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FINANCIAL HIGHLIGHTS(a)
(In millions, except per-share amounts and ratios) 2010 2009 2008
Operating Results
Total operating revenues $14,272 $12,731 $13,207
Net income $ 1,323 $ 1,085 $ 1,358
Net income attributable to Duke Energy Corporation $ 1,320 $ 1,075 $ 1,362
Ratio of Earnings to Fixed Charges 3.0 3.0 3.4
Common Stock Data
Shares of common stock outstanding
Year-end 1,329 1,309 1,272
Weighted average — basic 1,318 1,293 1,265
Weighted average — diluted 1,319 1,294 1,267
Reported diluted earnings per share $ 1.00 $ 0.83 $ 1.07
Adjusted diluted earnings per share $ 1.43 $ 1.22 $ 1.21
Dividends per share $ 0.97 $ 0.94 $ 0.90
Balance Sheet Data
Total assets $59,090 $57,040 $53,077
Long-term debt including capital leases and
variable interest entities, less current maturities $17,935 $16,113 $13,250
Total Duke Energy Corporation shareholders’ equity $22,522 $21,750 $20,988
(a) Significant transactions reflected in the results above include the 2010 and 2009 impairments of goodwill and other assets (see Note 12 to the Consolidated
Financial Statements, “Goodwill, Intangible Assets and Impairments”).
See Notes to Consolidated Financial Statements in Duke Energy’s 2010 Form 10-K.
DUKE ENERGY CORPORATION
CONTENTS
Chairman’s Letter to Stakeholders 1
Our Priorities, Progress, and Outlook 13
Board of Directors 14
Executive Management 15
Duke Energy at a Glance 16
Safe Harbor Statement 17
Non-GAAP Financial Measures 18
Investor Information Inside back cover
PROFILE
Headquartered in Charlotte, N.C., Duke Energy Corporation is one of the largest
electric power holding companies in the United States. A Fortune 500 company,
Duke Energy is listed on the New York Stock Exchange under the symbol DUK.
More information about Duke Energy can be found at: www.duke-energy.com.
EARNINGS PER SHARE
(in dollars)
2.00
1.50
1.00
0.50
0 2008 2009 2010
Reported Diluted
Adjusted Diluted
DIVIDENDS PER SHARE
(in dollars)
1.00
0.75
0.50
0.25
0 2008 2009 2010
CAPITAL AND INVESTMENT EXPENDITURES
(dollars in billions)
6.0
4.5
3.0
1.5
0 2008 2009 2010
1.07 1.21
0.83
1.22
1.00
1.43
0.90 0.94 0.97
4.5 4.4
4.9
DUKE ENERGY CORPORATION / 2010 ANNUAL REPORT