ComEd 2004 Annual Report Download - page 37

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Exelon Corporation
Consolidated Balance Sheets
December 31,
in millions 2004 2003
Liabilities and shareholders’ equity
Current liabilities
Commercial paper $ 490 $ 326
Note payable to Sithe Energies, Inc. –90
Long-term debt due within one year 427 1,385
Long-term debt to ComEd Transitional Funding Trust and PECO Energy Transitional Trust
due within one year 486 470
Accounts payable 1,255 1,238
Mark-to-market derivative liabilities 598 584
Accrued expenses 1,143 1,260
Liabilities held for sale –61
Other 483 306
Total current liabilities 4,882 5,720
Long-term debt 7,292 7,889
Long-term debt due to ComEd Transitional Funding Trust and PECO Energy Transitional Trust 4,311 5,055
Long-term debt to other financing trusts 545 545
Deferred credits and other liabilities
Deferred income taxes 4,488 4,320
Unamortized investment tax credits 275 288
Asset retirement obligations 3,981 2,997
Pension obligations 1,993 1,668
Non-pension postretirement benefits obligations 1,065 1,053
Spent nuclear fuel obligation 878 867
Regulatory liabilities 2,204 1,891
Mark-to-market derivative liabilities 323 141
Other 981 912
Total deferred credits and other liabilities 16,188 14,137
Total liabilities 33,218 33,346
Commitments and contingencies
Minority interest of consolidated subsidiaries 42 –
Preferred securities of subsidiaries 87 87
Shareholders’ equity
Common stock (No par value, 1,200 shares authorized, 666.7 and 656.4 shares outstanding
at December 31, 2004 and 2003, respectively) 7,598 7,292
Treasury stock, at cost (2.5 shares held at December 31, 2004) (82) –
Retained earnings 3,353 2,320
Accumulated other comprehensive loss (1,446) (1,109)
Total shareholders’ equity 9,423 8,503
Total liabilities and shareholders’ equity $42,770 $41,936
The information in the Consolidated Balance Sheets shown above is a replication of the information in the Consolidated Balance Sheets in Exelon’s 2004 Form 10-K. For
complete consolidated financial statements, including notes, please refer to pages 134 through 224 of Exelon’s 2004 Form 10-K filed with the SEC. See also manage-
ment’s discussion and analysis of financial condition and results of operation, which includes a discussion of critical accounting policies and estimates, on pages 46
through 130 of Exelon’s 2004 Form 10-K filed with the SEC.
EXELON CORPORATION AND SUBSIDIARY COMPANIES 35