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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 1,688 $ 464
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,371 1,095
Nuclear fuel and other amortization 91 81
Unrealized losses on marked to market derivative contracts – net 16 964
Foreign currency transaction losses (gains) (138) 8
Deferred income taxes 409 (400)
Cost recovery clauses and franchise fees (201) (133)
Equity in losses (earnings) of equity method investees (171) 646
Distributions of earnings from equity method investees 100 123
Gains on disposal of businesses, assets and investments – net (257) (34)
Recoverable storm-related costs (16) (177)
Other – net 312 122
Changes in operating assets and liabilities:    
Current assets (368) 222
Noncurrent assets (114) (61)
Current liabilities (288) (259)
Noncurrent liabilities 180 108
Net cash provided by operating activities 2,614 2,769
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (3,046) (2,341)
Independent power and other investments of NEER (7,868) (5,441)
Nuclear fuel purchases (144) (153)
Other capital expenditures (4) (7)
Sale of independent power and other investments of NEER 340 238
Proceeds from sale or maturity of securities in special use funds 1,506 1,257
Purchases of securities in special use funds (1,650) (1,292)
Other – net 45 15
Net cash used in investing activities (10,821) (7,724)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 8,307 9,840
Retirements of long-term debt (3,100) (2,852)
Net change in commercial paper 3,405 335
Proceeds from other short-term debt 650 850
Repayments of other short-term debt 0 (850)
Cash repayments to related parties – net (2) (45)
Issuances of common stock/equity units 23 11
Dividends on common stock (1,300) (1,166)
Other – net (304) (20)
Net cash provided by financing activities 7,679 6,103
Effects of currency translation on cash, cash equivalents and restricted cash (3) 0
Net increase (decrease) in cash, cash equivalents and restricted cash (531) 1,148
Cash, cash equivalents and restricted cash at beginning of period 3,006 1,402
Cash, cash equivalents and restricted cash at end of period 2,475 2,550
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 1,031 631
Cash paid (received) for income taxes - net (665) (114)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 6,131 4,182
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 1,462 1,316
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 665 408
Nuclear fuel and other amortization 42 35
Deferred income taxes (29) 135
Cost recovery clauses and franchise fees (201) (133)
Recoverable storm-related costs (16) (177)
Other – net 15 4
Changes in operating assets and liabilities:    
Current assets 44 23
Noncurrent assets (44) (59)
Current liabilities 181 363
Noncurrent liabilities 1 (6)
Net cash provided by operating activities 2,120 1,909
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,046) (2,341)
Nuclear fuel purchases (116) (51)
Proceeds from sale or maturity of securities in special use funds 914 751
Purchases of securities in special use funds (980) (792)
Other – net 74 80
Net cash used in investing activities (3,154) (2,353)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 0 1,996
Retirements of long-term debt (142) (22)
Net change in commercial paper 1,309 (980)
Dividends on common stock (100) (100)
Other – net (5) (31)
Net cash provided by financing activities 1,062 863
Net increase (decrease) in cash, cash equivalents and restricted cash 28 419
Cash, cash equivalents and restricted cash at beginning of period 88 133
Cash, cash equivalents and restricted cash at end of period 116 552
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 235 173
Cash paid (received) for income taxes - net 0 10
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 1,462 $ 875
[1] FPL's comprehensive income is the same as reported net income.