ComEd 2003 Annual Report Download - page 129

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127Notes to Consolidated Financial Statements
EXELON CORPORATION AND SUBSIDIARY COMPANIES
NOTE 20 • SUPPLEMENTAL FINANCIAL INFORMATION
Supplemental Income Statement Information
For the Years Ended
December 31,
2003 2002 2001
Depreciation, amortization and
accretion
Property, plant and equipment (a) $ 736 $ 729 $ 697
Regulatory assets 380 472 445
Nuclear fuel (b) 396 374 393
Decommissioning (c) 196 126 144
Goodwill –– 155
Other 10 ––
Total depreciation, amortization
and accretion $1,718 $1,701 $1,834
(a) Includes amortization of capitalized software costs.
(b) Included in operating and maintenance expense in the Consolidated Statements
of Income.
(c) Prior to the adoption of SFAS No. 143 on January 1, 2003 these amounts were re-
corded in depreciation expense. Upon adoption of SFAS No. 143, these amounts
were recorded in operating and maintenance expense in Exelon’s Consolidated
Statements of Income. See Note 13 – Nuclear Decommissioning and Spent Fuel
Storage for further discussion of the adoption of SFAS No. 143.
For the Years Ended
December 31,
2003 2002 2001
Taxes other than income
Utility (a) $440 $439 $ 377
Real estate 65 149 140
Payroll 92 98 88
Other (b) (16) 23 18
Total $581 $709 $623
(a) Municipal and state utility taxes are also recorded in revenues on Exelon’s Con-
solidated Statements of Income.
(b) Includes a credit of $25 million in 2003 due to a favorable settlement of coal use
tax issues at ComEd related to periods prior to the Merger.
For the Years Ended
December 31,
2003 2002 2001
Other, net
Investment income $ 117 $ 118 $ 47
Gain (loss) on disposition of assets,
net (25) 201 4
Write-down of impaired
investments (309) (47) (36)
AFUDC, equity and borrowed 10(a) 19 18
Reserve for potential plant
disallowance 12 (12) –
Other 821 46
Total $ (187) $300 $ 79
(a) In 2003, the debt portion of AFUDC of $6 million was recorded as a non-cash credit
to interest expense.
Supplemental Cash Flow Information
For the Years Ended December 31,
2003 2002 2001
Cash paid during the year:
Interest (net of amount capitalized) $801 $905 $963
Income taxes (net of refunds) $728 $614 $749
Non-cash investing and financing activities:
Regulatory asset fair value adjustment $– $– $347
Resolution of certain tax matters and Merger severance adjustment –14 –
Purchase accounting estimate adjustments 59 – (85)
Capital lease obligations –52 –
Issuance of InfraSource stock ––35
Contribution of land from minority interest of consolidated subsidiary –12 –
Note received in connection with the sale of Sithe to Reservoir 92 ––
Note issued to Sithe in the Exelon New England acquisition 2534 –
Issuance of note payable to acquire synthetic fuel interests 238 ––