ComEd 2006 Annual Report Download - page 208

Exelon Corporation and Subsidiary Companies
Exelon Generation Company, LLC and Subsidiary Companies
Commonwealth Edison Company and Subsidiary Companies
PECO Energy Company and Subsidiary Companies
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
The following tables set forth Exelon’s net income and basic and diluted earnings per common
share for the years ended December 31, 2005 and 2004, adjusted as if FIN 46-R, EITF 03-16, and FIN
47 had been applied during those periods. FIN 46-R, EITF 03-16 and FIN 47 had adoption dates of
March 31, 2004, July 1, 2004, and December 31, 2005, respectively.
2005 2004
Reported income before cumulative effect of changes in accounting principles ...... $965 $1,841
Pro forma earnings effects (net of income taxes):
FIN47 .............................................................. (5) (4)
EITF 03-16 .......................................................... — (1)
Pro forma income before cumulative effect of changes in accounting principles ...... $960 $1,836
Reported net income ...................................................... $923 $1,864
Pro forma earnings effects (net of income taxes):
FIN47 .............................................................. (5) (4)
EITF 03-16 .......................................................... — (1)
Reported cumulative effects of changes in accounting principles:
FIN47 .............................................................. 42 —
EITF 03-16 .......................................................... — 9
FIN 46-R ............................................................ — (32)
Pro forma net income ..................................................... $960 $1,836
2005 2004
Basic earnings per common share:
Reported income before cumulative effect of changes in accounting principles ...... $1.44 $ 2.79
Pro forma income before cumulative effect of changes in accounting principles ...... 1.43 2.78
Reported net income ...................................................... 1.38 2.82
Pro forma net income ..................................................... 1.43 2.78
2005 2004
Diluted earnings per common share:
Reported income before cumulative effect of changes in accounting principles ...... $1.42 $ 2.75
Pro forma income before cumulative effect of changes in accounting principles ...... 1.42 2.74
Reported net income ...................................................... 1.36 2.78
Pro forma net income ..................................................... 1.42 2.74
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