Summarized Financial Information of Capital Holdings (Tables)

6 Months Ended

Jun. 30, 2015

Summarized Financial Information [Abstract]

Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income



	Three Months Ended June 30,
	2015												2014
	NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated
										(millions)
Operating revenues	$	—		$	1,366		$	2,992		$	4,358		$	—		$	1,143		$	2,886		$	4,029
Operating expenses	(5		)	(984		)	(2,223		)	(3,212		)	(4		)	(969		)	(2,105		)	(3,078		)
Interest expense	(1		)	(167		)	(112		)	(280		)	(2		)	(194		)	(109		)	(305		)
Equity in earnings of subsidiaries	716			—			(716		)	—			507			—			(507		)	—
Other income - net	—			111			17			128			1			130			7			138
Income (loss) before income taxes	710			326			(42		)	994			502			110			172			784
Income tax expense (benefit)	(6		)	33			247			274			10			26			256			292
Net income (loss)	716			293			(289		)	720			492			84			(84		)	492
Less net income attributable to noncontrolling interests	—			(4		)	—			(4		)	—			—			—			—
Net income (loss) attributable to NEE	$	716		$	289		$	(289	)	$	716		$	492		$	84		$	(84	)	$	492



	Six Months Ended June 30,
	2015												2014
	NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated
										(millions)
Operating revenues	$	—		$	2,932		$	5,531		$	8,463		$	—		$	2,286		$	5,417		$	7,703
Operating expenses	(9		)	(2,078		)	(4,100		)	(6,187		)	(8		)	(2,001		)	(4,004		)	(6,013		)
Interest expense	(2		)	(372		)	(227		)	(601		)	(3		)	(410		)	(211		)	(624		)
Equity in earnings of subsidiaries	1,361			—			(1,361		)	—			942			—			(942		)	—
Other income - net	1			227			28			256			—			278			21			299
Income (loss) before income taxes	1,351			709			(129		)	1,931			931			153			281			1,365
Income tax expense (benefit)	(15		)	125			450			560			10			(19		)	453			444
Net income (loss)	1,366			584			(579		)	1,371			921			172			(172		)	921
Less net income attributable to noncontrolling interests	—			(5		)	—			(5		)	—			—			—			—
Net income (loss) attributable to NEE	$	1,366		$	579		$	(579	)	$	1,366		$	921		$	172		$	(172	)	$	921

————————————

(a) Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Comprehensive Income



	Three Months Ended June 30,
	2015									2014
	NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated		NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated
								(millions)
Comprehensive income (loss) attributable to NEE	$	785	$	358	$	(358	)	$	785	$	530	$	122	$	(122	)	$	530



	Six Months Ended June 30,
	2015									2014
	NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated		NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated
								(millions)
Comprehensive income (loss) attributable to NEE	$	1,402	$	631	$	(631	)	$	1,402	$	924	$	170	$	(170	)	$	924

————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets



	June 30, 2015												December 31, 2014
	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	$	28		$	33,759		$	43,477		$	77,264		$	27		$	31,674		$	41,938		$	73,639
Less accumulated depreciation and amortization	(14		)	(7,298		)	(11,642		)	(18,954		)	(12		)	(6,640		)	(11,282		)	(17,934		)
Total property, plant and equipment - net	14			26,461			31,835			58,310			15			25,034			30,656			55,705
CURRENT ASSETS
Cash and cash equivalents	—			504			47			551			—			562			15			577
Receivables	429			1,594			116			2,139			82			1,378			699			2,159
Other	93			1,966			1,597			3,656			19			2,512			1,677			4,208
Total current assets	522			4,064			1,760			6,346			101			4,452			2,391			6,944
OTHER ASSETS
Investment in subsidiaries	21,105			—			(21,105		)	—			19,703			—			(19,703		)	—
Other	659			6,679			5,207			12,545			736			6,066			5,478			12,280
Total other assets	21,764			6,679			(15,898		)	12,545			20,439			6,066			(14,225		)	12,280
TOTAL ASSETS	$	22,300		$	37,204		$	17,697		$	77,201		$	20,555		$	35,552		$	18,822		$	74,929
CAPITALIZATION
Common shareholders' equity	$	21,338		$	6,604		$	(6,604	)	$	21,338		$	19,916		$	6,552		$	(6,552	)	$	19,916
Noncontrolling interests	—			263			—			263			—			252			—			252
Long-term debt	—			15,768			9,467			25,235			—			14,954			9,413			24,367
Total capitalization	21,338			22,635			2,863			46,836			19,916			21,758			2,861			44,535
CURRENT LIABILITIES
Debt due within one year	—			4,284			255			4,539			—			3,455			1,202			4,657
Accounts payable	—			789			728			1,517			—			707			647			1,354
Other	518			1,840			1,007			3,365			182			2,075			1,395			3,652
Total current liabilities	518			6,913			1,990			9,421			182			6,237			3,244			9,663
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	—			660			1,391			2,051			—			631			1,355			1,986
Deferred income taxes	141			2,700			6,595			9,436			149			2,608			6,504			9,261
Other	303			4,296			4,858			9,457			308			4,318			4,858			9,484
Total other liabilities and deferred credits	444			7,656			12,844			20,944			457			7,557			12,717			20,731
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$	22,300		$	37,204		$	17,697		$	77,201		$	20,555		$	35,552		$	18,822		$	74,929

————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Cash Flows



	Six Months Ended June 30,
	2015												2014
	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	$	678		$	851		$	1,405		$	2,934		$	754		$	659		$	1,035		$	2,448
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures, independent power and other investments and nuclear fuel purchases	(1		)	(2,180		)	(1,628		)	(3,809		)	—			(1,562		)	(1,677		)	(3,239		)
Capital contribution to FPL	(550		)	—			550			—			(100		)	—			100			—
Cash grants under the Recovery Act	—			—			—			—			—			306			—			306
Sale of independent power and other investments of NEER	—			34			—			34			—			273			—			273
Change in loan proceeds restricted for construction	—			3			(65		)	(62		)	—			(366		)	—			(366		)
Proceeds from the sale of a noncontrolling interest in subsidiaries	—			106			—			106			—			—			—			—
Other - net	(19		)	(34		)	30			(23		)	7			(49		)	(37		)	(79		)
Net cash used in investing activities	(570		)	(2,071		)	(1,113		)	(3,754		)	(93		)	(1,398		)	(1,614		)	(3,105		)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt	—			1,621			85			1,706			—			2,229			500			2,729
Retirements of long-term debt	—			(1,373		)	(30		)	(1,403		)	—			(1,946		)	(329		)	(2,275		)
Net change in short-term debt	—			1,577			(948		)	629			—			678			247			925
Issuances of common stock	630			—			—			630			42			—			—			42
Dividends on common stock	(683		)	—			—			(683		)	(630		)	—			—			(630		)
Dividends to NEE	—			(615		)	615			—			—			(187		)	187			—
Other - net	(55		)	(48		)	18			(85		)	(54		)	92			12			50
Net cash provided by (used in) financing activities	(108		)	1,162			(260		)	794			(642		)	866			617			841
Net increase (decrease) in cash and cash equivalents	—			(58		)	32			(26		)	19			127			38			184
Cash and cash equivalents at beginning of period	—			562			15			577			—			418			20			438
Cash and cash equivalents at end of period	$	—		$	504		$	47		$	551		$	19		$	545		$	58		$	622

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(a)	Represents primarily FPL and consolidating adjustments.