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| Consolidated Statements of Cash Flows |  Excel Format  Print |
| Years Ended December 31 | |||||||||
| (In millions) | 2005 | 2004 | 2003 | ||||||
| Cash Flows from Operating Activities | |||||||||
| Net income (loss) | $ | 1,824 | $ | 1,490 | $ | (1,323 | ) | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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| Depreciation and amortization (including amortization of nuclear fuel) |
1,884 | 2,037 | 1,987 | ||||||
| Cumulative effect of change in accounting principle | 4 | — | 162 | ||||||
| Gains on sales of investments in commercial and multi-family real estate |
(191 | ) | (201 | ) | (103 | ) | |||
| Gains on sales of equity investments and other assets | (1,646 | ) | (193 | ) | (86 | ) | |||
| Impairment charges | 36 | 194 | 3,495 | ||||||
| Deferred income taxes | 282 | 867 | (534 | ) | |||||
| Minority interest | 538 | 195 | 61 | ||||||
| Equity in earnings of unconsolidated affiliates | (479 | ) | (161 | ) | (123 | ) | |||
| Purchased capacity levelization | (14 | ) | 92 | 194 | |||||
| Contribution to company-sponsored pension plans | (45 | ) | (279 | ) | (194 | ) | |||
| (Increase) decrease in: | |||||||||
| Net realized and unrealized mark-to-market and hedging transactions |
468 | 216 | (15 | ) | |||||
| Receivables | (255 | ) | (231 | ) | 1,188 | ||||
| Inventory | (80 | ) | (48 | ) | (30 | ) | |||
| Other current assets | (944 | ) | (33 | ) | (104 | ) | |||
| Increase (decrease) in: | |||||||||
| Accounts payable | 81 | (5 | ) | (1,047 | ) | ||||
| Taxes accrued | 53 | 188 | (168 | ) | |||||
| Other current liabilities | 622 | 91 | 70 | ||||||
| Capital expenditures for residential real estate | (355 | ) | (322 | ) | (196 | ) | |||
| Cost of residential real estate sold | 294 | 268 | 167 | ||||||
| Other, assets | 191 | (155 | ) | (162 | ) | ||||
| Other, liabilities | 533 | 158 | 165 | ||||||
| Net cash provided by operating activities | 2,801 | 4,168 | 3,404 | ||||||
Cash Flows from Investing Activities |
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| Capital expenditures | (2,309 | ) | (2,161 | ) | (2,260 | ) | |||
| Investment expenditures, net of refund | (43 | ) | (46 | ) | (153 | ) | |||
| Acquisitions, net of cash acquired | (294 | ) | — | — | |||||
| Purchases of available-for-sale securities | (41,073 | ) | (65,929 | ) | (40,451 | ) | |||
| Proceeds from sales and maturites of available-for-sale securities |
40,887 | 65,098 | 40,004 | ||||||
| Net proceeds from the sales of and distributions from equity investments and other assets, and sales of and collections on notes receivable |
2,375 | 1,619 | 1,976 | ||||||
| Proceeds from the sales of commercial and multi-family real estate |
372 | 606 | 314 | ||||||
| Settlement of net investment hedges and other investing derivatives |
(321 | ) | — | — | |||||
| Distributions from equity investments | 383 | — | — | ||||||
| Other | (86) | 20 | (106 | ) | |||||
| Net cash used in investing activities | (109 | ) | (793 | ) | (676 | ) | |||
Cash Flows from Financing Activities |
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| Proceeds from the: | |||||||||
| Issuance of long-term debt | 543 | 153 | 3,009 | ||||||
| Issuance of common stock and common stock related to employee benefit plans |
41 | 1,704 | 277 | ||||||
| Payments for the redemption of: | |||||||||
| Long-term debt | (1,346 | ) | (3,646 | ) | (2,849 | ) | |||
| Preferred stock of a subsidiary | — | (176 | ) | (38 | ) | ||||
| Preferred and preference stock | (134 | ) | — | ||||||
| Guaranteed preferred beneficial interests in subordinated notes |
— | — | (250 | ) | |||||
| Notes payable and commercial paper | 165 | (67 | ) | (1,702 | ) | ||||
| Distributions to minority interests | (861 | ) | (1,477 | ) | (2,508 | ) | |||
| Contributions from minority interests | 779 | 1,277 | 2,432 | ||||||
| Dividends paid | (1,105 | ) | (1,065 | ) | (1,051 | ) | |||
| Repurchase of common shares | (933 | ) | — | — | |||||
| Proceeds from Duke Energy Income Fund | 110 | — | — | ||||||
| Other | 24 | 19 | 23 | ||||||
| Net cash used in financing activities | (2,717 | ) | (3,278 | ) | (2,657 | ) | |||
| Changes in cash and cash equivalents included in assets held for sale |
3 | 39 | (55 | ) | |||||
| Net (decrease) increase in cash and cash equivalents | (22 | ) | 136 | 16 | |||||
| Cash and cash equivalents at beginning of period | 533 | 397 | 381 | ||||||
| Cash and cash equivalents at end of period | $ | 511 | $ | 533 | $ | 397 | |||
Supplemental Disclosures |
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| Cash paid for interest, net of amount capitalized | $ | 1,089 | $ | 1,323 | $ | 1,324 | |||
| Cash paid (refunded) for income taxes | $ | 546 | $ | (339 | ) | $ | (18 | ) | |
| Significant non-cash transactions: | |||||||||
| Transfer of DEFS Canadian facilities | $ | 97 | $ | — | $ | — | |||
| AFUDC–equity component | $ | 30 | $ | 25 | $ | 74 | |||
| Conversion of convertible notes to stock | $ | 28 | $ | — | $ | — | |||
| Debt retired in connection with disposition of businesses | $ | — | $ | 840 | $ | 387 | |||
| Note receivable from sale of southeastern plants | $ | — | $ | 48 | $ | — | |||
| Remarketing of senior notes | $ | — | $ | 1,625 | $ | — | |||
