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Duke Energy DUK Progress Energy merger purchase accounting adjustments
Progress Energy merger purchase accounting adjustments at other companies
Other financials
Where this comes from
Reported directly by Duke Energy in its filing.
Tagged under the XBRL concept duk:DeferredTaxAssetsBusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumed.
The source filing: Duke Energy’s 10-K, filed February 27, 2025.
- Filed
- Feb 27, 2025
- Fiscal year
- FY2024
- Accession
- 0001326160-25-000072
| (in millions) | Duke / Energy | Duke / Energy / Carolinas | Progress / Energy | Duke / Energy / Progress | Duke / Energy / Florida | Duke / Energy / Ohio | Duke / Energy / Indiana | Piedmont |
|---|---|---|---|---|---|---|---|---|
| Deferred credits and other liabilities | $284 | $217 | $84 | $43 | $41 | $17 | $15 | $40 |
| Lease obligations | 430 | 88 | 265 | 179 | 86 | 2 | 12 | 2 |
| Pension, post-retirement and other employee benefits | 89 | (33) | (23) | (1) | (26) | 6 | 1 | (2) |
| Progress Energy merger purchase accounting adjustments(a) | 227 | — | — | — | — | — | — | — |
| Tax credits and NOL carryforwards | 3,845 | 522 | 783 | 312 | 449 | 70 | 145 | 57 |
| Regulatory liabilities and deferred credits | — | — | — | — | — | — | 10 | — |
| Other | 35 | 11 | 5 | 3 | 2 | 4 | — | 8 |
| Valuation allowance | (517) | — | — | — | — | — | — | — |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Duke Energy's progress energy merger purchase accounting adjustments?
- Duke Energy (DUK) reported progress energy merger purchase accounting adjustments of $227M in Q4 2024.
- What is the long-term trend for Duke Energy's progress energy merger purchase accounting adjustments?
- Over 2 years (2022 to 2024), Duke Energy's progress energy merger purchase accounting adjustments has grown at a -13.2% compound annual growth rate (CAGR), from $301M to $227M.
- What does progress energy merger purchase accounting adjustments mean?
- This represents deferred tax assets resulting from purchase accounting adjustments made during a business combination, specifically related to the acquisition of Progress Energy. These adjustments align the tax basis of acquired assets and liabilities with their fair value at the time of acquisition. It reflects the long-term tax implications of historical M&A activity.
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