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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 5,698 $ 6,282 $ 3,246
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,462 5,879 4,503
Nuclear fuel and other amortization 299 272 287
Unrealized losses (gains) on marked to market derivative contracts – net (492) (1,949) 1,378
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net (107) (159) 461
Foreign currency transaction losses (gains) (85) 92 (104)
Deferred income taxes 1,308 708 534
Cost recovery clauses and franchise fees 1,016 1,104 (1,465)
Equity in losses (earnings) of equity method investees 246 648 (203)
Distributions of earnings from equity method investees 811 712 541
Gains on disposal of businesses, assets and investments – net (515) (530) (602)
Recoverable storm-related costs (676) (399) (811)
Other – net 135 34 85
Changes in operating assets and liabilities:      
Current assets (382) 58 (1,340)
Noncurrent assets (473) (408) (89)
Current liabilities 767 (1,109) 1,702
Noncurrent liabilities 248 66 139
Net cash provided by operating activities 13,260 11,301 8,262
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (7,992) (9,302) (9,067)
Independent power and other investments of NEER (16,215) (15,565) (9,541)
Nuclear fuel purchases (399) (185) (223)
Other capital expenditures (123) (61) (452)
Proceeds from the sale of Florida City Gas business 0 924 0
Sale of independent power and other investments of NEER 2,659 1,883 1,564
Proceeds from sale or maturity of securities in special use funds and other investments 5,445 4,875 3,857
Purchases of securities in special use funds and other investments (5,623) (5,926) (4,586)
Other – net (16) (110) 89
Net cash used in investing activities (22,264) (23,467) (18,359)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 24,769 13,857 13,856
Retirements of long-term debt (10,113) (7,978) (4,525)
Proceeds from differential membership investors 2,257 2,745 4,158
Payments to differential membership investors (740) (75) (179)
Net change in commercial paper (2,980) 2,941 327
Proceeds from other short-term debt 6,575 1,980 1,755
Repayments of other short-term debt (6,613) (2,613) (1,125)
Cash swept from (repayments to) related parties – net (1,371) 1,213 240
Issuances of common stock/equity units 48 4,514 1,514
Dividends on common stock (4,235) (3,782) (3,352)
Other – net (597) (653) (440)
Net cash provided by (used in) financing activities 7,000 12,149 12,229
Effects of currency translation on cash, cash equivalents and restricted cash (14) (4) (7)
Net increase (decrease) in cash, cash equivalents and restricted cash (2,018) (21) 2,125
Cash, cash equivalents and restricted cash at beginning of year 3,420 3,441 1,316
Cash, cash equivalents and restricted cash at end of year 1,402 3,420 3,441
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 2,737 2,463 1,375
Cash paid (received) for income taxes – net (760) 321 (32)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 6,835 7,104 6,005
Decrease in property, plant and equipment - net and contract liabilities 0 251 668
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 533 124 204
FPL [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) [1] 4,543 4,552 3,701
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,827 3,789 2,695
Nuclear fuel and other amortization 172 158 177
Deferred income taxes 602 (161) 942
Cost recovery clauses and franchise fees 1,016 1,104 (1,465)
Gains on disposal of businesses, assets and investments – net (1) (407) (4)
Recoverable storm-related costs (676) (399) (811)
Other – net (14) (27) 20
Changes in operating assets and liabilities:      
Current assets 262 (200) (534)
Noncurrent assets (167) (185) (73)
Current liabilities (23) 60 175
Noncurrent liabilities (35) 12 71
Net cash provided by operating activities 8,506 8,296 4,894
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (7,992) (9,302) (9,067)
Nuclear fuel purchases (222) (98) (118)
Proceeds from the sale of Florida City Gas business 0 924 0
Proceeds from sale or maturity of securities in special use funds and other investments 3,628 3,730 2,437
Purchases of securities in special use funds and other investments (3,801) (3,754) (2,607)
Other – net 3 (15) (3)
Net cash used in investing activities (8,384) (8,515) (9,358)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 3,205 5,678 2,942
Retirements of long-term debt (1,721) (1,548) (441)
Net change in commercial paper (944) 665 327
Proceeds from other short-term debt 0 55 0
Repayments of other short-term debt (255) 0 0
Capital contributions from NEE 3,400 0 3,625
Dividends on common stock (3,700) (4,545) (2,000)
Other – net (46) (72) (39)
Net cash provided by (used in) financing activities (61) 233 4,414
Net increase (decrease) in cash, cash equivalents and restricted cash 61 14 (50)
Cash, cash equivalents and restricted cash at beginning of year 72 58 108
Cash, cash equivalents and restricted cash at end of year 133 72 58
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,143 1,034 707
Cash paid (received) for income taxes – net 640 981 22
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions $ 1,169 $ 958 $ 1,024
[1] FPL's comprehensive income is the same as reported net income.