Exelon 2015 Annual Report Download - page 221

Table of Contents
Commonwealth Edison Company and Subsidiary Companies
Consolidated Statements of Cash Flows
For the Years Ended
(In millions) 2015 2014 2013
Cash flows from operating activities
Net income $ 426 $ 408 $ 249
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion 707 687 669
Deferred income taxes and amortization of investment tax credits 353 433 (57)
Other non-cash operating activities 416 255 28
Changes in assets and liabilities:
Accounts receivable (93) (121) (12)
Receivables from and payables to affiliates, net (19) (11) (12)
Inventories (40) (16) (18)
Accounts payable and accrued expenses 68 95 91
Counterparty collateral received (posted), net and cash deposits (33) 2 53
Income taxes 192 (159) 178
Pension and non-pension postretirement benefit contributions (150) (248) (122)
Other assets and liabilities 69 1 171
Net cash flows provided by operating activities 1,896 1,326 1,218
Cash flows from investing activities
Capital expenditures (2,398) (1,689) (1,433)
Proceeds from sales of investments — 7 7
Purchases of investments — (3) (4)
Change in restricted cash 2 (2) (2)
Other investing activities 34 32 45
Net cash flows used in investing activities (2,362) (1,655) (1,387)
Cash flows from financing activities
Changes in short-term borrowings (10) 120 184
Issuance of long-term debt 850 900 350
Retirement of long-term debt (260) (617) (252)
Contributions from parent 202 273 —
Dividends paid on common stock (299) (307) (220)
Other financing activities (16) (10) (1)
Net cash flows provided by financing activities 467 359 61
Increase (decrease) in cash and cash equivalents 1 30 (108)
Cash and cash equivalents at beginning of period 66 36 144
Cash and cash equivalents at end of period $ 67 $ 66 $ 36
See the Combined Notes to Consolidated Financial Statements
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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