CONSTELLATION ENERGY GENERATION LLC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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22. Supplemental Financial Information
- Supplemental Financial Information
Supplemental Consolidated Statements of Operations and Comprehensive Income Information
The following tables provide additional information about material items recorded in the Consolidated Statements of Operations and Comprehensive Income.
| For the Years Ended December 31, | |||
|---|---|---|---|
| Taxes other than income taxes | 2025 | 2024 | 2023 |
| Property | $289 | $285 | $253 |
| Gross receipts(a) | 163 | 134 | 139 |
| Payroll | 161 | 152 | 142 |
| Other | 9 | 15 | 19 |
| Total | $622 | $586 | $553 |
(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.
| For the Years Ended December 31, | |||
|---|---|---|---|
| Other, net | 2025 | 2024 | 2023 |
| Decommissioning-related activities: | |||
| Net realized income on NDT funds(a) | |||
| Regulatory Agreement Units | $672 | $553 | $657 |
| Non-Regulatory Agreement Units | 322 | 266 | 335 |
| Net unrealized gains (losses) on NDT funds | |||
| Regulatory Agreement Units | 764 | 184 | 397 |
| Non-Regulatory Agreement Units | 506 | 156 | 259 |
| Regulatory offset to NDT fund-related activities(b) | (1,152) | (592) | (845) |
| Total Decommissioning-related activities | 1,112 | 567 | 803 |
| Net unrealized gains (losses) from equity investments(c) | (304) | 11 | 307 |
| Other | 128 | 92 | 158 |
| Total Other, net | $936 | $670 | $1,268 |
(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 Other deferred debits and other assets in the Consolidated Balance Sheets based on quoted market price of the stock.
Supplemental Cash Flow Information
The following tables provide additional information about material items recorded in the Consolidated Statements of Cash Flows.
| For the Years Ended December 31, | |||||
|---|---|---|---|---|---|
| Depreciation, amortization and accretion · Income statement location · 2025 · 2024 · 2023 | |||||
| PP&E | Depreciation and amortization | $967 | $1,101 | $1,073 | |
| Nuclear fuel | Purchased power and fuel | 952 | 884 | 787 | |
| ARO accretion | Operating and maintenance | 647 | 655 | 596 | |
| Amortization of intangible assets, net(a) | Depreciation and amortization | 18 | 22 | 23 | |
| Amortization of UECs | Operating revenues or Purchased power and fuel | 17 | 38 | 35 | |
| Total depreciation, amortization, and accretion | $2,601 | $2,700 | $2,514 | ||
(a)Primarily related to the amortization of customer relationships and trade names. Excludes UEC amortization, which is shown separately in the table.
| For the Years Ended December 31, | |||
|---|---|---|---|
| Cash paid during the year | 2025 | 2024 | 2023 |
| Interest (net of amount capitalized) | $412 | $375 | $264 |
| CEG Parent · Constellation | ||||||
|---|---|---|---|---|---|---|
| For the Years Ended December 31, | For the Years Ended December 31, | |||||
| Other non-cash operating activities | 2025 | 2024 | 2023 | 2025 | 2024 | 2023 |
| Other decommissioning-related activity(a) | $(463) | $(485) | $(534) | $(463) | $(485) | $(534) |
| Energy-related options(b) | (103) | 32 | 183 | (103) | 32 | 183 |
| Pension and non-pension postretirement benefit costs | 152 | 107 | 47 | 152 | 107 | 47 |
| Other | 191 | 174 | 322 | 110 | 128 | 260 |
| Total other non-cash operating activities | $(223) | $(172) | $18 | $(304) | $(218) | $(44) |
(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 in the Consolidated Balance Sheets that sum to the total of the same amounts in the Consolidated Statements of Cash Flows.
| December 31, 2025 | CEG Parent | Constellation |
|---|---|---|
| Cash and cash equivalents | $3,641 | $3,641 |
| Restricted cash and cash equivalents | 107 | 79 |
| Total cash, restricted cash, and cash equivalents | $3,748 | $3,720 |
| 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 | $368 | $366 | |
|---|---|---|---|
| Restricted cash and cash equivalents | 86 | 74 | |
| Total cash, restricted cash, and cash equivalents | $454 | $440 |
For additional information on restricted cash, see Note 1 — Basis of Presentation.
Supplemental Balance Sheet Information
The following tables provide additional information about material items recorded in the Consolidated Balance Sheets.
| Inventories, net | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Materials and supplies | $1,485 | $1,357 |
| Natural gas, oil, and emission allowances | 251 | 243 |
| Total | $1,736 | $1,600 |
| Accounts payable and accrued expenses | ||
|---|---|---|
| December 31, 2025 | CEG Parent | Constellation |
| Accounts payable | $2,813 | $2,801 |
| Compensation-related accruals(a) | 920 | 672 |
| Taxes accrued(b) | 246 | 245 |
| Other accrued expenses | 315 | 315 |
| Total | $4,294 | $4,033 |
| 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)Net of $375 million and $150 million as of December 31, 2025 and 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.
The following table provides additional information about investments included in Other deferred debits and other assets in the Consolidated Balance Sheets.
| Investments | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Equity method investments | $3 | $2 |
| Other investments: | ||
| Employee benefit trusts and investments(a) | 112 | 100 |
| Equity investments with readily determinable fair values(b) | 82 | 387 |
| Equity investments without readily determinable fair values | 109 | 150 |
| Other available for sale debt security investments | 1 | 1 |
| Total | $307 | $640 |
(a)Debt and equity security investments are recorded at fair market value.
(b)Does not include the equity investments with readily determinable fair values that are recorded in Other current assets in the Consolidated Balance Sheets. See Note 17 — Fair Value of Financial Assets and Liabilities for additional information on investments in equities.
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