DUKE ENERGY FLORIDA, LLC

For the period ended Sep 30, 2025. Filed Nov 7, 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.

Sep 30, 2025 · Filed Nov 7, 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 · Nine Months Ended
	September 30,		September 30,
(in millions)	2025	2024	2025	2024
Operating Revenues	$992	$836	$2,671	$2,342
Operating Expenses
Fuel used in electric generation and purchased power	324	267	803	761
Operation, maintenance and other	214	169	601	510
Depreciation and amortization	203	166	617	507
Property and other taxes	9	7	44	37
Total operating expenses	750	609	2,065	1,815
Operating Income	242	227	606	527
Other Income and Expenses, net	15	16	46	44
Interest Expense	66	58	182	173
Income Before Income Taxes	191	185	470	398
Income Tax Expense	24	29	60	65
Net Income	$167	$156	$410	$333
Other Comprehensive Loss, net of tax
Pension and OPEB adjustments	—	—	—	(1)
Comprehensive Income	$167	$156	$410	$332

FINANCIAL STATEMENTS

(in millions)	September 30, 2025	December 31, 2024
ASSETS
Current Assets
Cash and cash equivalents	$13	$13
Receivables (net of allowance for doubtful accounts of $17 at 2025 and $15 at 2024)	478	423
Receivables from affiliated companies	2	1
Notes receivable from affiliated companies	200	—
Inventory	527	586
Regulatory assets	180	113
Other	66	69
Total current assets	1,466	1,205
Property, Plant and Equipment
Cost	20,699	19,970
Accumulated depreciation and amortization	(7,349)	(6,848)
Net property, plant and equipment	13,350	13,122
Other Noncurrent Assets
Regulatory assets	1,051	1,040
Operating lease right-of-use assets, net	33	37
Other	265	323
Total other noncurrent assets	1,349	1,400
Total Assets	$16,165	$15,727
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$315	$257
Accounts payable to affiliated companies	85	57
Notes payable to affiliated companies	—	10
Taxes accrued	90	168
Interest accrued	81	59
Current maturities of long-term debt	4	4
Asset retirement obligations	130	164
Regulatory liabilities	259	183
Other	215	183
Total current liabilities	1,179	1,085
Long-Term Debt	4,942	4,644
Long-Term Debt Payable to Affiliated Companies	150	150
Other Noncurrent Liabilities
Deferred income taxes	1,515	1,494
Asset retirement obligations	1,006	1,104
Regulatory liabilities	1,228	1,404
Operating lease liabilities	29	33
Accrued pension and other post-retirement benefit costs	82	82
Investment tax credits	184	186
Other	20	19
Total other noncurrent liabilities	4,064	4,322
Commitments and Contingencies
Equity
Member's equity	5,830	5,526
Total equity	5,830	5,526
Total Liabilities and Equity	$16,165	$15,727

FINANCIAL STATEMENTS

	Nine Months Ended
	September 30,
(in millions)	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$410	$333
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	619	510
Equity component of AFUDC	(24)	(13)
Deferred income taxes	(40)	87
Contributions to qualified pension plans	—	(8)
Payments for asset retirement obligations	(68)	(60)
(Increase) decrease in
Receivables	(56)	36
Receivables from affiliated companies	(1)	1
Inventory	59	2
Other current assets	(74)	36
Increase (decrease) in
Accounts payable	23	(29)
Accounts payable to affiliated companies	28	(74)
Taxes accrued	(78)	(5)
Other current liabilities	89	(25)
Other assets	73	(83)
Other liabilities	(26)	20
Net cash provided by operating activities	934	728
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(841)	(711)
Purchases of debt and equity securities	(59)	(31)
Proceeds from sales and maturities of debt and equity securities	129	22
Notes receivable from affiliated companies	(200)	(117)
Other	(144)	(24)
Net cash used in investing activities	(1,115)	(861)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	297	298
Notes payable to affiliated companies	(10)	(245)
Contributions from parent	—	235
Distributions to parent	(105)	(154)
Other	(1)	(1)
Net cash provided by financing activities	181	133
Net increase (decrease) in cash and cash equivalents	—	—
Cash and cash equivalents at beginning of period	13	8
Cash and cash equivalents at end of period	$13	$8
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$162	$104

FINANCIAL STATEMENTS

	Three Months Ended September 30, 2024 and 2025
Accumulated Other
Comprehensive Income (Loss)
	Member's	Pension and	Total
(in millions)	Equity	OPEB Adjustments	Equity
Balance at June 30, 2024	$5,401	$—	$5,401
Net income	156	—	156
Distributions to parent	(93)	—	(93)
Other	1	—	1
Balance at September 30, 2024	$5,465	$—	$5,465
Balance at June 30, 2025	$5,699	$—	$5,699
Net income	167	—	167
Distributions to parent	(35)	—	(35)
Other	(1)	—	(1)
Balance at September 30, 2025	$5,830	$—	$5,830
	Nine Months Ended September 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	333	—	333
Contributions from parent	235	—	235
Distributions to parent	(113)	—	(113)
Other	(2)	(1)	(3)
Balance at September 30, 2024	$5,465	$—	$5,465
Balance at December 31, 2024	$5,526	$—	$5,526
Net income	410	—	410
Distributions to parent	(105)	—	(105)
Other	(1)	—	(1)
Balance at September 30, 2025	$5,830	$—	$5,830

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.