Duke Energy 2013 Annual Report Download - page 85

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PART II
Duke Energy Corporation Shareholders
Accumulated Other Comprehensive Income (Loss)
(in millions)
Common
Stock
Shares
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Foreign
Currency
Adjustments
Net Gains
(Losses) on
Cash Flow
Hedges
Unrealized
Gains (Losses)
on Available-
for-Sale
Securities
Pension and
OPEB Related
Adjustments
Common
Stockholders’
Equity
Noncontrolling
Interests
Total
Equity
Balance at December 31, 2010 443 $ 1 $21,023 $ 1,496 $ 97 $ (18) $ (17) $ (60) $22,522 $ 131 $22,653
Net income — — — 1,706 — — — — 1,706 8 1,714
Other comprehensive (loss) income (142) (53) 8 (49) (236) (7) (243)
Common stock issuances, including
dividend reinvestment and employee
benefits 2 — 109 — — — — — 109 — 109
Common stock dividends — — — (1,329) — — — — (1,329) — (1,329)
Changes in noncontrolling interest in
subsidiaries(a) — — — — — — — — — (39) (39)
Balance at December 31, 2011 445 $ 1 $21,132 $ 1,873 $ (45) $ (71) $ (9) $(109) $ 22,772 $ 93 $22,865
Net income(b) — — — 1,768 — — — — 1,768 12 1,780
Other comprehensive (loss) income (71) (29) 9 19 (72) (4) (76)
Common stock issued in connection
with the Progress Energy Merger 258 — 18,071 — — — — — 18,071 — 18,071
Common stock issuances, including
dividend reinvestment and
employee benefits 1 — 76 — — — — — 76 — 76
Common stock dividends — — — (1,752) — — — — (1,752) — (1,752)
Contribution from noncontrolling
interest in DS Cornerstone, LLC(c) — — — — — — — — — 76 76
Deconsolidation of DS Cornerstone,
LLC(c) — — — — — — — — — (82) (82)
Changes in noncontrolling interest in
subsidiaries(a) — — — — — — — — — (17) (17)
Balance at December 31, 2012 704 $ 1 $39,279 $ 1,889 $(116) $(100) $ — $ (90) $ 40,863 $ 78 $40,941
Net income — — — 2,665 — — — — 2,665 11 2,676
Other comprehensive (loss) income (191) 60 — 38 (93) (6) (99)
Common stock issuances, including
dividend reinvestment and
employee benefits 2 — 86 — — — — — 86 — 86
Common stock dividends — — — (2,188) — — — — (2,188) — (2,188)
Premium on the redemption of preferred
stock of subsidiaries — — — (3) — — — — (3) (3)
Contribution from noncontrolling
interest — — — — — — — — — 9 9
Changes in noncontrolling interest in
subsidiaries(a) — — — — — — — — — (14) (14)
Balance at December 31, 2013 706 $ 1 $39,365 $ 2,363 $(307) $ (40) $ — $ (52) $41,330 $ 78 $41,408
(a) Includes $15 million, $23 million and $26 million in cash distributions to noncontrolling interests in 2013, 2012 and 2011, respectively.
(b) For the year ended December 31, 2012, consolidated net income of $1,782 million includes $2 million attributable to preferred shareholders of subsidiaries. Income attributable to preferred shareholders of subsidiaries is not
a component of total equity and is excluded from the table above.
(c) Refer to Note 2 for further information on the deconsolidation of DS Cornerstone, LLC.
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY