Exelon 2015 Annual Report Download - page 424

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, 2013 Exelon Generation ComEd PECO BGE
Cash paid (refunded) during the year:
Interest (net of amount capitalized) $ 866 $ 291 $ 283 $ 95 $130
Income taxes (net of refunds) 112 (18) 33 70 42
Other non-cash operating activities:
Pension and non-pension postretirement benefit costs $ 825 $ 345 $ 308 $ 43 $ 56
Gain from equity method investments (10) (10) — — —
Provision for uncollectible accounts 101 10 (15) 61 44
Provision for excess and obsolete inventory 9 9 — — —
Stock-based compensation costs 120 — — — —
Other decommissioning-related activity (169) (169) — — —
Energy-related options 104 104 — — —
Amortization of regulatory asset related to debt costs 12 — 9 3 —
Amortization of rate stabilization deferral 66 — — — 66
Amortization of debt fair value adjustment (34) (34) — — —
Discrete impacts from EIMA (271) — (271) — —
Amortization of debt costs 18 10 1 2 2
Other (53) 5 (4) (1) (15)
Total other non-cash operating activities $ 718 $ 270 $ 28 $108 $153
Non-cash investing and financing activities:
Change in PPE related to ARO update $ (128) $ (128) $ — $— $ 4
Change in capital expenditures not paid (38) (107) (8) 13 (48)
Consolidated VIE dividend to noncontrolling interest 63 63 — — —
Indemnification of like-kind exchange position — — 176 — —
(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 pre-established performance-based formula rate tariff. See
Note 3—Regulatory Matters.
(d) Includes $55 million of changes in capital expenditures not paid between December 31, 2013 and 2012 related to Antelope Valley.
(e) See Note 15—Income Taxes for discussion of the like-kind exchanged tax position.
 For the year ended December 31, 2014, PECO has included in the capital
expenditures line item under investing activities of the cash flow statement capital expenditures of $2 million and reimbursements of $5 million
related to PECO’s DOE SGIG programs. For the year ended December 31, 2015, PECO had no capital expenditures or reimbursements, as the
DOE SGIG program was completed during 2014. For the year ended December 31, 2013, Exelon, PECO and BGE have included in the capital
expenditures line item under investing activities of the cash flow statement capital expenditures of $74 million, $27 million and $47 million, and
reimbursements of $95 million, $37 million and $58 million, related to PECO’s and BGE’s DOE SGIG programs. See Note 3—Regulatory Matters
for additional information regarding the DOE SGIG.
417
(a)
(b)
(c)
(d)
(e)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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