Financial Highlights (a, b)

(In millions, except per-share amounts)   2009     2008     2007     2006     2005  
Statement of Operations                              
Total operating revenues $ 12,731   $ 13,207   $ 12,720   $ 10,607   $ 6,906  
Total operating expenses   10,518     10,765     10,222     9,210     5,586  
Gains on sales of investments in commercial and multi-family real estate               201     191  
Gains (losses) on sales of other assets and other, net   36     69     (5 )   223     (55 )
Operating income   2,249     2,511     2,493     1,821     1,456  
Total other income and expenses   333     121     428     354     217  
Interest expense   751     741     685     632     381  
Income from continuing operations before income taxes   1,831     1,891     2,236     1,543     1,292  
Income tax expense from continuing operations   758     616     712     450     375  
Income from continuing operations   1,073     1,275     1,524     1,093     917  
Income (loss) from discontinued operations, net of tax   12     16     (22 )   783     935  
Income before cumulative effect of change in accounting principle and extraordinary items   1,085     1,291     1,502     1,876     1,852  
Cumulative effect of change in accounting principle, net of tax and noncontrolling interest                   (4 )
Extraordinary items, net of tax       67              
Net income   1,085     1,358     1,502     1,876     1,848  
Dividends and premiums on redemption of preferred and preference stock                   12  
Net income (loss) attributable to noncontrolling interests   10     (4 )   2     13     24  
Net income attributable to Duke Energy Corporation $ 1,075   $ 1,362   $ 1,500   $ 1,863   $ 1,812  
Ratio of Earnings to Fixed Charges   3.0     3.4     3.7     2.6     2.4  
Common Stock Data                              
Shares of common stock outstanding (c)                              
Year-end   1,309     1,272     1,262     1,257     928  
Weighted average — basic   1,293     1,265     1,260     1,170     934  
Weighted average — diluted   1,294     1,267     1,265     1,188     970  
Income from continuing operations attributable to Duke Energy Corporation common shareholders                              
Basic $ 0.82   $ 1.01   $ 1.21   $ 0.92   $ 0.94  
Diluted   0.82     1.01     1.20     0.91     0.92  
Income (loss) from discontinued operations attributable to Duke Energy Corporation common shareholders                              
Basic $ 0.01   $ 0.02   $ (0.02 ) $ 0.67   $ 1.00  
Diluted   0.01     0.01     (0.02 )   0.66     0.96  
Earnings per share (before cumulative effect of change in accounting principle and extraordinary items)                              
Basic $ 0.83   $ 1.03   $ 1.19   $ 1.59   $ 1.94  
Diluted   0.83     1.02     1.18     1.57     1.88  
Earnings per share (from extraordinary items)                              
Basic $   $ 0.05   $   $   $  
Diluted       0.05              
Net income attributable to Duke Energy Corporation common shareholders                              
Basic $ 0.83   $ 1.08   $ 1.19   $ 1.59   $ 1.94  
Diluted   0.83     1.07     1.18     1.57     1.88  
Dividends per share (d)   0.94     0.90     0.86     1.26     1.17  

Balance Sheet
                             
Total assets $ 57,040   $ 53,077   $ 49,686   $ 68,700   $ 54,723  
Long-term debt including capital leases, less current maturities $ 16,113   $ 13,250   $ 9,498   $ 18,118   $ 14,547  

(a) Significant transactions reflected in the results above include: 2009 impairment of goodwill and other assets (see Note 11 to the Consolidated Financial Statements, “Goodwill and Intangible Assets”), 2007 spinoff of the natural gas businesses (see Note 1 to the Consolidated Financial Statements, “Summary of Significant Accounting Policies”), 2006 merger with Cinergy, 2006 Crescent joint venture transaction and subsequent deconsolidation effective Sept. 7, 2006, 2005 DENA disposition, 2005 deconsolidation of DCP Midstream effective July 1, 2005, and 2005 Duke Energy Field Services, LLC (DEFS) sale of Texas Eastern Products Pipeline Company, LLC (TEPPCO).
(b) Periods prior to 2009 have been recast to reflect the adoption of the noncontrolling interest presentation provisions of Accounting Standards Codification 810 – Consolidation, which was adopted by Duke Energy effective Jan. 1, 2009.
(c) 2006 increase primarily attributable to issuance of approximately 313 million shares in connection with Duke Energy’s merger with Cinergy.
(d) 2007 decrease due to the spinoff of the natural gas businesses to shareholders on Jan. 2, 2007, as dividends subsequent to the spinoff were split proportionately between Duke Energy and Spectra Energy, such that the sum of the dividends of the two stand-alone companies approximated the former total dividend of Duke Energy prior to the spinoff.

See Notes to Consolidated Financial Statements in Duke Energy’s 2009 Form 10-K.