XML 44 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues        
Regulated electric $ 6,091 $ 6,303 $ 16,122 $ 16,321
Regulated natural gas 247 89 1,168 355
Nonregulated electric and other 144 184 476 490
Total operating revenues 6,482 6,576 17,766 17,166
Operating Expenses        
Fuel used in electric generation and purchased power 1,863 2,031 4,853 5,140
Cost of natural gas 68 6 402 64
Operation, maintenance and other 1,442 1,460 4,282 4,227
Depreciation and amortization 900 819 2,594 2,402
Property and other taxes 313 302 924 887
Impairment charges 207 10 216 14
Total operating expenses 4,793 4,628 13,271 12,734
Gains (Losses) on Sales of Other Assets and Other, net 6 6 24 21
Operating Income (Loss) 1,695 1,954 4,519 4,453
Other Income and Expenses        
Equity in earnings (losses) of unconsolidated affiliates 36 (60) 101 (37)
Other income and expenses, net 88 86 255 237
Total other income and expenses 124 26 356 200
Interest Expense 498 464 1,475 1,431
Income (Loss) From Continuing Operations Before Income Taxes 1,321 1,516 3,400 3,222
Income Tax Expense (Benefit) from Continuing Operations 364 515 1,035 1,020
Income from Continuing Operations 957 1,001 2,365 2,202
(Loss) Income From Discontinued Operations, net of tax (2) 180 (4) 190
Net income 955 1,181 2,361 2,392
Less: Net Income Attributable to Noncontrolling Interests 1 5 5 13
Net Income (Loss) Attributable to Parent 954 1,176 2,356 2,379
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments 0 0 2 2
Net unrealized (losses) gains on cash flow hedges 2 6 (2) (19)
Reclassification into earnings from cash flow hedges (2) 1 3 3
Unrealized gains on available-for-sale securities 2 0 10 7
Other Comprehensive Income, net of tax 2 (5) 13 88
Comprehensive Income 957 1,176 2,374 2,480
Less: Comprehensive Income Attributable to Noncontrolling Interests 1 4 5 16
Comprehensive Income (Loss) Attributable to Parent $ 956 $ 1,172 $ 2,369 $ 2,464
Income from continuing operations attributable to Duke Energy Corporation common stockholders        
Basic (usd per share) $ 1.36 $ 1.44 $ 3.37 $ 3.19
Diluted (usd per share) 1.36 1.44 3.37 3.18
Income (Loss) from discontinued operations attributable to Duke Energy Corporation common stockholders        
Basic (usd per share)   0.26 (0.01) 0.26
Diluted (usd per share)   0.26 (0.01) 0.26
Net income attributable to Duke Energy Corporation common stockholders        
Basic (usd per share) 1.36 1.70 3.36 3.45
Diluted (usd per share) $ 1.36 $ 1.70 $ 3.36 $ 3.44
Weighted average shares outstanding        
Basic (shares) 700 689 700 689
Diluted (shares) 700 691 700 690
Duke Energy Carolinas [Member]        
Operating Revenues        
Total operating revenues $ 2,136 $ 2,226 $ 5,581 $ 5,641
Operating Expenses        
Fuel used in electric generation and purchased power 531 581 1,394 1,391
Operation, maintenance and other 480 493 1,431 1,481
Depreciation and amortization 281 268 804 802
Property and other taxes 67 68 206 206
Total operating expenses 1,359 1,410 3,835 3,880
Gains (Losses) on Sales of Other Assets and Other, net   (1)   (1)
Operating Income (Loss) 777 815 1,746 1,760
Other Income and Expenses        
Other income and expenses, net 26 39 99 121
Interest Expense 108 102 314 316
Income (Loss) From Continuing Operations Before Income Taxes 695 752 1,531 1,565
Income Tax Expense (Benefit) from Continuing Operations 229 258 522 539
Net Income (Loss) Attributable to Parent 466 494 1,009 1,026
Other Comprehensive Income (Loss), net of tax        
Reclassification into earnings from cash flow hedges     1 1
Other Comprehensive Income, net of tax     1 1
Comprehensive Income (Loss) Attributable to Parent 466 494 1,010 1,027
Progress Energy [Member]        
Operating Revenues        
Total operating revenues 2,864 2,965 7,435 7,645
Operating Expenses        
Fuel used in electric generation and purchased power 1,031 1,120 2,588 2,832
Operation, maintenance and other 572 582 1,650 1,699
Depreciation and amortization 334 318 958 904
Property and other taxes 140 136 386 375
Impairment charges 135 1 137 4
Total operating expenses 2,212 2,157 5,719 5,814
Gains (Losses) on Sales of Other Assets and Other, net 5 6 19 18
Operating Income (Loss) 657 814 1,735 1,849
Other Income and Expenses        
Other income and expenses, net 20 31 65 79
Interest Expense 193 177 595 497
Income (Loss) From Continuing Operations Before Income Taxes 484 668 1,205 1,431
Income Tax Expense (Benefit) from Continuing Operations 141 219 384 496
Net income 343 449 821 935
Less: Net Income Attributable to Noncontrolling Interests 2 3 7 8
Net Income (Loss) Attributable to Parent 341 446 814 927
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments 3   5 2
Net unrealized (losses) gains on cash flow hedges (2)   4  
Reclassification into earnings from cash flow hedges   1   4
Unrealized gains on available-for-sale securities 1 1 3 2
Other Comprehensive Income, net of tax 2 2 12 8
Comprehensive Income 345 451 833 943
Less: Comprehensive Income Attributable to Noncontrolling Interests 2 3 7 8
Comprehensive Income (Loss) Attributable to Parent 343 448 826 935
Duke Energy Progress [Member]        
Operating Revenues        
Total operating revenues 1,460 1,583 3,878 4,103
Operating Expenses        
Fuel used in electric generation and purchased power 475 569 1,214 1,441
Operation, maintenance and other 352 360 1,032 1,067
Depreciation and amortization 182 176 536 526
Property and other taxes 40 40 120 119
Impairment charges   1   1
Total operating expenses 1,049 1,146 2,902 3,154
Gains (Losses) on Sales of Other Assets and Other, net   1 3 2
Operating Income (Loss) 411 438 979 951
Other Income and Expenses        
Other income and expenses, net 14 18 47 47
Interest Expense 65 61 217 188
Income (Loss) From Continuing Operations Before Income Taxes 360 395 809 810
Income Tax Expense (Benefit) from Continuing Operations 114 124 262 271
Net Income (Loss) Attributable to Parent 246 271 547 539
Other Comprehensive Income (Loss), net of tax        
Comprehensive Income (Loss) Attributable to Parent 246 271 547 539
Duke Energy Florida [Member]        
Operating Revenues        
Total operating revenues 1,401 1,381 3,551 3,538
Operating Expenses        
Fuel used in electric generation and purchased power 557 550 1,374 1,391
Operation, maintenance and other 216 219 610 623
Depreciation and amortization 154 142 423 378
Property and other taxes 99 96 265 256
Impairment charges 135 1 137 4
Total operating expenses 1,161 1,008 2,809 2,652
Operating Income (Loss) 240 373 742 886
Other Income and Expenses        
Other income and expenses, net 15 11 45 30
Interest Expense 71 62 211 143
Income (Loss) From Continuing Operations Before Income Taxes 184 322 576 773
Income Tax Expense (Benefit) from Continuing Operations 64 116 208 286
Net Income (Loss) Attributable to Parent 120 206 368 487
Other Comprehensive Income (Loss), net of tax        
Unrealized gains on available-for-sale securities 1 1 3 2
Other Comprehensive Income, net of tax     3 2
Comprehensive Income (Loss) Attributable to Parent 121 207 371 489
Duke Energy Ohio [Member]        
Operating Revenues        
Regulated electric 371 390 1,036 1,053
Regulated natural gas 90 89 360 358
Nonregulated electric and other 10 10 30 22
Total operating revenues 471 489 1,426 1,433
Operating Expenses        
Fuel used in electric generation and purchased power 100 129 283 340
Fuel used in electric generation and purchased power – nonregulated 13 14 42 37
Cost of natural gas 5 6 69 64
Operation, maintenance and other 124 126 385 367
Depreciation and amortization 63 50 193 175
Property and other taxes 65 59 204 195
Impairment charges     1  
Total operating expenses 370 384 1,177 1,178
Gains (Losses) on Sales of Other Assets and Other, net 1 1 1 2
Operating Income (Loss) 102 106 250 257
Other Income and Expenses        
Other income and expenses, net 4 3 12 6
Interest Expense 22 22 67 63
Income (Loss) From Continuing Operations Before Income Taxes 84 87 195 200
Income Tax Expense (Benefit) from Continuing Operations 28 32 67 65
Income from Continuing Operations 56 55 128 135
(Loss) Income From Discontinued Operations, net of tax (1) 34 (1) 36
Net Income (Loss) Attributable to Parent 55 89 127 171
Other Comprehensive Income (Loss), net of tax        
Comprehensive Income (Loss) Attributable to Parent 55 89 127 171
Duke Energy Indiana [Member]        
Operating Revenues        
Total operating revenues 802 809 2,302 2,225
Operating Expenses        
Fuel used in electric generation and purchased power 259 242 744 690
Operation, maintenance and other 175 175 541 526
Depreciation and amortization 120 123 336 345
Property and other taxes 19 22 56 67
Impairment charges   8   8
Total operating expenses 573 570 1,677 1,636
Gains (Losses) on Sales of Other Assets and Other, net 1   1  
Operating Income (Loss) 230 239 626 589
Other Income and Expenses        
Other income and expenses, net 10 5 27 15
Interest Expense 44 45 132 136
Income (Loss) From Continuing Operations Before Income Taxes 196 199 521 468
Income Tax Expense (Benefit) from Continuing Operations 75 70 203 159
Net Income (Loss) Attributable to Parent 121 129 318 309
Other Comprehensive Income (Loss), net of tax        
Reclassification into earnings from cash flow hedges       (1)
Other Comprehensive Income, net of tax       (1)
Comprehensive Income (Loss) Attributable to Parent 121 129 318 308
Piedmont Natural Gas [Member]        
Operating Revenues        
Regulated natural gas 181 155 877 815
Nonregulated electric and other 2 3 7 8
Total operating revenues 183 158 884 823
Operating Expenses        
Cost of natural gas 63 42 333 289
Operation, maintenance and other 73 74 226 221
Depreciation and amortization 38 35 109 103
Property and other taxes 13 11 38 33
Impairment charges     7  
Total operating expenses 187 162 713 646
Operating Income (Loss) (4) (4) 171 177
Other Income and Expenses        
Equity in earnings (losses) of unconsolidated affiliates 3 2 8 25
Other income and expenses, net   (1) (1) (1)
Total other income and expenses 3 1 7 24
Interest Expense 20 17 59 50
Income (Loss) From Continuing Operations Before Income Taxes (21) (20) 119 151
Income Tax Expense (Benefit) from Continuing Operations (10) (8) 43 57
Net Income (Loss) Attributable to Parent (11) (12) 76 94
Other Comprehensive Income (Loss), net of tax        
Reclassification into earnings from cash flow hedges   1   1
Other Comprehensive Income, net of tax       1
Comprehensive Income (Loss) Attributable to Parent $ (11) $ (11) $ 76 $ 95