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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 3,246 $ 2,827 $ 2,369
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 4,503 3,924 4,052
Nuclear fuel and other amortization 287 290 263
Unrealized losses on marked to market derivative contracts – net 1,378 2,005 533
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net 461 (267) (163)
Foreign currency transaction losses (gains) (104) (94) 45
Deferred income taxes 534 436 (78)
Cost recovery clauses and franchise fees (1,465) (599) (121)
Equity in losses (earnings) of equity method investees (203) (666) 1,351
Distributions of earnings from equity method investees 541 526 456
Gains on disposal of businesses, assets and investments – net (602) (146) (403)
Recoverable storm-related costs (811) (138) (69)
Other – net 85 (59) 352
Changes in operating assets and liabilities:      
Current assets (1,340) (1,267) (364)
Noncurrent assets (89) (324) (234)
Current liabilities 1,702 1,053 (6)
Noncurrent liabilities 139 52 0
Net cash provided by operating activities 8,262 7,553 7,983
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (9,067) (7,408) (7,489)
Independent power and other investments of NEER (9,541) (8,247) (6,851)
Nuclear fuel purchases (223) (275) (245)
Other capital expenditures (452) (147) (25)
Sale of independent power and other investments of NEER 1,564 2,761 1,012
Proceeds from sale or maturity of securities in special use funds and other investments 3,857 4,995 3,916
Purchases of securities in special use funds and other investments (4,586) (5,310) (4,100)
Other – net 89 40 83
Net cash used in investing activities (18,359) (13,591) (13,699)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 13,856 16,683 12,404
Retirements of long-term debt (4,525) (9,594) (6,103)
Proceeds from differential membership investors 4,158 2,779 3,522
Net change in commercial paper 327 (169) (965)
Proceeds from other short-term debt 1,755 0 2,158
Repayments of other short-term debt (1,125) (257) (2,100)
Payments from (to) related parties under a cash sweep and credit support agreement – net 240 47 (2)
Issuances of common stock/equity units – net 1,460 14  
Payments of common stock/equity units - net     (92)
Proceeds from sale of noncontrolling interests 0 65 501
Dividends on common stock (3,352) (3,024) (2,743)
Other – net (565) (737) (406)
Net cash provided by financing activities 12,229 5,807 6,174
Effects of currency translation on cash, cash equivalents and restricted cash (7) 1 (20)
Net increase (decrease) in cash, cash equivalents and restricted cash 2,125 (230) 438
Cash, cash equivalents and restricted cash at beginning of year 1,316 1,546 1,108
Cash, cash equivalents and restricted cash at end of year 3,441 1,316 1,546
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,375 1,323 1,432
Cash paid (received) for income taxes – net (32) (69) 235
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 6,005 4,995 4,445
Decrease in property, plant and equipment - net and contract liabilities 668 155 0
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 204 120 90
Increase in property, plant and equipment related to an acquisition 0 0 68
Decrease in joint venture investments related to an acquisition 0 0 145
FPL [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 3,701 3,206 2,890 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,695 2,266 2,526
Nuclear fuel and other amortization 177 174 167
Deferred income taxes 942 752 629
Cost recovery clauses and franchise fees (1,465) (599) (121)
Recoverable storm-related costs (811) (138) (69)
Other – net 16 (157) 35
Changes in operating assets and liabilities:      
Current assets (534) (49) (164)
Noncurrent assets (73) (114) (77)
Current liabilities 175 20 31
Noncurrent liabilities 71 (3) (31)
Net cash provided by operating activities 4,894 5,358 5,816
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (9,067) (7,411) (7,476)
Nuclear fuel purchases (118) (159) (203)
Proceeds from sale or maturity of securities in special use funds and other investments 2,437 3,308 2,488
Purchases of securities in special use funds and other investments (2,607) (3,394) (2,567)
Other – net (3) 15 65
Net cash used in investing activities (9,358) (7,641) (7,693)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 2,942 2,588 3,003
Retirements of long-term debt (441) (1,304) (1,603)
Net change in commercial paper 327 (169) (123)
Capital contributions from NEE 3,625 1,700 2,750
Dividends on common stock (2,000) (540) (2,210)
Other – net (39) (44) (44)
Net cash provided by financing activities 4,414 2,231 1,773
Net increase (decrease) in cash, cash equivalents and restricted cash (50) (52) (104)
Cash, cash equivalents and restricted cash at beginning of year 108 160 264
Cash, cash equivalents and restricted cash at end of year 58 108 160
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 707 586 620
Cash paid (received) for income taxes – net 22 (1) 105
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions $ 1,024 $ 1,107 $ 698
[1] FPL's comprehensive income is the same as reported net income.