Exelon 2015 Annual Report Download - page 439

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
(c) BGE receives a variety of corporate support services from BSC, including legal, human resources, financial, information technology and supply management services. All services
are provided at cost, including applicable overhead. A portion of such services is capitalized.
(d) The voluntary employee benefit association trusts covering active employees are included in corporate operations and are funded by the Registrants. A prepayment to the active
welfare plans has accumulated due to actuarially determined contribution rates, which are the basis for BGE’s contributions to the plans, being higher than actual claim expense
incurred by the plans over time. The prepayment is included in other current assets.
27. Quarterly Data (Unaudited) (Exelon, Generation, ComEd, PECO and BGE)
Exelon
The data shown below, which may not equal the total for the year due to the effects of rounding and dilution, includes all adjustments that
Exelon considers necessary for a fair presentation of such amounts:
Operating Revenues Operating Income
Net Income
on Common
Stock
2015 2014 2015 2014 2015 2014
Quarter ended:
March 31 $ 8,830 $ 7,237 $1,366 $ 168 $693 $ 90
June 30 6,514 6,024 1,134 842 638 522
September 30 7,401 6,912 1,200 1,738 629 993
December 31 6,702 7,255 707 348 309 18
(a) In the first, second, and third quarter of 2015, Exelon reclassified $(1) million, $7 million, and $2 million, respectively, to Operating income for presentation purposes in Exelon’s
Consolidated Statements of Operations and Comprehensive Income. The reclassifications did not affect Exelon’s Net (Loss) Income on Common Stock.
(b) In the first, second, and third quarter of 2014, Exelon reclassified $5 million, $13 million, and $339 million, respectively, to Operating income for presentation purposes in Exelon’s
Consolidated Statements of Operations and Comprehensive Income. The reclassifications did not affect Exelon’s Net (Loss) Income on Common Stock.
(c) Includes charges to earnings related to the impairments of certain generating assets which were held for sale and certain Upstream exploration assets. See Note 8—Impairment of
Long-Lived Assets of the Combined Notes to Consolidated Financial Statements for additional information.
Average Basic Shares
Outstanding
(in millions)
Net Income
per Basic Share
2015 2014 2015 2014
Quarter ended:
March 31 862 858 $0.80 $0.10
June 30 863 860 0.74 0.61
September 30 913 861 0.69 1.15
December 31 921 861 0.34 0.02
Average Diluted Shares
Outstanding
(in millions)
Net Income
per Diluted Share
2015 2014 2015 2014
Quarter ended:
March 31 867 861 $ 0.80 $ 0.10
June 30 866 864 0.74 0.60
September 30 915 863 0.69 1.15
December 31 924 868 0.33 0.02
432
(a) (b)
(a) (b)
(a) (b)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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