Exelon 2015 Annual Report Download - page 80

Table of Contents
Generation
The selected financial data presented below has been derived from the audited consolidated financial statements of Generation. This data is
qualified in its entirety by reference to and should be read in conjunction with Generation’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) 2015 2014 2013 2012 2011
Statement of Operations data:
Operating revenues $19,135 $17,393 $15,630 $14,437 $10,447
Operating income 2,275 1,176 1,677 1,113 2,875
Net income 1,340 1,019 1,060 558 1,771
Net income attributable to membership interest 1,372 835 1,070 562 1,771
(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 $ 6,342 $ 7,311 $ 5,964 $ 6,211 $ 3,217
Property, plant and equipment, net 25,843 23,028 20,111 19,531 13,475
Other deferred debits and other assets 14,344 14,612 14,625 14,906 10,714
Total assets $46,529 $44,951 $40,700 $40,648 $27,406
Current liabilities $ 4,933 $ 4,459 $ 3,842 $ 3,969 $ 1,899
Long-term debt 8,869 7,582 7,111 7,422 3,647
Other deferred credits and other liabilities 19,757 18,859 17,005 16,592 13,152
Contingently redeemable noncontrolling interest 28 — — — —
Noncontrolling interest 1,307 1,333 17 108 5
Member’s equity 11,635 12,718 12,725 12,557 8,703
Total liabilities and member’s equity $46,529 $44,951 $40,700 $40,648 $27,406
(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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