For the year ending 2025-12-31, EXC had $262M increase in cash & cash equivalents over the period. -$2,275M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,768 | 2,460 | 2,328 | - |
| Depreciation, amortization, and accretion | 3,643 | 3,596 | 3,506 | - |
| Asset impairments | - | 0 | 0 | - |
| Gain on sales of assets and businesses | 3 | 12 | 10 | - |
| Deferred income taxes and amortization of investment tax credits | 391 | 128 | 319 | - |
| Net fair value changes related to derivatives | 0 | 0 | -22 | - |
| Net realized and unrealized gains on ndt fund investments | - | 0 | 0 | - |
| Net unrealized losses (gains) on equity investments | - | 0 | 0 | - |
| Other non-cash operating activities | -1,331 | -592 | 335 | - |
| Accounts receivable | 1,691 | 644 | 37 | - |
| Inventories | 22 | 56 | 45 | - |
| Accounts payable and accrued expenses | 260 | -37 | -191 | - |
| Option premiums paid, net | - | 0 | 0 | - |
| Collateral received (paid), net | -10 | 33 | -146 | - |
| Income taxes | 121 | -4 | 48 | - |
| Regulatory assets and liabilities, net | -156 | 50 | 439 | - |
| Pension and non-pension postretirement benefit contributions | 342 | 180 | 129 | - |
| Other assets and liabilities | 348 | 257 | 188 | - |
| Net cash flows provided by operating activities | 6,254 | 5,569 | 4,703 | 4,870 |
| Capital expenditures | 8,529 | 7,097 | 7,408 | 7,147 |
| Proceeds from ndt fund sales | - | 0 | 0 | 488 |
| Investment in ndt funds | - | 0 | 0 | 516 |
| Collection of dpp | - | 0 | 0 | 169 |
| Proceeds from sales of assets | 4 | 38 | 25 | 16 |
| Other investing activities | 0 | -17 | -8 | 0 |
| Changes in exelon/phi intercompany money pool-Peco Energy Co | - | - | - | 0 |
| Net cash flows used in investing activities | -8,525 | -7,042 | -7,375 | -6,990 |
| Changes in short-term borrowings | -747 | -265 | -313 | - |
| Proceeds from short-term borrowings with maturities greater than 90 days | 0 | 150 | 400 | - |
| Repayments on short-term borrowings with maturities greater than 90 days | 500 | 549 | 150 | - |
| Issuance of long-term debt | 6,075 | 4,974 | 5,825 | - |
| Retirement of long-term debt | 1,311 | 1,557 | 1,713 | - |
| Issuance of common stock | 691 | 148 | 140 | - |
| Dividends paid on common stock | 1,617 | 1,524 | 1,433 | - |
| Acquisition of ceng noncontrolling interest | - | - | 0 | - |
| Proceeds from employee stock plans | 36 | 43 | 41 | - |
| Transfer of cash, restricted cash, and cash equivalents to constellation | - | 0 | 0 | - |
| Other financing activities | -94 | -109 | -114 | - |
| Net cash flows provided by (used in) financing activities | 2,533 | 1,311 | 2,683 | 1,591 |
| Increase (decrease) in cash, restricted cash, and cash equivalents | 262 | -162 | 11 | -529 |
| Cash and cash equivalents at beginning of period | 939 | 1,101 | 1,090 | 1,619 |
| Cash and cash equivalents at end of period | 1,201 | 939 | 1,101 | 1,090 |
EXELON CORP (EXC)
EXELON CORP (EXC)