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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,082 $ 3,571 $ 2,644
Net (loss) income attributable to Duke Energy 1,377 3,748 2,666
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 5,486 5,176 4,696
Equity in losses (earnings) of unconsolidated affiliates 2,005 (162) (83)
Equity component of AFUDC (154) (139) (221)
(Gains) Losses on sales of other assets 10 (4) (88)
Impairment charges 984 (8) 402
Deferred income taxes 54 806 1,079
Payments for asset retirement obligations (610) (746) (533)
Payment for the disposal of other assets     (105)
Provision for rate refunds (22) 60 425
Refund of AMT credit carryforwards 572 573  
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions 63 (48) 22
Receivables (56) 78 (345)
Inventory 66 (122) 156
Other current assets 205 10 (721)
Increase (decrease) in      
Accounts payable (21) (164) 479
Taxes accrued 117 (224) 23
Other current liabilities (65) 172 270
Other assets (398) (559) (1,062)
Other liabilities (442) (69) (28)
Net cash provided by (used in) operating activities 8,856 8,209 7,186
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (9,907) (11,122) (9,389)
Contributions to equity method investments (370) (324) (416)
Return of investment capital 133 11 137
Purchases of debt and equity securities (8,011) (3,348) (3,762)
Proceeds from sales and maturities of debt and equity securities 7,949 3,343 3,747
Other (398) (517) (377)
Net cash used in investing activities (10,604) (11,957) (10,060)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 6,330 7,091 5,299
Net proceeds from Issuance of Preferred Stock and Preference Stock   1,962  
Proceeds from Issuance of Common Stock 2,745 384 1,838
Payments for the redemption of long-term debt (4,506) (3,476) (2,906)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 3,009 397 472
Payments for the redemption of short-term debt with original maturities greater than 90 days (2,147) (479) (282)
Notes payable and commercial paper (1,181) (298) 981
Contributions from noncontrolling interests 426 843 41
Dividends paid (2,812) (2,668) (2,471)
Other (133) (26) (12)
Net cash provided by financing activities 1,731 3,730 2,960
Net (decrease) increase in cash, cash equivalents, and restricted cash (17) (18) 86
Cash, cash equivalents, and restricted cash at beginning of period 573 591 505
Cash, cash equivalents, and restricted cash at end of period 556 573 591
Cash and cash equivalents at beginning of period 311    
Cash and cash equivalents at end of period 259 311  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 2,186 2,195 2,086
Cash received from income taxes (585) (651) (266)
Significant non-cash transactions:      
Accrued capital expenditures 1,116 1,356 1,112
Non-cash dividends 110 108 107
Duke Energy Carolinas      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 956 1,403 1,071
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,731 1,671 1,487
Equity component of AFUDC (62) (42) (73)
(Gains) Losses on sales of other assets 1   (1)
Impairment charges 476 17 192
Deferred income taxes (260) 133 305
Payments for asset retirement obligations (162) (278) (230)
Provision for rate refunds (5) 36 182
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions (4) (8) 2
Receivables 52 (21) (86)
Receivables from affiliated companies (10) 68 (87)
Inventory (14) (48) 25
Other current assets 209 (73) (161)
Increase (decrease) in      
Accounts payable 55 (50) 168
Accounts payable to affiliated companies (11) (20) 21
Taxes accrued 30 (127) (65)
Other current liabilities (56) 127 89
Other assets (101) (42) (221)
Other liabilities (47) (37) (90)
Net cash provided by (used in) operating activities 2,776 2,709 2,530
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,669) (2,714) (2,706)
Purchases of debt and equity securities (1,602) (1,658) (1,810)
Proceeds from sales and maturities of debt and equity securities 1,602 1,658 1,810
Other (164) (204) (147)
Net cash used in investing activities (2,833) (2,918) (2,853)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 998 886 1,983
Payments for the redemption of long-term debt (813) (6) (1,205)
Notes payable to affiliated companies 477 (410) 335
Distributions to parent (600) (275) (750)
Other (2) (1) (23)
Net cash provided by financing activities 60 194 340
Net increase (decrease) in cash and cash equivalents 3 (15) 17
Cash and cash equivalents at beginning of period 18 33 16
Cash and cash equivalents at end of period 21 18 33
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 481 433 452
Cash received from income taxes 321 122 89
Significant non-cash transactions:      
Accrued capital expenditures 365 347 302
Progress Energy      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 1,046 1,327 1,033
Net (loss) income attributable to Duke Energy 1,045 1,327 1,027
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 2,327 2,207 1,987
Equity component of AFUDC (42) (66) (104)
(Gains) Losses on sales of other assets 9   24
Impairment charges 495 (24) 87
Deferred income taxes (197) 433 358
Payments for asset retirement obligations (384) (412) (230)
Provision for rate refunds 2 15 122
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions (9) (34) 18
Receivables (69) 47 (207)
Receivables from affiliated companies (81) 81 (137)
Inventory 49 62 121
Other current assets 223 184 (12)
Increase (decrease) in      
Accounts payable (62) (4) 217
Accounts payable to affiliated companies (21) (50) 109
Taxes accrued 75 (74) 8
Other current liabilities 139 25 129
Other assets (128) (341) (896)
Other liabilities (177) (167) (35)
Net cash provided by (used in) operating activities 3,177 3,209 2,544
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (3,488) (3,952) (3,854)
Purchases of debt and equity securities (5,998) (1,511) (1,753)
Proceeds from sales and maturities of debt and equity securities 6,010 1,504 1,769
Notes receivable from affiliated companies 164 (164) 240
Other (160) (190) (162)
Net cash used in investing activities (3,472) (4,313) (3,760)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,791 2,187 1,833
Payments for the redemption of long-term debt (2,157) (1,667) (771)
Notes payable to affiliated companies 1,148 586 430
Dividends to parent (400)   (250)
Other (13) 12 (1)
Net cash provided by financing activities 369 1,118 1,241
Net (decrease) increase in cash, cash equivalents, and restricted cash 74 14 25
Cash, cash equivalents, and restricted cash at beginning of period 126 112 87
Cash, cash equivalents, and restricted cash at end of period 200 126 112
Cash and cash equivalents at beginning of period 48    
Cash and cash equivalents at end of period 59 48  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 819 892 798
Cash received from income taxes 149 (79) (348)
Significant non-cash transactions:      
Accrued capital expenditures 363 447 478
Duke Energy Progress      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 415 805 667
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,299 1,329 1,183
Equity component of AFUDC (29) (60) (57)
(Gains) Losses on sales of other assets 8   9
Impairment charges 499 12 33
Deferred income taxes (234) 197 236
Payments for asset retirement obligations (304) (390) (195)
Provision for rate refunds 2 12 122
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions 1 (6) 5
Receivables (4) 21 (107)
Receivables from affiliated companies 2 (29) (20)
Inventory 23 20 63
Other current assets 98 101 (201)
Increase (decrease) in      
Accounts payable (127) 32 219
Accounts payable to affiliated companies 12 (75) 99
Taxes accrued 68 (46) (11)
Other current liabilities 157 68 46
Other assets (207) (205) (465)
Other liabilities 3 37 20
Net cash provided by (used in) operating activities 1,666 1,823 1,628
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (1,581) (2,108) (2,220)
Purchases of debt and equity securities (1,555) (842) (1,236)
Proceeds from sales and maturities of debt and equity securities 1,516 810 1,206
Other (57) (119) (95)
Net cash used in investing activities (1,677) (2,259) (2,345)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,296 1,269 845
Payments for the redemption of long-term debt (1,085) (605) (3)
Notes payable to affiliated companies 229 (228) 54
Distributions to parent (400)   (175)
Other (12) (1) (1)
Net cash provided by financing activities 28 435 720
Net increase (decrease) in cash and cash equivalents 17 (1) 3
Cash and cash equivalents at beginning of period 22 23 20
Cash and cash equivalents at end of period 39 22 23
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 301 331 303
Cash received from income taxes 123 (30) (112)
Significant non-cash transactions:      
Accrued capital expenditures 149 175 220
Duke Energy Florida      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 771 692 554
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,019 869 793
Equity component of AFUDC (12) (6) (47)
(Gains) Losses on sales of other assets 1   1
Impairment charges (4) (36) 54
Deferred income taxes 27 180 159
Payments for asset retirement obligations (80) (22) (35)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions (14) (33) 7
Receivables (64) 26 (100)
Receivables from affiliated companies (3) 17 (26)
Inventory 26 42 58
Other current assets 40 156 59
Increase (decrease) in      
Accounts payable 66 (36) (1)
Accounts payable to affiliated companies (46) 40 17
Taxes accrued 39 (31) 40
Other current liabilities (7) (36) 82
Other assets 85 (131) (429)
Other liabilities (181) (213) (75)
Net cash provided by (used in) operating activities 1,661 1,478 1,109
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (1,907) (1,844) (1,634)
Purchases of debt and equity securities (4,443) (669) (517)
Proceeds from sales and maturities of debt and equity securities 4,495 695 563
Notes receivable from affiliated companies 173 (173) 313
Other (103) (67) (65)
Net cash used in investing activities (1,785) (2,058) (1,340)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 495 918 988
Payments for the redemption of long-term debt (572) (262) (769)
Notes payable to affiliated companies 196 (108) 108
Distributions to parent     (75)
Other (1) 13 1
Net cash provided by financing activities 118 561 253
Net (decrease) increase in cash, cash equivalents, and restricted cash (6) (19) 22
Cash, cash equivalents, and restricted cash at beginning of period 56 75 53
Cash, cash equivalents, and restricted cash at end of period 50 56 75
Cash and cash equivalents at beginning of period 17    
Cash and cash equivalents at end of period 11 17  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 321 332 270
Cash received from income taxes 138 1 (120)
Significant non-cash transactions:      
Accrued capital expenditures 214 272 258
Duke Energy Ohio      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 252 238 176
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 283 269 271
Equity component of AFUDC (7) (13) (11)
(Gains) Losses on sales of other assets 0 0 (106)
Deferred income taxes 31 81 25
Payments for asset retirement obligations (2) (8) (3)
Provision for rate refunds 14 7 24
(Increase) decrease in      
Receivables (13) 20 (33)
Receivables from affiliated companies 9 22 19
Inventory 25 (9) 7
Other current assets (18) (5) 16
Increase (decrease) in      
Accounts payable 2 (17) (19)
Accounts payable to affiliated companies 0 (10) 16
Taxes accrued 30 17 12
Other current liabilities 3 1 14
Other assets (32) (26) (24)
Other liabilities (2) (41) (26)
Net cash provided by (used in) operating activities 575 526 570
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (834) (952) (827)
Notes receivable from affiliated companies (19)   14
Other (48) (68) (89)
Net cash used in investing activities (901) (1,020) (902)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 467 1,003 99
Payments for the redemption of long-term debt   (551) (3)
Notes payable to affiliated companies (144) 38 245
Net cash provided by financing activities 323 490 341
Net increase (decrease) in cash and cash equivalents (3) (4) 9
Cash and cash equivalents at beginning of period 17 21 12
Cash and cash equivalents at end of period 14 17 21
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 97 97 87
Cash received from income taxes   (37) (6)
Significant non-cash transactions:      
Accrued capital expenditures 104 109 95
Transfer of ownership interest of certain equity method investees to parent     106
Duke Energy Indiana      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 408 436 393
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 572 531 524
Equity component of AFUDC (23) (18) (32)
Impairment charges     30
Deferred income taxes 29 156 95
Payments for asset retirement obligations (63) (48) (69)
Provision for rate refunds     53
(Increase) decrease in      
Receivables 8 (8) 7
Receivables from affiliated companies 0 41 3
Inventory 44 (95) 28
Other current assets (3) 76 (25)
Increase (decrease) in      
Accounts payable (12) (10) 37
Accounts payable to affiliated companies 1 4 5
Taxes accrued 13 (25) (52)
Other current liabilities 6 15 14
Other assets (68) (74) 26
Other liabilities 26 16 (31)
Net cash provided by (used in) operating activities 938 997 1,006
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (888) (876) (832)
Purchases of debt and equity securities (37) (26) (48)
Proceeds from sales and maturities of debt and equity securities 22 20 44
Notes receivable from affiliated companies (33)    
Other 48 (49) 18
Net cash used in investing activities (888) (931) (818)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 544 485  
Payments for the redemption of long-term debt (513) (213) (3)
Notes payable to affiliated companies 101 (137) 6
Distributions to parent (200) (200) (175)
Other     (1)
Net cash provided by financing activities (68) (65) (173)
Net increase (decrease) in cash and cash equivalents (18) 1 15
Cash and cash equivalents at beginning of period 25 24 9
Cash and cash equivalents at end of period 7 25 24
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 164 150 162
Cash received from income taxes 36 (6) 75
Significant non-cash transactions:      
Accrued capital expenditures 101 102 88
Piedmont      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 273 202 129
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 182 174 161
Equity in losses (earnings) of unconsolidated affiliates (9) (8) (7)
Equity component of AFUDC (19)    
Impairment charges 7    
Deferred income taxes 53 136 (31)
Provision for rate refunds (33) 2 43
(Increase) decrease in      
Receivables 10 28 7
Receivables from affiliated companies   12 (15)
Inventory 3 (2) (4)
Other current assets (66) (25) 71
Increase (decrease) in      
Accounts payable 16 (7) 15
Accounts payable to affiliated companies 76 (35) 25
Taxes accrued 3 (60) 65
Other current liabilities (11) 1 21
Other assets (11) 1 3
Other liabilities 7 (10) (5)
Net cash provided by (used in) operating activities 481 409 478
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (901) (1,053) (721)
Contributions to equity method investments   (16)  
Return of investment capital 2 4 3
Other (28) (14) (10)
Net cash used in investing activities (929) (1,083) (731)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 394 596 100
Payments for the redemption of long-term debt   (350)  
Notes payable to affiliated companies 54 278 (166)
Contribution from parent   150 300
Net cash provided by financing activities 448 674 234
Net increase (decrease) in cash and cash equivalents     (19)
Cash and cash equivalents at beginning of period     19
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 115 84 79
Cash received from income taxes (36) (31) (16)
Significant non-cash transactions:      
Accrued capital expenditures $ 106 $ 109 $ 96