Duke Energy 2015 Annual Report Download - page 87
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67
PART II
Years Ended December 31,
(in millions, except per share amounts) 2015 2014 2013
Operating Revenues
Regulated electric $21,379 $21,550 $20,329
Nonregulated electric and other 1,544 1,802 1,916
Regulated natural gas 536 573 511
Total operating revenues 23,459 23,925 22,756
Operating Expenses
Fuel used in electric generation and purchased power – regulated 7,308 7,686 7,108
Fuel used in electric generation and purchased power – nonregulated 354 533 540
Cost of natural gas 195 248 224
Operation, maintenance and other 5,871 5,856 5,673
Depreciation and amortization 3,144 3,066 2,668
Property and other taxes 1,135 1,213 1,274
Impairment charges 120 81 399
Total operating expenses 18,127 18,683 17,886
Gains (Losses) on Sales of Other Assets and Other, net 35 16 (16)
Operating Income 5,367 5,258 4,854
Other Income and Expenses
Equity in earnings of unconsolidated affiliates 69 130 122
Gains on sales of unconsolidated affiliates 717 100
Other income and expenses, net 307 351 262
Total other income and expenses 383 498 484
Interest Expense 1,613 1,622 1,543
Income From Continuing Operations Before Income Taxes 4,137 4,134 3,795
Income Tax Expense From Continuing Operations 1,326 1,669 1,205
Income From Continuing Operations 2,811 2,465 2,590
Income (Loss) From Discontinued Operations, net of tax 20 (576) 86
Net Income 2,831 1,889 2,676
Less: Net Income Attributable to Noncontrolling Interests 15 6 11
Net Income Attributable to Duke Energy Corporation $ 2,816 $ 1,883 $ 2,665
Earnings Per Share – Basic and Diluted
Income from continuing operations attributable to Duke Energy Corporation common stockholders
Basic $ 4.02 $ 3.46 $ 3.64
Diluted $ 4.02 $ 3.46 $ 3.63
Income (Loss) from discontinued operations attributable to Duke Energy Corporation common stockholders
Basic $ 0.03 $ (0.80) $ 0.13
Diluted $ 0.03 $ (0.80) $ 0.13
Net Income attributable to Duke Energy Corporation common stockholders
Basic $ 4.05 $ 2.66 $ 3.77
Diluted $ 4.05 $ 2.66 $ 3.76
Weighted average shares outstanding
Basic 694 707 706
Diluted 694 707 706
See Notes to Consolidated Financial Statements
DUKE ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS