Duke Energy 2015 Annual Report Download - page 112
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92
PART II
DUKE ENERGY FLORIDA, LLC (formerly DUKE ENERGY FLORIDA, INC.)
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Years Ended December 31,
(in millions) 2015 2014 2013
Operating Revenues $ 4,977 $ 4,975 $ 4,527
Operating Expenses
Fuel used in electric generation and purchased power 2,195 2,158 1,927
Operation, maintenance and other 835 850 898
Depreciation and amortization 473 545 330
Property and other taxes 352 343 327
Impairment charges 72 358
Total operating expenses 3,862 3,898 3,840
Gains on Sales of Other Assets and Other, net — 1 1
Operating Income 1,115 1,078 688
Other Income and Expenses, net 24 20 30
Interest Expense 198 201 180
Income Before Income Taxes 941 897 538
Income Tax Expense 342 349 213
Net Income $ 599 $ 548 $ 325
Other Comprehensive Income (Loss), net of tax
Net unrealized loss on cash flow hedges —— (1)
Reclassification into earnings from cash flow hedges —1 —
Other Comprehensive Income (Loss), net of tax — 1 (1)
Comprehensive Income $ 599 $ 549 $ 324
See Notes to Consolidated Financial Statements