PROGRESS ENERGY INC (PGN) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A
Revenues:
Duke Energy Ohio	2,514	2,037	1,870	1,940	1,957	1,923	1,944	1,905
Duke Energy Indiana	3,922	3,174	2,795
Other	22,239	19,275	18,588	22,408	21,800	21,642	20,799	20,466
Total revenues	28,675	24,486	23,253	24,348	23,757	23,565	22,743	22,371
Revenue growth [+]	17.1%	5.3%	-4.5%	2.5%	0.8%	3.6%	1.7%	-0.6%
Duke Energy Ohio	23.4%	8.9%	-3.6%	-0.9%	1.8%	-1.1%	2.0%	-0.4%
Duke Energy Indiana	23.6%	13.6%
Cost of goods sold [+]	20,856	17,413	16,506	18,071	18,154	6,350	6,890	3,194
Oil & gas costs							265	141
Depreciation and amortization								3,053
Gross profit	7,819	7,073	6,747	6,277	5,603	17,215	15,853	19,177
Gross margin	27.3%	28.9%	29.0%	25.8%	23.6%	73.1%	69.7%	85.7%
Selling, general and administrative [+]	1,466	1,355	1,311	1,307	1,280	1,233	1,142	1,129
General and administrative	1,466	1,355	1,311	1,307	1,280	1,233	1,142	1,129
Equity in earnings	113	62	-2,005	162	83	119	-15	69
Other operating expenses	-115	-147	-124	-727	-675	10,047	9,464	12,834
EBITDA [+]	12,424	11,590	9,041	11,035	9,777	10,100	9,112	8,896
EBITDA growth	7.2%	28.2%	-18.1%	12.9%	-3.2%	10.8%	2.4%	3.9%
EBITDA margin	43.3%	47.3%	38.9%	45.3%	41.2%	42.9%	40.1%	39.8%
Depreciation	5,843	5,663	5,486	5,176	4,696	4,046	3,880	3,608
EBITA	6,581	5,927	3,555	5,859	5,081	6,054	5,232	5,288
EBITA margin	23.0%	24.2%	15.3%	24.1%	21.4%	25.7%	23.0%	23.6%
Amortization of intangibles								5
EBIT [+]	6,581	5,927	3,555	5,859	5,081	6,054	5,232	5,283
EBIT growth	11.0%	66.7%	-39.3%	15.3%	-16.1%	15.7%	-1.0%	4.6%
EBIT margin	23.0%	24.2%	15.3%	24.1%	21.4%	25.7%	23.0%	23.6%
Non-recurring items [+]	456	365	989	-12	313	310	45	136
Asset impairment	434	353	978	-8	402	282	18	106
Loss (gain) on sale of assets	22	12	11	-4	-89	28	27	30
Interest expense	2,439	2,207	2,097	2,204	2,094	1,986	1,916	1,527
Interest expense	2,439	2,207	2,097	2,204	2,094	1,986	1,916	1,527
Other income (expense), net [+]	392	636	451	430	399	508	463	290
Other	392	636	451	430	399	508	463	290
Pre-tax income	4,078	3,991	920	4,097	3,073	4,266	3,734	3,910
Income taxes	300	268	-169	519	448	1,196	2,282	1,345
Tax rate	7.4%	6.7%		12.7%	14.6%	28.0%	61.1%	34.4%
Minority interest	-95	-329	-295	-177	-22	5	18	15
Earnings from continuing ops	3,767	3,946	1,277	3,714	2,647	3,065	5,138	2,639
Earnings from discontinued ops	-1,323	-144	-7	-7	19	-6	-408	177
Net income	2,444	3,802	1,270	3,707	2,666	3,059	4,730	2,816
Net margin	8.5%	15.5%	5.5%	15.2%	11.2%	13.0%	20.8%	12.6%

Basic EPS [+]	$4.89	$5.13	$1.73	$5.09	$3.74	$4.38	$7.44	$3.80
Growth	-4.7%	196.1%	-66.0%	36.3%	-14.6%	-41.1%	95.5%	-47.0%
Diluted EPS [+]	$4.89	$5.13	$1.73	$5.09	$3.74	$4.38	$7.44	$3.80
Growth	-4.7%	196.5%	-66.0%	36.3%	-14.6%	-41.1%	95.5%	-47.0%

Dividends per share [+]	$3.98	$3.90	$3.82	$3.75	$3.64	$3.49	$3.36	$3.24
Growth	2.1%	2.1%	1.9%	3.0%	4.3%	3.9%	3.7%	2.5%

Shares outstanding (basic) [+]	770	769	737	729	708	700	691	694
Growth	0.1%	4.3%	1.1%	3.0%	1.1%	1.3%	-0.4%	-1.8%
Shares outstanding (diluted) [+]	770	769	738	729	708	700	691	694
Growth	0.1%	4.2%	1.2%	3.0%	1.1%	1.3%	-0.4%	-1.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.