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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 1,874 $ 2,559
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,960 3,108
Nuclear fuel and other amortization 202 184
Unrealized losses on marked to market derivative contracts – net 2,250 952
Foreign currency transaction losses (gains) (70) 5
Deferred income taxes 140 (44)
Cost recovery clauses and franchise fees (202) (34)
Equity in earnings of equity method investees (465) (13)
Distributions of earnings from equity method investees 392 339
Gains on disposal of businesses, assets and investments – net (89) (321)
Other – net (399) 131
Changes in operating assets and liabilities:    
Current assets (1,227) (513)
Noncurrent assets (316) (169)
Current liabilities 1,138 414
Noncurrent liabilities 48 33
Net cash provided by operating activities 6,236 6,631
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL Segment (4,472) (4,379)
Capital expenditures of Gulf Power (527) (859)
Independent power and other investments of NEER (6,799) (3,908)
Nuclear fuel purchases (206) (158)
Other capital expenditures (1) (8)
Sale of independent power and other investments of NEER 384 178
Proceeds from sale or maturity of securities in special use funds 3,233 3,163
Purchases of securities in special use funds (3,498) (3,306)
Other – net 41 71
Net cash used in investing activities (11,845) (9,206)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 9,614 11,898
Retirements of long-term debt (4,262) (3,690)
Proceeds from differential membership investors 328 572
Net change in commercial paper 2,043 (2,516)
Proceeds from other short-term debt 0 2,158
Repayments of other short-term debt (258) (2,100)
Payments from related parties under a cash sweep and credit support agreement – net 295 70
Issuances of common stock/equity units – net   (100)
Issuances of common stock/equity units – net 7  
Dividends (2,267) (2,057)
Other – net (434) (321)
Net cash provided by (used in) financing activities 5,066 3,914
Effects of currency translation on cash, cash equivalents and restricted cash 1 (10)
Net increase (decrease) in cash, cash equivalents and restricted cash (542) 1,329
Cash, cash equivalents and restricted cash at beginning of period 1,546 1,108
Cash, cash equivalents and restricted cash at end of period 1,004 2,437
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 4,664 4,612
Increase in property, plant and equipment related to an acquisition 0 353
Decrease in joint venture investments related to an acquisition 0 145
FPL [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] 2,586 2,334 [2],[3]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,724 1,990 [2]
Nuclear fuel and other amortization 130 125 [2]
Deferred income taxes 488 353 [2]
Cost recovery clauses and franchise fees (202) (34) [2]
Other – net (197) (5) [2]
Changes in operating assets and liabilities:    
Current assets (312) (503) [2]
Noncurrent assets (86) (48) [2]
Current liabilities 576 514 [2]
Noncurrent liabilities (7) (32) [2]
Net cash provided by operating activities 4,700 4,694 [2]
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (5,000) (5,224) [2]
Nuclear fuel purchases (110) (122) [2]
Proceeds from sale or maturity of securities in special use funds 2,223 1,964 [2]
Purchases of securities in special use funds (2,302) (2,027) [2]
Other – net (8) (20) [2]
Net cash used in investing activities (5,197) (5,429) [2]
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 1,388 3,003 [2]
Retirements of long-term debt (1,304) (1,467) [2]
Net change in commercial paper (852) (1,674) [2]
Capital contributions from NEE 1,700 2,750 [2]
Dividends (435) (1,760) [2]
Other – net (21) (38) [2]
Net cash provided by (used in) financing activities 476 814 [2]
Net increase (decrease) in cash, cash equivalents and restricted cash (21) 79 [2]
Cash, cash equivalents and restricted cash at beginning of period 160 264 [2]
Cash, cash equivalents and restricted cash at end of period 139 343 [2]
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 817 $ 734 [2]
[1] FPL's comprehensive income is the same as reported net income.
[2] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 Merger of FPL and Gulf Power Company.
[3] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 – Merger of FPL and Gulf Power Company.