Fourth Quarter 2023 Earnings Review and Business Update
FFO to Debt Calculation
Duke Energy Corporation
(in millions)
Cash From Operations
Adjust for Working Capital (1)
Coal ash ARO spend
Include Capitalized Interest as cost
Hybrid interest adjustment
Preferred stock adjustment
CR3 securitization adjustment
Storm securitization
Duke Energy Indiana minority interest adjustment
Lease-imputed FFO adjustment (D&A)
Adjustment for Long-term Deferred Fuel Impacts
Funds From Operations
Notes payable and commercial paper
Current maturities of LT debt
LT debt
Less: Purchase Accounting adjustments
CR3 securitization
Storm securitization
Year Ended December 31,
2023
Actual
9,788
1,230
552
(201)
22
(54)
(53)
(51)
(233)
175
(1,477)
9,698
4,288
2,800
72,452
(1,149)
(890)
(933)
(988)
Duke Energy Indiana minority interest sale adjustment
Underfunded Pension
Hybrid debt adjustment
Preferred stock adjustment
Lease imputed debt
Total Balance Sheet Debt (Including ST)
(1) Working capital detail, excluding MTM
224
(500)
981
1,105
77,390
Receivables
Inventory
Other current assets
Accounts payable
Taxes accrued
Other current liabilities
FFO / Debt
463
(706)
(267)
(820)
126
(26)
(1,230)
12.5%View entire presentation