XML 84 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 954 $ 228
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and Amortization 991 979
Equity component of AFUDC (123) (110)
Severance expense   98
Gains on sales of other assets and other, net (27) (8)
Impairment of goodwill and other long-lived assets 9 658
Deferred income taxes and investment tax credit amortization 461 245
Equity in earnings of unconsolidated affiliates (80) (65)
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions 13 6
Receivables 166 63
Inventory (85) 217
Other current assets 128 40
Increase (decrease) in    
Accounts payable (338) (124)
Taxes accrued (99) (43)
Other current liabilities (179) (121)
Other assets 81 117
Other liabilities (155) (56)
Net cash provided by operating activities 1,717 2,124
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,938) (2,325)
Investment expenditures (49) (160)
Acquisitions (4)  
Purchases of available-for-sale securities (1,266) (1,232)
Proceeds from sales and maturities of available-for-sale securities 1,281 1,229
Net proceeds from the sales of other assets, and sales of and collections on notes receivable 109 5
Purchases of emission allowances (4) (9)
Sales of emission allowances 7 17
Change in restricted cash 24 (37)
Other 2 4
Net cash used in investing activities (1,838) (2,508)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 499 1,363
Issuance of common stock related to employee benefit plans 10 112
Payments for the redemption of long-term debt (82) (948)
Notes payable and commercial paper 63 (16)
Distributions to noncontrolling interests (18) (5)
Dividends paid (657) (635)
Other (2) (19)
Net cash provided by (used in) financing activities (187) (148)
Net decrease in cash and cash equivalents (308) (532)
Cash and cash equivalents at beginning of period 1,670 1,542
Cash and cash equivalents at end of period 1,362 1,010
Significant non-cash transactions:    
Accrued capital expenditures 317 353
Dividends declared but not paid 337 322
Debt associated with the consolidation of variable interest entities   342
Duke Energy Carolinas [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) 398 394
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and Amortization 486 476
Equity component of AFUDC (82) (83)
Severance expense   64
Gains on sales of other assets and other, net (1) (5)
Deferred income taxes and investment tax credit amortization 311 145
Accrued pension and other post-retirement benefit costs 17 17
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions 2  
Receivables 143 (3)
Inventory (43) 142
Other current assets 141 1
Increase (decrease) in    
Accounts payable (322) (48)
Taxes accrued (29) (1)
Other current liabilities (57) (95)
Other assets (18) (1)
Other liabilities (143) (80)
Net cash provided by operating activities 803 923
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,070) (1,190)
Purchases of available-for-sale securities (767) (640)
Proceeds from sales and maturities of available-for-sale securities 743 627
Sales of emission allowances 1 5
Notes due from affiliate (211) 303
Change in restricted cash 2  
Other (7) (4)
Net cash used in investing activities (1,309) (899)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt 499 449
Payments for the redemption of long-term debt (1) (502)
Distribution to parent   (350)
Other (2) (2)
Net cash provided by (used in) financing activities 496 (405)
Net decrease in cash and cash equivalents (10) (381)
Cash and cash equivalents at beginning of period 153 394
Cash and cash equivalents at end of period 143 13
Significant non-cash transactions:    
Accrued capital expenditures 140 134
Duke Energy Ohio [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) 106 (629)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and Amortization 177 204
Severance expense   21
Gains on sales of other assets and other, net (2) (3)
Impairment of goodwill and other long-lived assets 9 837
Deferred income taxes and investment tax credit amortization 85 (70)
Accrued pension and other post-retirement benefit costs 6 7
(Increase) decrease in    
Net realized and unrealized mark-to-market and hedging transactions 12 (2)
Receivables 124 71
Inventory (4) 22
Other current assets 15 41
Increase (decrease) in    
Accounts payable (79) (145)
Taxes accrued (55)  
Other current liabilities (6) (21)
Other assets 23 24
Other liabilities (45) (18)
Net cash provided by operating activities 366 339
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (230) (189)
Purchases of emission allowances (4) (8)
Sales of emission allowances 6 9
Notes due from affiliate 86 (265)
Change in restricted cash 4  
Other (2)  
Net cash used in investing activities (140) (453)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt   7
Payments for the redemption of long-term debt (4) (4)
Distribution to parent (285)  
Net cash provided by (used in) financing activities (289) 3
Net decrease in cash and cash equivalents (63) (111)
Cash and cash equivalents at beginning of period 228 127
Cash and cash equivalents at end of period 165 16
Significant non-cash transactions:    
Accrued capital expenditures 25 51
Duke Energy Indiana [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) 144 127
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and Amortization 200 189
Equity component of AFUDC (39) (23)
Severance expense   26
Deferred income taxes and investment tax credit amortization 39 69
Accrued pension and other post-retirement benefit costs 11 11
(Increase) decrease in    
Receivables 89 (22)
Inventory (31) 52
Other current assets 6 (31)
Increase (decrease) in    
Accounts payable (9) (114)
Taxes accrued   (5)
Other current liabilities (4) (23)
Other assets 15 12
Other liabilities (27) (17)
Net cash provided by operating activities 394 251
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (512) (644)
Purchases of available-for-sale securities (2) (12)
Proceeds from sales and maturities of available-for-sale securities 1 14
Purchases of emission allowances   (1)
Sales of emission allowances   3
Notes due from affiliate 85 15
Change in restricted cash 4 1
Other (3) (1)
Net cash used in investing activities (427) (625)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of long-term debt   12
Payments for the redemption of long-term debt (2) (2)
Capital contribution from parent   350
Net cash provided by (used in) financing activities (2) 360
Net decrease in cash and cash equivalents (35) (14)
Cash and cash equivalents at beginning of period 54 20
Cash and cash equivalents at end of period 19 6
Significant non-cash transactions:    
Accrued capital expenditures $ 143 $ 140