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Condensed Consolidated Statements of Cash Flows - Duke Energy Piedmont - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,151 $ 761
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,534 1,344
Equity component of AFUDC (55) (46)
Impairment of assets and other charges 1 8
Deferred income taxes 149 90
Equity in earnings of unconsolidated affiliates (17) (20)
(Increase) decrease in    
Receivables 226 754
Inventory 11 (275)
Other current assets 329 262
Increase (decrease) in    
Accounts payable (553) (1,193)
Taxes accrued (110) (148)
Other current liabilities (208) (266)
Other assets 41 (13)
Other liabilities 149 157
Net cash provided by operating activities 2,474 1,483
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,208) (3,146)
Other (166) (149)
Net cash used in investing activities (3,342) (3,209)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net cash provided by financing activities 1,029 1,747
Net increase in cash, cash equivalents and restricted cash 161 21
Cash, cash equivalents and restricted cash at beginning of period 357 603
Cash, cash equivalents and restricted cash at end of period 518 624
Significant non-cash transactions:    
Accrued capital expenditures 1,615 1,366
Piedmont    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 246 232
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion (including amortization of nuclear fuel) 63 58
Equity component of AFUDC (6) (5)
Impairment of assets and other charges 0 1
Deferred income taxes (15) 14
Equity in earnings of unconsolidated affiliates (2) (2)
(Increase) decrease in    
Receivables 13 189
Receivables from affiliated companies (2) 0
Inventory 48 73
Other current assets 20 (19)
Increase (decrease) in    
Accounts payable (43) (107)
Accounts payable to affiliated companies 2 (12)
Taxes accrued 12 (13)
Other current liabilities (1) 42
Other assets (2) (2)
Other liabilities 9 (1)
Net cash provided by operating activities 342 448
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (294) (271)
Other (18) (6)
Net cash used in investing activities (312) (277)
CASH FLOWS FROM FINANCING ACTIVITIES    
Notes payable to affiliated companies (30) (171)
Net cash provided by financing activities (30) (171)
Net increase in cash, cash equivalents and restricted cash 0 0
Cash, cash equivalents and restricted cash at beginning of period 0 0
Cash, cash equivalents and restricted cash at end of period 0 0
Significant non-cash transactions:    
Accrued capital expenditures $ 195 $ 160