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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 4,825 $ 5,367
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,949 4,272
Nuclear fuel and other amortization 230 198
Unrealized losses (gains) on marked to market derivative contracts – net 514 (2,494)
Foreign currency transaction losses (gains) (1) 71
Deferred income taxes 550 466
Cost recovery clauses and franchise fees 946 1,020
Equity in losses (earnings) of equity method investees (599) 721
Distributions of earnings from equity method investees 641 520
Gains on disposal of businesses, assets and investments – net (450) (137)
Recoverable storm-related costs (139) (366)
Other – net (36) 40
Changes in operating assets and liabilities:    
Current assets (146) (206)
Noncurrent assets (137) (330)
Current liabilities 1,004 (757)
Noncurrent liabilities 128 38
Net cash provided by operating activities 11,279 8,423
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (6,221) (7,279)
Independent power and other investments of NEER (13,436) (11,456)
Nuclear fuel purchases (334) (126)
Other capital expenditures (117) (49)
Sale of independent power and other investments of NEER 2,208 1,353
Proceeds from sale or maturity of securities in special use funds 3,318 3,539
Purchases of securities in special use funds (3,770) (4,759)
Other – net (32) 0
Net cash used in investing activities (18,384) (18,777)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 16,175 9,978
Retirements of long-term debt (8,941) (5,084)
Net change in commercial paper (680) 2,276
Proceeds from other short-term debt 6,358 1,925
Repayments of other short-term debt (1,473) (638)
Payments to related parties under a cash sweep and credit support agreement – net (1,460) (206)
Issuances of common stock/equity units – net (7) 4,505
Dividends on common stock (3,176) (2,823)
Other – net (537) (230)
Net cash provided by (used in) financing activities 6,259 9,703
Effects of currency translation on cash, cash equivalents and restricted cash 0 (12)
Net increase (decrease) in cash, cash equivalents and restricted cash (846) (663)
Cash, cash equivalents and restricted cash at beginning of period 3,420 3,441
Cash, cash equivalents and restricted cash at end of period 2,574 2,778
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 1,924 1,797
Cash paid (received) for income taxes – net (615) 323
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 4,384 6,148
Right-of-use asset in exchange for finance lease liability 482 119
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 3,698 3,406
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,971 2,743
Nuclear fuel and other amortization 137 116
Deferred income taxes 234 (83)
Cost recovery clauses and franchise fees 946 1,020
Recoverable storm-related costs (139) (366)
Other – net (5) 1
Changes in operating assets and liabilities:    
Current assets (151) (648)
Noncurrent assets (109) (142)
Current liabilities 768 891
Noncurrent liabilities (9) 17
Net cash provided by operating activities 7,341 6,955
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (6,221) (7,279)
Nuclear fuel purchases (188) (79)
Proceeds from sale or maturity of securities in special use funds 2,271 2,651
Purchases of securities in special use funds (2,398) (2,908)
Other – net 0 (30)
Net cash used in investing activities (6,536) (7,645)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 3,205 5,478
Retirements of long-term debt (1,720) (1,548)
Net change in commercial paper (1,524) 460
Repayments of other short-term debt (255) 0
Capital contributions from NEE 3,400 0
Dividends on common stock (3,700) (3,565)
Other – net (43) (70)
Net cash provided by (used in) financing activities (637) 755
Net increase (decrease) in cash, cash equivalents and restricted cash 168 65
Cash, cash equivalents and restricted cash at beginning of period 72 58
Cash, cash equivalents and restricted cash at end of period 240 123
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 731 640
Cash paid (received) for income taxes – net 657 590
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 674 $ 785
[1] FPL's comprehensive income is the same as reported net income.