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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,579 $ 1,082 $ 3,571
Net (loss) income attributable to Duke Energy 3,908 1,377 3,748
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 5,663 5,486 5,176
Equity in (earnings) losses of unconsolidated affiliates (28) 2,005 (162)
Equity component of AFUDC (171) (154) (139)
Impairment of assets and other charges 356 984 (8)
Deferred income taxes 191 54 806
Payments for asset retirement obligations (540) (610) (746)
Provision for rate refunds (70) (22) 60
Refund of AMT credit carryforwards   572 573
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions 50 63 (48)
Receivables (297) (56) 78
Inventory (34) 66 (122)
Other current assets (1,136) 205 10
Increase (decrease) in      
Accounts payable 249 (21) (164)
Taxes accrued 284 117 (224)
Other current liabilities (13) (65) 172
Other assets 112 (408) (555)
Other liabilities 95 (442) (69)
Net cash provided by (used in) operating activities 8,290 8,856 8,209
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (9,715) (9,907) (11,122)
Contributions to equity method investments (81) (370) (324)
Return of investment capital 44 133 11
Purchases of debt and equity securities (6,098) (8,011) (3,348)
Proceeds from sales and maturities of debt and equity securities 6,103 7,949 3,343
Disbursements to canceled equity method investments (855)    
Other (333) (398) (517)
Net cash used in investing activities (10,935) (10,604) (11,957)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 9,052 6,330 7,091
Net proceeds from Issuance of Preferred Stock and Preference Stock     1,962
Proceeds from the issuance of common stock 5 2,745 384
Payments for the redemption of long-term debt (5,294) (4,506) (3,476)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 332 3,009 397
Payments for the redemption of short-term debt with original maturities greater than 90 days (997) (2,147) (479)
Notes payable and commercial paper 1,144 (1,181) (298)
Contributions from noncontrolling interests 1,575 426 843
Dividends paid (3,114) (2,812) (2,668)
Other (94) (133) (26)
Net cash provided by financing activities 2,609 1,731 3,730
Net decrease in cash, cash equivalents and restricted cash (36) (17) (18)
Cash, cash equivalents and restricted cash at beginning of period 556 573 591
Cash, cash equivalents and restricted cash at end of period 520 556 573
Cash, cash equivalents and restricted cash at beginning of period 259    
Cash, cash equivalents and restricted cash at end of period 343 259  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 2,248 2,186 2,195
Cash received from income taxes (3) (585) (651)
Significant non-cash transactions:      
Accrued capital expenditures 1,325 1,116 1,356
Non-cash dividends   110 108
Duke Energy Carolinas      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 1,336 956 1,403
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,743 1,731 1,671
Equity component of AFUDC (65) (62) (42)
Impairment of assets and other charges 227 476 17
Deferred income taxes (213) (260) 133
Payments for asset retirement obligations (182) (162) (278)
Provision for rate refunds (46) (5) 36
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions   (4) (8)
Receivables (99) 52 (21)
Receivables from affiliated companies (66) (10) 68
Inventory (16) (14) (48)
Other current assets (309) 209 (73)
Increase (decrease) in      
Accounts payable 5 55 (50)
Accounts payable to affiliated companies 85 (11) (20)
Taxes accrued 206 30 (127)
Other current liabilities (39) (56) 127
Other assets 21 (102) (42)
Other liabilities 116 (47) (37)
Net cash provided by (used in) operating activities 2,704 2,776 2,709
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,693) (2,669) (2,714)
Purchases of debt and equity securities (3,425) (1,602) (1,658)
Proceeds from sales and maturities of debt and equity securities 3,425 1,602 1,658
Other (177) (164) (204)
Net cash used in investing activities (2,870) (2,833) (2,918)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,651 998 886
Payments for the redemption of long-term debt (617) (813) (6)
Notes payable to affiliated companies (280) 477 (410)
Distributions to parent (600) (600) (275)
Other (1) (2) (1)
Net cash provided by financing activities 153 60 194
Net decrease in cash, cash equivalents and restricted cash (13) 3 (15)
Cash, cash equivalents and restricted cash at beginning of period 21 18 33
Cash, cash equivalents and restricted cash at end of period 8 21 18
Cash, cash equivalents and restricted cash at beginning of period 21    
Cash, cash equivalents and restricted cash at end of period 7 21  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 508 481 433
Cash received from income taxes 233 321 122
Significant non-cash transactions:      
Accrued capital expenditures 359 365 347
Progress Energy      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 1,599 1,046 1,327
Net (loss) income attributable to Duke Energy 1,598 1,045 1,327
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 2,302 2,327 2,207
Equity component of AFUDC (51) (42) (66)
Impairment of assets and other charges 82 495 (24)
Deferred income taxes 247 (197) 433
Payments for asset retirement obligations (288) (384) (412)
Provision for rate refunds (36) 2 15
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions 51 (9) (34)
Receivables (97) (69) 47
Receivables from affiliated companies 18 (81) 81
Inventory (26) 49 62
Other current assets (551) 223 184
Increase (decrease) in      
Accounts payable 59 (62) (4)
Accounts payable to affiliated companies 217 (21) (50)
Taxes accrued 13 75 (74)
Other current liabilities (32) 139 25
Other assets (110) (137) (341)
Other liabilities (99) (177) (167)
Net cash provided by (used in) operating activities 3,298 3,177 3,209
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (3,668) (3,488) (3,952)
Purchases of debt and equity securities (2,233) (5,998) (1,511)
Proceeds from sales and maturities of debt and equity securities 2,322 6,010 1,504
Notes receivable from affiliated companies   164 (164)
Other (156) (160) (190)
Net cash used in investing activities (3,735) (3,472) (4,313)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 3,095 1,791 2,187
Payments for the redemption of long-term debt (1,883) (2,157) (1,667)
Notes payable to affiliated companies (160) 1,148 586
Dividends to parent (700) (400)  
Other (2) (13) 12
Net cash provided by financing activities 350 369 1,118
Net decrease in cash, cash equivalents and restricted cash (87) 74 14
Cash, cash equivalents and restricted cash at beginning of period 200 126 112
Cash, cash equivalents and restricted cash at end of period 113 200 126
Cash, cash equivalents and restricted cash at beginning of period 59    
Cash, cash equivalents and restricted cash at end of period 70 59  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 813 819 892
Cash received from income taxes 14 149 (79)
Significant non-cash transactions:      
Accrued capital expenditures 501 363 447
Duke Energy Progress      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 991 415 805
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,286 1,299 1,329
Equity component of AFUDC (34) (29) (60)
Impairment of assets and other charges 63 499 12
Deferred income taxes (46) (234) 197
Payments for asset retirement obligations (187) (304) (390)
Provision for rate refunds (36) 2 12
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions 48 1 (6)
Receivables (52) (4) 21
Receivables from affiliated companies (33) 2 (29)
Inventory (11) 23 20
Other current assets (147) 98 101
Increase (decrease) in      
Accounts payable 12 (127) 32
Accounts payable to affiliated companies 95 12 (75)
Taxes accrued 83 68 (46)
Other current liabilities (23) 157 68
Other assets (37) (215) (205)
Other liabilities (16) 3 37
Net cash provided by (used in) operating activities 1,956 1,666 1,823
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (1,746) (1,581) (2,108)
Purchases of debt and equity securities (1,931) (1,555) (842)
Proceeds from sales and maturities of debt and equity securities 1,914 1,516 810
Other (20) (57) (119)
Net cash used in investing activities (1,783) (1,677) (2,259)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,959 1,296 1,269
Payments for the redemption of long-term debt (1,308) (1,085) (605)
Notes payable to affiliated companies (123) 229 (228)
Distributions to parent (700) (400)  
Other (1) (12) (1)
Net cash provided by financing activities (173) 28 435
Net decrease in cash, cash equivalents and restricted cash   17 (1)
Cash, cash equivalents and restricted cash at beginning of period 39 22 23
Cash, cash equivalents and restricted cash at end of period 39 39 22
Cash, cash equivalents and restricted cash at beginning of period 39    
Cash, cash equivalents and restricted cash at end of period 35 39  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 335 301 331
Cash received from income taxes 83 123 (30)
Significant non-cash transactions:      
Accrued capital expenditures 163 149 175
Duke Energy Florida      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 738 771 692
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,011 1,019 869
Equity component of AFUDC (16) (12) (6)
Impairment of assets and other charges 19 (4) (36)
Deferred income taxes 279 27 180
Payments for asset retirement obligations (101) (80) (22)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions   (14) (33)
Receivables (45) (64) 26
Receivables from affiliated companies (13) (3) 17
Inventory (15) 26 42
Other current assets (451) 40 156
Increase (decrease) in      
Accounts payable 47 66 (36)
Accounts payable to affiliated companies 124 (46) 40
Taxes accrued (30) 39 (31)
Other current liabilities (7) (7) (36)
Other assets (69) 84 (131)
Other liabilities (69) (181) (213)
Net cash provided by (used in) operating activities 1,402 1,661 1,478
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (1,923) (1,907) (1,844)
Purchases of debt and equity securities (302) (4,443) (669)
Proceeds from sales and maturities of debt and equity securities 408 4,495 695
Notes receivable from affiliated companies   173 (173)
Other (136) (103) (67)
Net cash used in investing activities (1,953) (1,785) (2,058)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,135 495 918
Payments for the redemption of long-term debt (575) (572) (262)
Notes payable to affiliated companies 3 196 (108)
Other   (1) 13
Net cash provided by financing activities 563 118 561
Net decrease in cash, cash equivalents and restricted cash 12 (6) (19)
Cash, cash equivalents and restricted cash at beginning of period 50 56 75
Cash, cash equivalents and restricted cash at end of period 62 50 56
Cash, cash equivalents and restricted cash at beginning of period 11    
Cash, cash equivalents and restricted cash at end of period 23 11  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 308 321 332
Cash received from income taxes (15) 138 1
Significant non-cash transactions:      
Accrued capital expenditures 337 214 272
Duke Energy Ohio      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 204 252 238
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 311 283 269
Equity component of AFUDC (7) (7) (13)
Impairment of assets and other charges 25    
Deferred income taxes 42 31 81
Payments for asset retirement obligations (2) (2) (8)
Provision for rate refunds 16 14 7
(Increase) decrease in      
Receivables 6 (13) 20
Receivables from affiliated companies (25) 9 22
Inventory (6) 25 (9)
Other current assets (60) (18) (5)
Increase (decrease) in      
Accounts payable 38 2 (17)
Accounts payable to affiliated companies (4)   (10)
Taxes accrued 26 30 17
Other current liabilities 11 3 1
Other assets (43) (32) (26)
Other liabilities 27 (2) (41)
Net cash provided by (used in) operating activities 559 575 526
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (848) (834) (952)
Notes receivable from affiliated companies (10) (19)  
Other (60) (48) (68)
Net cash used in investing activities (918) (901) (1,020)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 150 467 1,003
Payments for the redemption of long-term debt (50)   (551)
Notes payable to affiliated companies (67) (144) 38
Contribution from parent 325    
Net cash provided by financing activities 358 323 490
Net (decrease) increase in cash, cash equivalents and restricted cash (1) (3) (4)
Cash, cash equivalents and restricted cash at beginning of period 14 17 21
Cash, cash equivalents and restricted cash at end of period 13 14 17
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 107 97 97
Cash received from income taxes 9   (37)
Significant non-cash transactions:      
Accrued capital expenditures 135 104 109
Duke Energy Indiana      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 481 408 436
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 619 572 531
Equity component of AFUDC (27) (23) (18)
Impairment of assets and other charges 9    
Deferred income taxes 34 29 156
Payments for asset retirement obligations (67) (63) (48)
(Increase) decrease in      
Receivables (33) 8 (8)
Receivables from affiliated companies     41
Inventory 55 44 (95)
Other current assets (181) (3) 76
Increase (decrease) in      
Accounts payable 76 (12) (10)
Accounts payable to affiliated companies 8 1 4
Taxes accrued 12 13 (25)
Other current liabilities 13 6 15
Other assets 20 (68) (74)
Other liabilities (15) 26 16
Net cash provided by (used in) operating activities 1,004 938 997
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (818) (888) (876)
Purchases of debt and equity securities (142) (37) (26)
Proceeds from sales and maturities of debt and equity securities 65 22 20
Notes receivable from affiliated companies (120) (33)  
Other 36 48 (49)
Net cash used in investing activities (979) (888) (931)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 300 544 485
Payments for the redemption of long-term debt (70) (513) (213)
Notes payable to affiliated companies (131) 101 (137)
Distributions to parent (125) (200) (200)
Net cash provided by financing activities (26) (68) (65)
Net (decrease) increase in cash, cash equivalents and restricted cash (1) (18) 1
Cash, cash equivalents and restricted cash at beginning of period 7 25 24
Cash, cash equivalents and restricted cash at end of period 6 7 25
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 194 164 150
Cash received from income taxes 56 36 (6)
Significant non-cash transactions:      
Accrued capital expenditures 118 101 102
Piedmont      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income attributable to Duke Energy 310 273 202
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 216 182 174
Equity in (earnings) losses of unconsolidated affiliates (9) (9) (8)
Equity component of AFUDC (20) (19)  
Impairment of assets and other charges 10 7  
Deferred income taxes 4 53 136
Provision for rate refunds (4) (33) 2
(Increase) decrease in      
Receivables (77) 10 28
Receivables from affiliated companies (1)   12
Inventory (40) 3 (2)
Other current assets 33 (66) (25)
Increase (decrease) in      
Accounts payable (25) 16 (7)
Accounts payable to affiliated companies (39) 76 (35)
Taxes accrued 37 3 (60)
Other current liabilities (26) (11) 1
Other assets 26 (11) 1
Other liabilities (4) 7 (10)
Net cash provided by (used in) operating activities 391 481 409
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (850) (901) (1,053)
Contributions to equity method investments (9)   (16)
Return of investment capital 2 2 4
Other (31) (28) (14)
Net cash used in investing activities (890) (929) (1,083)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 347 394 596
Payments for the redemption of long-term debt (160)   (350)
Notes payable to affiliated companies (13) 54 278
Contribution from parent 325   150
Net cash provided by financing activities 499 448 674
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 114 115 84
Cash received from income taxes (13) (36) (31)
Significant non-cash transactions:      
Accrued capital expenditures $ 97 $ 106 $ 109