XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
OPERATING REVENUES $ 4,970 $ 4,063 [1] $ 9,044 $ 7,920 [1]
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 1,074 894 [1] 2,041 1,713 [1]
Other operations and maintenance 900 848 [1] 1,715 1,618 [1]
Acquisition-related 6 1 [1] 22 1 [1]
Depreciation and amortization 1,181 831 [1] 1,952 1,688 [1]
Gains on disposal of businesses/assets - net (354) (28) [1] (380) (42) [1]
Taxes other than income taxes and other - net 416 371 [1] 812 737 [1]
Total operating expenses - net 3,223 2,917 [1] 6,162 5,715 [1]
OPERATING INCOME 1,747 1,146 [1] 2,882 2,205 [1]
OTHER INCOME (DEDUCTIONS)        
Interest expense (601) (394) [1] (1,315) (620) [1]
Equity in earnings (losses) of equity method investees (6) 52 [1] 10 249 [1],[2]
Allowance for equity funds used during construction 12 22 [1] 37 44 [1]
Interest income 13 10 [1] 25 28 [1]
Gain on NEP deconsolidation 0 0 [1] 0 3,927 [1],[2]
Gains on disposal of investments and other property - net 8 3 [1] 31 53 [1]
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net 39 13 [1] 156 (7) [1]
Other net periodic benefit income 35 51 [1] 86 102 [1]
Other - net 16 10 [1] 31 16 [1]
Total other income (deductions) - net (484) (233) [1] (939) 3,792 [1]
INCOME BEFORE INCOME TAXES 1,263 913 [1] 1,943 5,997 [1]
INCOME TAXES 124 226 [1] 198 1,476 [1]
Net Income (Loss) 1,139 687 [1],[3] 1,745 4,521 [2],[3]
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 95 94 [1] 169 691 [1]
Net Income (Loss) Attributable to Parent $ 1,234 $ 781 [1] $ 1,914 $ 5,212 [1]
Earnings per share of common stock:        
Basic (in dollars per share) $ 2.58 $ 1.66 [1] $ 4.00 $ 11.07 [1]
Assuming dilution (in dollars per share) $ 2.56 $ 1.61 [1] $ 3.97 $ 10.93 [1]
Weighted-average number of common shares outstanding:        
Basic (in shares) 478.9 471.1 [1] 478.6 470.9 [1]
Assuming dilution (in shares) 482.8 475.2 [1] 482.3 474.7 [1]
FPL [Member]        
OPERATING REVENUES $ 3,158 $ 2,908 [4] $ 5,776 $ 5,528 [4]
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 806 765 [4] 1,535 1,477 [4]
Other operations and maintenance 387 387 [4] 727 732 [4]
Depreciation and amortization 776 513 [4] 1,152 1,059 [4]
Taxes other than income taxes and other - net 335 322 [4] 650 632 [4]
Total operating expenses - net 2,304 1,987 [4] 4,064 3,900 [4]
OPERATING INCOME 854 921 [4] 1,712 1,628 [4]
OTHER INCOME (DEDUCTIONS)        
Interest expense (152) (140) [4] (291) (274) [4]
Allowance for equity funds used during construction 10 20 [4] 35 42 [4]
Other - net 2 1 [4] 2 2 [4]
Total other income (deductions) - net (140) (119) [4] (254) (230) [4]
INCOME BEFORE INCOME TAXES 714 802 [4] 1,458 1,398 [4]
INCOME TAXES 51 176 [4] 207 288 [4]
Net Income (Loss) [5] $ 663 $ 626 [4] $ 1,251 $ 1,110 [4],[6]
[1] Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[2] Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[3] Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[4]
Amounts have been retrospectively adjusted for an accounting standards update related to leases.
[5]
FPL's comprehensive income is the same as reported net income.
[6] Amounts have been retrospectively adjusted for an accounting standards update related to leases.