Duke Energy 2015 Annual Report Download - page 230

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PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, LLC. • DUKE ENERGY FLORIDA, LLC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
PROGRESS ENERGY
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2015
Operating revenues $2,536 $2,476 $2,929 $2,336 $10,277
Operating income 549 504 756 351 2,160
Income from continuing operations 264 217 452 132 1,065
Net income 263 217 451 131 1,062
Net income attributable to Parent 260 215 448 128 1,051
2014
Operating revenues $2,541 $2,421 $2,863 $2,341 $10,166
Operating income 477 488 665 388 2,018
Income from continuing operations 204 207 330 139 880
Net income 203 202 330 139 874
Net income attributable to Parent 202 202 329 136 869
The following table includes unusual or infrequently occurring items in
each quarter during the two most recently completed fiscal years. All amounts
discussed below are pretax.
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2015
Costs to Achieve, Mergers $ (8) $ (8) $ (8) $ (10) $ (34)
Ash Basin Settlement and Penalties
(see Note 5) — — (6) — (6)
Cost Savings Initiatives (see Note 19) — — — (36) (36)
Total $ (8) $ (8) $ (14) $ (46) $ (76)
2014
Costs to Achieve, Mergers $(19) $ (12) $ (21) $ (13) $ (65)
Coal Ash Plea Agreements Reserve
(see Note 5) — — — (30) (30)
Total $(19) $ (12) $ (21) $ (43) $ (95)
DUKE ENERGY PROGRESS
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2015
Operating revenues $1,449 $1,193 $1,488 $1,160 $ 5,290
Operating income 316 184 394 130 1,024
Net income 183 85 229 69 566
2014
Operating revenues $1,422 $1,191 $1,367 $1,196 $ 5,176
Operating income 258 212 285 180 935
Net income 133 101 157 76 467
The following table includes unusual or infrequently occurring items
in each quarter during the two most recently completed fiscal years. All
amounts discussed below are pretax.
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2015
Costs to Achieve, Mergers $ (5) $ (5) $ (6) $ (6) $ (22)
Ash Basin Settlement and Penalties
(see Note 5) — — (6) — (6)
Cost Savings Initiatives (see Note 19) — — — (28) (28)
Total $ (5) $ (5) $ (12) $ (34) $ (56)
2014
Costs to Achieve, Mergers $ (14) $ (3) $ (15) $ (10) $ (42)
Coal Ash Plea Agreements Reserve
(see Note 5) — — — (30) (30)
Total $ (14) $ (3) $ (15) $ (40) $ (72)
DUKE ENERGY FLORIDA
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2015
Operating revenues $1,086 $1,281 $1,436 $1,174 $4,977
Operating income 227 315 357 216 1,115
Net income 113 165 216 105 599
2014
Operating revenues $1,116 $1,225 $1,491 $1,143 $4,975
Operating income 219 276 378 205 1,078
Net income 108 142 205 93 548
The following table includes unusual or infrequently occurring items in
each quarter during the two most recently completed fiscal years. All amounts
discussed below are pretax.
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2015
Costs to Achieve, Mergers $ (3) $ (3) $ (3) $ (4) $ (13)
Cost Savings Initiatives (see Note 19) — — — (8) (8)
Total $ (3) $ (3) $ (3) $ (12) $ (21)
2014
Costs to Achieve, Mergers $ (5) $ (9) $ (6) $ (3) $ (23)