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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
OPERATING REVENUES $ 4,358 $ 4,029 $ 8,463 $ 7,703
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,316 1,373 2,679 2,771
Other operations and maintenance 800 768 1,534 1,524
Merger-related 9 0 13 0
Depreciation and amortization 737 614 1,284 1,076
Taxes other than income taxes and other 350 323 677 642
Total operating expenses 3,212 3,078 6,187 6,013
OPERATING INCOME 1,146 951 2,276 1,690
OTHER INCOME (DEDUCTIONS)        
Interest expense (280) (305) (601) (624)
Benefits associated with differential membership interests - net 54 58 111 122
Equity in earnings of equity method investees 27 20 36 22
Allowance for equity funds used during construction 16 6 27 21
Interest income 22 21 43 42
Gains on disposal of assets - net 5 33 27 77
Gain associated with Maine fossil 0 0 0 21
Other - net 4 0 12 (6)
Total other deductions - net (152) (167) (345) (325)
INCOME BEFORE INCOME TAXES 994 784 1,931 1,365
INCOME TAXES 274 292 560 444
Net Income (Loss) 720 492 1,371 921
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (4) 0 (5) 0
Net Income (Loss) Attributable to Parent $ 716 $ 492 $ 1,366 $ 921
Earnings per share of common stock:        
Basic $ 1.61 $ 1.13 $ 3.08 $ 2.12
Assuming dilution 1.59 1.12 3.04 2.10
Dividends per share of common stock $ 0.770 $ 0.725 $ 1.54 $ 1.45
Weighted-average number of common shares outstanding:        
Basic 445.5 434.1 443.9 433.8
Assuming dilution 449.2 440.1 449.0 439.3
FPL [Member]        
OPERATING REVENUES $ 2,996 $ 2,889 $ 5,538 $ 5,424
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,098 1,076 2,103 2,112
Other operations and maintenance 385 388 738 771
Depreciation and amortization 428 349 669 557
Taxes other than income taxes and other 305 294 581 570
Total operating expenses 2,216 2,107 4,091 4,010
OPERATING INCOME 780 782 1,447 1,414
OTHER INCOME (DEDUCTIONS)        
Interest expense (112) (111) (227) (213)
Allowance for equity funds used during construction 16 6 26 21
Other - net 1 1 2 2
Total other deductions - net (95) (104) (199) (190)
INCOME BEFORE INCOME TAXES 685 678 1,248 1,224
INCOME TAXES 250 255 454 454
Net Income (Loss) Attributable to Parent [1] $ 435 $ 423 $ 794 $ 770
[1] (a)FPL's comprehensive income is the same as reported net income.