Attached files
file | filename |
---|---|
8-K - 8-K - Duke Energy CORP | a12-18712_18k.htm |
Exhibit 99.1
2nd Quarter 2012 Statistical Supplement
CONTENTS
|
2 |
DUKE ENERGY CORPORATION | |
|
|
|
|
|
|
2 |
Consolidating Statement of Operations (Current Year) |
|
|
|
|
|
|
3 |
Consolidating Statement of Operations (Prior Year) |
|
|
|
|
|
|
4 |
Consolidating Balance Sheet - Assets |
|
|
|
|
|
|
5 |
Consolidating Balance Sheet - Liabilities and Common Stockholders Equity |
|
|
|
|
|
6 |
U.S. FRANCHISED ELECTRIC AND GAS | |
|
|
| |
|
|
6 |
Consolidating Segment Income (Current Year) |
|
|
|
|
|
|
7 |
Consolidating Segment Income (Prior Year) |
|
|
|
|
|
|
8 |
Consolidating Balance Sheet - Assets |
|
|
|
|
|
|
9 |
Consolidating Balance Sheet - Liabilities and Common Stockholders Equity |
|
|
|
|
|
|
10 |
Operating Statistics (Carolinas) |
|
|
|
|
|
|
11 |
Operating Statistics (DE Midwest - Electric & Gas) |
|
|
|
|
|
12 |
APPENDIX | |
|
|
| |
|
|
12 |
Duke Energy Ohio Supplement (Current Year) |
|
|
|
|
|
|
13 |
Duke Energy Ohio Supplement (Prior Year) |
|
|
|
|
|
|
14 |
Commercial Power Operating Statistics |
|
|
|
|
|
|
15 |
International Energy Operating Statistics |
|
|
|
|
|
|
16 |
Reconciliation of As Reported Results to As Recasted |
Duke Energy Corporation
CONSOLIDATING STATEMENT OF OPERATIONS
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
| ||||||
|
|
U.S. Franchised |
|
Commercial |
|
International |
|
|
|
Eliminations/ |
|
June 30, |
| ||||||
(In millions) |
|
Electric and Gas |
|
Power |
|
Energy |
|
Other |
|
Adjustments |
|
2012 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
OPERATING REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Regulated electric |
|
$ |
5,094 |
|
$ |
54 |
|
$ |
|
|
$ |
1 |
|
$ |
(20 |
) |
$ |
5,129 |
|
Non-regulated electric, natural gas, and other |
|
18 |
|
1,028 |
|
799 |
|
30 |
|
(49 |
) |
1,826 |
| ||||||
Regulated natural gas |
|
253 |
|
|
|
|
|
|
|
(1 |
) |
252 |
| ||||||
Total operating revenues |
|
5,365 |
|
1,082 |
|
799 |
|
31 |
|
(70 |
) |
7,207 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Fuel used in electric generation and purchased power - regulated |
|
1,626 |
|
|
|
|
|
|
|
|
|
1,626 |
| ||||||
Fuel used in electric generation and purchased power - non-regulated |
|
|
|
612 |
|
258 |
|
|
|
(26 |
) |
844 |
| ||||||
Cost of natural gas and coal sold |
|
87 |
|
21 |
|
36 |
|
|
|
|
|
144 |
| ||||||
Operation, maintenance and other |
|
1,306 |
|
222 |
|
157 |
|
(31 |
) |
(46 |
) |
1,608 |
| ||||||
Depreciation and amortization |
|
730 |
|
114 |
|
48 |
|
61 |
|
1 |
|
954 |
| ||||||
Property and other taxes |
|
330 |
|
21 |
|
3 |
|
|
|
1 |
|
355 |
| ||||||
Impairment charges (a) |
|
402 |
|
|
|
|
|
|
|
|
|
402 |
| ||||||
Total operating expenses |
|
4,481 |
|
990 |
|
502 |
|
30 |
|
(70 |
) |
5,933 |
| ||||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
|
7 |
|
1 |
|
|
|
(1 |
) |
|
|
7 |
| ||||||
OPERATING INCOME |
|
891 |
|
93 |
|
297 |
|
|
|
|
|
1,281 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
OTHER INCOME AND EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Other income and expenses, net |
|
124 |
|
25 |
|
90 |
|
(1 |
) |
|
|
238 |
| ||||||
Interest Expense |
|
289 |
|
41 |
|
37 |
|
89 |
|
|
|
456 |
| ||||||
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
|
726 |
|
77 |
|
350 |
|
(90 |
) |
|
|
1,063 |
| ||||||
Income Tax Expense (Benefit) |
|
253 |
|
18 |
|
95 |
|
(49 |
) |
|
|
317 |
| ||||||
INCOME (LOSS) FROM CONTINUING OPERATIONS |
|
473 |
|
59 |
|
255 |
|
(41 |
) |
|
|
746 |
| ||||||
Less: Net Income attributable to non-controlling interest |
|
|
|
|
|
8 |
|
|
|
|
|
8 |
| ||||||
SEGMENT INCOME/NET EXPENSE FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
|
473 |
|
59 |
|
247 |
|
(41 |
) |
|
|
738 |
| ||||||
Income from Discontinued Operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
1 |
| ||||||
NET INCOME ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
|
|
|
|
|
|
|
|
|
|
|
$ |
739 |
| |||||
(a) Primarily due to a $400 million non-cash impairment charge on the Edwardsport IGCC project resulting from a settlement agreement in April 2012.
Consolidated Data
Duke Energy Corporation
CONSOLIDATING STATEMENT OF OPERATIONS
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
| ||||||
|
|
U.S. Franchised |
|
Commercial |
|
International |
|
|
|
Eliminations/ |
|
June 30, |
| ||||||
(In millions) |
|
Electric and Gas |
|
Power |
|
Energy |
|
Other |
|
Adjustments |
|
2011 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
OPERATING REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Regulated electric |
|
$ |
4,884 |
|
$ |
284 |
|
$ |
|
|
$ |
1 |
|
$ |
(20 |
) |
$ |
5,149 |
|
Non-regulated electric, natural gas, and other |
|
19 |
|
955 |
|
754 |
|
19 |
|
(28 |
) |
1,719 |
| ||||||
Regulated natural gas |
|
329 |
|
|
|
|
|
|
|
|
|
329 |
| ||||||
Total operating revenues |
|
5,232 |
|
1,239 |
|
754 |
|
20 |
|
(48 |
) |
7,197 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Fuel used in electric generation and purchased power - regulated |
|
1,528 |
|
118 |
|
|
|
|
|
|
|
1,646 |
| ||||||
Fuel used in electric generation and purchased power - non-regulated |
|
|
|
523 |
|
241 |
|
|
|
|
|
764 |
| ||||||
Cost of natural gas and coal sold |
|
141 |
|
37 |
|
36 |
|
|
|
|
|
214 |
| ||||||
Operation, maintenance and other |
|
1,447 |
|
287 |
|
152 |
|
1 |
|
(48 |
) |
1,839 |
| ||||||
Depreciation and amortization |
|
680 |
|
117 |
|
43 |
|
51 |
|
|
|
891 |
| ||||||
Property and other taxes |
|
327 |
|
23 |
|
4 |
|
1 |
|
|
|
355 |
| ||||||
Impairment charges |
|
|
|
9 |
|
|
|
|
|
|
|
9 |
| ||||||
Total operating expenses |
|
4,123 |
|
1,114 |
|
476 |
|
53 |
|
(48 |
) |
5,718 |
| ||||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
|
1 |
|
13 |
|
|
|
|
|
|
|
14 |
| ||||||
OPERATING INCOME (LOSS) |
|
1,110 |
|
138 |
|
278 |
|
(33 |
) |
|
|
1,493 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
OTHER INCOME AND EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Other income and expenses, net |
|
129 |
|
17 |
|
114 |
|
48 |
|
|
|
308 |
| ||||||
Interest Expense |
|
274 |
|
46 |
|
27 |
|
75 |
|
|
|
422 |
| ||||||
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
|
965 |
|
109 |
|
365 |
|
(60 |
) |
|
|
1,379 |
| ||||||
Income Tax Expense (Benefit) |
|
327 |
|
23 |
|
103 |
|
(28 |
) |
|
|
425 |
| ||||||
INCOME (LOSS) FROM CONTINUING OPERATIONS |
|
638 |
|
86 |
|
262 |
|
(32 |
) |
|
|
954 |
| ||||||
Less: Net Income (Loss) attributable to non-controlling interest |
|
|
|
7 |
|
7 |
|
(6 |
) |
|
|
8 |
| ||||||
NET INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
|
638 |
|
79 |
|
255 |
|
(26 |
) |
|
|
$ |
946 |
| |||||
Duke Energy Corporation
CONSOLIDATING BALANCE SHEET - ASSETS
(Unaudited)
|
|
U.S. Franchised |
|
Commercial |
|
International |
|
|
|
Eliminations/ |
|
June 30, |
| ||||||
(In millions) |
|
Electric and Gas |
|
Power |
|
Energy |
|
Other |
|
Adjustments |
|
2012 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cash and cash equivalents |
|
$ |
47 |
|
$ |
18 |
|
$ |
1,059 |
|
$ |
402 |
|
$ |
|
|
$ |
1,526 |
|
Short-term investments |
|
|
|
|
|
234 |
|
|
|
|
|
234 |
| ||||||
Receivables, net |
|
652 |
|
1,093 |
|
371 |
|
832 |
|
(2,338 |
) |
610 |
| ||||||
Restricted receivables of variable interest entities, net |
|
1,201 |
|
31 |
|
|
|
|
|
1 |
|
1,233 |
| ||||||
Inventory |
|
1,499 |
|
151 |
|
98 |
|
13 |
|
1 |
|
1,762 |
| ||||||
Other |
|
536 |
|
263 |
|
26 |
|
330 |
|
(33 |
) |
1,122 |
| ||||||
Total current assets |
|
3,935 |
|
1,556 |
|
1,788 |
|
1,577 |
|
(2,369 |
) |
6,487 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
INVESTMENTS AND OTHER ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Investments in equity method unconsolidated affiliates |
|
5 |
|
195 |
|
80 |
|
171 |
|
(1 |
) |
450 |
| ||||||
Investments and advances (from) to subsidiaries |
|
2 |
|
(3 |
) |
(6 |
) |
31,625 |
|
(31,618 |
) |
|
| ||||||
Nuclear decommissioning trust funds |
|
2,204 |
|
|
|
|
|
|
|
|
|
2,204 |
| ||||||
Goodwill |
|
3,483 |
|
69 |
|
291 |
|
|
|
(1 |
) |
3,842 |
| ||||||
Intangibles, net |
|
60 |
|
270 |
|
26 |
|
1 |
|
|
|
357 |
| ||||||
Notes receivable |
|
3 |
|
|
|
68 |
|
450 |
|
(449 |
) |
72 |
| ||||||
Restricted other assets of variable interest entities |
|
|
|
133 |
|
|
|
|
|
|
|
133 |
| ||||||
Other |
|
1,108 |
|
31 |
|
128 |
|
571 |
|
56 |
|
1,894 |
| ||||||
Total investments and other assets |
|
6,865 |
|
695 |
|
587 |
|
32,818 |
|
(32,013 |
) |
8,952 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
PROPERTY, PLANT AND EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cost |
|
51,769 |
|
5,267 |
|
3,331 |
|
1,091 |
|
|
|
61,458 |
| ||||||
Cost, variable interest entities |
|
|
|
1,357 |
|
|
|
|
|
|
|
1,357 |
| ||||||
Accumulated depreciation and amortization |
|
(16,912 |
) |
(792 |
) |
(909 |
) |
(488 |
) |
|
|
(19,101 |
) | ||||||
Generation facilities to be retired, net |
|
73 |
|
|
|
|
|
|
|
|
|
73 |
| ||||||
Net property, plant and equipment |
|
34,930 |
|
5,832 |
|
2,422 |
|
603 |
|
|
|
43,787 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
REGULATORY ASSETS AND DEFERRED DEBITS |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Regulatory Assets |
|
3,130 |
|
66 |
|
|
|
450 |
|
|
|
3,646 |
| ||||||
Other |
|
100 |
|
43 |
|
|
|
15 |
|
1 |
|
159 |
| ||||||
Total regulatory assets and deferred debits |
|
3,230 |
|
109 |
|
|
|
465 |
|
1 |
|
3,805 |
| ||||||
TOTAL ASSETS |
|
48,960 |
|
8,192 |
|
4,797 |
|
35,463 |
|
(34,381 |
) |
63,031 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Intercompany balances |
|
(509 |
) |
(924 |
) |
(119 |
) |
(32,870 |
) |
34,422 |
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
REPORTABLE SEGMENT ASSETS |
|
$ |
48,451 |
|
$ |
7,268 |
|
$ |
4,678 |
|
$ |
2,593 |
|
$ |
41 |
|
$ |
63,031 |
|
Duke Energy Corporation
CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY
(Unaudited)
|
|
U.S. Franchised |
|
Commercial |
|
International |
|
|
|
Eliminations/ |
|
June 30, |
| ||||||
(In millions) |
|
Electric and Gas |
|
Power |
|
Energy |
|
Other |
|
Adjustments |
|
2012 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Accounts payable |
|
$ |
995 |
|
$ |
303 |
|
$ |
35 |
|
$ |
1,289 |
|
$ |
(1,462 |
) |
$ |
1,160 |
|
Notes payable and commercial paper |
|
128 |
|
|
|
|
|
1,521 |
|
(856 |
) |
793 |
| ||||||
Non-recourse notes payable of variable interest entities |
|
269 |
|
|
|
|
|
|
|
|
|
269 |
| ||||||
Taxes accrued (prepaid) |
|
198 |
|
(9 |
) |
30 |
|
164 |
|
(24 |
) |
359 |
| ||||||
Interest accrued |
|
167 |
|
6 |
|
36 |
|
46 |
|
(1 |
) |
254 |
| ||||||
Current maturities of long-term debt |
|
884 |
|
691 |
|
39 |
|
254 |
|
2 |
|
1,870 |
| ||||||
Other |
|
701 |
|
69 |
|
68 |
|
639 |
|
(43 |
) |
1,434 |
| ||||||
Total current liabilities |
|
3,342 |
|
1,060 |
|
208 |
|
3,913 |
|
(2,384 |
) |
6,139 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
LONG-TERM DEBT |
|
12,697 |
|
603 |
|
596 |
|
4,093 |
|
(450 |
) |
17,539 |
| ||||||
NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES |
|
300 |
|
615 |
|
|
|
|
|
|
|
915 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
DEFERRED CREDITS AND OTHER LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Deferred income taxes |
|
6,799 |
|
1,144 |
|
166 |
|
(194 |
) |
(1 |
) |
7,914 |
| ||||||
Investment tax credits |
|
379 |
|
|
|
|
|
|
|
|
|
379 |
| ||||||
Accrued pension and other post-retirement benefit costs |
|
469 |
|
73 |
|
|
|
287 |
|
|
|
829 |
| ||||||
Asset retirement obligations |
|
1,970 |
|
28 |
|
1 |
|
|
|
|
|
1,999 |
| ||||||
Regulatory Liabilities |
|
2,960 |
|
|
|
|
|
21 |
|
|
|
2,981 |
| ||||||
Other |
|
1,132 |
|
164 |
|
70 |
|
382 |
|
72 |
|
1,820 |
| ||||||
Total deferred credits and other liabilities |
|
13,709 |
|
1,409 |
|
237 |
|
496 |
|
71 |
|
15,922 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Common stock |
|
392 |
|
379 |
|
13 |
|
1 |
|
(784 |
) |
1 |
| ||||||
Additional paid-in capital |
|
8,152 |
|
6,322 |
|
1,818 |
|
27,636 |
|
(22,788 |
) |
21,140 |
| ||||||
Retained earnings (accumulated deficit) |
|
10,388 |
|
(2,141 |
) |
1,938 |
|
(270 |
) |
(8,317 |
) |
1,598 |
| ||||||
Accumulated other comprehensive (loss) income |
|
(20 |
) |
(78 |
) |
(87 |
) |
(408 |
) |
273 |
|
(320 |
) | ||||||
Total Duke Energy Corporation shareholders equity |
|
18,912 |
|
4,482 |
|
3,682 |
|
26,959 |
|
(31,616 |
) |
22,419 |
| ||||||
Noncontrolling interests |
|
|
|
23 |
|
74 |
|
2 |
|
(2 |
) |
97 |
| ||||||
Total equity |
|
18,912 |
|
4,505 |
|
3,756 |
|
26,961 |
|
(31,618 |
) |
22,516 |
| ||||||
TOTAL LIABILITIES AND EQUITY |
|
48,960 |
|
8,192 |
|
4,797 |
|
35,463 |
|
(34,381 |
) |
63,031 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Intercompany balances |
|
(509 |
) |
(924 |
) |
(119 |
) |
(32,870 |
) |
34,422 |
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
REPORTABLE SEGMENT LIABILITIES AND EQUITY |
|
$ |
48,451 |
|
$ |
7,268 |
|
$ |
4,678 |
|
$ |
2,593 |
|
$ |
41 |
|
$ |
63,031 |
|
U.S. Franchised Electric and Gas
CONSOLIDATING SEGMENT INCOME
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
| |||||
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
June 30, |
| |||||
(In millions) |
|
Carolinas, LLC |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments |
|
2012 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING REVENUES |
|
|
|
|
|
|
|
|
|
|
| |||||
Regulated electric |
|
$ |
3,113 |
|
$ |
607 |
|
$ |
1,373 |
|
$ |
1 |
|
$ |
5,094 |
|
Non-regulated electric, natural gas, and other |
|
4 |
|
|
|
|
|
14 |
|
18 |
| |||||
Regulated natural gas |
|
|
|
253 |
|
|
|
|
|
253 |
| |||||
Total operating revenues |
|
3,117 |
|
860 |
|
1,373 |
|
15 |
|
5,365 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Fuel used in electric generation and purchased power - regulated |
|
822 |
|
234 |
|
570 |
|
|
|
1,626 |
| |||||
Cost of natural gas and coal sold |
|
|
|
87 |
|
|
|
|
|
87 |
| |||||
Operation, maintenance and other |
|
782 |
|
218 |
|
304 |
|
2 |
|
1,306 |
| |||||
Depreciation and amortization |
|
454 |
|
83 |
|
192 |
|
1 |
|
730 |
| |||||
Property and other taxes |
|
179 |
|
114 |
|
38 |
|
(1 |
) |
330 |
| |||||
Impairment charges (a) |
|
|
|
|
|
400 |
|
2 |
|
402 |
| |||||
Total operating expenses |
|
2,237 |
|
736 |
|
1,504 |
|
4 |
|
4,481 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
|
6 |
|
1 |
|
|
|
|
|
7 |
| |||||
OPERATING INCOME (LOSS) |
|
886 |
|
125 |
|
(131 |
) |
11 |
|
891 |
| |||||
OTHER INCOME AND EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Other income and expenses, net (b) |
|
83 |
|
5 |
|
43 |
|
(7 |
) |
124 |
| |||||
Interest Expense |
|
189 |
|
29 |
|
70 |
|
1 |
|
289 |
| |||||
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
|
780 |
|
101 |
|
(158 |
) |
3 |
|
726 |
| |||||
Income Tax expense (benefit) |
|
284 |
|
37 |
|
(73 |
) |
5 |
|
253 |
| |||||
SEGMENT INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
|
496 |
|
64 |
|
(85 |
) |
(2 |
) |
473 |
| |||||
(a) Primarily due to a $400 million non-cash impairment charge on the Edwardsport IGCC project resulting from a settlement agreement in April 2012.
(b) Primarily due to an equity component of allowance for funds used during construction of $74 million for Carolinas, $3 million for Ohio and $39 million for Indiana, respectively.
Consolidating Segment Income
U.S. Franchised Electric and Gas
CONSOLIDATING SEGMENT INCOME
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
| |||||
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
June 30, |
| |||||
(In millions) |
|
Carolinas, LLC |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments |
|
2011 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING REVENUES |
|
|
|
|
|
|
|
|
|
|
| |||||
Regulated electric |
|
$ |
3,155 |
|
$ |
450 |
|
$ |
1,279 |
|
$ |
|
|
$ |
4,884 |
|
Non-regulated electric, natural gas, and other |
|
4 |
|
|
|
|
|
15 |
|
19 |
| |||||
Regulated natural gas |
|
|
|
329 |
|
|
|
|
|
329 |
| |||||
Total operating revenues |
|
3,159 |
|
779 |
|
1,279 |
|
15 |
|
5,232 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Fuel used in electric generation and purchased power - regulated |
|
980 |
|
70 |
|
478 |
|
|
|
1,528 |
| |||||
Cost of natural gas and coal sold |
|
|
|
141 |
|
|
|
|
|
141 |
| |||||
Operation, maintenance and other |
|
907 |
|
219 |
|
319 |
|
2 |
|
1,447 |
| |||||
Depreciation and amortization |
|
391 |
|
91 |
|
197 |
|
1 |
|
680 |
| |||||
Property and other taxes |
|
165 |
|
121 |
|
41 |
|
|
|
327 |
| |||||
Total operating expenses |
|
2,443 |
|
642 |
|
1,035 |
|
3 |
|
4,123 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
|
1 |
|
|
|
|
|
|
|
1 |
| |||||
OPERATING INCOME |
|
717 |
|
137 |
|
244 |
|
12 |
|
1,110 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OTHER INCOME AND EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Other income and expenses, net (a) |
|
92 |
|
7 |
|
44 |
|
(14 |
) |
129 |
| |||||
Interest Expense |
|
171 |
|
32 |
|
70 |
|
1 |
|
274 |
| |||||
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
|
638 |
|
112 |
|
218 |
|
(3 |
) |
965 |
| |||||
Income Tax expense |
|
224 |
|
35 |
|
71 |
|
(3 |
) |
327 |
| |||||
SEGMENT INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
|
414 |
|
77 |
|
147 |
|
|
|
638 |
| |||||
(a) Primarily due to an equity component of allowance for funds used during construction of $82 million for Carolinas, $2 million for Ohio and $39 million for Indiana, respectively.
U.S. Franchised Electric and Gas
CONSOLIDATING BALANCE SHEET - ASSETS
(Unaudited)
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
June 30, |
| |||||
(In millions) |
|
Carolinas, LLC |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments |
|
2012 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
| |||||
Cash and cash equivalents |
|
$ |
18 |
|
$ |
10 |
|
$ |
19 |
|
$ |
|
|
$ |
47 |
|
Receivables, net |
|
351 |
|
503 |
|
1,605 |
|
(1,807 |
) |
652 |
| |||||
Restricted receivables of variable interest entities, net |
|
680 |
|
|
|
|
|
521 |
|
1,201 |
| |||||
Inventory |
|
1,024 |
|
117 |
|
358 |
|
|
|
1,499 |
| |||||
Other |
|
327 |
|
103 |
|
106 |
|
|
|
536 |
| |||||
Total current assets |
|
2,400 |
|
733 |
|
2,088 |
|
(1,286 |
) |
3,935 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
INVESTMENTS AND OTHER ASSETS |
|
|
|
|
|
|
|
|
|
|
| |||||
Investments in equity method unconsolidated affiliates |
|
5 |
|
|
|
|
|
|
|
5 |
| |||||
Investments and advances to (from) subsidiaries |
|
|
|
|
|
3,642 |
|
(3,640 |
) |
2 |
| |||||
Nuclear decommissioning trust funds |
|
2,204 |
|
|
|
|
|
|
|
2,204 |
| |||||
Goodwill |
|
|
|
921 |
|
|
|
2,562 |
|
3,483 |
| |||||
Intangibles, net |
|
12 |
|
4 |
|
44 |
|
|
|
60 |
| |||||
Notes receivable |
|
|
|
|
|
3 |
|
|
|
3 |
| |||||
Other |
|
954 |
|
40 |
|
107 |
|
7 |
|
1,108 |
| |||||
Total investments and other assets |
|
3,175 |
|
965 |
|
3,796 |
|
(1,071 |
) |
6,865 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
PROPERTY, PLANT AND EQUIPMENT |
|
|
|
|
|
|
|
|
|
|
| |||||
Cost |
|
33,505 |
|
6,360 |
|
11,880 |
|
24 |
|
51,769 |
| |||||
Accumulated depreciation and amortization |
|
(11,374 |
) |
(1,964 |
) |
(3,575 |
) |
1 |
|
(16,912 |
) | |||||
Generation facilities to be retired, net |
|
73 |
|
|
|
|
|
|
|
73 |
| |||||
Net property, plant and equipment |
|
22,204 |
|
4,396 |
|
8,305 |
|
25 |
|
34,930 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
REGULATORY ASSETS AND DEFERRED DEBITS |
|
|
|
|
|
|
|
|
|
|
| |||||
Regulatory Assets |
|
1,891 |
|
458 |
|
781 |
|
|
|
3,130 |
| |||||
Other |
|
68 |
|
7 |
|
24 |
|
1 |
|
100 |
| |||||
Total regulatory assets and deferred debits |
|
1,959 |
|
465 |
|
805 |
|
1 |
|
3,230 |
| |||||
TOTAL ASSETS |
|
29,738 |
|
6,559 |
|
14,994 |
|
(2,331 |
) |
48,960 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Intercompany balances |
|
|
|
|
|
(5,055 |
) |
4,546 |
|
(509 |
) | |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
REPORTABLE SEGMENT ASSETS |
|
$ |
29,738 |
|
$ |
6,559 |
|
$ |
9,939 |
|
$ |
2,215 |
|
$ |
48,451 |
|
Segment Consolidating Balance Sheet
U.S. Franchised Electric and Gas
CONSOLIDATING BALANCE SHEET - LIABILITIES AND COMMON STOCKHOLDERS EQUITY
(Unaudited)
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
June 30, |
| |||||
(In millions) |
|
Carolinas, LLC |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments |
|
2012 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
| |||||
Accounts payable |
|
$ |
441 |
|
$ |
162 |
|
$ |
183 |
|
$ |
209 |
|
$ |
995 |
|
Notes payable and commercial paper |
|
|
|
|
|
113 |
|
15 |
|
128 |
| |||||
Non-recourse notes payable of variable interest entities |
|
|
|
|
|
|
|
269 |
|
269 |
| |||||
Taxes accrued |
|
108 |
|
46 |
|
50 |
|
(6 |
) |
198 |
| |||||
Interest accrued |
|
95 |
|
17 |
|
55 |
|
|
|
167 |
| |||||
Current maturities of long-term debt |
|
427 |
|
452 |
|
5 |
|
|
|
884 |
| |||||
Other |
|
482 |
|
87 |
|
132 |
|
|
|
701 |
| |||||
Total current liabilities |
|
1,553 |
|
764 |
|
538 |
|
487 |
|
3,342 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
LONG-TERM DEBT |
|
7,795 |
|
1,200 |
|
3,702 |
|
|
|
12,697 |
| |||||
NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES |
|
300 |
|
|
|
|
|
|
|
300 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
DEFERRED CREDITS AND OTHER LIABILITIES |
|
|
|
|
|
|
|
|
|
|
| |||||
Deferred income taxes |
|
4,898 |
|
1,063 |
|
836 |
|
2 |
|
6,799 |
| |||||
Investment tax credits |
|
230 |
|
7 |
|
142 |
|
|
|
379 |
| |||||
Accrued pension and other post-retirement benefit costs |
|
232 |
|
82 |
|
154 |
|
1 |
|
469 |
| |||||
Asset retirement obligations |
|
1,904 |
|
22 |
|
44 |
|
|
|
1,970 |
| |||||
Regulatory Liabilities |
|
1,993 |
|
263 |
|
695 |
|
9 |
|
2,960 |
| |||||
Other |
|
900 |
|
99 |
|
133 |
|
|
|
1,132 |
| |||||
Total deferred credits and other liabilities |
|
10,157 |
|
1,536 |
|
2,004 |
|
12 |
|
13,709 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Common stock |
|
|
|
392 |
|
1 |
|
(1 |
) |
392 |
| |||||
Additional paid-in capital |
|
1,426 |
|
2,169 |
|
2,732 |
|
1,825 |
|
8,152 |
| |||||
Retained earnings |
|
8,524 |
|
498 |
|
6,005 |
|
(4,639 |
) |
10,388 |
| |||||
Accumulated other comprehensive (loss) income |
|
(17 |
) |
|
|
12 |
|
(15 |
) |
(20 |
) | |||||
Total common stockholders equity |
|
9,933 |
|
3,059 |
|
8,750 |
|
(2,830 |
) |
18,912 |
| |||||
TOTAL LIABILITIES AND COMMON STOCKHOLDERS EQUITY |
|
29,738 |
|
6,559 |
|
14,994 |
|
(2,331 |
) |
48,960 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Intercompany balances |
|
|
|
|
|
(5,055 |
) |
4,546 |
|
(509 |
) | |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
REPORTABLE SEGMENT LIABILITIES AND COMMON STOCKHOLDERS EQUITY |
|
$ |
29,738 |
|
$ |
6,559 |
|
$ |
9,939 |
|
$ |
2,215 |
|
$ |
48,451 |
|
Franchised Electric - Carolinas
OPERATING STATISTICS
(Unaudited)
|
|
Six Months Ended June 30, |
| ||
|
|
2012 |
|
2011 |
|
|
|
|
|
|
|
ELECTRIC ENERGY SALES (GWH) |
|
|
|
|
|
Residential |
|
12,561 |
|
14,199 |
|
General service |
|
13,146 |
|
13,248 |
|
Industrial |
|
10,270 |
|
10,117 |
|
Other energy and wholesale |
|
2,617 |
|
3,215 |
|
Total GWh sales billed |
|
38,594 |
|
40,779 |
|
Unbilled GWh sales |
|
441 |
|
15 |
|
TOTAL GWH SALES |
|
39,035 |
|
40,794 |
|
|
|
|
|
|
|
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) |
|
|
|
|
|
Residential |
|
2,050 |
|
2,039 |
|
General service |
|
336 |
|
334 |
|
Industrial |
|
7 |
|
7 |
|
Other energy and wholesale |
|
14 |
|
14 |
|
TOTAL AVERAGE NUMBER OF CUSTOMERS |
|
2,407 |
|
2,394 |
|
Operating Statistics
Franchised Electric - DE Midwest Electric & Gas
OPERATING STATISTICS
(Unaudited)
|
|
Six Months Ended June 30, |
| ||
|
|
2012 |
|
2011 |
|
|
|
|
|
|
|
ELECTRIC ENERGY SALES (GWH) |
|
|
|
|
|
Residential |
|
8,349 |
|
9,207 |
|
General service |
|
8,492 |
|
8,739 |
|
Industrial |
|
8,012 |
|
7,848 |
|
Other energy and wholesale |
|
3,247 |
|
3,250 |
|
Total GWh sales billed |
|
28,100 |
|
29,044 |
|
Unbilled GWh sales |
|
457 |
|
(355 |
) |
TOTAL GWH SALES |
|
28,557 |
|
28,689 |
|
|
|
|
|
|
|
AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS (IN THOUSANDS) |
|
|
|
|
|
Residential |
|
1,888 |
|
1,879 |
|
General service |
|
230 |
|
230 |
|
Industrial |
|
7 |
|
7 |
|
Other energy and wholesale |
|
5 |
|
4 |
|
TOTAL AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS |
|
2,130 |
|
2,120 |
|
|
|
|
|
|
|
AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS) |
|
|
|
|
|
Residential |
|
1,418 |
|
1,411 |
|
General service |
|
186 |
|
185 |
|
Industrial |
|
5 |
|
5 |
|
Other energy and wholesale |
|
5 |
|
4 |
|
TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS |
|
1,614 |
|
1,605 |
|
|
|
|
|
|
|
AVERAGE NUMBER OF GAS CUSTOMERS (IN THOUSANDS) |
|
|
|
|
|
Residential |
|
470 |
|
468 |
|
General service |
|
44 |
|
45 |
|
Industrial |
|
2 |
|
2 |
|
TOTAL AVERAGE NUMBER OF GAS CUSTOMERS |
|
516 |
|
515 |
|
Duke Energy Ohio Supplement
CONSOLIDATED STATEMENTS OF OPERATIONS
Six Months Ended June 30, 2012
(Unaudited)
|
|
Franchised Electric and Gas |
|
|
|
|
|
|
| |||||||
|
|
Ohio |
|
|
|
|
|
|
|
|
| |||||
|
|
Transmission & |
|
Duke Energy |
|
Commercial |
|
|
|
|
| |||||
(In millions) |
|
Distribution |
|
Kentucky, Inc. |
|
Power |
|
Other |
|
Consolidated |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING REVENUES |
|
|
|
|
|
|
|
|
|
|
| |||||
Regulated electric |
|
$ |
445 |
|
$ |
162 |
|
$ |
53 |
|
$ |
|
|
$ |
660 |
|
Non-regulated electric and other |
|
|
|
|
|
743 |
|
(27 |
) |
716 |
| |||||
Regulated natural gas |
|
202 |
|
51 |
|
|
|
|
|
253 |
| |||||
Total operating revenues |
|
647 |
|
213 |
|
796 |
|
(27 |
) |
1,629 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Fuel used in electric generation and purchased power - regulated |
|
172 |
|
62 |
|
|
|
|
|
234 |
| |||||
Fuel used in electric generation and purchased power - non-regulated |
|
|
|
|
|
442 |
|
(27 |
) |
415 |
| |||||
Cost of natural gas and coal sold |
|
65 |
|
22 |
|
|
|
|
|
87 |
| |||||
Operation, maintenance and other |
|
156 |
|
62 |
|
146 |
|
7 |
|
371 |
| |||||
Depreciation and amortization |
|
61 |
|
22 |
|
80 |
|
|
|
163 |
| |||||
Property and other taxes |
|
108 |
|
6 |
|
14 |
|
|
|
128 |
| |||||
Total operating expenses |
|
562 |
|
174 |
|
682 |
|
(20 |
) |
1,398 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
|
1 |
|
|
|
1 |
|
|
|
2 |
| |||||
OPERATING INCOME (LOSS) |
|
86 |
|
39 |
|
115 |
|
(7 |
) |
233 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OTHER INCOME AND EXPENSES, NET |
|
4 |
|
1 |
|
3 |
|
|
|
8 |
| |||||
INTEREST EXPENSE |
|
20 |
|
9 |
|
19 |
|
1 |
|
49 |
| |||||
INCOME (LOSS) BEFORE INCOME TAXES |
|
70 |
|
31 |
|
99 |
|
(8 |
) |
192 |
| |||||
INCOME TAX EXPENSE (BENEFIT) |
|
26 |
|
11 |
|
38 |
|
(2 |
) |
73 |
| |||||
NET INCOME (LOSS) |
|
$ |
44 |
|
$ |
20 |
|
$ |
61 |
|
$ |
(6 |
) |
$ |
119 |
|
Duke Energy Ohio Supplement
Duke Energy Ohio Supplement
CONSOLIDATED STATEMENTS OF OPERATIONS
Six Months Ended June 30, 2011
(Unaudited)
|
|
Franchised Electric and Gas |
|
|
|
|
|
|
| |||||||
|
|
Ohio |
|
|
|
|
|
|
|
|
| |||||
|
|
Transmission & |
|
Duke Energy |
|
Commercial |
|
|
|
|
| |||||
(In millions) |
|
Distribution |
|
Kentucky, Inc. |
|
Power |
|
Other |
|
Consolidated |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING REVENUES |
|
|
|
|
|
|
|
|
|
|
| |||||
Regulated electric |
|
$ |
281 |
|
$ |
169 |
|
$ |
285 |
|
$ |
(2 |
) |
$ |
733 |
|
Non-regulated electric and other |
|
|
|
|
|
510 |
|
|
|
510 |
| |||||
Regulated natural gas |
|
257 |
|
72 |
|
|
|
1 |
|
330 |
| |||||
Total operating revenues |
|
538 |
|
241 |
|
795 |
|
(1 |
) |
1,573 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Fuel used in electric generation and purchased power - regulated |
|
|
|
70 |
|
118 |
|
|
|
188 |
| |||||
Fuel used in electric generation and purchased power - non-regulated |
|
|
|
|
|
311 |
|
|
|
311 |
| |||||
Cost of natural gas and coal sold |
|
104 |
|
37 |
|
|
|
|
|
141 |
| |||||
Operation, maintenance and other |
|
157 |
|
62 |
|
194 |
|
7 |
|
420 |
| |||||
Depreciation and amortization |
|
67 |
|
24 |
|
85 |
|
|
|
176 |
| |||||
Property and other taxes |
|
115 |
|
6 |
|
15 |
|
|
|
136 |
| |||||
Goodwill and other impairment charges |
|
|
|
|
|
9 |
|
|
|
9 |
| |||||
Total operating expenses |
|
443 |
|
199 |
|
732 |
|
7 |
|
1,381 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
|
|
|
|
|
2 |
|
|
|
2 |
| |||||
OPERATING INCOME (LOSS) |
|
95 |
|
42 |
|
65 |
|
(8 |
) |
194 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OTHER INCOME AND EXPENSES, NET |
|
5 |
|
2 |
|
2 |
|
|
|
9 |
| |||||
INTEREST EXPENSE |
|
23 |
|
9 |
|
19 |
|
|
|
51 |
| |||||
INCOME (LOSS) BEFORE INCOME TAXES |
|
77 |
|
35 |
|
48 |
|
(8 |
) |
152 |
| |||||
INCOME TAX EXPENSE (BENEFIT) |
|
22 |
|
13 |
|
14 |
|
(3 |
) |
46 |
| |||||
NET INCOME (LOSS) |
|
$ |
55 |
|
$ |
22 |
|
$ |
34 |
|
$ |
(5 |
) |
$ |
106 |
|
Commercial Power
OPERATING STATISTICS
(Unaudited)
|
|
Six Months Ended June 30, |
| ||
|
|
2012 |
|
2011 |
|
|
|
(GWh) |
| ||
GENERATION |
|
|
|
|
|
Coal |
|
7,367 |
|
8,407 |
|
Gas |
|
9,096 |
|
5,221 |
|
Renewables |
|
1,784 |
|
1,741 |
|
Actual plant generation |
|
18,247 |
|
15,369 |
|
|
|
|
|
|
|
Net proportional megawatt capacity in operation |
|
7,757 |
|
8,273 |
|
Operating Statistics
International Energy
OPERATING STATISTICS
(Unaudited)
|
|
Six Months Ended June 30, |
| ||
|
|
2012 |
|
2011 |
|
|
|
|
|
|
|
Sales, GWh |
|
9,956 |
|
9,303 |
|
Net proportional megawatt capacity in operation |
|
4,225 |
|
4,190 |
|
Duke Energy Corporation
Reconciliation of As Reported Results to As Recasted
Six Months Ended June 30, 2011
(Unaudited)
|
|
USFE&G |
|
Commercial |
|
International |
|
Total |
|
Other |
|
Duke Energy |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Reported EBIT (Prior Segment Measure) |
|
$ |
1,331 |
|
$ |
150 |
|
$ |
359 |
|
$ |
1,840 |
|
$ |
(102 |
) |
$ |
1,738 |
|
Special Items: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Economic hedges |
|
|
|
4 |
|
|
|
4 |
|
|
|
4 |
| ||||||
Costs to achieve |
|
|
|
|
|
|
|
|
|
16 |
|
16 |
| ||||||
Adjusted EBIT (Corporate Measure) |
|
1,331 |
|
154 |
|
359 |
|
1,844 |
|
(86 |
) |
1,758 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Segment allocation changes |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Corporate governance costs |
|
(95 |
) |
(12 |
) |
(4 |
) |
(111 |
) |
111 |
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Line item mapping changes: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Other income and expense below EBIT |
|
8 |
|
17 |
|
37 |
|
62 |
|
3 |
|
65 |
| ||||||
Interest expense |
|
(274 |
) |
(46 |
) |
(27 |
) |
(347 |
) |
(75 |
) |
(422 |
) | ||||||
Income taxes |
|
(332 |
) |
(24 |
) |
(103 |
) |
(459 |
) |
28 |
|
(431 |
) | ||||||
Noncontrolling interest |
|
|
|
(7 |
) |
(7 |
) |
(14 |
) |
6 |
|
(8 |
) | ||||||
Adjusted Segment Income (Corporate Measure) |
|
638 |
|
82 |
|
255 |
|
975 |
|
(13 |
) |
962 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Special Items, net of tax: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Economic hedges, net of tax |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(3 |
) | ||||||
Costs to achieve, net of tax |
|
|
|
|
|
|
|
|
|
(13 |
) |
(13 |
) | ||||||
Reported Segment Income (New Segment Measure) |
|
$ |
638 |
|
$ |
79 |
|
$ |
255 |
|
$ |
972 |
|
$ |
(26 |
) |
$ |
946 |
|
Purpose: This supplemental schedule reconciles the Q2 2011 segment results from the previous segment measure (EBIT) to the new segment measure (Segment Income).
Reconciliation of "As Reported" Results to "As Recasted"