Exelon 2015 Annual Report Download - page 428

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
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, 2015, 2014, and 2013 is as follows:
Generation ComEd PECO BGE Other
Intersegment
Eliminations Exelon
Operating revenues :
2015
Competitive businesses electric revenues $ 15,944 $ — $ — $ — $ — $ (744) $15,200
Competitive businesses natural gas revenues 2,433 — — — — — 2,433
Competitive businesses other revenues 758 — — — — (1) 757
Rate-regulated electric revenues — 4,905 2,486 2,490 — (5) 9,876
Rate-regulated natural gas revenues — — 546 645 — (15) 1,176
Shared service and other revenues — — — — 1,372 (1,367) 5
2014
Competitive businesses electric revenues $ 14,533 $ — $ — $ — $ — $ (760) $13,773
Competitive businesses natural gas revenues 2,705 — — — — (1) 2,704
Competitive businesses other revenues 155 — — — — (1) 154
Rate-regulated electric revenues — 4,564 2,448 2,460 — (5) 9,467
Rate-regulated natural gas revenues — — 646 705 — (26) 1,325
Shared service and other revenues — — — — 1,285 (1,279) 6
2013
Competitive businesses electric revenues $ 13,862 $ — $ — $ — $ — $ (1,366) $12,496
Competitive businesses natural gas revenues 1,721 — — — — — 1,721
Competitive businesses other revenues 47 — — — — (1) 46
Rate-regulated electric revenues — 4,464 2,500 2,405 — (4) 9,365
Rate-regulated natural gas revenues — — 600 660 — (14) 1,246
Shared service and other revenues — — — — 1,241 (1,227) 14
Intersegment revenues :
2015 $ 745 $ 4 $ 2 $ 14 $ 1,367 $ (2,127) $ 5
2014 762 4 2 25 1,280 (2,067) 6
2013 1,367 3 1 13 1,237 (2,607) 14
Depreciation and amortization
2015 $ 1,054 $ 707 $ 260 $ 366 $ 63 $ — $ 2,450
2014 967 687 236 371 53 — 2,314
2013 856 669 228 348 52 — 2,153
Operating expenses :
2015 $ 16,872 $ 3,889 $ 2,404 $2,578 $ 1,444 $ (2,131) $25,056
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
Equity in earnings (losses) of unconsolidated affiliates
2015 $ (8) $ — $ — $ — $ 1 $ — $ (7)
2014 (20) — — — — — (20)
2013 10 — — — — — 10
Interest expense, net:
2015 $ 365 $ 332 $ 114 $ 99 $ 123 $ — $ 1,033
2014 356 321 113 106 169 — 1,065
2013 357 579 115 122 183 — 1,356
Income (loss) before income taxes:
2015 $ 1,850 $ 706 $ 521 $ 477 $ (219) $ (5) $ 3,330
2014 1,226 676 466 351 (227) (6) 2,486
2013 1,675 401 557 344 (191) (13) 2,773
Income taxes:
2015 $ 502 $ 280 $ 143 $ 189 $ (41) $ — $ 1,073
2014 207 268 114 140 (63) — 666
2013 615 152 162 134 (20) 1 1,044
Net income (loss):
2015 $ 1,340 $ 426 $ 378 $ 288 $ (177) $ (5) $ 2,250
2014 1,019 408 352 211 (164) (6) 1,820
2013 1,060 249 395 210 (171) (14) 1,729
Capital expenditures:
2015 $ 3,841 $ 2,398 $ 601 $ 719 $ 65 $ — 7,624
2014 3,012 1,689 661 620 95 — 6,077
2013 2,752 1,433 537 587 86 — 5,395
Total assets:
2015 $ 46,529 $26,532 $10,367 $8,295 $ 15,389 $ (11,728) $95,384
2014 44,951 25,358 9,860 8,056 9,711 (11,520) 86,416
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(a) (b)
(c)
(d)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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