ComEd 2006 Annual Report Download - page 66

PECO
The selected financial data presented below has been derived from the audited consolidated
financial statements of PECO. This data is qualified in its entirety by reference to and should be read in
conjunction with PECO’s Consolidated Financial Statements and Management’s Discussion and
Analysis of Financial Condition and Results of Operation included in ITEM 7 of this Report on
Form 10-K.
For the Years Ended December 31,
(in millions) 2006 2005 2004 2003 2002
Statement of Operations data:
Operating revenues ............................... $5,168 $4,910 $4,487 $4,388 $4,333
Operating income ................................ 866 1,049 1,014 1,056 1,093
Income before cumulative effect of a change in
accounting principle ............................. $ 441 $ 520 $ 455 $ 473 $ 486
Cumulative effect of a change in accounting principle
(net of income taxes) ............................ — (3) — — —
Net income ...................................... $ 441 $ 517 $ 455 $ 473 $ 486
Net income on common stock ...................... $ 437 $ 513 $ 452 $ 468 $ 478
December 31,
(in millions) 2006 2005 2004 2003 2002
Balance Sheet data:
Current assets ............................... $ 762 $ 795 $ 727 $ 659 $ 898
Property, plant and equipment, net .............. 4,651 4,471 4,329 4,256 4,159
Noncurrent regulatory assets ................... 3,896 4,454 4,836 5,238 5,546
Other deferred debits and other assets ........... 464 366 241 232 88
Total assets ................................. $9,773 $10,086 $10,133 $10,385 $10,691
Current liabilities ............................. $ 978 $ 936 $ 748 $ 676 $ 1,509
Long-term debt, including long-term debt to
financing trusts (a) ........................... 3,784 4,143 4,628 5,239 4,951
Noncurrent regulatory liabilities ................. 151 68 46 12 —
Other deferred credits and other liabilities ......... 3,051 3,235 3,313 3,442 3,342
Mandatorily redeemable preferred securities of
subsidiary trusts (a) .......................... ————128
Shareholders’ equity .......................... 1,809 1,704 1,398 1,016 761
Total liabilities and shareholders’ equity .......... $9,773 $10,086 $10,133 $10,385 $10,691
(a) Due to the adoptions of FIN 46 and FIN 46-R in 2003, the mandatorily redeemable preferred securities were reclassified as
long-term debt to financing trusts in 2003.
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