XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.19.2

Summarized Financial Information of NEECH (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Summarized Financial Information [Abstract] |
Condensed Consolidating Statements of Income | Condensed Consolidating Statements of Income
| Three Months Ended June 30,
| 2019 |  | 2018(a)
| NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated |  | NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
Operating revenues | $ | — |  |  | $ | 1,474 |  |  | $ | 3,496 |  |  | $ | 4,970 |  |  | $ | — |  |  | $ | 1,189 |  |  | $ | 2,874 |  |  | $ | 4,063 |
Operating expenses - net | (41 | ) |  | (606 | ) |  | (2,576 | ) |  | (3,223 | ) |  | (58 | ) |  | (905 | ) |  | (1,954 | ) |  | (2,917 | )
Interest expense | (1 | ) |  | (434 | ) |  | (166 | ) |  | (601 | ) |  | (10 | ) |  | (244 | ) |  | (140 | ) |  | (394 | )
Equity in earnings of subsidiaries | 1,235 |  |  | — |  |  | (1,235 | ) |  | — |  |  | 794 |  |  | — |  |  | (794 | ) |  | — |
Equity in earnings (losses) of equity method investees | — |  |  | (6 | ) |  | — |  |  | (6 | ) |  | — |  |  | 52 |  |  | — |  |  | 52 |
Other income - net | 36 |  |  | 75 |  |  | 12 |  |  | 123 |  |  | 52 |  |  | 38 |  |  | 19 |  |  | 109 |
Income (loss) before income taxes | 1,229 |  |  | 503 |  |  | (469 | ) |  | 1,263 |  |  | 778 |  |  | 130 |  |  | 5 |  |  | 913 |
Income tax expense (benefit) | (5 | ) |  | 68 |  |  | 61 |  |  | 124 |  |  | (3 | ) |  | 54 |  |  | 175 |  |  | 226 |
Net income (loss) | 1,234 |  |  | 435 |  |  | (530 | ) |  | 1,139 |  |  | 781 |  |  | 76 |  |  | (170 | ) |  | 687 |
Net loss attributable to noncontrolling interests | — |  |  | 95 |  |  | — |  |  | 95 |  |  | — |  |  | 94 |  |  | — |  |  | 94 |
Net income (loss) attributable to NEE | $ | 1,234 |  |  | $ | 530 |  |  | $ | (530 | ) |  | $ | 1,234 |  |  | $ | 781 |  |  | $ | 170 |  |  | $ | (170 | ) |  | $ | 781 |
| Six Months Ended June 30,
| 2019 |  | 2018(a)
| NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated |  | NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
Operating revenues | $ | — |  |  | $ | 2,640 |  |  | $ | 6,404 |  |  | $ | 9,044 |  |  | $ | — |  |  | $ | 2,460 |  |  | $ | 5,460 |  |  | $ | 7,920 |
Operating expenses - net | (97 | ) |  | (1,480 | ) |  | (4,585 | ) |  | (6,162 | ) |  | (113 | ) |  | (1,764 | ) |  | (3,838 | ) |  | (5,715 | )
Interest expense | (2 | ) |  | (996 | ) |  | (317 | ) |  | (1,315 | ) |  | (11 | ) |  | (336 | ) |  | (273 | ) |  | (620 | )
Equity in earnings of subsidiaries | 1,929 |  |  | — |  |  | (1,929 | ) |  | — |  |  | 5,158 |  |  | — |  |  | (5,158 | ) |  | — |
Equity in earnings of equity method investees | — |  |  | 10 |  |  | — |  |  | 10 |  |  | — |  |  | 249 |  |  | — |  |  | 249 |
Gain on NEP deconsolidation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,927 |  |  | — |  |  | 3,927 |
Other income - net | 87 |  |  | 242 |  |  | 37 |  |  | 366 |  |  | 102 |  |  | 90 |  |  | 44 |  |  | 236 |
Income (loss) before income taxes | 1,917 |  |  | 416 |  |  | (390 | ) |  | 1,943 |  |  | 5,136 |  |  | 4,626 |  |  | (3,765 | ) |  | 5,997 |
Income tax expense (benefit) | 3 |  |  | (26 | ) |  | 221 |  |  | 198 |  |  | (76 | ) |  | 1,264 |  |  | 288 |  |  | 1,476 |
Net income (loss) | 1,914 |  |  | 442 |  |  | (611 | ) |  | 1,745 |  |  | 5,212 |  |  | 3,362 |  |  | (4,053 | ) |  | 4,521 |
Net loss attributable to noncontrolling interests | — |  |  | 169 |  |  | — |  |  | 169 |  |  | — |  |  | 691 |  |  | — |  |  | 691 |
Net income (loss) attributable to NEE | $ | 1,914 |  |  | $ | 611 |  |  | $ | (611 | ) |  | $ | 1,914 |  |  | $ | 5,212 |  |  | $ | 4,053 |  |  | $ | (4,053 | ) |  | $ | 5,212 |
———————————————
(a) | Amounts have been retrospectively adjusted for an accounting standards update related to leases.
(b) Represents primarily FPL and consolidating adjustments.
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statements of Comprehensive Income
| Three Months Ended June 30,
| 2019 |  | 2018(a)
| NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated |  | NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
Comprehensive income (loss) attributable to NEE | $ | 1,256 |  |  | $ | 553 |  |  | $ | (553 | ) |  | $ | 1,256 |  |  | $ | 786 |  |  | $ | 176 |  |  | $ | (176 | ) |  | $ | 786 |
| Six Months Ended June 30,
| 2019 |  | 2018(a)
| NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated |  | NEE (Guarantor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
Comprehensive income (loss) attributable to NEE | $ | 1,912 |  |  | $ | 663 |  |  | $ | (663 | ) |  | $ | 1,912 |  |  | $ | 5,256 |  |  | $ | 4,100 |  |  | $ | (4,100 | ) |  | $ | 5,256 |
———————————————
(a) | Amounts have been retrospectively adjusted for an accounting standards update related to leases.
(b) | Represents primarily FPL and consolidating adjustments.
Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets
| June 30, 2019 |  | December 31, 2018
| NEE (Guaran- tor) |  | NEECH |  | Other(a) |  | NEE Consoli- dated |  | NEE (Guaran- tor) |  | NEECH |  | Other(a) |  | NEE Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
PROPERTY, PLANT AND EQUIPMENT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric plant in service and other property | $ | 354 |  |  | $ | 37,709 |  |  | $ | 61,988 |  |  | $ | 100,051 |  |  | $ | 220 |  |  | $ | 37,145 |  |  | $ | 54,718 |  |  | $ | 92,083 |
Accumulated depreciation and amortization | (85 | ) |  | (8,874 | ) |  | (14,956 | ) |  | (23,915 | ) |  | (58 | ) |  | (8,473 | ) |  | (13,218 | ) |  | (21,749 | )
Total property, plant and equipment - net | 269 |  |  | 28,835 |  |  | 47,032 |  |  | 76,136 |  |  | 162 |  |  | 28,672 |  |  | 41,500 |  |  | 70,334 |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 1 |  |  | 913 |  |  | 105 |  |  | 1,019 |  |  | (1 | ) |  | 525 |  |  | 114 |  |  | 638 |
Receivables | 161 |  |  | 1,641 |  |  | 1,319 |  |  | 3,121 |  |  | 292 |  |  | 1,771 |  |  | 906 |  |  | 2,969 |
Other | 7 |  |  | 1,783 |  |  | 1,541 |  |  | 3,331 |  |  | 5 |  |  | 1,425 |  |  | 1,356 |  |  | 2,786 |
Total current assets | 169 |  |  | 4,337 |  |  | 2,965 |  |  | 7,471 |  |  | 296 |  |  | 3,721 |  |  | 2,376 |  |  | 6,393 |
OTHER ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries | 34,585 |  |  | — |  |  | (34,585 | ) |  | — |  |  | 33,397 |  |  | — |  |  | (33,397 | ) |  | — |
Investment in equity method investees | — |  |  | 7,202 |  |  | — |  |  | 7,202 |  |  | — |  |  | 6,748 |  |  | — |  |  | 6,748 |
Goodwill | 1 |  |  | 593 |  |  | 2,902 |  |  | 3,496 |  |  | 1 |  |  | 587 |  |  | 303 |  |  | 891 |
Other | 511 |  |  | 6,543 |  |  | 9,193 |  |  | 16,247 |  |  | 937 |  |  | 5,890 |  |  | 12,509 |  |  | 19,336 |
Total other assets | 35,097 |  |  | 14,338 |  |  | (22,490 | ) |  | 26,945 |  |  | 34,335 |  |  | 13,225 |  |  | (20,585 | ) |  | 26,975 |
TOTAL ASSETS | $ | 35,535 |  |  | $ | 47,510 |  |  | $ | 27,507 |  |  | $ | 110,552 |  |  | $ | 34,793 |  |  | $ | 45,618 |  |  | $ | 23,291 |  |  | $ | 103,702 |
CAPITALIZATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common shareholders' equity | $ | 34,910 |  |  | $ | 8,785 |  |  | $ | (8,785 | ) |  | $ | 34,910 |  |  | $ | 34,144 |  |  | $ | 7,917 |  |  | $ | (7,917 | ) |  | $ | 34,144 |
Noncontrolling interests | — |  |  | 3,516 |  |  | — |  |  | 3,516 |  |  | — |  |  | 3,269 |  |  | — |  |  | 3,269 |
Redeemable noncontrolling interests | — |  |  | 68 |  |  | — |  |  | 68 |  |  | — |  |  | 468 |  |  | — |  |  | 468 |
Long-term debt | — |  |  | 19,478 |  |  | 14,469 |  |  | 33,947 |  |  | — |  |  | 15,094 |  |  | 11,688 |  |  | 26,782 |
Total capitalization | 34,910 |  |  | 31,847 |  |  | 5,684 |  |  | 72,441 |  |  | 34,144 |  |  | 26,748 |  |  | 3,771 |  |  | 64,663 |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt due within one year | — |  |  | 6,657 |  |  | 1,113 |  |  | 7,770 |  |  | — |  |  | 9,579 |  |  | 1,351 |  |  | 10,930 |
Accounts payable | 2 |  |  | 1,893 |  |  | 703 |  |  | 2,598 |  |  | 32 |  |  | 1,730 |  |  | 624 |  |  | 2,386 |
Other | 409 |  |  | 1,613 |  |  | 2,022 |  |  | 4,044 |  |  | 168 |  |  | 2,364 |  |  | 1,715 |  |  | 4,247 |
Total current liabilities | 411 |  |  | 10,163 |  |  | 3,838 |  |  | 14,412 |  |  | 200 |  |  | 13,673 |  |  | 3,690 |  |  | 17,563 |
OTHER LIABILITIES AND DEFERRED CREDITS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset retirement obligations | — |  |  | 1,018 |  |  | 2,365 |  |  | 3,383 |  |  | — |  |  | 988 |  |  | 2,147 |  |  | 3,135 |
Deferred income taxes | (406 | ) |  | 2,748 |  |  | 5,744 |  |  | 8,086 |  |  | (157 | ) |  | 2,778 |  |  | 4,746 |  |  | 7,367 |
Other | 620 |  |  | 1,734 |  |  | 9,876 |  |  | 12,230 |  |  | 606 |  |  | 1,431 |  |  | 8,937 |  |  | 10,974 |
Total other liabilities and deferred credits | 214 |  |  | 5,500 |  |  | 17,985 |  |  | 23,699 |  |  | 449 |  |  | 5,197 |  |  | 15,830 |  |  | 21,476 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL CAPITALIZATION AND LIABILITIES | $ | 35,535 |  |  | $ | 47,510 |  |  | $ | 27,507 |  |  | $ | 110,552 |  |  | $ | 34,793 |  |  | $ | 45,618 |  |  | $ | 23,291 |  |  | $ | 103,702 |
——————————————— (a) Represents primarily FPL and consolidating adjustments.
Condensed Cash Flow Statement | Condensed Consolidating Statements of Cash Flows
| Six Months Ended June 30,
| 2019 |  | 2018(a)
| NEE (Guaran- tor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated |  | NEE (Guaran- tor) |  | NEECH |  | Other(b) |  | NEE Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | 1,737 |  |  | $ | 558 |  |  | $ | 986 |  |  | $ | 3,281 |  |  | $ | 2,005 |  |  | $ | 1,459 |  |  | $ | (528 | ) |  | $ | 2,936 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures, independent power and other investments and nuclear fuel purchases | (153 | ) |  | (2,637 | ) |  | (7,110 | ) |  | (9,900 | ) |  | (71 | ) |  | (3,348 | ) |  | (2,504 | ) |  | (5,923 | )
Capital contributions from NEE | (386 | ) |  | — |  |  | 386 |  |  | — |  |  | (854 | ) |  | — |  |  | 854 |  |  | — |
Sale of independent power and other investments of NEER | — |  |  | 995 |  |  | — |  |  | 995 |  |  | — |  |  | 311 |  |  | — |  |  | 311 |
Proceeds from sale or maturity of securities in special use funds and other investments | — |  |  | 783 |  |  | 1,276 |  |  | 2,059 |  |  | — |  |  | 687 |  |  | 1,101 |  |  | 1,788 |
Purchases of securities in special use funds and other investments | — |  |  | (772 | ) |  | (1,333 | ) |  | (2,105 | ) |  | — |  |  | (764 | ) |  | (1,228 | ) |  | (1,992 | )
Distributions from equity method investees of independent power investments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 633 |  |  | — |  |  | 633 |
Other - net | 18 |  |  | 18 |  |  | 24 |  |  | 60 |  |  | 12 |  |  | (206 | ) |  | 22 |  |  | (172 | )
Net cash used in investing activities | (521 | ) |  | (1,613 | ) |  | (6,757 | ) |  | (8,891 | ) |  | (913 | ) |  | (2,687 | ) |  | (1,755 | ) |  | (5,355 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuances of long-term debt | — |  |  | 5,751 |  |  | 1,803 |  |  | 7,554 |  |  | — |  |  | 1,281 |  |  | 1,594 |  |  | 2,875 |
Retirements of long-term debt | — |  |  | (1,722 | ) |  | (154 | ) |  | (1,876 | ) |  | — |  |  | (415 | ) |  | (799 | ) |  | (1,214 | )
Net change in commercial paper | — |  |  | 2,013 |  |  | (381 | ) |  | 1,632 |  |  | — |  |  | 1,405 |  |  | (700 | ) |  | 705 |
Proceeds from other short-term debt | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 200 |  |  | — |  |  | 200 |
Repayments of other short-term debt | — |  |  | (4,600 | ) |  | — |  |  | (4,600 | ) |  | — |  |  | — |  |  | (250 | ) |  | (250 | )
Payments from related parties under CSCS agreement - net | — |  |  | 671 |  |  | — |  |  | 671 |  |  | — |  |  | 50 |  |  | — |  |  | 50 |
Issuances of common stock - net | 26 |  |  | — |  |  | — |  |  | 26 |  |  | 11 |  |  | — |  |  | — |  |  | 11 |
Dividends on common stock | (1,197 | ) |  | — |  |  | — |  |  | (1,197 | ) |  | (1,047 | ) |  | — |  |  | — |  |  | (1,047 | )
Contributions from (dividends to) NEE | — |  |  | (80 | ) |  | 80 |  |  | — |  |  | — |  |  | (2,408 | ) |  | 2,408 |  |  | — |
Other - net | (43 | ) |  | (93 | ) |  | (22 | ) |  | (158 | ) |  | (56 | ) |  | (56 | ) |  | (31 | ) |  | (143 | )
Net cash provided by (used in) financing activities | (1,214 | ) |  | 1,940 |  |  | 1,326 |  |  | 2,052 |  |  | (1,092 | ) |  | 57 |  |  | 2,222 |  |  | 1,187 |
Effects of currency translation on cash, cash equivalents and restricted cash | — |  |  | 8 |  |  | — |  |  | 8 |  |  | — |  |  | (15 | ) |  | — |  |  | (15 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | 2 |  |  | 893 |  |  | (4,445 | ) |  | (3,550 | ) |  | — |  |  | (1,186 | ) |  | (61 | ) |  | (1,247 | )
Cash, cash equivalents and restricted cash at beginning of period | (1 | ) |  | 533 |  |  | 4,721 |  |  | 5,253 |  |  | 1 |  |  | 1,807 |  |  | 175 |  |  | 1,983 |
Cash, cash equivalents and restricted cash at end of period | $ | 1 |  |  | $ | 1,426 |  |  | $ | 276 |  |  | $ | 1,703 |  |  | $ | 1 |  |  | $ | 621 |  |  | $ | 114 |  |  | $ | 736 |
———————————————
(a) | Amounts have been retrospectively adjusted for an accounting standards update related to leases.
(b) Represents primarily FPL and consolidating adjustments.

X
- Definition Summarized Financial Information [Abstract] + References No definition available. + Details
Name: | nee_SummarizedFinancialInformationAbstract
Namespace Prefix: | nee_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration