Progress Energy 2013 Annual Report Download - page 225

207
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, INC. • DUKE ENERGY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
25. QUARTERLY FINANCIAL DATA (UNAUDITED)
DUKE ENERGY
The following table includes the results of Progress Energy beginning
July 2, 2012. Quarterly EPS amounts are meant to be stand-alone calculations
and are not always additive to the full-year amount due to rounding and the
weighting of share issuances.
(in millions, except per share data)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2013
Operating revenues $5,898 $5,879 $6,709 $6,112 $24,598
Operating income 1,215 821 1,743 1,203 4,982
Income from continuing operations 634 345 994 686 2,659
Net income 634 342 1,008 692 2,676
Net income attributable to Duke
Energy Corporation 634 339 1,004 688 2,665
Earnings per share:
Income from continuing operations
attributable to Duke Energy
Corporation common shareholders
Basic $ 0.89 $ 0.48 $ 1.40 $ 0.96 $ 3.74
Diluted $ 0.89 $ 0.48 $ 1.40 $ 0.96 $ 3.74
Net income attributable to Duke
Energy Corporation common
shareholders
Basic $ 0.89 $ 0.48 $ 1.42 $ 0.97 $ 3.77
Diluted $ 0.89 $ 0.48 $ 1.42 $ 0.97 $ 3.76
2012
Operating revenues $3,630 $3,577 $6,722 $5,695 $19,624
Operating income 495 786 1,078 767 3,126
Income from continuing operations 297 449 594 406 1,746
Net income 299 448 598 437 1,782
Net income attributable to Duke
Energy Corporation 295 444 594 435 1,768
Earnings per share:
Income from continuing operations
attributable to Duke Energy
Corporation common shareholders
Basic $ 0.66 $ 0.99 $ 0.84 $ 0.57 $ 3.01
Diluted $ 0.66 $ 0.99 $ 0.84 $ 0.57 $ 3.01
Net income attributable to Duke
Energy Corporation common
shareholders
Basic $ 0.66 $ 0.99 $ 0.85 $ 0.62 $ 3.07
Diluted $ 0.66 $ 0.99 $ 0.85 $ 0.62 $ 3.07
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 unless otherwise noted.
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2013(a)
Costs to achieve Progress Energy merger
(see Note 2) $ (55) $ (82) $ (88) $ (72) $ (297)
Crystal River Unit 3 charges
(see Note 4) — (295) — (57) (352)
Harris and Levy nuclear development
charges (see Note 4) — (87) — — (87)
Gain on sale of DukeNet (see Note 12) — — — 105 105
Total $ (55) $ (464) $ (88) $ (24) $ (631)
2012
Costs to achieve Progress Energy merger
(see Note 2) $ (8) $ (7) $ (457) $ (164) $ (636)
Edwardsport IGCC charges (see Note 4) (420) — (180) (28) (628)
Voluntary Opportunity Plan deferral (see
Note 19) 101 — — — 101
Total $ (327) $ (7) $ (637) $ (192) $(1,163)
(a) Revised retail rates became effective in January for Duke Energy Florida, May for Duke Energy Ohio, June
for Duke Energy Progress and September for Duke Energy Carolinas (see Note 4 for further information).
DUKE ENERGY CAROLINAS
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2013
Operating revenues $1,729 $1,591 $1,919 $1,715 $6,954
Operating income 434 351 604 420 1,809
Net income 244 181 342 209 976
2012
Operating revenues $1,501 $1,616 $1,939 $1,609 $6,665
Operating income 475 386 440 216 1,517
Net income 266 211 258 130 865
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 unless otherwise noted.
(in millions)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2013(a)
Costs to achieve Progress Energy merger
(see Note 2) $ (22) $ (35) $ (34) $ (29) $ (120)
2012
Costs to achieve Progress Energy merger
(see Note 2) $ (4) $ (5) $ (184) $ (46) $ (239)
Voluntary Opportunity Plan deferral
(see Note 19) 101 — — — 101
Total $ 97 $ (5) $ (184) $ (46) $ (138)
(a) Revised retail rates became effective in September in both North Carolina and South Carolina
(see Note 4 for further information).