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Condensed Consolidated Statements of Operations and Comprehensive Income - Duke Energy Progress - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues $ 7,968 $ 6,951 $ 21,785 $ 18,859
Operating Expenses        
Operation, maintenance and other 1,394 1,507 4,471 4,319
Depreciation and amortization 1,364 1,265 3,986 3,698
Property and other taxes 378 371 1,149 1,073
Impairment (reversal) of assets and other charges (4) 211 202 342
Total operating expenses 5,950 5,273 17,085 14,564
Gains (Losses) on Sales of Other Assets and Other, net 6 9 16 11
Operating Income 2,024 1,687 4,716 4,306
Total other income and expenses 115 260 380 507
Interest Expense 621 581 1,815 1,688
Income From Continuing Operations Before Income Taxes 1,518 1,366 3,281 3,125
Income Tax Expense From Continuing Operations 128 90 191 210
Comprehensive Income 1,417 1,414 3,411 3,102
Less: Comprehensive Loss Attributable to Noncontrolling Interests (4) (128) (56) (240)
Net Income Attributable to Duke Energy Corporation 1,422 1,405 3,186 3,162
Duke Energy Progress        
Operating Revenues 1,969 1,667 5,182 4,417
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 749 523 1,916 1,368
Operation, maintenance and other 350 368 1,101 1,092
Depreciation and amortization 313 290 890 811
Property and other taxes 46 39 136 129
Impairment (reversal) of assets and other charges   42 4 60
Total operating expenses 1,458 1,262 4,047 3,460
Gains (Losses) on Sales of Other Assets and Other, net 1 7 2 8
Operating Income 512 412 1,137 965
Total other income and expenses 29 67 83 111
Interest Expense 85 79 260 226
Income From Continuing Operations Before Income Taxes 456 400 960 850
Income Tax Expense From Continuing Operations 59 25 129 50
Comprehensive Income 397 375 831 800
Net Income Attributable to Duke Energy Corporation 397 375 831 800
Progress Energy        
Operating Revenues 3,881 3,233 10,087 8,417
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,605 1,074 3,927 2,702
Operation, maintenance and other 581 636 1,829 1,863
Depreciation and amortization 562 504 1,607 1,430
Property and other taxes 169 144 472 419
Impairment (reversal) of assets and other charges   42 4 79
Total operating expenses 2,917 2,400 7,839 6,493
Gains (Losses) on Sales of Other Assets and Other, net 3 8 6 9
Operating Income 967 841 2,254 1,933
Total other income and expenses 45 86 150 167
Interest Expense 197 200 616 592
Income From Continuing Operations Before Income Taxes 815 727 1,788 1,508
Income Tax Expense From Continuing Operations 129 94 289 174
Comprehensive Income 685 632 1,495 1,335
Less: Comprehensive Loss Attributable to Noncontrolling Interests   1 1 1
Net Income Attributable to Duke Energy Corporation $ 686 $ 632 $ 1,498 $ 1,333