Duke Energy 2011 Annual Report Download - page 97

PART II
DUKE ENERGY CORPORATION
Consolidated Statements of Operations
Years Ended December 31,
(In millions, except per-share amounts) 2011 2010 2009
Operating Revenues
Regulated electric $10,589 $10,723 $10,033
Non-regulated electric, natural gas, and other 3,383 2,930 2,050
Regulated natural gas 557 619 648
Total operating revenues 14,529 14,272 12,731
Operating Expenses
Fuel used in electric generation and purchased power — regulated 3,309 3,345 3,246
Fuel used in electric generation and purchased power — non-regulated 1,488 1,199 765
Cost of natural gas and coal sold 348 381 433
Operation, maintenance and other 3,770 3,825 3,313
Depreciation and amortization 1,806 1,786 1,656
Property and other taxes 704 702 685
Goodwill and other impairment charges 335 726 420
Total operating expenses 11,760 11,964 10,518
Gains on Sales of Other Assets and Other, net 8153 36
Operating Income 2,777 2,461 2,249
Other Income and Expenses
Equity in earnings of unconsolidated affiliates 160 116 70
Gains (losses) on sales of unconsolidated affiliates 11 103 (21)
Other income and expenses, net 376 370 284
Total other income and expenses 547 589 333
Interest Expense 859 840 751
Income From Continuing Operations Before Income Taxes 2,465 2,210 1,831
Income Tax Expense from Continuing Operations 752 890 758
Income From Continuing Operations 1,713 1,320 1,073
Income From Discontinued Operations, net of tax 1 312
Net Income 1,714 1,323 1,085
Less: Net Income Attributable to Noncontrolling Interests 8 310
Net Income Attributable to Duke Energy Corporation $ 1,706 $ 1,320 $ 1,075
Earnings Per Share — Basic and Diluted
Income from continuing operations attributable to Duke Energy Corporation common shareholders
Basic $1.28$ 1.00 $ 0.82
Diluted $1.28$ 1.00 $ 0.82
Income from discontinued operations attributable to Duke Energy Corporation common shareholders
Basic $—$—$0.01
Diluted $—$—$0.01
Net income attributable to Duke Energy Corporation common shareholders
Basic $1.28$ 1.00 $ 0.83
Diluted $1.28$ 1.00 $ 0.83
Dividends declared per share $0.99$ 0.97 $ 0.94
Weighted-average shares outstanding
Basic 1,332 1,318 1,293
Diluted 1,333 1,319 1,294
See Notes to Consolidated Financial Statements
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