Duke Energy 2011 Annual Report Download - page 103
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PART II
DUKE ENERGY CAROLINAS, LLC
Consolidated Statements of Operations
Years Ended December 31,
(In millions) 2011 2010 2009
Operating Revenues-Regulated Electric $ 6,493 $6,424 $5,495
Operating Expenses
Fuel used in electric generation and purchased power 1,944 1,944 1,597
Operation, maintenance and other 1,904 1,907 1,609
Depreciation and amortization 814 787 692
Property and other taxes 340 348 334
Impairment charges 12 ——
Total operating expenses 5,014 4,986 4,232
Gains on Sales of Other Assets and Other, net 1724
Operating Income 1,480 1,445 1,287
Other Income and Expenses, net 186 212 122
Interest Expense 360 362 330
Income Before Income Taxes 1,306 1,295 1,079
Income Tax Expense 472 457 377
Net Income $ 834 $ 838 702
See Notes to Consolidated Financial Statements
83