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Condensed Consolidated Statements of Cash Flows - Duke Energy Florida - 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)
Gains on sales of other assets (26) (52) (22)
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      
Net realized and unrealized mark-to-market and hedging transactions (103) (18) 19
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
Proceeds from the sales of other assets 49 149 83
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 Florida      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 1,061 1,016 909
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 1,239 1,260 1,032
Equity component of AFUDC (13) (15) (16)
Impairment of assets and other charges 0 (1) 4
Deferred income taxes 265 (89) 285
Contributions to qualified pension plans (9) (9) (5)
Payments for asset retirement obligations (82) (80) (98)
(Increase) decrease in      
Receivables 37 30 (93)
Receivables from affiliated companies 217 (236) 14
Inventory (58) (101) (98)
Other current assets (456) 496 (640)
Increase (decrease) in      
Accounts payable 803 (241) 202
Accounts payable to affiliated companies (68) (42) (32)
Taxes accrued (129) 132 2
Other current liabilities 37 3 62
Other assets (312) 163 (704)
Other liabilities 38 101 18
Net cash provided by operating activities 2,570 2,387 842
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,449) (2,529) (2,247)
Purchases of debt and equity securities (223) (184) (193)
Proceeds from sales and maturities of debt and equity securities 330 261 279
Other (292) (185) (108)
Net cash used in investing activities (2,634) (2,637) (2,269)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 279 1,564 1,298
Payments for the redemption of long-term debt (395) (879) (77)
Notes payable to affiliated companies 314 (453) 406
Distributions to parent (125) 0 (175)
Other (1) (1) (1)
Net cash provided by financing activities 72 231 1,451
Net increase (decrease) in cash, cash equivalents and restricted cash 8 (19) 24
Cash, cash equivalents and restricted cash at beginning of period 67 86 62
Cash, cash equivalents and restricted cash at end of period 75 67 86
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 442 394 339
Cash paid for (received from) income taxes, net (includes transferable tax credit sale proceeds of $558, $28 and $0, respectively) 270 219 (83)
Significant non-cash transactions:      
Accrued capital expenditures $ 371 $ 493 $ 394