Exelon 2015 Annual Report Download - page 580

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    
Pre-tax income from continuing operations 3,952 1,798 2,773 2,486 3,330
Plus: Loss from equity investees 1 91 (10) 20 —
Less: Capitalized interest (57) (75) (67) (79) (99)
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and
capitalized interest 3,896 1,814 2,696 2,427 3,231
Fixed Charges:
Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness 761 1,021 1,436 1,110 1,107
Interest component of rental expense (a) 237 310 269 288 300
Total fixed charges 998 1,331 1,705 1,398 1,407
Pre-tax income from continuing operations after adjustment for income or loss from equity investees and
capitalized interest plus fixed charges 4,894 3,145 4,401 3,825 4,638
Ratio of earnings to fixed charges 4.9 2.4 2.6 2.7 3.3
(a) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.
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
    
Pre-tax income from continuing operations 3,952 1,798 2,773 2,486 3,330
Plus: Loss from equity investees 1 91 (10) 20 —
Less: Capitalized interest (57) (75) (67) (79) (99)
Preference security dividend requirements (6) (26) (32) (18) (19)
Pre-tax income from continuing operations after adjustment for income or loss from equity investees,
capitalized interest and preference security dividend requirements 3,890 1,788 2,664 2,409 3,212
Fixed Charges:
Interest expensed and capitalized, amortization of debt discount and premium on all indebtedness 761 1,021 1,436 1,110 1,107
Interest component of rental expense (a) 237 310 269 288 300
Preference security dividend requirements of consolidated subsidiaries 6 26 32 18 19
Total fixed charges 1,004 1,357 1,737 1,416 1,426
Pre-tax income from continuing operations after adjustment for income or loss from equity investees,
capitalized interest and preference security dividend requirements plus fixed charges 4,894 3,145 4,401 3,825 4,638
Ratio of earnings to fixed charges and preferred stock dividends 4.9 2.3 2.5 2.7 3.3
(a) Represents one-third of rental expense relating to operating leases, which is a reasonable approximation of the interest factor.
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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