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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES $ 4,204 $ 4,970 $ 8,817 $ 9,044
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 731 1,074 1,552 2,041
Other operations and maintenance 904 900 1,734 1,715
Depreciation and amortization 981 1,181 1,829 1,952
Gains on disposal of businesses/assets - net (17) (354) (290) (380)
Taxes other than income taxes and other - net 419 422 825 834
Total operating expenses - net 3,018 3,223 5,650 6,162
OPERATING INCOME 1,186 1,747 3,167 2,882
OTHER INCOME (DEDUCTIONS)        
Interest expense (320) (601) (1,630) (1,315)
Equity in earnings (losses) of equity method investees 154 (6) (236) 10
Allowance for equity funds used during construction 20 12 42 37
Interest income 11 13 23 25
Gains on disposal of investments and other property - net 2 8 26 31
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net 218 39 (110) 156
Other net periodic benefit income 47 35 99 86
Other - net (4) 16 4 31
Total other income (deductions) - net 128 (484) (1,782) (939)
INCOME BEFORE INCOME TAXES 1,314 1,263 1,385 1,943
INCOME TAX EXPENSE (BENEFIT) 185 124 (51) 198
Net Income (Loss) 1,129 1,139 1,436 1,745
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 146 95 259 169
Net Income (Loss) Attributable to Parent $ 1,275 $ 1,234 $ 1,695 $ 1,914
Earnings per share of common stock:        
Basic (in dollars per share) $ 2.60 $ 2.58 $ 3.46 $ 4.00
Assuming dilution (in dollars per share) $ 2.59 $ 2.56 $ 3.45 $ 3.97
FPL [Member]        
OPERATING REVENUES $ 2,825 $ 3,158 $ 5,365 $ 5,776
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 511 806 1,096 1,535
Other operations and maintenance 361 387 677 727
Depreciation and amortization 550 776 952 1,152
Taxes other than income taxes and other - net 338 335 660 650
Total operating expenses - net 1,760 2,304 3,385 4,064
OPERATING INCOME 1,065 854 1,980 1,712
OTHER INCOME (DEDUCTIONS)        
Interest expense (151) (152) (304) (291)
Allowance for equity funds used during construction 14 10 30 35
Other - net 1 2 2 2
Total other income (deductions) - net (136) (140) (272) (254)
INCOME BEFORE INCOME TAXES 929 714 1,708 1,458
INCOME TAX EXPENSE (BENEFIT) 180 51 317 207
Net Income (Loss) [1] $ 749 $ 663 $ 1,391 $ 1,251
[1]
FPL's comprehensive income is the same as reported net income.