Exelon 2015 Annual Report Download - page 79

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
Exelon
The selected financial data presented below has been derived from the audited consolidated financial statements of Exelon. This data is
qualified in its entirety by reference to and should be read in conjunction with Exelon’s Consolidated Financial Statements and ITEM 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
For the Years Ended December 31,
(In millions, except per share data) 2015 2014 2013 2012 2011
Statement of Operations data:
Operating revenues $29,447 $27,429 $24,888 $23,489 $19,063
Operating income 4,409 3,096 3,669 2,373 4,479
Income from continuing operations 2,250 1,820 1,729 1,171 2,499
Net income 2,250 1,820 1,729 1,171 2,499
Net income attributable to common shareholders 2,269 1,623 1,719 1,160 2,495
Earnings per average common share (diluted):
Income from continuing operations $ 2.54 $ 1.88 $ 2.00 $ 1.42 $ 3.75
Net income $ 2.54 $ 1.88 $ 2.00 $ 1.42 $ 3.75
Dividends per common share $ 1.24 $ 1.24 $ 1.46 $ 2.10 $ 2.10
Average shares of common stock outstanding—diluted 893 864 860 819 665
(a) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, the 2014 financial results include CENG’s results of operations on a fully
consolidated basis.
(b) 2012 financial results include the activity of Constellation from the merger effective date of March 12, 2012 through December 31, 2012.
December 31,
(In millions) 2015 2014 2013 2012 2011
Balance Sheet data:
Current assets $15,334 $11,853 $ 9,562 $10,009 $ 5,713
Property, plant and equipment, net 57,439 52,170 47,330 45,186 32,570
Noncurrent regulatory assets 6,065 6,076 5,910 6,497 4,518
Goodwill 2,672 2,672 2,625 2,625 2,625
Other deferred debits and other assets 13,874 13,645 13,816 14,033 9,498
Total assets $95,384 $86,416 $79,243 $78,350 $54,924
Current liabilities $ 9,118 $ 8,762 $ 7,686 $ 7,734 $ 5,134
Long-term debt, including long-term debt to financing trusts 24,286 19,853 18,165 18,266 12,118
Noncurrent regulatory liabilities 4,201 4,550 4,388 3,981 3,627
Other deferred credits and other liabilities 30,457 29,118 26,064 26,552 19,570
Contingently redeemable noncontrolling interest 28 — — — —
Preferred securities of subsidiary — — — 87 87
Noncontrolling interest 1,308 1,332 15 106 3
BGE preference stock not subject to mandatory redemption 193 193 193 193 —
Shareholders’ equity 25,793 22,608 22,732 21,431 14,385
Total liabilities and shareholders’ equity $95,384 $86,416 $79,243 $78,350 $54,924
(a) Represents mezzanine equity related to contingently redeemable equity contributions made by a noncontrolling interest holder of one of Generation’s subsidiaries. See Note 18—
Contingently Redeemable Noncontrolling Interest for further information.
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(a) (b)
(a)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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