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Summarized Financial Information of Capital Holdings (Tables)
 9 Months Ended
Sep. 30, 2013
Summarized Financial Information [Abstract]  
Condensed Consolidating Statements
Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income

 
Three Months Ended September 30,
 
2013
 
2012
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
1,377

 
$
3,017

 
$
4,394

 
$
—

 
$
871

 
$
2,972

 
$
3,843

Operating expenses(b)
(4
)
 
(965
)
 
(2,240
)
 
(3,209
)
 
(5
)
 
(843
)
 
(2,253
)
 
(3,101
)
Interest expense
(2
)
 
(182
)
 
(104
)
 
(288
)
 
(2
)
 
(155
)
 
(102
)
 
(259
)
Equity in earnings of subsidiaries
700

 
—

 
(700
)
 
—

 
416

 
—

 
(416
)
 
—

Other income - net(b)
—

 
87

 
11

 
98

 
4

 
68

 
14

 
86

Income (loss) before income taxes
694

 
317

 
(16
)
 
995

 
413

 
(59
)
 
215

 
569

Income tax expense (benefit)
(4
)
 
38

 
263

 
297

 
(2
)
 
(82
)
 
238

 
154

Net income (loss)
$
698

 
$
279

 
$
(279
)
 
$
698

 
$
415

 
$
23

 
$
(23
)
 
$
415



 
Nine Months Ended September 30,
 
2013
 
2012
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
3,611

 
$
7,895

 
$
11,506

 
$
—

 
$
3,112

 
$
7,769

 
$
10,881

Operating expenses(b)
(11
)
 
(3,043
)
 
(5,851
)
 
(8,905
)
 
(13
)
 
(2,416
)
 
(5,907
)
 
(8,336
)
Interest expense
(7
)
 
(513
)
 
(305
)
 
(825
)
 
(8
)
 
(479
)
 
(308
)
 
(795
)
Equity in earnings of subsidiaries
1,572

 
—

 
(1,572
)
 
—

 
1,480

 
—

 
(1,480
)
 
—

Other income - net(b)
1

 
254

 
39

 
294

 
5

 
250

 
30

 
285

Income from continuing operations before income taxes
1,555

 
309

 
206

 
2,070

 
1,464

 
467

 
104

 
2,035

Income tax expense (benefit)
(13
)
 
13

 
677

 
677

 
(18
)
 
(29
)
 
600

 
553

Income (loss) from continuing operations
1,568

 
296

 
(471
)
 
1,393

 
1,482

 
496

 
(496
)
 
1,482

Net gain from discontinued operations, net of income taxes
13

 
175

 
—

 
188

 
—

 
—

 
—

 
—

Net income (loss)
$
1,581

 
$
471

 
$
(471
)
 
$
1,581

 
$
1,482

 
$
496

 
$
(496
)
 
$
1,482


————————————
(a)  Represents FPL and consolidating adjustments.
(b)  Prior year amounts are restated to conform to the current year's presentation.

Condensed Consolidating Statements of Comprehensive Income

 
Three Months Ended September 30,
 
2013
 
2012
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss)
$
718

 
$
298

 
$
(298
)
 
$
718

 
$
386

 
$
(6
)
 
$
6

 
$
386


 
Nine Months Ended September 30,
 
2013
 
2012
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss)
$
1,754

 
$
636

 
$
(636
)
 
$
1,754

 
$
1,417

 
$
437

 
$
(437
)
 
$
1,417

————————————
(a)
Represents FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets

 
September 30, 2013
 
December 31, 2012
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
PROPERTY, PLANT AND EQUIPMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Electric plant in service and other property
$
32

 
$
28,439

 
$
39,384

 
$
67,855

 
$
31

 
$
26,638

 
$
38,248

 
$
64,917

Less accumulated depreciation and amortization
(10
)
 
(5,562
)
 
(10,884
)
 
(16,456
)
 
(7
)
 
(4,800
)
 
(10,697
)
 
(15,504
)
Total property, plant and equipment - net
22

 
22,877

 
28,500

 
51,399

 
24

 
21,838

 
27,551

 
49,413

CURRENT ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
1

 
504

 
53

 
558

 
2

 
287

 
40

 
329

Receivables
198

 
1,212

 
831

 
2,241

 
398

 
1,208

 
450

 
2,056

Other
9

 
1,515

 
1,149

 
2,673

 
432

 
1,421

 
999

 
2,852

Total current assets
208

 
3,231

 
2,033

 
5,472

 
832

 
2,916

 
1,489

 
5,237

OTHER ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Investment in subsidiaries
17,398

 
—

 
(17,398
)
 
—

 
16,064

 
—

 
(16,064
)
 
—

Other
720

 
4,942

 
4,633

 
10,295

 
647

 
4,749

 
4,393

 
9,789

Total other assets
18,118

 
4,942

 
(12,765
)
 
10,295

 
16,711

 
4,749

 
(11,671
)
 
9,789

TOTAL ASSETS
$
18,348

 
$
31,050

 
$
17,768

 
$
67,166

 
$
17,567

 
$
29,503

 
$
17,369

 
$
64,439

CAPITALIZATION
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Common shareholders' equity
$
17,409

 
$
4,838

 
$
(4,838
)
 
$
17,409

 
$
16,068

 
$
3,533

 
$
(3,533
)
 
$
16,068

Long-term debt
—

 
15,388

 
8,474

 
23,862

 
—

 
14,848

 
8,329

 
23,177

Total capitalization
17,409

 
20,226

 
3,636

 
41,271

 
16,068

 
18,381

 
4,796

 
39,245

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt due within one year
—

 
3,913

 
935

 
4,848

 
—

 
3,624

 
558

 
4,182

Accounts payable
—

 
613

 
631

 
1,244

 
1

 
667

 
613

 
1,281

Other
195

 
1,711

 
1,215

 
3,121

 
440

 
2,317

 
659

 
3,416

Total current liabilities
195

 
6,237

 
2,781

 
9,213

 
441

 
6,608

 
1,830

 
8,879

OTHER LIABILITIES AND DEFERRED CREDITS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Asset retirement obligations
—

 
554

 
1,254

 
1,808

 
—

 
508

 
1,207

 
1,715

Deferred income taxes
186

 
1,193

 
5,828

 
7,207

 
497

 
891

 
5,315

 
6,703

Other
558

 
2,840

 
4,269

 
7,667

 
561

 
3,115

 
4,221

 
7,897

Total other liabilities and deferred credits
744

 
4,587

 
11,351

 
16,682

 
1,058

 
4,514

 
10,743

 
16,315

COMMITMENTS AND CONTINGENCIES


 


 


 


 


 


 


 


TOTAL CAPITALIZATION AND LIABILITIES
$
18,348

 
$
31,050

 
$
17,768

 
$
67,166

 
$
17,567

 
$
29,503

 
$
17,369

 
$
64,439

————————————
(a)
Represents FPL and consolidating adjustments.
Condensed Consolidating Statements of Cash Flows

 
Nine Months Ended September 30,
 
2013
 
2012
 
NEE
(Guaran-
tor)
 

NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 

NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
NET CASH PROVIDED BY OPERATING ACTIVITIES
$
1,174

 
$
494

 
$
1,722

 
$
3,390

 
$
662

 
$
878

 
$
1,617

 
$
3,157

CASH FLOWS FROM INVESTING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures, independent power and other investments and nuclear fuel purchases
—

 
(2,450
)
 
(2,209
)
 
(4,659
)
 
—

 
(3,492
)
 
(3,197
)
 
(6,689
)
Capital contribution to FPL
—

 
—

 
—

 
—

 
(240
)
 
—

 
240

 
—

Cash grants under the Recovery Act
—

 
170

 
—

 
170

 
—

 
105

 
—

 
105

Change in loan proceeds restricted for construction
—

 
245

 
—

 
245

 
—

 
212

 
—

 
212

Other - net
(668
)
 
20

 
626

 
(22
)
 
—

 
(59
)
 
(70
)
 
(129
)
Net cash used in investing activities
(668
)
 
(2,015
)
 
(1,583
)
 
(4,266
)
 
(240
)
 
(3,234
)
 
(3,027
)
 
(6,501
)
CASH FLOWS FROM FINANCING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Issuances of long-term debt
—

 
3,155

 
498

 
3,653

 
—

 
3,632

 
594

 
4,226

Retirements of long-term debt
—

 
(1,216
)
 
(453
)
 
(1,669
)
 
—

 
(1,272
)
 
(49
)
 
(1,321
)
Proceeds from sale of differential membership interests
—

 
201

 
—

 
201

 
—

 
414

 
—

 
414

Net change in short-term debt
—

 
(971
)
 
476

 
(495
)
 
—

 
254

 
142

 
396

Issuances of common stock
415

 
—

 
—

 
415

 
386

 
—

 
—

 
386

Dividends on common stock
(836
)
 
—

 
—

 
(836
)
 
(752
)
 
—

 
—

 
(752
)
   Other - net
(86
)
 
569

 
(647
)
 
(164
)
 
(56
)
 
(785
)
 
705

 
(136
)
Net cash provided by (used in) financing activities
(507
)
 
1,738

 
(126
)
 
1,105

 
(422
)
 
2,243

 
1,392

 
3,213

Net increase (decrease) in cash and cash equivalents
(1
)
 
217

 
13

 
229

 
—

 
(113
)
 
(18
)
 
(131
)
Cash and cash equivalents at beginning of period
2

 
287

 
40

 
329

 
1

 
339

 
37

 
377

Cash and cash equivalents at end of period
$
1

 
$
504

 
$
53

 
$
558

 
$
1

 
$
226

 
$
19

 
$
246

————————————
(a)
Represents FPL and consolidating adjustments.