Income Statement

EXC Chicago

Income Statement

  Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Restated) Year Ending Dec 2020 (Restated) Year Ending Dec 2019 (Update)
Electric Operations 17,060.00 16,416.00 15,242.00 34,438.00
Gas Operations 2,018.00 1,522.00 1,421.00 --
Revenue 19,078.00 17,938.00 16,663.00 34,438.00
Total Revenue 19,078.00 17,938.00 16,663.00 34,438.00
Purchased Power 6,304.00 5,362.00 4,708.00 14,460.00
Cost of Revenue, Total 6,304.00 5,362.00 4,708.00 14,460.00
Operations & Maintenance 4,629.00 4,033.00 4,141.00 8,124.00
Depreciation 3,391.00 4,025.00 3,874.00 5,209.00
Amortization of Intangibles, Operating 3.00 31.00 30.00 80.00
Depreciation/Amortization 3,394.00 4,056.00 3,904.00 5,289.00
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Other Unusual Expense (Income) 2.00 0.00 -13.00 -32.00
Unusual Expense (Income) 2.00 0.00 -13.00 -32.00
Property & Other Taxes 1,390.00 1,291.00 1,232.00 1,732.00
Other Operating Expense 44.00 514.00 500.00 491.00
Other Operating Expenses, Total 1,434.00 1,805.00 1,732.00 2,223.00
Total Operating Expense 15,763.00 15,256.00 14,472.00 30,064.00
Operating Income 3,315.00 2,682.00 2,191.00 4,374.00
Interest Expense - Non-Operating -1,447.00 -1,289.00 -1,307.00 -1,616.00
Interest Expense, Net Non-Operating -1,447.00 -1,289.00 -1,307.00 -1,616.00
Interest Income (Expense), Net-Non-Operating, Total -1,447.00 -1,289.00 -1,307.00 -1,616.00
Other Non-Operating Income (Expense) 535.00 261.00 208.00 1,227.00
Other, Net 535.00 261.00 208.00 1,227.00
Net Income Before Taxes 2,403.00 1,654.00 1,092.00 3,985.00
Income Tax – Total 349.00 38.00 -7.00 774.00
Income After Tax 2,054.00 1,616.00 1,099.00 3,211.00
Minority Interest -1.00 -123.00 9.00 -92.00
Equity In Affiliates -- -- -- -183.00
Net Income Before Extraordinary Items 2,053.00 1,493.00 1,108.00 2,936.00
Discontinued Operations 117.00 213.00 855.00 --
Total Extraordinary Items 117.00 213.00 855.00 --
Net Income 2,170.00 1,706.00 1,963.00 2,936.00
Income Available to Common Excluding Extraordinary Items 2,053.00 1,493.00 1,108.00 2,936.00
Income Available to Common Stocks Including Extraordinary Items 2,170.00 1,706.00 1,963.00 2,936.00
Basic Weighted Average Shares 986.00 979.00 976.00 973.00
Basic EPS Excluding Extraordinary Items 2.08 1.53 1.14 3.02
Basic EPS Including Extraordinary Items 2.20 1.74 2.01 3.02
Dilution Adjustment -- -- -- --
Diluted Net Income 2,170.00 1,706.00 1,963.00 2,936.00
Diluted Weighted Average Shares 987.00 980.00 977.00 974.00
Diluted EPS Excluding Extraordinary Items 2.08 1.52 1.13 3.01
Diluted EPS Including Extraordinary Items 2.20 1.74 2.01 3.01
DPS - Common Stock Primary Issue 1.35 1.53 1.53 1.45
Gross Dividends - Common Stock 1,366.00 1,499.00 1,495.00 1,412.00
Impairment-Assets Held for Use, Supplemental 38.00 2.00 -- 123.00
Litigation Charge, Supplemental -- -- -- -19.00
Restructuring Charge, Supplemental 24.00 58.00 -- --
Other Unusual Expense (Income), Supplemental 0.00 15.00 -- 51.00
Non-Recurring Items, Total 62.00 75.00 -- 155.00
Total Special Items 64.00 75.00 -13.00 123.00
Normalized Income Before Taxes 2,467.00 1,729.00 1,079.00 4,108.00
Effect of Special Items on Income Taxes 122.00 62.00 -4.55 23.89
Income Taxes Excluding Impact of Special Items 471.00 100.00 -11.55 797.89
Normalized Income After Taxes 1,996.00 1,629.00 1,090.55 3,310.11
Normalized Income Available to Common 1,995.00 1,506.00 1,099.55 3,035.11
Basic Normalized EPS 2.02 1.54 1.13 3.12
Diluted Normalized EPS 2.02 1.54 1.13 3.12
Amortization of Intangibles, Supplemental -- -- -- 80.00
Depreciation, Supplemental 3,325.00 3,033.00 2,891.00 5,209.00
Interest Expense, Supplemental 1,447.00 1,289.00 1,307.00 1,616.00
Interest Capitalized, Supplemental -- -- -- -24.00
Rental Expense, Supplemental 66.00 84.00 -- 639.00
Stock-Based Compensation, Supplemental 41.00 95.00 -- 57.00
Equity in Affiliates, Supplemental -- -- -- -183.00
Minority Interest, Supplemental -1.00 -123.00 9.00 -92.00
Audit-Related Fees, Supplemental 15.27 -- -- 26.60
Audit-Related Fees 0.23 -- -- 1.57
Tax Fees, Supplemental 0.66 -- -- 2.16
All Other Fees Paid to Auditor, Supplemental 2.67 -- -- 0.74
Operating Margin 17.38 14.95 13.15 12.70
Pretax Margin 12.60 9.22 6.55 11.57
Effective Tax Rate 14.52 2.30 -0.64 19.42
Net Profit Margin 10.76 8.32 6.65 8.53
Normalized EBIT 3,379.00 2,757.00 2,178.00 4,497.00
Normalized EBITDA 6,704.00 5,790.00 5,069.00 9,786.00
Current Tax - Domestic -24.00 -152.00 -180.00 85.00
Current Tax - Local -13.00 -46.00 -37.00 5.00
Current Tax - Total -37.00 -198.00 -217.00 90.00
Deferred Tax - Domestic 106.00 89.00 10.00 489.00
Deferred Tax - Local 283.00 149.00 203.00 267.00
Deferred Tax - Total 389.00 238.00 213.00 756.00
Other Tax -3.00 -2.00 -3.00 -72.00
Income Tax - Total 349.00 38.00 -7.00 774.00
Interest Cost - Domestic 439.00 -- -- 883.00
Service Cost - Domestic 236.00 -- -- 357.00
Prior Service Cost - Domestic 2.00 -- -- 0.00
Expected Return on Assets - Domestic -822.00 -- -- -1,225.00
Actuarial Gains and Losses - Domestic 295.00 -- -- 414.00
Curtailments & Settlements - Domestic 0.00 -- -- 17.00
Transition Costs - Domestic -- -- -- --
Other Pension, Net - Domestic -- -- -- --
Domestic Pension Plan Expense 150.00 -- -- 446.00
Interest Cost - Post-Retirement 76.00 -- -- 188.00
Service Cost - Post-Retirement 41.00 -- -- 93.00
Prior Service Cost - Post-Retirement -19.00 -- -- -179.00
Expected Return on Assets - Post-Retirement -99.00 -- -- -153.00
Actuarial Gains and Losses - Post-Retirement 12.00 -- -- 45.00
Curtailments & Settlements - Post-Retirement 0.00 -- -- 1.00
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 11.00 -- -- -5.00
Defined Contribution Expense - Domestic 91.00 -- -- 161.00
Total Pension Expense 252.00 -- -- 602.00
Discount Rate - Domestic 3.24 -- -- --
Discount Rate - Post-Retirement 3.20 -- -- --
Expected Rate of Return - Domestic 7.00 -- -- --
Expected Rate of Return - Post-Retirement 6.44 -- -- --
Compensation Rate - Domestic -- -- -- --
Compensation Rate - Post-Retirement -- -- -- --
Total Plan Interest Cost 515.00 -- -- 1,071.00
Total Plan Service Cost 277.00 -- -- 450.00
Total Plan Expected Return -921.00 -- -- -1,378.00
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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