Exelon 2014 Annual Report Download - page 129

Exelon Corporation and Subsidiary Companies
Consolidated Balance Sheets
December 31,
(In millions) 2014 2013
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Short-term borrowings $ 460 $ 341
Long-term debt due within one year 1,802 1,509
Accounts payable 3,048 2,484
Accrued expenses 1,539 1,633
Payables to affiliates 8 116
Deferred income taxes —40
Regulatory liabilities 310 327
Mark-to-market derivative liabilities 234 159
Unamortized energy contract liabilities 238 261
Other 1,123 858
Total current liabilities 8,762 7,728
Long-term debt 19,362 17,623
Long-term debt to financing trusts 648 648
Deferred credits and other liabilities
Deferred income taxes and unamortized investment tax credits 13,019 12,905
Asset retirement obligations 7,295 5,194
Pension obligations 3,366 1,876
Non-pension postretirement benefit obligations 1,742 2,190
Spent nuclear fuel obligation 1,021 1,021
Regulatory liabilities 4,550 4,388
Mark-to-market derivative liabilities 403 300
Unamortized energy contract liabilities 211 266
Payable for Zion Station decommissioning 155 305
Other 2,147 2,540
Total deferred credits and other liabilities 33,909 30,985
Total liabilities (a) 62,681 56,984
Commitments and contingencies
Shareholders’ equity
Common stock (No par value, 2,000 shares authorized, 860 and 857 shares outstanding at
December 31, 2014 and 2013, respectively) 16,709 16,741
Treasury stock, at cost (35 shares held at December 31, 2014 and 2013) (2,327) (2,327)
Retained earnings 10,910 10,358
Accumulated other comprehensive loss, net (2,684) (2,040)
Total shareholders’ equity 22,608 22,732
BGE preference stock not subject to mandatory redemption 193 193
Noncontrolling interest 1,332 15
Total equity 24,133 22,940
Total liabilities and shareholders’ equity $86,814 $79,924
(a) Exelon’s consolidated assets include $8,160 million and $1,755 million at December 31, 2014 and December 31, 2013, respectively, of certain VIEs that can only be
used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $2,723 million and $658 million at December 31, 2014 and December 31, 2013,
respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2—Variable Interest Entities.
See the Combined Notes to Consolidated Financial Statements
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