ComEd 2006 Annual Report Download - page 166

Exelon Generation Company, LLC and Subsidiary Companies
Consolidated Statements of Operations
For the Years Ended
December 31,
(in millions) 2006 2005 2004
Operating revenues
Operating revenues .......................................... $4,401 $4,198 $3,862
Operating revenues from affiliates .............................. 4,742 4,848 3,841
Total operating revenues .................................. 9,143 9,046 7,703
Operating expenses
Purchased power ............................................ 2,027 2,569 2,307
Fuel ....................................................... 1,951 1,913 1,704
Operating and maintenance .................................... 2,041 2,051 1,962
Operating and maintenance from affiliates ........................ 264 237 239
Depreciation and amortization .................................. 279 254 286
Taxes other than income ...................................... 185 170 166
Total operating expense ................................... 6,747 7,194 6,664
Operating income ............................................... 2,396 1,852 1,039
Other income and deductions
Interest expense ............................................. (155) (125) (100)
Interest expense to affiliates, net ................................ (4) (3) (3)
Equity in losses of unconsolidated affiliates ....................... (9) (1) (14)
Other, net .................................................. 41 95 130
Total other income and deductions .......................... (127) (34) 13
Income from continuing operations before income taxes and minority
interest ...................................................... 2,269 1,818 1,052
Income taxes ................................................... 866 709 401
Income from continuing operations before minority interest ......... 1,403 1,109 651
Minority interest ................................................ — — 6
Income from continuing operations ............................... 1,403 1,109 657
Discontinued operations
Loss from discontinued operations (net of taxes of $0, $(1) and $(29),
respectively) .............................................. — — (16)
Gain on disposal of discontinued operations (net of taxes of $2, $6 and
$0, respectively) ........................................... 4 19 —
Income (loss) from discontinued operations ................... 4 19 (16)
Income before cumulative effect of changes in accounting
principles .................................................... 1,407 1,128 641
Cumulative effect of changes in accounting principles (net of income
taxes of $0, $(19) and $22, respectively) ......................... — (30) 32
Net income .................................................... $1,407 $1,098 $ 673
See Combined Notes to Consolidated Financial Statements
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