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Condensed Consolidated Statements of Cash Flows - Duke Energy Progress - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 4,614 $ 2,874 $ 2,455
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 6,419 6,084 5,843
Equity component of AFUDC (233) (198) (197)
Impairment of assets and other charges 38 85 434
Deferred income taxes 987 3 (200)
Contributions to qualified pension plans (100) (100) (58)
Payments for asset retirement obligations (545) (632) (584)
Provision for rate refunds (27) (63) (130)
(Increase) decrease in      
Receivables (23) 443 (788)
Inventory (212) (706) (476)
Other current assets 885 (267) (1,498)
Increase (decrease) in      
Accounts payable 1,329 (800) 805
Taxes accrued 32 126 10
Other current liabilities (11) (26) (153)
Other assets (1,170) 914 (1,577)
Other liabilities 451 584 410
Net cash provided by operating activities 12,328 9,878 5,927
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (12,280) (12,604) (11,367)
Purchases of debt and equity securities (5,703) (3,761) (4,243)
Proceeds from sales and maturities of debt and equity securities 5,803 3,824 4,333
Other (1,009) (799) (727)
Net cash used in investing activities (13,123) (12,475) (11,973)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 8,956 10,028 11,874
Payments for the redemption of long-term debt (3,357) (4,737) (4,396)
Other (52) (124) (130)
Net cash provided by financing activities 859 2,351 6,129
Net increase (decrease) in cash, cash equivalents and restricted cash 64 (246) 83
Cash, cash equivalents and restricted cash at beginning of period 357 603 520
Cash, cash equivalents and restricted cash at end of period 421 357 603
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 3,284 2,883 2,361
Cash paid for (received from) income taxes, net (includes transferable tax credit sale proceeds of $558, $28 and $0, respectively) (400) 1 (6)
Significant non-cash transactions:      
Accrued capital expenditures 1,909 1,908 1,766
Duke Energy Progress      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 1,164 998 1,008
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,520 1,460 1,371
Equity component of AFUDC (61) (52) (52)
Impairment of assets and other charges 6 29 7
Deferred income taxes (224) (53) 121
Contributions to qualified pension plans (14) (13) (8)
Payments for asset retirement obligations (197) (249) (193)
Provision for rate refunds (2) (24) (58)
(Increase) decrease in      
Receivables (11) (10) (228)
Receivables from affiliated companies 6 9 58
Inventory (114) (221) (85)
Other current assets 375 (252) (207)
Increase (decrease) in      
Accounts payable 63 (26) 20
Accounts payable to affiliated companies (26) (176) 198
Taxes accrued 217 99 (86)
Other current liabilities 133 13 13
Other assets (426) 173 (416)
Other liabilities 81 29 38
Net cash provided by operating activities 2,490 1,734 1,501
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,803) (2,387) (2,070)
Purchases of debt and equity securities (2,480) (1,406) (1,148)
Proceeds from sales and maturities of debt and equity securities 2,480 1,402 1,138
Other (172) (144) (29)
Net cash used in investing activities (2,975) (2,535) (2,109)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 855 991 1,477
Payments for the redemption of long-term debt (72) (369) (645)
Notes payable to affiliated companies (280) 652 67
Distributions to parent 0 (500) (250)
Other 0 (1) (1)
Net cash provided by financing activities 503 773 648
Net increase (decrease) in cash, cash equivalents and restricted cash 18 (28) 40
Cash, cash equivalents and restricted cash at beginning of period 51 79 39
Cash, cash equivalents and restricted cash at end of period 69 51 79
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 522 447 386
Cash paid for (received from) income taxes, net (includes transferable tax credit sale proceeds of $558, $28 and $0, respectively) 192 73 157
Significant non-cash transactions:      
Accrued capital expenditures $ 374 $ 313 $ 269