Fourth Quarter 2023 Earnings Review and Business Update slide image

Fourth Quarter 2023 Earnings Review and Business Update

FFO to Debt Calculation Duke Energy Florida (in millions) Year Ended December 31, 2023 Actual Cash From Operations Adjust for Working Capital (1) 2,387 (41) Include Capitalized Interest as cost (6) CR3 securitization adjustment (53) Lease-imputed FFO adjustment (D&A) 61 Adjustment for Long-term Deferred Fuel Impacts (295) Funds From Operations 2,053 Notes payable to affiliated companies 152 589 Current maturities of LT debt LT debt Adjust for CR3 Underfunded Pension 9,812 (890) 31 300 Lease imputed debt Total Balance Sheet Debt (Including ST) (1) Working capital detail, excluding MTM Receivables Receivables from affiliates Inventory Other current assets Accounts payable Accounts payable to affiliates Taxes accrued Other current liabilities 9,994 30 (236) (101) 496 (241) (42) 132 3 41 FFO / Debt 21%
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