XML 28 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summarized Financial Information of Capital Holdings (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]      
NEECH a 100% owned subsidiary of NEE 100.00%    
Condensed Consolidating Statements of Income      
Operating revenues $ 3,674 $ 3,279  
Operating expenses (2,936) (2,845)  
Interest expense (319) (272)  
Equity in earnings of subsidiaries 0 0  
Other income (deductions) - net 164 23 [1]  
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 583 185 [1]  
Income tax expense (benefit) 153 144 [1]  
Income (loss) from continuing operations 430 41 [1],[2]  
GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 0 231 [1],[2],[3]  
Net income (loss) 430 272  
COMPREHENSIVE INCOME 395 391  
PROPERTY, PLANT AND EQUIPMENT      
Electric plant in service and other property 70,367   69,448
Less accumulated depreciation and amortization (17,061)   (16,728)
Total property, plant and equipment - net 53,306   52,720
CURRENT ASSETS      
Cash and cash equivalents 488 215  
Receivables 2,551   2,289
Other 3,102   3,115
Total current assets 6,141   5,842
OTHER ASSETS      
Investment in subsidiaries 0   0
Other 10,884   10,744
Total other assets 10,884   10,744
TOTAL ASSETS 70,331   69,306
CAPITALIZATION      
Common shareholders' equity 18,160   18,040
Long-term debt 23,824   23,969
Total capitalization 41,984   42,009
CURRENT LIABILITIES      
Debt due within one year 5,691   4,457
Accounts payable 1,450   1,200
Other 3,151   3,532
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
Other 7,872   8,114
Total other liabilities and deferred credits 18,055   18,108
COMMITMENTS AND CONTINGENCIES        
TOTAL CAPITALIZATION AND LIABILITIES 70,331   69,306
Condensed Consolidating Statements of Cash Flows      
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,017 1,082  
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures, independent power and other investments and nuclear fuel purchases (1,866) (1,867)  
Capital contribution to FPL 0 0  
Cash grants under the Recovery Act 0 170  
Change in loan proceeds restricted for construction (28) 112  
Other - net 52 7  
Net cash used in investing activities (1,842) (1,578)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 655 623  
Retirements of long-term debt (717) (923)  
Net change in short-term debt 1,179 966  
Issuances of common stock 25 8  
Dividends on common stock (315) (279)  
Other Financing Activities, Not Otherwise Separately Disclosed 73 (5)  
Proceeds from (Payments for) Other Financing Activities 70 7  
Net cash provided by (used in) financing activities 875 382  
Net increase (decrease) in cash and cash equivalents 50 (114)  
Cash and cash equivalents at beginning of period 438 329  
Cash and cash equivalents at end of period 488 215  
NextEra Energy (Guarantor) [Member]
     
Condensed Consolidating Statements of Income      
Operating revenues 0 0  
Operating expenses (4) (3)  
Interest expense (2) (2)  
Equity in earnings of subsidiaries 435 249  
Other income (deductions) - net 1 (2) [1]  
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 430 242 [1]  
Income tax expense (benefit) 0 (15)  
Income (loss) from continuing operations 430 257 [1]  
GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 0 15 [1]  
Net income (loss) 430 272  
COMPREHENSIVE INCOME 395 391  
PROPERTY, PLANT AND EQUIPMENT      
Electric plant in service and other property 31   31
Less accumulated depreciation and amortization (11)   (10)
Total property, plant and equipment - net 20   21
CURRENT ASSETS      
Cash and cash equivalents 5 0  
Receivables 121   78
Other 210   6
Total current assets 336   84
OTHER ASSETS      
Investment in subsidiaries 17,962   17,910
Other 764   694
Total other assets 18,726   18,604
TOTAL ASSETS 19,082   18,709
CAPITALIZATION      
Common shareholders' equity 18,160   18,040
Long-term debt 0   0
Total capitalization 18,160   18,040
CURRENT LIABILITIES      
Debt due within one year 0   0
Accounts payable 0   0
Other 390   199
Total current liabilities 390   199
OTHER LIABILITIES AND DEFERRED CREDITS      
Asset retirement obligations 0   0
Deferred income taxes 251   166
Other 281   304
Total other liabilities and deferred credits 532   470
TOTAL CAPITALIZATION AND LIABILITIES 19,082   18,709
Condensed Consolidating Statements of Cash Flows      
NET CASH PROVIDED BY OPERATING ACTIVITIES 428 350  
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures, independent power and other investments and nuclear fuel purchases 0 0  
Capital contribution to FPL (100) 0  
Cash grants under the Recovery Act 0 0  
Change in loan proceeds restricted for construction 0 0  
Other - net 0 (52)  
Net cash used in investing activities (100) (52)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 0 0  
Retirements of long-term debt 0 0  
Net change in short-term debt 0 0  
Dividends on common stock (315) (279)  
Proceeds from (Payments for) Other Financing Activities (8) (21)  
Net cash provided by (used in) financing activities (323) (300)  
Net increase (decrease) in cash and cash equivalents 5 (2)  
Cash and cash equivalents at beginning of period 0 2  
Cash and cash equivalents at end of period 5 0  
Capital Holdings Consolidated [Member]
     
Condensed Consolidating Statements of Income      
Operating revenues 1,142 1,094  
Operating expenses (1,032) (1,200)  
Interest expense (216) (170)  
Equity in earnings of subsidiaries 0 0  
Other income (deductions) - net 148 5 [1]  
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 42 (271) [1]  
Income tax expense (benefit) (46) (16) [1]  
Income (loss) from continuing operations 88 (255) [1]  
GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 0 216 [1]  
Net income (loss) 88 (39)  
COMPREHENSIVE INCOME 48 73  
PROPERTY, PLANT AND EQUIPMENT      
Electric plant in service and other property 29,634   29,511
Less accumulated depreciation and amortization (5,965)   (5,774)
Total property, plant and equipment - net 23,669   23,737
CURRENT ASSETS      
Cash and cash equivalents 445 179  
Receivables 2,107   1,542
Other 1,623   1,814
Total current assets 4,175   3,774
OTHER ASSETS      
Investment in subsidiaries 0   0
Other 5,129   5,129
Total other assets 5,129   5,129
TOTAL ASSETS 32,973   32,640
CAPITALIZATION      
Common shareholders' equity 4,432   4,816
Long-term debt 15,381   15,496
Total capitalization 19,813   20,312
CURRENT LIABILITIES      
Debt due within one year 5,009   3,896
Accounts payable 758   589
Other 1,864   2,203
Total current liabilities 7,631   6,688
OTHER LIABILITIES AND DEFERRED CREDITS      
Asset retirement obligations 575   565
Deferred income taxes 1,982   1,963
Other 2,972   3,112
Total other liabilities and deferred credits 5,529   5,640
TOTAL CAPITALIZATION AND LIABILITIES 32,973   32,640
Condensed Consolidating Statements of Cash Flows      
NET CASH PROVIDED BY OPERATING ACTIVITIES 147 295  
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures, independent power and other investments and nuclear fuel purchases (798) (1,046)  
Capital contribution to FPL 0 0  
Cash grants under the Recovery Act 0 170  
Change in loan proceeds restricted for construction (28) 112  
Other - net 58 29  
Net cash used in investing activities (768) (735)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 655 623  
Retirements of long-term debt (688) (496)  
Net change in short-term debt 1,059 166  
Dividends on common stock 0 0  
Proceeds from (Payments for) Other Financing Activities (378) 39  
Net cash provided by (used in) financing activities 648 332  
Net increase (decrease) in cash and cash equivalents 27 (108)  
Cash and cash equivalents at beginning of period 418 287  
Cash and cash equivalents at end of period 445 179  
Other Consolidated Entity And Consolidation Eliminations [Member]
     
Condensed Consolidating Statements of Income      
Operating revenues 2,532 [4] 2,185 [4]  
Operating expenses (1,900) [4] (1,642) [4]  
Interest expense (101) [4] (100) [4]  
Equity in earnings of subsidiaries (435) [4] (249) [4]  
Other income (deductions) - net 15 [4] 20 [1],[4]  
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 111 [4] 214 [1],[4]  
Income tax expense (benefit) 199 [4] 175 [1],[4]  
Income (loss) from continuing operations (88) [4] 39 [4]  
GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 0 [4] 0 [4]  
Net income (loss) (88) [4] 39 [4]  
COMPREHENSIVE INCOME (48) [4] (73) [4]  
PROPERTY, PLANT AND EQUIPMENT      
Electric plant in service and other property 40,702 [4]   39,906 [4]
Less accumulated depreciation and amortization (11,085) [4]   (10,944) [4]
Total property, plant and equipment - net 29,617 [4]   28,962 [4]
CURRENT ASSETS      
Cash and cash equivalents 38 [4] 36 [4]  
Receivables 323 [4]   669 [4]
Other 1,269 [4]   1,295 [4]
Total current assets 1,630 [4]   1,984 [4]
OTHER ASSETS      
Investment in subsidiaries (17,962) [4]   (17,910) [4]
Other 4,991 [4]   4,921 [4]
Total other assets (12,971) [4]   (12,989) [4]
TOTAL ASSETS 18,276 [4]   17,957 [4]
CAPITALIZATION      
Common shareholders' equity (4,432) [4]   (4,816) [4]
Long-term debt 8,443 [4]   8,473 [4]
Total capitalization 4,011 [4]   3,657 [4]
CURRENT LIABILITIES      
Debt due within one year 682 [4]   561 [4]
Accounts payable 692 [4]   611 [4]
Other 897 [4]   1,130 [4]
Total current liabilities 2,271 [4]   2,302 [4]
OTHER LIABILITIES AND DEFERRED CREDITS      
Asset retirement obligations 1,302 [4]   1,285 [4]
Deferred income taxes 6,073 [4]   6,015 [4]
Other 4,619 [4]   4,698 [4]
Total other liabilities and deferred credits 11,994 [4]   11,998 [4]
TOTAL CAPITALIZATION AND LIABILITIES 18,276 [4]   17,957 [4]
Condensed Consolidating Statements of Cash Flows      
NET CASH PROVIDED BY OPERATING ACTIVITIES 442 [4] 437 [4]  
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures, independent power and other investments and nuclear fuel purchases (1,068) [4] (821) [4]  
Capital contribution to FPL 100 [4] 0 [4]  
Cash grants under the Recovery Act 0 [4] 0 [4]  
Change in loan proceeds restricted for construction 0 [4] 0 [4]  
Other - net (6) [4] 30 [4]  
Net cash used in investing activities (974) [4] (791) [4]  
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 0 [4] 0 [4]  
Retirements of long-term debt (29) [4] (427) [4]  
Net change in short-term debt 120 [4] 800 [4]  
Dividends on common stock 0 [4] 0 [4]  
Proceeds from (Payments for) Other Financing Activities 459 [4] (23) [4]  
Net cash provided by (used in) financing activities 550 [4] 350 [4]  
Net increase (decrease) in cash and cash equivalents 18 [4] (4) [4]  
Cash and cash equivalents at beginning of period 20 [4] 40 [4]  
Cash and cash equivalents at end of period $ 38 [4] $ 36 [4]  
[1] Certain amounts were restated to conform to current year's presentation. See Note 3 - Nonrecurring Fair Value Measurements
[2] (c)Prior year amounts were restated to conform to current year's presentation. See Note 3 - Nonrecurring Fair Value Measurements.
[3] See Note 5.
[4] Represents FPL and consolidating adjustments.