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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 420 $ 1,570
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,043 1,730
Nuclear fuel and other amortization 144 134
Unrealized losses on marked to market derivative contracts – net 1,897 1,023
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net 428 (162)
Foreign currency transaction gains (104) (55)
Deferred income taxes (97) 194
Cost recovery clauses and franchise fees (476) (88)
Equity in losses (earnings) of equity method investees 16 (356)
Distributions of earnings from equity method investees 271 248
Gains on disposal of businesses, assets and investments – net (58) (59)
Recoverable storm-related costs (3) (135)
Other – net (88) (87)
Changes in operating assets and liabilities:    
Current assets (1,198) (543)
Noncurrent assets (9) (273)
Current liabilities 1,557 284
Noncurrent liabilities 50 70
Net cash provided by operating activities 4,793 3,495
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (4,007) (3,269)
Independent power and other investments of NEER (4,939) (4,873)
Nuclear fuel purchases (67) (173)
Other capital expenditures (451) 0
Proceeds from sale or maturity of securities in special use funds 2,039 2,523
Purchases of securities in special use funds (2,239) (2,617)
Other – net 356 248
Net cash used in investing activities (9,308) (8,161)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 9,615 7,359
Retirements of long-term debt (1,544) (1,023)
Net change in commercial paper (371) (992)
Proceeds from other short-term debt 1,725 0
Repayments of other short-term debt (525) (258)
Payments from related parties under a cash sweep and credit support agreement – net 499 1,085
Issuances of common stock/equity units – net 1 5
Dividends (1,671) (1,511)
Other – net (34) (116)
Net cash provided by (used in) financing activities 7,695 4,549
Effects of currency translation on cash, cash equivalents and restricted cash (3) 4
Net increase (decrease) in cash, cash equivalents and restricted cash 3,177 (113)
Cash, cash equivalents and restricted cash at beginning of period 1,316 1,546
Cash, cash equivalents and restricted cash at end of period 4,493 1,433
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 5,443 4,037
Decrease in property, plant and equipment – net and contract liabilities (2022 activity, see Note 11) 551 155
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 1,864 1,660
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,177 910
Nuclear fuel and other amortization 91 84
Deferred income taxes 406 285
Cost recovery clauses and franchise fees (476) (88)
Recoverable storm-related costs (3) (135)
Other – net (3) (5)
Changes in operating assets and liabilities:    
Current assets (534) (136)
Noncurrent assets (2) (44)
Current liabilities 638 199
Noncurrent liabilities 44 (3)
Net cash provided by operating activities 3,202 2,727
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (4,007) (3,269)
Nuclear fuel purchases (44) (88)
Proceeds from sale or maturity of securities in special use funds 1,183 1,813
Purchases of securities in special use funds (1,245) (1,871)
Other – net (18) (2)
Net cash used in investing activities (4,131) (3,417)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 2,942 1,388
Retirements of long-term debt (100) (54)
Net change in commercial paper (1,382) (1,267)
Capital contributions from NEE 1,500 1,035
Dividends (2,000) (435)
Other – net (33) (16)
Net cash provided by (used in) financing activities 927 651
Net increase (decrease) in cash, cash equivalents and restricted cash (2) (39)
Cash, cash equivalents and restricted cash at beginning of period 108 160
Cash, cash equivalents and restricted cash at end of period 106 121
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 849 $ 755
[1] FPL's comprehensive income is the same as reported net income.