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Consolidated฀Statements฀of฀Operations
Exelon฀Corporation฀and฀Subsidiary฀Companies
34
฀฀For฀the฀Years฀Ended฀December฀31,
(in฀millions,฀except฀for฀per฀share฀data)฀ ฀ ฀ 2008฀ 2007฀฀ 2006
Operating฀revenues฀ $฀ 18,859฀ $฀ 18,916฀ $฀ 15,655
Operating฀expenses฀
฀ Purchased฀power฀ ฀ 4,270฀ ฀ 5,282฀ ฀ 2,683
฀ Fuel฀ ฀ 2,312฀ ฀ 2,360฀ ฀ 2,549
฀ Operating฀and฀maintenance฀ ฀ 4,566฀ ฀ 4,289฀ ฀ 3,868
฀ Impairment฀of฀goodwill฀ ฀ –฀ ฀ –฀ ฀ 776
฀ Depreciation฀and฀amortization฀ ฀ 1,634฀ ฀ 1,520฀ ฀ 1,487
฀ Taxes฀other฀than฀income฀ ฀ 778฀ ฀ 797฀ ฀ 771
฀ Total฀operating฀expenses฀ ฀ 13,560฀ ฀ 14,248฀ ฀ 12,134
Operating฀income฀ ฀ 5,299฀ ฀ 4,668฀ ฀ 3,521
Other฀income฀and฀deductions฀ ฀฀ ฀฀ ฀
฀ Interest฀expense฀ ฀ (699)฀ ฀ (647)฀ ฀ (616)
฀ Interest฀expense฀to฀afliates,฀net฀ ฀ (133)฀ ฀ (203)฀ ฀ (264)
฀ Equity฀in฀losses฀of฀unconsolidated฀afliates฀ ฀ (26)฀ ฀ (106)฀ ฀ (111)
฀ Other,฀net฀ ฀ (407)฀ ฀ 460฀ ฀ 266
฀ Total฀other฀income฀and฀deductions฀ ฀ (1,265)฀ ฀ (496)฀ ฀ (725)
Income฀from฀continuing฀operations฀before฀income฀taxes฀ ฀ 4,034฀ ฀ 4,172฀ ฀ 2,796
Income฀taxes฀ ฀ 1,317฀ ฀ 1,446฀ ฀ 1,206
Income฀from฀continuing฀operations฀ ฀ 2,717฀ ฀ 2,726฀ ฀ 1,590
Discontinued฀operations฀ ฀฀ ฀฀ ฀
฀ Income฀(loss)฀from฀discontinued฀operations฀(net฀of฀taxes฀of฀$1,฀$3฀and฀$0,respectively)฀ ฀ (1)฀ ฀ 6฀ ฀ (2)
฀ Gain฀on฀disposal฀of฀discontinued฀operations฀(net฀of฀taxes฀of฀$14,฀$2฀and฀$2,respectively)฀ ฀ 21฀ ฀ 4฀ ฀ 4
Income฀from฀discontinued฀operations฀ ฀ 20฀ ฀ 10฀ ฀ 2
Net฀income฀ $฀ 2,737฀ $฀ 2,736฀ $฀ 1,592