![EXELON CORP [EXC] reports annual net loss of $2.3 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FEXC.png&w=3840&q=75)
EXELON CORP [EXC] reports annual net loss of $2.3 billion
Company Reports Revenue of $696.0 million
EXELON CORP [EXC] has reported a net loss of $2.3 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $696.0 million
Based in CHICAGO, Illinois, EXELON CORP operates in the TRANSPORT sector.
In the Consolidated Statements of Operations and Comprehensive Income for Exelon, as of December 31, 2023, operating revenues for the current reporting period stood at $21,727 million, reflecting an increase compared to $19,078 million in the previous year. This growth was primarily driven by an increase in revenues from alternative revenue programs which amounted to $696 million, up from $161 million in the previous period.
Costs associated with operating expenses also saw an uptick, with total operating expenses reaching $17,714 million in the current period, compared to $15,761 million in the previous year. Operating and maintenance expenses were reported at $4,559 million, slightly lower than the $4,673 million in the prior period, while depreciation and amortization costs increased to $3,506 million from $3,325 million.
