XML 46 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,005 $ 2,762 $ 2,469
NET INCOME 2,912 2,752 2,465
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,077 2,831 2,551
Nuclear fuel and other amortization 300 372 345
Unrealized gains on marked to market derivative contracts - net (44) (337) (411)
Foreign currency transaction losses 13 0 0
Deferred income taxes 1,230 1,162 1,205
Cost recovery clauses and franchise fees 94 176 (67)
Purchased power agreement termination 0 (521) 0
Benefits associated with differential membership interests - net (309) (216) (199)
Gains on disposal of assets - net (490) (89) (133)
Recoverable storm-related costs (223) 0 0
Other - net (94) 68 278
Changes in operating assets and liabilities:      
Current assets (120) 73 (172)
Noncurrent assets (67) (106) (220)
Current liabilities (24) 64 (134)
Noncurrent liabilities (12) (123) (12)
Net cash provided by operating activities 6,336 6,116 5,500
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (3,776) (3,428) (3,067)
Independent power and other investments of NEER (5,396) (4,505) (3,588)
Cash grants under the American Recovery and Reinvestment Act of 2009 335 8 343
Nuclear fuel purchases (283) (361) (287)
Other capital expenditures and other investments (181) (83) (75)
Sale of independent power and other investments of NEER 658 52 307
Proceeds from sale or maturity of securities in special use funds and other investments 3,776 4,851 4,621
Purchases of securities in special use funds and other investments (3,829) (4,982) (4,767)
Proceeds from the sale of a noncontrolling interest in subsidiaries 645 345 438
Other - net (59) 98 (286)
Net cash used in investing activities (8,110) (8,005) (6,361)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 5,657 5,772 5,054
Retirements of long-term debt (3,310) (3,972) (4,750)
Proceeds from differential membership investors 1,859 761 978
Payments to differential membership investors (122) (92) (71)
Proceeds from other short-term debt 500 1,225 500
Repayments of other short-term debt (662) (813) (500)
Net change in commercial paper (106) (768) 451
Issuances of common stock - net 537 1,298 633
Dividends on common stock (1,612) (1,385) (1,261)
Other - net (246) (143) (34)
Net cash provided by (used in) financing activities 2,495 1,883 1,000
Net increase (decrease) in cash and cash equivalents 721 (6) 139
Cash and cash equivalents at beginning of year 571 577 438
Cash and cash equivalents at end of year 1,292 571 577
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,193 1,143 1,181
Cash paid for income taxes - net 91 33 46
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 3,626 2,616 956
Assumption of debt/acquisition holdbacks in connection with Texas pipeline acquisition 0 1,078 0
Decrease in property, plant and equipment - net as a result of cash grants under the American Recovery and Reinvestment Act of 2009 419 224 161
Decrease (increase) in property, plant and equipment as a result of a settlement (72) (45) 181
Proceeds from differential membership investors used to reduce debt 100 0 0
FPL [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME [1] 1,727 1,648 1,517
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,651 1,576 1,432
Nuclear fuel and other amortization 218 209 201
Deferred income taxes 932 504 601
Cost recovery clauses and franchise fees 94 176 (67)
Purchased power agreement termination 0 (521) 0
Recoverable storm-related costs (223) 0 0
Other - net 42 (56) 94
Changes in operating assets and liabilities:      
Current assets 26 (89) (125)
Noncurrent assets (31) (53) (103)
Current liabilities 16 40 (70)
Noncurrent liabilities (86) (41) (26)
Net cash provided by operating activities 4,366 3,393 3,454
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (3,776) (3,428) (3,067)
Nuclear fuel purchases (158) (205) (174)
Proceeds from sale or maturity of securities in special use funds and other investments 2,495 3,731 3,349
Purchases of securities in special use funds and other investments (2,506) (3,792) (3,414)
Other - net (15) 19 (268)
Net cash used in investing activities (3,960) (3,675) (3,574)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 309 1,084 997
Retirements of long-term debt (262) (551) (355)
Proceeds from other short-term debt 500 100 0
Repayments of other short-term debt (450) 0 0
Net change in commercial paper 212 (1,086) 938
Capital contributions from NEE 600 1,454 100
Dividends on common stock (1,300) (700) (1,550)
Other - net (5) (10) (15)
Net cash provided by (used in) financing activities (396) 291 115
Net increase (decrease) in cash and cash equivalents 10 9 (5)
Cash and cash equivalents at beginning of year 23 14 19
Cash and cash equivalents at end of year 33 23 14
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 434 435 417
Cash paid for income taxes - net 147 439 342
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions $ 664 $ 474 $ 404
[1] FPL's comprehensive income is the same as reported net income