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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 5,776 $ 5,323 [1],[2],[3] $ 2,999 [1],[2],[3]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,911 2,357 [3] 3,120 [3]
Nuclear fuel and other amortization 236 281 [3] 308 [3]
Impairment charges 11 446 [1],[3] 7 [1],[3]
Unrealized losses (gains) on marked to market derivative contracts - net 54 436 [3] (44) [3]
Foreign currency transaction losses (gains) 16 (25) [3] 13 [3]
Deferred income taxes 1,463 (882) [3] 1,226 [3]
Cost recovery clauses and franchise fees (225) 82 [3] 94 [3]
Acquisition of purchased power agreement (52) (243) [3] 0 [3]
Benefits associated with differential membership interests - net 0 (460) [1],[3] (309) [1],[3]
Equity in earnings of equity method investees (358) (141) [1],[3] (148) [1],[3]
Distributions of earnings from equity method investees 328 160 [3] 102 [3]
Gains on disposal of a business, assets and investments - net (191) (1,223) [3] (487) [3]
Gain on NEP deconsolidation (3,927) 0 [1],[3] 0 [1],[3]
Recoverable storm-related costs 0 (108) [3] (223) [3]
Other - net 156 109 [3] (32) [3]
Changes in operating assets and liabilities:      
Current assets (631) (333) [3] (146) [3]
Noncurrent assets (220) (60) [3] (58) [3]
Current liabilities 163 758 [3] (32) [3]
Noncurrent liabilities 83 (19) [3] (21) [3]
Net cash provided by operating activities 6,593 6,458 [3] 6,369 [3]
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (5,012) (5,174) [3] (3,776) [3]
Independent power and other investments of NEER (6,994) (5,295) [3] (5,396) [3]
Cash grants under the American Recovery and Reinvestment Act of 2009 3 78 [3] 335 [3]
Nuclear fuel purchases (267) (197) [3] (283) [3]
Other capital expenditures and other investments (731) (74) [3] (181) [3]
Proceeds from sale of the fiber-optic telecommunications business 0 1,454 [3] 0 [3]
Sale of independent power and other investments of NEER 1,617 178 [3] 658 [3]
Proceeds from sale or maturity of securities in special use funds and other investments 3,410 3,207 [3] 3,776 [3]
Purchases of securities in special use funds and other investments (3,733) (3,244) [3] (3,829) [3]
Proceeds from sales of noncontrolling interests in NEP 0 0 [3] 645 [3]
Distributions from equity method investees 637 7 [3] 0 [3]
Other - net 120 142 [3] 5 [3]
Net cash used in investing activities (10,950) (8,918) [3] (8,046) [3]
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 4,399 8,354 [3] 5,657 [3]
Retirements of long-term debt (3,102) (6,780) [3] (3,310) [3]
Proceeds from differential membership investors 1,841 1,414 [3] 1,859 [3]
Net change in commercial paper 1,062 1,419 [3] (106) [3]
Proceeds from other short-term debt 5,665 450 [3] 500 [3]
Repayments of other short-term debt (455) (2) [3] (662) [3]
Payments from related parties under a cash sweep and credit support agreement – net (21) 0 [3] 0 [3]
Issuances of common stock - net 718 55 [3] 537 [3]
Proceeds from issuance of NEP convertible preferred units - net 0 548 [3] 0 [3]
Dividends on common stock (2,101) (1,845) [3] (1,612) [3]
Other - net (372) (725) [3] (439) [3]
Net cash provided by (used in) financing activities 7,634 2,888 [3] 2,424 [3]
Effects of currency translation on cash, cash equivalents and restricted cash (7) 26 [3] 10 [3]
Net increase in cash, cash equivalents and restricted cash 3,270 454 [3] 757 [3]
Cash, cash equivalents and restricted cash at beginning of year [3] 1,983 1,529 772
Cash, cash equivalents and restricted cash at end of year 5,253 1,983 [3] 1,529 [3]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,209 1,186 [3] 1,194 [3]
Cash paid for income taxes - net 200 142 [3] 91 [3]
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 2,138 3,029 [3] 3,626 [3]
Increase (decrease) in property, plant and equipment - net as a result of cash grants primarily under the American Recovery and Reinvestment Act of 2009 0 (154) [3] 419 [3]
Increase in property, plant and equipment - net as a result of a settlement/noncash exchange (5) (108) [3] (72) [3]
Proceeds from differential membership investors used to reduce debt 0 0 [3] 100 [3]
FPL[Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income [4] 2,171 1,880 [5],[6] 1,727 [5],[6]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,633 940 [6] 1,700 [6]
Nuclear fuel and other amortization 144 159 [6] 220 [6]
Deferred income taxes 180 905 [6] 932 [6]
Cost recovery clauses and franchise fees (225) 82 [6] 94 [6]
Acquisition of purchased power agreement (52) (243) [6] 0 [6]
Recoverable storm-related costs 0 (108) [6] (223) [6]
Other - net 7 (139) [6] 42 [6]
Changes in operating assets and liabilities:      
Current assets 97 (190) [6] 25 [6]
Noncurrent assets (64) (37) [6] (31) [6]
Current liabilities (509) 699 [6] 14 [6]
Noncurrent liabilities 40 (32) [6] (86) [6]
Net cash provided by operating activities 4,422 3,916 [6] 4,414 [6]
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (5,012) (5,174) [6] (3,776) [6]
Nuclear fuel purchases (123) (117) [6] (158) [6]
Proceeds from sale or maturity of securities in special use funds and other investments 2,232 1,986 [6] 2,495 [6]
Purchases of securities in special use funds and other investments (2,402) (2,082) [6] (2,506) [6]
Other - net 239 18 [6] 28 [6]
Net cash used in investing activities (5,066) (5,369) [6] (3,917) [6]
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 1,748 1,961 [6] 309 [6]
Retirements of long-term debt (1,591) (882) [6] (262) [6]
Net change in commercial paper (431) 1,419 [6] 212 [6]
Proceeds from other short-term debt 0 450 [6] 500 [6]
Repayments of other short-term debt (250) (2) [6] (450) [6]
Capital contributions from NEE [6]   0 600
Dividends on common stock (500) (1,450) [6] (1,300) [6]
Other - net (37) (22) [6] (51) [6]
Net cash provided by (used in) financing activities 724 1,474 [6] (442) [6]
Net increase in cash, cash equivalents and restricted cash 80 21 [6] 55 [6]
Cash, cash equivalents and restricted cash at beginning of year [6] 174 153 98
Cash, cash equivalents and restricted cash at end of year 254 174 [6] 153 [6]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 520 473 [6] 435 [6]
Cash paid for income taxes - net 415 2 [6] 147 [6]
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 549 668 [6] 664 [6]
Increase in property, plant and equipment - net as a result of a settlement/noncash exchange (5) (112) [6] 0 [6]
NEE's noncash contribution of a consolidated subsidiary - net $ 526 $ 0 [6] $ 0 [6]
[1] Amounts have been retrospectively adjusted as discussed in Note 14 and Note 3 - Amendments to Presentation of Retirement Benefits.
[2] Amounts have been retrospectively adjusted as discussed in Note 14.
[3] Amounts have been retrospectively adjusted as discussed in Note 14.
[4] FPL's comprehensive income is the same as reported net income.
[5] Amounts have been retrospectively adjusted as discussed in Note 14.
[6] Amounts have been retrospectively adjusted as discussed in Note 14.