Exelon Corporation

NasdaqGS-EXC

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	874	392	908	647	707	448
Net Income
Depreciation & Amortization	913	901	905	913	909	894
Depreciation, Amortization, and Accretion
Other Adjustments	481	435	467	174.5	223	225
Asset Impairments
Gain on Deconsolidation of Business
Gain on Sales of Assets
Bargain Purchase Gain
Deferred Income Taxes and Amortization of Investment Tax Credits
Net Fair Value Changes Related to Derivatives
Net Realized and Unrealized Gains on NDT Funds
Net Unrealized Gains on Equity Investments
Other Non-Cash Operating Activities
Changes in Trade Receivables	38	-58	-402	-155	-46	-134
Accounts Receivable
Changes in Inventories	-21	-37	17	1	-32	-37
Inventories
Changes in Accounts Payable	203	359	-397	272	-189	118
Accounts Payable and Accrued Expenses
Changes in Income Taxes Payable	22	-62	59	14	21	-60
Income Taxes
Changes in Other Operating Activities	-211	-419	-357	-442	96	8
Option Premiums Received, Net
Collateral Posted, Net
Collateral Received, Net
Regulatory Assets and Liabilities, Net
Pension and Non-Pension Postretirement Benefit Contributions
Deposit with IRS
Other Assets and Liabilities
Cash from Operating Activities	2,299	1,511	1,200	1,426	1,689	1,462
Net Cash Flows Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-2,136	-2,013	-1,946	-1,936	-1,695	-1,699
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	—	2	—	19	38	-2
Proceeds from Sale of Long-Lived Assets
Proceeds from Sales of Long-Lived Assets
Proceeds from Sales of Assets
Purchases of Investments	—	—	—	—	—	—
Investment in NDT Funds
Proceeds from Sale of Investments	—	—	—	—	—	—
Proceeds from NDT Fund Sales
Payments for Business Acquisitions	—	—	—	—	—	—
Acquisition of Assets and Businesses, Net
Proceeds from Business Divestments	—	2	—	19	38	-2
Proceeds from Sales of Assets
Other Investing Activities	-2	-9	4	8	10	1
Proceeds from Termination of Direct Financing Lease Investment
Reduction of Restricted Cash from Deconsolidation of Business
Collection of DPP
Change in Restricted Cash
Other Investing Activities
Cash from Investing Activities	-2,138	-2,020	-1,942	-1,928	-1,647	-1,700
Net Cash Flows Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	-29	25	-775	828	-423	-278
Changes in Short-Term Borrowings
Proceeds from Short-Term Borrowings with Maturities Greater Than 90 Days
Repayments of Short-Term Debt	—	—	—	—	—	-399
Repayments on Short-Term Borrowings with Maturities Greater Than 90 Days
Net Issuance / (Repayments) of Short-Term Debt	-29	25	-775	828	-423	-677
Issuance of Long-Term Debt	1,125	1,375	2,425	-1	750	1,600
Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	-807	—	-221	-433	-2
Retirement of Long-Term Debt
Retirement of Long-Term Debt to Financing Trust
Net Issuance / (Repayments) of Long-Term Debt	1,125	568	2,425	-222	317	1,598
Issuance of Common Shares	13	97.5	173	84	159	11
Issuance of Common Stock
Common Stock Issued from Treasury
Proceeds from Employee Stock Plans
Net Issuance / (Repurchases) of Common Shares	13	97.5	173	84	159	11
Common Share Dividends Paid	-404	-405	-403	-382	-381	-380
Dividends Paid on Common Stock
Other Financing Activities	-48	4	-810	802	-439	-365
Restricted Proceeds from Issuance of Long-Term Debt
Sale of Noncontrolling Interests
Acquisition of CENG Noncontrolling Interest
Transfer of Cash, Restricted Cash, and Cash Equivalents to Constellation
Other Financing Activities
Changes in Short-Term Borrowings
Cash from Financing Activities	686	178	1,385	208	-344	465
Net Cash Flows Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	163	-502	-746	-510	-6	-237
NOPAT	1,274.3	786.2	1,293.8	2,040.5	1,117	828
Levered Free Cash Flow	741	-287	839	722	-289	593
Unlevered Free Cash Flow	44.3	-484.8	-425.2	862.5	227	52
Net Change in Cash	847	-331	643	-294	-302	227