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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES $ 3,817 $ 4,358 $ 7,651 $ 8,463
OPERATING EXPENSES        
Fuel, purchased power and interchange 960 1,316 1,888 2,679
Other operations and maintenance 843 800 1,642 1,534
Merger-related 2 9 6 13
Depreciation and amortization 742 737 1,279 1,284
Taxes other than income taxes and other - net 101 350 433 677
Total operating expenses 2,648 3,212 5,248 6,187
OPERATING INCOME 1,169 1,146 2,403 2,276
OTHER INCOME (DEDUCTIONS)        
Interest expense (602) (280) (1,111) (601)
Benefits associated with differential membership interests - net 77 54 161 111
Equity in earnings of equity method investees 44 27 76 36
Allowance for equity funds used during construction 17 16 42 27
Interest income 20 22 39 43
Gains on disposal of assets - net 12 5 27 27
Other - net 26 4 22 12
Total other deductions - net (406) (152) (744) (345)
INCOME BEFORE INCOME TAXES 763 994 1,659 1,931
INCOME TAXES 219 [1] 274 461 [1] 560
Net Income (Loss) 544 [1] 720 1,198 [1] 1,371
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 4 4 5 5
Net Income (Loss) Attributable to Parent $ 540 $ 716 $ 1,193 $ 1,366
Earnings per share of common stock:        
Basic $ 1.17 $ 1.61 $ 2.59 $ 3.08
Assuming dilution 1.16 1.59 2.57 3.04
Dividends per share of common stock $ 0.87 $ 0.77 $ 1.74 $ 1.54
Weighted-average number of common shares outstanding:        
Basic 461.3 445.5 460.9 443.9
Assuming dilution 464.6 449.2 464.0 449.0
FPL [Member]        
OPERATING REVENUES $ 2,750 $ 2,996 $ 5,054 $ 5,538
OPERATING EXPENSES        
Fuel, purchased power and interchange 811 1,098 1,511 2,103
Other operations and maintenance 410 385 800 738
Depreciation and amortization 400 428 620 669
Taxes other than income taxes and other - net 301 305 581 581
Total operating expenses 1,922 2,216 3,512 4,091
OPERATING INCOME 828 780 1,542 1,447
OTHER INCOME (DEDUCTIONS)        
Interest expense (117) (112) (229) (227)
Allowance for equity funds used during construction 14 16 38 26
Other - net 3 1 3 2
Total other deductions - net (100) (95) (188) (199)
INCOME BEFORE INCOME TAXES 728 685 1,354 1,248
INCOME TAXES 280 250 513 454
Net Income (Loss) Attributable to Parent [2] $ 448 $ 435 $ 841 $ 794
[1] Reflects the adoption in the second quarter of 2016 of an accounting standards update. See Note 6 - Stock-Based Compensation.
[2] (a)FPL's comprehensive income is the same as reported net income.