Exelon 2005 Annual Report Download - page 37

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Exelon Corporation and Subsidiary Companies
Consolidated Balance Sheets
December 31,
(in millions) 2005 2004
Liabilities and shareholders’ equity
Current liabilities
Commercial paper and notes payable $ 1,290 $ 490
Long-term debt due within one year 407 427
Long-term debt to ComEd Transitional Funding Trust and PECO Energy Transitional Trust due within
one year 507 486
Accounts payable 1,467 1,255
Mark-to-market derivative liabilities 1,282 598
Accrued expenses 1,005 1,097
Other 605 483
Total current liabilities 6,563 4,836
Long-term debt 7,759 7,292
Long-term debt due to ComEd Transitional Funding Trust and PECO Energy Transitional Trust 3,456 4,311
Long-term debt to other financing trusts 545 545
Deferred credits and other liabilities
Deferred income taxes 4,816 4,488
Unamortized investment tax credits 262 275
Asset retirement obligations 4,157 3,981
Pension obligations 268 1,993
Non-pension postretirement benefits obligations 1,014 1,065
Spent nuclear fuel obligation 906 878
Regulatory liabilities 2,170 2,204
Mark-to-market derivative liabilities 462 323
Other 798 915
Total deferred credits and other liabilities 14,853 16,122
Total liabilities 33,176 33,106
Commitments and contingencies
Minority interest of consolidated subsidiaries 142
Preferred securities of subsidiaries 87 87
Shareholders’ equity
Common stock (No par value, 2,000 shares authorized, 666.4 and 664.2 shares outstanding at
December 31, 2005 and 2004, respectively) 7,987 7,664
Treasury stock, at cost (9.4 and 2.5 shares held at December 31, 2005 and 2004, respectively) (444) (82)
Retained earnings 3,206 3,353
Accumulated other comprehensive loss (1,624) (1,446)
Total shareholders’ equity 9,125 9,489
Total liabilities and shareholders’ equity $42,389 $42,724
The information in the Consolidated Balance Sheets shown above is a replication of the information in the Consolidated Balance Sheets in Exelon’s 2005 Form 10-K. For
complete consolidated financial statements, including notes, please refer to pages 157 through 264 of Exelon’s 2005 Form 10-K filed with the SEC. See also
management’s discussion and analysis of financial condition and results of operation, which includes a discussion of critical accounting policies and estimates, on pages
78 through 148 of Exelon’s 2005 Form 10-K filed with the SEC.
EXELON CORPORATION AND SUBSIDIARY COMPANIES 35