XML 61 R22.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - Duke Energy Progress - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 1,836 $ 3,186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 4,538 4,414
Equity component of AFUDC (146) (151)
Impairment of assets and other charges 96 202
Deferred income taxes (29) 209
Contributions to qualified pension plans (100) (58)
Payments for asset retirement obligations (423) (418)
Provision for rate refunds (59) (97)
(Increase) decrease in    
Receivables 481 (356)
Inventory (531) (290)
Other current assets 40 (2,403)
Increase (decrease) in    
Accounts payable (972) 504
Taxes accrued 277 206
Other current liabilities (116) 263
Other assets 491 (68)
Other liabilities 368 188
Net cash provided by operating activities 7,309 5,188
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (9,310) (8,148)
Purchases of debt and equity securities (2,811) (3,619)
Proceeds from sales and maturities of debt and equity securities 2,848 3,691
Other (578) (517)
Net cash used in investing activities (9,751) (8,630)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 8,704 9,466
Payments for the redemption of long-term debt (3,097) (3,803)
Other (95) (124)
Net cash provided by financing activities 2,413 3,551
Net (decrease) increase in cash, cash equivalents and restricted cash (29) 109
Cash, cash equivalents and restricted cash at beginning of period 603 520
Cash, cash equivalents and restricted cash at end of period 574 629
Significant non-cash transactions:    
Accrued capital expenditures 1,528 1,387
Duke Energy Progress    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) 677 831
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,077 1,034
Equity component of AFUDC (38) (37)
Impairment of assets and other charges 31 4
Deferred income taxes (12) 66
Contributions to qualified pension plans (13) (8)
Payments for asset retirement obligations (166) (133)
Provision for rate refunds (24) (44)
(Increase) decrease in    
Receivables 5 (95)
Receivables from affiliated companies (7) 64
Inventory (135) (58)
Other current assets (189) (266)
Increase (decrease) in    
Accounts payable (38) 7
Accounts payable to affiliated companies (256) 58
Taxes accrued 178 (1)
Other current liabilities (25) 122
Other assets 175 (105)
Other liabilities 23 39
Net cash provided by operating activities 1,263 1,478
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,756) (1,506)
Purchases of debt and equity securities (973) (1,148)
Proceeds from sales and maturities of debt and equity securities 969 1,141
Notes receivable from affiliated companies 0 (329)
Other (114) (11)
Net cash used in investing activities (1,874) (1,853)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of long-term debt 991 1,448
Payments for the redemption of long-term debt (364) (612)
Notes payable to affiliated companies 452 (172)
Distributions to parent (500) (250)
Other (1) (1)
Net cash provided by financing activities 578 413
Net (decrease) increase in cash, cash equivalents and restricted cash (33) 38
Cash, cash equivalents and restricted cash at beginning of period 79 39
Cash, cash equivalents and restricted cash at end of period 46 77
Significant non-cash transactions:    
Accrued capital expenditures $ 206 $ 184