Company: Duke Energy Corporation
Ticker: DUK
Form: 10-K
Filed: 2026-02-26
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Duke Energy Corporation's operating cash flow in fiscal year 2025?
Question Type: value_lookup

Concept: NetCashProvidedByUsedInOperatingActivities
Answer (Numeric): 12330.0
Answer (Display): $12,330 million
Unit: USD millions

Evidence:
[{"chunk_id": "161", "equivalent_chunk_ids": ["161"], "section": "Sources and Uses of Cash", "supports": ["main"], "text": "Cash Flow Information\nThe following table summarizes Duke Energy’s cash flows for the two most recently completed fiscal years.\nYears Ended December 31,\n(in millions)\nCash flows provided by (used in):\nOperating activities\n12,330\n12,328\nInvesting activities\n(14,338)\n(13,123)\nFinancing activities\n1,950\nNet (decrease) increase in cash, cash equivalents and restricted cash\n(58)\nCash, cash equivalents and restricted cash at beginning of period\nCash, cash equivalents and restricted cash at end of period\nMD&A\nLIQUIDITY AND CAPITAL RESOURCES\nOPERATING CASH FLOWS\nThe following table summarizes key components of Duke Energy’s operating cash flows for the two most recently completed fiscal years.\nYears Ended December 31,\n(in millions)\nVariance\nNet income\n5,071\n4,614\nNon-cash adjustments to net income\n8,484\n7,208\n1,276\nContributions to qualified pension plans\n(100)\nPayments for AROs\n(509)\n(545)\nWorking capital\n(886)\n1,853\n(2,739)\nOther assets and Other liabilities\n(702)\nNet cash provided by operating activities\n12,330\n12,328\nThe variance was driven primarily by:\na $1,733 million increase in net income, after adjustment for non-cash items, primarily due to recovery of growing infrastructure investments to serve customers, including Duke Energy Florida's storm recovery surcharge, and higher cash proceeds from the sale of tax credits, partially offset by higher operation and maintenance expense, interest expense and property taxes; and\na $36 million decrease in ARO payments.\nPartially offset by:\na $1,767 million decrease in cash inflow due to net working capital and changes in other assets and liabilities, primarily due to lower recovery of deferred fuel costs and the timing of accruals and payments, including higher current year payments related to restoration activities from the 2024 storm season.\nINVESTING CASH FLOWS\nThe following table summarizes key components of Duke Energy’s investing cash flows for the two most recently completed fiscal years.\nYears Ended December 31,\n(in millions)\nVariance\nCapital, investment and acquisition expenditures, net of return of investment capital\n(14,002)\n(12,263)\n(1,739)\nDebt and equity securities, net\nProceeds from the sales of Commercial Renewables Disposal Groups and other assets, net of cash divested\nOther investing items\n(1,079)\n(1,009)\n(70)\nNet cash used in investing activities\n(14,338)\n(13,123)\n(1,215)\nThe variance is driven by higher capital expenditures within the EU&I segment, partially offset by proceeds received in the current year from the sale of the Commercial Renewables Disposal Groups."}]

Derivation: