Exelon 2015 Annual Report Download - page 215

Table of Contents
Exelon Generation Company, LLC and Subsidiary Companies
Consolidated Statements of Cash Flows
For the Years Ended
December 31,
(In millions) 2015 2014 2013
Cash flows from operating activities
Net income $ 1,340 $ 1,019 $ 1,060
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization 2,589 2,519 2,559
Impairment of long-lived assets 12 663 157
Gain on consolidation and acquisition of businesses — (296) —
Gain on sales of assets (12) (437) (13)
Deferred income taxes and amortization of investment tax credits 49 (198) 315
Net fair value changes related to derivatives (249) 635 (448)
Net realized and unrealized losses (gains) on nuclear decommissioning trust fund investments 131 (210) (170)
Other non-cash operating activities 268 346 270
Changes in assets and liabilities:
Accounts receivable 194 (215) 109
Receivables from and payables to affiliates, net 15 15 2
Inventories 16 (359) (88)
Accounts payable and accrued expenses (149) 29 (160)
Option premiums received (paid), net 58 38 (36)
Collateral received (posted), net 407 (1,748) 162
Income taxes (18) 265 402
Pension and non-pension postretirement benefit contributions (245) (297) (149)
Other assets and liabilities (207) 57 (85)
Net cash flows provided by operating activities 4,199 1,826 3,887
Cash flows from investing activities
Capital expenditures (3,841) (3,012) (2,752)
Proceeds from nuclear decommissioning trust fund sales 6,895 7,396 4,217
Investment in nuclear decommissioning trust funds (7,147) (7,551) (4,450)
Cash and restricted cash acquired from consolidations and acquisitions — 140 —
Proceeds from sales of long-lived assets 147 1,719 32
Acquisitions of businesses (40) (386) —
Change in restricted cash 35 (87) (64)
Changes in Exelon intercompany money pool — 44 (44)
Distribution from CENG — 13 115
Other investing activities (118) (43) 30
Net cash flows used in investing activities (4,069) (1,767) (2,916)
Cash flows from financing activities
Change in short-term borrowings — 17 13
Issuance of long-term debt 1,309 1,112 854
Retirement of long-term debt (89) (586) (570)
Retirement of long-term debt to affiliate (550) — —
Changes in Exelon intercompany money pool 1,252 — —
Distribution to member (2,474) (645) (625)
Distribution to noncontrolling interest of consolidated VIE — (421) —
Contribution from member 47 53 26
Other financing activities 26 (67) (82)
Net cash flows used in financing activities (479) (537) (384)
Increase (decrease) in cash and cash equivalents (349) (478) 587
Cash and cash equivalents at beginning of period 780 1,258 671
Cash and cash equivalents at end of period $ 431 $ 780 $ 1,258
See the Combined Notes to Consolidated Financial Statements
208
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.