Fourth Quarter 2023 Earnings Review and Business Update
SEGMENT INCOME (LOSS)
Electric Utilities and Infrastructure
Gas Utilities and Infrastructure
Total Reportable Segment Income
Other
Intercompany Eliminations
Discontinued Operations
DUKE ENERGY CORPORATION
REPORTED TO ADJUSTED EARNINGS RECONCILIATION
Year Ended December 31, 2022
(Dollars in millions, except per share amounts)
Net Income Available to Duke Energy Corporation Common Stockholders
EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS
Special Items
Reported
Earnings
Regulatory
Matters and
Litigation
Workplace
and
Workforce
Realignment
Discontinued
Operations
Total
Adjustments
Adjusted
Earnings
$
3,929
$
276 A $
$
$
276
$ 4,205
468
468
4,397
276
276
4,673
(737)
19 B
105 C
124
(613)
(1)
(1,215)
1
1
1,215 D
1,215
$
2,444
$
295 $
105 $
1,216 $
1,616 $
4,060
$
3.17 $
0.39 $
0.14 $
1.57 $
2.10 $
5.27
A - Net of $122 million tax benefit. $386 million recorded within Impairment of assets and other charges, $46 million within Regulated electric (Operating revenues) and $34 million within
Noncontrolling Interests related to the Duke Energy Indiana court rulings on the Consolidated Statements of Operations.
B-Net of $6 million tax benefit. $25 million recorded within Operations, maintenance and other related to litigation on the Consolidated Statements of Operations.
C Net of $31 million tax benefit. $72 million recorded within Impairment of assets and other charges, $71 million recorded within Operations, maintenance and other and a $7 million gain recorded in
Gains on sales of other assets and other related to costs attributable to business transformation, including long-term real estate strategy changes and workforce realignment on the Consolidated
Statements of Operations.
D - Recorded in Loss from Discontinued Operations, net of tax, and Net (Income) Loss Attributable to Noncontrolling Interests on the Consolidated Statements of Operations.
Weighted Average Shares (reported and adjusted) - 770 millionView entire presentation