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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 5,367 $ 1,979
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,272 3,332
Nuclear fuel and other amortization 198 211
Unrealized losses (gains) on marked to market derivative contracts – net (2,494) 1,924
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net 10 569
Foreign currency transaction losses (gains) 71 (162)
Deferred income taxes 466 208
Cost recovery clauses and franchise fees 1,020 (1,295)
Equity in losses (earnings) of equity method investees 721 (180)
Distributions of earnings from equity method investees 520 408
Gains on disposal of businesses, assets and investments – net (137) (279)
Recoverable storm-related costs (366) (26)
Other – net 30 (29)
Changes in operating assets and liabilities:    
Current assets (206) (1,238)
Noncurrent assets (330) (66)
Current liabilities (757) 1,809
Noncurrent liabilities 38 102
Net cash provided by operating activities 8,423 7,267
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (7,279) (6,021)
Independent power and other investments of NEER (11,456) (7,252)
Nuclear fuel purchases (126) (105)
Other capital expenditures (49) (451)
Sale of independent power and other investments of NEER 1,353 575
Proceeds from sale or maturity of securities in special use funds 3,539 2,896
Purchases of securities in special use funds (4,759) (3,496)
Other – net 0 5
Net cash used in investing activities (18,777) (13,849)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 9,978 11,616
Retirements of long-term debt (5,084) (2,137)
Proceeds from differential membership investors 337 443
Net change in commercial paper 2,276 (457)
Proceeds from other short-term debt 1,925 1,725
Repayments of other short-term debt (638) (525)
Payments from (to) related parties under a cash sweep and credit support agreement – net (206) 8
Issuances of common stock/equity units – net 4,505 1,458
Dividends on common stock (2,823) (2,507)
Other – net (567) (386)
Net cash provided by financing activities 9,703 9,238
Effects of currency translation on cash, cash equivalents and restricted cash (12) (5)
Net increase (decrease) in cash, cash equivalents and restricted cash (663) 2,651
Cash, cash equivalents and restricted cash at beginning of period 3,441 1,316
Cash, cash equivalents and restricted cash at end of period 2,778 3,967
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 1,797 828
Cash paid (received) for income taxes – net 323 (36)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 6,148 6,079
Decrease in property, plant and equipment – net and contract liabilities (2023 activity, see Note 11) 251 639
Retained Earnings [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) 6,100 2,625
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 3,406 2,939
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,743 2,006
Nuclear fuel and other amortization 116 135
Deferred income taxes (83) 771
Cost recovery clauses and franchise fees 1,020 (1,295)
Recoverable storm-related costs (366) (26)
Other – net 1 9
Changes in operating assets and liabilities:    
Current assets (648) (934)
Noncurrent assets (142) (48)
Current liabilities 891 899
Noncurrent liabilities 17 94
Net cash provided by operating activities 6,955 4,550
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (7,279) (6,021)
Nuclear fuel purchases (79) (67)
Proceeds from sale or maturity of securities in special use funds 2,651 1,738
Purchases of securities in special use funds (2,908) (1,833)
Other – net (30) (7)
Net cash used in investing activities (7,645) (6,190)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 5,478 2,942
Retirements of long-term debt (1,548) (441)
Net change in commercial paper 460 (1,382)
Capital contributions from NEE 0 3,700
Dividends on common stock (3,565) (2,000)
Other – net (70) (36)
Net cash provided by financing activities 755 2,783
Net increase (decrease) in cash, cash equivalents and restricted cash 65 1,143
Cash, cash equivalents and restricted cash at beginning of period 58 108
Cash, cash equivalents and restricted cash at end of period 123 1,251
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 640 476
Cash paid (received) for income taxes – net 590 145
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 785 946
Florida Power & Light Company | Retained Earnings [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) 3,406 2,939
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends on common stock $ 3,565 $ 2,000
[1] FPL's comprehensive income is the same as reported net income.