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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) [1] $ 1,486 $ 2,017
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 874 843
Amortization of Nuclear Fuel 145 144
Provision for Deferred Income Taxes and ITC 283 293
Non-Cash Employee Benefit Plan (Credits) Costs 56 357
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 76 (1,041)
Cost of Removal (137) (121)
Energy Efficiency Program Regulatory Investment Expenditures (393) (335)
Amortization of Energy Efficiency Program Expenditures 90 58
Net Change in Other Regulatory Assets and Liabilities (81) 32
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (242) (107)
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable (138) 71
Prepayments (134) (204)
Cash Collateral (3) 1,175
Obligation to Return Cash Collateral 4 (197)
Other Current Assets and Liabilities (96) 137
Employee Benefit Plan Funding and Related Payments (41) (31)
Other 17 5
Net Cash Provided By (Used In) Operating Activities 1,766 3,096
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (2,402) (2,360)
Proceeds from Sale of Trust Investments 1,256 998
Purchases of Trust Investments (1,294) (1,025)
Proceeds from Equity Method Investment, Distribution, Return of Capital 0 291
Proceeds from Sales of Long-Lived Assets and Lease Investments 0 20
Other 77 46
Net Cash Provided By (Used In) Investing Activities (2,363) (2,030)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans 98 (5)
Proceeds from Short-Term Loan 0 750
Payments of Short-term Debt (500) (2,250)
Issuance of Long-term Debt 3,350 1,800
Repayments of Long-term Debt (1,250) (825)
Cash Dividends Paid on Common Stock (897) (853)
Other (75) (94)
Net Cash Provided By (Used In) Financing Activities 726 (1,477)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 129 (411)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 99 511
Cash, Cash Equivalents and Restricted Cash at End of Period 228 100
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 27 97
Interest Paid, Net of Amounts Capitalized 565 501
Accrued Property, Plant and Equipment Expenditures 508 425
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) 1,169 1,224
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 758 728
Provision for Deferred Income Taxes and ITC 297 129
Non-Cash Employee Benefit Plan (Credits) Costs 31 6
Cost of Removal (137) (121)
Energy Efficiency Program Regulatory Investment Expenditures (393) (335)
Amortization of Energy Efficiency Program Expenditures 90 58
Net Change in Other Regulatory Assets and Liabilities (81) 32
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 31 177
Fuel, Materials and Supplies (124) (130)
Prepayments (82) (154)
Accounts Payable (51) (20)
Accounts Receivable/Payable-Affiliated Companies, net (231) (334)
Obligation to Return Cash Collateral 4 (197)
Other Current Assets and Liabilities (90) (42)
Employee Benefit Plan Funding and Related Payments (26) (17)
Other (46) (52)
Net Cash Provided By (Used In) Operating Activities 1,119 952
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (2,157) (2,149)
Proceeds from Sale of Trust Investments 4 4
Purchases of Trust Investments (3) (3)
Other 22 16
Net Cash Provided By (Used In) Investing Activities (2,134) (2,132)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (425) 100
Issuance of Long-term Debt 2,100 1,800
Repayments of Long-term Debt (500) (825)
Cash Dividends Paid on Common Stock   (75)
Other (25) (17)
Net Cash Provided By (Used In) Financing Activities 1,150 983
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 135 (197)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 75 266
Cash, Cash Equivalents and Restricted Cash at End of Period 210 69
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 39 111
Interest Paid, Net of Amounts Capitalized 413 339
Accrued Property, Plant and Equipment Expenditures $ 378 $ 369
[1] Includes net after-tax gains (losses) of $17 million and $(17) million for the three months and $(55) million and $750 million for the nine months ended September 30, 2024 and 2023, respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.