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Summarized Financial Information of NEECH (Tables)
12 Months Ended
Dec. 31, 2015
Summarized Financial Information [Abstract]  
Condensed Consolidating Statements of Income
Condensed Consolidating Statements of Income

 
Year Ended  
 December 31, 2015
 
Year Ended  
 December 31, 2014
 
Year Ended  
 December 31, 2013
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
(millions)
Operating revenues
$

 
$
5,849

 
$
11,637

 
$
17,486

 
$

 
$
5,614

 
$
11,407

 
$
17,021

 
$

 
$
4,703

 
$
10,433

 
$
15,136

Operating expenses
(17
)
 
(4,142
)
 
(8,695
)
 
(12,854
)
 
(19
)
 
(4,039
)
 
(8,579
)
 
(12,637
)
 
(18
)
 
(3,983
)
 
(7,894
)
 
(11,895
)
Interest expense
(4
)
 
(764
)
 
(443
)
 
(1,211
)
 
(6
)
 
(819
)
 
(436
)
 
(1,261
)
 
(8
)
 
(705
)
 
(408
)
 
(1,121
)
Equity in earnings of subsidiaries
2,754

 

 
(2,754
)
 

 
2,494

 

 
(2,494
)
 

 
1,915

 

 
(1,915
)
 

Other income (deductions) - net
1

 
498

 
70

 
569

 
1

 
487

 
34

 
522

 
2

 
281

 
51

 
334

Income from continuing operations before income taxes
2,734

 
1,441

 
(185
)
 
3,990

 
2,470

 
1,243

 
(68
)
 
3,645

 
1,891

 
296

 
267

 
2,454

Income tax expense (benefit)
(18
)
 
299

 
947

 
1,228

 
5

 
262

 
909

 
1,176

 
(2
)
 
(55
)
 
834

 
777

Income (loss) from continuing operations
2,752

 
1,142

 
(1,132
)
 
2,762

 
2,465

 
981

 
(977
)
 
2,469

 
1,893

 
351

 
(567
)
 
1,677

Gain from discontinued operations, net of income taxes

 

 

 

 

 

 

 

 
15

 
216

 

 
231

Net income (loss)
2,752

 
1,142

 
(1,132
)
 
2,762

 
2,465

 
981

 
(977
)
 
2,469

 
1,908

 
567

 
(567
)
 
1,908

Less net income attributable to noncontrolling interests

 
10

 

 
10

 

 
4

 

 
4

 

 

 

 

Net income (loss) attributable to NEE
$
2,752

 
$
1,132

 
$
(1,132
)
 
$
2,752

 
$
2,465

 
$
977

 
$
(977
)
 
$
2,465

 
$
1,908

 
$
567

 
$
(567
)
 
$
1,908

______________________
(a)
Represents FPL and consolidating adjustments.
Condensed Consolidating Statements of Comprehensive Income
Condensed Consolidating Statements of Comprehensive Income

 
Year Ended  
 December 31, 2015
 
Year Ended  
 December 31, 2014
 
Year Ended  
 December 31, 2013
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
(millions)
Comprehensive income (loss) attributable to NEE
$
2,625

 
$
1,049

 
$
(1,049
)
 
$
2,625

 
$
2,369

 
$
924

 
$
(924
)
 
$
2,369

 
$
2,219

 
$
781

 
$
(781
)
 
$
2,219

______________________
(a)
Represents FPL and consolidating adjustments.
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets

 
December 31, 2015
 
December 31, 2014
 
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
$
27

 
$
34,921

 
$
45,382

 
$
80,330

 
$
27

 
$
31,674

 
$
41,938

 
$
73,639

Accumulated depreciation and amortization
(16
)
 
(7,067
)
 
(11,861
)
 
(18,944
)
 
(12
)
 
(6,640
)
 
(11,282
)
 
(17,934
)
Total property, plant and equipment - net
11

 
27,854

 
33,521

 
61,386

 
15

 
25,034

 
30,656

 
55,705

CURRENT ASSETS
 

 
 

 
 
 
 
 
 
 
 

 
 

 
 

Cash and cash equivalents

 
546

 
25

 
571

 

 
562

 
15

 
577

Receivables
90

 
1,510

 
665

 
2,265

 
82

 
1,378

 
699

 
2,159

Other
4

 
2,443

 
1,512

 
3,959

 
19

 
2,512

 
1,677

 
4,208

Total current assets
94

 
4,499

 
2,202

 
6,795

 
101

 
4,452

 
2,391

 
6,944

OTHER ASSETS
 

 
 

 
 
 
 
 
 
 
 

 
 

 
 

Investment in subsidiaries
22,544

 

 
(22,544
)
 

 
19,703

 

 
(19,703
)
 

Other
823

 
7,790

 
5,685

 
14,298

 
736

 
5,827

 
5,393

 
11,956

Total other assets
23,367

 
7,790

 
(16,859
)
 
14,298

 
20,439

 
5,827

 
(14,310
)
 
11,956

TOTAL ASSETS
$
23,472

 
$
40,143

 
$
18,864

 
$
82,479

 
$
20,555

 
$
35,313

 
$
18,737

 
$
74,605

CAPITALIZATION
 

 
 

 
 
 
 
 
 
 
 

 
 

 
 

Common shareholders' equity
$
22,574

 
$
6,990

 
$
(6,990
)
 
$
22,574

 
$
19,916

 
$
6,553

 
$
(6,553
)
 
$
19,916

Noncontrolling interests

 
538

 

 
538

 

 
252

 

 
252

Long-term debt

 
16,725

 
9,956

 
26,681

 

 
14,715

 
9,329

 
24,044

Total capitalization
22,574

 
24,253

 
2,966

 
49,793

 
19,916

 
21,520

 
2,776

 
44,212

CURRENT LIABILITIES
 

 
 

 
 
 
 
 
 
 
 

 
 

 
 

Debt due within one year

 
2,786

 
220

 
3,006

 

 
3,455

 
1,202

 
4,657

Accounts payable
4

 
1,919

 
606

 
2,529

 
29

 
739

 
586

 
1,354

Other
252

 
3,003

 
1,317

 
4,572

 
153

 
2,043

 
1,456

 
3,652

Total current liabilities
256

 
7,708

 
2,143

 
10,107

 
182

 
6,237

 
3,244

 
9,663

OTHER LIABILITIES AND DEFERRED CREDITS
 

 
 

 
 
 
 
 
 
 
 

 
 

 
 

Asset retirement obligations

 
647

 
1,822

 
2,469

 

 
631

 
1,355

 
1,986

Deferred income taxes
157

 
2,396

 
7,274

 
9,827

 
149

 
2,608

 
6,504

 
9,261

Other
485

 
5,139

 
4,659

 
10,283

 
308

 
4,317

 
4,858

 
9,483

Total other liabilities and deferred credits
642

 
8,182

 
13,755

 
22,579

 
457

 
7,556

 
12,717

 
20,730

COMMITMENTS AND CONTINGENCIES


 


 


 


 


 


 


 


TOTAL CAPITALIZATION AND LIABILITIES
$
23,472

 
$
40,143

 
$
18,864

 
$
82,479

 
$
20,555

 
$
35,313

 
$
18,737

 
$
74,605

______________________
(a)
Represents FPL and consolidating adjustments.

Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows

 
Year Ended  
 December 31, 2015
 
Year Ended  
 December 31, 2014
 
Year Ended  
 December 31, 2013
 
NEE
(Guar-
antor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guar-
antor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guar-
antor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
(millions)
NET CASH PROVIDED BY OPERATING ACTIVITIES
$
1,659

 
$
2,488

 
$
1,969

 
$
6,116

 
$
1,615

 
$
1,976

 
$
1,909

 
$
5,500

 
$
1,147

 
$
1,466

 
$
2,489

 
$
5,102

CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures, independent power and other investments and nuclear fuel purchases

 
(4,744
)
 
(3,633
)
 
(8,377
)
 
(1
)
 
(3,741
)
 
(3,275
)
 
(7,017
)
 

 
(3,756
)
 
(2,926
)
 
(6,682
)
Capital contributions from NEE
(1,480
)
 

 
1,480

 

 
(912
)
 

 
912

 

 
(777
)
 

 
777

 

Cash grants under the Recovery Act

 
8

 

 
8

 

 
343

 

 
343

 

 
165

 

 
165

Sale of independent power and other investments of NEER

 
52

 

 
52

 

 
307

 

 
307

 

 
165

 

 
165

Change in loan proceeds restricted for construction

 
27

 
(36
)
 
(9
)
 

 
(40
)
 

 
(40
)
 

 
228

 

 
228

Proceeds from the sale of a noncontrolling interest in subsidiaries

 
345

 

 
345

 

 
438

 

 
438

 

 

 

 

Other - net

 
9

 
(33
)
 
(24
)
 
10

 
(73
)
 
(329
)
 
(392
)
 

 
17

 
(16
)
 
1

Net cash used in investing activities
(1,480
)
 
(4,303
)
 
(2,222
)
 
(8,005
)
 
(903
)
 
(2,766
)
 
(2,692
)
 
(6,361
)
 
(777
)
 
(3,181
)
 
(2,165
)
 
(6,123
)
CASH FLOWS FROM FINANCING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Issuances of long-term debt

 
4,689

 
1,083

 
5,772

 

 
4,057

 
997

 
5,054

 

 
3,874

 
497

 
4,371

Retirements of long-term debt

 
(3,421
)
 
(551
)
 
(3,972
)
 

 
(4,395
)
 
(355
)
 
(4,750
)
 

 
(1,943
)
 
(453
)
 
(2,396
)
Proceeds from differential membership investors

 
761

 

 
761

 

 
978

 

 
978

 

 
448

 

 
448

Issuances of notes payable

 
1,125

 
100

 
1,225

 

 
500

 

 
500

 

 

 

 

Retirements of notes payable

 
(813
)
 

 
(813
)
 

 
(500
)
 

 
(500
)
 

 
(200
)
 

 
(200
)
Net change in commercial paper

 
318

 
(1,086
)
 
(768
)
 

 
(487
)
 
938

 
451

 

 
(619
)
 
99

 
(520
)
Issuances of common stock - net
1,298

 

 

 
1,298

 
633

 

 

 
633

 
842

 

 

 
842

Dividends on common stock
(1,385
)
 

 

 
(1,385
)
 
(1,261
)
 

 

 
(1,261
)
 
(1,122
)
 

 

 
(1,122
)
Dividends to NEE

 
(698
)
 
698

 

 

 
812

 
(812
)
 

 

 
502

 
(502
)
 

Other - net
(92
)
 
(162
)
 
19

 
(235
)
 
(84
)
 
(31
)
 
10

 
(105
)
 
(92
)
 
(216
)
 
15

 
(293
)
Net cash provided by (used in) financing activities
(179
)
 
1,799

 
263

 
1,883

 
(712
)
 
934

 
778

 
1,000

 
(372
)
 
1,846

 
(344
)
 
1,130

Net increase (decrease) in cash and cash equivalents

 
(16
)
 
10

 
(6
)
 

 
144

 
(5
)
 
139

 
(2
)
 
131

 
(20
)
 
109

Cash and cash equivalents at beginning of year

 
562

 
15

 
577

 

 
418

 
20

 
438

 
2

 
287

 
40

 
329

Cash and cash equivalents at end of year
$

 
$
546

 
$
25

 
$
571

 
$

 
$
562

 
$
15

 
$
577

 
$

 
$
418

 
$
20

 
$
438

______________________
(a)
Represents FPL and consolidating adjustments.