Exelon 2014 Annual Report Download - page 281

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Shores, Wagner, and C.P. Crane Maryland generating stations, and other miscellaneous revenues, unrealized mark-to-market
impact of economic hedging activities, and amortization of certain intangible assets relating to commodity contracts recorded at fair
value are also not allocated to a region. Exelon and Generation do not use a measure of total assets in making decisions regarding
allocating resources to or assessing the performance of these reportable segments.
An analysis and reconciliation of the Registrants’ reportable segment information to the respective information in the consolidated
financial statements for the years ended December 31, 2014, 2013, and 2012 is as follows:
Generation (a) ComEd PECO BGE (b)
Other
(c)
Intersegment
Eliminations Exelon
Operating revenues (d):
2014 ....................................... $17,393 $ 4,564 $3,094 $3,165 $1,285 $ (2,072) $27,429
2013 ....................................... 15,630 4,464 3,100 3,065 1,241 (2,612) 24,888
2012 ....................................... 14,437 5,443 3,186 2,091 1,396 (3,064) 23,489
Intersegment revenues (e):
2014 ....................................... $ 762 $ 4 $ 2 $ 25 $1,280 $ (2,067) $ 6
2013 ....................................... 1,367 3 1 13 1,237 (2,607) 14
2012 ....................................... 1,660 2 3 9 1,381 (3,049) 6
Depreciation and amortization
2014 ....................................... $ 967 $ 687 $ 236 $ 371 $ 53 $ — $ 2,314
2013 ....................................... 856 669 228 348 52 — 2,153
2012 ....................................... 768 610 217 238 48 — 1,881
Operating expenses (d):
2014 ....................................... $16,923 $ 3,586 $2,522 $2,726 $1,353 $ (2,071) $25,039
2013 ....................................... 13,976 3,510 2,434 2,616 1,324 (2,618) 21,242
2012 ....................................... 13,226 4,557 2,563 2,053 1,662 (3,043) 21,018
Equity in earnings (losses) of
unconsolidated affiliates
2014 ....................................... $ (20) $ — $ — $ — $ — $ — $ (20)
2013 ....................................... 10 — — — — — 10
2012 ....................................... (91) — — — — — (91)
Interest expense, net:
2014 ....................................... $ 356 $ 321 $ 113 $ 106 $ 169 $ — $ 1,065
2013 ....................................... 357 579 115 122 183 — 1,356
2012 ....................................... 301 307 123 111 86 — 928
Income (loss) before income
taxes:
2014 ....................................... $ 1,226 $ 676 $ 466 $ 351 $ (227) $ (6) $ 2,486
2013 ....................................... 1,675 401 557 344 (191) (13) 2,773
2012 ....................................... 1,058 618 508 (54) (325) (7) 1,798
Income taxes:
2014 ....................................... $ 207 $ 268 $ 114 $ 140 $ (63) $ — $ 666
2013 ....................................... 615 152 162 134 (20) 1 1,044
2012 ....................................... 500 239 127 (23) (215) (1) 627
Net income (loss):
2014 ....................................... $ 1,019 $ 408 $ 352 $ 211 $ (164) $ (6) $ 1,820
2013 ....................................... 1,060 249 395 210 (171) (14) 1,729
2012 ....................................... 558 379 381 (31) (110) (6) 1,171
Capital expenditures:
2014 ....................................... $ 3,012 $ 1,689 $ 661 $ 620 $ 95 $ — $ 6,077
2013 ....................................... 2,752 1,433 537 587 86 — 5,395
2012 ....................................... 3,554 1,246 422 500 67 — 5,789
Total assets:
2014 ....................................... $45,348 $25,392 $9,943 $8,078 $9,794 $(11,741) $86,814
2013 ....................................... 41,232 24,118 9,617 7,861 8,317 (11,221) 79,924
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