Duke Energy 2012 Annual Report Download - page 120

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PART II
Years Ended December 31,
(in millions) 2012 2011 2010
Operating Revenues
Regulated electric $1,386 $1,518 $1,823
Non-regulated electric and other 1,295 1,105 885
Regulated natural gas 471 558 621
Total operating revenues 3,152 3,181 3,329
Operating Expenses
Fuel used in electric generation and purchased power — regulated 475 380 490
Fuel used in electric generation and purchased power — non-regulated 832 653 465
Cost of natural gas 142 209 269
Operation, maintenance and other 797 885 836
Depreciation and amortization 338 335 400
Property and other taxes 224 260 260
Goodwill and other impairment charges 2 89 837
Total operating expenses 2,810 2,811 3,557
Gains on Sales of Other Assets and Other, net 7 5 3
Operating Income (Loss) 349 375 (225)
Other Income and Expenses, net 13 19 25
Interest Expense 89 104 109
Income (Loss) Before Income Taxes 273 290 (309)
Income Tax Expense 98 96 132
Net Income (Loss) 175 194 (441)
Other Comprehensive Income (Loss), net of tax
Reclassifi cation from earnings into cash fl ow hedges(a) —— (1)
Pension and OPEB adjustments(b) 27 (6) 8
Comprehensive Income (Loss) $ 202 $ 188 $ (434)
(a) Net of $1 million tax benefi t in 2010.
(b) Net of $8 million tax expense in 2012, insignifi cant tax expense in 2011 and $4 million tax expense in 2010.
See Notes to Consolidated Financial Statements
DUKE ENERGY OHIO, INC.
Consolidated Statements of Operations and Comprehensive Income