v3.6.0.2

Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Millions

12 Months Ended

Oct. 31, 2016

Oct. 31, 2015

Oct. 31, 2014

Operating Revenues

Regulated natural gas (1)

^[1]

$ 1,131.6

$ 1,371.7

$ 1,470.0

Nonregulated and other

10.1

11.4

9.5

7.0

^[2]

Total operating revenues

1,148.7

1,383.1

1,479.5

Operating Expenses

Cost of natural gas (1)

^[1]

390.5

644.4

779.8

Operations, maintenance and other

352.9

304.8

279.9

Depreciation and amortization

137.3

128.7

119.0

Property and other taxes

42.6

42.4

37.7

Total operating expenses

923.3

1,120.3

1,216.4

Operating Income

225.4

262.8

263.1

Other Income and Expense

Equity in earnings of unconsolidated affiliates

28.6

34.5

32.8

Gain on sale of unconsolidated affiliates

132.8

0.0

Other expense, net

0.8

1.5

2.6

Total other income and expense

160.6

33.0

30.2

Interest Expense

68.6

54.7

Income Before Income Taxes

317.4

227.2

238.6

Income Tax Expense

124.2

90.2

94.8

Net Income

193.2

137.0

143.8

Unrealized (loss) gain from hedging activities, net of tax of ($2.5), ($1.0) and $0.2 for the years ended October 31, 2016, 2015 and 2014, respectively

(2.8)

(1.6)

0.3

Reclassification adjustment of realized loss (gain) from hedging activities of equity method investments included in net income, net of tax of $2.0, $0.7 and ($0.2) for the years ended October 31, 2016, 2015 and 2014, respectively

3.4

1.0

(0.3)

Other Comprehensive Income (Loss), net of tax

0.6

(0.6)

0.0

Comprehensive Income

$ 193.8

$ 136.4

$ 143.8

[1]	See Note 11 for amounts attributable to investments in unconsolidated affiliates.
[2]	See Note 14 for details on related party transactions with Duke Energy.

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831270

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831223

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e557-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=51831255

PIEDMONT NATURAL GAS CO INC 10-K