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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
OPERATING REVENUES $ 4,418 $ 4,808 [1] $ 12,351 $ 13,185 [1]
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 1,083 1,176 [1] 2,796 3,093 [1]
Other operations and maintenance 834 817 [1] 2,460 2,501 [1]
Merger-related 13 2 [1] 13 17 [1]
Depreciation and amortization 1,131 1,070 [1] 2,819 2,576 [1]
Losses (gains) on disposal of a business/assets - net (9) (5) [1] (64) (1,106) [1]
Taxes other than income taxes and other - net 396 397 [1] 1,148 1,115 [1]
Total operating expenses - net 3,448 3,457 [1] 9,172 8,196 [1]
OPERATING INCOME 970 1,351 [1] 3,179 4,989 [1]
OTHER INCOME (DEDUCTIONS)        
Interest expense (167) (381) [1] (787) (1,171) [1]
Benefits associated with differential membership interests - net 0 67 [1] 0 311 [1],[2]
Equity in earnings of equity method investees 122 56 [1] 372 153 [1]
Allowance for equity funds used during construction 24 21 [1] 68 68 [1]
Interest income 11 20 [1] 39 59 [1]
Gain on NEP deconsolidation 0 0 [1] 3,935 0 [1],[2]
Gains on disposal of investments and other property - net 31 15 [1] 83 64 [1]
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net 30 0 [1] 22 0 [1]
Other net periodic benefit income 37 48 [1] 139 101 [1]
Other - net 11 23 [1] 30 7 [1]
Total other income (deductions) - net 99 (131) [1] 3,901 (408) [1]
INCOME BEFORE INCOME TAXES 1,069 1,220 [1] 7,080 4,581 [1]
INCOME TAXES 126 364 [1] 1,605 1,329 [1]
Net Income (Loss) 943 856 [1] 5,475 3,252 [1],[2]
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 64 (9) [1] 754 (29) [1]
NET INCOME $ 1,007 $ 847 [1] $ 6,229 $ 3,223 [1]
Earnings per share of common stock:        
Basic (in dollars per share) $ 2.13 $ 1.80 [1] $ 13.21 $ 6.88 [1]
Assuming dilution (in dollars per share) 2.10 1.79 [1] 13.03 6.83 [1]
Dividends per share of common stock (in dollars per share) $ 1.11 $ 0.9825 [1] $ 3.33 $ 2.9475 [1]
Weighted-average number of common shares outstanding:        
Basic (in shares) 473.1 469.4 [1] 471.7 468.3 [1]
Assuming dilution (in shares) 477.4 473.5 [1] 475.6 472.0 [1]
FPL [Member]        
OPERATING REVENUES $ 3,399 $ 3,477 $ 8,927 $ 9,095
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 941 1,036 2,418 2,696
Other operations and maintenance 385 362 1,119 1,137
Depreciation and amortization 804 704 1,860 1,514
Taxes other than income taxes and other - net 352 353 984 975
Total operating expenses - net 2,482 2,455 6,381 6,322
OPERATING INCOME 917 1,022 2,546 2,773
OTHER INCOME (DEDUCTIONS)        
Interest expense (136) (121) (411) (360)
Allowance for equity funds used during construction 23 20 64 55
Other - net 2 1 5 2
Total other income (deductions) - net (111) (100) (342) (303)
INCOME BEFORE INCOME TAXES 806 922 2,204 2,470
INCOME TAXES 152 356 440 933
Net Income (Loss)     1,764 1,537 [3]
NET INCOME [4] $ 654 $ 566 $ 1,764 $ 1,537
[1] Prior period amounts have been retrospectively adjusted as discussed in Note 3 - Amendments to Presentation of Retirement Benefits.
[2] Prior period amounts have been retrospectively adjusted as discussed in Note 11 - Restricted Cash.
[3] Prior period amounts have been retrospectively adjusted as discussed in Note 11 - Restricted Cash.
[4] FPL's comprehensive income is the same as reported net income.