ComEd 2006 Annual Report Download - page 172

Commonwealth Edison Company and Subsidiary Companies
Consolidated Statements of Operations
For the Years Ended
December 31,
(in millions) 2006 2005 2004
Operating revenues
Operating revenues .......................................... $6,091 $6,253 $5,782
Operating revenues from affiliates .............................. 10 11 21
Total operating revenues .................................. 6,101 6,264 5,803
Operating expenses
Purchased power ............................................ 363 346 214
Purchased power from affiliate ................................. 2,929 3,174 2,374
Operating and maintenance .................................... 525 640 705
Operating and maintenance from affiliates ........................ 220 193 192
Impairment of goodwill ........................................ 776 1,207 —
Depreciation and amortization .................................. 430 413 410
Taxes other than income ...................................... 303 303 291
Total operating expenses .................................. 5,546 6,276 4,186
Operating income (loss) ......................................... 555 (12) 1,617
Other income and deductions
Interest expense ............................................. (236) (203) (258)
Interest expense to affiliates, net ................................ (72) (88) (91)
Equity in losses of unconsolidated affiliates ....................... (10) (14) (19)
Other, net .................................................. 96 4 (116)
Total other income and deductions .......................... (222) (301) (484)
Income (loss) before income taxes and cumulative effect of a change
in accounting principle ........................................ 333 (313) 1,133
Income taxes ................................................... 445 363 457
Income (loss) before cumulative effect of a change in accounting
principle ..................................................... (112) (676) 676
Cumulative effect of a change in accounting principle (net of income
taxes of $0, $(6) and $0, respectively) ........................... — (9) —
Net income (loss) ............................................... $ (112) $ (685) $ 676
See Combined Notes to Consolidated Financial Statements
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