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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING REVENUES $ 4,069 $ 4,404 [1] $ 7,932 $ 8,377 [1]
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 894 1,018 [1] 1,713 1,917 [1]
Other operations and maintenance 849 844 [1] 1,626 1,683 [1]
Merger-related 1 4 [1] 1 15 [1]
Depreciation and amortization 831 886 [1] 1,688 1,505 [1]
Gains on disposal of a business/assets - net (39) (1) [1] (55) (1,101) [1]
Taxes other than income taxes and other - net 371 377 [1] 750 720 [1]
Total operating expenses - net 2,907 3,128 [1] 5,723 4,739 [1]
OPERATING INCOME 1,162 1,276 [1] 2,209 3,638 [1]
OTHER INCOME (DEDUCTIONS)        
Interest expense (394) (430) [1] (620) (790) [1]
Benefits associated with differential membership interests - net 0 119 [1] 0 244 [1]
Equity in earnings of equity method investees 54 66 [1] 251 97 [1]
Allowance for equity funds used during construction 22 25 [1] 44 47 [1]
Interest income 10 19 [1] 28 39 [1]
Gain on NEP deconsolidation 0 0 [1] 3,935 0 [1],[2]
Gains on disposal of investments and other property - net 3 3 [1] 53 48 [1]
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net 13 0 [1] (7) 0 [1]
Other net periodic benefit income 51 10 [1] 102 53 [1]
Other - net 10 5 [1] 16 (17) [1]
Total other income (deductions) - net (231) (183) [1] 3,802 (279) [1]
INCOME BEFORE INCOME TAXES 931 1,093 [1] 6,011 3,359 [1]
INCOME TAXES 230 289 [1] 1,479 964 [1]
Net Income (Loss) 701 804 [1] 4,532 2,395 [1],[2]
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 94 (11) [1] 691 (19) [1]
NET INCOME $ 795 $ 793 [1] $ 5,223 $ 2,376 [1]
Earnings per share of common stock:        
Basic (in dollars per share) $ 1.69 $ 1.69 [1] $ 11.09 $ 5.08 [1]
Assuming dilution (in dollars per share) 1.64 1.68 [1] 10.95 5.05 [1]
Dividends per share of common stock (in dollars per share) $ 1.11 $ 0.9825 [1] $ 2.22 $ 1.965 [1]
Weighted-average number of common shares outstanding:        
Basic (in shares) 471.1 467.9 [1] 470.9 467.7 [1]
Assuming dilution (in shares) 475.2 471.7 [1] 474.7 471.0 [1]
FPL [Member]        
OPERATING REVENUES $ 2,908 $ 3,091 $ 5,528 $ 5,618
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 765 893 1,477 1,661
Other operations and maintenance 388 404 734 775
Depreciation and amortization 511 537 1,056 810
Taxes other than income taxes and other - net 322 316 632 620
Total operating expenses - net 1,986 2,150 3,899 3,866
OPERATING INCOME 922 941 1,629 1,752
OTHER INCOME (DEDUCTIONS)        
Interest expense (141) (121) (275) (240)
Allowance for equity funds used during construction 20 19 42 34
Other - net 1 0 2 1
Total other income (deductions) - net (120) (102) (231) (205)
INCOME BEFORE INCOME TAXES 802 839 1,398 1,547
INCOME TAXES 176 313 288 576
NET INCOME [3] $ 626 $ 526 $ 1,110 $ 971 [4]
[1] Prior period amounts have been retrospectively adjusted as discussed in Note 3 - Amendments to Presentation of Retirement Benefits.
[2] Prior period amounts have been retrospectively adjusted as discussed in Note 11 - Restricted Cash.
[3] FPL's comprehensive income is the same as reported net income.
[4] Prior period amounts have been retrospectively adjusted as discussed in Note 11 - Restricted Cash.