Duke Energy 2012 Annual Report Download - page 90

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PART II
Years Ended December 31,
(in millions, except per-share amounts) 2012 2011 2010
Operating Revenues
Regulated electric $15,621 $10,589 $10,723
Non-regulated electric, natural gas, and other 3,534 3,383 2,930
Regulated natural gas 469 557 619
Total operating revenues 19,624 14,529 14,272
Operating Expenses
Fuel used in electric generation and purchased power — regulated 5,582 3,309 3,345
Fuel used in electric generation and purchased power — non-regulated 1,722 1,488 1,199
Cost of natural gas and coal sold 264 348 381
Operation, maintenance and other 5,006 3,770 3,825
Depreciation and amortization 2,289 1,806 1,786
Property and other taxes 985 704 702
Goodwill and other impairment charges 666 335 726
Total operating expenses 16,514 11,760 11,964
Gains on Sales of Other Assets and Other, net 16 8 153
Operating Income 3,126 2,777 2,461
Other Income and Expenses
Equity in earnings of unconsolidated affi liates 148 160 116
Impairments and gains on sales of unconsolidated affi liates 22 11 103
Other income and expenses, net 397 376 370
Total other income and expenses 567 547 589
Interest Expense 1,242 859 840
Income From Continuing Operations Before Income Taxes 2,451 2,465 2,210
Income Tax Expense from Continuing Operations 705 752 890
Income From Continuing Operations 1,746 1,713 1,320
Income From Discontinued Operations, net of tax 36 1 3
Net Income 1,782 1,714 1,323
Less: Net Income Attributable to Noncontrolling Interests 14 8 3
Net Income Attributable to Duke Energy Corporation $ 1,768 $ 1,706 $ 1,320
Earnings Per Share — Basic and Diluted
Income from continuing operations attributable to Duke Energy Corporation common shareholders
Basic $ 3.01 $ 3.83 $ 2.99
Diluted $ 3.01 $ 3.83 $ 2.99
Income from discontinued operations attributable to Duke Energy Corporation common shareholders
Basic $ 0.06 $ — $ 0.01
Diluted $ 0.06 $ — $ 0.01
Net Income attributable to Duke Energy Corporation common shareholders
Basic $ 3.07 $ 3.83 $ 3.00
Diluted $3.07 $ 3.83 $ 3.00
Dividends declared per share $ 3.03 $ 2.97 $ 2.91
Weighted-average shares outstanding
Basic 574 444 439
Diluted 575 444 440
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
Consolidated Statements of Operations