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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
OPERATING REVENUES $ 4,029 $ 3,833 $ 7,703 $ 7,112
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,373 1,262 2,771 2,327
Other operations and maintenance 768 764 1,524 1,520
Impairment charge 0 0 0 300
Depreciation and amortization 614 500 1,076 918
Taxes other than income taxes and other 323 326 642 632
Total operating expenses 3,078 2,852 6,013 5,697
OPERATING INCOME 951 981 1,690 1,415
OTHER INCOME (DEDUCTIONS)        
Interest expense (305) (266) (624) (537)
Benefits associated with differential membership interests - net 58 42 122 82
Equity in earnings of equity method investees 20 9 22 5
Allowance for equity funds used during construction 6 12 21 38
Interest income 21 19 42 38
Gains on disposal of assets - net 33 9 77 21
Gain (loss) associated with Maine fossil 0 0 21 (67)
Other - net 0 15 (6) 12
Total other deductions - net (167) (160) (325) (408)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 784 821 [1] 1,365 1,007
INCOME TAXES 292 211 [1] 444 355
INCOME FROM CONTINUING OPERATIONS 492 610 921 652 [2]
GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 0 0 0 231 [2],[3]
NET INCOME 492 610 [1] 921 883
Earnings per share of common stock:        
Continuing operations $ 1.13 $ 1.45 $ 2.12 $ 1.54
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.55
Net income $ 1.13 $ 1.45 $ 2.12 $ 2.09
Continuing operations, assuming dilution $ 1.12 $ 1.44 $ 2.10 $ 1.54
Discontinued operations, assuming dilution $ 0.00 $ 0.00 $ 0.00 $ 0.54
Net Income $ 1.12 $ 1.44 $ 2.10 $ 2.08
Dividends per share of common stock $ 0.725 $ 0.66 $ 1.45 $ 1.32
Weighted-average number of common shares outstanding:        
Basic 434.1 421.8 433.8 421.4
Assuming dilution 440.1 424.8 439.3 424.3
FPL [Member]
       
OPERATING REVENUES 2,889 2,696 5,424 4,885
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,076 1,018 2,112 1,838
Other operations and maintenance 388 426 771 811
Depreciation and amortization 349 248 557 429
Taxes other than income taxes and other 294 280 570 540
Total operating expenses 2,107 1,972 4,010 3,618
OPERATING INCOME 782 724 1,414 1,267
OTHER INCOME (DEDUCTIONS)        
Interest expense (111) (104) (213) (205)
Allowance for equity funds used during construction 6 12 21 30
Other - net 1 0 2 0
Total other deductions - net (104) (92) (190) (175)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 678 632 1,224 1,092
INCOME TAXES 255 241 454 413
NET INCOME $ 423 [4] $ 391 [4] $ 770 [4] $ 679 [4]
[1] Represents FPL and consolidating adjustments.
[2] Prior year amounts were restated to conform to current year's presentation. See Note 4 - Nonrecurring Fair Value Measurements
[3] See Note 6.
[4] (a)FPL's comprehensive income is the same as reported net income.