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Consolidated฀Statements฀of฀Cash฀Flows
Exelon฀Corporation฀and฀Subsidiary฀Companies
34
฀฀For฀the฀Years฀Ended฀December฀31,
(in฀millions)฀ ฀ ฀ 2009฀ 2008฀฀ 2007
Cash฀ows฀from฀operating฀activities฀ ฀฀ ฀฀ ฀
Net฀income฀ $฀ 2,707฀ $฀ 2,737฀ $฀ 2,736
Adjustments฀to฀reconcile฀net฀income฀to฀net฀cash฀ows฀provided฀by฀operating฀activities:฀ ฀฀ ฀฀ ฀
฀ Depreciation,฀amortization฀and฀accretion,฀including฀nuclear฀fuel฀amortization฀ ฀ 2,601฀฀2,308฀฀2,183
฀ Impairment฀of฀long-lived฀assets฀ ฀ 223฀฀ –฀฀ –
Deferred฀income฀taxes฀and฀amortization฀of฀investment฀tax฀credits฀ ฀ 756฀฀ 374฀฀ (104)
Net฀fair฀value฀changes฀related฀to฀derivatives฀ ฀ (95)฀฀ (515)฀฀ 102
Net฀realized฀and฀unrealized฀(gains)฀losses฀on฀nuclear฀decommissioning฀trust฀fund฀investments฀ ฀ (207)฀฀ 363฀฀ (70)
฀ Other฀non-cash฀operating฀activities฀฀ ฀ 652฀฀ 870฀฀ 734
฀ Changes฀in฀assets฀and฀liabilities:฀ ฀฀ ฀฀ ฀
฀฀Accounts฀receivable฀ ฀ 234฀฀ 67฀฀ (585)
฀฀Inventories฀ ฀ 51฀฀ (109)฀฀ 9
฀฀Accounts฀payable,฀accrued฀expenses฀and฀other฀current฀liabilities฀ ฀ (254)฀฀ (44)฀฀ 146
฀฀Option฀premiums฀(paid)฀received,฀net฀ ฀ (40)฀฀ (124)฀฀ 27
฀฀Counterparty฀collateral฀received฀(posted),฀net฀ ฀ 196฀฀1,027฀฀ (516)
฀฀Income฀taxes฀ ฀ (29)฀฀ (38)฀฀ 160
฀฀Pension฀and฀non-pension฀postretirement฀benet฀contributions฀ ฀ (588)฀฀ (230)฀฀ (204)
฀฀Other฀assets฀and฀liabilities฀ ฀ (113)฀฀ (135)฀฀ (122)
Net฀cash฀ows฀provided฀by฀operating฀activities฀ ฀ 6,094฀฀6,551฀฀4,496
Cash฀ows฀from฀investing฀activities฀ ฀฀ ฀฀ ฀
฀ Capital฀expenditures฀ ฀ (3,273)฀฀ (3,117)฀฀(2,674)
฀ Proceeds฀from฀nuclear฀decommissioning฀trust฀fund฀sales฀ ฀ 22,905฀฀17,202฀฀ 7,312
฀ Investment฀in฀nuclear฀decommissioning฀trust฀funds฀ ฀ (23,144)฀฀(17,487)฀฀(7,527)
฀ Proceeds฀from฀sales฀of฀investments฀ ฀ 41฀฀ –฀฀ 95
฀ Purchases฀of฀investments฀ ฀ (28)฀฀ –฀฀ –
฀ Change฀in฀restricted฀cash฀ ฀ 35฀฀ 29฀฀ (45)
฀ Other฀investing฀activities฀ ฀ 6฀฀ (5)฀฀ (70)
Net฀cash฀ows฀used฀in฀investing฀activities฀ ฀ (3,458)฀฀(3,378)฀฀(2,909)