Duke Energy 2014 Annual Report Download - page 97

77
PART II
Years Ended December 31,
(in millions) 2014 2013 2012
Operating Revenues $ 10,166 $9,533 $ 9,405
Operating Expenses
Fuel used in electric generation and purchased power 4,195 3,851 4,304
Operation, maintenance and other 2,335 2,247 2,445
Depreciation and amortization 1,128 883 747
Property and other taxes 517 557 570
Impairment charges (16) 380 200
Total operating expenses 8,159 7,918 8,266
Gains (Losses) on Sales of Other Assets and Other, net 11 3 (2)
Operating Income 2,018 1,618 1,137
Other Income and Expenses, net 77 94 130
Interest Expense 675 680 740
Income From Continuing Operations Before Income Taxes 1,420 1,032 527
Income Tax Expense From Continuing Operations 540 373 172
Income From Continuing Operations 880 659 355
(Loss) Income From Discontinued Operations, net of tax (6) 16 52
Net Income 874 675 407
Less: Net Income Attributable to Noncontrolling Interests 5 37
Net Income Attributable to Parent $ 869 $ 672 $ 400
Net Income $ 874 $ 675 $ 407
Other Comprehensive Income, net of tax
Pension and OPEB adjustments 99 (2)
Net unrealized loss on cash fl ow hedges —— (5)
Reclassifi cation into earnings from cash fl ow hedges 8(1) 8
Reclassifi cation of cash fl ow hedges to regulatory assets(a) ——97
Unrealized gains on investments in available-for-sale securities 1——
Other Comprehensive Income, net of tax 18 898
Comprehensive Income 892 683 505
Less: Comprehensive Income Attributable to Noncontrolling Interests 5 37
Comprehensive Income Attributable to Parent $ 887 $ 680 $ 498
(a) Net of $62 million tax expense in 2012.
See Notes to Consolidated Financial Statements
PROGRESS ENERGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME