Summarized Financial Information of Capital Holdings (Tables)

6 Months Ended

Jun. 30, 2016

Summarized Financial Information [Abstract]

Condensed Consolidating Statements of Income



	Three Months Ended June 30,
	2016												2015
	NEE (Guarantor)^(a)			NEECH			Other^(b)			NEE Consoli- dated			NEE (Guarantor)			NEECH			Other^(b)			NEE Consoli- dated
										(millions)
Operating revenues	$	—		$	1,070		$	2,747		$	3,817		$	—		$	1,366		$	2,992		$	4,358
Operating expenses	(5		)	(720		)	(1,923		)	(2,648		)	(5		)	(984		)	(2,223		)	(3,212		)
Interest expense	—			(485		)	(117		)	(602		)	(1		)	(167		)	(112		)	(280		)
Equity in earnings of subsidiaries	586			—			(586		)	—			716			—			(716		)	—
Other income - net	—			180			16			196			—			111			17			128
Income (loss) before income taxes	581			45			137			763			710			326			(42		)	994
Income tax expense (benefit)	41			(100		)	278			219			(6		)	33			247			274
Net income (loss)	540			145			(141		)	544			716			293			(289		)	720
Less net income attributable to noncontrolling interests	—			4			—			4			—			4			—			4
Net income (loss) attributable to NEE	$	540		$	141		$	(141	)	$	540		$	716		$	289		$	(289	)	$	716



	Six Months Ended June 30,
	2016												2015
	NEE (Guarantor)^(a)			NEECH			Other^(b)			NEE Consoli- dated			NEE (Guarantor)			NEECH			Other^(b)			NEE Consoli- dated
										(millions)
Operating revenues	$	—		$	2,605		$	5,046		$	7,651		$	—		$	2,932		$	5,531		$	8,463
Operating expenses	(10		)	(1,725		)	(3,513		)	(5,248		)	(9		)	(2,078		)	(4,100		)	(6,187		)
Interest expense	(1		)	(882		)	(228		)	(1,111		)	(2		)	(372		)	(227		)	(601		)
Equity in earnings of subsidiaries	1,224			—			(1,224		)	—			1,361			—			(1,361		)	—
Other income - net	1			327			39			367			1			227			28			256
Income (loss) before income taxes	1,214			325			120			1,659			1,351			709			(129		)	1,931
Income tax expense (benefit)	21			(70		)	510			461			(15		)	125			450			560
Net income (loss)	1,193			395			(390		)	1,198			1,366			584			(579		)	1,371
Less net income attributable to noncontrolling interests	—			5			—			5			—			5			—			5
Net income (loss) attributable to NEE	$	1,193		$	390		$	(390	)	$	1,193		$	1,366		$	579		$	(579	)	$	1,366

———————————————

(a)

Condensed Consolidating Statements of Comprehensive Income



	Three Months Ended June 30,
	2016									2015
	NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated		NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated
								(millions)
Comprehensive income (loss) attributable to NEE	$	571	$	172	$	(172	)	$	571	$	785	$	358	$	(358	)	$	785



	Six Months Ended June 30,
	2016									2015
	NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated		NEE (Guarantor)		NEECH		Other^(a)			NEE Consoli- dated
								(millions)
Comprehensive income (loss) attributable to NEE	$	1,278	$	482	$	(482	)	$	1,278	$	1,402	$	631	$	(631	)	$	1,402

———————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Cash Flows



	Six Months Ended June 30,
	2016												2015
	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	$	809		$	1,084		$	1,377		$	3,270		$	678		$	851		$	1,405		$	2,934
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures, independent power and other investments and nuclear fuel purchases	—			(3,866		)	(2,200		)	(6,066		)	(1		)	(2,180		)	(1,628		)	(3,809		)
Capital contributions from NEE	(13		)	—			13			—			(569		)	—			569			—
Sale of independent power and other investments of NEER	—			396			—			396			—			34			—			34
Proceeds from the sale of a noncontrolling interest in subsidiaries	—			303			—			303			—			106			—			106
Other - net	—			(54		)	(16		)	(70		)	—			(31		)	(54		)	(85		)
Net cash used in investing activities	(13		)	(3,221		)	(2,203		)	(5,437		)	(570		)	(2,071		)	(1,113		)	(3,754		)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt	—			2,509			—			2,509			—			1,621			85			1,706
Retirements of long-term debt	—			(963		)	(33		)	(996		)	—			(1,373		)	(30		)	(1,403		)
Proceeds from sale of differential membership interests	—			219			—			219			—			41			—			41
Payments to differential membership investors	—			(63		)	—			(63		)	—			(47		)	—			(47		)
Proceeds from notes payable	—			—			500			500			—			950			—			950
Repayments of notes payable	—			(12		)	—			(12		)	—			—			—			—
Net change in commercial paper	—			701			307			1,008			—			627			(948		)	(321		)
Issuances of common stock	43			—			—			43			630			—			—			630
Dividends on common stock	(803		)	—			—			(803		)	(683		)	—			—			(683		)
Contributions from (dividends to) NEE	—			(33		)	33			—			—			(615		)	615			—
Other - net	(36		)	(53		)	10			(79		)	(55		)	(42		)	18			(79		)
Net cash provided by (used in) financing activities	(796		)	2,305			817			2,326			(108		)	1,162			(260		)	794
Net increase (decrease) in cash and cash equivalents	—			168			(9		)	159			—			(58		)	32			(26		)
Cash and cash equivalents at beginning of period	—			546			25			571			—			562			15			577
Cash and cash equivalents at end of period	$	—		$	714		$	16		$	730		$	—		$	504		$	47		$	551

———————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets



	June 30, 2016												December 31, 2015
	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	$	27		$	36,633		$	47,080		$	83,740		$	27		$	34,921		$	45,382		$	80,330
Accumulated depreciation and amortization	(17		)	(7,399		)	(12,167		)	(19,583		)	(16		)	(7,067		)	(11,861		)	(18,944		)
Total property, plant and equipment - net	10			29,234			34,913			64,157			11			27,854			33,521			61,386
CURRENT ASSETS
Cash and cash equivalents	—			714			16			730			—			546			25			571
Receivables	73			1,824			776			2,673			90			1,510			665			2,265
Other	4			1,839			1,266			3,109			4			2,443			1,512			3,959
Total current assets	77			4,377			2,058			6,512			94			4,499			2,202			6,795
OTHER ASSETS
Investment in subsidiaries	22,966			—			(22,966		)	—			22,544			—			(22,544		)	—
Other	869			8,102			5,780			14,751			823			7,790			5,685			14,298
Total other assets	23,835			8,102			(17,186		)	14,751			23,367			7,790			(16,859		)	14,298
TOTAL ASSETS	$	23,922		$	41,713		$	19,785		$	85,420		$	23,472		$	40,143		$	18,864		$	82,479
CAPITALIZATION
Common shareholders' equity	$	23,174		$	7,465		$	(7,465	)	$	23,174		$	22,574		$	6,990		$	(6,990	)	$	22,574
Noncontrolling interests	—			708			—			708			—			538			—			538
Long-term debt	—			17,076			9,925			27,001			—			16,725			9,956			26,681
Total capitalization	23,174			25,249			2,460			50,883			22,574			24,253			2,966			49,793
CURRENT LIABILITIES
Debt due within one year	—			4,279			1,028			5,307			—			2,786			220			3,006
Accounts payable	1			1,118			655			1,774			4			1,919			606			2,529
Other	188			2,717			1,350			4,255			252			3,003			1,317			4,572
Total current liabilities	189			8,114			3,033			11,336			256			7,708			2,143			10,107
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	—			689			1,867			2,556			—			647			1,822			2,469
Deferred income taxes	84			2,304			7,733			10,121			157			2,396			7,274			9,827
Other	475			5,357			4,692			10,524			485			5,139			4,659			10,283
Total other liabilities and deferred credits	559			8,350			14,292			23,201			642			8,182			13,755			22,579
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$	23,922		$	41,713		$	19,785		$	85,420		$	23,472		$	40,143		$	18,864		$	82,479

———————————————


(a)	Represents primarily FPL and consolidating adjustments.