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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 3,388 $ 5,776 $ 5,323
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 4,216 3,911 2,357
Nuclear fuel and other amortization 262 236 281
Impairment charges 72 11 446
Unrealized losses (gains) on marked to market derivative contracts – net (108) 54 436
Foreign currency transaction losses (gains) 17 16 (25)
Deferred income taxes 258 1,463 (882)
Cost recovery clauses and franchise fees 155 (225) 82
Acquisition of purchased power agreement 0 (52) (243)
Benefits associated with differential membership interests - net 0 0 (460)
Equity in earnings of equity method investees (66) (358) (141)
Distributions of earnings from equity method investees 438 328 160
Gains on disposal of businesses, assets and investments – net (461) (191) (1,223)
Gain on NEP deconsolidation 0 (3,927) 0
Recoverable storm-related costs (180) 0 (108)
Other - net (213) 156 109
Changes in operating assets and liabilities:      
Current assets 123 (631) (333)
Noncurrent assets (93) (220) (60)
Current liabilities 116 163 758
Noncurrent liabilities 231 83 (19)
Net cash provided by operating activities 8,155 6,593 6,458
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (5,560) (5,012) (5,174)
Acquisition and capital expenditures of Gulf Power (5,165) 0 0
Independent power and other investments of NEER (6,385) (7,045) (5,335)
Nuclear fuel purchases (315) (267) (197)
Other capital expenditures, acquisitions and other investments (37) (680) (34)
Proceeds from sale of the fiber-optic telecommunications business 0 0 1,454
Sale of independent power and other investments of NEER 1,163 1,617 178
Proceeds from sale or maturity of securities in special use funds and other investments 4,008 3,410 3,207
Purchases of securities in special use funds and other investments (4,160) (3,733) (3,244)
Distributions from equity method investees 0 637 7
Other - net 274 123 220
Net cash used in investing activities (16,177) (10,950) (8,918)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 13,919 4,399 8,354
Retirements of long-term debt (5,492) (3,102) (6,780)
Proceeds from differential membership investors 1,604 1,841 1,414
Net change in commercial paper (234) 1,062 1,419
Proceeds from other short-term debt 200 5,665 450
Repayments of other short-term debt (4,765) (455) (2)
Payments to related parties under a cash sweep and credit support agreement – net (54) (21) 0
Issuances of common stock - net 1,494 718 55
Proceeds from issuance of NEP convertible preferred units - net 0 0 548
Dividends on common stock (2,408) (2,101) (1,845)
Other - net (391) (372) (725)
Net cash provided by (used in) financing activities 3,873 7,634 2,888
Effects of currency translation on cash, cash equivalents and restricted cash 4 (7) 26
Net increase (decrease) in cash, cash equivalents and restricted cash (4,145) 3,270 454
Cash, cash equivalents and restricted cash at beginning of year 5,253 1,983 1,529
Cash, cash equivalents and restricted cash at end of year 1,108 5,253 1,983
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,799 1,209 1,186
Cash paid for income taxes - net 184 200 142
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 3,573 2,138 3,029
Decrease in property, plant and equipment - net as a result of cash grants primarily under the American Recovery and Reinvestment Act of 2009 0 0 (154)
Increase in property, plant and equipment - net as a result of a settlement/noncash exchange (7) (5) (108)
FPL[Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) [1] 2,334 2,171 1,880
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,524 2,633 940
Nuclear fuel and other amortization 175 144 159
Deferred income taxes 44 180 905
Cost recovery clauses and franchise fees 177 (225) 82
Acquisition of purchased power agreement 0 (52) (243)
Recoverable storm-related costs 0 0 (108)
Other - net 6 7 (139)
Changes in operating assets and liabilities:      
Current assets (48) 97 (190)
Noncurrent assets (67) (64) (37)
Current liabilities 32 (509) 699
Noncurrent liabilities 4 40 (32)
Net cash provided by operating activities 5,181 4,422 3,916
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (5,560) (5,012) (5,174)
Nuclear fuel purchases (195) (123) (117)
Proceeds from sale or maturity of securities in special use funds and other investments 2,729 2,232 1,986
Purchases of securities in special use funds and other investments (2,854) (2,402) (2,082)
Other - net 10 239 18
Net cash used in investing activities (5,870) (5,066) (5,369)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 2,498 1,748 1,961
Retirements of long-term debt (95) (1,591) (882)
Net change in commercial paper 226 (431) 1,419
Proceeds from other short-term debt 0 0 450
Repayments of other short-term debt 0 (250) (2)
Capital contributions from NEE 250 1,785 0
Dividends on common stock (2,200) (500) (1,450)
Other - net (49) (37) (22)
Net cash provided by (used in) financing activities 630 724 1,474
Net increase (decrease) in cash, cash equivalents and restricted cash (59) 80 21
Cash, cash equivalents and restricted cash at beginning of year 254 174 153
Cash, cash equivalents and restricted cash at end of year 195 254 174
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 561 520 473
Cash paid for income taxes - net 544 415 2
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 680 549 668
Increase in property, plant and equipment - net as a result of a settlement/noncash exchange (7) (5) (112)
NEE's noncash contribution of a consolidated subsidiary - net $ 0 $ 526 $ 0
[1]
FPL's comprehensive income is the same as reported net income.