Progress Energy 2010 Annual Report Download - page 106
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102
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Products and services are sold between the various
reportable segments. All intersegment transactions are
at cost.
In the following tables, capital and investment
expenditures include property additions, acquisitions of
nuclear fuel and other capital investments.
(in millions) PEC PEF Corporate
and Other Eliminations Total
At and for the year ended December 31, 2010
Revenues
Unaffiliated $4,922 $5,252 $16 $– $10,190
Intersegment – 2 248 (250) –
Total revenues 4,922 5,254 264 (250) 10,190
Depreciation, amortization and accretion 479 426 15 – 920
Interest income 3 1 31 (28) 7
Total interest charges, net 186 258 331 (28) 747
Income tax expense (benefit)(a) 342 267 (87) – 522
Ongoing Earnings (loss) 618 462 (191) – 889
Total assets 14,899 14,056 21,110 (17,011) 33,054
Capital and investment expenditures 1,382 991 33 (24) 2,382
At and for the year ended December 31, 2009
Revenues
Unaffiliated $4,627 $5,249 $9 $– $9,885
Intersegment – 2 234 (236) –
Total revenues 4,627 5,251 243 (236) 9,885
Depreciation,amortizationandaccretion 470 502 14 – 986
Interest income 5 4 38 (33) 14
Total interest charges, net 195 231 286 (33) 679
Income tax expense (benefit)(a) 295 209 (88) – 416
Ongoing Earnings (loss) 540 460 (154) – 846
Total assets 13,502 13,100 20,538 (15,904) 31,236
Capital and investment expenditures 962 1,532 21 (12) 2,503
At and for the year ended December 31, 2008
Revenues
Unaffiliated $4,429 $4,730 $8 $– $9,167
Intersegment – 1 361 (362) –
Total revenues 4,429 4,731 369 (362) 9,167
Depreciation,amortizationandaccretion 518 306 15 – 839
Interest income 12 9 38 (35) 24
Total interest charges, net 207 208 259 (35) 639
Income tax expense (benefit)(a) 298 181 (87) – 392
Ongoing Earnings (loss) 531 383 (138) – 776
Total assets 13,165 12,471 17,483 (13,246) 29,873
Capital and investment expenditures 939 1,601 33 (13) 2,560
(a) Income tax expense (benefit) excludes the tax impact of Ongoing Earnings adjustments.