Duke Energy 2013 Annual Report Download - page 87
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69
PART II
Years Ended December 31,
(in millions) 2013 2012 2011
Operating Revenues $6,954 $6,665 $6,493
Operating Expenses
Fuel used in electric generation and purchased power 1,982 1,864 1,944
Operation, maintenance and other 1,868 1,979 1,904
Depreciation and amortization 921 921 814
Property and other taxes 374 365 340
Impairment charges —31 12
Total operating expenses 5,145 5,160 5,014
Gains on Sales of Other Assets and Other, net — 12 1
Operating Income 1,809 1,517 1,480
Other Income and Expenses, net 120 185 186
Interest Expense 359 384 360
Income Before Income Taxes 1,570 1,318 1,306
Income Tax Expense 594 453 472
Net Income 976 865 834
Other Comprehensive Income, net of tax
Reclassification into earnings from cash flow hedges 12 3
Unrealized gain on investments in available-for-sale securities —1 —
Comprehensive Income $ 977 $ 868 $ 837
See Notes to Consolidated Financial Statements
DUKE ENERGY CAROLINAS, LLC
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME