Duke Energy 2012 Annual Report Download - page 261

PART II
241
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, 2010
(in millions)
Progress
Energy
Parent
Subsidiary
Guarantor
Non-
Guarantor
Subsidiaries Other
Progress
Energy, Inc.
Operating Revenues $ — $5,292 $ 4,933 $ (2) $10,223
Operating Expenses
Fuel used in electric generation and purchased power — 2,613 2,008 — 4,621
Operation, maintenance and other 8 928 1,100 9 2,045
Depreciation and amortization — 426 494 — 920
Property and other taxes — 362 225 (7) 580
Impairment charges — — 5 — 5
Total operating expenses 8 4,329 3,832 2 8,171
Losses on Sales of Other Assets and Other, net — (5) (4) 1 (8)
Operating (Loss) Income (8) 958 1,097 (3) 2,044
Equity in Earnings of Consolidated Subsidiaries 1,027 — — (1,027) —
Other Income and Expenses, net 7 33 74 (5) 109
Interest Expense 282 280 192 (7) 747
Income from Continuing Operations Before Income Taxes 744 711 979 (1,028) 1,406
Income Tax (Benefi t) Expense from Continuing Operations (111) 267 378 5 539
Income from Continuing Operations 855 444 601 (1,033) 867
Income (Loss) from Discontinued Operations, net of tax 1 (1) (4) — (4)
Net Income 856 443 597 (1,033) 863
Less: Net Income Attributable to Noncontrolling Interests — 4 (1) 4 7
Net Income Attributable to Parent $ 856 $ 439 $ 598 $(1,037) $ 856
Comprehensive Income $ 818 $ 434 $ 582 $(1,009) $ 825
Less: Comprehensive Income Attributable to Noncontrolling Interests — 4 (1) 4 7
Comprehensive Income Attributable to Parent $ 818 $ 430 $ 583 $(1,013) $ 818