Duke Energy Corporation (DUK) financial statements (2021 and earlier)

Company profile

Business Address 550 SOUTH TRYON STREET
CHARLOTTE, NC 28202
State of Incorp. DE
Fiscal Year End December 31
SIC 4931 - Electric and Other Services Combined (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments259308341 311379
Cash and cash equivalents259308341 311379
Restricted cash and investments194187193 222163
Receivables3,1133,1082,878 2,8373,153
Inventory, net of allowances, customer advances and progress billings3,1673,1903,289 3,2323,107
Inventory3,1673,1903,289 3,2323,107
Regulatory current assets1,6411,6371,774 1,7961,723
Other undisclosed current assets308249762 7651,094
Total current assets:8,6828,6799,237 9,1639,619
Noncurrent Assets
Finance lease, right-of-use asset     952
Operating lease, right-of-use asset1,5241,5771,580 1,6581,703
Long-term investments and receivables961924861 1,9361,864
Long-term investments961924861 1,9361,864
Intangible assets, net (including goodwill)19,30319,30319,303 19,30319,303
Goodwill19,30319,30319,303 19,30319,303
Regulated entity, other noncurrent assets21,53521,62721,285 21,36221,611
Restricted cash and investments 105107  40
Other noncurrent assets3,6013,5393,458 3,2892,905
Other undisclosed noncurrent assets106,782105,655104,218 102,12797,920
Total noncurrent assets:153,706152,730150,812 149,675146,298
TOTAL ASSETS:162,388161,409160,049 158,838155,917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1633,8103,624 4,4444,217
Accounts payable3,1442,4862,398 3,4872,946
Taxes payable482768657 392712
Interest and dividends payable537556569 565559
Debt7,1118,0948,541 6,2765,565
Regulatory liability1,3771,218898 784673
Asset retirement obligation718742729 881861
Other liabilities2,9362,8292,898 2,3672,074
Total current liabilities:16,30516,69316,690 14,75213,390
Noncurrent Liabilities
Long-term debt and lease obligation, including:55,62556,04956,143 54,98554,818
Long-term debt, excluding current maturities55,62556,04956,143 54,98554,818
Finance lease, liability716   850 
Operating lease, liability1,340   1,432 
Other undisclosed long-term debt and lease obligation(2,056)   (2,282) 
Liabilities, other than long-term debt, including:41,27441,37240,605 41,15040,302
Accumulated deferred investment tax credit687689683 624579
Asset retirement obligations12,28612,91212,539 12,43711,740
Liability, pension and other postretirement and postemployment benefits969903911 934900
Regulatory liability15,02914,54614,553 15,26415,202
Other undisclosed liabilities, other than long-term debt12,30312,32211,919 11,89111,881
Total noncurrent liabilities:96,89997,42196,748 96,13595,120
Total liabilities:113,204114,114113,438 110,887108,510
Stockholders' equity
Stockholders' equity attributable to parent, including:47,96446,00645,484 46,82246,438
Common stock111 11
Additional paid in capital43,76741,04640,997 40,88140,488
Accumulated other comprehensive loss(237)(263)(183) (130)(153)
Retained earnings2,4713,2602,707 4,1084,139
Other undisclosed stockholders' equity attributable to parent1,9621,9621,962 1,9621,963
Stockholders' equity attributable to noncontrolling interest1,2201,2891,127 1,129969
Total stockholders' equity:49,18447,29546,611 47,95147,407
TOTAL LIABILITIES AND EQUITY:162,388161,409160,049 158,838155,917

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues5,6636,6585,338 5,8636,792
Cost of revenue(4,421)(4,559)(3,918) (4,683)(4,696)
Cost of goods and services sold(7,259)(1,217)(1,150) (3,462)(1,186)
Gross profit:1,2422,0991,420 1,1802,096
Operating expenses(1,282)(350)(333) (307)(315)
Other undisclosed operating income1146590 236148
Operating income:741,8141,177 1,1091,929
Nonoperating income (expense)14247(1,831) 147154
Other nonoperating income143127137 122104
Interest and debt expense(535)(522)(554) (547)(572)
Income (loss) from continuing operations before income taxes:(319)1,339(1,208) 7091,511
Income tax expense (benefit)162(105)316 (95)(188)
Income (loss) from continuing operations:(157)1,234(892) 6141,323
Other undisclosed income (loss) before gain (loss) on sale of properties7   (7) 
Net income (loss):(150)1,234(892) 6071,323
Net income (loss) attributable to noncontrolling interest(503)7090 6719
Other undisclosed net income (loss) attributable to parent590   27(15)
Net income (loss) attributable to parent:(63)1,304(802) 7011,327
Preferred stock dividends and other adjustments(14)(39)(15) (14)(15)
Net income (loss) available to common stockholders, diluted:(77)1,265(817) 6871,312

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):(150)1,234(892) 6071,323
Other comprehensive income (loss)27(80)12 23(15)
Comprehensive income (loss):(123)1,154(880) 6301,308
Comprehensive income, net of tax, attributable to noncontrolling interest867088 6719
Other undisclosed comprehensive loss, net of tax, attributable to parent(107)   (14)(15)
Comprehensive income (loss), net of tax, attributable to parent:(144)1,224(792) 6831,312

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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