Duke Energy 2014 Annual Report Download - page 90

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PART II
Duke Energy Corporation Shareholders
Accumulated Other Comprehensive Loss
(in millions)
Common
Stock
Shares
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Foreign
Currency
Adjustments
Net Losses
on Cash
Flow
Hedges
Unrealized
(Losses) Gains
on Available-
for-Sale
Securities
Pension and
OPEB Related
Adjustments
Common
Stockholders’
Equity
Noncontrolling
Interests
Total
Equity
Balance at December 31, 2011 445 $ 1 $21,132 $ 1,873 $ (45) $ (71) $ (9) $(109) $22,772 $ 93 $22,865
Net income(a) — — — 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 benefi ts 1 — 76 — — — — — 76 — 76
Common stock dividends — — — (1,752) — — — — (1,752) — (1,752)
Contribution from noncontrolling
interest in DS Cornerstone, LLC — — — — — — — — — 76 76
Deconsolidation of DS Cornerstone, LLC — — — — — — — — — (82) (82)
Changes in noncontrolling interest in
subsidiaries(b) — — — — — — — — — (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 benefi ts 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(b) — — — — — — — — — (14) (14)
Balance at December 31, 2013 706 $ 1 $39,365 $ 2,363 $(307) $ (40) $ — $ (52) $41,330 $ 78 $41,408
Net income — — — 1,883 — — — — 1,883 6 1,889
Other comprehensive (loss) income — — — — (132) (19) 3 4 (144) 8 (136)
Common stock issuances, including
dividend reinvestment and
employee benefi ts 1 — 40 — — — — — 40 — 40
Common stock dividends — — — (2,234) — — — — (2,234) — (2,234)
Changes in noncontrolling interest in
subsidiaries(b) — — — — — — — — — (65) (65)
Other — — — — — — — — — (3) (3)
Balance at December 31, 2014 707 $ 1 $39,405 $ 2,012 $(439) $ (59) $ 3 $ (48) $40,875 $ 24 $40,899
(a) 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.
(b) This decrease primarily relates to cash distributions to noncontrolling interests.
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY