Exelon 2011 Annual Report Download - page 36

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34
Consolidated Statements of Operations and Comprehensive Income
Exelon Corporation and Subsidiary Companies
For the years ended Dec. 31,
(Dollars In millions, except per share data) 2011 2010 2009
Operating revenues $ 18,924 $ 18,644 $ 17,318
Operating expenses
Purchased power 5,284 4,425 3,215
Fuel 1,844 2,010 2,066
Operating and maintenance 5,012 4,453 4,612
Operating and maintenance for regulatory required programs (a) 184 147 63
Depreciation and amortization 1,335 2,075 1,834
Taxes other than income 785 808 778
Total operating expenses 14,444 13,918 12,568
Operating income 4,480 4,726 4,750
Other income and deductions
Interest expense, net (701) (792) (654)
Interest expense to affiliates, net (25) (25) (77)
Loss in equity method investments (1) — (27)
Other, net 199 312 427
Total other income and deductions (528) (505) (331)
Income before income taxes 3,952 4,221 4,419
Income taxes 1,457 1,658 1,712
Net income $ 2,495 $ 2,563 $ 2,707
(a) Includes amounts for various legislative and/or regulatory programs that are recoverable from customers on a full and current basis through a reconcilable automatic adjustment clause. An equal
and offsetting amount has been reflected in operating revenues.