Duke Energy 2013 Annual Report Download - page 129

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PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, INC. • DUKE ENERGY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Year Ended December 31, 2011
(in millions)
Regulated
Utilities
International
Energy
Commercial
Power
Energy
Total
Reportable
Segments(a) Other Eliminations Total
Unafliated revenues $ 10,586 $ 1,467 $ 2,480 $ 14,533 $ (4) $ — $ 14,529
Intersegment revenues 33 — 11 44 48 (92) —
Total revenues $ 10,619 $ 1,467 $ 2,491 $ 14,577 $ 44 $ (92) $ 14,529
Interest expense $ 568 $ 47 $ 87 $ 702 $ 157 $ — $ 859
Depreciation and amortization 1,383 90 230 1,703 103 — 1,806
Equity in earnings of unconsolidated afliates — 145 6 151 9 — 160
Income tax expense (benet) 674 196 (2) 868 (116) — 752
Segment income(a)(b) 1,181 466 134 1,781 (76) — 1,705
Add back noncontrolling interest component 8
Income from discontinued operations, net of tax 1
Net income $ 1,714
Capital investments expenditures and acquisitions $ 3,717 $ 114 $ 492 $ 4,323 $ 141 $ — $ 4,464
Segment assets 47,977 4,539 6,939 59,455 2,961 110 62,526
(a) Regulated Utilities recorded charges related to Duke Energy Indiana’s IGCC project. See Note 4 for additional information about these charges.
(b) Commercial Power recorded charges to write-down the carrying value of certain emission allowances. See Note 11 for additional information about these charges.
The following table includes information by geographic segment.
(in millions) U.S.
Latin
America(a) Consolidated
2013
Consolidated revenues $ 23,053 $ 1,545 $ 24,598
Consolidated long-lived assets 78,581 2,781 81,362
2012
Consolidated revenues $ 18,078 $ 1,546 $ 19,624
Consolidated long-lived assets 79,144 2,467 81,611
2011
Consolidated revenues $ 13,062 $ 1,467 $ 14,529
Consolidated long-lived assets 45,920 2,612 48,532
(a) Change in amounts of long-lived assets in Latin America includes foreign currency translation
adjustments on property, plant and equipment and other long-lived asset balances.
DUKE ENERGY OHIO
Duke Energy Ohio has two reportable operating segments, Regulated
Utilities and Commercial Power.
Regulated Utilities transmits and distributes electricity in portions of Ohio
and generates, distributes and sells electricity in portions of Kentucky. Regulated
Utilities also transports and sells natural gas in portions of Ohio and northern
Kentucky. It conducts operations primarily through Duke Energy Ohio and its
wholly owned subsidiary, Duke Energy Kentucky.
Commercial Power owns, operates and manages power plants and
engages in the wholesale marketing and procurement of electric power, fuel
and emission allowances related to these plants, as well as other contractual
positions.
The remainder of Duke Energy Ohio’s operations is presented as Other.
While it is not considered an operating segment, Other primarily includes
certain governance costs allocated by its parent, Duke Energy. See Note 13
for additional information. All of Duke Energy Ohio’s revenues are generated
domestically and its long-lived assets are all in the U.S.