CONSTELLATION ENERGY GENERATION LLC
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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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.
Sep 30, 2025 · Filed Nov 7, 2025
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17. Supplemental Financial Information
- Supplemental Financial Information
Supplemental Statement of Operations and Comprehensive Income Information
The following tables provide additional information about items recorded in the Consolidated Statements of Operations and Comprehensive Income.
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| Operating revenues | 2025 | 2024 | 2025 | 2024 |
| Variable lease income | $65 | $69 | $181 | $189 |
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| Taxes other than income taxes | 2025 | 2024 | 2025 | 2024 |
| Property | $74 | $76 | $216 | $215 |
| Payroll | 44 | 48 | 128 | 122 |
| Gross receipts(a) | 46 | 37 | 123 | 102 |
| Other | 1 | 4 | 5 | 7 |
| Total taxes other than income taxes | $165 | $165 | $472 | $446 |
(a)Represent gross receipts taxes related to our retail operations. The offsetting collection of gross receipts taxes from customers is recorded in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| Other, net | 2025 | 2024 | 2025 | 2024 |
| Decommissioning-related activities: | ||||
| Net realized income on NDT funds(a) | ||||
| Regulatory Agreement Units | $165 | $203 | $540 | $460 |
| Non-Regulatory Agreement Units | 78 | 118 | 245 | 233 |
| Net unrealized gains (losses) on NDT funds | ||||
| Regulatory Agreement Units | 313 | 337 | 624 | 548 |
| Non-Regulatory Agreement Units | 200 | 190 | 430 | 329 |
| Regulatory offset to NDT fund-related activities(b) | (383) | (433) | (935) | (808) |
| Total Decommissioning-related activities | 373 | 415 | 904 | 762 |
| Net unrealized gains (losses) from equity investments(c) | 19 | (104) | (256) | (115) |
| Other | 51 | 14 | 81 | 46 |
| Total Other, net | $443 | $325 | $729 | $693 |
(a)Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments.
(b)Includes the elimination of decommissioning-related activities and the elimination of income taxes related to all NDT fund activity for the Regulatory Agreement Units.
(c)Includes unrealized gains (losses) resulting from an equity investment in a publicly traded company. We record the fair value of this investment in Investments on the Consolidated Balance Sheets based on quoted market price of the stock.
Note 17 — Supplemental Financial Information
Supplemental Cash Flow Information
The following tables provide additional information about items recorded within our Consolidated Statements of Cash Flows.
| Nine Months Ended September 30, | |||
|---|---|---|---|
| Depreciation, amortization, and accretion | Income statement location | 2025 | 2024 |
| PP&E | Depreciation and amortization | $729 | $850 |
| Nuclear fuel | Purchased power and fuel | 712 | 656 |
| ARO accretion | Operating and maintenance | 480 | 498 |
| Amortization of intangible assets, net | Depreciation and amortization | 14 | 18 |
| Amortization of energy contract assets and liabilities | Operating revenues or purchased power and fuel | 10 | 27 |
| Total depreciation, amortization, and accretion | $1,945 | $2,049 | |
| CEG Parent · Constellation | ||||
|---|---|---|---|---|
| Nine Months Ended September 30, | Nine Months Ended September 30, | |||
| Other non-cash operating activities | 2025 | 2024 | 2025 | 2024 |
| Other decommissioning-related activity(a) | $(366) | $(488) | $(366) | $(488) |
| Pension and non-pension postretirement benefit costs | 115 | 81 | 115 | 81 |
| Energy-related options(b) | (34) | 40 | (34) | 40 |
| Other | 211 | 206 | 146 | 172 |
| Total other non-cash operating activities | $(74) | $(161) | $(139) | $(195) |
(a)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income, and income taxes related to all NDT fund activity for these units.
(b)Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded to results of operations.
The following table provides a reconciliation of cash, restricted cash, and cash equivalents reported within our Consolidated Balance Sheets that sum to the total of the same amounts in the Consolidated Statements of Cash Flows.
| September 30, 2025 | CEG Parent | Constellation |
|---|---|---|
| Cash and cash equivalents | $3,959 | $3,949 |
| Restricted cash and cash equivalents | 132 | 88 |
| Total cash, restricted cash, and cash equivalents | $4,091 | $4,037 |
| Cash and cash equivalents | $3,022 | $3,018 |
| Restricted cash and cash equivalents | 107 | 97 |
| Total cash, restricted cash, and cash equivalents | $3,129 | $3,115 |
| Cash and cash equivalents | $1,793 | $1,793 |
| Restricted cash and cash equivalents | 89 | 77 |
| Total cash, restricted cash, and cash equivalents | $1,882 | $1,870 |
For additional information on restricted cash, see Note 1 — Basis of Presentation of our 2024 Form 10-K.
Note 17 — Supplemental Financial Information
Supplemental Balance Sheet Information
The following table provides additional information about material items recorded in the Consolidated Balance Sheets.
| Accounts payable and accrued expenses | ||
|---|---|---|
| September 30, 2025 | CEG Parent | Constellation |
| Accounts payable | $2,509 | $2,478 |
| Compensation-related accruals(a) | 781 | 556 |
| Taxes accrued(b) | 177 | 175 |
| Other accrued expenses | 459 | 459 |
| Total | $3,926 | $3,668 |
| Accounts payable | $2,369 | $2,348 |
| Compensation-related accruals(a) | 907 | 689 |
| Taxes accrued(b) | 232 | 223 |
| Other accrued expenses | 435 | 436 |
| Total | $3,943 | $3,696 |
(a)Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits.
(b)Includes $270 million and $150 million as of September 30, 2025 and December 31, 2024, respectively, related to nuclear PTC that was used to offset the current tax liability. See Note 6 — Government Assistance for additional information on the nuclear PTC.
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