Duke Energy CORP

Listed Company

DUK-PACIK 0001326160NYSELarge AcceleratedElectric & Other Services CombinedDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$4.97B

Total Assets

$195.74B

Equity

$51.84B

Shares Out

777.67M

Op. Cash Flow

$12.33B

Business

Duke Energy CORP operates regulated public utility businesses providing electric and natural gas services. It generates, transmits, distributes and sells electricity and distributes natural gas to residential, commercial, industrial and power generation customers. Key reportable business segments include EU&I (electric utilities and infrastructure) and GU&I (gas utilities and infrastructure). Its operations serve customers in portions of Indiana for electric service and in portions of North Carolina, South Carolina and Tennessee for natural gas, including municipal wholesale distribution relationships and regulated distribution channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Regulated electric	29,060	27,787	26,617	25,759	22,319
Regulated natural gas	2,870	2,252	2,152	2,724	2,008
Nonregulated electric and other	307	318	291	285	294
Total operating revenues	32,237	30,357	29,060	28,768	24,621
Operation, maintenance and other	6,698	5,389	5,625	5,734	5,703
Depreciation and amortization	6,324	5,793	5,253	5,086	4,762
Property and other taxes	1,597	1,466	1,400	1,466	1,355
Impairment of assets and other charges	−4	38	85	434	353
Total operating expenses	23,656	22,457	22,042	22,778	19,133
Gains on Sales of Other Assets and Other, net	45	26	52	22	12
Operating Income	8,626	7,926	7,070	6,012	5,500
Equity in earnings (losses) of unconsolidated affiliates	51	−9	113	113	62
Other income and expenses, net	669	661	598	392	636
Total other income and expenses	720	652	711	505	698
Interest Expense	3,634	3,384	3,014	2,439	2,207
Income From Continuing Operations Before Income Taxes	5,712	5,194	4,767	4,078	3,991
Income Tax Expense From Continuing Operations	642	590	438	300	268
Income From Continuing Operations	5,070	4,604	4,329	3,778	3,723
(Loss) Income from discontinued operations, net of tax	1	10	−1,455	−1,323	−144
Net Income	5,071	4,614	2,874	2,455	3,579
Less: Net Income Attributable to Noncontrolling Interests	103	90	33	−95	329
Net Income	4,968	4,524	2,841	2,550	3,908
Less: Preferred Dividends	56	106	106	106	106
Less: Preferred Redemption Costs	0	16	0	0	—
Net Income Available to Duke Energy Corporation Common Stockholders	4,912	4,402	2,735	2,444	3,802
Basic (usd per share)	0	0.01	−1.81	−1.57	0.26
Diluted (usd per share)	6.31	5.7	5.35	4.74	4.68
Basic (usd per share)	6.31	5.7	5.35	4.74	4.68
Diluted (usd per share)	0	0.01	−1.81	−1.57	0.26
Basic (usd per share)	0	0.01	−1.81	−1.57	0.26
Diluted (usd per share)	0	0.01	−1.81	−1.57	0.26
Basic (usd per share)	6.31	5.71	3.54	3.17	4.94
Diluted (usd per share)	6.31	5.71	3.54	3.17	4.94
Basic (in shares)	777	772	771	770	769
Diluted (in shares)	777	772	771	770	769

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	245	314	253	409	341
Receivables (net of allowance for doubtful accounts)	16	1,889	3,019	3,106	2,437
Receivables of VIEs (net of allowance for doubtful accounts)	4,214	2,170	1,112	1,309	1,085
Receivable from sales of Commercial Renewables Disposal Groups	0	551	0	—	—
Inventory (includes $669 at 2025 and $494 at 2024 related to VIEs)	4,569	4,496	4,292	3,584	3,111
Regulatory assets	1,934	2,739	3,648	3,485	2,150
Assets held for sale	109	96	14	356	232
Other (includes amounts related to VIEs)	526	695	431	973	584
Total current assets	11,613	12,950	12,769	13,222	9,940
Cost	190,409	178,737	171,353	163,839	154,496
Accumulated depreciation and amortization	−60,450	−57,111	−56,038	−52,100	−49,104
Net property, plant and equipment	129,959	121,626	115,315	111,748	105,536
Goodwill	19,000	19,000	19,300	19,300	19,300
Other Noncurrent Assets: Regulatory assets	14,379	14,220	13,618	14,645	12,487
Nuclear decommissioning trust funds	12,889	11,434	10,143	8,637	10,401
Operating lease right-of-use assets, net	1,241	1,148	1,092	1,042	1,136
Investments in equity method unconsolidated affiliates	330	353	492	455	457
Total noncurrent assets held for sale	2,148	2,095	197	5,634	6,695
Other (including amounts related to VIEs)	4,167	3,507	3,964	3,400	3,632
Total other noncurrent assets	54,164	51,767	48,809	53,116	54,111
Total Assets	195,736	186,343	176,893	178,086	169,587
Accounts payable	5,223	5,436	4,228	4,754	3,531
Notes payable and commercial paper	2,624	3,584	4,288	3,952	3,304
Taxes accrued	975	851	816	722	731
Interest accrued	922	854	745	626	530
Current maturities of long-term debt	7,104	4,349	2,800	3,878	3,387
Asset retirement obligations	579	650	596	773	647
Regulatory liabilities	1,271	1,421	1,369	1,466	1,211
Liabilities associated with assets held for sale	84	132	122	535	167
Other	2,265	2,080	2,319	2,167	2,423
Total current liabilities	21,047	19,357	17,283	18,873	15,931
Long-Term Debt (includes amounts related to VIEs)	80,108	76,340	72,452	65,873	60,448
Deferred income taxes	12,377	11,424	10,556	9,964	9,379
Total noncurrent asset retirement obligation	9,046	9,338	8,560	11,955	11,953
Total noncurrent regulatory liabilities	15,682	14,521	14,039	13,582	16,152
Operating lease liabilities	1,033	957	917	876	—
Accrued pension and other post-retirement benefit costs	396	434	485	832	855
Investment tax credits	969	894	864	849	833
Liabilities associated with assets held for sale	170	271	157	1,927	612
Other	1,889	1,551	1,393	1,502	1,348
Total other noncurrent liabilities	41,562	39,390	36,971	41,487	42,072
Commitments and Contingencies	—	—	—	—	—
Common stock	1	1	1	1	1
Additional paid-in capital	45,614	45,494	44,920	44,862	44,371
Retained earnings	5,056	3,431	2,235	2,637	3,265
Accumulated other comprehensive income	198	228	−6	−140	−303
Total Duke Energy Corporation stockholders' equity	51,842	50,127	49,112	49,322	49,296
Noncontrolling interests	1,177	1,129	1,075	2,531	1,840
Total equity	53,019	51,256	50,187	51,853	51,136
Total Liabilities and Equity	195,736	186,343	176,893	178,086	169,587

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion (including amortization of nuclear fuel)	7,704	6,419	6,084	5,843	5,663
Equity in (earnings) losses of unconsolidated affiliates	−51	9	−98	−114	−28
Losses on sales of Commercial Renewables Disposal Groups	4	14	1,725	1,748	0
Equity component of AFUDC	−328	−233	−198	−197	−171
Deferred income taxes	1,204	987	3	−200	191
Contributions to qualified pension plans	−100	−100	−100	−58	—
Payments for asset retirement obligations	−509	−545	−632	−584	−540
Net realized and unrealized mark-to-market and hedging transactions	0	−103	−18	19	50
Receivables	−187	−23	443	−788	−297
Inventory	−63	−212	−706	−476	−34
Other current assets	6	885	−267	−1,498	−1,136
Accounts payable	−821	1,329	−800	805	249
Taxes accrued	127	32	126	10	284
Other current liabilities	52	−55	−80	−153	−13
Other assets	−265	−1,170	914	−1,577	125
Other liabilities	535	468	575	410	95
Net cash provided by operating activities	12,330	12,328	9,878	5,927	8,290
Capital expenditures	−14,024	−12,280	−12,604	−11,367	−9,715
Contributions to equity method investments	0	−8	−34	−58	−81
Return of investment capital	22	25	16	6	44
Purchases of debt and equity securities	−8,888	−5,703	−3,761	−4,243	−6,098
Proceeds from sales and maturities of debt and equity securities	9,005	5,803	3,824	4,333	6,103
Proceeds from the sales of other assets	67	49	149	83	0
Proceeds from the sales of Commercial Renewables Disposal Groups, net of cash divested	559	0	734	0	0
Other	−1,079	−1,009	−799	−727	−333
Net cash used in investing activities	−14,338	−13,123	−12,475	−11,973	−10,935
Proceeds from the issuance of long-term debt	11,891	8,956	10,028	11,874	9,052
Proceeds from the issuance of common stock	16	405	8	9	5
Redemption of preferred stock	0	−1,000	0	0	—
Payments for the redemption of long-term debt	−5,652	−3,357	−4,737	−4,396	−5,294
Proceeds from the issuance of short-term debt with original maturities greater than 90 days	124	557	610	80	332
Payments for the redemption of short-term debt with original maturities greater than 90 days	−5	−1,096	−125	−287	−997
Notes payable and commercial paper	−1,238	−388	−343	781	1,144
Contributions from noncontrolling interests	—	47	278	1,377	1,575
Dividends paid	−3,300	−3,213	−3,244	−3,179	−3,114
Other	114	−52	−124	−130	−94
Net cash provided by financing activities	1,950	859	2,351	6,129	2,609
Net (decrease) increase in cash, cash equivalents and restricted cash	−58	64	−246	83	−36
Cash paid for interest, net of amount capitalized	3,590	3,284	2,883	2,361	2,248
Cash (received from) paid for income taxes, net (includes transferable tax credit sale proceeds)	−625	−400	1	−6	−3
Accrued capital expenditures	2,674	1,909	1,908	1,766	1,325

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