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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 557 $ 1,700
Net income (loss) attributable to Duke Energy 584 1,764
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 2,916 2,923
Equity component of AFUDC (97) (99)
(Gains) Losses on sales of other assets (38) (10)
Impairment of assets and other charges 1,442 206
Deferred income taxes (52) 67
Impairment of assets and other charges 8 206
Equity in earnings of unconsolidated affiliates (29) (61)
Payments for asset retirement obligations (261) (255)
Provision for rate refunds (57) (65)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions 93 351
Receivables 586 (180)
Inventory (517) (12)
Other current liabilities (154) 99
Other current assets (41) (1,144)
Increase (decrease) in    
Accounts payable (1,245) 408
Taxes accrued (8) (49)
Other assets 608 65
Other liabilities 82 91
Net cash provided by (used in) operating activities 3,785 4,035
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (6,265) (5,117)
Contributions to equity method investments (22) (32)
Purchases of debt and equity securities (1,594) (2,184)
Proceeds from sales and maturities of debt and equity securities 1,628 2,225
Net proceeds from the sales of other assets 111 0
Other (366) (384)
Net cash used in investing activities (6,508) (5,492)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 7,094 5,714
Payments for the redemption of long-term debt (2,372) (3,147)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 60 30
Payments for the redemption of short-term debt with original maturities greater than 90 days (52) (257)
Notes payable and commercial paper (590) 785
Contributions from noncontrolling interests 248 126
Dividends paid (1,606) (1,574)
Other (95) (101)
Net cash provided by financing activities 2,687 1,576
Net increase (decrease) in cash, cash equivalents and restricted cash (36) 119
Cash, cash equivalents and restricted cash at beginning of period 603 520
Cash, cash equivalents and restricted cash at end of period 567 639
Cash, cash equivalents and restricted cash at beginning of period 409  
Significant non-cash transactions:    
Accrued capital expenditures 1,398 1,264
Duke Energy Carolinas    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) attributable to Duke Energy 542 668
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 906 892
Equity component of AFUDC (48) (47)
(Gains) Losses on sales of other assets (26)  
Deferred income taxes (5) 95
Impairment of assets and other charges 6 (9)
Payments for asset retirement obligations (87) (87)
Provision for rate refunds (33) (36)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions   55
Receivables 91 23
Receivables from affiliated companies 234 (51)
Inventory (239) (7)
Other current liabilities 6 151
Other current assets (482) (514)
Increase (decrease) in    
Accounts payable (652) 124
Accounts payable to affiliated companies (70) (95)
Taxes accrued 48 (97)
Other assets 542 (9)
Other liabilities 97 (33)
Net cash provided by (used in) operating activities 830 1,023
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,795) (1,523)
Purchases of debt and equity securities (936) (1,073)
Proceeds from sales and maturities of debt and equity securities 936 1,073
Net proceeds from the sales of other assets 30  
Other (129) (118)
Net cash used in investing activities (1,894) (1,641)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 2,729 1,287
Payments for the redemption of long-term debt (1,033) (382)
Notes payable to affiliated companies (655) (197)
Distributions to parent   (50)
Other (1) (1)
Net cash provided by financing activities 1,040 657
Net increase (decrease) in cash, cash equivalents and restricted cash (24) 39
Cash, cash equivalents and restricted cash at beginning of period 53 8
Cash, cash equivalents and restricted cash at end of period 29 47
Cash, cash equivalents and restricted cash at beginning of period 44  
Cash, cash equivalents and restricted cash at end of period 20  
Significant non-cash transactions:    
Accrued capital expenditures 456 413
Progress Energy    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 744 813
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,265 1,209
Equity component of AFUDC (33) (33)
Deferred income taxes 27 95
Impairment of assets and other charges 5 4
Payments for asset retirement obligations (131) (137)
Provision for rate refunds (24) (30)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions   314
Receivables 6 (246)
Receivables from affiliated companies (1) 117
Inventory (238) (30)
Other current liabilities (62) 74
Other current assets 332 (417)
Increase (decrease) in    
Accounts payable (293) 161
Accounts payable to affiliated companies (274) 459
Taxes accrued 153 93
Other assets 85 (76)
Other liabilities 14 (2)
Net cash provided by (used in) operating activities 1,575 2,368
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (2,425) (1,944)
Purchases of debt and equity securities (574) (996)
Proceeds from sales and maturities of debt and equity securities 608 1,032
Notes receivable from affiliated companies (25) (108)
Other (163) (21)
Net cash used in investing activities (2,579) (2,037)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 1,073 940
Payments for the redemption of long-term debt (79) (1,019)
Notes payable to affiliated companies (27) 80
Dividends to parent   (250)
Other (1) (3)
Net cash provided by financing activities 966 (252)
Net increase (decrease) in cash, cash equivalents and restricted cash (38) 79
Cash, cash equivalents and restricted cash at beginning of period 184 113
Cash, cash equivalents and restricted cash at end of period 146 192
Cash, cash equivalents and restricted cash at beginning of period 108  
Cash, cash equivalents and restricted cash at end of period 77  
Significant non-cash transactions:    
Accrued capital expenditures 544 455
Duke Energy Progress    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) attributable to Duke Energy 309 434
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 708 672
Equity component of AFUDC (27) (22)
Deferred income taxes 32 32
Impairment of assets and other charges 7 4
Payments for asset retirement obligations (106) (90)
Provision for rate refunds (24) (30)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions   314
Receivables 108 (25)
Receivables from affiliated companies (5) 63
Inventory (158) (27)
Other current liabilities (21) (9)
Other current assets (146) (83)
Increase (decrease) in    
Accounts payable (33) (7)
Accounts payable to affiliated companies (258) 32
Taxes accrued 44 (49)
Other assets 107 (75)
Other liabilities 37 9
Net cash provided by (used in) operating activities 574 1,143
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,193) (926)
Purchases of debt and equity securities (490) (887)
Proceeds from sales and maturities of debt and equity securities 486 882
Notes receivable from affiliated companies (37) (154)
Other (81) 22
Net cash used in investing activities (1,315) (1,063)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 991 939
Payments for the redemption of long-term debt (39) (530)
Notes payable to affiliated companies (239) (172)
Distributions to parent 0 (250)
Other (1) (1)
Net cash provided by financing activities 712 (14)
Net increase (decrease) in cash, cash equivalents and restricted cash (29) 66
Cash, cash equivalents and restricted cash at beginning of period 79 39
Cash, cash equivalents and restricted cash at end of period 50 105
Cash, cash equivalents and restricted cash at beginning of period 49  
Cash, cash equivalents and restricted cash at end of period 21  
Significant non-cash transactions:    
Accrued capital expenditures 198 158
Duke Energy Florida    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) attributable to Duke Energy 463 432
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 556 535
Equity component of AFUDC (6) (10)
Deferred income taxes (16) 66
Impairment of assets and other charges (1)  
Payments for asset retirement obligations (25) (47)
(Increase) decrease in    
Receivables (103) (222)
Receivables from affiliated companies (3) 11
Inventory (80) (4)
Other current liabilities (41) 87
Other current assets 403 (307)
Increase (decrease) in    
Accounts payable (261) 168
Accounts payable to affiliated companies (65) (62)
Taxes accrued 208 134
Other assets (23) (3)
Other liabilities (9) (11)
Net cash provided by (used in) operating activities 997 767
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,232) (1,018)
Purchases of debt and equity securities (83) (109)
Proceeds from sales and maturities of debt and equity securities 121 151
Other (81) (43)
Net cash used in investing activities (1,275) (1,019)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 82  
Payments for the redemption of long-term debt (40) (39)
Notes payable to affiliated companies 224 306
Other (1)  
Net cash provided by financing activities 265 267
Net increase (decrease) in cash, cash equivalents and restricted cash (13) 15
Cash, cash equivalents and restricted cash at beginning of period 86 62
Cash, cash equivalents and restricted cash at end of period 73 77
Cash, cash equivalents and restricted cash at beginning of period 45  
Cash, cash equivalents and restricted cash at end of period 37  
Significant non-cash transactions:    
Accrued capital expenditures 346 297
Duke Energy Ohio    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) attributable to Duke Energy 171 133
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 178 165
Equity component of AFUDC (3) (6)
Deferred income taxes 12 (41)
Payments for asset retirement obligations (5) (1)
Provision for rate refunds   5
(Increase) decrease in    
Receivables (14) 13
Receivables from affiliated companies   (3)
Inventory (33) 3
Other current liabilities (48) (47)
Other current assets 105 13
Increase (decrease) in    
Accounts payable (30) 57
Accounts payable to affiliated companies (12)  
Taxes accrued (135) (95)
Other assets (19) (46)
Other liabilities (44) 72
Net cash provided by (used in) operating activities 123 222
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (435) (406)
Losses on sales of other assets 75  
Notes receivable from affiliated companies (93) (37)
Other (34) (25)
Net cash used in investing activities (487) (468)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 749 50
Notes payable to affiliated companies (388) 199
Other (5) (1)
Net cash provided by financing activities 356 248
Net increase (decrease) in cash, cash equivalents and restricted cash (8) 2
Cash, cash equivalents and restricted cash at beginning of period 16 13
Cash, cash equivalents and restricted cash at end of period 8 15
Cash, cash equivalents and restricted cash at beginning of period 16  
Cash, cash equivalents and restricted cash at end of period 8  
Significant non-cash transactions:    
Accrued capital expenditures 120 102
Duke Energy Indiana    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) attributable to Duke Energy 220 70
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 328 312
Equity component of AFUDC (3) (10)
Impairment of assets and other charges   212
Deferred income taxes   (80)
Impairment of assets and other charges   211
Payments for asset retirement obligations (38) (31)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions   (53)
Receivables (81) 21
Receivables from affiliated companies   2
Inventory (104) (23)
Other current liabilities 124 52
Other current assets 185 (166)
Increase (decrease) in    
Accounts payable (94) 59
Accounts payable to affiliated companies (17) 7
Taxes accrued (12) 19
Other assets (26) (20)
Other liabilities 78 50
Net cash provided by (used in) operating activities 560 421
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (450) (433)
Purchases of debt and equity securities (44) (26)
Proceeds from sales and maturities of debt and equity securities 38 21
Notes receivable from affiliated companies 134 9
Other (39) (23)
Net cash used in investing activities (361) (452)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 495 67
Payments for the redemption of long-term debt (300) (53)
Notes payable to affiliated companies (225) 275
Distributions to parent (188) (237)
Other (1) (1)
Net cash provided by financing activities (219) 51
Net increase (decrease) in cash, cash equivalents and restricted cash (20) 20
Cash, cash equivalents and restricted cash at beginning of period 31 6
Cash, cash equivalents and restricted cash at end of period 11 26
Cash, cash equivalents and restricted cash at beginning of period 31  
Cash, cash equivalents and restricted cash at end of period 11  
Significant non-cash transactions:    
Accrued capital expenditures 116 94
Piedmont    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 235 213
Net income (loss) attributable to Duke Energy 235 213
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 117 111
Equity component of AFUDC (10) (4)
Impairment of assets and other charges 4  
Deferred income taxes 33 (4)
Impairment of assets and other charges (4)  
Equity in earnings of unconsolidated affiliates (4) (4)
Provision for rate refunds 0 (3)
(Increase) decrease in    
Receivables 317 168
Receivables from affiliated companies (2)  
Inventory 98 40
Other current liabilities 27 44
Other current assets (57) (63)
Increase (decrease) in    
Accounts payable (84) 31
Accounts payable to affiliated companies (7) 4
Taxes accrued (44) (32)
Other assets (7) (6)
Other liabilities 4 (1)
Net cash provided by (used in) operating activities 612 494
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (535) (385)
Contributions to equity method investments   (8)
Other (15) (9)
Net cash used in investing activities (550) (402)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 348 394
Notes payable to affiliated companies (410) (485)
Other 0 (1)
Net cash provided by financing activities (62) (92)
Significant non-cash transactions:    
Accrued capital expenditures $ 126 $ 124