Exelon 2001 Annual Report Download - page 70

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68
Supplemental Cash Flow Information
For the Years Ended December 31,
2001 2000 1999
Cash paid during the year:
Interest (net of amount capitalized) $ 963 $ 519 $ 350
Income Taxes (net of refunds) $ 749 $ 272 $ 304
Non-cash investing and financing:
Regulatory Asset Fair Value Adjustment $ 347 – –
Purchase Accounting Estimate Adjustments $ (85) – –
Issuance of Exelon Shares for Unicom – $ 5,310 –
Issuance of InfraSource stock $ 35 $ 14 $ 11
Depreciation and amortization:
Property, plant and equipment $ 702 $ 325 $ 207
Nuclear fuel 393 149 104
Regulatory assets 445 53 –
Decommissioning 144 46 29
Goodwill 150 34 1
Leased property ––17
Total Depreciation and Amortization $ 1,834 $ 607 $ 358
Supplemental Balance Sheet Information
Investments
December 31,
2001 2000
Investment in Sithe $725 $ 704
Direct financing leases 427 409
Energy services and other ventures 161 170
Communication ventures 116 97
Investment in AmerGen 113 44
Affordable housing projects 98 88
Investment in subsidiaries and joint ventures 26 34
Total $1,666 $ 1,546
Prior to the Merger, Unicom entered into a like-kind exchange transaction pursuant to which approximately $1.6 billion was
invested in passive generating station leases with two separate entities unrelated to Exelon. The generating stations were
leased back to such entities as part of the transaction. For financial accounting purposes, the investments are accounted for
as direct financing lease investments. Under the terms of the lease agreements,Exelon received a prepayment of $1.2 billion
in the fourth quarter of 2000, which reduced the investment in the lease. The remaining payments are payable at the end
of the thirty year lease and there are no minimum scheduled lease payments to be received over the next five years. The
components of the net investment in the direct financing leases are as follows:
December 31,
2001 2000
Total minimum lease payments $ 1,492 $ 1,492
Less: Unearned income 1,065 1,083
Net investment in direct financing leases $ 427 $ 409