DUKE ENERGY FLORIDA, LLC

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 5, 2025

DUK$128.94+0.7%Stored close · as of Nov 10, 2026

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Contents

Duke Energy Indiana, LLC Financial Statements

FINANCIAL STATEMENTS

Three Months Ended · Six Months Ended
	June 30,		June 30,
(in millions)	2025	2024	2025	2024
Operating Revenues	$821	$747	$1,679	$1,506
Operating Expenses
Fuel used in electric generation and purchased power	219	223	479	494
Operation, maintenance and other	192	161	387	341
Depreciation and amortization	222	172	414	341
Property and other taxes	17	16	35	30
Total operating expenses	650	572	1,315	1,206
Operating Income	171	175	364	300
Other Income and Expenses, net	21	15	31	28
Interest Expense	57	58	116	115
Income Before Income Taxes	135	132	279	213
Income Tax Expense	18	22	36	36
Net Income	$117	$110	$243	$177
Other Comprehensive Loss, net of tax
Pension and OPEB adjustments	—	—	—	(1)
Comprehensive Income	$117	$110	$243	$176

FINANCIAL STATEMENTS

(in millions)	June 30, 2025	December 31, 2024
ASSETS
Current Assets
Cash and cash equivalents	$9	$13
Receivables (net of allowance for doubtful accounts of $17 at 2025 and $15 at 2024)	463	423
Receivables from affiliated companies	—	1
Notes receivable from affiliated companies	235	—
Inventory	550	586
Regulatory assets	176	113
Other	84	69
Total current assets	1,517	1,205
Property, Plant and Equipment
Cost	20,492	19,970
Accumulated depreciation and amortization	(7,174)	(6,848)
Net property, plant and equipment	13,318	13,122
Other Noncurrent Assets
Regulatory assets	1,050	1,040
Operating lease right-of-use assets, net	35	37
Other	260	323
Total other noncurrent assets	1,345	1,400
Total Assets	$16,180	$15,727
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$365	$257
Accounts payable to affiliated companies	67	57
Notes payable to affiliated companies	—	10
Taxes accrued	82	168
Interest accrued	63	59
Current maturities of long-term debt	4	4
Asset retirement obligations	148	164
Regulatory liabilities	270	183
Other	210	183
Total current liabilities	1,209	1,085
Long-Term Debt	4,941	4,644
Long-Term Debt Payable to Affiliated Companies	150	150
Other Noncurrent Liabilities
Deferred income taxes	1,503	1,494
Asset retirement obligations	1,105	1,104
Regulatory liabilities	1,254	1,404
Operating lease liabilities	31	33
Accrued pension and other post-retirement benefit costs	82	82
Investment tax credits	185	186
Other	21	19
Total other noncurrent liabilities	4,181	4,322
Commitments and Contingencies
Equity
Member's equity	5,699	5,526
Total equity	5,699	5,526
Total Liabilities and Equity	$16,180	$15,727

FINANCIAL STATEMENTS

	Six Months Ended
	June 30,
(in millions)	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$243	$177
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	416	343
Equity component of AFUDC	(15)	(7)
Deferred income taxes	(31)	22
Payments for asset retirement obligations	(42)	(34)
(Increase) decrease in
Receivables	(45)	29
Receivables from affiliated companies	1	(5)
Inventory	36	(5)
Other current assets	(81)	38
Increase (decrease) in
Accounts payable	65	(10)
Accounts payable to affiliated companies	10	(59)
Taxes accrued	(86)	20
Other current liabilities	53	(13)
Other assets	78	(44)
Other liabilities	(17)	(4)
Net cash provided by operating activities	585	448
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(526)	(489)
Purchases of debt and equity securities	(49)	(22)
Proceeds from sales and maturities of debt and equity securities	121	18
Notes receivable from affiliated companies	(235)	(160)
Other	(116)	(4)
Net cash used in investing activities	(805)	(657)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	297	298
Notes payable to affiliated companies	(10)	(256)
Capital contribution from parent	—	235
Distributions to parent	(70)	(62)
Other	(1)	(1)
Net cash provided by financing activities	216	214
Net (decrease) increase in cash and cash equivalents	(4)	5
Cash and cash equivalents at beginning of period	13	8
Cash and cash equivalents at end of period	$9	$13
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$170	$108

FINANCIAL STATEMENTS

	Three Months Ended June 30, 2024 and 2025
Accumulated Other
Comprehensive Income (Loss)
	Member's	Pension and	Total
(in millions)	Equity	OPEB Adjustments	Equity
Balance at March 31, 2024	$5,078	$—	$5,078
Net income	110	—	110
Contributions from parent	235	—	235
Distributions to parent	(20)	—	(20)
Other	(2)	—	(2)
Balance at June 30, 2024	$5,401	$—	$5,401
Balance at March 31, 2025	$5,619	$—	$5,619
Net income	117	—	117
Distributions to parent	(37)	—	(37)
Balance at June 30, 2025	$5,699	$—	$5,699
	Six Months Ended June 30, 2024 and 2025
Accumulated Other
Comprehensive Income (Loss)
	Member's	Pension and	Total
(in millions)	Equity	OPEB Adjustments	Equity
Balance at December 31, 2023	$5,012	$1	$5,013
Net income	177	—	177
Contributions from parent	235	—	235
Distributions to parent	(20)	—	(20)
Other	(3)	(1)	(4)
Balance at June 30, 2024	$5,401	$—	$5,401
Balance at December 31, 2024	$5,526	$—	$5,526
Net income	243	—	243
Distributions to parent	(70)	—	(70)
Balance at June 30, 2025	$5,699	$—	$5,699

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.