Duke Energy 2014 Annual Report Download - page 84
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64
PART II
Years Ended December 31,
(in millions, except per share amounts) 2014 2013 2012
Operating Revenues
Regulated electric $21,550 $20,329 $15,515
Nonregulated electric, natural gas, and other 1,802 1,916 1,928
Regulated natural gas 573 511 469
Total operating revenues 23,925 22,756 17,912
Operating Expenses
Fuel used in electric generation and purchased power – regulated 7,686 7,108 5,582
Fuel used in electric generation and purchased power – nonregulated 533 540 651
Cost of natural gas and other 248 224 215
Operation, maintenance and other 5,856 5,673 4,787
Depreciation and amortization 3,066 2,668 2,145
Property and other taxes 1,213 1,274 965
Impairment charges 81 399 666
Total operating expenses 18,683 17,886 15,011
Gains (Losses) on Sales of Other Assets and Other, net 16 (16) 10
Operating Income 5,258 4,854 2,911
Other Income and Expenses
Equity in earnings of unconsolidated affi liates 130 122 148
Gains on sales of unconsolidated affi liates 17 100 22
Other income and expenses, net 351 262 397
Total other income and expenses 498 484 567
Interest Expense 1,622 1,543 1,244
Income From Continuing Operations Before Income Taxes 4,134 3,795 2,234
Income Tax Expense from Continuing Operations 1,669 1,205 623
Income From Continuing Operations 2,465 2,590 1,611
(Loss) Income From Discontinued Operations, net of tax (576) 86 171
Net Income 1,889 2,676 1,782
Less: Net Income Attributable to Noncontrolling Interests 6 11 14
Net Income Attributable to Duke Energy Corporation $ 1,883 $ 2,665 $ 1,768
Earnings Per Share – Basic and Diluted
Income from continuing operations attributable to Duke Energy Corporation common shareholders
Basic $ 3.46 $ 3.64 $ 2.77
Diluted $ 3.46 $ 3.63 $ 2.77
(Loss) Income from discontinued operations attributable to Duke Energy Corporation common shareholders
Basic $ (0.80) $ 0.13 $ 0.30
Diluted $ (0.80) $ 0.13 $ 0.30
Net Income attributable to Duke Energy Corporation common shareholders
Basic $ 2.66 $ 3.77 $ 3.07
Diluted $ 2.66 $ 3.76 $ 3.07
Weighted-average shares outstanding
Basic 707 706 574
Diluted 707 706 575
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS