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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 639 $ 1,105
Customer receivables, net 3,378 2,263
Other receivables 730 711
Materials, supplies and fuel inventory 1,561 1,552
Regulatory assets 1,125 377
Derivatives 689 570
Other 1,166 804
Total current assets 9,288 7,382
Other assets:    
Property, plant and equipment – net 99,348 91,803
Special use funds 8,922 7,779
Investment in equity method investees 6,159 5,728
Prepaid benefit costs 2,243 1,707
Regulatory assets 4,578 3,712
Derivatives 1,135 1,647
Goodwill 4,844 4,254
Other 4,395 3,672
Total other assets 131,624 120,302
TOTAL ASSETS 140,912 127,684
Current liabilities:    
Commercial paper 1,382 1,551
Other short-term debt 700 458
Current portion of long-term debt 1,785 4,138
Accounts payable 6,935 4,615
Customer deposits 485 474
Accrued interest and taxes 525 519
Derivatives 1,263 311
Accrued construction-related expenditures 1,378 991
Regulatory liabilities 289 245
Other 2,695 2,256
Total current liabilities 17,437 15,558
Other liabilities and deferred credits:    
Long-term debt 50,960 41,944
Asset retirement obligations 3,082 3,057
Deferred income taxes 8,310 8,020
Regulatory liabilities 11,273 10,735
Derivatives 1,713 1,199
Other 2,468 2,242
Total other liabilities and deferred credits 77,806 67,197
TOTAL LIABILITIES 95,243 82,755
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS – VIE 245 0
EQUITY    
Common stock 20 20
Additional paid-in capital 11,271 11,222
Retained earnings 25,911 25,363
Accumulated Other Comprehensive Income (Loss), Net of Tax 0 (92)
Total common shareholders' equity 37,202 36,513
Noncontrolling interests 8,222 8,416
TOTAL EQUITY 45,424 44,929
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY 140,912 127,684
FPL [Member]    
Current assets:    
Cash and cash equivalents 55 25 [1]
Customer receivables, net 1,297 1,141 [1]
Other receivables 350 405 [1]
Materials, supplies and fuel inventory 963 899 [1]
Regulatory assets 1,111 360 [1]
Other 142 182 [1]
Total current assets 3,918 3,012 [1]
Other assets:    
Electric utility plant and other property – net 58,227 53,879 [1]
Special use funds 6,158 5,347 [1]
Prepaid benefit costs 1,657 1,550 [1]
Regulatory assets 4,343 3,399 [1]
Goodwill 2,989 2,989 [1]
Other 775 825 [1]
Total other assets 74,149 67,989 [1]
TOTAL ASSETS 78,067 71,001 [1]
Current liabilities:    
Commercial paper 1,382 1,551 [1]
Other short-term debt 200 200 [1]
Current portion of long-term debt 536 354 [1]
Accounts payable 1,318 874 [1]
Customer deposits 478 468 [1]
Accrued interest and taxes 322 300 [1]
Accrued construction-related expenditures 601 423 [1]
Regulatory liabilities 278 224 [1]
Other 643 948 [1]
Total current liabilities 5,758 5,342 [1]
Other liabilities and deferred credits:    
Long-term debt 17,974 16,882 [1]
Asset retirement obligations 2,049 1,871 [1]
Deferred income taxes 7,137 6,519 [1]
Regulatory liabilities 11,053 10,600
Other 502 559 [1]
Total other liabilities and deferred credits 38,715 36,431 [1]
TOTAL LIABILITIES 44,473 41,773 [1]
COMMITMENTS AND CONTINGENCIES [1]
EQUITY    
Common stock 1,373 1,373 [1]
Additional paid-in capital 19,936 18,236 [1]
Retained earnings 12,285 9,619 [1]
Total common shareholders' equity 33,594 29,228 [2]
TOTAL EQUITY 33,594 29,228 [1]
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY $ 78,067 $ 71,001 [1]
[1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 – Merger of FPL and Gulf Power Company.
[2] 2020 and 2019 amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 – Merger of FPL and Gulf Power Company.