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Summarized Financial Information of Capital Holdings (Tables)
 6 Months Ended
Jun. 30, 2014
Summarized Financial Information [Abstract]  
Condensed Consolidating Statements
Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income

 
Three Months Ended June 30,
 
2014
 
2013
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
1,143

 
$
2,886

 
$
4,029

 
$
—

 
$
1,140

 
$
2,693

 
$
3,833

Operating expenses
(4
)
 
(969
)
 
(2,105
)
 
(3,078
)
 
(4
)
 
(878
)
 
(1,970
)
 
(2,852
)
Interest expense
(2
)
 
(194
)
 
(109
)
 
(305
)
 
(2
)
 
(161
)
 
(103
)
 
(266
)
Equity in earnings of subsidiaries
507

 
—

 
(507
)
 
—

 
623

 
—

 
(623
)
 
—

Other income (deductions) - net
1

 
130

 
7

 
138

 
(1
)
 
94

 
13

 
106

Income before income taxes
502

 
110

 
172

 
784

 
616

 
195

 
10

 
821

Income tax expense (benefit)
10

 
26

 
256

 
292

 
6

 
(36
)
 
241

 
211

Net income (loss)
$
492

 
$
84

 
$
(84
)
 
$
492

 
$
610

 
$
231

 
$
(231
)
 
$
610



 
Six Months Ended June 30,
 
2014
 
2013(b)
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
—

 
$
2,286

 
$
5,417

 
$
7,703

 
$
—

 
$
2,234

 
$
4,878

 
$
7,112

Operating expenses
(8
)
 
(2,001
)
 
(4,004
)
 
(6,013
)
 
(7
)
 
(2,078
)
 
(3,612
)
 
(5,697
)
Interest expense
(3
)
 
(410
)
 
(211
)
 
(624
)
 
(5
)
 
(331
)
 
(201
)
 
(537
)
Equity in earnings of subsidiaries
942

 
—

 
(942
)
 
—

 
872

 
—

 
(872
)
 
—

Other income (deductions) - net
—

 
278

 
21

 
299

 
1

 
100

 
28

 
129

Income (loss) from continuing operations before income taxes
931

 
153

 
281

 
1,365

 
861

 
(75
)
 
221

 
1,007

Income tax expense (benefit)
10

 
(19
)
 
453

 
444

 
(7
)
 
(52
)
 
414

 
355

Income (loss) from continuing operations
921

 
172

 
(172
)
 
921

 
868

 
(23
)
 
(193
)
 
652

Gain from discontinued operations, net of income taxes
—

 
—

 
—

 
—

 
15

 
216

 
—

 
231

Net income (loss)
$
921

 
$
172

 
$
(172
)
 
$
921

 
$
883

 
$
193

 
$
(193
)
 
$
883


————————————
(a)  Represents FPL and consolidating adjustments.
(b)  Certain amounts were restated to conform to current year's presentation.  See Note 4 - Nonrecurring Fair Value Measurements.

Condensed Consolidating Statements of Comprehensive Income

 
Three Months Ended June 30,
 
2014
 
2013
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss)
$
530

 
$
122

 
$
(122
)
 
$
530

 
$
644

 
$
265

 
$
(265
)
 
$
644


 
Six Months Ended June 30,
 
2014
 
2013
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
NEE
(Guarantor)
 
NEECH
 
Other(a)
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Comprehensive income (loss)
$
924

 
$
170

 
$
(170
)
 
$
924

 
$
1,036

 
$
339

 
$
(339
)
 
$
1,036

————————————
(a)
Represents FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets

 
June 30, 2014
 
December 31, 2013
 
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
$
32

 
$
30,299

 
$
41,102

 
$
71,433

 
$
31

 
$
29,511

 
$
39,906

 
$
69,448

Less accumulated depreciation and amortization
(12
)
 
(6,164
)
 
(11,226
)
 
(17,402
)
 
(10
)
 
(5,774
)
 
(10,944
)
 
(16,728
)
Total property, plant and equipment - net
20

 
24,135

 
29,876

 
54,031

 
21

 
23,737

 
28,962

 
52,720

CURRENT ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
19

 
545

 
58

 
622

 
—

 
418

 
20

 
438

Receivables
233

 
1,623

 
436

 
2,292

 
78

 
1,542

 
669

 
2,289

Other
60

 
1,854

 
1,271

 
3,185

 
6

 
1,814

 
1,295

 
3,115

Total current assets
312

 
4,022

 
1,765

 
6,099

 
84

 
3,774

 
1,984

 
5,842

OTHER ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Investment in subsidiaries
18,253

 
—

 
(18,253
)
 
—

 
17,910

 
—

 
(17,910
)
 
—

Other
750

 
5,509

 
5,201

 
11,460

 
694

 
5,129

 
4,921

 
10,744

Total other assets
19,003

 
5,509

 
(13,052
)
 
11,460

 
18,604

 
5,129

 
(12,989
)
 
10,744

TOTAL ASSETS
$
19,335

 
$
33,666

 
$
18,589

 
$
71,590

 
$
18,709

 
$
32,640

 
$
17,957

 
$
69,306

CAPITALIZATION
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Common shareholders' equity
$
18,429

 
$
4,800

 
$
(4,800
)
 
$
18,429

 
$
18,040

 
$
4,816

 
$
(4,816
)
 
$
18,040

Long-term debt
—

 
16,107

 
8,942

 
25,049

 
—

 
15,496

 
8,473

 
23,969

Total capitalization
18,429

 
20,907

 
4,142

 
43,478

 
18,040

 
20,312

 
3,657

 
42,009

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt due within one year
—

 
4,392

 
509

 
4,901

 
—

 
3,896

 
561

 
4,457

Accounts payable
1

 
731

 
743

 
1,475

 
—

 
589

 
611

 
1,200

Other
417

 
1,937

 
960

 
3,314

 
199

 
2,203

 
1,130

 
3,532

Total current liabilities
418

 
7,060

 
2,212

 
9,690

 
199

 
6,688

 
2,302

 
9,189

OTHER LIABILITIES AND DEFERRED CREDITS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Asset retirement obligations
—

 
586

 
1,319

 
1,905

 
—

 
565

 
1,285

 
1,850

Deferred income taxes
234

 
1,822

 
6,171

 
8,227

 
166

 
1,963

 
6,015

 
8,144

Other
254

 
3,291

 
4,745

 
8,290

 
304

 
3,112

 
4,698

 
8,114

Total other liabilities and deferred credits
488

 
5,699

 
12,235

 
18,422

 
470

 
5,640

 
11,998

 
18,108

COMMITMENTS AND CONTINGENCIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL CAPITALIZATION AND LIABILITIES
$
19,335

 
$
33,666

 
$
18,589

 
$
71,590

 
$
18,709

 
$
32,640

 
$
17,957

 
$
69,306

————————————
(a)
Represents FPL and consolidating adjustments.
Condensed Consolidating Statements of Cash Flows

 
Six Months Ended June 30,
 
2014
 
2013
 
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
$
754

 
$
659

 
$
1,035

 
$
2,448

 
$
598

 
$
657

 
$
995

 
$
2,250

CASH FLOWS FROM INVESTING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures, independent power and other investments and nuclear fuel purchases
—

 
(1,562
)
 
(1,677
)
 
(3,239
)
 
—

 
(1,647
)
 
(1,507
)
 
(3,154
)
Capital contribution to FPL
(100
)
 
—

 
100

 
—

 
—

 
—

 
—

 
—

Cash grants under the Recovery Act
—

 
306

 
—

 
306

 
—

 
170

 
—

 
170

Sale of independent power investments
—

 
273

 
—

 
273

 
—

 
—

 
—

 
—

Change in loan proceeds restricted for construction
—

 
(366
)
 
—

 
(366
)
 
—

 
207

 
—

 
207

Other - net
7

 
(49
)
 
(37
)
 
(79
)
 
—

 
26

 
(34
)
 
(8
)
Net cash used in investing activities
(93
)
 
(1,398
)
 
(1,614
)
 
(3,105
)
 
—

 
(1,244
)
 
(1,541
)
 
(2,785
)
CASH FLOWS FROM FINANCING ACTIVITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Issuances of long-term debt
—

 
2,229

 
500

 
2,729

 
—

 
2,364

 
498

 
2,862

Retirements of long-term debt
—

 
(1,946
)
 
(329
)
 
(2,275
)
 
—

 
(998
)
 
(427
)
 
(1,425
)
Proceeds from sale of differential membership interests
—

 
39

 
—

 
39

 
—

 
201

 
—

 
201

Net change in short-term debt
—

 
678

 
247

 
925

 
—

 
(611
)
 
241

 
(370
)
Dividends on common stock
(630
)
 
—

 
—

 
(630
)
 
(557
)
 
—

 
—

 
(557
)
Other - net
(12
)
 
(134
)
 
199

 
53

 
(43
)
 
(275
)
 
224

 
(94
)
Net cash provided by (used in) financing activities
(642
)
 
866

 
617

 
841

 
(600
)
 
681

 
536

 
617

Net increase (decrease) in cash and cash equivalents
19

 
127

 
38

 
184

 
(2
)
 
94

 
(10
)
 
82

Cash and cash equivalents at beginning of period
—

 
418

 
20

 
438

 
2

 
287

 
40

 
329

Cash and cash equivalents at end of period
$
19

 
$
545

 
$
58

 
$
622

 
$
—

 
$
381

 
$
30

 
$
411

————————————
(a)
Represents FPL and consolidating adjustments.