Exelon 2015 Annual Report Download - page 422

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
For the year ended December 31, 2015 Exelon Generation ComEd PECO BGE
Cash paid (refunded) during the year:
Interest (net of amount capitalized) $ 930 $ 348 $ 308 $ 94 $120
Income taxes (net of refunds) 342 476 (265) 64 73
Other non-cash operating activities:
Pension and non-pension postretirement benefit costs $ 637 $ 269 $ 206 $ 39 $ 65
Loss from equity method investments 7 8 — — —
Provision for uncollectible accounts 120 22 53 30 15
Provision for excess and obsolete inventory 10 9 1 — —
Stock-based compensation costs 97 — — — —
Other decommissioning-related activity (82) (82) — — —
Energy-related options 21 21 — — —
Amortization of regulatory asset related to debt costs 7 — 5 2 —
Amortization of rate stabilization deferral 73 — — — 73
Amortization of debt fair value adjustment (17) (17) — — —
Amortization of debt costs 58 15 4 2 2
Discrete impacts from EIMA 144 — 144 — —
Lower of cost or market inventory adjustment 23 23 — — —
Other 11 — 3 (3) (18)
Total other non-cash operating activities $1,109 $ 268 $ 416 $ 70 $137
Non-cash investing and financing activities:
Change in PPE related to ARO update $ 885 $ 885 $ — $— $—
Change in capital expenditures not paid 96 82 34 (13) (9)
Non-cash financing of capital projects 77 77 — — —
Nuclear fuel procurement 57 57 — — —
Indemnification of like-kind exchange position — — 7 — —
Long-term software licensing agreement 95 — — — —
(a) Includes the elimination of NDT fund activity for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment
income and income taxes related to all NDT fund activity for these units. See Note 16—Asset Retirement Obligations for additional information regarding the accounting for nuclear
decommissioning.
(b) Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded to results of operations.
(c) Reflects the change in distribution rates pursuant to EIMA, which allows for the recovery of costs by a utility through a pre-established performance-based formula rate tariff. See
Note 3—Regulatory Matters for more information.
(d) Relates to the nuclear fuel procurement contract for the purchase of fixed quantities of converted uranium, which was delivered to Generation in 2015. Generation is required to
make payments starting September 28, 2018, with the final payment being due no later than September 30, 2020.
(e) See Note 15—Income Taxes for discussion of the like-kind exchange tax position.
(f) Relates to a long-term software license agreement entered into on May 30, 2015. Exelon is required to make payments starting August of 2015 through May of 2024. See Note
14—Debt and Credit Agreements for additional information.
415
(a)
(b)
(c)
(d)
(e)
(f)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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