DUKE ENERGY FLORIDA, LLC

For the period ended Sep 30, 2026. Filed Nov 5, 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.

Sep 30, 2026 · Filed Nov 5, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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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)	2026	2025	2026	2025
Operating Revenues	$1,108	$992	$2,935	$2,671
Operating Expenses
Fuel used in electric generation and purchased power	380	324	1,000	803
Operation, maintenance and other	136	214	515	601
Depreciation and amortization	224	203	631	617
Property and other taxes	10	9	48	44
Total operating expenses	750	750	2,194	2,065
Operating Income	358	242	741	606
Other Income and Expenses, net	10	15	33	46
Interest Expense	81	66	220	182
Income Before Income Taxes	287	191	554	470
Income Tax Expense	38	24	75	60
Net Income and Comprehensive Income	$249	$167	$479	$410

FINANCIAL STATEMENTS

(in millions)	September 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$16	$12
Receivables (net of allowance for doubtful accounts of $18 at 2026 and $15 at 2025)	512	458
Receivables from affiliated companies	31	25
Inventory (includes $402 at 2026 related to VIEs)	613	531
Regulatory assets	217	193
Other	157	36
Total current assets	1,546	1,255
Property, Plant and Equipment
Cost (includes $522 at 2026 related to VIEs)	22,387	21,241
Accumulated depreciation and amortization	(7,827)	(7,492)
Net property, plant and equipment	14,560	13,749
Other Noncurrent Assets
Regulatory assets	901	1,032
Operating lease right-of-use assets, net	28	32
Other	285	278
Total other noncurrent assets	1,214	1,342
Total Assets	$17,320	$16,346
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (includes $155 at 2026 related to VIEs)	$467	$360
Accounts payable to affiliated companies	115	38
Notes payable to affiliated companies	62	175
Taxes accrued	73	101
Interest accrued	83	62
Current maturities of long-term debt	27	4
Asset retirement obligations	108	133
Regulatory liabilities	178	275
Other	120	216
Total current liabilities	1,233	1,364
Long-Term Debt	5,531	4,939
Long-Term Debt Payable to Affiliated Companies	150	150
Other Noncurrent Liabilities
Deferred income taxes	1,648	1,525
Asset retirement obligations	874	992
Regulatory liabilities	1,079	1,185
Operating lease liabilities	24	28
Accrued pension and other post-retirement benefit costs	79	75
Investment tax credits	178	183
Other	31	14
Total other noncurrent liabilities	3,913	4,002
Commitments and Contingencies
Equity
Member's equity	6,493	5,891
Total equity	6,493	5,891
Total Liabilities and Equity	$17,320	$16,346

FINANCIAL STATEMENTS

	Nine Months Ended
	September 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$479	$410
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	634	619
Equity component of AFUDC	(23)	(24)
Deferred income taxes	50	(40)
Payments for asset retirement obligations	(53)	(68)
(Increase) decrease in
Receivables	(38)	(56)
Receivables from affiliated companies	(6)	(1)
Inventory	(80)	59
Other current assets	(125)	(74)
Increase (decrease) in
Accounts payable	1	23
Accounts payable to affiliated companies	77	28
Taxes accrued	(28)	(78)
Other current liabilities	(10)	89
Other assets	49	73
Other liabilities	(29)	(26)
Net cash provided by operating activities	898	934
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(1,301)	(841)
Purchases of debt and equity securities	(16)	(59)
Proceeds from sales and maturities of debt and equity securities	16	129
Notes receivable from affiliated companies	—	(200)
Other	(98)	(144)
Net cash used in investing activities	(1,399)	(1,115)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	496	297
Notes payable to affiliated companies	(113)	(10)
Contributions from parent	225	—
Distributions to parent	(102)	(105)
Other	(1)	(1)
Net cash provided by financing activities	505	181
Net increase (decrease) in cash and cash equivalents	4	—
Cash and cash equivalents at beginning of period	12	13
Cash and cash equivalents at end of period	$16	$13
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$342	$162

FINANCIAL STATEMENTS

	Three Months Ended
	September 30, 2025 and 2026
(in millions)	Member's Equity
Balance at June 30, 2025	$5,699
Net income	167
Distributions to parent	(35)
Other	(1)
Balance at September 30, 2025	$5,830
Balance at June 30, 2026	$6,279
Net income	249
Distributions to parent	(35)
Balance at September 30, 2026	$6,493
	Nine Months Ended
	September 30, 2025 and 2026
(in millions)	Member's Equity
Balance at December 31, 2024	$5,526
Net income	410
Distributions to parent	(105)
Other	(1)
Balance at September 30, 2025	$5,830
Balance at December 31, 2025	$5,891
Net income	479
Contributions from parent	225
Distributions to parent	(102)
Balance at September 30, 2026	$6,493

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.