Duke Energy 2015 Annual Report Download - page 95
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75
PART II
Years Ended December 31,
(in millions) 2015 2014 2013
Operating Revenues $ 7,229 $ 7,351 $ 6,954
Operating Expenses
Fuel used in electric generation and purchased power 1,881 2,133 1,982
Operation, maintenance and other 2,066 1,995 1,868
Depreciation and amortization 1,051 1,009 921
Property and other taxes 269 316 374
Impairment charges 13 —
Total operating expenses 5,268 5,456 5,145
Losses on Sales of Other Assets and Other, net (1) — —
Operating Income 1,960 1,895 1,809
Other Income and Expenses, net 160 172 120
Interest Expense 412 407 359
Income Before Income Taxes 1,708 1,660 1,570
Income Tax Expense 627 588 594
Net Income $ 1,081 $ 1,072 $ 976
Other Comprehensive Income, net of tax
Reclassification into earnings from cash flow hedges 12 1
Unrealized gain on available-for-sale securities 1— —
Other Comprehensive Income, net of tax 2 2 1
Comprehensive Income $ 1,083 $ 1,074 $ 977
See Notes to Consolidated Financial Statements
DUKE ENERGY CAROLINAS, LLC
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME