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
CEG$267.76-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net income (loss) | $1,891 | $2,888 |
| Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities | ||
| Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization | 1,945 | 2,049 |
| Deferred income taxes and amortization of ITCs | 248 | 358 |
| Net fair value changes related to derivatives | 328 | (1,161) |
| Net realized and unrealized (gains) losses on NDT funds | (588) | (475) |
| Net realized and unrealized (gains) losses on equity investments | 256 | 115 |
| Other non-cash operating activities | (139) | (195) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (201) | 1,085 |
| Receivables from and payables to affiliates, net | (51) | 238 |
| Inventories | (62) | 31 |
| Accounts payable and accrued expenses | (36) | (38) |
| Option premiums received (paid), net | 49 | 159 |
| Collateral received (posted), net | (192) | 1,495 |
| Income taxes | 423 | 154 |
| Pension and non-pension postretirement benefit contributions | (193) | (178) |
| Other assets and liabilities | (346) | (7,977) |
| Net cash flows provided by (used in) operating activities | 3,332 | (1,452) |
| Cash flows from investing activities | ||
| Capital expenditures | (1,963) | (1,836) |
| Proceeds from NDT fund sales | 5,525 | 4,934 |
| Investment in NDT funds | (5,773) | (5,140) |
| Collection of DPP, net | — | 7,104 |
| Acquisitions of assets and businesses | (13) | (22) |
| Other investing activities | 3 | 16 |
| Net cash flows provided by (used in) investing activities | (2,221) | 5,056 |
| Cash flows from financing activities | ||
| Change in short-term borrowings | — | (1,105) |
| Proceeds from short-term borrowings with maturities greater than 90 days | 1,650 | 200 |
| Repayments of short-term borrowings with maturities greater than 90 days | — | (739) |
| Issuance of long-term debt | — | 900 |
| Retirement of long-term debt | (1,036) | (99) |
| Distributions to member | (914) | (1,331) |
| Contributions from member | 156 | — |
| Other financing activities | (45) | — |
| Net cash flows provided by (used in) financing activities | (189) | (2,174) |
| Increase (decrease) in cash, restricted cash, and cash equivalents | 922 | 1,430 |
| Cash, restricted cash, and cash equivalents at beginning of period | 3,115 | 440 |
| Cash, restricted cash, and cash equivalents at end of period | $4,037 | $1,870 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Increase (decrease) in DPP | $— | $7,682 |
| Increase (decrease) in PP&E related to ARO update | 188 | (1,475) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.