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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 2,104 $ 3,233
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,868 2,307
Nuclear fuel and other amortization 165 152
Unrealized losses on marked to market derivative contracts – net 1,003 172
Foreign currency transaction losses (gains) 56 (32)
Deferred income taxes (512) 622
Cost recovery clauses and franchise fees (159) 606
Equity in losses (earnings) of equity method investees 469 (362)
Distributions of earnings from equity method investees 181 322
Gains on disposal of businesses, assets and investments – net (155) (218)
Recoverable storm-related costs (346) (55)
Other – net 230 12
Changes in operating assets and liabilities:    
Current assets (501) (380)
Noncurrent assets (183) (56)
Current liabilities 521 584
Noncurrent liabilities 217 103
Net cash provided by operating activities 5,958 7,010
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (4,285) (4,260)
Independent power and other investments of NEER (9,056) (10,023)
Nuclear fuel purchases (279) (245)
Other capital expenditures (6) (106)
Sale of independent power and other investments of NEER 309 951
Proceeds from sale or maturity of securities in special use funds 2,810 2,186
Purchases of securities in special use funds (3,060) (2,549)
Other – net 22 (80)
Net cash used in investing activities (13,545) (14,126)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 12,996 14,111
Retirements of long-term debt (5,160) (6,499)
Net change in commercial paper 2,357 (472)
Proceeds from other short-term debt 1,400 3,258
Repayments of other short-term debt (850) (855)
Cash swept from (repayments to) related parties – net (129) (830)
Issuances of common stock/equity units 22 20
Dividends on common stock (2,332) (2,115)
Other – net (144) (818)
Net cash provided by financing activities 8,160 5,800
Effects of currency translation on cash, cash equivalents and restricted cash 7 (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 580 (1,318)
Cash, cash equivalents and restricted cash at beginning of period 1,402 3,420
Cash, cash equivalents and restricted cash at end of period 1,982 2,102
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 1,502 1,006
Cash swept from (repayments to) related parties – net (353) (387)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 3,545 3,497
Right-of-use asset in exchange for finance lease liability 266 313
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 2,591 2,404
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,488 997
Nuclear fuel and other amortization 74 90
Deferred income taxes 141 206
Cost recovery clauses and franchise fees (159) 606
Recoverable storm-related costs (346) (55)
Other – net 16 (18)
Changes in operating assets and liabilities:    
Current assets (461) (148)
Noncurrent assets (83) (45)
Current liabilities 587 454
Noncurrent liabilities (7) (3)
Net cash provided by operating activities 3,841 4,488
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (4,285) (4,260)
Nuclear fuel purchases (98) (148)
Proceeds from sale or maturity of securities in special use funds 1,720 1,506
Purchases of securities in special use funds (1,810) (1,592)
Other – net 35 (30)
Net cash used in investing activities (4,438) (4,524)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 1,996 2,688
Retirements of long-term debt (1,122) (1,720)
Net change in commercial paper (103) (445)
Repayments of other short-term debt 0 (55)
Capital contributions from NEE 0 3,400
Dividends on common stock (100) (3,700)
Other – net (36) (35)
Net cash provided by financing activities 635 133
Net increase (decrease) in cash, cash equivalents and restricted cash 38 97
Cash, cash equivalents and restricted cash at beginning of period 133 72
Cash, cash equivalents and restricted cash at end of period 171 169
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 606 561
Cash swept from (repayments to) related parties – net 115 383
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 960 $ 881
[1] FPL's comprehensive income is the same as reported net income.