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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 6,282 $ 3,246 $ 2,827
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 5,879 4,503 3,924
Nuclear fuel and other amortization 272 287 290
Unrealized losses (gains) on marked to market derivative contracts – net (1,949) 1,378 2,005
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net (159) 461 (267)
Foreign currency transaction losses (gains) 92 (104) (94)
Deferred income taxes 708 534 436
Cost recovery clauses and franchise fees 1,104 (1,465) (599)
Equity in losses (earnings) of equity method investees 648 (203) (666)
Distributions of earnings from equity method investees 712 541 526
Gains on disposal of businesses, assets and investments – net (530) (602) (146)
Recoverable storm-related costs (399) (811) (138)
Other – net 34 85 (59)
Changes in operating assets and liabilities:      
Current assets 58 (1,340) (1,267)
Noncurrent assets (408) (89) (324)
Current liabilities (1,109) 1,702 1,053
Noncurrent liabilities 66 139 52
Net cash provided by operating activities 11,301 8,262 7,553
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (9,302) (9,067) (7,408)
Independent power and other investments of NEER (15,565) (9,541) (8,247)
Nuclear fuel purchases (185) (223) (275)
Other capital expenditures (61) (452) (147)
Proceeds from the sale of Florida City Gas business 924 0 0
Sale of independent power and other investments of NEER 1,883 1,564 2,761
Proceeds from sale or maturity of securities in special use funds and other investments 4,875 3,857 4,995
Purchases of securities in special use funds and other investments (5,926) (4,586) (5,310)
Other – net (110) 89 40
Net cash used in investing activities (23,467) (18,359) (13,591)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 13,857 13,856 16,683
Retirements of long-term debt (7,978) (4,525) (9,594)
Proceeds from differential membership investors 2,745 4,158 2,779
Net change in commercial paper 2,941 327 (169)
Proceeds from other short-term debt 1,980 1,755 0
Repayments of other short-term debt (2,613) (1,125) (257)
Payments from related parties under a cash sweep and credit support agreement – net 1,213 240 47
Issuances of common stock/equity units – net 4,514 1,460 14
Proceeds from sale of noncontrolling interests 0 0 65
Dividends on common stock (3,782) (3,352) (3,024)
Other – net (728) (565) (737)
Net cash provided by financing activities 12,149 12,229 5,807
Effects of currency translation on cash, cash equivalents and restricted cash (4) (7) 1
Net increase (decrease) in cash, cash equivalents and restricted cash (21) 2,125 (230)
Cash, cash equivalents and restricted cash at beginning of year 3,441 1,316 1,546
Cash, cash equivalents and restricted cash at end of year 3,420 3,441 1,316
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 2,463 1,375 1,323
Cash paid (received) for income taxes – net 321 (32) (69)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 7,104 6,005 4,995
Decrease in property, plant and equipment - net and contract liabilities 251 668 155
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 124 204 120
FPL [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 4,552 3,701 3,206 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,789 2,695 2,266
Nuclear fuel and other amortization 158 177 174
Deferred income taxes (161) 942 752
Cost recovery clauses and franchise fees 1,104 (1,465) (599)
Gains on disposal of businesses, assets and investments – net (407) (4) (1)
Recoverable storm-related costs (399) (811) (138)
Other – net (27) 20 (156)
Changes in operating assets and liabilities:      
Current assets (200) (534) (49)
Noncurrent assets (185) (73) (114)
Current liabilities 60 175 20
Noncurrent liabilities 12 71 (3)
Net cash provided by operating activities 8,296 4,894 5,358
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (9,302) (9,067) (7,411)
Nuclear fuel purchases (98) (118) (159)
Proceeds from the sale of Florida City Gas business 924 0 0
Proceeds from sale or maturity of securities in special use funds and other investments 3,730 2,437 3,308
Purchases of securities in special use funds and other investments (3,754) (2,607) (3,394)
Other – net (15) (3) 15
Net cash used in investing activities (8,515) (9,358) (7,641)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 5,678 2,942 2,588
Retirements of long-term debt (1,548) (441) (1,304)
Net change in commercial paper 665 327 (169)
Proceeds from other short-term debt 55 0 0
Capital contributions from NEE 0 3,625 1,700
Dividends on common stock (4,545) (2,000) (540)
Other – net (72) (39) (44)
Net cash provided by financing activities 233 4,414 2,231
Net increase (decrease) in cash, cash equivalents and restricted cash 14 (50) (52)
Cash, cash equivalents and restricted cash at beginning of year 58 108 160
Cash, cash equivalents and restricted cash at end of year 72 58 108
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,034 707 586
Cash paid (received) for income taxes – net 981 22 (1)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions $ 958 $ 1,024 $ 1,107
[1] FPL's comprehensive income is the same as reported net income.