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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
OPERATING REVENUES $ 3,961 $ 3,591 $ 7,094 $ 7,213
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,557 1,455 2,962 2,804
Other operations and maintenance 771 752 1,463 1,411
Impairment charges 51 0 51 0
Depreciation and amortization 408 386 740 800
Taxes other than income taxes and other 267 289 543 550
Total operating expenses 3,054 2,882 5,759 5,565
OPERATING INCOME 907 709 1,335 1,648
OTHER INCOME (DEDUCTIONS)        
Interest expense (256) (247) (510) (485)
Equity in earnings of equity method investees 18 15 29 23
Allowance for equity funds used during construction 10 9 22 15
Interest income 16 28 37 47
Gains on disposal of assets - net 25 9 42 48
Other - net 7 (29) 8 (32)
Total other deductions - net (180) (215) (372) (384)
INCOME BEFORE INCOME TAXES 727 494 963 1,264
INCOME TAXES 147 77 115 291
NET INCOME 580 417 848 973
Earnings per share of common stock:        
Basic (in dollars per share) $ 1.39 $ 1.02 $ 2.04 $ 2.38
Assuming dilution (in dollars per share) $ 1.38 $ 1.01 $ 2.03 $ 2.37
Dividends per share of common stock (in dollars per share) $ 0.55 $ 0.50 $ 1.10 $ 1.00
Weighted-average number of common shares outstanding:        
Basic (in shares) 416.9 408.9 416.4 408.2
Assuming dilution (in shares) 419.3 411.4 418.9 410.7
FLORIDA POWER & LIGHT COMPANY
       
OPERATING REVENUES 2,801 2,580 5,047 4,908
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,304 1,205 2,375 2,312
Other operations and maintenance 434 424 808 797
Depreciation and amortization 212 193 354 422
Taxes other than income taxes and other 280 257 532 483
Total operating expenses 2,230 2,079 4,069 4,014
OPERATING INCOME 571 501 978 894
OTHER INCOME (DEDUCTIONS)        
Interest expense (96) (91) (187) (179)
Allowance for equity funds used during construction 9 9 21 15
Other - net 1 (1) (1) 0
Total other deductions - net (86) (83) (167) (164)
INCOME BEFORE INCOME TAXES 485 418 811 730
INCOME TAXES 184 153 305 274
NET INCOME $ 301 $ 265 $ 506 $ 456