Duke Energy 2006 Annual Report Download - page 41

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DUKE ENERGY 2006 SUMMARY ANNUAL REPORT 39
2007 EMPLOYEE INCENTIVE TARGET MEASURE
Duke Energy’s 2006 Summary Annual Report references the
company’s 2007 employee incentive target. The EPS measure
used for employee incentive bonuses is based on ongoing diluted
EPS. Ongoing diluted EPS is a non-GAAP financial measure as it
represents diluted EPS from continuing operations adjusted for the
per-share impact of special items. Special items represent certain
charges and credits which management believes will not be
recurring on a regular basis. The most directly comparable GAAP
measure for ongoing diluted EPS is reported diluted EPS from
continuing operations, which includes the impact of special items.
Due to the forward-looking nature of this non-GAAP financial
measure, information to reconcile it to the most directly
comparable GAAP financial measure is not available at this time,
as management is unable to forecast any special items for any
future periods.
ANTICIPATED ONGOING DILUTED EPS
GROWTH PERCENTAGES
Duke Energy’s 2006 Summary Annual Report references the
company’s anticipated growth in ongoing diluted EPS through
the end of 2009. These growth percentages are based on
anticipated ongoing diluted EPS. Ongoing diluted EPS is a
non-GAAP financial measure, as it represents diluted EPS from
continuing operations adjusted for the per-share impact of special
items. Special items represent certain charges and credits which
management believes will not be recurring on a regular basis.
The most directly comparable GAAP measure for ongoing diluted
EPS is reported diluted EPS from continuing operations, which
includes the impact of special items. Due to the forward-looking
nature of this non-GAAP financial measure for future periods,
information to reconcile this non-GAAP financial measure to the
most directly comparable GAAP financial measure is not available
at this time, as management is unable to forecast any special
items for any future periods.
FORECASTED 2007 ONGOING SEGMENT AND
TOTAL SEGMENT EBIT
Duke Energy’s 2006 Summary Annual Report includes a
discussion of forecasted 2007 ongoing EBIT for each of Duke
Energy’s reportable segments as a percentage of forecasted 2007
ongoing total segment EBIT. Forecasted 2007 ongoing segment
and total segment EBIT amounts are non-GAAP financial
measures, as they reflect segment and total segment EBIT,
adjusted for the impact of special items. Special items represent
certain charges and credits which management believes will not
be recurring on a regular basis. The most directly comparable
GAAP measure for forecasted ongoing segment EBIT is reported
segment EBIT from continuing operations, which includes the
impact of special items. The most directly comparable GAAP
measure for ongoing total segment EBIT is reported total segment
EBIT, which includes the impact of special items. Due to the
forward-looking nature of these non-GAAP financial measures for
future periods, information to reconcile these non-GAAP financial
measures to the most directly comparable GAAP financial
measures is not available at this time, as management is
unable to forecast any special items for any future periods.