Duke Energy 2012 Annual Report Download - page 260

PART II
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DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS ENERGY
CAROLINAS, INC. • FLORIDA POWER CORPORATION d/b/a PROGRESS ENERY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Condensed Consolidating Statement of Operations and Comprehensive Income
Year Ended December 31, 2011
(in millions)
Progress
Energy
Parent
Subsidiary
Guarantor
Non-
Guarantor
Subsidiaries Other
Progress
Energy, Inc.
Operating Revenues $ — $ 4,404 $4,547 $ (3) $8,948
Operating Expenses
Fuel used in electric generation and purchased power — 2,288 1,755 — 4,043
Operation, maintenance and other 10 896 1,147 7 2,060
Depreciation and amortization — 169 532 — 701
Property and other taxes — 351 218 (7) 562
Impairment charges — — 3 — 3
Total operating expenses 10 3,704 3,655 — 7,369
Gains on Sales of Other Assets and Other, net —2 2— 4
Operating (Loss) Income (10) 702 894 (3) 1,583
Equity in Earnings of Consolidated Subsidiaries 798 — — (798) —
Other Income and Expenses, net (61) 32 81 — 52
Interest Expense 279 262 184 — 725
Income from Continuing Operations Before Income Taxes 448 472 791 (801) 910
Income Tax (Benefi t) Expense from Continuing Operations (127) 170 275 5 323
Income from Continuing Operations 575 302 516 (806) 587
Loss from Discontinued Operations, net of tax — (3) (2) — (5)
Net Income 575 299 514 (806) 582
Less: Net Income Attributable to Noncontrolling Interests —4—3 7
Net Income Attributable to Parent $ 575 $ 295 $ 514 $(809) $ 575
Comprehensive Income $ 535 $ 271 $ 519 $(783) $ 542
Less: Comprehensive Income Attributable to Noncontrolling Interests —4—3 7
Comprehensive Income Attributable to Parent $ 535 $ 267 $ 519 $(786) $ 535