EX-99 4 exhibit99-2.txt EXHIBIT 99.2 EXHIBIT 99.2
EXELON CORPORATION Consolidating Statements of Income (unaudited) (in millions, except per share data) Three Months Ended March 31, 2001 -------------------------------------------------------------- Energy Exelon Delivery Generation Enterprises Corp/Elim Consolidated ------- ------- ------- ------- ------- Operating Revenues $ 2,497 $ 1,628 $ 667 $ (969) $ 3,823 Operating Expenses Fuel and Purchased Power 1,097 818 361 (946) 1,330 Operating and Maintenance 350 404 323 (19) 1,058 Depreciation and Amortization 268 92 15 3 378 Taxes Other Than Income 115 46 4 3 168 ------- ------- ------- ------- ------- Total Operating Expenses 1,830 1,360 703 (959) 2,934 ------- ------- ------- ------- ------- Operating Income 667 268 (36) (10) 889 Other Income and Deductions Interest Expense (246) (33) (13) - (292) Distributions on Preferred Securities of Subsidiaries (11) - - - (11) Equity in Earnings (Losses) of Unconsolidated Affiliates, net - 26 (8) - 18 Other, net 47 4 17 (13) 55 ------- ------- ------- ------- ------- Total Other Income and Deductions (210) (3) (4) (13) (230) ------- ------- ------- ------- ------- Income Before Income Taxes and Cumulative Effect of Change in Accounting Principle 457 265 (40) (23) 659 Income Taxes 191 107 (15) (11) 272 ------- ------- ------- ------- ------- Income Before Cumulative Effect of Change in Accounting Principle 266 158 (25) (12) 387 Cumulative Effect of Change in Accounting Principle, Net of Income Taxes - 12 - - 12 ------- ------- ------- ------- ------- Net Income $ 266 $ 170 $ (25) $ (12) $ 399 ======= ======= ======= ======= ======= Average Common Shares Outstanding - Diluted 324 Net Income per Average Common Share - Diluted $ 1.23
May 17, 2002
EXELON CORPORATION Consolidating Statements of Income (unaudited) (in millions, except per share data) Three Months Ended June 30, 2001 -------------------------------------------------------------- Energy Exelon Delivery Generation Enterprises Corp/Elim Consolidated ------- ------- ------- ------- ------- Operating Revenues $ 2,436 $ 1,618 $ 546 $ (949) $ 3,651 Operating Expenses Fuel and Purchased Power 980 986 161 (917) 1,210 Operating and Maintenance 374 405 382 (27) 1,134 Depreciation and Amortization 267 75 16 4 362 Taxes Other Than Income 110 39 3 1 153 ------- ------- ------- ------- ------- Total Operating Expenses 1,731 1,505 562 (939) 2,859 ------- ------- ------- ------- ------- Operating Income 705 113 (16) (10) 792 Other Income and Deductions Interest Expense (260) (26) (9) 6 (289) Distributions on Preferred Securities of Subsidiaries (12) - - - (12) Equity in Earnings (Losses) of Unconsolidated Affiliates, net - 13 (6) - 7 Other, net 24 14 21 (15) 44 ------- ------- ------- ------- ------- Total Other Income and Deductions (248) 1 6 (9) (250) ------- ------- ------- ------- ------- Income Before Income Taxes and Cumulative Effect of Change in Accounting Principle 457 114 (10) (19) 542 Income Taxes 193 43 (5) (4) 227 ------- ------- ------- ------- ------- Income Before Cumulative Effect of Change in Accounting Principle 264 71 (5) (15) 315 Cumulative Effect of Change in Accounting Principle, Net of Income Taxes - - - - - ------- ------- ------- ------- ------- Net Income $ 264 $ 71 $ (5) $ (15) $ 315 ======= ======= ======= ======= ======= Average Common Shares Outstanding - Diluted 324 Net Income per Average Common Share - Diluted $ 0.97
May 17, 2002
EXELON CORPORATION Consolidating Statements of Income (unaudited) (in millions, except per share data) Three Months Ended September 30, 2001 ------------------------------------------------------------- Energy Exelon Delivery Generation Enterprises Corp/Elim Consolidated ------- ------- ------- ------- ------- Operating Revenues $ 2,970 $ 2,291 $ 529 $(1,505) $ 4,285 Operating Expenses Fuel and Purchased Power 1,425 1,610 151 (1,455) 1,731 Operating and Maintenance 421 364 361 (45) 1,101 Depreciation and Amortization 293 57 16 3 369 Taxes Other Than Income 133 36 1 2 172 ------- ------- ------- ------- ------- Total Operating Expenses 2,272 2,067 529 (1,495) 3,373 ------- ------- ------- ------- ------- Operating Income 698 224 - (10) 912 Other Income and Deductions Interest Expense (253) (41) (9) 20 (283) Distributions on Preferred Securities of Subsidiaries (11) - - - (11) Equity in Earnings (Losses) of Unconsolidated Affiliates, net - 60 (8) - 52 Other, net 46 (25) (34) (38) (51) ------- ------- ------- ------- ------- Total Other Income and Deductions (218) (6) (51) (18) (293) ------- ------- ------- ------- ------- Income Before Income Taxes and Cumulative Effect of Change in Accounting Principle 480 218 (51) (28) 619 Income Taxes 200 78 (18) (17) 243 ------- ------- ------- ------- ------- Income Before Cumulative Effect of Change in Accounting Principle 280 140 (33) (11) 376 Cumulative Effect of Change in Accounting Principle, Net of Income Taxes - - - - - ------- ------- ------- ------- ------- Net Income $ 280 $ 140 $ (33) $ (11) $ 376 ======= ======= ======= ======= ======= Average Common Shares Outstanding - Diluted 323 Net Income per Average Common Share - Diluted $ 1.16
May 17, 2002
EXELON CORPORATION Consolidating Statements of Income (unaudited) (in millions, except per share data) Three Months Ended December 31, 2001 -------------------------------------------------------------- Energy Exelon Delivery Generation Enterprises Corp/Elim Consolidated ------- ------- ------- ------- ------- Operating Revenues $ 2,268 $ 1,511 $ 550 $ (948) $ 3,381 Operating Expenses Fuel and Purchased Power 970 804 181 (913) 1,042 Operating and Maintenance 423 354 370 (47) 1,100 Depreciation and Amortization 253 58 22 7 340 Taxes Other Than Income 99 28 2 1 130 ------- ------- ------- ------- ------- Total Operating Expenses 1,745 1,244 575 (952) 2,612 ------- ------- ------- ------- ------- Operating Income 523 267 (25) 4 769 Other Income and Deductions Interest Expense (214) (15) (6) (8) (243) Distributions on Preferred Securities of Subsidiaries (15) - - - (15) Equity in Earnings (Losses) of Unconsolidated Affiliates, net - (9) 3 (9) (15) Other, net 37 (1) 1 (6) 31 ------- ------- ------- ------- ------- Total Other Income and Deductions (192) (25) (2) (23) (242) ------- ------- ------- ------- ------- Income Before Income Taxes and Cumulative Effect of Change in Accounting Principle 331 242 (27) (19) 527 Income Taxes 119 99 (5) (24) 189 ------- ------- ------- ------- ------- Income Before Cumulative Effect of Change in Accounting Principle 212 143 (22) 5 338 Cumulative Effect of Change in Accounting Principle, Net of Income Taxes - - - - - ------- ------- ------- ------- ------- Net Income $ 212 $ 143 $ (22) $ 5 $ 338 ======= ======= ======= ======= ======= Average Common Shares Outstanding - Diluted 322 Net Income per Average Common Share - Diluted $ 1.05
May 17, 2002
EXELON CORPORATION Consolidating Statements of Income (unaudited) (in millions, except per share data) Twelve Months Ended December 31, 2001 ------------------------------------------------------------------ Energy Exelon Delivery Generation Enterprises Corp/Elim Consolidated -------- -------- -------- -------- -------- Operating Revenues $ 10,171 $ 7,048 $ 2,292 $ (4,371) $ 15,140 Operating Expenses Fuel and Purchased Power 4,472 4,218 854 (4,231) 5,313 Operating and Maintenance 1,568 1,527 1,436 (138) 4,393 Depreciation and Amortization 1,081 282 69 17 1,449 Taxes Other Than Income 457 149 10 7 623 -------- -------- -------- -------- -------- Total Operating Expenses 7,578 6,176 2,369 (4,345) 11,778 -------- -------- -------- -------- -------- Operating Income 2,593 872 (77) (26) 3,362 Other Income and Deductions Interest Expense (973) (115) (37) 18 (1,107) Distributions on Preferred Securities of Subsidiaries (49) - - - (49) Equity in Earnings (Losses) of Unconsolidated Affiliates, net - 90 (19) (9) 62 Other, net 154 (8) 5 (72) 79 -------- -------- -------- -------- -------- Total Other Income and Deductions (868) (33) (51) (63) (1,015) -------- -------- -------- -------- -------- Income Before Income Taxes and Cumulative Effect of Change in Accounting Principle 1,725 839 (128) (89) 2,347 Income Taxes 703 327 (43) (56) 931 -------- -------- -------- -------- -------- Income Before Cumulative Effect of Change in Accounting Principle 1,022 512 (85) (33) 1,416 Cumulative Effect of Change in Accounting Principle, Net of Income Taxes - 12 - - 12 -------- -------- -------- -------- -------- Net Income $ 1,022 $ 524 $ (85) $ (33) $ 1,428 ======== ======== ======== ======== ======== Average Common Shares Outstanding - Diluted 322 Net Income per Average Common Share - Diluted $ 4.43
May 17, 2002