EXELON CORP
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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14. Supplemental Financial Information
- Supplemental Financial Information (All Registrants)
Supplemental Statement of Operations Information
The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Operations and Comprehensive Income:
| Taxes other than income taxes | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Utility taxes(a) | $226 | $73 | $42 | $31 | $80 | $72 | $6 | $— |
| Property | 107 | 10 | 5 | 53 | 39 | 26 | 12 | 1 |
| Payroll | 33 | 9 | 4 | 5 | 7 | 2 | 1 | 1 |
| Utility taxes(a) | $201 | $71 | $38 | $22 | $70 | $63 | $6 | $1 |
| Property | 96 | 8 | 4 | 49 | 35 | 24 | 10 | 1 |
| Payroll | 31 | 7 | 4 | 5 | 7 | 2 | 1 | 1 |
| Utility taxes(a) | $447 | $148 | $83 | $54 | $162 | $146 | $14 | $2 |
| Property | 212 | 18 | 9 | 107 | 78 | 53 | 23 | 1 |
| Payroll | 67 | 18 | 9 | 9 | 14 | 4 | 2 | 2 |
| Utility taxes(a) | $421 | $146 | $78 | $50 | $147 | $131 | $14 | $2 |
| Property | 196 | 18 | 8 | 100 | 70 | 48 | 21 | 1 |
| Payroll | 63 | 14 | 9 | 9 | 14 | 4 | 2 | 2 |
(a)The Registrants' utility taxes represent municipal and state utility taxes and gross receipts taxes related to their operating revenues. The offsetting collection of utility taxes from customers is recorded in revenues in the Registrants’ Consolidated Statements of Operations and Comprehensive Income.
| Other, net | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| AFUDC — Equity | $38 | $9 | $8 | $6 | $15 | $12 | $3 | $— |
| Non-service net periodic benefit cost | (11) | — | — | — | — | — | — | — |
| AFUDC — Equity | $34 | $7 | $6 | $4 | $17 | $13 | $2 | $2 |
| Non-service net periodic benefit cost | (1) | — | — | — | — | — | — | — |
| AFUDC — Equity | $78 | $19 | $16 | $13 | $30 | $23 | $6 | $1 |
| Non-service net periodic benefit cost | (17) | — | — | — | — | — | — | — |
| AFUDC — Equity | $71 | $17 | $12 | $7 | $35 | $27 | $4 | $4 |
| Non-service net periodic benefit cost | (2) | — | — | — | — | — | — | — |
Supplemental Cash Flow Information
The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Cash Flows.
| Depreciation, amortization, and accretion | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Property, plant, and equipment(a) | $1,436 | $573 | $203 | $247 | $383 | $164 | $107 | $105 |
| Amortization of regulatory assets and liabilities, net(a) | 333 | 164 | 7 | 65 | 97 | 41 | 15 | 41 |
| Amortization of intangible assets, net(a) | 4 | — | — | — | — | — | — | — |
| ARO accretion(b) | 1 | — | — | — | 1 | — | — | — |
| Total depreciation, amortization and accretion | $1,774 | $737 | $210 | $312 | $481 | $205 | $122 | $146 |
| Property, plant, and equipment(a) | $1,370 | $540 | $190 | $249 | $364 | $152 | $104 | $96 |
| Amortization of regulatory assets and liabilities, net(a) | 352 | 148 | 7 | 76 | 120 | 64 | 17 | 39 |
| Amortization of intangible assets, net(a) | 4 | — | — | — | — | — | — | — |
| ARO accretion(b) | 1 | — | — | — | — | — | — | — |
| Total depreciation and amortization | $1,727 | $688 | $197 | $325 | $484 | $216 | $121 | $135 |
(a)Included in Depreciation and amortization expense in the Registrants' Consolidated Statements of Operations and Comprehensive Income.
(b)Included in Operating and maintenance expense in Exelon's Consolidated Statements of Operations and Comprehensive Income.
| Other non-cash operating activities | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Pension and OPEB costs | $120 | $36 | $— | $31 | $46 | $16 | $7 | $7 |
| Allowance for credit losses | 93 | 8 | 47 | 11 | 27 | 16 | 3 | 7 |
| True-up adjustments to decoupling mechanisms and formula rates(a) | (15) | 24 | 2 | (19) | (22) | (37) | 4 | 11 |
| Amortization of operating ROU asset | 19 | — | — | 3 | 13 | 3 | 3 | 2 |
| AFUDC — Equity | (78) | (19) | (16) | (13) | (30) | (23) | (6) | (1) |
| Pension and OPEB costs (benefit) | $89 | $13 | $(7) | $28 | $49 | $17 | $9 | $7 |
| Allowance for credit losses | 46 | 1 | 19 | 4 | 22 | 13 | 3 | 6 |
| True-up adjustments to decoupling mechanisms and formula rates(a) | (410) | (270) | 10 | (70) | (80) | (46) | (15) | (19) |
| Long-term incentive plan | 13 | — | — | — | — | — | — | — |
| Amortization of operating ROU asset | 19 | 1 | — | 2 | 14 | 2 | 4 | 2 |
| Change in environmental liabilities | 37 | — | — | — | 37 | 37 | — | — |
| AFUDC — Equity | (71) | (17) | (12) | (7) | (35) | (27) | (4) | (4) |
(a)For ComEd, reflects the true-up adjustments in Regulatory assets and liabilities associated with its distribution, energy efficiency, distributed generation, and transmission formula rates. For PECO, reflects the change in Regulatory assets and liabilities associated with its transmission formula rates. For BGE, Pepco, DPL, and ACE, reflects the change in
Regulatory assets and liabilities associated with their decoupling mechanisms and transmission formula rates. See Note 3 — Regulatory Matters of the 2023 Form 10-K for additional information.
The following tables provide a reconciliation of cash, cash equivalents, and restricted cash reported within the Registrants’ Consolidated Balance Sheets that sum to the total of the same amounts in their Consolidated Statements of Cash Flows.
| Cash, cash equivalents, and restricted cash | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Cash and cash equivalents | $934 | $326 | $19 | $428 | $119 | $19 | $50 | $15 |
| Restricted cash and cash equivalents | 530 | 446 | 9 | — | 22 | 21 | 1 | — |
| Restricted cash included in Other deferred debits and other assets | 71 | 71 | — | — | — | — | — | — |
| Total cash, restricted cash, and cash equivalents | $1,535 | $843 | $28 | $428 | $141 | $40 | $51 | $15 |
| Cash and cash equivalents | $445 | $110 | $42 | $47 | $180 | $48 | $16 | $21 |
| Restricted cash and cash equivalents | 482 | 402 | 9 | 1 | 24 | 24 | — | — |
| Restricted cash included in Other deferred debits and other assets | 174 | 174 | — | — | — | — | — | — |
| Total cash, restricted cash, and cash equivalents | $1,101 | $686 | $51 | $48 | $204 | $72 | $16 | $21 |
| Cash and cash equivalents | $399 | $74 | $82 | $89 | $110 | $16 | $18 | $24 |
| Restricted cash and cash equivalents | 435 | 361 | 9 | 1 | 26 | 26 | — | — |
| Restricted cash included in Other deferred debits and other assets | 201 | 201 | — | — | — | — | — | — |
| Total cash, restricted cash, and cash equivalents | $1,035 | $636 | $91 | $90 | $136 | $42 | $18 | $24 |
| Cash and cash equivalents | $407 | $67 | $59 | $43 | $198 | $45 | $31 | $72 |
| Restricted cash and cash equivalents | 566 | 327 | 9 | 24 | 175 | 54 | 121 | — |
| Restricted cash included in Other deferred debits and other assets | 117 | 117 | — | — | — | — | — | — |
| Total cash, restricted cash, and cash equivalents | $1,090 | $511 | $68 | $67 | $373 | $99 | $152 | $72 |
For additional information on restricted cash see Note 1 — Significant Accounting Policies of the 2023 Form 10-K.
Supplemental Balance Sheet Information
The following table provides additional information about material items recorded in the Registrants' Consolidated Balance Sheets.
| Accrued expenses | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Compensation-related accruals(a) | $476 | $124 | $72 | $66 | $92 | $27 | $18 | $13 |
| Taxes accrued | 183 | 91 | 56 | 26 | 90 | 74 | 7 | 9 |
| Interest accrued | 469 | 153 | 50 | 48 | 85 | 47 | 17 | 17 |
| Compensation-related accruals(a) | $661 | $206 | $87 | $81 | $107 | $27 | $17 | $12 |
| Taxes accrued | 221 | 204 | 96 | 75 | 137 | 116 | 30 | 10 |
| Interest accrued | 414 | 148 | 49 | 44 | 72 | 38 | 13 | 15 |
(a)Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.