 (335) 370
Changes in assets and liabilities:      
Accounts receivable (644) (37) (1,222)
Inventories (56) (45) (121)
Accounts payable and accrued expenses (37) (191) 1,318
Collateral (paid) received, net 33 (146) 1,248
Income taxes (4) 48 (4)
Regulatory assets and liabilities, net (50) (439) (1,326)
Pension and non-pension postretirement benefit contributions (180) (129) (616)
Other assets and liabilities (257) (188) (905)
Net cash flows provided by operating activities 5,569 4,703 4,870
Cash flows from investing activities      
Capital expenditures (7,097) (7,408) (7,147)
Proceeds from sales of assets and businesses 38 25 16
Other investing activities 17 8 0
Net cash flows used in investing activities (7,042) (7,375) (6,990)
Cash flows from financing activities      
Changes in short-term borrowings (265) (313) 986
Issuance of long-term debt 4,974 5,825 6,309
Retirement of long-term debt (1,557) (1,713) (2,073)
Dividends paid on common stock (1,524) (1,433) (1,334)
Other financing activities (109) (114) (102)
Net cash flows provided by financing activities 1,311 2,683 1,591
(Decrease) increase in cash, restricted cash, and cash equivalents (162) 11 (529)
Cash, restricted cash, and cash equivalents at beginning of period 1,101 1,090 1,619
Cash, restricted cash, and cash equivalents at end of period 939 1,101 1,090
Supplemental cash flow information      
Increase (decrease) in capital expenditures not paid 301 (215) 36
Potomac Electric Power Company      
Cash flows from operating activities      
Net income 390 306 305
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 407 441 417
Loss (gain) on sales of assets 1 (9) 0
Deferred income taxes and amortization of investment tax credits 24 (15) (17)
Other non-cash operating activities 33 53 36
Changes in assets and liabilities:      
Accounts receivable (26) (29) (104)
Inventories (10) (24) (16)
Accounts payable and accrued expenses 67 6 24
Collateral (paid) received, net 0 (25) 24
Income taxes (30) 60 (19)
Regulatory assets and liabilities, net (85) (45) (69)
Pension and non-pension postretirement benefit contributions (9) (12) (11)
Other assets and liabilities (84) (5) (66)
Net cash flows provided by operating activities 684 699 471
Cash flows from investing activities      
Capital expenditures (929) (957) (874)
Proceeds from sales of assets and businesses 0 10 0
Other investing activities 0 8 3
Net cash flows used in investing activities (929) (939) (871)
Cash flows from financing activities      
Changes in short-term borrowings 68 (167) 124
Issuance of long-term debt 675 350 625
Retirement of long-term debt (400) 0 (310)
Dividends paid on common stock (359) (252) (463)
Contributions from parent 260 308 465
Other financing activities (20) (26) (10)
Net cash flows provided by financing activities 224 213 431
(Decrease) increase in cash, restricted cash, and cash equivalents (21) (27) 31
Cash, restricted cash, and cash equivalents at beginning of period 72 99 68
Cash, restricted cash, and cash equivalents at end of period 51 72 99
Supplemental cash flow information      
Increase (decrease) in capital expenditures not paid 30 (55) 65
Potomac Electric Power Company | Related Party      
Changes in assets and liabilities:      
Receivables from and payables to affiliates, net $ 6 $ (3) $ (33)