Summarized Financial Information of Capital Holdings (Tables)

6 Months Ended

Jun. 30, 2017

Summarized Financial Information [Abstract]

Condensed Consolidating Statements of Income



	Three Months Ended June 30,
	2017												2016
	NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated
										(millions)
Operating revenues	$	—		$	1,327		$	3,077		$	4,404		$	—		$	1,070		$	2,747		$	3,817
Operating expenses - net	(4		)	(974		)	(2,141		)	(3,119		)	(5		)	(720		)	(1,923		)	(2,648		)
Interest expense	(1		)	(309		)	(120		)	(430		)	—			(485		)	(117		)	(602		)
Equity in earnings of subsidiaries	787			—			(787		)	—			586			—			(586		)	—
Other income - net	—			219			19			238			—			180			16			196
Income before income taxes	782			263			48			1,093			581			45			137			763
Income tax expense (benefit)	(11		)	(12		)	312			289			41			(100		)	278			219
Net income (loss)	793			275			(264		)	804			540			145			(141		)	544
Less net income attributable to noncontrolling interests	—			11			—			11			—			4			—			4
Net income (loss) attributable to NEE	$	793		$	264		$	(264	)	$	793		$	540		$	141		$	(141	)	$	540



	Six Months Ended June 30,
	2017												2016
	NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated			NEE (Guarantor)			NEECH			Other^(a)			NEE Consoli- dated
										(millions)
Operating revenues	$	—		$	2,789		$	5,588		$	8,377		$	—		$	2,605		$	5,046		$	7,651
Operating expenses - net	(10		)	(823		)	(3,854		)	(4,687		)	(10		)	(1,725		)	(3,513		)	(5,248		)
Interest expense	(1		)	(549		)	(240		)	(790		)	(1		)	(882		)	(228		)	(1,111		)
Equity in earnings of subsidiaries	2,349			—			(2,349		)	—			1,224			—			(1,224		)	—
Other income - net	1			446			12			459			1			327			39			367
Income (loss) before income taxes	2,339			1,863			(843		)	3,359			1,214			325			120			1,659
Income tax expense (benefit)	(37		)	438			563			964			21			(70		)	510			461
Net income (loss)	2,376			1,425			(1,406		)	2,395			1,193			395			(390		)	1,198
Less net income attributable to noncontrolling interests	—			19			—			19			—			5			—			5
Net income (loss) attributable to NEE	$	2,376		$	1,406		$	(1,406	)	$	2,376		$	1,193		$	390		$	(390	)	$	1,193

———————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Comprehensive Income



	Three Months Ended June 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	$	836	$	297	$	(297	)	$	836	$	571	$	172	$	(172	)	$	571



	Six Months Ended June 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	$	2,449	$	1,472	$	(1,472	)	$	2,449	$	1,278	$	482	$	(482	)	$	1,278

———————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets



	June 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	$	28		$	40,257		$	50,419		$	90,704		$	28		$	38,671		$	48,314		$	87,013
Accumulated depreciation and amortization	(19		)	(8,342		)	(12,687		)	(21,048		)	(18		)	(7,778		)	(12,305		)	(20,101		)
Total property, plant and equipment - net	9			31,915			37,732			69,656			10			30,893			36,009			66,912
CURRENT ASSETS
Cash and cash equivalents	1			607			34			642			1			1,258			33			1,292
Receivables	281			1,476			723			2,480			88			1,615			736			2,439
Other	3			1,323			1,499			2,825			2			1,877			1,799			3,678
Total current assets	285			3,406			2,256			5,947			91			4,750			2,568			7,409
OTHER ASSETS
Investment in subsidiaries	25,747			—			(25,747		)	—			24,323			—			(24,323		)	—
Other	834			9,869			6,584			17,287			867			8,992			5,813			15,672
Total other assets	26,581			9,869			(19,163		)	17,287			25,190			8,992			(18,510		)	15,672
TOTAL ASSETS	$	26,875		$	45,190		$	20,825		$	92,890		$	25,291		$	44,635		$	20,067		$	89,993
CAPITALIZATION
Common shareholders' equity	$	25,926		$	8,505		$	(8,505	)	$	25,926		$	24,341		$	7,699		$	(7,699	)	$	24,341
Noncontrolling interests	—			950			—			950			—			990			—			990
Long-term debt	—			20,304			10,088			30,392			—			18,112			9,706			27,818
Total capitalization	25,926			29,759			1,583			57,268			24,341			26,801			2,007			53,149
CURRENT LIABILITIES
Debt due within one year	—			2,420			1,712			4,132			—			2,237			785			3,022
Accounts payable	1			1,100			713			1,814			1			2,668			778			3,447
Other	306			1,214			1,484			3,004			231			2,624			1,595			4,450
Total current liabilities	307			4,734			3,909			8,950			232			7,529			3,158			10,919
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	—			868			1,977			2,845			—			816			1,920			2,736
Deferred income taxes	16			3,538			8,548			12,102			82			3,002			8,017			11,101
Other	626			6,291			4,808			11,725			636			6,487			4,965			12,088
Total other liabilities and deferred credits	642			10,697			15,333			26,672			718			10,305			14,902			25,925
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$	26,875		$	45,190		$	20,825		$	92,890		$	25,291		$	44,635		$	20,067		$	89,993

———————————————


(a)	Represents primarily FPL and consolidating adjustments.

Condensed Consolidating Statements of Cash Flows



	Six Months Ended June 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	$	992		$	1,200		$	973		$	3,165		$	809		$	1,084		$	1,377		$	3,270
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures, independent power and other investments and nuclear fuel purchases	—			(4,195		)	(2,742		)	(6,937		)	—			(3,866		)	(2,200		)	(6,066		)
Proceeds from sale of the fiber-optic telecommunications business	—			1,482			—			1,482			—			—			—			—
Capital contributions from NEE	(45		)	—			45			—			(13		)	—			13			—
Sale of independent power and other investments of NEER	—			42			—			42			—			396			—			396
Proceeds from sale or maturity of securities in special use funds and other investments	—			518			901			1,419			—			530			1,079			1,609
Purchases of securities in special use funds and other investments	—			(582		)	(949		)	(1,531		)	—			(534		)	(1,120		)	(1,654		)
Proceeds from sales of noncontrolling interests in NEP	—			—			—			—			—			303			—			303
Other - net	4			(14		)	26			16			—			(50		)	25			(25		)
Net cash used in investing activities	(41		)	(2,749		)	(2,719		)	(5,509		)	(13		)	(3,221		)	(2,203		)	(5,437		)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt	—			2,572			199			2,771			—			2,509			—			2,509
Retirements of long-term debt	—			(1,850		)	(35		)	(1,885		)	—			(963		)	(33		)	(996		)
Net change in commercial paper	—			1,115			732			1,847			—			701			307			1,008
Proceeds from other short-term debt	—			—			200			200			—			—			500			500
Issuances of common stock - net	25			—			—			25			43			—			—			43
Dividends on common stock	(920		)	—			—			(920		)	(803		)	—			—			(803		)
Contributions from (dividends to) NEE	—			(637		)	637			—			—			(33		)	33			—
Other - net	(56		)	(302		)	14			(344		)	(36		)	91			10			65
Net cash provided by (used in) financing activities	(951		)	898			1,747			1,694			(796		)	2,305			817			2,326
Net increase (decrease) in cash and cash equivalents	—			(651		)	1			(650		)	—			168			(9		)	159
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		$	607		$	34		$	642		$	—		$	714		$	16		$	730

———————————————


(a)	Represents primarily FPL and consolidating adjustments.