Summarized Financial Information of NEECH (Tables)

12 Months Ended

Dec. 31, 2019

Summarized Financial Information [Abstract]

Condensed Consolidating Statements of Income



	Year Ended December 31, 2019												Year Ended December 31, 2018												Year Ended December 31, 2017
	NEE (Guaran- tor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guaran- tor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guaran- tor)			NEECH			Other^(a)			NEE Consoli- dated
	(millions)
Operating revenues	$	—		$	5,671		$	13,533		$	19,204		$	—		$	5,007		$	11,720		$	16,727		$	—		$	5,301		$	11,872		$	17,173
Operating expenses - net	(209		)	(3,669		)	(9,973		)	(13,851		)	(196		)	(3,652		)	(8,599		)	(12,447		)	(175		)	(3,273		)	(8,552		)	(12,000		)
Interest expense	(3		)	(1,596		)	(650		)	(2,249		)	(17		)	(940		)	(541		)	(1,498		)	(3		)	(1,074		)	(481		)	(1,558		)
Equity in earnings of subsidiaries	3,785			—			(3,785		)	—			6,548			—			(6,548		)	—			5,393			—			(5,393		)	—
Equity in earnings of equity method investees	—			66			—			66			—			358			—			358			—			141			—			141
Gain on NEP deconsolidation	—			—			—			—			—			3,927			—			3,927			—			—			—			—
Other income - net	185			407			74			666			169			21			95			285			151			702			54			907
Income (loss) before income taxes	3,758			879			(801		)	3,836			6,504			4,721			(3,873		)	7,352			5,366			1,797			(2,500		)	4,663
Income tax expense (benefit)	(11		)	(21		)	480			448			(134		)	1,195			515			1,576			(14		)	(1,719		)	1,073			(660		)
Net income (loss)	3,769			900			(1,281		)	3,388			6,638			3,526			(4,388		)	5,776			5,380			3,516			(3,573		)	5,323
Net loss attributable to noncontrolling interests	—			381			—			381			—			862			—			862			—			57			—			57
Net income (loss) attributable to NEE	$	3,769		$	1,281		$	(1,281	)	$	3,769		$	6,638		$	4,388		$	(4,388	)	$	6,638		$	5,380		$	3,573		$	(3,573	)	$	5,380

______________________

(a)

Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Comprehensive Income



	Year Ended December 31, 2019									Year Ended December 31, 2018									Year Ended December 31, 2017
	NEE (Guaran- tor)		NEECH		Other^(a)			NEE Consoli- dated		NEE (Guaran- tor)		NEECH		Other^(a)			NEE Consoli- dated		NEE (Guaran- tor)		NEECH		Other^(a)			NEE Consoli- dated
	(millions)
Comprehensive income (loss) attributable to NEE	$	3,789	$	1,340	$	(1,340	)	$	3,789	$	6,667	$	4,434	$	(4,434	)	$	6,667	$	5,561	$	3,710	$	(3,710	)	$	5,561

______________________

(a)

Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets



	December 31, 2019												December 31, 2018
	NEE (Guaran- tor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guaran- tor)			NEECH			Other^(a)			NEE Consoli- dated
	(millions)
PROPERTY, PLANT AND EQUIPMENT
Electric plant in service and other property	$	170		$	41,585		$	65,423		$	107,178		$	220		$	37,145		$	54,718		$	92,083
Accumulated depreciation and amortization	(111		)	(9,473		)	(15,584		)	(25,168		)	(58		)	(8,473		)	(13,218		)	(21,749		)
Total property, plant and equipment - net	59			32,112			49,839			82,010			162			28,672			41,500			70,334
CURRENT ASSETS
Cash and cash equivalents	1			515			84			600			(1		)	525			114			638
Receivables	81			1,489			1,237			2,807			292			1,771			906			2,969
Other	16			2,633			1,352			4,001			5			1,425			1,356			2,786
Total current assets	98			4,637			2,673			7,408			296			3,721			2,376			6,393
OTHER ASSETS
Investment in subsidiaries	36,783			—			(36,783		)	—			33,397			—			(33,397		)	—
Investment in equity method investees	—			7,453			—			7,453			—			6,748			—			6,748
Goodwill	1			1,217			2,986			4,204			1			587			303			891
Other	404			6,899			9,313			16,616			937			5,890			12,509			19,336
Total other assets	37,188			15,569			(24,484		)	28,273			34,335			13,225			(20,585		)	26,975
TOTAL ASSETS	$	37,345		$	52,318		$	28,028		$	117,691		$	34,793		$	45,618		$	23,291		$	103,702
CAPITALIZATION
Common shareholders' equity	$	37,005		$	11,050		$	(11,050	)	$	37,005		$	34,144		$	7,917		$	(7,917	)	$	34,144
Noncontrolling interests	—			4,355			—			4,355			—			3,269			—			3,269
Redeemable noncontrolling interests	—			487			—			487			—			468			—			468
Long-term debt	—			21,901			15,642			37,543			—			15,094			11,688			26,782
Total capitalization	37,005			37,793			4,592			79,390			34,144			26,748			3,771			64,663
CURRENT LIABILITIES
Debt due within one year	—			2,961			2,079			5,040			—			9,579			1,351			10,930
Accounts payable	3			2,755			873			3,631			32			1,730			624			2,386
Other	167			2,817			2,198			5,182			168			2,364			1,715			4,247
Total current liabilities	170			8,533			5,150			13,853			200			13,673			3,690			17,563
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	—			1,072			2,385			3,457			—			988			2,147			3,135
Deferred income taxes	(410		)	2,956			5,815			8,361			(157		)	2,778			4,746			7,367
Other	580			1,964			10,086			12,630			606			1,431			8,937			10,974
Total other liabilities and deferred credits	170			5,992			18,286			24,448			449			5,197			15,830			21,476
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$	37,345		$	52,318		$	28,028		$	117,691		$	34,793		$	45,618		$	23,291		$	103,702

______________________


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Cash Flows



	Year Ended December 31, 2019												Year Ended December 31, 2018												Year Ended December 31, 2017
	NEE (Guar- antor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guar- antor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guar- antor)			NEECH			Other^(a)			NEE Consoli- dated
	(millions)
NET CASH PROVIDED BY OPERATING ACTIVITIES	$	2,769		$	2,562		$	2,824		$	8,155		$	3,401		$	2,094		$	1,098		$	6,593		$	1,968		$	2,749		$	1,741		$	6,458
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures, acquisitions, independent power and other investments and nuclear fuel purchases	(7		)	(6,509		)	(10,946		)	(17,462		)	(132		)	(7,735		)	(5,137		)	(13,004		)	—			(5,449		)	(5,291		)	(10,740		)
Capital contributions from NEE	(1,876		)	—			1,876			—			(6,270		)	—			6,270			—			(92		)	—			92			—
Proceeds from sale of the fiber-optic telecommunications business	—			—			—			—			—			—			—			—			—			1,454			—			1,454
Sale of independent power and other investments of NEER	—			1,163			—			1,163			—			1,617			—			1,617			—			178			—			178
Proceeds from sale or maturity of securities in special use funds and other investments	—			1,279			2,729			4,008			—			1,178			2,232			3,410			9			1,221			1,977			3,207
Purchases of securities in special use funds and other investments	—			(1,306		)	(2,854		)	(4,160		)	—			(1,330		)	(2,403		)	(3,733		)	—			(1,163		)	(2,081		)	(3,244		)
Distributions from subsidiaries and equity method investees	—			—			—			—			4,466			637			(4,466		)	637			—			7			—			7
Other - net	103			150			21			274			12			(130		)	241			123			7			195			18			220
Net cash used in investing activities	(1,780		)	(5,223		)	(9,174		)	(16,177		)	(1,924		)	(5,763		)	(3,263		)	(10,950		)	(76		)	(3,557		)	(5,285		)	(8,918		)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt	—			10,916			3,003			13,919			—			2,651			1,748			4,399			—			6,393			1,961			8,354
Retirements of long-term debt	—			(5,292		)	(200		)	(5,492		)	—			(1,512		)	(1,590		)	(3,102		)	—			(5,907		)	(873		)	(6,780		)
Proceeds from differential membership investors	—			1,604			—			1,604			—			1,841			—			1,841			—			1,414			—			1,414
Net change in commercial paper	—			(651		)	417			(234		)	—			1,493			(431		)	1,062			—			—			1,419			1,419
Proceeds from other short-term debt	—			—			200			200			—			5,665			—			5,665			—			—			450			450
Repayments of other short-term debt	—			(4,765		)	—			(4,765		)	—			(205		)	(250		)	(455		)	—			—			(2		)	(2		)
Payments to related parties under CSCS agreement – net	—			(54		)	—			(54		)	—			(21		)	—			(21		)	—			—			—			—
Issuances of common stock - net	1,494			—			—			1,494			718			—			—			718			55			—			—			55
Proceeds from issuance of NEP convertible preferred units - net	—			—			—			—			—			—			—			—			—			548			—			548
Dividends on common stock	(2,408		)	—			—			(2,408		)	(2,101		)	—			—			(2,101		)	(1,845		)	—			—			(1,845		)
Contributions from (dividends to) NEE	—			1,479			(1,479		)	—			—			(7,272		)	7,272			—			—			(633		)	633			—
Other - net	(73		)	(271		)	(47		)	(391		)	(96		)	(238		)	(38		)	(372		)	(102		)	(601		)	(22		)	(725		)
Net cash provided by (used in) financing activities	(987		)	2,966			1,894			3,873			(1,479		)	2,402			6,711			7,634			(1,892		)	1,214			3,566			2,888
Effects of currency translation on cash, cash equivalents and restricted cash	—			4			—			4			—			(7		)	—			(7		)	—			26			—			26
Net increase (decrease) in cash, cash equivalents and restricted cash	2			309			(4,456		)	(4,145		)	(2		)	(1,274		)	4,546			3,270			—			432			22			454
Cash, cash equivalents and restricted cash at beginning of year	(1		)	533			4,721			5,253			1			1,807			175			1,983			1			1,375			153			1,529
Cash, cash equivalents and restricted cash at end of year	$	1		$	842		$	265		$	1,108		$	(1	)	$	533		$	4,721		$	5,253		$	1		$	1,807		$	175		$	1,983

______________________

(a)

Represents primarily FPL and consolidating adjustments.