Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2015 |
Sep. 30, 2014 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
$ 2,349
|
$ 1,789
|
| Net Income (Loss) Attributable to Parent |
2,339
|
1,786
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
2,680
|
2,641
|
| Equity component of AFUDC |
(123)
|
(99)
|
| Gains on sales of other assets |
(44)
|
(27)
|
| Impairment charges |
145
|
848
|
| Deferred income taxes |
1,104
|
562
|
| Equity in earnings of unconsolidated affiliates |
(53)
|
(97)
|
| Accrued pension and other post-retirement benefit costs |
53
|
81
|
| Contributions to pension plans |
(143)
|
|
| Payments for asset retirement obligations |
(208)
|
(52)
|
| (Increase) decrease in |
|
|
| Net realized and unrealized mark-to-market and hedging transactions |
(23)
|
128
|
| Receivables |
67
|
(24)
|
| Inventory |
(13)
|
(17)
|
| Other current assets |
(119)
|
(315)
|
| Increase (decrease) in |
|
|
| Accounts payable |
(182)
|
(303)
|
| Taxes accrued |
41
|
37
|
| Other current liabilities |
79
|
(99)
|
| Other assets |
(143)
|
(100)
|
| Other liabilities |
(71)
|
214
|
| Net cash provided by operating activities |
5,396
|
5,167
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(4,642)
|
(3,755)
|
| Investment expenditures |
(209)
|
(65)
|
| Acquisitions |
(1,317)
|
(16)
|
| Purchases of available-for-sale securities |
(3,017)
|
(2,424)
|
| Proceeds from sales and maturities of available-for-sale securities |
3,037
|
2,445
|
| Net proceeds from the sale of Midwest generation business and sales of equity investments and other assets |
2,916
|
172
|
| Change in restricted cash |
(49)
|
(15)
|
| Other |
(10)
|
(76)
|
| Net cash used in investing activities |
(3,291)
|
(3,734)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from the issuance of long-term debt |
1,780
|
2,217
|
| Proceeds from the issuance of common stock related to employee benefit plans |
16
|
24
|
| Payments for the redemption of long-term debt |
(1,264)
|
(2,503)
|
| Proceeds from issuance of short-term debt with original maturities greater than 90 days |
287
|
|
| Payments for the redemption of short-term debt with original maturities greater than 90 days |
(931)
|
|
| Notes payable and commercial paper |
531
|
941
|
| Distributions to noncontrolling interests |
(7)
|
(45)
|
| Dividends paid |
(1,685)
|
(1,670)
|
| Repurchase of common shares |
(1,500)
|
|
| Other |
2
|
33
|
| Net cash used in financing activities |
(2,771)
|
(1,003)
|
| Net (decrease) increase in cash and cash equivalents |
(666)
|
430
|
| Cash and cash equivalents at beginning of period |
2,036
|
1,501
|
| Cash and cash equivalents at end of period |
1,370
|
1,931
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
610
|
466
|
| Duke Energy Carolinas [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income (Loss) Attributable to Parent |
940
|
933
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
1,016
|
952
|
| Equity component of AFUDC |
(73)
|
(68)
|
| Impairment charges |
|
3
|
| Deferred income taxes |
183
|
47
|
| Accrued pension and other post-retirement benefit costs |
11
|
16
|
| Contributions to pension plans |
(42)
|
|
| Payments for asset retirement obligations |
(104)
|
|
| (Increase) decrease in |
|
|
| Receivables |
(9)
|
5
|
| Receivable from affiliated companies |
|
(42)
|
| Inventory |
(48)
|
91
|
| Other current assets |
42
|
(130)
|
| Increase (decrease) in |
|
|
| Accounts payable |
(141)
|
(167)
|
| Accounts payable to affiliated companies |
(11)
|
15
|
| Taxes accrued |
182
|
173
|
| Other current liabilities |
49
|
7
|
| Other assets |
97
|
23
|
| Other liabilities |
(61)
|
21
|
| Net cash provided by operating activities |
2,031
|
1,879
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(1,372)
|
(1,289)
|
| Purchases of available-for-sale securities |
(1,926)
|
(1,533)
|
| Proceeds from sales and maturities of available-for-sale securities |
1,926
|
1,516
|
| Notes receivable from affiliated companies |
(549)
|
(117)
|
| Other |
(13)
|
(27)
|
| Net cash used in investing activities |
(1,934)
|
(1,450)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from the issuance of long-term debt |
496
|
|
| Payments for the redemption of long-term debt |
(3)
|
(42)
|
| Distributions to parent |
(401)
|
(376)
|
| Other |
(4)
|
|
| Net cash used in financing activities |
88
|
(418)
|
| Net (decrease) increase in cash and cash equivalents |
185
|
11
|
| Cash and cash equivalents at beginning of period |
13
|
23
|
| Cash and cash equivalents at end of period |
198
|
34
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
229
|
177
|
| Progress Energy [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
931
|
735
|
| Net Income (Loss) Attributable to Parent |
923
|
733
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
962
|
985
|
| Equity component of AFUDC |
(40)
|
(18)
|
| Gains on sales of other assets |
(24)
|
1
|
| Impairment charges |
7
|
(16)
|
| Deferred income taxes |
512
|
231
|
| Accrued pension and other post-retirement benefit costs |
(4)
|
20
|
| Contributions to pension plans |
(42)
|
|
| Payments for asset retirement obligations |
(90)
|
(52)
|
| (Increase) decrease in |
|
|
| Net realized and unrealized mark-to-market and hedging transactions |
6
|
28
|
| Receivables |
(103)
|
(162)
|
| Receivable from affiliated companies |
(62)
|
(32)
|
| Inventory |
44
|
(45)
|
| Other current assets |
298
|
(147)
|
| Increase (decrease) in |
|
|
| Accounts payable |
(157)
|
(73)
|
| Accounts payable to affiliated companies |
35
|
142
|
| Taxes accrued |
75
|
166
|
| Other current liabilities |
115
|
(96)
|
| Other assets |
(116)
|
(126)
|
| Other liabilities |
(87)
|
43
|
| Net cash provided by operating activities |
2,260
|
1,584
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(1,816)
|
(1,383)
|
| Acquisitions |
(1,249)
|
|
| Purchases of available-for-sale securities |
(829)
|
(609)
|
| Proceeds from sales and maturities of available-for-sale securities |
895
|
594
|
| Proceeds from the Sale of Nuclear Fuel |
81
|
|
| Notes receivable from affiliated companies |
(31)
|
(89)
|
| Other |
(44)
|
(37)
|
| Net cash used in investing activities |
(2,993)
|
(1,524)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from the issuance of long-term debt |
1,195
|
875
|
| Payments for the redemption of long-term debt |
(555)
|
(479)
|
| Notes payable to affiliated companies |
(401)
|
(391)
|
| Distributions to noncontrolling interests |
(4)
|
(37)
|
| Capital contribution from parent |
625
|
|
| Other |
(11)
|
(39)
|
| Net cash used in financing activities |
849
|
(71)
|
| Net (decrease) increase in cash and cash equivalents |
116
|
(11)
|
| Cash and cash equivalents at beginning of period |
42
|
58
|
| Cash and cash equivalents at end of period |
158
|
47
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
276
|
159
|
| Duke Energy Progress [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income (Loss) Attributable to Parent |
497
|
391
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
587
|
570
|
| Equity component of AFUDC |
(35)
|
(17)
|
| Gains on sales of other assets |
(5)
|
(1)
|
| Impairment charges |
|
(18)
|
| Deferred income taxes |
308
|
152
|
| Accrued pension and other post-retirement benefit costs |
(11)
|
(5)
|
| Contributions to pension plans |
(21)
|
|
| Payments for asset retirement obligations |
(53)
|
|
| (Increase) decrease in |
|
|
| Net realized and unrealized mark-to-market and hedging transactions |
(3)
|
9
|
| Receivables |
(51)
|
33
|
| Receivable from affiliated companies |
4
|
(7)
|
| Inventory |
37
|
(53)
|
| Other current assets |
187
|
(97)
|
| Increase (decrease) in |
|
|
| Accounts payable |
(69)
|
(67)
|
| Accounts payable to affiliated companies |
21
|
102
|
| Taxes accrued |
34
|
95
|
| Other current liabilities |
22
|
(46)
|
| Other assets |
(41)
|
(28)
|
| Other liabilities |
(64)
|
(23)
|
| Net cash provided by operating activities |
1,344
|
990
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(1,120)
|
(871)
|
| Acquisitions |
(1,249)
|
|
| Purchases of available-for-sale securities |
(511)
|
(371)
|
| Proceeds from sales and maturities of available-for-sale securities |
488
|
351
|
| Notes receivable from affiliated companies |
(70)
|
|
| Other |
(35)
|
(25)
|
| Net cash used in investing activities |
(2,497)
|
(916)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from the issuance of long-term debt |
1,195
|
650
|
| Payments for the redemption of long-term debt |
(544)
|
(169)
|
| Notes payable to affiliated companies |
|
(340)
|
| Dividends to parent |
|
(224)
|
| Capital contribution from parent |
625
|
|
| Other |
(9)
|
(6)
|
| Net cash used in financing activities |
1,267
|
(89)
|
| Net (decrease) increase in cash and cash equivalents |
114
|
(15)
|
| Cash and cash equivalents at beginning of period |
9
|
21
|
| Cash and cash equivalents at end of period |
123
|
6
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
136
|
107
|
| Duke Energy Florida [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income (Loss) Attributable to Parent |
494
|
455
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
373
|
413
|
| Equity component of AFUDC |
(4)
|
(1)
|
| Impairment charges |
7
|
2
|
| Deferred income taxes |
341
|
194
|
| Accrued pension and other post-retirement benefit costs |
4
|
22
|
| Contributions to pension plans |
(21)
|
|
| Payments for asset retirement obligations |
(37)
|
(52)
|
| (Increase) decrease in |
|
|
| Net realized and unrealized mark-to-market and hedging transactions |
3
|
13
|
| Receivables |
(52)
|
(118)
|
| Receivable from affiliated companies |
(58)
|
(37)
|
| Inventory |
7
|
7
|
| Other current assets |
78
|
(90)
|
| Increase (decrease) in |
|
|
| Accounts payable |
(88)
|
32
|
| Accounts payable to affiliated companies |
10
|
29
|
| Taxes accrued |
43
|
68
|
| Other current liabilities |
97
|
(50)
|
| Other assets |
(73)
|
(92)
|
| Other liabilities |
(29)
|
(1)
|
| Net cash provided by operating activities |
1,095
|
794
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(696)
|
(513)
|
| Purchases of available-for-sale securities |
(318)
|
(238)
|
| Proceeds from sales and maturities of available-for-sale securities |
408
|
243
|
| Proceeds from the Sale of Nuclear Fuel |
81
|
|
| Notes receivable from affiliated companies |
|
(182)
|
| Other |
(12)
|
(14)
|
| Net cash used in investing activities |
(537)
|
(704)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from the issuance of long-term debt |
|
225
|
| Payments for the redemption of long-term debt |
(11)
|
(10)
|
| Notes payable to affiliated companies |
161
|
(181)
|
| Dividends to parent |
(350)
|
(124)
|
| Distributions to parent |
(350)
|
|
| Other |
|
(1)
|
| Net cash used in financing activities |
(550)
|
(91)
|
| Net (decrease) increase in cash and cash equivalents |
8
|
(1)
|
| Cash and cash equivalents at beginning of period |
8
|
16
|
| Cash and cash equivalents at end of period |
16
|
15
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
140
|
52
|
| Duke Energy Ohio [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income (Loss) Attributable to Parent |
129
|
(558)
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
175
|
205
|
| Equity component of AFUDC |
(2)
|
(3)
|
| Gains on sales of other assets |
(8)
|
|
| Impairment charges |
40
|
889
|
| Deferred income taxes |
127
|
(285)
|
| Accrued pension and other post-retirement benefit costs |
7
|
6
|
| Contributions to pension plans |
(4)
|
|
| Payments for asset retirement obligations |
(2)
|
|
| (Increase) decrease in |
|
|
| Net realized and unrealized mark-to-market and hedging transactions |
(11)
|
124
|
| Receivables |
8
|
(66)
|
| Receivable from affiliated companies |
46
|
62
|
| Inventory |
2
|
(16)
|
| Other current assets |
6
|
56
|
| Increase (decrease) in |
|
|
| Accounts payable |
7
|
(42)
|
| Accounts payable to affiliated companies |
(32)
|
(6)
|
| Taxes accrued |
(58)
|
13
|
| Other current liabilities |
101
|
46
|
| Other assets |
28
|
(8)
|
| Other liabilities |
(57)
|
(20)
|
| Net cash provided by operating activities |
502
|
397
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(266)
|
(242)
|
| Notes receivable from affiliated companies |
145
|
(178)
|
| Other |
(9)
|
|
| Net cash used in investing activities |
(130)
|
(420)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Payments for the redemption of long-term debt |
(153)
|
(406)
|
| Notes payable to affiliated companies |
(64)
|
520
|
| Dividends to parent |
(149)
|
(100)
|
| Other |
(2)
|
1
|
| Net cash used in financing activities |
(368)
|
15
|
| Net (decrease) increase in cash and cash equivalents |
4
|
(8)
|
| Cash and cash equivalents at beginning of period |
20
|
36
|
| Cash and cash equivalents at end of period |
24
|
28
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
24
|
21
|
| Distribution of membership interest of Duke Energy SAM, LLC to parent |
1,912
|
|
| Duke Energy Indiana [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income (Loss) Attributable to Parent |
222
|
301
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) |
323
|
311
|
| Equity component of AFUDC |
(9)
|
(10)
|
| Impairment charges |
85
|
|
| Deferred income taxes |
276
|
136
|
| Accrued pension and other post-retirement benefit costs |
10
|
12
|
| Contributions to pension plans |
(9)
|
|
| Payments for asset retirement obligations |
(12)
|
|
| (Increase) decrease in |
|
|
| Receivables |
(5)
|
(20)
|
| Receivable from affiliated companies |
43
|
72
|
| Inventory |
(27)
|
(30)
|
| Other current assets |
67
|
40
|
| Increase (decrease) in |
|
|
| Accounts payable |
11
|
(44)
|
| Accounts payable to affiliated companies |
(8)
|
4
|
| Taxes accrued |
(11)
|
(36)
|
| Other current liabilities |
16
|
3
|
| Other assets |
(50)
|
(15)
|
| Other liabilities |
(1)
|
44
|
| Net cash provided by operating activities |
921
|
768
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(506)
|
(462)
|
| Purchases of available-for-sale securities |
(5)
|
(17)
|
| Proceeds from sales and maturities of available-for-sale securities |
8
|
13
|
| Net proceeds from the sale of Midwest generation business and sales of equity investments and other assets |
14
|
|
| Notes receivable from affiliated companies |
(166)
|
96
|
| Other |
13
|
4
|
| Net cash used in investing activities |
(642)
|
(366)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Payments for the redemption of long-term debt |
(2)
|
(2)
|
| Notes payable to affiliated companies |
(71)
|
61
|
| Dividends to parent |
(150)
|
(451)
|
| Other |
|
(1)
|
| Net cash used in financing activities |
(223)
|
(393)
|
| Net (decrease) increase in cash and cash equivalents |
56
|
9
|
| Cash and cash equivalents at beginning of period |
6
|
15
|
| Cash and cash equivalents at end of period |
62
|
24
|
| Significant non-cash transactions: |
|
|
| Accrued capital expenditures |
$ 46
|
$ 64
|