XML 71 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING REVENUES $ 15,341 $ 15,317 $ 15,643
OPERATING EXPENSES      
Fuel, purchased power and interchange 6,256 6,242 7,405
Other operations and maintenance 3,002 2,877 2,649
Impairment charges 51 19 0
Depreciation and amortization 1,567 1,788 1,765
Taxes other than income taxes and other 1,087 1,148 1,230
Total operating expenses 11,963 12,074 13,049
OPERATING INCOME 3,378 3,243 2,594
OTHER INCOME (DEDUCTIONS)      
Interest expense (1,035) (979) (849)
Loss on sale of natural gas-fired generating assets (151) 0 0
Equity in earnings of equity method investees 55 58 52
Allowance for equity funds used during construction 39 37 53
Interest income 79 91 78
Gains on disposal of assets - net 85 67 60
Other than temporary impairment losses on securities held in nuclear decommissioning funds (36) (16) (58)
Other - net 38 (12) 12
Total other deductions - net (926) (754) (652)
INCOME BEFORE INCOME TAXES 2,452 2,489 1,942
INCOME TAXES 529 532 327
NET INCOME 1,923 1,957 1,615
Earnings per share of common stock:      
Basic (in dollars per share) $ 4.62 $ 4.77 $ 3.99
Assuming dilution (in dollars per share) $ 4.59 $ 4.74 $ 3.97
Dividends per share of common stock (in dollars per share) $ 2.20 $ 2.00 $ 1.89
Weighted-average number of common shares outstanding:      
Basic (in shares) 416.6 410.3 404.4
Assuming dilution (in shares) 419.0 413.0 407.2
Florida Power and Light Company [Member]
     
OPERATING REVENUES 10,613 10,485 11,491
OPERATING EXPENSES      
Fuel, purchased power and interchange 4,977 4,982 6,220
Other operations and maintenance 1,699 1,620 1,496
Depreciation and amortization 798 1,008 1,097
Taxes other than income taxes and other 1,063 1,026 1,097
Total operating expenses 8,537 8,636 9,910
OPERATING INCOME 2,076 1,849 1,581
OTHER INCOME (DEDUCTIONS)      
Interest expense (387) (361) (318)
Allowance for equity funds used during construction 35 36 53
Other - net (2) 1 (12)
Total other deductions - net (354) (324) (277)
INCOME BEFORE INCOME TAXES 1,722 1,525 1,304
INCOME TAXES 654 580 473
NET INCOME $ 1,068 $ 945 $ 831