XML 69 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
PROPERTY, PLANT AND EQUIPMENT    
Electric plant in service and other property $ 63,428 $ 62,699
Nuclear fuel 2,166 2,059
Construction work in progress 4,773 4,690
Less accumulated depreciation and amortization (17,061) (16,728)
Total property, plant and equipment - net ($5,077 and $5,127 related to VIEs, respectively) 53,306 52,720
CURRENT ASSETS    
Cash and cash equivalents 488 438
Customer receivables, net of allowances 1,904 1,777
Other receivables 647 512
Materials, supplies and fossil fuel inventory 1,148 1,153
Regulatory assets:    
Deferred clause and franchise expenses 166 192
Other 116 116
Derivatives 533 498
Deferred income taxes 754 753
Other 385 403
Total current assets 6,141 5,842
OTHER ASSETS    
Special use funds 4,866 4,780
Other investments 1,148 1,121
Prepaid benefit costs 1,476 1,456
Regulatory assets:    
Securitized storm-recovery costs ($220 and $228 related to a VIE, respectively) 358 372
Other 440 426
Derivatives 984 1,163
Other 1,612 1,426
Total other assets 10,884 10,744
TOTAL ASSETS 70,331 69,306
CAPITALIZATION    
Common stock 4 4
Additional paid-in capital 6,451 6,411
Retained earnings 11,684 11,569
Accumulated other comprehensive income 21 56
Total common shareholder's equity 18,160 18,040
Long-term debt 23,824 23,969
Total capitalization 41,984 42,009
CURRENT LIABILITIES    
Commercial paper 1,869 691
Current maturities of long-term debt 3,822 3,766
Accounts payable 1,450 1,200
Customer deposits 452 452
Accrued interest and taxes 555 473
Derivatives 815 838
Accrued construction-related expenditures 458 839
Other 871 930
Total current liabilities 10,292 9,189
OTHER LIABILITIES AND DEFERRED CREDITS    
Asset retirement obligations 1,877 1,850
Deferred income taxes 8,306 8,144
Regulatory liabilities:    
Accrued asset removal costs 1,722 1,839
Asset retirement obligation regulatory expense difference 2,122 2,082
Other 457 462
Derivatives 396 473
Deferral related to differential membership interests - VIEs 1,933 2,001
Other 1,242 1,257
Total other liabilities and deferred credits 18,055 18,108
COMMITMENTS AND CONTINGENCIES      
TOTAL CAPITALIZATION AND LIABILITIES 70,331 69,306
FPL [Member]
   
ELECTRIC UTILITY PLANT    
Plant in service and other property 37,132 36,838
Nuclear fuel 1,329 1,240
Construction work in progress 2,241 1,818
Less accumulated depreciation and amortization (11,085) (10,944)
Total electric utility plant - net 29,617 28,952
CURRENT ASSETS    
Cash and cash equivalents 38 19
Customer receivables, net of allowances 706 757
Other receivables 111 137
Materials, supplies and fossil fuel inventory 764 742
Regulatory assets:    
Deferred clause and franchise expenses 166 192
Other 107 105
Other 237 261
Total current assets 2,129 2,213
OTHER ASSETS    
Special use funds 3,327 3,273
Prepaid benefit costs 1,154 1,142
Regulatory assets:    
Securitized storm-recovery costs ($220 and $228 related to a VIE, respectively) 358 372
Other 407 396
Other 197 140
Total other assets 5,443 5,323
TOTAL ASSETS 37,189 36,488
CAPITALIZATION    
Common stock 1,373 1,373
Additional paid-in capital 6,278 6,179
Retained earnings 5,879 5,532
Total common shareholder's equity 13,530 13,084
Long-term debt 8,443 8,473
Total capitalization 21,973 21,557
CURRENT LIABILITIES    
Commercial paper 324 204
Current maturities of long-term debt 358 356
Accounts payable 691 611
Customer deposits 447 447
Accrued interest and taxes 382 272
Accrued construction-related expenditures 150 202
Other 419 438
Total current liabilities 2,771 2,530
OTHER LIABILITIES AND DEFERRED CREDITS    
Asset retirement obligations 1,302 1,285
Deferred income taxes 6,444 6,355
Regulatory liabilities:    
Accrued asset removal costs 1,722 1,839
Asset retirement obligation regulatory expense difference 2,122 2,082
Other 387 386
Other 468 454
Total other liabilities and deferred credits 12,445 12,401
COMMITMENTS AND CONTINGENCIES      
TOTAL CAPITALIZATION AND LIABILITIES $ 37,189 $ 36,488