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Midas Edge

EXELON CORP

For the period ended Sep 30, 2024. Filed Oct 30, 2024.

View on SEC.gov

About this filing

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.

Sep 30, 2024 · Filed Oct 30, 2024

EXC$45.62-2.0%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Shareholder's Equity

Nine Months Ended September 30, 2024
(In millions)CommonStockRetainedEarningsTotalShareholder'sEquity
Balance at December 31, 2023$4,050$2,019$6,069
Net income—149149
Common stock dividends—(100)(100)
Contributions from parent580—580
Balance at March 31, 2024$4,630$2,068$6,698
Net income—9090
Common stock dividends—(100)(100)
Balance at June 30, 2024$4,630$2,058$6,688
Net income—117117
Common stock dividends—(100)(100)
Contributions from parent15—15
Balance at September 30, 2024$4,645$2,075$6,720
Nine Months Ended September 30, 2023
(In millions)CommonStockRetainedEarningsTotalShareholder'sEquity
Balance at December 31, 2022$3,702$1,861$5,563
Net income—166166
Common stock dividends—(101)(101)
Contributions from parent330—330
Balance at March 31, 2023$4,032$1,926$5,958
Net income—9797
Common stock dividends—(101)(101)
Balance at June 30, 2023$4,032$1,922$5,954
Net income—146146
Common stock dividends—(101)(101)
Contributions from parent18—18
Balance at September 30, 2023$4,050$1,967$6,017
Three Months Ended September 30,Nine Months EndedSeptember 30,
(In millions)2024202320242023
Operating revenues
Electric operating revenues$928$856$2,585$2,306
Natural gas operating revenues10496648627
Revenues from alternative revenue programs9(22)2847
Operating revenues from affiliates3276
Total operating revenues1,0449323,2682,986
Operating expenses
Purchased power4073711,108975
Purchased fuel139120170
Operating and maintenance221156613467
Operating and maintenance from affiliates6058182165
Depreciation and amortization162161474487
Taxes other than income taxes8680254239
Total operating expenses9498352,7512,503
Operating income9597517483
Other income and (deductions)
Interest expense, net(57)(47)(159)(135)
Other, net1162714
Total other income and (deductions)(46)(41)(132)(121)
Income before income taxes4956385362
Income taxes4113276
Net income$45$45$353$286
Comprehensive income$45$45$353$286
Nine Months EndedSeptember 30,
(In millions)20242023
Cash flows from operating activities
Net income$353$286
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization474487
Deferred income taxes and amortization of investment tax credits(5)41
Other non-cash operating activities49—
Changes in assets and liabilities:
Accounts receivable25194
Receivables from and payables to affiliates, net14(7)
Inventories(6)45
Accounts payable and accrued expenses37(38)
Collateral paid, net—(22)
Income taxes(51)19
Regulatory assets and liabilities, net(69)(151)
Pension and non-pension postretirement benefit contributions(34)(15)
Other assets and liabilities10246
Net cash flows provided by operating activities889885
Cash flows from investing activities
Capital expenditures(1,033)(986)
Other investing activities106
Net cash flows used in investing activities(1,023)(980)
Cash flows from financing activities
Changes in short-term borrowings(336)(349)
Issuance of long-term debt800700
Retirement of long-term debt—(300)
Dividends paid on common stock(276)(237)
Contributions from parent237237
Other financing activities(9)(7)
Net cash flows provided by financing activities41644
Increase (decrease) in cash, restricted cash, and cash equivalents282(51)
Cash, restricted cash, and cash equivalents at beginning of period4867
Cash, restricted cash, and cash equivalents at end of period$330$16
Supplemental cash flow information
Increase (decrease) in capital expenditures not paid$38$(17)
(In millions)September 30, 2024December 31, 2023
ASSETS
Current assets
Cash and cash equivalents$330$47
Restricted cash and cash equivalents—1
Accounts receivable
Customer accounts receivable504527
Customer allowance for credit losses(60)(46)
Customer accounts receivable, net444481
Other accounts receivable100106
Other allowance for credit losses(6)(7)
Other accounts receivable, net9499
Inventories, net
Fossil fuel3135
Materials and supplies8374
Prepaid utility taxes356
Regulatory assets217229
Other2025
Total current assets1,2221,047
Property, plant, and equipment (net of accumulated depreciation and amortization of $4,933 and $4,744 as of September 30, 2024 and December 31, 2023, respectively)12,76512,102
Deferred debits and other assets
Regulatory assets764727
Investments109
Prepaid pension asset230248
Other4751
Total deferred debits and other assets1,0511,035
Total assets$15,038$14,184
(In millions)September 30, 2024December 31, 2023
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities
Short-term borrowings$—$336
Accounts payable398344
Accrued expenses176203
Payables to affiliates4835
Customer deposits118114
Regulatory liabilities1727
Other7834
Total current liabilities8351,093
Long-term debt5,3954,602
Deferred credits and other liabilities
Deferred income taxes and unamortized investment tax credits2,0411,945
Regulatory liabilities681773
Asset retirement obligations3632
Non-pension postretirement benefits obligations151158
Other9591
Total deferred credits and other liabilities3,0042,999
Total liabilities9,2348,694
Commitments and contingencies
Shareholder's equity
Common stock3,4833,246
Retained earnings2,3212,244
Total shareholder's equity5,8045,490
Total liabilities and shareholder's equity$15,038$14,184
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.