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Midas Edge

EXELON CORP

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

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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

Statements of Changes in Shareholder's Equity

Nine Months Ended September 30, 2024
(In millions)Common StockRetained EarningsTotal Shareholder's Equity
Balance at December 31, 2023$3,075$1,069$4,144
Net income—7575
Common stock dividends—(51)(51)
Contributions from parent251—251
Balance at March 31, 2024$3,326$1,093$4,419
Net income—108108
Common stock dividends—(102)(102)
Balance at June 30, 2024$3,326$1,099$4,425
Net income—140140
Common stock dividends—(133)(133)
Contributions from parent9—9
Balance at September 30, 2024$3,335$1,106$4,441
Nine Months Ended September 30, 2023
(In millions)Common StockRetained EarningsTotal Shareholder's Equity
Balance at December 31, 2022$2,767$1,015$3,782
Net income—6565
Common stock dividends—(48)(48)
Contributions from parent243—243
Balance at March 31, 2023$3,010$1,032$4,042
Net income—6464
Common stock dividends—(67)(67)
Balance at June 30, 2023$3,010$1,029$4,039
Net income—120120
Common stock dividends—(85)(85)
Contributions from parent65—65
Balance at September 30, 2023$3,075$1,064$4,139
Three Months Ended September 30,Nine Months EndedSeptember 30,
(In millions)2024202320242023
Operating revenues
Electric operating revenues$440$426$1,215$1,108
Natural gas operating revenues2324122150
Revenues from alternative revenue programs(3)(2)110
Operating revenues from affiliates2255
Total operating revenues4624501,3431,273
Operating expenses
Purchased power196192529486
Purchased fuel794476
Operating and maintenance4960151150
Operating and maintenance from affiliates4344133128
Depreciation and amortization6262183182
Taxes other than income taxes20195957
Total operating expenses3773861,0991,079
Operating income8564244194
Other income and (deductions)
Interest expense, net(22)(18)(69)(53)
Other, net652012
Total other income and (deductions)(16)(13)(49)(41)
Income before income taxes6951195153
Income taxes1483925
Net income$55$43$156$128
Comprehensive income$55$43$156$128
Nine Months EndedSeptember 30,
(In millions)20242023
Cash flows from operating activities
Net income$156$128
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization183182
Deferred income taxes and amortization of investment tax credits124
Other non-cash operating activities2911
Changes in assets and liabilities:
Accounts receivable(1)9
Receivables from and payables to affiliates, net(3)3
Inventories(17)2
Accounts payable and accrued expenses14(1)
Collateral received (paid), net2(120)
Income taxes(25)15
Regulatory assets and liabilities, net(41)33
Pension and non-pension postretirement benefit contributions(1)—
Other assets and liabilities198
Net cash flows provided by operating activities327274
Cash flows from investing activities
Capital expenditures(404)(416)
Changes in PHI intercompany money pool—(10)
Net cash flows used in investing activities(404)(426)
Cash flows from financing activities
Changes in short-term borrowings(63)(115)
Issuance of long-term debt175125
Retirement of long-term debt(33)—
Dividends paid on common stock(162)(97)
Contributions from parent16099
Other financing activities(6)(6)
Net cash flows provided by financing activities716
Decrease in cash, restricted cash, and cash equivalents(6)(146)
Cash, restricted cash, and cash equivalents at beginning of period16152
Cash, restricted cash, and cash equivalents at end of period$10$6
Supplemental cash flow information
Increase in capital expenditures not paid$9$—
(In millions)September 30, 2024December 31, 2023
ASSETS
Current assets
Cash and cash equivalents$8$16
Restricted cash and cash equivalents2—
Accounts receivable
Customer accounts receivable169183
Customer allowance for credit losses(17)(19)
Customer accounts receivable, net152164
Other accounts receivable6052
Other allowance for credit losses(7)(8)
Other accounts receivable, net5344
Receivables from affiliates—1
Inventories, net
Fossil fuel79
Materials and supplies9172
Prepaid utility taxes2024
Regulatory assets6054
Other1114
Total current assets404398
Property, plant, and equipment (net of accumulated depreciation and amortization of $2,032 and $1,925 as of September 30, 2024 and December 31, 2023, respectively)5,4155,165
Deferred debits and other assets
Regulatory assets215218
Prepaid pension asset124135
Other4650
Total deferred debits and other assets385403
Total assets$6,204$5,966
(In millions)September 30, 2024December 31, 2023
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities
Short-term borrowings$—$63
Long-term debt due within one year13084
Accounts payable161159
Accrued expenses6364
Payables to affiliates2125
Customer deposits3431
Regulatory liabilities4750
Other2021
Total current liabilities476497
Long-term debt2,0911,996
Deferred credits and other liabilities
Deferred income taxes and unamortized investment tax credits935904
Regulatory liabilities331365
Asset retirement obligations1312
Non-pension postretirement benefits obligations56
Other10793
Total deferred credits and other liabilities1,3911,380
Total liabilities3,9583,873
Commitments and contingencies
Shareholder's equity
Common stock1,6151,455
Retained earnings631638
Total shareholder's equity2,2462,093
Total liabilities and shareholder's equity$6,204$5,966
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.