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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 648 $ 448
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 341 324
Amortization of Nuclear Fuel 49 47
Emission Allowances and Renewable Energy Credit Compliance Accrual 43 33
Provision for Deferred Income Taxes and ITC 96 18
Non-Cash Employee Benefit Plan (Credits) Costs (44) (26)
Leveraged Lease (Income), (Gains) and Losses, Adjusted for Rents Received and Deferred Taxes 16 18
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 46 (106)
Cost of Removal (27) (24)
Net Change in Regulatory Assets and Liabilities (28) (80)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (68) 209
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 66 16
Accrued Taxes (44) 71
Margin Deposit (44) 55
Other Current Assets and Liabilities (30) 120
Employee Benefit Plan Funding and Related Payments (3) 10
Other 10 20
Net Cash Provided By (Used In) Operating Activities 1,027 1,153
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (633) (720)
Purchase of Emissions Allowances and RECs (12) (29)
Proceeds from Sale of Available-for-Sale Securities 662 609
Investments in Available-for-Sale Securities (660) (619)
Other 19 35
Net Cash Provided By (Used In) Investing Activities (624) (724)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (598) (353)
Proceeds from Short-Term Loan 500 300
Repayments of Short-term Debt (300) 0
Proceeds from Issuance of Other Long-term Debt 900 600
Redemption of Long-term Debt (300) 0
Cash Dividends Paid on Common Stock (258) (248)
Other (78) (62)
Net Cash Provided By (Used In) Financing Activities (134) 237
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 269 666
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 572 176
Cash, Cash Equivalents and Restricted Cash at End of Period 841 842
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) (25) (14)
Interest Paid, Net of Amounts Capitalized 95 91
Accrued Property, Plant and Equipment Expenditures 258 378
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 477 440
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 241 222
Provision for Deferred Income Taxes and ITC 32 53
Non-Cash Employee Benefit Plan (Credits) Costs (39) (26)
Cost of Removal (27) (24)
Net Change in Regulatory Assets and Liabilities (28) (80)
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues (39) 20
Fuel, Materials and Supplies (3) 0
Prepayments (8) 12
Accounts Payable (99) (45)
Accounts Receivable/Payable-Affiliated Companies, net 9 14
Other Current Assets and Liabilities 35 48
Employee Benefit Plan Funding and Related Payments 0 12
Other (33) (11)
Net Cash Provided By (Used In) Operating Activities 518 635
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (586) (620)
Proceeds from Sale of Available-for-Sale Securities 16 10
Investments in Available-for-Sale Securities (10) (10)
Solar Loan Investments 2 2
Other 4 2
Net Cash Provided By (Used In) Investing Activities (574) (616)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (100) (362)
Proceeds from Issuance of Other Long-term Debt 900 600
Redemption of Long-term Debt (300) 0
Cash Dividends Paid on Common Stock 0 (175)
Other (8) (6)
Net Cash Provided By (Used In) Financing Activities 492 57
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 436 76
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 233 50
Cash, Cash Equivalents and Restricted Cash at End of Period 669 126
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 51 11
Interest Paid, Net of Amounts Capitalized 81 74
Accrued Property, Plant and Equipment Expenditures 218 262
PSEG Power [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 161 13
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 92 94
Amortization of Nuclear Fuel 49 47
Emission Allowances and Renewable Energy Credit Compliance Accrual 43 33
Provision for Deferred Income Taxes and ITC 11 (52)
Non-Cash Employee Benefit Plan (Credits) Costs (5) 0
Interest Accretion on Asset Retirement Obligations 11 10
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 46 (106)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (68) 209
Net Change in Certain Current Assets and Liabilities:    
Fuel, Materials and Supplies 143 102
Margin Deposit (44) 55
Accounts Receivable 3 20
Accounts Payable (59) (44)
Accounts Receivable/Payable-Affiliated Companies, net 83 68
Other Current Assets and Liabilities 13 21
Employee Benefit Plan Funding and Related Payments (2) (1)
Other (2) 15
Net Cash Provided By (Used In) Operating Activities 475 484
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (46) (97)
Purchase of Emissions Allowances and RECs (12) (29)
Proceeds from Sale of Available-for-Sale Securities 610 569
Investments in Available-for-Sale Securities (621) (579)
Short-Term Loan-Affiliated Company 242 365
Other 11 11
Net Cash Provided By (Used In) Investing Activities (300) (490)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash Dividends Paid on Common Stock (175) 0
Other 0 (1)
Net Cash Provided By (Used In) Financing Activities (175) (1)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 0 (7)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 27 21
Cash, Cash Equivalents and Restricted Cash at End of Period 27 14
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 11 (16)
Interest Paid, Net of Amounts Capitalized 6 7
Accrued Property, Plant and Equipment Expenditures $ 40 $ 116