DUKE ENERGY FLORIDA, LLC
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
DUK$128.94+0.7%Stored close · as of Nov 10, 2026
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Duke Energy Indiana, LLC Financial Statements
FINANCIAL STATEMENTS
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in millions) | 2026 | 2025 |
| Operating Revenues | $966 | $858 |
| Operating Expenses | ||
| Fuel used in electric generation and purchased power | 370 | 260 |
| Operation, maintenance and other | 190 | 195 |
| Depreciation and amortization | 205 | 192 |
| Property and other taxes | 19 | 18 |
| Total operating expenses | 784 | 665 |
| Operating Income | 182 | 193 |
| Other Income and Expenses, net | 11 | 10 |
| Interest Expense | 64 | 59 |
| Income Before Income Taxes | 129 | 144 |
| Income Tax Expense | 18 | 18 |
| Net Income and Comprehensive Income | $111 | $126 |
FINANCIAL STATEMENTS
| (in millions) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $18 | $12 |
| Receivables (net of allowance for doubtful accounts of $16 at 2026 and $15 at 2025) | 469 | 458 |
| Receivables from affiliated companies | 24 | 25 |
| Notes receivable from affiliated companies | 239 | — |
| Inventory (includes $387 at 2026 related to VIEs) | 550 | 531 |
| Regulatory assets | 198 | 193 |
| Other | 86 | 36 |
| Total current assets | 1,584 | 1,255 |
| Property, Plant and Equipment | ||
| Cost | 21,513 | 21,241 |
| Accumulated depreciation and amortization | (7,604) | (7,492) |
| Net property, plant and equipment | 13,909 | 13,749 |
| Other Noncurrent Assets | ||
| Regulatory assets | 1,009 | 1,032 |
| Operating lease right-of-use assets, net | 32 | 32 |
| Other | 242 | 278 |
| Total other noncurrent assets | 1,283 | 1,342 |
| Total Assets | $16,776 | $16,346 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable (includes $109 at 2026 related to VIEs) | $348 | $360 |
| Accounts payable to affiliated companies | 90 | 38 |
| Notes payable to affiliated companies | — | 175 |
| Taxes accrued | 108 | 101 |
| Interest accrued | 81 | 62 |
| Current maturities of long-term debt | 4 | 4 |
| Asset retirement obligations | 138 | 133 |
| Regulatory liabilities | 259 | 275 |
| Other | 217 | 216 |
| Total current liabilities | 1,245 | 1,364 |
| Long-Term Debt | 5,436 | 4,939 |
| Long-Term Debt Payable to Affiliated Companies | 150 | 150 |
| Other Noncurrent Liabilities | ||
| Deferred income taxes | 1,536 | 1,525 |
| Asset retirement obligations | 979 | 992 |
| Regulatory liabilities | 1,163 | 1,185 |
| Operating lease liabilities | 26 | 28 |
| Accrued pension and other post-retirement benefit costs | 76 | 75 |
| Investment tax credits | 182 | 183 |
| Other | 14 | 14 |
| Total other noncurrent liabilities | 3,976 | 4,002 |
| Commitments and Contingencies | ||
| Equity | ||
| Member's equity | 5,969 | 5,891 |
| Total equity | 5,969 | 5,891 |
| Total Liabilities and Equity | $16,776 | $16,346 |
FINANCIAL STATEMENTS
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in millions) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $111 | $126 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization and accretion | 206 | 192 |
| Equity component of AFUDC | (9) | (7) |
| Deferred income taxes | (13) | (16) |
| Payments for asset retirement obligations | (20) | (18) |
| (Increase) decrease in | ||
| Receivables | (6) | (45) |
| Receivables from affiliated companies | 1 | — |
| Inventory | (19) | 46 |
| Other current assets | (64) | (37) |
| Increase (decrease) in | ||
| Accounts payable | 41 | 9 |
| Accounts payable to affiliated companies | 52 | 28 |
| Taxes accrued | 5 | (63) |
| Other current liabilities | 27 | 8 |
| Other assets | 51 | 79 |
| Other liabilities | (9) | (27) |
| Net cash provided by operating activities | 354 | 275 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (364) | (234) |
| Purchases of debt and equity securities | (9) | (39) |
| Proceeds from sales and maturities of debt and equity securities | 9 | 112 |
| Notes receivable from affiliated companies | (239) | — |
| Other | (32) | (94) |
| Net cash used in investing activities | (635) | (255) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from the issuance of long-term debt | 496 | — |
| Notes payable to affiliated companies | (175) | 10 |
| Distributions to parent | (33) | (33) |
| Other | (1) | (1) |
| Net cash provided by (used in) financing activities | 287 | (24) |
| Net increase (decrease) in cash and cash equivalents | 6 | (4) |
| Cash and cash equivalents at beginning of period | 12 | 13 |
| Cash and cash equivalents at end of period | $18 | $9 |
| Supplemental Disclosures: | ||
| Significant non-cash transactions: | ||
| Accrued capital expenditures | $185 | $146 |
FINANCIAL STATEMENTS
| Three Months Ended | |
|---|---|
| March 31, 2025 and 2026 | |
| (in millions) | Member's Equity |
| Balance at December 31, 2024 | $5,526 |
| Net income | 126 |
| Distributions to parent | (33) |
| Balance at March 31, 2025 | $5,619 |
| Balance at December 31, 2025 | $5,891 |
| Net income | 111 |
| Distributions to parent | (33) |
| Balance at March 31, 2026 | $5,969 |
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