1. Below you can find the three basic statements contained in the annual report are the balance sheet, the income statement, and the statement of cash flows. First Generate the statement of stockholders equity, then examine these statements and determine the following (for the 2 consecutive years), and comment on each of them:

1- Operating current assets

2- Operating current liabilities

3- Long term assets

4- Long term liabilities

5- Owner equity

6- Net operating working capital

7- Operating long-term assets

8- Total net operating capital

9- NOPAT is net operating profit after taxes.

10- Return on Invested Capital (ROIC)

11- Free cash flow (FCF)

12- Market Value Added (MVA)

13- Economic Value Added (EVA)

1. Begin Ratio Analysis

Compute the following set of ratios (for the 2 consecutive years), and comment on each of them:

1- Liquidity ratios

2- Asset Management Ratios

3- Debt Management Ratios

4- Profitability Ratios

5- Market Value Ratios

1. Perform the following (for the 2 consecutive years), and comment on each of them:

1- Trend Analysis,

2- Common Size Analysis, and

3- Percentage Change Analysis

Duke Energy Financial Analysis

1. Financial Statements

Balance Sheet	12/31/2022	12/31/2021
Assets
Cash & Equivalents	409	343
Receivables	4,415	3,610
Notes Receivable	0	0
Inventories	3,584	3,199
Other Current Assets	4,814	2,788
Total Current Assets	13,222	9,940
Net Property & Equipment	111,748	111,408
Investments & Advances	455	970
Other Non-Current Assets	0	0
Deferred Charges	23,282	22,888
Intangibles	19,303	19,303
Deposits & Other Assets	9,034	3,812
Total Assets	178,086	169,587

Liabilities & Shareholders Equity	12/31/2022	12/31/2021
Notes Payable	3,952	3,304
Accounts Payable	4,754	3,629
Current Portion Long-Term Debt	4,154	3,387
Current Portion Capital Leases	0	0
Accrued Expenses	626	533
Income Taxes Payable	722	749
Other Current Liabilities	4,665	4,329
Total Current Liabilities	18,873	15,931
Mortgages	0	0
Deferred Taxes/Income	10,813	10,212
Convertible Debt	0	0
Long-Term Debt	67,061	60,448
Non-Current Capital Leases	0	0
Other Non-Current Liabilities	28,610	30,786
Minority Interest (Liabilities)	0	0
Total Liabilities	126,233	118,451

Shareholders Equity	12/31/2022	12/31/2021
Preferred Stock	1,962	1,962
Common Stock (Par)	1	1
Capital Surplus	44,862	44,371
Retained Earnings	2,637	3,265
Other Equity	2,391	1,537
Treasury Stock	0	0
Total Shareholder's Equity	51,853	51,136
Total Liabilities & Shareholder's Equity	178,086	169,587
Total Common Equity	49,891	49,174
Shares Outstanding	770.00	769.30
Book Value Per Share	64.79	63.92

Fiscal Year End for Duke Energy Corporation falls in the month of December.

All items in Millions except Per Share data.

Income Statement	12/31/22	12/31/21
Sales	28,768	25,097
Cost Of Goods	15,792	13,002
Gross Profit	12,976	12,095
Selling & Adminstrative & Depr. & Amort Expenses	6,964	6,722
Income After Depreciation & Amortization	6,012	5,373
Non-Operating Income	505	671
Interest Expense	2,439	2,280
Pretax Income	4,078	3,764
Income Taxes	300	192
Minority Interest	(95)	(329)
Investment Gains/Losses	0	0
Other Income/Charges	0	0
Income From Cont. Operations	3,778	3,572
Extras & Discontinued Operations	(1,323)	7
Net Income (GAAP)	2,550	3,908

Depreciation Footnote	12/31/22	12/31/21
Income Before Depreciation & Amortization	11,855	11,036
Depreciation & Amortization (Cash Flow)	5,843	5,663
Income After Depreciation & Amortization	6,012	5,373

Earnings Per Share Data	12/31/22	12/31/21
Average Shares	770.00	769.00
Diluted EPS Before Non-Recurring Items	5.27	5.24
Diluted Net EPS (GAAP)	3.17	4.94

Fiscal Year end for Duke Energy Corporation falls in the month of December.

All items in Millions except EPS data.

Cash Flow Statement

	12/31/2022	12/31/2021
Cash Flow From Operations, Investments & Financial Activities
Net Income (Loss)	2,455.00	3,579.00
Depreciation/Amortization & Depletion	5,843.00	5,663.00
Net Change from Assets/Liabilities	(3,271.00)	(690.00)
Net Cash from Discontinued Operations	0.00	0.00
Other Operating Activities	900.00	(262.00)
Net Cash From Operating Activities	5,927.00	8,290.00
Property & Equipment	(11,367.00)	(9,715.00)
Acquisition/ Disposition of Subsidiaries	(4,243.00)	(6,098.00)
Investments	4,275.00	5,167.00
Other Investing Activities	(638.00)	(289.00)
Net Cash from Investing Activities	(11,973.00)	(10,935.00)

Uses of Funds	12/31/2022	12/31/2021
Issuance (Repurchase) of Capital Stock	9.00	5.00
Issuance (Repayment) of Debt	7,478.00	3,758.00
Increase (Decrease) Short-Term Debt	574.00	479.00
Payment of Dividends & Other Distributions	-3,179.00	-3,114.00
Other Financing Activities	1,247.00	1,481.00
Net Cash from Financing Activities	6,129.00	2,609.00
Effect of Exchange Rate Changes	0.00	0.00
Net Change In Cash & Equivalents	83.00	-36.00
Cash at Beginning of Period	520.00	556.00
Cash at End of Period	603.00	520.00
Diluted Net EPS	3.17	4.94

Fiscal Year End for Duke Energy Corporation falls in the month of December.

All data in Millions except Per Share data.