10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| OPERATING REVENUES | $ 15,317 | 15,643 | 16,410 |
| Operating Expenses | |||
| Fuel, purchased power and interchange | 6,242 | 7,405 | 8,412 |
| Other operations and maintenance | 2,877 | 2,649 | 2,527 |
| Depreciation and amortization | 1,807 | 1,765 | 1,442 |
| Taxes other than income taxes and other | 1,148 | 1,230 | 1,204 |
| Total operating expenses | 12,074 | 13,049 | 13,585 |
| OPERATING INCOME | 3,243 | 2,594 | 2,825 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest expense | (979) | (849) | (813) |
| Equity in earnings of equity method investees | 58 | 52 | 93 |
| Allowance for equity funds used during construction | 37 | 53 | 35 |
| Interest income | 91 | 78 | 72 |
| Gains on disposal of assets - net | 67 | 60 | 18 |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | (16) | (58) | (148) |
| Other - net | (12) | 12 | 7 |
| Total other deductions - net | (754) | (652) | (736) |
| INCOME BEFORE INCOME TAXES | 2,489 | 1,942 | 2,089 |
| INCOME TAXES | 532 [1] | 327 | 450 |
| NET INCOME | 1,957 | 1,615 | 1,639 |
| Earnings per share of common stock: | |||
| Basic (in dollars per share) | 4.77 | 3.99 | 4.10 |
| Assuming dilution (in dollars per share) | 4.74 | 3.97 | 4.07 |
| Dividends per share of common stock (in dollars per share) | 2.00 | 1.89 | 1.78 |
| Weighted-average number of common shares outstanding: | |||
| Basic (in shares) | 410,300 | 404,400 | 400,100 |
| Assuming dilution (in shares) | 413,000 | 407,200 | 402,700 |
| [1] NextEra Energy Resources' tax expense (benefit) includes PTCs that were recognized based on its tax sharing agreement with NextEra Energy. See Note 1 - Income Taxes. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 1,957 | 1,615 | 1,639 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 1,807 | 1,765 | 1,442 |
| Nuclear fuel amortization | 285 | 239 | 201 |
| Unrealized (gains) losses on marked to market energy contracts | (386) | 59 | (337) |
| Deferred income taxes | 511 | 273 | 569 |
| Cost recovery clauses and franchise fees | (629) | 624 | (111) |
| Changes in prepaid option premiums and derivative settlements | 86 | (11) | (12) |
| Equity in earnings of equity method investees | (58) | (52) | (93) |
| Distributions of earnings from equity method investees | 74 | 69 | 124 |
| Allowance for equity funds used during construction | (37) | (53) | (35) |
| Gains on disposal of assets - net | (67) | (60) | (18) |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | 16 | 58 | 148 |
| Changes in operating assets and liabilities: | |||
| Customer receivables | (73) | 18 | 49 |
| Other receivables | (29) | (13) | (26) |
| Materials, supplies and fossil fuel inventory | 22 | 85 | (106) |
| Other current assets | (52) | 9 | (31) |
| Other assets | 42 | (103) | (166) |
| Accounts payable | 179 | (86) | (120) |
| Customer deposits | 21 | 38 | 37 |
| Margin cash collateral | 61 | (110) | 49 |
| Income taxes | 56 | 8 | (17) |
| Interest and other taxes | (3) | 22 | 30 |
| Other current liabilities | 76 | (45) | 189 |
| Other liabilities | (63) | (5) | (61) |
| Other - net | 38 | 119 | 59 |
| Net cash provided by operating activities | 3,834 | 4,463 | 3,403 |
| Net cash used in investing activities | |||
| Capital expenditures of FPL | (2,605) | (2,522) | (2,234) |
| Independent power and other investments of NextEra Energy Resources | (2,899) | (3,068) | (2,715) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 588 | 100 | 0 |
| Funds received from a spent fuel settlement | 44 | 86 | 0 |
| Nuclear fuel purchases | (274) | (362) | (247) |
| Other capital expenditures | (68) | (54) | (40) |
| Proceeds from sale of securities in special use funds | 6,726 | 4,592 | 2,235 |
| Purchases of securities in special use funds | (6,835) | (4,710) | (2,315) |
| Proceeds from sale of other securities | 721 | 773 | 28 |
| Purchases of other securities | (714) | (782) | (84) |
| Funding of loan | 0 | 0 | (500) |
| Other - net | 32 | 12 | 64 |
| Net cash used in investing activities | (5,284) | (5,935) | (5,808) |
| Net cash provided by financing activities | |||
| Issuances of long-term debt | 3,724 | 3,220 | 3,827 |
| Retirements of long-term debt | (769) | (1,635) | (1,358) |
| Proceeds from sale of differential membership interests | 261 | 0 | 0 |
| Net change in short-term debt | (1,130) | 154 | 848 |
| Issuances of common stock - net | 308 | 198 | 41 |
| Dividends on common stock | (823) | (766) | (714) |
| Other - net | (57) | 4 | 6 |
| Net cash provided by financing activities | 1,514 | 1,175 | 2,650 |
| Net increase (decrease) in cash and cash equivalents | 64 | (297) | 245 |
| Cash and cash equivalents at beginning of year | 238 | 535 | 290 |
| Cash and cash equivalents at end of year | 302 | 238 | 535 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 916 | 805 | 764 |
| Cash paid for income taxes - net | 20 | 61 | 4 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Assumption of debt in connection with the purchase of independent power projects | 35 | 0 | 31 |
| Accrued property additions | 545 | 683 | 448 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NEXTERA ENERGY INC | ||
Ticker: NEE Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Electric utility plant in service and other property | $ 48,841 | 46,330 |
| Nuclear fuel | 1,539 | 1,414 |
| Construction work in progress | 3,841 | 2,425 |
| Less accumulated depreciation and amortization | (15,146) | (14,091) |
| Total property, plant and equipment - net ($2,398 related to VIEs at December 31, 2010) | 39,075 | 36,078 |
| CURRENT ASSETS | ||
| Cash and cash equivalents | 302 | 238 |
| Customer receivables, net of allowances of $20 and $23, respectively | 1,509 | 1,431 |
| Other receivables, net of allowances of $1 and $1, respectively | 1,073 | 816 |
| Materials, supplies and fossil fuel inventory | 857 | 877 |
| Regulatory Assets: | ||
| Deferred clause and franchise expenses | 368 | 69 |
| Derivatives | 236 | 68 |
| Other | 82 | 72 |
| Derivatives | 506 [1] | 357 |
| Other | 325 | 409 |
| Total current assets | 5,258 | 4,337 |
| OTHER ASSETS | ||
| Special use funds | 3,742 | 3,390 |
| Other investments | 971 | 935 |
| Prepaid benefit costs | 1,259 | 1,184 |
| Regulatory Assets: | ||
| Securitized storm-recovery costs ($356 related to a VIE at December 31, 2010) | 581 | 644 |
| Other | 329 | 265 |
| Other | 1,779 | 1,625 |
| Total other assets | 8,661 | 8,043 |
| TOTAL ASSETS | 52,994 | 48,458 |
| CAPITALIZATION | ||
| Common stock | 4 | 4 |
| Additional paid-in capital | 5,418 | 5,055 |
| Retained earnings | 8,873 | 7,739 |
| Accumulated other comprehensive income | 166 | 169 |
| Total Common Shareholders Equity | 14,461 | 12,967 |
| Long-term debt ($1,338 related to VIEs at December 31, 2010) | 18,013 | 16,300 |
| Total capitalization | 32,474 | 29,267 |
| CURRENT LIABILITIES | ||
| Commercial Paper | 889 | 2,020 |
| Current maturities of long-term debt | 1,920 | 569 |
| Accounts payable | 1,124 | 992 |
| Customer deposits | 634 | 613 |
| Accrued interest and taxes | 462 | 466 |
| Regulatory Liabilities: | ||
| Deferred clause and franchise revenues | 47 | 377 |
| Other | 4 | 2 |
| Derivatives | 536 [2] | 221 |
| Accrued construction-related expenditures | 371 | 476 |
| Other | 917 | 713 |
| Total current liabilities | 6,904 | 6,449 |
| OTHER LIABILITIES AND DEFERRED CREDITS | ||
| Asset retirement obligations | 1,639 | 2,418 |
| Accumulated deferred income taxes | 5,109 | 4,860 |
| Regulatory liabilities: | ||
| Accrued asset removal costs | 2,244 | 2,251 |
| Asset retirement obligation regulatory expense difference | 1,592 | 671 |
| Other | 423 | 260 |
| Derivatives | 243 [3] | 170 |
| Deferral related to differential membership interests ($949 related to VIEs at December 31, 2010) | 949 | 700 |
| Other | 1,417 | 1,412 |
| Total other liabilities and deferred credits | 13,616 | 12,742 |
| Commitments and Contingencies | ||
| TOTAL CAPITALIZATION AND LIABILITIES | 52,994 | 48,458 |
| [1] At December 31, 2010 and 2009, NextEra Energy's balances reflect the netting of approximately $23 million and $4 million (none at FPL), respectively, in margin cash collateral received from counterparties. | ||
| [2] At December 31, 2010 and 2009, NextEra Energy's balances reflect the netting of approximately $23 million and $75 million (none at FPL), respectively, in margin cash collateral provided to counterparties. | ||
| [3] At December 31, 2010, NextEra Energy's balance reflects the netting of approximately $72 million (none at FPL) in margin cash collateral provided to counterparties. | ||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |