DUKE ENERGY FLORIDA, LLC

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

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, 2026 · Filed Aug 4, 2026

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)	2026	2025	2026	2025
Operating Revenues	$861	$821	$1,827	$1,679
Operating Expenses
Fuel used in electric generation and purchased power	250	219	620	479
Operation, maintenance and other	189	192	379	387
Depreciation and amortization	202	222	407	414
Property and other taxes	19	17	38	35
Total operating expenses	660	650	1,444	1,315
Operating Income	201	171	383	364
Other Income and Expenses, net	12	21	23	31
Interest Expense	75	57	139	116
Income Before Income Taxes	138	135	267	279
Income Tax Expense	19	18	37	36
Net Income and Comprehensive Income	$119	$117	$230	$243

FINANCIAL STATEMENTS

(in millions)	June 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$16	$12
Receivables (net of allowance for doubtful accounts of $16 at 2026 and $15 at 2025)	445	458
Receivables from affiliated companies	30	25
Notes receivable from affiliated companies	184	—
Inventory (includes $382 at 2026 related to VIEs)	590	531
Regulatory assets	215	193
Other	117	36
Total current assets	1,597	1,255
Property, Plant and Equipment
Cost (includes $61 at 2026 related to VIEs)	22,039	21,241
Accumulated depreciation and amortization	(7,739)	(7,492)
Net property, plant and equipment	14,300	13,749
Other Noncurrent Assets
Regulatory assets	975	1,032
Operating lease right-of-use assets, net	30	32
Other	245	278
Total other noncurrent assets	1,250	1,342
Total Assets	$17,147	$16,346
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (includes $191 at 2026 related to VIEs)	$458	$360
Accounts payable to affiliated companies	75	38
Notes payable to affiliated companies	—	175
Taxes accrued	98	101
Interest accrued	71	62
Current maturities of long-term debt	27	4
Asset retirement obligations	144	133
Regulatory liabilities	226	275
Other	125	216
Total current liabilities	1,224	1,364
Long-Term Debt	5,523	4,939
Long-Term Debt Payable to Affiliated Companies	150	150
Other Noncurrent Liabilities
Deferred income taxes	1,546	1,525
Asset retirement obligations	973	992
Regulatory liabilities	1,141	1,185
Operating lease liabilities	25	28
Accrued pension and other post-retirement benefit costs	78	75
Investment tax credits	180	183
Other	28	14
Total other noncurrent liabilities	3,971	4,002
Commitments and Contingencies
Equity
Member's equity	6,279	5,891
Total equity	6,279	5,891
Total Liabilities and Equity	$17,147	$16,346

FINANCIAL STATEMENTS

	Six Months Ended
	June 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$230	$243
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	408	416
Equity component of AFUDC	(16)	(15)
Deferred income taxes	(28)	(31)
Payments for asset retirement obligations	(34)	(42)
(Increase) decrease in
Receivables	19	(45)
Receivables from affiliated companies	(5)	1
Inventory	(59)	36
Other current assets	(83)	(81)
Increase (decrease) in
Accounts payable	(4)	65
Accounts payable to affiliated companies	37	10
Taxes accrued	(8)	(86)
Other current liabilities	15	53
Other assets	75	78
Other liabilities	(13)	(17)
Net cash provided by operating activities	534	585
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(767)	(526)
Purchases of debt and equity securities	(15)	(49)
Proceeds from sales and maturities of debt and equity securities	15	121
Notes receivable from affiliated companies	(184)	(235)
Other	(57)	(116)
Net cash used in investing activities	(1,008)	(805)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	496	297
Notes payable to affiliated companies	(175)	(10)
Contributions from parent	225	—
Distributions to parent	(67)	(70)
Other	(1)	(1)
Net cash provided by financing activities	478	216
Net increase (decrease) in cash and cash equivalents	4	(4)
Cash and cash equivalents at beginning of period	12	13
Cash and cash equivalents at end of period	$16	$9
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$340	$170

FINANCIAL STATEMENTS

	Three Months Ended
	June 30, 2025 and 2026
(in millions)	Member's Equity
Balance at March 31, 2025	$5,619
Net income	117
Distributions to parent	(37)
Balance at June 30, 2025	$5,699
Balance at March 31, 2026	$5,969
Net income	119
Contributions from parent	225
Distributions to parent	(34)
Balance at June 30, 2026	$6,279
	Six Months Ended
	June 30, 2025 and 2026
(in millions)	Member's Equity
Balance at December 31, 2024	$5,526
Net income	243
Distributions to parent	(70)
Balance at June 30, 2025	$5,699
Balance at December 31, 2025	$5,891
Net income	230
Contributions from parent	225
Distributions to parent	(67)
Balance at June 30, 2026	$6,279

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.