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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ (693) $ 1,498
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 885 749
Nuclear fuel and other amortization 75 74
Unrealized losses (gains) on marked to market derivative contracts – net 1,634 (320)
Foreign currency transaction gains (20) (51)
Deferred income taxes (14) 297
Cost recovery clauses and franchise fees (12) (86)
Equity in losses (earnings) of equity method investees 453 (440)
Distributions of earnings from equity method investees 120 121
Gains on disposal of businesses, assets and investments – net (41) (43)
Other – net 54 (239)
Changes in operating assets and liabilities:    
Current assets (183) (445)
Noncurrent assets (23) (128)
Current liabilities (302) 247
Noncurrent liabilities 29 58
Net cash provided by operating activities 1,962 1,292
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (2,167) (1,520)
Independent power and other investments of NEER (2,593) (2,999)
Nuclear fuel purchases (20) (57)
Other capital expenditures (113) 1
Proceeds from sale or maturity of securities in special use funds 1,084 1,377
Purchases of securities in special use funds (1,212) (1,460)
Other – net 328 238
Net cash used in investing activities (4,693) (4,420)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 4,309 4,616
Retirements of long-term debt (493) (432)
Net change in commercial paper 373 458
Proceeds from other short-term debt 700 0
Repayments of other short-term debt 0 (200)
Payments from related parties under a cash sweep and credit support agreement – net 78 74
Issuances of common stock/equity units – net 1 4
Dividends (836) (755)
Other – net 21 (22)
Net cash provided by (used in) financing activities 4,153 3,743
Effects of currency translation on cash, cash equivalents and restricted cash 0 4
Net increase (decrease) in cash, cash equivalents and restricted cash 1,422 619
Cash, cash equivalents and restricted cash at beginning of period 1,316 1,546
Cash, cash equivalents and restricted cash at end of period 2,738 2,165
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 4,954 3,825
Decrease in construction work in progress and contract liability (See Note 11) 551 0
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 875 777
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 463 339
Nuclear fuel and other amortization 45 43
Deferred income taxes 191 175
Cost recovery clauses and franchise fees (12) (86)
Other – net (7) (101)
Changes in operating assets and liabilities:    
Current assets (54) 132
Noncurrent assets (26) (11)
Current liabilities 11 16
Noncurrent liabilities 45 (10)
Net cash provided by operating activities 1,531 1,274
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (2,167) (1,520)
Nuclear fuel purchases (5) (25)
Proceeds from sale or maturity of securities in special use funds 693 1,001
Purchases of securities in special use funds (722) (1,032)
Other – net (15) 1
Net cash used in investing activities (2,216) (1,575)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 2,498 184
Net change in commercial paper 198 (932)
Capital contributions from NEE 0 1,035
Dividends (2,000) 0
Other – net (22) (8)
Net cash provided by (used in) financing activities 674 279
Net increase (decrease) in cash, cash equivalents and restricted cash (11) (22)
Cash, cash equivalents and restricted cash at beginning of period 108 160
Cash, cash equivalents and restricted cash at end of period 97 138
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 802 $ 826
[1] FPL's comprehensive income is the same as reported net income.