ComEd 2010 Annual Report Download - page 36

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Consolidated Statements of Cash Flows
Exelon Corporation and Subsidiary Companies
34
For the years ended Dec. 31,
(Dollars in millions) 2010 2009 2008
Cash flows from operating activities
Net income $ 2,563 $ 2,707 $ 2,737
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion, including nuclear fuel amortization 2,943 2,601 2,308
Impairment of long-lived assets – 223 –
Deferred income taxes and amortization of investment tax credits 981 756 374
Net fair value changes related to derivatives (88) (95) (515)
Net realized and unrealized (gains) losses on nuclear decommissioning trust fund investments (105) (207) 363
Other non-cash operating activities 609 652 870
Changes in assets and liabilities:
Accounts receivable (232) 234 67
Inventories (62) 51 (109)
Accounts payable, accrued expenses and other current liabilities 472 (254) (44)
Option premiums paid, net (124) (40) (124)
Counterparty collateral received (posted), net (155) 196 1,027
Income taxes (543) (29) (38)
Pension and non-pension postretirement benefit contributions (959) (588) (230)
Other assets and liabilities (56) (113) (135)
Net cash flows provided by operating activities 5,244 6,094 6,551
Cash flows from investing activities
Capital expenditures (3,326) (3,273) (3,117)
Proceeds from nuclear decommissioning trust fund sales 3,764 4,292 10,657
Investment in nuclear decommissioning trust funds (3,907) (4,531) (10,942)
Acquisition of Exelon Wind (893) – –
Proceeds from sales of investments 28 41 –
Purchases of investments (22) (28) –
Change in restricted cash 423 35 29
Other investing activities 39 6 (5)
Net cash flows used in investing activities (3,894) (3,458) (3,378)