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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 1,498 $ 308
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 749 848
Nuclear fuel and other amortization 74 74
Unrealized losses (gains) on marked to market derivative contracts – net (320) 563
Foreign currency transaction gains (51) (39)
Deferred income taxes 297 (180)
Cost recovery clauses and franchise fees (86) (10)
Equity in losses (earnings) of equity method investees (440) 390
Distributions of earnings from equity method investees 121 100
Gains on disposal of businesses, assets and investments – net (43) (297)
Other – net (239) 311
Changes in operating assets and liabilities:    
Current assets (445) 142
Noncurrent assets (128) (56)
Current liabilities 247 (245)
Noncurrent liabilities 58 (15)
Net cash provided by operating activities 1,292 1,894
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL Segment (1,350) (1,394)
Capital expenditures of Gulf Power (170) (340)
Independent power and other investments of NEER (2,999) (1,492)
Nuclear fuel purchases (57) (57)
Other capital expenditures and other investments 1 (1)
Proceeds from sale or maturity of securities in special use funds 1,377 1,081
Purchases of securities in special use funds (1,460) (1,084)
Other – net 238 152
Net cash used in investing activities (4,420) (3,135)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 4,616 4,353
Retirements of long-term debt (432) (312)
Net change in commercial paper 458 (940)
Proceeds from other short-term debt 0 1,625
Repayments of other short-term debt (200) 0
Payments from related parties under a cash sweep and credit support agreement – net 74 48
Issuances of common stock/equity units – net   (57)
Issuances of common stock/equity units – net 4  
Dividends (755) (685)
Other – net (22) (71)
Net cash provided by (used in) financing activities 3,743 3,961
Effects of currency translation on cash, cash equivalents and restricted cash 4 6
Net increase (decrease) in cash, cash equivalents and restricted cash 619 2,726
Cash, cash equivalents and restricted cash at beginning of period 1,546 1,108
Cash, cash equivalents and restricted cash at end of period 2,165 3,834
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 3,825 3,194
Increase in property, plant and equipment related to an acquisition 0 353
Decrease in joint venture investments related to an acquisition 0 145
FPL [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] 777 682 [2]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 339 470 [3]
Nuclear fuel and other amortization 43 43 [3]
Deferred income taxes 175 218 [3]
Cost recovery clauses and franchise fees (86) (10) [3]
Other – net (101) (25) [3]
Changes in operating assets and liabilities:    
Current assets 132 23 [3]
Noncurrent assets (11) (12) [3]
Current liabilities 16 (78) [3]
Noncurrent liabilities (10) (31) [3]
Net cash provided by operating activities 1,274 1,280 [3]
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,520) (1,728) [3]
Nuclear fuel purchases (25) (42) [3]
Proceeds from sale or maturity of securities in special use funds 1,001 657 [3]
Purchases of securities in special use funds (1,032) (666) [3]
Other – net 1 (13) [3]
Net cash used in investing activities (1,575) (1,792) [3]
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 184 1,558 [3]
Retirements of long-term debt 0 (285) [3]
Net change in commercial paper (932) (1,100) [3]
Capital contributions from NEE 1,035 1,600 [3]
Other – net (8) (18) [3]
Net cash provided by (used in) financing activities 279 1,755 [3]
Net increase (decrease) in cash, cash equivalents and restricted cash (22) 1,243 [3]
Cash, cash equivalents and restricted cash at beginning of period 160 264 [3]
Cash, cash equivalents and restricted cash at end of period 138 1,507 [3]
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 826 $ 637 [3]
[1] FPL's comprehensive income is the same as reported net income.
[2] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[3] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.