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Item 6. Selected Financial Data.(d)

		2003(b)			2002			2001			2000			1999
		(in millions, except per share amounts)
Statement of Operations
Operating revenues		$	22,529		$	16,189		$	18,415		$	16,228		$	9,909
Operating expenses			23,154			13,482			14,728			13,112			8,337
(Losses) gains on sales of other    assets, net			(199)			32			238			214			132
Operating (loss) income			(824)			2,739			3,925			3,330			1,704
Other income and expenses, net			556			379			311			707			314
Interest expense			1,380			1,097			760			887			583
Minority interest expense			64			115			327			306			141
(Loss) earnings from continuing    operations before income taxes			(1,712)			1,906			3,149			2,844			1,294
Income tax (benefit) expense    from continuing operations			(707)			611			1,150			1,036			456
(Loss) income from continuing    operations			(1,005)			1,295			1,999			1,808			838
(Loss) income from discontinued    operations, net of tax			(156)			(261)			(5)			(32)			9
(Loss) income before extraordinary    item and cumulative effect of    change in accounting principle			(1,161)			1,034			1,994			1,776			847
Extraordinary gain, net of tax			—			—			—			—			660
Cumulative effect of change in    accounting principle, net of tax    and minority interest			(162)			—			(96)			—			—
Net (loss) income			(1,323)			1,034			1,898			1,776			1,507
Dividends and premiums on    redemption of preferred and    preference stock			15			13			14			19			20
(Loss) earnings available for    common stockholders		$	(1,338)		$	1,021		$	1,884		$	1,757		$	1,487
Ratio of Earnings to Fixed Charges			—(c)			2.2			3.9			3.7			2.8
Common Stock Data(a)
Shares of common stock outstanding
Year-end			911			895			777			739			733
Weighted average			903			836			767			736			729
(Loss) earnings per share    (from continuing operations)
Basic		$	(1.13)		$	1.53		$	2.59		$	2.43		$	1.12
Diluted			(1.13)			1.53			2.57			2.42			1.12
(Loss) earnings per share    (from discontinued operations)
Basic		$	(0.17)		$	(0.31)		$	(0.01)		$	(0.04)		$	0.01
Diluted			(0.17)			(0.31)			(0.01)			(0.04)			0.01
(Loss) earnings per share    (before extraordinary item and    cumulative effect of change in    accounting principle)
Basic		$	(1.30)		$	1.22		$	2.58		$	2.39		$	1.13
Diluted			(1.30)			1.22			2.56			2.38			1.13
(Loss) earnings per share
Basic		$	(1.48)		$	1.22		$	2.45		$	2.39		$	2.04
Diluted			(1.48)			1.22			2.44			2.38			2.03
Dividends per share			1.10			1.10			1.10			1.10			1.10
Balance Sheet
Total assets		$	56,203		$	60,122		$	49,624		$	59,276		$	34,388
Long-term debt, less current maturities			20,622			20,221			12,321			10,717			8,683

(a) Amounts prior to 2001 were restated to reflect the two-for-one common stock split effective January 26, 2001.

(b) As of January 1, 2003, Duke Energy adopted the remaining provisions of Emerging Issues Task Force Issue No. 02-03, "Issues Involved in Accounting for Derivative Contracts Held for Trading Purposes and for Contracts Involved in Energy Trading and Risk Management Activities" and Statement of Financial Accounting Standards No. 143, "Accounting for Asset Retirement Obligations." In accordance with the transition guidance for these standards, Duke Energy recorded a net-of-tax and minority interest cumulative effect adjustment for change in accounting principles. See Note 1 to the Consolidated Financial Statements, "Summary of Significant Accounting Policies," for further discussion.

(c) Earnings were inadequate to cover fixed charges by $1,706 million for the year ended December 31, 2003.

(d) Certain amounts have been reclassified. See Note 1 to the Consolidated Financial Statements.