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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
OPERATING REVENUES $ 5,572 $ 4,416 [1] $ 14,616 $ 12,337 [1]
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 1,266 1,083 [1] 3,308 2,796 [1]
Other operations and maintenance 863 830 [1] 2,576 2,448 [1]
Depreciation and amortization 1,295 1,132 [1] 3,247 2,819 [1]
Losses (gains) on disposal of businesses/assets - net 2 (6) [1] (378) (48) [1]
Taxes other than income taxes and other - net 553 409 [1] 1,387 1,149 [1]
Total operating expenses - net 3,979 3,448 [1] 10,140 9,164 [1]
OPERATING INCOME 1,593 968 [1] 4,476 3,173 [1]
OTHER INCOME (DEDUCTIONS)        
Interest expense (746) (168) [1] (2,061) (788) [1]
Equity in earnings (losses) of equity method investees (90) 122 [1] (80) 371 [1],[2]
Allowance for equity funds used during construction 14 24 [1] 51 68 [1]
Interest income 16 11 [1] 41 39 [1]
Gain on NEP deconsolidation 0 0 [1] 0 3,927 [1],[2]
Gains on disposal of investments and other property - net 6 31 [1] 37 83 [1]
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net 1 30 [1] 157 22 [1]
Other net periodic benefit income 50 37 [1] 136 139 [1]
Other - net 12 11 [1] 43 30 [1]
Total other income (deductions) - net (737) 98 [1] (1,676) 3,891 [1]
INCOME BEFORE INCOME TAXES 856 1,066 [1] 2,800 7,064 [1]
INCOME TAXES 58 125 [1] 256 1,602 [1]
Net Income (Loss) 798 941 [1],[3] 2,544 5,462 [2],[3]
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 81 64 [1] 250 754 [1]
Net Income (Loss) Attributable to Parent $ 879 $ 1,005 [1] $ 2,794 $ 6,216 [1]
Earnings per share of common stock:        
Basic (in dollars per share) $ 1.82 $ 2.12 [1] $ 5.82 $ 13.18 [1]
Assuming dilution (in dollars per share) $ 1.81 $ 2.10 [1] $ 5.78 $ 13.00 [1]
Weighted-average number of common shares outstanding:        
Basic (in shares) 481.9 473.1 [1] 479.7 471.7 [1]
Assuming dilution (in shares) 486.0 477.4 [1] 483.5 475.6 [1]
FPL [Member]        
OPERATING REVENUES $ 3,491 $ 3,399 [4] $ 9,267 $ 8,927 [4]
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 943 941 [4] 2,478 2,418 [4]
Other operations and maintenance 345 383 [4] 1,070 1,115 [4]
Depreciation and amortization 853 806 [4] 2,005 1,865 [4]
Taxes other than income taxes and other - net 377 352 [4] 1,029 984 [4]
Total operating expenses - net 2,518 2,482 [4] 6,582 6,382 [4]
OPERATING INCOME 973 917 [4] 2,685 2,545 [4]
OTHER INCOME (DEDUCTIONS)        
Interest expense (152) (136) [4] (442) (410) [4]
Allowance for equity funds used during construction 11 23 [4] 46 64 [4]
Other - net 2 2 [4] 3 5 [4]
Total other income (deductions) - net (139) (111) [4] (393) (341) [4]
INCOME BEFORE INCOME TAXES 834 806 [4] 2,292 2,204 [4]
INCOME TAXES 151 152 [4] 358 440 [4]
Net Income (Loss) [5] $ 683 $ 654 [4] $ 1,934 $ 1,764 [4],[6]
[1] Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[2] Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[3] Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[4]
Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[5]
FPL's comprehensive income is the same as reported net income.
[6] Amounts have been retrospectively adjusted for an accounting standards update related to leases.