QUARTERLY FINANCIAL DATA (UNAUDITED)

DUKE ENERGY

Quarterly EPS amounts may not sum to the full-year total due to changes in the weighted average number of common shares outstanding and rounding.



	First			Second			Third			Fourth
(in millions, except per share data)	Quarter			Quarter			Quarter			Quarter			Total
2015
Operating revenues	$	6,065		$	5,589		$	6,483		$	5,322		$	23,459
Operating income	1,456			1,246			1,688			977			5,367
Income from continuing operations	776			604			940			491			2,811
Income (loss) from discontinued operations, net of tax	91			(57		)	(5		)	(9		)	20
Net income	867			547			935			482			2,831
Net income attributable to Duke Energy Corporation	864			543			932			477			2,816
Earnings per share:
Income from continuing operations attributable to Duke Energy Corporation common stockholders
Basic	$	1.09		$	0.87		$	1.36		$	0.70		$	4.02
Diluted	$	1.09		$	0.87		$	1.36		$	0.70		$	4.02
Income (loss) from discontinued operations attributable to Duke Energy Corporation common stockholders
Basic	$	0.13		$	(0.09	)	$	(0.01	)	$	(0.01	)	$	0.03
Diluted	$	0.13		$	(0.09	)	$	(0.01	)	$	(0.01	)	$	0.03
Net income attributable to Duke Energy Corporation common stockholders
Basic	$	1.22		$	0.78		$	1.35		$	0.69		$	4.05
Diluted	$	1.22		$	0.78		$	1.35		$	0.69		$	4.05
2014
Operating revenues	$	6,263		$	5,708		$	6,395		$	5,559		$	23,925
Operating income	1,362			1,289			1,619			988			5,258
Income from continuing operations	750			726			891			98			2,465
(Loss) Income from discontinued operations, net of tax	(843		)	(113		)	378			2			(576		)
Net (loss) income	(93		)	613			1,269			100			1,889
Net (loss) income attributable to Duke Energy Corporation	(97		)	609			1,274			97			1,883
Earnings per share:
Income from continuing operations attributable to Duke Energy Corporation common stockholders
Basic	$	1.05		$	1.02		$	1.25		$	0.14		$	3.46
Diluted	$	1.05		$	1.02		$	1.25		$	0.14		$	3.46
(Loss) Income from discontinued operations attributable to Duke Energy Corporation common stockholders
Basic	$	(1.19	)	$	(0.16	)	$	0.55		$	—		$	(0.80	)
Diluted	$	(1.19	)	$	(0.16	)	$	0.55		$	—		$	(0.80	)
Net (loss) income attributable to Duke Energy Corporation common stockholders
Basic	$	(0.14	)	$	0.86		$	1.80		$	0.14		$	2.66
Diluted	$	(0.14	)	$	0.86		$	1.80		$	0.14		$	2.66

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(21	)	$	(22	)	$	(24	)	$	(30	)	$	(97	)
Edwardsport Settlement (see Note 4)	—			—			(90		)	(3		)	(93		)
Ash Basin Settlement and Penalties (see Note 5)	—			—			(7		)	(7		)	(14		)
State Tax Adjustment related to Midwest Generation Sale	—			(41		)	—			—			(41		)
Cost Savings Initiatives (see Note 19)	—			—			—			(142		)	(142		)
Total	$	(21	)	$	(63	)	$	(121	)	$	(182	)	$	(387	)
2014
Costs to Achieve, Mergers	$	(55	)	$	(61	)	$	(56	)	$	(33	)	$	(205	)
Midwest Generation Impairment	(1,287		)	—			477			(39		)	(849		)
Coal Ash Plea Agreements Reserve (see Note 5)	—			—			—			(102		)	(102		)
International Tax Adjustment (see Note 22)	—			—			—			(373		)	(373		)
Asset Impairment	(94		)	—			—			—			(94		)
Total	$	(1,436	)	$	(61	)	$	421		$	(547	)	$	(1,623	)

DUKE ENERGY CAROLINAS



	First		Second		Third		Fourth
(in millions)	Quarter		Quarter		Quarter		Quarter		Total
2015
Operating revenues	$	1,901	$	1,707	$	2,061	$	1,560	$	7,229
Operating income	515		483		666		296		1,960
Net income	292		265		383		141		1,081
2014
Operating revenues	$	2,000	$	1,755	$	1,938	$	1,658	$	7,351
Operating income	509		438		630		318		1,895
Net income	286		270		377		139		1,072

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(9	)	$	(11	)	$	(11	)	$	(16	)	$	(47	)
Ash Basin Settlement and Penalties (see Note 5)	—			—			(1		)	(7		)	(8		)
Cost Savings Initiatives (see Note 19)	—			—			—			(93		)	(93		)
Total	$	(9	)	$	(11	)	$	(12	)	$	(116	)	$	(148	)
2014
Costs to Achieve, Mergers	$	(29	)	$	(38	)	$	(25	)	$	(17	)	$	(109	)
Coal Ash Plea Agreements Reserve (see Note 5)	—			—			—			(72		)	(72		)
Total	$	(29	)	$	(38	)	$	(25	)	$	(89	)	$	(181	)

PROGRESS ENERGY



	First		Second		Third		Fourth
(in millions)	Quarter		Quarter		Quarter		Quarter		Total
2015
Operating revenues	$	2,536	$	2,476	$	2,929	$	2,336	$	10,277
Operating income	549		504		756		351		2,160
Income from continuing operations	264		217		452		132		1,065
Net income	263		217		451		131		1,062
Net income attributable to Parent	260		215		448		128		1,051
2014
Operating revenues	$	2,541	$	2,421	$	2,863	$	2,341	$	10,166
Operating income	477		488		665		388		2,018
Income from continuing operations	204		207		330		139		880
Net income	203		202		330		139		874
Net income attributable to Parent	202		202		329		136		869

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(8	)	$	(8	)	$	(8	)	$	(10	)	$	(34	)
Ash Basin Settlement and Penalties (see Note 5)	—			—			(6		)	—			(6		)
Cost Savings Initiatives (see Note 19)	—			—			—			(36		)	(36		)
Total	$	(8	)	$	(8	)	$	(14	)	$	(46	)	$	(76	)
2014
Costs to Achieve, Mergers	$	(19	)	$	(12	)	$	(21	)	$	(13	)	$	(65	)
Coal Ash Plea Agreements Reserve (see Note 5)	—			—			—			(30		)	(30		)
Total	$	(19	)	$	(12	)	$	(21	)	$	(43	)	$	(95	)

DUKE ENERGY PROGRESS



	First		Second		Third		Fourth
(in millions)	Quarter		Quarter		Quarter		Quarter		Total
2015
Operating revenues	$	1,449	$	1,193	$	1,488	$	1,160	$	5,290
Operating income	316		184		394		130		1,024
Net income	183		85		229		69		566
2014
Operating revenues	$	1,422	$	1,191	$	1,367	$	1,196	$	5,176
Operating income	258		212		285		180		935
Net income	133		101		157		76		467

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(5	)	$	(5	)	$	(6	)	$	(6	)	$	(22	)
Ash Basin Settlement and Penalties (see Note 5)	—			—			(6		)	—			(6		)
Cost Savings Initiatives (see Note 19)	—			—			—			(28		)	(28		)
Total	$	(5	)	$	(5	)	$	(12	)	$	(34	)	$	(56	)
2014
Costs to Achieve, Mergers	$	(14	)	$	(3	)	$	(15	)	$	(10	)	$	(42	)
Coal Ash Plea Agreements Reserve (see Note 5)	—			—			—			(30		)	(30		)
Total	$	(14	)	$	(3	)	$	(15	)	$	(40	)	$	(72	)

DUKE ENERGY FLORIDA



	First		Second		Third		Fourth
(in millions)	Quarter		Quarter		Quarter		Quarter		Total
2015
Operating revenues	$	1,086	$	1,281	$	1,436	$	1,174	$	4,977
Operating income	227		315		357		216		1,115
Net income	113		165		216		105		599
2014
Operating revenues	$	1,116	$	1,225	$	1,491	$	1,143	$	4,975
Operating income	219		276		378		205		1,078
Net income	108		142		205		93		548

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(3	)	$	(3	)	$	(3	)	$	(4	)	$	(13	)
Cost Savings Initiatives (see Note 19)	—			—			—			(8		)	(8		)
Total	$	(3	)	$	(3	)	$	(3	)	$	(12	)	$	(21	)
2014
Costs to Achieve, Mergers	$	(5	)	$	(9	)	$	(6	)	$	(3	)	$	(23	)

DUKE ENERGY OHIO



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter		Total
2015
Operating revenues	$	586		$	405		$	462		$	452	$	1,905
Operating income	111			43			76			73		303
Income (loss) from discontinued operations, net of tax	90			(65		)	(2		)	—		23
Net income (loss)	149			(52		)	32			43		172
2014
Operating revenues	$	575		$	412		$	446		$	480	$	1,913
Operating (loss) income	(7		)	60			58			76		187
(Loss) Income from discontinued operations, net of tax	(875		)	(135		)	413			34		(563		)
Net (loss) income	(890		)	(107		)	439			63		(495		)

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(1	)	$	(1	)	$	(1	)	$	(1	)	$	(4	)
Cost Savings Initiatives (see Note 19)	—			—			—			(2		)	(2		)
Total	$	(1	)	$	(1	)	$	(1	)	$	(3	)	$	(6	)
2014
Costs to Achieve, Mergers	$	(2	)	$	(4	)	$	(3	)	$	(2	)	$	(11	)
Midwest Generation Impairment	(1,318		)	—			477			(39		)	(880		)
Asset Impairment	(94		)	—			—			—			(94		)
Total	$	(1,414	)	$	(4	)	$	474		$	(41	)	$	(985	)

DUKE ENERGY INDIANA



	First		Second		Third		Fourth
(in millions)	Quarter		Quarter		Quarter		Quarter		Total
2015
Operating revenues	$	788	$	686	$	749	$	667	$	2,890
Operating income	210		146		117		171		644
Net income	108		68		46		94		316
2014
Operating revenues	$	845	$	748	$	790	$	792	$	3,175
Operating income	215		178		182		130		705
Net income	113		87		101		58		359

The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax.



	First			Second			Third			Fourth
(in millions)	Quarter			Quarter			Quarter			Quarter			Total
2015
Costs to Achieve, Mergers	$	(2	)	$	(1	)	$	(2	)	$	(2	)	$	(7	)
Edwardsport Settlement (see Note 4)	—			—			(90		)	(3		)	(93		)
Cost Savings Initiatives (see Note 19)	—			—			—			(6		)	(6		)
Total	$	(2	)	$	(1	)	$	(92	)	$	(11	)	$	(106	)
2014
Costs to Achieve, Mergers	$	(2	)	$	(5	)	$	(3	)	$	(2	)	$	(12	)