ComEd 2008 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2008 ComEd annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 46

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46

Summary฀Annual฀Report
Summary฀of฀Earnings฀and฀Financial฀Condition
For฀the฀Years฀Ended฀December฀31,
in฀millions,฀except฀for฀per฀share฀data฀ 2008฀ 2007฀฀ 2006฀฀ 2005฀฀ 2004฀
Statement฀of฀Operations฀data:฀
Operating฀revenues฀ $฀ 18,859฀ $฀ 18,916฀ $฀ 15,655฀ $฀ 15,357฀ $฀ 14,133
Operating฀income฀ ฀ 5,299฀ ฀ 4,668฀ ฀ 3,521฀ ฀ 2,724฀ ฀ 3,499
Income฀from฀continuing฀operations฀฀ $฀ 2,717฀ $฀ 2,726฀ $฀ 1,590฀ $฀ 951฀ $฀ 1,870
Income฀(loss)฀from฀discontinued฀operations฀ ฀ 20฀ ฀ 10฀ ฀ 2฀ ฀ 14฀ ฀ (29)
Income฀before฀cumulative฀effect฀of฀changes฀in฀accounting฀principles฀ ฀ 2,737฀ ฀ 2,736฀ ฀ 1,592฀ ฀ 965฀ ฀ 1,841
Cumulative฀effect฀of฀changes฀in฀accounting฀principles
฀฀ (net฀of฀income฀taxes)฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ (42)฀ ฀ 23
Net฀income฀(a)฀ $฀ 2,737฀ $฀ 2,736฀ $฀ 1,592฀ $฀ 923฀ $฀ 1,864
Earnings฀per฀average฀common฀share฀(diluted):฀ ฀฀ ฀฀ ฀฀ ฀฀ ฀
Income฀from฀continuing฀operations฀฀ $฀ 4.10฀ $฀ 4.03฀ $฀ 2.35฀ $฀ 1.40฀ $฀ 2.79
Income฀(loss)฀from฀discontinued฀operations฀ ฀ 0.03฀ ฀ 0.02฀ ฀ –฀ ฀ 0.02฀ ฀ (0.04)
Cumulative฀effect฀of฀changes฀in฀accounting฀principles
฀ (net฀of฀income฀taxes)฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ (0.06)฀ ฀ 0.03
Net฀income฀ $฀ 4.13฀ $฀ 4.05฀ $฀ 2.35฀ $฀ 1.36฀ $฀ 2.78
Dividends฀per฀common฀share฀ $฀ 2.03฀ $฀ 1.76฀ $฀ 1.60฀ $฀ 1.60฀ $฀ 1.26
Average฀shares฀of฀common฀stock฀outstanding฀–฀diluted฀ ฀ 662฀ ฀ 676฀ ฀ 676฀ ฀ 676฀ ฀ 669
(a)฀ ฀The฀changes฀between฀2007฀and฀2006;฀2006฀and฀2005;฀and฀2005฀and฀2004฀were฀primarily฀due฀to฀the฀impact฀of฀the฀goodwill฀impairment฀charges฀of฀$776฀million฀and฀$1.2฀billion฀in฀2006฀and฀2005,฀respectively.฀
23