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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 3,233 $ 4,349
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,307 2,315
Nuclear fuel and other amortization 152 129
Unrealized losses (gains) on marked to market derivative contracts – net 172 (2,203)
Foreign currency transaction losses (gains) (32) 81
Deferred income taxes 622 630
Cost recovery clauses and franchise fees 606 671
Equity in earnings of equity method investees (362) (233)
Distributions of earnings from equity method investees 322 358
Gains on disposal of businesses, assets and investments – net (218) (101)
Recoverable storm-related costs (55) (353)
Other – net 12 (76)
Changes in operating assets and liabilities:    
Current assets (380) 579
Noncurrent assets (56) (190)
Current liabilities 584 (1,207)
Noncurrent liabilities 103 10
Net cash provided by operating activities 7,010 4,759
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (4,260) (4,664)
Independent power and other investments of NEER (10,023) (8,249)
Nuclear fuel purchases (245) (111)
Other capital expenditures (106) (23)
Sale of independent power and other investments of NEER 951 1,001
Proceeds from sale or maturity of securities in special use funds 2,186 2,029
Purchases of securities in special use funds (2,549) (2,929)
Other – net (80) 132
Net cash used in investing activities (14,126) (12,814)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 14,111 9,978
Retirements of long-term debt (6,499) (4,959)
Net change in commercial paper (472) 577
Proceeds from other short-term debt 3,258 1,925
Repayments of other short-term debt (855) (238)
Payments to related parties under a cash sweep and credit support agreement – net (830) (255)
Issuances of common stock/equity units – net (34) 2,503
Dividends on common stock (2,115) (1,876)
Other – net (764) (287)
Net cash provided by financing activities 5,800 7,368
Effects of currency translation on cash, cash equivalents and restricted cash (2) 0
Net increase (decrease) in cash, cash equivalents and restricted cash (1,318) (687)
Cash, cash equivalents and restricted cash at beginning of period 3,420 3,441
Cash, cash equivalents and restricted cash at end of period 2,102 2,754
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 1,006 1,151
Cash paid (received) for income taxes – net (387) 138
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 3,497 6,019
Right-of-use asset in exchange for finance lease liability 313 57
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 2,404 2,223
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 997 1,319
Nuclear fuel and other amortization 90 73
Deferred income taxes 206 82
Cost recovery clauses and franchise fees 606 671
Recoverable storm-related costs (55) (353)
Other – net (18) 20
Changes in operating assets and liabilities:    
Current assets (148) (163)
Noncurrent assets (45) (97)
Current liabilities 454 402
Noncurrent liabilities (3) 13
Net cash provided by operating activities 4,488 4,190
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (4,260) (4,664)
Nuclear fuel purchases (148) (68)
Proceeds from sale or maturity of securities in special use funds 1,506 1,411
Purchases of securities in special use funds (1,592) (1,377)
Other – net (30) 21
Net cash used in investing activities (4,524) (4,677)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 2,688 5,478
Retirements of long-term debt (1,720) (1,548)
Net change in commercial paper (445) (1,264)
Repayments of other short-term debt (55) 0
Capital contributions from NEE 3,400 0
Dividends on common stock (3,700) (2,065)
Other – net (35) (68)
Net cash provided by financing activities 133 533
Net increase (decrease) in cash, cash equivalents and restricted cash 97 46
Cash, cash equivalents and restricted cash at beginning of period 72 58
Cash, cash equivalents and restricted cash at end of period 169 104
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 561 456
Cash paid (received) for income taxes – net 383 118
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 881 $ 766
[1] FPL's comprehensive income is the same as reported net income.