Duke Energy 2014 Annual Report Download - page 109
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89
PART II
DUKE ENERGY FLORIDA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Years Ended December 31,
(in millions) 2014 2013 2012
Operating Revenues $ 4,975 $ 4,527 $ 4,689
Operating Expenses
Fuel used in electric generation and purchased power 2,158 1,927 2,409
Operation, maintenance and other 850 898 969
Depreciation and amortization 545 330 192
Property and other taxes 343 327 346
Impairment charges 2358 146
Total operating expenses 3,898 3,840 4,062
Gains on Sales of Other Assets and Other, net 1 12
Operating Income 1,078 688 629
Other Income and Expenses, net 20 30 39
Interest Expense 201 180 255
Income Before Income Taxes 897 538 413
Income Tax Expense 349 213 147
Net Income 548 325 266
Less: Preferred Stock Dividend Requirement — —2
Net Income Available to Parent $ 548 $ 325 $ 264
Net Income $ 548 $ 325 $ 266
Other Comprehensive Income (Loss), net of tax
Net unrealized loss on cash fl ow hedges —(1) —
Reclassifi cation into earnings from cash fl ow hedges 1—1
Reclassifi cation of cash fl ow hedges to regulatory assets(a) ——26
Other Comprehensive Income (Loss), net of tax 1 (1) 27
Comprehensive Income $ 549 $ 324 $ 293
(a) Net of $16 million tax expense in 2012.
See Notes to Consolidated Financial Statements