ComEd 2003 Annual Report Download - page 136
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134 Notes to Consolidated Financial Statements
EXELON CORPORATION AND SUBSIDIARY COMPANIES
The following table presents average shares of common
stock outstanding (basic and diluted), earnings per aver-
age common share (basic and diluted) and dividends per
common share for the years ended December 31, 2003, 2002
and 2001 on a pro forma basis as if the stock split had
been reflected in the accompanying consolidated financial
statements.
For the Years Ended December 31,
2003 2002 2001
Pro forma average shares of common stock outstanding
Basic 651 645 641
Diluted 657 649 645
Pro forma earnings per average common share–basic:
Income before cumulative effect of changes in accounting principles $ 1.22 $ 2.59 $ 2.21
Cumulative effect of changes in accounting principles 0.17 (0.36) 0.02
Net income $ 1.39 $ 2.23 $ 2.23
Pro forma earnings per average common share–diluted:
Income before cumulative effect of changes in accounting principles $ 1.21 $ 2.57 $ 2.19
Cumulative effect of changes in accounting principles 0.17 (0.35) 0.02
Net income $ 1.38 $ 2.22 $ 2.21
Pro forma dividends per common share $0.96 $ 0.88 $ 0.91