XML 141 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues        
Regulated electric $ 5,090 $ 5,138 $ 10,547 $ 10,688
Nonregulated electric and other 403 463 780 954
Regulated natural gas 96 107 327 329
Total operating revenues 5,589 5,708 11,654 11,971
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 1,721 1,808 3,662 3,808
Fuel used in electric generation and purchased power – nonregulated 118 126 222 262
Cost of natural gas and other 26 38 137 154
Operation, maintenance and other 1,422 1,396 2,848 2,845
Depreciation and amortization 790 762 1,567 1,517
Property and other taxes 279 311 543 661
Impairment charges   (16)   80
Total operating expenses 4,356 4,425 8,979 9,327
Gains on Sales of Other Assets and Other, net 13 6 27 7
Operating Income (Loss) 1,246 1,289 2,702 2,651
Other Income and Expenses        
Equity in earnings of unconsolidated affiliates 23 33 36 69
Other income and expenses, net 72 89 146 184
Total other income and expenses 95 122 182 253
Interest Expense 403 403 806 807
Income (Loss) From Continuing Operations Before Income Taxes 938 1,008 2,078 2,097
Income Tax Expense (Benefit) from Continuing Operations 334 282 698 621
Income (Loss) from Continuing Operations 604 726 1,380 1,476
(Loss) Income From Discontinued Operations, net of tax (57) (113) 34 (956)
Net income (loss) 547 613 1,414 520
Less: Net Income Attributable to Noncontrolling Interests 4 4 7 8
Net Income (Loss) Attributable to Parent 543 609 1,407 512
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments 7 1 2  
Reclassification into earnings from cash flow hedges 1 (9) 5 (9)
Unrealized losses on available-for-sale securities (3) 2 (3) 2
Other Comprehensive Income (Loss), net of tax 23 22 (110) 45
Comprehensive Income (Loss) 570 635 1,304 565
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 3 4 2 9
Comprehensive Income Attributable to Parent $ 567 $ 631 $ 1,302 $ 556
Income from continuing operations attributable to Duke Energy Corporation common shareholders        
Basic (usd per share) $ 0.87 $ 1.02 $ 1.96 $ 2.07
Diluted (usd per share) 0.87 1.02 1.96 2.07
(Loss) Income from discontinued operations attributable to Duke Energy Corporation common shareholders        
Basic (usd per share) (0.09) (0.16) 0.05 (1.35)
Diluted (usd per share) (0.09) (0.16) 0.05 (1.35)
Net income attributable to Duke Energy Corporation common shareholders        
Basic (usd per share) 0.78 0.86 2.01 0.72
Diluted (usd per share) $ 0.78 $ 0.86 $ 2.01 $ 0.72
Weighted-average shares outstanding        
Basic (shares) 692 707 700 707
Diluted (shares) 692 707 700 707
Duke Energy Carolinas [Member]        
Operating Revenues        
Total operating revenues $ 1,707 $ 1,755 $ 3,608 $ 3,755
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 427 503 1,005 1,161
Operation, maintenance and other 469 463 958 950
Depreciation and amortization 261 248 510 490
Property and other taxes 67 100 137 204
Impairment charges   3   3
Total operating expenses 1,224 1,317 2,610 2,808
Operating Income (Loss) 483 438 998 947
Other Income and Expenses        
Other income and expenses, net 41 44 83 93
Interest Expense 106 102 208 203
Income (Loss) From Continuing Operations Before Income Taxes 418 380 873 837
Income Tax Expense (Benefit) from Continuing Operations 153 110 316 281
Net Income (Loss) Attributable to Parent 265 270 557 556
Other Comprehensive Income (Loss), net of tax        
Reclassification into earnings from cash flow hedges   1   2
Other Comprehensive Income (Loss), net of tax       2
Comprehensive Income Attributable to Parent 265 271 557 558
Progress Energy [Member]        
Operating Revenues        
Total operating revenues 2,476 2,421 5,012 4,962
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 1,003 977 2,035 2,020
Operation, maintenance and other 568 555 1,133 1,150
Depreciation and amortization 283 281 570 557
Property and other taxes 124 137 235 288
Impairment charges   (17)   (17)
Total operating expenses 1,978 1,933 3,973 3,998
Gains on Sales of Other Assets and Other, net 6   14 1
Operating Income (Loss) 504 488 1,053 965
Other Income and Expenses        
Other income and expenses, net 19 13 46 28
Interest Expense 166 167 334 336
Income (Loss) From Continuing Operations Before Income Taxes 357 334 765 657
Income Tax Expense (Benefit) from Continuing Operations 140 127 284 246
Income (Loss) from Continuing Operations 217 207 481 411
(Loss) Income From Discontinued Operations, net of tax   (5) (1) (6)
Net income (loss) 217 202 480 405
Less: Net Income Attributable to Noncontrolling Interests 2   5 1
Net Income (Loss) Attributable to Parent 215 202 475 404
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments 1   2 1
Reclassification into earnings from cash flow hedges 1 4 (1) 4
Unrealized losses on available-for-sale securities (1)   (1)  
Other Comprehensive Income (Loss), net of tax 1 4 0 5
Comprehensive Income (Loss) 218 206 480 410
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 2   5 1
Comprehensive Income Attributable to Parent 216 206 475 409
Duke Energy Progress [Member]        
Operating Revenues        
Total operating revenues 1,193 1,191 2,642 2,613
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 449 454 1,024 1,027
Operation, maintenance and other 362 347 737 728
Depreciation and amortization 163 142 315 286
Property and other taxes 35 54 67 121
Impairment charges   (18)   (18)
Total operating expenses 1,009 979 2,143 2,144
Gains on Sales of Other Assets and Other, net     1 1
Operating Income (Loss) 184 212 500 470
Other Income and Expenses        
Other income and expenses, net 15 7 35 16
Interest Expense 56 58 116 115
Income (Loss) From Continuing Operations Before Income Taxes 143 161 419 371
Income Tax Expense (Benefit) from Continuing Operations 58 60 151 137
Net Income (Loss) Attributable to Parent 85 101 268 234
Duke Energy Florida [Member]        
Operating Revenues        
Total operating revenues 1,281 1,225 2,367 2,341
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 554 523 1,011 993
Operation, maintenance and other 202 204 390 414
Depreciation and amortization 122 139 256 271
Property and other taxes 88 83 168 167
Impairment charges       1
Total operating expenses 966 949 1,825 1,846
Operating Income (Loss) 315 276 542 495
Other Income and Expenses        
Other income and expenses, net 4 6 10 11
Interest Expense 50 50 99 99
Income (Loss) From Continuing Operations Before Income Taxes 269 232 453 407
Income Tax Expense (Benefit) from Continuing Operations 104 90 175 157
Net Income (Loss) Attributable to Parent 165 142 278 250
Other Comprehensive Income (Loss), net of tax        
Reclassification into earnings from cash flow hedges       1
Other Comprehensive Income (Loss), net of tax       1
Comprehensive Income Attributable to Parent 165 142 278 251
Duke Energy Ohio [Member]        
Operating Revenues        
Regulated electric 299 307 638 646
Nonregulated electric and other 9 (2) 23 11
Regulated natural gas 97 107 330 330
Total operating revenues 405 412 991 987
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 107 107 222 231
Fuel used in electric generation and purchased power – nonregulated 12 6 26 19
Cost of natural gas and other 12 22 109 121
Operation, maintenance and other 118 117 246 244
Depreciation and amortization 58 56 115 113
Property and other taxes 57 44 127 112
Impairment charges       94
Total operating expenses 364 352 845 934
Gains on Sales of Other Assets and Other, net 2   8  
Operating Income (Loss) 43 60 154 53
Other Income and Expenses        
Other income and expenses, net (5) 3 (2) 6
Interest Expense 18 20 38 40
Income (Loss) From Continuing Operations Before Income Taxes 20 43 114 19
Income Tax Expense (Benefit) from Continuing Operations 7 15 42 6
Income (Loss) from Continuing Operations 13 28 72 13
(Loss) Income From Discontinued Operations, net of tax (65) (135) 25 (1,010)
Net Income (Loss) Attributable to Parent (52) (107) 97 (997)
Duke Energy Indiana [Member]        
Operating Revenues        
Total operating revenues 686 748 1,474 1,593
Operating Expenses        
Fuel used in electric generation and purchased power – regulated 235 287 529 626
Operation, maintenance and other 180 159 361 325
Depreciation and amortization 107 103 211 205
Property and other taxes 19 21 18 44
Total operating expenses 541 570 1,119 1,200
Gains on Sales of Other Assets and Other, net 1   1  
Operating Income (Loss) 146 178 356 393
Other Income and Expenses        
Other income and expenses, net 4 4 9 11
Interest Expense 43 44 88 87
Income (Loss) From Continuing Operations Before Income Taxes 107 138 277 317
Income Tax Expense (Benefit) from Continuing Operations 39 51 101 117
Net Income (Loss) Attributable to Parent 68 87 176 200
Other Comprehensive Income (Loss), net of tax        
Reclassification into earnings from cash flow hedges     (1)  
Other Comprehensive Income (Loss), net of tax     (1)  
Comprehensive Income Attributable to Parent $ 68 $ 87 $ 175 $ 200