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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 2,455 $ 3,579 $ 1,082
Net loss attributable to Duke Energy 2,550 3,908 1,377
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 5,843 5,663 5,486
Equity in (earnings) losses of unconsolidated affiliates (114) (28) 2,005
Equity component of AFUDC (197) (171) (154)
Impairment of assets and other charges 2,183 356 984
Deferred income taxes (200) 191 54
Contributions to qualified pension plans (58)    
Payments for asset retirement obligations (584) (540) (610)
Provision for rate refunds (130) (70) (22)
Refund of AMT credit carryforwards     572
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions 19 50 63
Receivables (788) (297) (56)
Inventory (476) (34) 66
Other current assets [1] (1,498) (1,136) 205
Increase (decrease) in      
Accounts payable 805 249 (21)
Taxes accrued 10 284 117
Other current liabilities (153) (13) (65)
Other assets [1] (1,600) 112 (408)
Other liabilities 410 95 (442)
Net cash provided by (used in) operating activities 5,927 8,290 8,856
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (11,367) (9,715) (9,907)
Contributions to equity method investments (58) (81) (370)
Return of investment capital 6 44 133
Purchases of debt and equity securities (4,243) (6,098) (8,011)
Proceeds from sales and maturities of debt and equity securities 4,333 6,103 7,949
Disbursements to canceled equity method investments   (855)  
Other (644) (333) (398)
Net cash used in investing activities (11,973) (10,935) (10,604)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 11,874 9,052 6,330
Proceeds from the issuance of common stock 9 5 2,745
Payments for the redemption of long-term debt (4,396) (5,294) (4,506)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days 80 332 3,009
Payments for the redemption of short-term debt with original maturities greater than 90 days (287) (997) (2,147)
Notes payable and commercial paper 781 1,144 (1,181)
Contributions from noncontrolling interests 1,377 1,575 426
Dividends paid (3,179) (3,114) (2,812)
Other (130) (94) (133)
Net cash provided by financing activities 6,129 2,609 1,731
Net increase (decrease) in cash, cash equivalents and restricted cash 83 (36) (17)
Cash, cash equivalents and restricted cash at beginning of period 520 556 573
Cash, cash equivalents and restricted cash at end of period 603 520 556
Cash, cash equivalents and restricted cash at beginning of period 341    
Cash, cash equivalents and restricted cash at end of period 409 341  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 2,361 2,248 2,186
Cash received from income taxes (6) (3) (585)
Significant non-cash transactions:      
Accrued capital expenditures 1,766 1,325 1,116
Non-cash dividends     110
Duke Energy Carolinas      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss attributable to Duke Energy 1,600 1,336 956
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,787 1,743 1,731
Equity component of AFUDC (98) (65) (62)
Impairment of assets and other charges 26 227 476
Deferred income taxes 210 (213) (260)
Contributions to qualified pension plans (15)    
Payments for asset retirement obligations (200) (182) (162)
Provision for rate refunds (74) (46) (5)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions     (4)
Receivables (102) (99) 52
Receivables from affiliated companies (200) (66) (10)
Inventory (138) (16) (14)
Other current assets [2] (592) (309) 209
Increase (decrease) in      
Accounts payable 377 5 55
Accounts payable to affiliated companies (75) 85 (11)
Taxes accrued (46) 206 30
Other current liabilities (91) (39) (56)
Other assets [2] (764) 21 (102)
Other liabilities (36) 116 (47)
Net cash provided by (used in) operating activities 1,569 2,704 2,776
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (3,304) (2,693) (2,669)
Purchases of debt and equity securities (2,633) (3,425) (1,602)
Proceeds from sales and maturities of debt and equity securities 2,633 3,425 1,602
Other (181) (177) (164)
Net cash used in investing activities (3,485) (2,870) (2,833)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,441 1,651 998
Payments for the redemption of long-term debt (436) (617) (813)
Notes payable to affiliated companies 1,007 (280) 477
Distributions to parent (50) (600) (600)
Other (1) (1) (2)
Net cash provided by financing activities 1,961 153 60
Net increase (decrease) in cash, cash equivalents and restricted cash 45 (13) 3
Cash, cash equivalents and restricted cash at beginning of period 8 21 18
Cash, cash equivalents and restricted cash at end of period 53 8 21
Cash, cash equivalents and restricted cash at beginning of period 7    
Cash, cash equivalents and restricted cash at end of period 44 7  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 546 508 481
Cash received from income taxes (60) 233 321
Significant non-cash transactions:      
Accrued capital expenditures 475 359 365
Progress Energy      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 1,828 1,599 1,046
Net loss attributable to Duke Energy 1,828 1,598 1,045
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 2,405 2,302 2,327
Equity component of AFUDC (68) (51) (42)
Impairment of assets and other charges 12 82 495
Deferred income taxes 364 247 (197)
Contributions to qualified pension plans (13)    
Payments for asset retirement obligations (291) (288) (384)
Provision for rate refunds (58) (36) 2
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions   51 (9)
Receivables (322) (97) (69)
Receivables from affiliated companies 117 18 (81)
Inventory (183) (26) 49
Other current assets [3] (937) (551) 223
Increase (decrease) in      
Accounts payable 222 59 (62)
Accounts payable to affiliated companies 206 217 (21)
Taxes accrued 8 13 75
Other current liabilities 96 (32) 139
Other assets [3] (1,116) (110) (137)
Other liabilities 573 (99) (177)
Net cash provided by (used in) operating activities 2,843 3,298 3,177
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (4,317) (3,668) (3,488)
Purchases of debt and equity securities (1,341) (2,233) (5,998)
Proceeds from sales and maturities of debt and equity securities 1,417 2,322 6,010
Notes receivable from affiliated companies   0 164
Other (137) (156) (160)
Net cash used in investing activities (4,378) (3,735) (3,472)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 2,775 3,095 1,791
Payments for the redemption of long-term debt (1,173) (1,883) (2,157)
Notes payable to affiliated companies 465 (160) 1,148
Dividends to parent (425) (700) (400)
Other (36) (2) (13)
Net cash provided by financing activities 1,606 350 369
Net increase (decrease) in cash, cash equivalents and restricted cash 71 (87) 74
Cash, cash equivalents and restricted cash at beginning of period 113 200 126
Cash, cash equivalents and restricted cash at end of period 184 113 200
Cash, cash equivalents and restricted cash at beginning of period 70    
Cash, cash equivalents and restricted cash at end of period 108 70  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 854 813 819
Cash received from income taxes 79 14 149
Significant non-cash transactions:      
Accrued capital expenditures 663 501 363
Duke Energy Progress      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss attributable to Duke Energy 1,008 991 415
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,371 1,286 1,299
Equity component of AFUDC (52) (34) (29)
Impairment of assets and other charges 7 63 499
Deferred income taxes 121 (46) (234)
Contributions to qualified pension plans (8)    
Payments for asset retirement obligations (193) (187) (304)
Provision for rate refunds (58) (36) 2
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions   48 1
Receivables (228) (52) (4)
Receivables from affiliated companies 58 (33) 2
Inventory (85) (11) 23
Other current assets [4] (207) (147) 98
Increase (decrease) in      
Accounts payable 20 12 (127)
Accounts payable to affiliated companies 198 95 12
Taxes accrued (86) 83 68
Other current liabilities 13 (23) 157
Other assets [4] (416) (37) (215)
Other liabilities 38 (16) 3
Net cash provided by (used in) operating activities 1,501 1,956 1,666
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,070) (1,746) (1,581)
Purchases of debt and equity securities (1,148) (1,931) (1,555)
Proceeds from sales and maturities of debt and equity securities 1,138 1,914 1,516
Other (29) (20) (57)
Net cash used in investing activities (2,109) (1,783) (1,677)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,477 1,959 1,296
Payments for the redemption of long-term debt (645) (1,308) (1,085)
Notes payable to affiliated companies 67 (123) 229
Distributions to parent (250) (700) (400)
Other (1) (1) (12)
Net cash provided by financing activities 648 (173) 28
Net increase (decrease) in cash, cash equivalents and restricted cash 40 0 17
Cash, cash equivalents and restricted cash at beginning of period 39 39 22
Cash, cash equivalents and restricted cash at end of period 79 39 39
Cash, cash equivalents and restricted cash at beginning of period 35    
Cash, cash equivalents and restricted cash at end of period 49 35  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 386 335 301
Cash received from income taxes 157 83 123
Significant non-cash transactions:      
Accrued capital expenditures 269 163 149
Duke Energy Florida      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss attributable to Duke Energy 909 738 771
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,032 1,011 1,019
Equity component of AFUDC (16) (16) (12)
Impairment of assets and other charges 4 19 (4)
Deferred income taxes 285 279 27
Contributions to qualified pension plans (5)    
Payments for asset retirement obligations (98) (101) (80)
(Increase) decrease in      
Net realized and unrealized mark-to-market and hedging transactions   0 (14)
Receivables (93) (45) (64)
Receivables from affiliated companies 14 (13) (3)
Inventory (98) (15) 26
Other current assets [5] (640) (451) 40
Increase (decrease) in      
Accounts payable 202 47 66
Accounts payable to affiliated companies (32) 124 (46)
Taxes accrued 2 (30) 39
Other current liabilities 62 (7) (7)
Other assets [5] (704) (69) 84
Other liabilities 18 (69) (181)
Net cash provided by (used in) operating activities 842 1,402 1,661
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,247) (1,923) (1,907)
Purchases of debt and equity securities (193) (302) (4,443)
Proceeds from sales and maturities of debt and equity securities 279 408 4,495
Notes receivable from affiliated companies     173
Other (108) (136) (103)
Net cash used in investing activities (2,269) (1,953) (1,785)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 1,298 1,135 495
Payments for the redemption of long-term debt (77) (575) (572)
Notes payable to affiliated companies 406 3 196
Distributions to parent (175)    
Other (1)   (1)
Net cash provided by financing activities 1,451 563 118
Net increase (decrease) in cash, cash equivalents and restricted cash 24 12 (6)
Cash, cash equivalents and restricted cash at beginning of period 62 50 56
Cash, cash equivalents and restricted cash at end of period 86 62 50
Cash, cash equivalents and restricted cash at beginning of period 23    
Cash, cash equivalents and restricted cash at end of period 45 23  
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 339 308 321
Cash received from income taxes (83) (15) 138
Significant non-cash transactions:      
Accrued capital expenditures 394 337 214
Duke Energy Ohio      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss attributable to Duke Energy 302 204 252
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 328 311 283
Equity component of AFUDC (7) (7) (7)
Impairment of assets and other charges (10) 25  
Deferred income taxes (22) 42 31
Contributions to qualified pension plans (3)    
Payments for asset retirement obligations (12) (2) (2)
Provision for rate refunds 5 16 14
(Increase) decrease in      
Receivables 23 6 (13)
Receivables from affiliated companies (5) (25) 9
Inventory (28) (6) 25
Other current assets (55) (60) (18)
Increase (decrease) in      
Accounts payable 44 38 2
Accounts payable to affiliated companies 8 (4)  
Taxes accrued 42 26 30
Other current liabilities (63) 11 3
Other assets (29) (43) (32)
Other liabilities 64 27 (2)
Net cash provided by (used in) operating activities 582 559 575
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (850) (848) (834)
Notes receivable from affiliated companies (105) (10) (19)
Other (67) (60) (48)
Net cash used in investing activities (1,022) (918) (901)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 50 150 467
Payments for the redemption of long-term debt   (50)  
Notes payable to affiliated companies 395 (67) (144)
Contribution from parent   325  
Other (2)    
Net cash provided by financing activities 443 358 323
Net increase (decrease) in cash, cash equivalents and restricted cash 3 (1) (3)
Cash, cash equivalents and restricted cash at beginning of period 13 14 17
Cash, cash equivalents and restricted cash at end of period 16 13 14
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 126 107 97
Cash received from income taxes (35) 9  
Significant non-cash transactions:      
Accrued capital expenditures 123 135 104
Duke Energy Indiana      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss attributable to Duke Energy 137 481 408
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 648 619 572
Equity component of AFUDC (13) (27) (23)
Impairment of assets and other charges 388 9  
Deferred income taxes (64) 34 29
Contributions to qualified pension plans (5)    
Payments for asset retirement obligations (82) (67) (63)
(Increase) decrease in      
Receivables (3) (33) 8
Receivables from affiliated companies 20    
Inventory (70) 55 44
Other current assets (3) (181) (3)
Increase (decrease) in      
Accounts payable 105 76 (12)
Accounts payable to affiliated companies (3) 8 1
Taxes accrued 34 12 13
Other current liabilities 9 13 6
Other assets (10) 20 (68)
Other liabilities 13 (15) 26
Net cash provided by (used in) operating activities 1,101 1,004 938
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (877) (818) (888)
Purchases of debt and equity securities (61) (142) (37)
Proceeds from sales and maturities of debt and equity securities 48 65 22
Notes receivable from affiliated companies (86) (120) (33)
Other (55) 36 48
Net cash used in investing activities (1,031) (979) (888)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 67 300 544
Payments for the redemption of long-term debt (84) (70) (513)
Notes payable to affiliated companies 435 (131) 101
Distributions to parent (462) (125) (200)
Other (1)    
Net cash provided by financing activities (45) (26) (68)
Net increase (decrease) in cash, cash equivalents and restricted cash 25 (1) (18)
Cash, cash equivalents and restricted cash at beginning of period 6 7 25
Cash, cash equivalents and restricted cash at end of period 31 6 7
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 186 194 164
Cash received from income taxes 35 56 36
Significant non-cash transactions:      
Accrued capital expenditures 122 118 101
Piedmont      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 323 310 273
Net loss attributable to Duke Energy 323 310 273
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 225 216 182
Equity in (earnings) losses of unconsolidated affiliates (8) (9) (9)
Equity component of AFUDC (11) (20) (19)
(Gains) Losses on sales of other assets (4) 0 0
Impairment of assets and other charges 18 10 7
Deferred income taxes 5 4 53
Contributions to qualified pension plans (2)    
Provision for rate refunds (3) (4) (33)
(Increase) decrease in      
Receivables (111) (77) 10
Receivables from affiliated companies   (1)  
Inventory (63) (40) 3
Other current assets 32 33 (66)
Increase (decrease) in      
Accounts payable 40 (25) 16
Accounts payable to affiliated companies 11 (39) 76
Taxes accrued 11 37 3
Other current liabilities 36 (26) (11)
Other assets 9 26 (11)
Other liabilities (1) (4) 7
Net cash provided by (used in) operating activities 507 391 481
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (862) (850) (901)
Contributions to equity method investments (8) (9)  
Other (26) (31) (28)
Net cash used in investing activities (896) (890) (929)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 394 347 394
Payments for the redemption of long-term debt   (160)  
Notes payable to affiliated companies (4) (13) 54
Contribution from parent   325  
Other (1)    
Net cash provided by financing activities 389 499 448
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 135 114 115
Cash received from income taxes 23 (13) (36)
Significant non-cash transactions:      
Accrued capital expenditures $ 207 $ 97 $ 106
[1] Includes approximately $2.6 billion for impacts of under-collected deferred fuel regulatory assets for the year ended December 31, 2022.
[2] Includes approximately $1.3 billion for impacts of under-collected deferred fuel regulatory assets for the year ended December 31, 2022.
[3] Includes approximately $1.3 billion for impacts of under-collected deferred fuel regulatory assets for the year ended December 31, 2022.
[4] Includes approximately $402 million for impacts of under-collected deferred fuel regulatory assets for the year ended December 31, 2022.
[5] Includes approximately $942 million for impacts of under-collected deferred fuel regulatory assets for the year ended December 31, 2022.