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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 464 $ 1,937
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,095 898
Nuclear fuel and other amortization 81 90
Unrealized losses (gains) on marked to market derivative contracts – net 964 (351)
Foreign currency transaction losses (gains) 8 (26)
Deferred income taxes (400) 398
Cost recovery clauses and franchise fees (133) 308
Equity in losses (earnings) of equity method investees 646 (203)
Distributions of earnings from equity method investees 123 170
Gains on disposal of businesses, assets and investments – net (34) (73)
Recoverable storm-related costs (177) (31)
Other – net 122 (62)
Changes in operating assets and liabilities:    
Current assets 222 330
Noncurrent assets (61) (2)
Current liabilities (259) (353)
Noncurrent liabilities 108 47
Net cash provided by operating activities 2,769 3,077
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (2,341) (2,237)
Independent power and other investments of NEER (5,441) (7,243)
Nuclear fuel purchases (153) (140)
Other capital expenditures (7) (91)
Sale of independent power and other investments of NEER 238 565
Proceeds from sale or maturity of securities in special use funds 1,257 951
Purchases of securities in special use funds (1,292) (1,078)
Other – net 15 (48)
Net cash used in investing activities (7,724) (9,321)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 9,840 7,811
Retirements of long-term debt (2,852) (3,994)
Net change in commercial paper 335 (308)
Proceeds from other short-term debt 850 3,408
Repayments of other short-term debt (850) (155)
Cash swept from (repayments to) related parties – net (45) (68)
Issuances of common stock/equity units 11 6
Dividends on common stock (1,166) (1,058)
Other – net (20) (604)
Net cash provided by financing activities 6,103 5,038
Effects of currency translation on cash, cash equivalents and restricted cash 0 (1)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,148 (1,207)
Cash, cash equivalents and restricted cash at beginning of period 1,402 3,420
Cash, cash equivalents and restricted cash at end of period 2,550 2,213
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 631 519
Cash paid (received) for income taxes (114) (195)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 4,182 2,702
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 1,316 1,172
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 408 303
Nuclear fuel and other amortization 35 44
Deferred income taxes 135 175
Cost recovery clauses and franchise fees (133) 308
Recoverable storm-related costs (177) (31)
Other – net 4 (18)
Changes in operating assets and liabilities:    
Current assets 23 183
Noncurrent assets (59) (20)
Current liabilities 363 145
Noncurrent liabilities (6) 4
Net cash provided by operating activities 1,909 2,265
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (2,341) (2,237)
Nuclear fuel purchases (51) (108)
Proceeds from sale or maturity of securities in special use funds 751 690
Purchases of securities in special use funds (792) (729)
Other – net 80 (9)
Net cash used in investing activities (2,353) (2,393)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 1,996 0
Retirements of long-term debt (22) (1,220)
Net change in commercial paper (980) (2,024)
Repayments of other short-term debt 0 (55)
Capital contributions from NEE 0 3,400
Dividends on common stock (100) 0
Other – net (31) (8)
Net cash provided by financing activities 863 93
Net increase (decrease) in cash, cash equivalents and restricted cash 419 (35)
Cash, cash equivalents and restricted cash at beginning of period 133 72
Cash, cash equivalents and restricted cash at end of period 552 37
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 173 192
Cash paid (received) for income taxes 10 65
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 875 $ 705
[1] FPL's comprehensive income is the same as reported net income.