Exelon 2001 Annual Report Download - page 94

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92
(24) Quarterly Data (Unaudited)
The data shown below include all adjustments which Exelon considers necessary for a fair presentation of such amounts:
Income (Loss) Before
Extraordinary Items and
Cumulative Effect of a Change
Operating Revenues Operating Income in Accounting Principle Net Income (Loss)
2001 2000 2001 2000 (a) 2001 2000 2001 2000
Quarter ended:
March 31 $ 3,823 $ 1,353 $ 889 $ 352 $ 387 $ 167 $ 399 $ 191
June 30 3,651 1,385 792 309 315 119 315 116
September 30
As initially reported 4,285 1,629 912 446 403 233 403 232
As amended(b) 4,285 1,629 912 446 376 233 376 232
December 31(c) 3,381 3,132 769 420 338 47 338 47
Earnings per Share Before
Average Shares Extraordinary Items and
Outstanding Cumulative Effect of a Change Earnings per Share
(in millions) in Accounting Principle Net Income
2001 2000 2001 2000 2001 2000
Quarter ended:
March 31 320 181 $ 1.21 $ 0.92 $ 1.25 $ 1.05
June 30 321 174 0.98 0.69 0.98 0.67
September 30
As initially reported 321 170 1.26 1.37 1.26 1.37
As amended(b) 321 170 1.17 1.37 1.17 1.37
December 31(c) 320 283 1.06 0.17 1.06 0.17
(a) Reflects a $276 million charge ($177 million, net of income taxes) for merger-related costs consisting of $152 million of direct incremental costs and $124 million
for employee costs. Incremental merger expenses of $11 million, $9 million, $13 million and $13 million for each of the four quarters in 2000, respectively, were
reflected in Operating and Maintenance Expense.
(b)Reflects the effects of the quarter ended September 30, 2001 restatement. In January 2002, Exelon discovered that its September 30, 2001 financial
statements required a restatement for additional net realized and unrealized losses on investments of Generation’s nuclear decommissioning trust funds
that were incurred prior to September 30, 2001 but not recorded.
(c) Reflects the effects of the Unicom merger (October 20, 2000).