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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 2,369 $ 3,388 $ 5,776
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 4,052 4,216 3,911
Nuclear fuel and other amortization 263 262 236
Unrealized losses (gains) on marked to market derivative contracts – net 533 (108) 54
Foreign currency transaction losses 45 17 16
Deferred income taxes (78) 258 1,463
Cost recovery clauses and franchise fees (121) 155 (225)
Equity in losses (earnings) of equity method investees 1,351 (66) (358)
Distributions of earnings from equity method investees 456 438 328
Gains on disposal of businesses, assets and investments – net (403) (461) (191)
Gain on NEP deconsolidation 0 0 (3,927)
Recoverable storm-related costs (69) (180) 0
Other - net 189 (141) 115
Changes in operating assets and liabilities:      
Current assets (364) 123 (631)
Noncurrent assets (234) (93) (220)
Current liabilities (6) 116 163
Noncurrent liabilities 0 231 83
Net cash provided by operating activities 7,983 8,155 6,593
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (6,477) (5,560) (5,012)
Acquisition and capital expenditures of Gulf Power (1,012) (5,165) 0
Independent power and other investments of NEER (6,851) (6,385) (7,045)
Nuclear fuel purchases (245) (315) (267)
Other capital expenditures, acquisitions and other investments (25) (37) (680)
Sale of independent power and other investments of NEER 1,012 1,316 1,693
Proceeds from sale or maturity of securities in special use funds and other investments 3,916 4,008 3,410
Purchases of securities in special use funds and other investments (4,100) (4,160) (3,733)
Distributions from equity method investees 0 0 637
Other - net 83 121 47
Net cash used in investing activities (13,699) (16,177) (10,950)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 12,404 13,905 4,391
Retirements of long-term debt (6,103) (5,492) (3,102)
Proceeds from differential membership investors 3,522 1,604 1,841
Net change in commercial paper (965) (234) 1,062
Proceeds from other short-term debt 2,158 200 5,665
Repayments of other short-term debt (2,100) (4,765) (455)
Payments to related parties under a cash sweep and credit support agreement – net (2) (54) (21)
Issuances of common stock/equity units - net (92)    
Issuances of common stock/equity units - net   1,494 718
Proceeds from sale of noncontrolling interests 501 99 0
Dividends on common stock (2,743) (2,408) (2,101)
Other - net (406) (476) (364)
Net cash provided by financing activities 6,174 3,873 7,634
Effects of currency translation on cash, cash equivalents and restricted cash (20) 4 (7)
Net increase (decrease) in cash, cash equivalents and restricted cash 438 (4,145) 3,270
Cash, cash equivalents and restricted cash at beginning of year 1,108 5,253 1,983
Cash, cash equivalents and restricted cash at end of year 1,546 1,108 5,253
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,432 1,799 1,209
Cash paid for income taxes - net 235 184 200
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 4,445 3,573 2,138
Increase in property, plant and equipment related to an acquisition 68 0 0
Decrease in joint venture investments related to an acquisition 145 0 0
FPL[Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) [1] 2,650 2,334 2,171
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,246 2,524 2,633
Nuclear fuel and other amortization 164 175 144
Deferred income taxes 513 44 180
Cost recovery clauses and franchise fees (112) 177 (225)
Other - net 54 6 (45)
Changes in operating assets and liabilities:      
Current assets (99) (48) 97
Noncurrent assets (94) (67) (64)
Current liabilities 90 32 (509)
Noncurrent liabilities (31) 4 40
Net cash provided by operating activities 5,381 5,181 4,422
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (6,477) (5,560) (5,012)
Nuclear fuel purchases (203) (195) (123)
Proceeds from sale or maturity of securities in special use funds and other investments 2,484 2,729 2,232
Purchases of securities in special use funds and other investments (2,565) (2,854) (2,402)
Other - net 64 10 239
Net cash used in investing activities (6,697) (5,870) (5,066)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt, including premiums and discounts 2,952 2,493 1,742
Retirements of long-term debt (1,427) (95) (1,591)
Net change in commercial paper 44 226 (431)
Repayments of other short-term debt 0 0 (250)
Capital contributions from NEE 1,900 250 1,785
Dividends on common stock (2,210) (2,200) (500)
Other - net (42) (44) (31)
Net cash provided by financing activities 1,217 630 724
Net increase (decrease) in cash, cash equivalents and restricted cash (99) (59) 80
Cash, cash equivalents and restricted cash at beginning of year 195 254 174
Cash, cash equivalents and restricted cash at end of year 96 195 254
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 580 561 520
Cash paid for income taxes - net 126 544 415
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 592 680 549
NEE's noncash contribution of a consolidated subsidiary - net $ 0 $ 0 $ 526
[1] FPL's comprehensive income is the same as reported net income.