ComEd 2013 Annual Report Download - page 250

For the Years Ended
December 31,
2013 2012 2011
Cash paid (refunded) during the year:
Interest(net ofamount capitalized) .................................................................. $866 $ 761$ 649
Incometaxes(net ofrefunds) ....................................................................... 112 (171) (457)
Other non-cash operating activities:
Pension andnon-pension postretirement benefitcosts .................................................. $825$820 $542
(Earnings) loss inequitymethodinvestments.......................................................... (10)91—
Provision for uncollectible accounts .................................................................. 101 164 121
Provision for excess andobsolete inventory ........................................................... 9 6 —
Stock-basedcompensation costs.................................................................... 120 94 67
Other decommissioning-relatedactivity(a)............................................................. (169) (145) 16
Energy-relatedoptions(b) ........................................................................... 104160137
Amortization ofregulatoryasset relatedto debtcosts ................................................... 12 1821
Amortization ofrate stabilization deferral .............................................................. 66 57 —
Deferral ofstormcosts ............................................................................ — — —
Uncollectible accountsrecovery, net ................................................................. — — 14
Discrete impactsfrom2010 Rate CaseOrder (g) ........................................................ — — (32)
Bargain purchasegain relatedto WolfHollowAcquisition ................................................ — — (36)
Amortization ofdebtfairvalue adjustment ............................................................. (34) (34) —
Merger-relatedcommitments(d) ..................................................................... — 141—
Severancecosts.................................................................................. — 99 —
Discrete impactsfrom EIMA........................................................................ (271) (96) (82)(h)
Amortization ofdebtcosts .......................................................................... 1819—
Impairment ofinvestmentsindirectfinancingleases(e).................................................. 14——
Impairment charges(f) ............................................................................. 149 — —
Other ........................................................................................... (58) (11)2
Total other non-cash operatingactivities .............................................................. $876 $1,383$770
Changes in other assets and liabilities:
Under/over-recoveredenergy andtransmission costs................................................... $ 12 $71$ (45)
Other regulatoryassetsandliabilities ................................................................ (64) (404) —
Other current assets .............................................................................. (165) 213 (101)
Other noncurrent assetsandliabilities................................................................ 322 (248) 122
Total changesinother assetsandliabilities ........................................................... $105$(368) $ (24)
Non-cash investing and financing activities:
ChangeinARC .................................................................................. $(128) $ 781$186
Changeincapital expendituresnot paid .............................................................. (38) 16096
Consolidated VIE dividendto non-controllinginterest................................................... 63——
Merger withConstellation,common stock issued....................................................... — 7,365 —
(a)Includestheelimination of NDT fundactivityfor theRegulatoryAgreement Units, includingtheelimination ofoperatingrevenues, AROaccretion,ARCamortization,
investment incomeandincometaxesrelatedto all NDT fundactivityfor theseunits. See Note 15—Asset Retirement Obligationsfor additional information regarding
theaccountingfor nuclear decommissioning.
(b) Includesoption premiums reclassifiedto realizedat thesettlement oftheunderlyingcontractsandrecordedto resultsofoperations.
(c) Reflectsthechangeindistribution ratespursuant to EIMA, which allows for therecoveryofcostsbyautilitythrough a pre-establishedperformance-basedformula
rate tariff. See Note 3—RegulatoryMattersfor more information.
(d) Relatesto integration coststo achievedistribution synergiesrelatedto themerger transaction.See Note 3—RegulatoryMattersfor more information.
(e)Relatesto an other than temporarydecline intheestimatedresidual value ofone ofExelon’s directfinancingleases. See Note 8—Impairment ofLong-LivedAssets
for more information.
(f) Relatesto thecancellation ofuprate projectsandwrite downofcertainwindprojectsat Generation.See Note 8—Impairment ofLong-LivedAssetsfor more
information.
(g) InMay2011,asaresult ofthe 2010 Rate Caseorder,ComEd recordedone-timebenefitsto reestablish previouslyexpensedplant balancesandto recover
previouslyincurredcostsrelatedto Exelon’s 2009restructuringplan.See Note 3—RegulatoryMattersfor more information.
(h) Includestheestablishment ofaregulatoryasset,pursuant to EIMA,for the 2011 annual reconciliation inComEd’s distribution formula rate tariff andthedeferral of
costsassociatedwith significant 2011 storms, partiallyoffset by an accrual to fundanew ScienceandTechnology Innovation Trust.See Note 3—RegulatoryMatters
for more information.
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