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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,462 $ 1,105
Customer receivables, net of allowances 2,648 2,263
Other receivables 638 711
Materials, supplies and fossil fuel inventory 1,604 1,552
Regulatory assets 399 377
Derivatives 496 570
Other 990 804
Total current assets 8,237 7,382
Other assets:    
Electric utility plant and other property - net 54,918 53,879
Property, plant and equipment – net 94,304 91,803
Special use funds 8,010 7,779
Investment in equity method investees 6,049 5,728
Prepaid benefit costs 1,752 1,707
Regulatory assets 3,776 3,712
Derivatives 1,618 1,647
Goodwill 4,853 4,254
Other 3,842 3,672
Total other assets 124,204 120,302
TOTAL ASSETS 132,441 127,684
Current liabilities:    
Commercial paper 2,008 1,551
Other short-term debt 758 458
Current portion of long-term debt 3,837 4,138
Accounts payable 4,400 4,615
Customer deposits 481 474
Accrued interest and taxes 726 519
Derivatives 437 311
Accrued construction-related expenditures 1,052 991
Regulatory liabilities 232 245
Other 1,852 2,256
Total current liabilities 15,783 15,558
Other liabilities and deferred credits:    
Long-term debt 46,065 41,944
Asset retirement obligations 2,902 3,057
Deferred income taxes 8,256 8,020
Regulatory liabilities 10,569 10,735
Derivatives 595 1,199
Other 2,541 2,242
Total other liabilities and deferred credits 70,928 67,197
TOTAL LIABILITIES 86,711 82,755
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock 20 20
Additional paid-in capital 11,183 11,222
Retained earnings 26,273 25,363
Accumulated other comprehensive loss (98) (92)
Total common shareholders' equity 37,378 36,513
Noncontrolling interests 8,352 8,416
TOTAL EQUITY 45,730 44,929
TOTAL LIABILITIES AND EQUITY 132,441 127,684
FPL [Member]    
Current assets:    
Cash and cash equivalents 44 25 [1]
Customer receivables, net of allowances 1,042 1,141 [1]
Other receivables 343 405 [1]
Materials, supplies and fossil fuel inventory 914 899 [1]
Regulatory assets 382 360 [1]
Other 198 182 [1]
Total current assets 2,923 3,012 [1]
Other assets:    
Electric utility plant and other property - net 54,918 53,879 [1]
Special use funds 5,517 5,347 [1]
Prepaid benefit costs 1,576 1,550 [1]
Regulatory assets 3,395 3,399 [1]
Goodwill 2,989 2,989 [1]
Other 779 825 [1]
Total other assets 69,174 67,989 [1]
TOTAL ASSETS 72,097 71,001 [1]
Current liabilities:    
Commercial paper 618 1,551 [1]
Other short-term debt 200 200 [1]
Current portion of long-term debt 354 354 [1]
Accounts payable 992 874 [1]
Customer deposits 468 468 [1]
Accrued interest and taxes 482 300 [1]
Accrued construction-related expenditures 461 423 [1]
Regulatory liabilities 223 224 [1]
Other 678 948 [1]
Total current liabilities 4,476 5,342 [1]
Other liabilities and deferred credits:    
Long-term debt 17,067 16,882 [1]
Asset retirement obligations 1,894 1,871 [1]
Deferred income taxes 6,651 6,519 [1]
Regulatory liabilities 10,431 10,600 [1]
Other 538 559 [1]
Total other liabilities and deferred credits 36,581 36,431 [1]
TOTAL LIABILITIES 41,057 41,773 [1]
COMMITMENTS AND CONTINGENCIES [1]
EQUITY    
Common stock 1,373 1,373 [1]
Additional paid-in capital 19,271 18,236 [1]
Retained earnings 10,396 9,619 [1]
TOTAL EQUITY 31,040 29,228 [2]
TOTAL LIABILITIES AND EQUITY $ 72,097 $ 71,001 [1]
[1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[2] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.