Duke Energy 2013 Annual Report Download - page 79
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61
PART II
Years Ended December 31,
(in millions, except per-share amounts) 2013 2012 2011
Operating Revenues
Regulated electric $20,439 $15,621 $10,589
Nonregulated electric, natural gas, and other 3,648 3,534 3,383
Regulated natural gas 511 469 557
Total operating revenues 24,598 19,624 14,529
Operating Expenses
Fuel used in electric generation and purchased power — regulated 7,108 5,582 3,309
Fuel used in electric generation and purchased power — nonregulated 1,822 1,722 1,488
Cost of natural gas and coal sold 254 264 348
Operation, maintenance and other 5,910 5,006 3,770
Depreciation and amortization 2,808 2,289 1,806
Property and other taxes 1,299 985 704
Impairment charges 399 666 335
Total operating expenses 19,600 16,514 11,760
(Losses) Gains on Sales of Other Assets and Other, net (16) 16 8
Operating Income 4,982 3,126 2,777
Other Income and Expenses
Equity in earnings of unconsolidated affiliates 122 148 160
Gains on sales of unconsolidated affiliates 100 22 11
Other income and expenses, net 262 397 376
Total other income and expenses 484 567 547
Interest Expense 1,546 1,242 859
Income From Continuing Operations Before Income Taxes 3,920 2,451 2,465
Income Tax Expense from Continuing Operations 1,261 705 752
Income From Continuing Operations 2,659 1,746 1,713
Income From Discontinued Operations, net of tax 17 36 1
Net Income 2,676 1,782 1,714
Less: Net Income Attributable to Noncontrolling Interests 11 14 8
Net Income Attributable to Duke Energy Corporation $ 2,665 $ 1,768 $ 1,706
Earnings Per Share — Basic and Diluted
Income from continuing operations attributable to Duke Energy Corporation common shareholders
Basic $ 3.74 $ 3.01 $ 3.83
Diluted $ 3.74 $ 3.01 $ 3.83
Income from discontinued operations attributable to Duke Energy Corporation common shareholders
Basic $ 0.03 $ 0.06 $ —
Diluted $ 0.02 $ 0.06 $ —
Net Income attributable to Duke Energy Corporation common shareholders
Basic $ 3.77 $ 3.07 $ 3.83
Diluted $ 3.76 $ 3.07 $ 3.83
Weighted-average shares outstanding
Basic 706 574 444
Diluted 706 575 444
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS