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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING REVENUES $ 4,805 $ 4,954 $ 12,457 $ 13,417
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,217 1,472 3,105 4,151
Other operations and maintenance 833 819 2,474 2,353
Merger-related 123 7 129 20
Depreciation and amortization 983 798 2,262 2,082
Taxes other than income taxes and other - net 370 377 805 1,054
Total operating expenses 3,526 3,473 8,775 9,660
OPERATING INCOME 1,279 1,481 3,682 3,757
OTHER INCOME (DEDUCTIONS)        
Interest expense (369) (311) (1,480) (912)
Benefits associated with differential membership interests - net 59 40 220 151
Equity in earnings of equity method investees 70 51 147 87
Allowance for equity funds used during construction 20 20 62 48
Interest income 23 22 61 65
Gains on disposal of assets - net 9 15 36 42
Other Than Temporary Impairment Losses On Securities Held In Nuclear Decommissioning Funds (2) (24) (19) (32)
Revaluation of contingent consideration 101 0 118 0
Other - net 17 8 40 27
Total other deductions - net (72) (179) (815) (524)
INCOME BEFORE INCOME TAXES 1,207 1,302 2,867 3,233
INCOME TAXES 418 421 879 981
Net Income (Loss) 789 881 1,988 2,252
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 36 2 42 7
Net Income (Loss) Attributable to Parent $ 753 $ 879 $ 1,946 $ 2,245
Earnings per share of common stock:        
Basic $ 1.63 $ 1.94 $ 4.21 $ 5.02
Assuming dilution 1.62 1.93 4.19 4.97
Dividends per share of common stock $ 0.87 $ 0.77 $ 2.61 $ 2.31
Weighted-average number of common shares outstanding:        
Basic 463.3 454.1 461.7 447.3
Assuming dilution 466.0 456.0 464.7 451.3
FPL [Member]        
OPERATING REVENUES $ 3,283 $ 3,274 $ 8,337 $ 8,812
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,045 1,195 2,556 3,298
Other operations and maintenance 403 410 1,203 1,147
Depreciation and amortization 587 485 1,207 1,154
Taxes other than income taxes and other - net 327 329 908 910
Total operating expenses 2,362 2,419 5,874 6,509
OPERATING INCOME 921 855 2,463 2,303
OTHER INCOME (DEDUCTIONS)        
Interest expense (114) (110) (342) (337)
Allowance for equity funds used during construction 17 20 55 46
Other - net 0 (2) 3 (1)
Total other deductions - net (97) (92) (284) (292)
INCOME BEFORE INCOME TAXES 824 763 2,179 2,011
INCOME TAXES 309 274 823 728
Net Income (Loss) Attributable to Parent [1] $ 515 $ 489 $ 1,356 $ 1,283
[1] (a)FPL's comprehensive income is the same as reported net income.