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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 308 $ 606
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 848 772
Nuclear fuel and other amortization 74 90
Unrealized losses on marked to market derivative contracts – net 563 386
Foreign currency transaction gains (39) (5)
Deferred income taxes (180) 220
Cost recovery clauses and franchise fees (10) (41)
Equity in earnings of equity method investees 390 (16)
Distributions of earnings from equity method investees 100 84
Gains on disposal of businesses, assets and investments – net (297) (49)
Other - net 311 (112)
Changes in operating assets and liabilities:    
Current assets 142 283
Noncurrent assets (56) (123)
Current liabilities (245) (514)
Noncurrent liabilities (15) 16
Net cash provided by operating activities 1,894 1,597
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (1,394) (1,104)
Acquisition and capital expenditures of Gulf Power (340) (4,551)
Independent power and other investments of NEER (1,492) (1,162)
Nuclear fuel purchases (57) (97)
Other capital expenditures, acquisitions and other investments (1) (115)
Proceeds from sale or maturity of securities in special use funds 1,081 966
Purchases of securities in special use funds (1,084) (1,019)
Other - net 152 137
Net cash used in investing activities (3,135) (6,945)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt 4,354 2,768
Retirements of long-term debt (312) (166)
Net change in commercial paper (940) (448)
Proceeds from other short-term debt 1,625 0
Repayments of other short-term debt 0 (50)
Payments from (to) related parties under a cash sweep and credit support agreement – net 48 (24)
Issuances of common stock/equity units - net (57)  
Issuances of common stock/equity units - net   20
Dividends (685) (598)
Other - net (72) (75)
Net cash provided by (used in) financing activities 3,961 1,427
Effects of currency translation on cash, cash equivalents and restricted cash 6 9
Net increase (decrease) in cash, cash equivalents and restricted cash 2,726 (3,912)
Cash, cash equivalents and restricted cash at beginning of period 1,108 5,253
Cash, cash equivalents and restricted cash at end of period 3,834 1,341
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 3,194 1,874
Increase in property, plant and equipment related to an acquisition 353 0
Decrease in joint venture investments related to an acquisition 145 0
FPL [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] 642 588
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 402 375
Nuclear fuel and other amortization 42 45
Deferred income taxes 212 203
Cost recovery clauses and franchise fees 0 (27)
Other - net (16) 10
Changes in operating assets and liabilities:    
Current assets 36 (35)
Noncurrent assets (23) (19)
Current liabilities (53) 31
Noncurrent liabilities (31) (35)
Net cash provided by operating activities 1,211 1,136
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (1,394) (1,104)
Nuclear fuel purchases (42) (36)
Proceeds from sale or maturity of securities in special use funds 657 562
Purchases of securities in special use funds (666) (596)
Other - net (13) 1
Net cash used in investing activities (1,458) (1,173)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt 1,558 643
Retirements of long-term debt (284) (39)
Net change in commercial paper (1,271) (860)
Capital contributions from NEE 1,200 250
Other - net (18) (12)
Net cash provided by (used in) financing activities 1,185 (18)
Net increase (decrease) in cash, cash equivalents and restricted cash 938 (55)
Cash, cash equivalents and restricted cash at beginning of period 195 254
Cash, cash equivalents and restricted cash at end of period 1,133 199
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 552 $ 585
[1]
FPL's comprehensive income is the same as reported net income.