EX-99.3 5 c82805exv99w3.htm HANDOUT - NON GAAP exv99w3
 

(EXELON LOGO)

Exhibit 99.3

    Consolidated Balance Sheet
                 
December 31 ($ in millions)   2003   2002
Other Long-Term Debt and Notes Payable
     9,005       8,412  
Long-Term Debt to Affiliates — Transition Debt
     5,717       6,296  
Boston Generating (BG) Project Debt
     1,037       1,036  
Total Debt*
     15,759       15,744  
 
    
 		      
 		  
Minority Interest of Consolidated Subs.
     —       77  
Preferred Securities*
     87       595  
Total Shareholders’ Equity
     8,486       7,742  
 
    
 		      
 		  
Total Capitalization
     24,332       24,158  
 
    
 		      
 		  
Total Debt to Total Capital
     65 %     67 %**
Debt to Capital (excl. Transition Debt)
     54 %     55 %**
Debt to Capital (excl. Trans. and BG Debt)
     51 %     53 %**
 
    
 		      
 		  

  *   Upon adoption of FIN No. 46-R, Trust Preferred Securities were reclassified to debt in 2003.
 
  **   Ratio assumes $458 M of Trust Preferred Securities reclassified to debt in 2002 to be comparable to 2003.