← EXELON CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $1.1b | $3.8b | $2.0b | $2.9b | $2.0b | $1.7b | $2.2b | $2.3b | $2.5b | $2.8b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $2.1b | $2.3b | $2.5b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $117.0m | $0 | $0 | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $70.0m | — | — | — | ($9.0m) | $123.0m | $1.0m | $0 | $0 | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.2b | $3.8b | $2.1b | $3.0b | $2.0b | $1.8b | $2.2b | $2.3b | $2.5b | $2.8b | |
| Amortization of Debt Issuance Costs | $35.0m | $64.0m | $36.0m | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $87.0m | $92.0m | ($109.0m) | ($28.0m) | ($17.0m) | ($3.0m) | ($182.0m) | $1.0m | $1.0m | $2.0m | |
| Capitalized Computer Software, Amortization | $255.0m | $270.0m | $282.0m | — | — | — | — | — | — | — | |
| Deferred income taxes and amortization of investment tax credits | $664.0m | ($361.0m) | ($106.0m) | $681.0m | $309.0m | $18.0m | $255.0m | $319.0m | $128.0m | $391.0m | |
| Depreciation | $3.5b | $3.3b | $3.7b | $3.7b | $4.4b | $5.4b | $2.7b | $2.8b | $2.9b | $3.0b | |
| Depreciation, Depletion and Amortization | $3.9b | $3.8b | $4.4b | $4.3b | $5.0b | $6.0b | $3.3b | $2.8b | $2.9b | $3.0b | |
| Depreciation, amortization, and accretion | $5.6b | $5.4b | $6.0b | $5.8b | $6.5b | $7.6b | $3.5b | $3.5b | $3.6b | $3.6b | |
| Other Depreciation and Amortization | $3.9b | $3.8b | $4.4b | — | — | — | — | — | — | — | |
| Depreciation, Amortization and Accretion, Net | $5.6b | $5.4b | $6.0b | $5.8b | $6.5b | $7.6b | $3.5b | $3.5b | $3.6b | $3.6b | |
| Asset impairments | $306.0m | $573.0m | $50.0m | $201.0m | $591.0m | $552.0m | $48.0m | $0 | $0 | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | $56.0m | $27.0m | $24.0m | $201.0m | $8.0m | $10.0m | $12.0m | $3.0m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $175.0m | $191.0m | $208.0m | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $111.0m | $88.0m | $75.0m | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($48.0m) | $3.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | ($48.0m) | $3.0m | $56.0m | $31.0m | $24.0m | $201.0m | ($2.0m) | $10.0m | $12.0m | $3.0m | |
| Income (Loss) from Equity Method Investments | ($24.0m) | ($32.0m) | ($28.0m) | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $761.0m | ($125.0m) | $120.0m | $774.0m | $373.0m | $370.0m | $349.0m | $374.0m | $207.0m | $523.0m | |
| Net unrealized losses (gains) on equity investments | — | — | — | $0 | ($186.0m) | $160.0m | $16.0m | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | $413.0m | $1.1b | ($112.0m) | $1.2b | $1.1b | $1.1b | $535.0m | $408.0m | $262.0m | $270.0m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $0 | — | ($28.0m) | ($183.0m) | ($6.0m) | ($9.0m) | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| (Decrease) Increase in PP&E Related to ARO Update | — | — | — | — | — | $642.0m | $332.0m | ($13.0m) | $16.0m | $13.0m | |
| Accounts payable and accrued expenses | $771.0m | ($390.0m) | $551.0m | ($425.0m) | ($129.0m) | $440.0m | $1.3b | ($191.0m) | ($37.0m) | $260.0m | |
| Accounts receivable | ($432.0m) | ($426.0m) | ($565.0m) | ($243.0m) | $697.0m | ($703.0m) | ($1.2b) | ($37.0m) | ($644.0m) | ($1.7b) | |
| Asset Retirement Obligation, Accretion Expense | $446.0m | $468.0m | $489.0m | $491.0m | $500.0m | $514.0m | $44.0m | — | $2.0m | $3.0m | |
| Changes in short-term borrowings | $240.0m | $621.0m | ($338.0m) | $781.0m | $161.0m | $269.0m | $986.0m | ($313.0m) | ($265.0m) | ($747.0m) | |
| Collateral received (paid), net | $931.0m | ($158.0m) | $82.0m | ($438.0m) | $494.0m | ($74.0m) | $1.2b | ($146.0m) | $33.0m | ($10.0m) | |
| Collection of DPP | — | — | $0 | $0 | $3.8b | $3.9b | $169.0m | $0 | $0 | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | — | $0 | $0 | — | |
| Deconsolidation, Gain (Loss), Amount | — | $213.0m | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $229.0m | $616.0m | ($303.0m) | $663.0m | $461.0m | $586.0m | ($205.0m) | $0 | $0 | — | |
| Gain on sales of assets and businesses | $48.0m | ($3.0m) | ($56.0m) | ($27.0m) | ($24.0m) | ($201.0m) | ($8.0m) | ($10.0m) | ($12.0m) | ($3.0m) | |
| Goodwill | $6.7b | $6.7b | $6.7b | $6.7b | $6.7b | $6.7b | $6.6b | $6.6b | $6.6b | $6.6b | |
| Income taxes | $576.0m | $299.0m | $340.0m | ($64.0m) | $140.0m | $327.0m | ($4.0m) | $48.0m | ($4.0m) | $121.0m | |
| Increase (Decrease) in Inventories | ($7.0m) | $72.0m | $37.0m | $87.0m | $85.0m | $141.0m | $121.0m | $45.0m | $56.0m | $22.0m | |
| Increase in DPP | — | — | $0 | $0 | $4.4b | $3.7b | $348.0m | $0 | $0 | — | |
| Inventories | $7.0m | ($72.0m) | ($37.0m) | ($87.0m) | ($85.0m) | ($141.0m) | ($121.0m) | ($45.0m) | ($56.0m) | ($22.0m) | |
| Inventory Write-down | $12.0m | $56.0m | $24.0m | — | $131.0m | — | — | — | — | — | |
| Investment Income, Interest | $17.0m | $8.0m | $43.0m | — | — | — | — | — | — | — | |
| Investment in NDT funds | ($9.7b) | ($8.1b) | ($9.0b) | ($10.1b) | ($3.5b) | ($6.7b) | ($516.0m) | $0 | $0 | — | |
| Net fair value changes related to derivatives | $24.0m | $151.0m | $294.0m | $222.0m | ($268.0m) | ($568.0m) | ($53.0m) | $22.0m | $0 | $0 | |
| Net realized and unrealized gains on NDT fund investments | ($229.0m) | ($616.0m) | $303.0m | ($663.0m) | ($461.0m) | ($586.0m) | $205.0m | $0 | $0 | — | |
| Noncash Merger Related Costs | $558.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($1.1b) | ($504.0m) | ($1.7b) | ($389.0m) | ($490.0m) | ($515.0m) | ($912.0m) | ($1.3b) | ($1.7b) | ($1.9b) | |
| Operating Expenses | $28.2b | $29.7b | $32.1b | $30.1b | $30.2b | $33.8b | $15.8b | — | — | — | |
| Option premiums paid, net | ($66.0m) | $28.0m | ($43.0m) | ($29.0m) | ($139.0m) | ($338.0m) | ($39.0m) | $0 | $0 | — | |
| Other assets and liabilities | ($621.0m) | ($691.0m) | ($965.0m) | ($1.5b) | ($5.2b) | ($4.4b) | ($905.0m) | ($188.0m) | ($257.0m) | ($348.0m) | |
| Pension and non-pension postretirement benefit contributions | ($397.0m) | ($405.0m) | ($383.0m) | ($408.0m) | ($601.0m) | ($665.0m) | ($616.0m) | ($129.0m) | ($180.0m) | ($342.0m) | |
| Proceeds from NDT fund sales | $9.5b | $7.8b | $8.8b | $10.1b | $3.3b | $6.5b | $488.0m | $0 | $0 | — | |
| Proceeds from Stock Options Exercised | $19.0m | $107.0m | $56.0m | $59.0m | $18.0m | $37.0m | $1.0m | — | — | — | |
| Proceeds from employee stock plans | ($55.0m) | ($150.0m) | $105.0m | $112.0m | $45.0m | $80.0m | $36.0m | $41.0m | $43.0m | $36.0m | |
| Proceeds from sales of assets | $61.0m | $219.0m | $91.0m | $53.0m | $46.0m | $877.0m | $16.0m | $25.0m | $38.0m | $4.0m | |
| Proceeds from short-term borrowings with maturities greater than 90 days | $240.0m | $621.0m | $126.0m | $0 | $500.0m | $1.4b | $1.3b | $400.0m | $150.0m | $0 | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $64.0m | $73.0m | $69.0m | $85.0m | $104.0m | $136.0m | $150.0m | $151.0m | $157.0m | $183.0m | |
| Real Estate Tax Expense | $483.0m | $545.0m | $557.0m | $595.0m | $602.0m | $633.0m | $377.0m | $401.0m | $431.0m | $474.0m | |
| Regulatory assets and liabilities, net | — | — | — | — | ($649.0m) | ($634.0m) | ($1.3b) | $439.0m | ($50.0m) | $156.0m | |
| Repayments on short-term borrowings with maturities greater than 90 days | ($462.0m) | ($700.0m) | ($1.0m) | ($125.0m) | $0 | ($350.0m) | ($1.5b) | ($150.0m) | ($549.0m) | ($500.0m) | |
| Restructuring Costs | $99.0m | $35.0m | $35.0m | — | $105.0m | ($57.0m) | — | — | — | — | |
| Retirement of long-term debt | ($1.9b) | ($2.5b) | ($1.8b) | ($1.3b) | ($6.4b) | ($1.6b) | ($2.1b) | ($1.7b) | ($1.6b) | ($1.3b) | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | ($62.0m) | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($24.0m) | ($151.0m) | ($294.0m) | ($222.0m) | $268.0m | $568.0m | $53.0m | ($22.0m) | $0 | $0 | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $186.0m | ($160.0m) | ($16.0m) | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $8.4b | $7.5b | $8.6b | $6.7b | $4.2b | $3.0b | $4.9b | $4.7b | $5.6b | $6.3b | |
| Cash flows from investing activities: | |||||||||||
| Increase (decrease) in capital expenditures not paid | — | $41.0m | $31.0m | ($17.0m) | $237.0m | $16.0m | $36.0m | ($215.0m) | $301.0m | $553.0m | |
| Payments to Acquire Property, Plant, and Equipment | $8.6b | $7.6b | $7.6b | $7.2b | $8.0b | $8.0b | $7.1b | $7.4b | $7.1b | $8.5b | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | $0 | $213.0m | $0 | $1.0m | $0 | $0 | — | — | — | — | |
| Other investing activities | ($153.0m) | ($43.0m) | $58.0m | $12.0m | $18.0m | $26.0m | $0 | $8.0m | $17.0m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $153.0m | $43.0m | ($58.0m) | ($12.0m) | ($18.0m) | ($26.0m) | $0 | ($8.0m) | ($17.0m) | $0 | |
| Net cash flows used in investing activities | ($15.5b) | ($7.9b) | ($7.8b) | ($7.3b) | ($4.3b) | ($3.3b) | ($7.0b) | ($7.4b) | ($7.0b) | ($8.5b) | |
| Net Cash Provided by (Used in) Investing Activities | ($15.5b) | ($7.9b) | ($7.8b) | ($7.3b) | ($4.3b) | ($3.3b) | ($7.0b) | ($7.4b) | ($7.0b) | ($8.5b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance of long-term debt | $4.7b | $3.5b | $3.1b | $2.0b | $7.5b | $3.5b | $6.3b | $5.8b | $5.0b | $6.1b | |
| Proceeds from Issuance of Long-term Debt | $4.7b | $3.5b | $3.1b | $2.0b | $7.5b | $3.5b | $6.3b | $5.8b | $5.0b | $6.1b | |
| Repayments of Long-term Debt | $1.9b | $2.5b | $1.8b | $1.3b | $6.4b | $1.6b | $2.1b | $1.7b | $1.6b | $1.3b | |
| Issuance of common stock | $0 | $0 | $0 | $0 | $0 | $0 | $563.0m | $140.0m | $148.0m | $691.0m | |
| Proceeds from Issuance of Common Stock | $0 | $0 | $0 | $0 | — | — | $563.0m | $140.0m | $148.0m | $691.0m | |
| Payments of Ordinary Dividends, Common Stock | $1.2b | $1.2b | $1.3b | $1.4b | $1.5b | $1.5b | $1.3b | $1.4b | $1.5b | $1.6b | |
| Proceeds from Noncontrolling Interests | $372.0m | $396.0m | $0 | $0 | — | — | — | — | — | — | |
| Dividends paid on common stock | ($1k) | ($1k) | ($1k) | ($1k) | ($1k) | ($1k) | ($1k) | ($1k) | ($2k) | ($2k) | |
| Other financing activities | ($85.0m) | ($83.0m) | ($108.0m) | ($82.0m) | ($136.0m) | ($80.0m) | ($102.0m) | ($114.0m) | ($109.0m) | ($94.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($85.0m) | ($83.0m) | ($108.0m) | ($82.0m) | ($136.0m) | ($80.0m) | ($102.0m) | ($114.0m) | ($109.0m) | ($94.0m) | |
| Net cash flows provided by (used in) financing activities | $1.2b | $717.0m | ($219.0m) | ($58.0m) | $145.0m | $758.0m | $1.6b | $2.7b | $1.3b | $2.5b | |
| Net Cash Provided by (Used in) Financing Activities | $1.2b | $717.0m | ($219.0m) | ($58.0m) | $145.0m | $758.0m | $1.6b | $2.7b | $1.3b | $2.5b | |
| Increase (decrease) in cash, restricted cash, and cash equivalents | — | — | $591.0m | ($659.0m) | $44.0m | $453.0m | ($529.0m) | $11.0m | ($162.0m) | $262.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.8b | $1.1b | $1.2b | $1.6b | $1.1b | $1.1b | $939.0m | $1.2b | |
| Cash, restricted cash, and cash equivalents at beginning of period | $914.0m | $1.2b | $1.8b | $1.1b | $1.2b | $1.6b | $1.1b | $1.1b | $939.0m | $1.2b | |
| Restricted Cash and Investments, Current | $253.0m | — | — | — | — | — | — | — | — | — | |
| Transfer of cash, restricted cash, and cash equivalents to Constellation | — | — | — | — | $0 | $0 | ($2.6b) | $0 | $0 | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.3b | $2.4b | $1.4b | $1.5b | $1.5b | $1.5b | $1.4b | $1.6b | $1.8b | $2.0b | |
| Income Taxes Paid, Net | ($441.0m) | $540.0m | $95.0m | $265.0m | $10.0m | $281.0m | $73.0m | $10.0m | $81.0m | $12.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.