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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 1,979 $ 1,874
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,332 2,960
Nuclear fuel and other amortization 211 202
Unrealized losses on marked to market derivative contracts – net 1,924 2,250
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net 569 (137)
Foreign currency transaction gains (162) (70)
Deferred income taxes 208 140
Cost recovery clauses and franchise fees (1,295) (202)
Equity in earnings of equity method investees (180) (465)
Distributions of earnings from equity method investees 408 392
Gains on disposal of businesses, assets and investments – net (279) (89)
Recoverable storm-related costs (26) (171)
Other – net (29) (91)
Changes in operating assets and liabilities:    
Current assets (1,238) (1,227)
Noncurrent assets (66) (316)
Current liabilities 1,809 1,138
Noncurrent liabilities 102 48
Net cash provided by operating activities 7,267 6,236
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (6,021) (5,000)
Independent power and other investments of NEER (7,252) (6,799)
Nuclear fuel purchases (105) (206)
Other capital expenditures (451) 0
Sale of independent power and other investments of NEER 575 384
Proceeds from sale or maturity of securities in special use funds 2,896 3,233
Purchases of securities in special use funds (3,496) (3,498)
Other – net 5 41
Net cash used in investing activities (13,849) (11,845)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 11,616 9,614
Retirements of long-term debt (2,137) (4,262)
Proceeds from differential membership investors 443 328
Net change in commercial paper (457) 2,043
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 8 295
Issuances of common stock/equity units – net 1,458 7
Dividends (2,507) (2,267)
Other – net (386) (434)
Net cash provided by financing activities 9,238 5,066
Effects of currency translation on cash, cash equivalents and restricted cash (5) 1
Net increase (decrease) in cash, cash equivalents and restricted cash 2,651 (542)
Cash, cash equivalents and restricted cash at beginning of period 1,316 1,546
Cash, cash equivalents and restricted cash at end of period 3,967 1,004
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest Paid, Excluding Capitalized Interest, Operating Activities 828 878
Income Taxes Paid (Received), Net (36) (21)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 6,079 4,664
Decrease in property, plant and equipment – net and contract liabilities (2022 activity, see Note 11) 639 155
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 2,939 2,586
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,006 1,724
Nuclear fuel and other amortization 135 130
Deferred income taxes 771 488
Cost recovery clauses and franchise fees (1,295) (202)
Recoverable storm-related costs (26) (171)
Other – net 9 (26)
Changes in operating assets and liabilities:    
Current assets (934) (312)
Noncurrent assets (48) (86)
Current liabilities 899 576
Noncurrent liabilities 94 (7)
Net cash provided by operating activities 4,550 4,700
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (6,021) (5,000)
Nuclear fuel purchases (67) (110)
Proceeds from sale or maturity of securities in special use funds 1,738 2,223
Purchases of securities in special use funds (1,833) (2,302)
Other – net (7) (8)
Net cash used in investing activities (6,190) (5,197)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 2,942 1,388
Retirements of long-term debt (441) (1,304)
Net change in commercial paper (1,382) (852)
Capital contributions from NEE 3,700 1,700
Dividends (2,000) (435)
Other – net (36) (21)
Net cash provided by financing activities 2,783 476
Net increase (decrease) in cash, cash equivalents and restricted cash 1,143 (21)
Cash, cash equivalents and restricted cash at beginning of period 108 160
Cash, cash equivalents and restricted cash at end of period 1,251 139
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest Paid, Excluding Capitalized Interest, Operating Activities 476 410
Income Taxes Paid (Received), Net 145 44
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 946 $ 817
[1] FPL's comprehensive income is the same as reported net income.