ComEd 2006 Annual Report Download - page 308

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)
(b) Includes investment income and net realized gains.
(c) Includes the elimination of non-operating decommissioning-related activity for those units that are subject to regulatory
accounting, including the elimination of decommissioning trust fund income and other-than-temporary impairments for
certain nuclear units. See Note 13—Asset Retirement Obligations and Note 9—Fair Value of Financial Assets and Liabilities
for more information regarding the regulatory accounting applied for certain nuclear units.
(d) Includes other-than-temporary impairments for 2004 totaling $255 million, $5 million and $8 million on nuclear
decommissioning trust funds for the former ComEd units, the former PECO units and the AmerGen units, respectively.
Supplemental Cash Flow Information
As a result of adopting FIN 47 as of December 31, 2005, Exelon, Generation, ComEd and PECO
recorded an ARC, which was capitalized as an increase to the carrying amount of long-lived assets
associated with liabilities recorded for conditional AROs. Of the total ARC, $29 million, $22 million, $5
million and $2 million resulted in a non-cash investing activity for Exelon, Generation, ComEd and
PECO, respectively, as of December 31, 2005. See Note 13—Asset Retirement Obligations for
additional information on the adoption of FIN 47. In addition to this non-cash activity, the following table
provides additional information about the Registrants’ Consolidated Statements of Cash Flows for the
years ended December 31, 2006, 2005 and 2004.
For the Year Ended December 31, 2006 Exelon Generation ComEd PECO
Cash paid during the year
Interest (net of amount capitalized) ...................... $ 664 $ 93 $249 $261
Income taxes (net of refunds) .......................... 1,044 633 344 383
Impairment charges
Impairment of goodwill ................................ $ 776 $ — $776 $—
Impairment of intangible assets ......................... 115 — — —
Other .............................................. 3 — — —
Total impairment charges .............................. $ 894 $ — $776 $—
Other non-cash operating activities
Pension and non-pension postretirement benefits costs ..... $ 258 $114 $ 72 $ 30
Provision for uncollectible accounts ..................... 94 2 33 58
Equity in losses of unconsolidated affiliates ............... 111 9 10 9
Other decommissioning-related activities ................. (131) (131) — —
Amortization of energy related options ................... 107 107 — —
Amortization of deferred revenue ....................... (86) (86) — —
Spent nuclear fuel interest expense ..................... 44 44 — —
Non-cash accounts receivable activity ................... (63) — — —
Write-off Merger-related capitalized costs (a) ............... 46 — — —
2006 ICC rate orders (b) ............................... (288) — (288) —
Other .............................................. 105 (6) 39 12
Total other non-cash operating activities ................. $ 197 $ 53 $(134) $109
(a) Represents the Merger-related capitalized costs paid prior to 2006.
(b) See Note 4—Regulatory Issues.
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