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Summarized Financial Information of Capital Holdings
 9 Months Ended
Sep. 30, 2017
Summarized Financial Information [Abstract]  
Summarized Financial Information of Capital Holdings
Summarized Financial Information of NEECH

NEECH, a 100% owned subsidiary of NEE, provides funding for, and holds ownership interests in, NEE's operating subsidiaries other than FPL. NEECH’s debentures and junior subordinated debentures including those that were registered pursuant to the Securities Act of 1933, as amended, are fully and unconditionally guaranteed by NEE. Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income
 
Three Months Ended September 30,
 
2017
 
2016
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
1,365

 
$
3,443

 
$
4,808

 
$
—

 
$
1,526

 
$
3,279

 
$
4,805

Operating expenses - net
(3
)
 
(982
)
 
(2,424
)
 
(3,409
)
 
(5
)
 
(1,032
)
 
(2,489
)
 
(3,526
)
Interest expense
(1
)
 
(259
)
 
(121
)
 
(381
)
 
—

 
(255
)
 
(114
)
 
(369
)
Equity in earnings of subsidiaries
830

 
—

 
(830
)
 
—

 
765

 
—

 
(765
)
 
—

Other income - net
—

 
181

 
21

 
202

 
4

 
276

 
17

 
297

Income (loss) before income taxes
826

 
305

 
89

 
1,220

 
764

 
515

 
(72
)
 
1,207

Income tax expense (benefit)
(21
)
 
30

 
355

 
364

 
11

 
141

 
266

 
418

Net income (loss)
847

 
275

 
(266
)
 
856

 
753

 
374

 
(338
)
 
789

Less net income attributable to noncontrolling interests
—

 
9

 
—

 
9

 
—

 
36

 
—

 
36

Net income (loss) attributable to NEE
$
847

 
$
266

 
$
(266
)
 
$
847

 
$
753

 
$
338

 
$
(338
)
 
$
753



 
Nine Months Ended September 30,
 
2017
 
2016
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
4,154

 
$
9,031

 
$
13,185

 
$
—

 
$
4,131

 
$
8,326

 
$
12,457

Operating expenses - net
(13
)
 
(1,806
)
 
(6,276
)
 
(8,095
)
 
(14
)
 
(2,756
)
 
(6,005
)
 
(8,775
)
Interest expense
(2
)
 
(809
)
 
(360
)
 
(1,171
)
 
(1
)
 
(1,137
)
 
(342
)
 
(1,480
)
Equity in earnings of subsidiaries
3,179

 
—

 
(3,179
)
 
—

 
1,989

 
—

 
(1,989
)
 
—

Other income - net
1

 
630

 
31

 
662

 
5

 
603

 
57

 
665

Income (loss) before income taxes
3,165

 
2,169

 
(753
)
 
4,581

 
1,979

 
841

 
47

 
2,867

Income tax expense (benefit)
(58
)
 
468

 
919

 
1,329

 
33

 
71

 
775

 
879

Net income (loss)
3,223

 
1,701


(1,672
)

3,252


1,946

 
770


(728
)

1,988

Less net income attributable to noncontrolling interests
—

 
29

 
—

 
29

 
—

 
42

 
—

 
42

Net income (loss) attributable to NEE
$
3,223

 
$
1,672

 
$
(1,672
)
 
$
3,223

 
$
1,946

 
$
728

 
$
(728
)
 
$
1,946

———————————————
(a)
Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Comprehensive Income
 
Three Months Ended September 30,
 
2017
 
2016
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss) attributable to NEE
$
892

 
$
312

 
$
(312
)
 
$
892

 
$
799

 
$
384

 
$
(384
)
 
$
799

 
Nine Months Ended September 30,
 
2017
 
2016
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss) attributable to NEE
$
3,341

 
$
1,784

 
$
(1,784
)
 
$
3,341

 
$
2,078

 
$
866

 
$
(866
)
 
$
2,078

———————————————
(a)
Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets
 
September 30, 2017
 
December 31, 2016
 
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
$
23

 
$
41,530

 
$
50,995

 
$
92,548

 
$
28

 
$
38,671

 
$
48,314

 
$
87,013

Accumulated depreciation and amortization
(16
)
 
(8,714
)
 
(12,730
)
 
(21,460
)
 
(18
)
 
(7,778
)
 
(12,305
)
 
(20,101
)
Total property, plant and equipment - net
7

 
32,816

 
38,265

 
71,088

 
10

 
30,893

 
36,009

 
66,912

CURRENT ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
1

 
1,370

 
10

 
1,381

 
1

 
1,258

 
33

 
1,292

Receivables
340

 
1,441

 
969

 
2,750

 
88

 
1,615

 
736

 
2,439

Other
4

 
1,257

 
1,635

 
2,896

 
2

 
1,877

 
1,799

 
3,678

Total current assets
345

 
4,068

 
2,614

 
7,027

 
91

 
4,750

 
2,568

 
7,409

OTHER ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Investment in subsidiaries
26,139

 
—

 
(26,139
)
 
—

 
24,323

 
—

 
(24,323
)
 
—

Other
821

 
10,152

 
7,693

 
18,666

 
867

 
8,992

 
5,813

 
15,672

Total other assets
26,960

 
10,152

 
(18,446
)
 
18,666

 
25,190

 
8,992

 
(18,510
)
 
15,672

TOTAL ASSETS
$
27,312

 
$
47,036

 
$
22,433

 
$
96,781

 
$
25,291

 
$
44,635

 
$
20,067

 
$
89,993

CAPITALIZATION
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Common shareholders' equity
$
26,398

 
$
8,732

 
$
(8,732
)
 
$
26,398

 
$
24,341

 
$
7,699

 
$
(7,699
)
 
$
24,341

Noncontrolling interests
—

 
923

 
—

 
923

 
—

 
990

 
—

 
990

Long-term debt
—

 
20,290

 
10,055

 
30,345

 
—

 
18,112

 
9,706

 
27,818

Total capitalization
26,398

 
29,945

 
1,323

 
57,666

 
24,341

 
26,801

 
2,007

 
53,149

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt due within one year
—

 
2,821

 
1,793

 
4,614

 
—

 
2,237

 
785

 
3,022

Accounts payable
1

 
1,559

 
696

 
2,256

 
1

 
2,668

 
778

 
3,447

Other
286

 
1,885

 
2,563

 
4,734

 
231

 
2,624

 
1,595

 
4,450

Total current liabilities
287

 
6,265

 
5,052

 
11,604

 
232

 
7,529

 
3,158

 
10,919

OTHER LIABILITIES AND DEFERRED CREDITS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Asset retirement obligations
—

 
880

 
2,002

 
2,882

 
—

 
816

 
1,920

 
2,736

Deferred income taxes
37

 
3,439

 
9,087

 
12,563

 
82

 
3,002

 
8,017

 
11,101

Other
590

 
6,507

 
4,969

 
12,066

 
636

 
6,487

 
4,965

 
12,088

Total other liabilities and deferred credits
627

 
10,826

 
16,058

 
27,511

 
718

 
10,305

 
14,902

 
25,925

COMMITMENTS AND CONTINGENCIES


 


 


 


 


 


 


 


TOTAL CAPITALIZATION AND LIABILITIES
$
27,312

 
$
47,036

 
$
22,433

 
$
96,781

 
$
25,291

 
$
44,635

 
$
20,067

 
$
89,993

———————————————
(a)
Represents primarily FPL and consolidating adjustments.
Condensed Consolidating Statements of Cash Flows
 
Nine Months Ended September 30,
 
2017
 
2016
 
NEE
(Guaran-
tor)
 

NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guaran-
tor)
 

NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
NET CASH PROVIDED BY OPERATING ACTIVITIES
$
1,464

 
$
1,793

 
$
1,903

 
$
5,160

 
$
1,164

 
$
1,781

 
$
2,349

 
$
5,294

CASH FLOWS FROM INVESTING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 


Capital expenditures, independent power and other investments and nuclear fuel purchases
—

 
(4,808
)
 
(3,779
)
 
(8,587
)
 
(1
)
 
(4,831
)
 
(3,097
)
 
(7,929
)
Proceeds from sale of the fiber-optic telecommunications business
—

 
1,482

 
—

 
1,482

 
—

 
—

 
—

 
—

Capital contributions from NEE
(46
)
 
—

 
46

 
—

 
(432
)
 
—

 
432

 
—

Sale of independent power and other investments of NEER
—

 
159

 
—

 
159

 
—

 
395

 
—

 
395

Proceeds from sale or maturity of securities in special use funds and other investments
—

 
819

 
1,240

 
2,059

 
—

 
860

 
1,775

 
2,635

Purchases of securities in special use funds and other investments
—

 
(827
)
 
(1,319
)
 
(2,146
)
 
—

 
(874
)
 
(1,837
)
 
(2,711
)
Proceeds from sales of noncontrolling interests in NEP
—

 
—

 
—

 
—

 
—

 
645

 
—

 
645

Other - net
7

 
163

 
28

 
198

 
—

 
(49
)
 
31

 
(18
)
Net cash used in investing activities
(39
)
 
(3,012
)
 
(3,784
)
 
(6,835
)
 
(433
)
 
(3,854
)
 
(2,696
)
 
(6,983
)
CASH FLOWS FROM FINANCING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Issuances of long-term debt
—

 
4,995

 
201

 
5,196

 
—

 
4,494

 
150

 
4,644

Retirements of long-term debt
—

 
(3,819
)
 
(73
)
 
(3,892
)
 
—

 
(2,392
)
 
(262
)
 
(2,654
)
Proceeds from differential membership investors
—

 
340

 
—

 
340

 
—

 
328

 
—

 
328

Net change in commercial paper
—

 
995

 
811

 
1,806

 
—

 
(154
)
 
408

 
254

Proceeds from other short-term debt
—

 
—

 
200

 
200

 
—

 
—

 
500

 
500

Repayments of other short-term debt
—

 
—

 
(2
)
 
(2
)
 
—

 
(212
)
 
(150
)
 
(362
)
Issuances of common stock - net
36

 
—

 
—

 
36

 
528

 
—

 
—

 
528

Dividends on common stock
(1,382
)
 
—

 
—

 
(1,382
)
 
(1,205
)
 
—

 
—

 
(1,205
)
Contributions from (dividends to) NEE
—

 
(722
)
 
722

 
—

 
—

 
294

 
(294
)
 
—

Other - net
(79
)
 
(458
)
 
(1
)
 
(538
)
 
(54
)
 
(197
)
 
17

 
(234
)
Net cash provided by (used in) financing activities
(1,425
)
 
1,331

 
1,858

 
1,764

 
(731
)
 
2,161

 
369

 
1,799

Net increase (decrease) in cash and cash equivalents
—

 
112

 
(23
)
 
89

 
—

 
88

 
22

 
110

Cash and cash equivalents at beginning of period
1

 
1,258

 
33

 
1,292

 
—

 
546

 
25

 
571

Cash and cash equivalents at end of period
$
1

 
$
1,370

 
$
10

 
$
1,381

 
$
—

 
$
634

 
$
47

 
$
681

———————————————
(a)
Represents primarily FPL and consolidating adjustments.