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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES $ 4,808 $ 4,805 $ 13,185 $ 12,457
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 1,176 1,217 3,093 3,105
Other operations and maintenance 769 833 2,400 2,474
Merger 2 123 17 129
Depreciation and amortization 1,070 983 2,576 2,262
Gains on disposal of a business/assets - net (5) (4) (1,106) (257)
Taxes other than income taxes and other - net 397 374 1,115 1,062
Total operating expenses - net 3,409 3,526 8,095 8,775
OPERATING INCOME 1,399 1,279 5,090 3,682
OTHER INCOME (DEDUCTIONS)        
Interest expense (381) (369) (1,171) (1,480)
Benefits associated with differential membership interests - net 67 59 311 220
Equity in earnings of equity method investees 56 70 153 147
Allowance for equity funds used during construction 21 20 68 62
Interest income 20 23 59 61
Gains on disposal of investments and other property - net 15 9 64 36
Revaluation of contingent consideration 0 101 0 118
Other - net 23 15 7 21
Total other deductions - net (179) (72) (509) (815)
INCOME BEFORE INCOME TAXES 1,220 1,207 4,581 2,867
INCOME TAXES 364 418 1,329 879
Net Income (Loss) 856 789 3,252 1,988
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 9 36 29 42
Net income (loss) attributable to NEE $ 847 $ 753 $ 3,223 $ 1,946
Earnings per share of common stock:        
Basic (in dollars per share) $ 1.80 $ 1.63 $ 6.88 $ 4.21
Assuming dilution (in dollars per share) 1.79 1.62 6.83 4.19
Dividends per share of common stock (in dollars per share) $ 0.9825 $ 0.87 $ 2.9475 $ 2.61
Weighted-average number of common shares outstanding:        
Basic (in shares) 469.4 463.3 468.3 461.7
Assuming dilution (in shares) 473.5 466.0 472.0 464.7
FPL [Member]        
OPERATING REVENUES $ 3,477 $ 3,283 $ 9,095 $ 8,337
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 1,036 1,045 2,696 2,556
Other operations and maintenance 362 403 1,137 1,203
Depreciation and amortization 704 587 1,514 1,207
Taxes other than income taxes and other - net 353 327 975 908
Total operating expenses - net 2,455 2,362 6,322 5,874
OPERATING INCOME 1,022 921 2,773 2,463
OTHER INCOME (DEDUCTIONS)        
Interest expense (121) (114) (360) (342)
Allowance for equity funds used during construction 20 17 55 55
Other - net 1 0 2 3
Total other deductions - net (100) (97) (303) (284)
INCOME BEFORE INCOME TAXES 922 824 2,470 2,179
INCOME TAXES 356 309 933 823
Net income (loss) attributable to NEE [1] $ 566 $ 515 $ 1,537 $ 1,356
[1] FPL's comprehensive income is the same as reported net income.