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: 2015 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 22, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| OPERATING REVENUES | $ 17,486 | 17,021 | 15,136 |
| OPERATING EXPENSES | |||
| Fuel, purchased power and interchange | 5,327 | 5,602 | 4,958 |
| Other operations and maintenance | 3,269 | 3,149 | 3,194 |
| Impairment charges | 2 | 11 | 300 |
| Merger-related | 26 | 0 | 0 |
| Depreciation and amortization | 2,831 | 2,551 | 2,163 |
| Taxes other than income taxes and other | 1,399 | 1,324 | 1,280 |
| Total operating expenses | 12,854 | 12,637 | 11,895 |
| OPERATING INCOME | 4,632 | 4,384 | 3,241 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest expense | (1,211) | (1,261) | (1,121) |
| Benefits associated with differential membership interests - net | 216 | 199 | 165 |
| Equity in earnings of equity method investees | 107 | 93 | 25 |
| Allowance for equity funds used during construction | 70 | 37 | 63 |
| Interest income | 86 | 80 | 78 |
| Gains on disposal of assets - net | 90 | 105 | 54 |
| Gain (loss) associated with Maine fossil | 0 | 21 | (67) |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | (40) | (13) | (11) |
| Other - net | 40 | 0 | 27 |
| Total other deductions - net | (642) | (739) | (787) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 3,990 | 3,645 | 2,454 |
| INCOME TAXES | 1,228 | 1,176 | 777 |
| INCOME FROM CONTINUING OPERATIONS | 2,762 | 2,469 | 1,677 |
| GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES | 0 | 0 | 231 |
| NET INCOME | 2,762 | 2,469 | 1,908 |
| Net income attributable to noncontrolling interest | 10 | 4 | 0 |
| Net income attributable to parent | 2,752 | 2,465 | 1,908 |
| Earnings per share attributable to NEE - basic: | |||
| Basic EPS - Continuing operations | 6.11 | 5.67 | 3.95 |
| Basic EPS - Discontinued operations | 0.00 | 0.00 | 0.55 |
| Total | 6.11 | 5.67 | 4.50 |
| Earnings per share attributable to NEE - assuming dilution: | |||
| Diluted EPS - Continuing operations | 6.06 | 5.60 | 3.93 |
| Basic EPS - Discontinued operations | 0.00 | 0.00 | 0.54 |
| Total | 6.06 | 5.60 | 4.47 |
| Weighted-average number of common shares outstanding: | |||
| Basic | 450,500 | 434,400 | 424,200 |
| Assuming dilution | 454,000 | 440,100 | 427,000 |
| Legal Entity | |||
| FPL | |||
| OPERATING REVENUES | 11,651 | 11,421 | 10,445 |
| Fuel, purchased power and interchange | 4,276 | 4,375 | 3,925 |
| Other operations and maintenance | 1,617 | 1,620 | 1,699 |
| Depreciation and amortization | 1,576 | 1,432 | 1,159 |
| Taxes other than income taxes and other | 1,205 | 1,166 | 1,123 |
| Total operating expenses | 8,674 | 8,593 | 7,906 |
| OPERATING INCOME | 2,977 | 2,828 | 2,539 |
| Interest expense | (445) | (439) | (415) |
| Allowance for equity funds used during construction | 68 | 36 | 55 |
| Other - net | 5 | 2 | 5 |
| Total other deductions - net | (372) | (401) | (355) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 2,605 | 2,427 | 2,184 |
| INCOME TAXES | 957 | 910 | 835 |
| Net income attributable to parent | 1,648 [1] | 1,517 | 1,349 |
| [1] FPL's comprehensive income is the same as reported net income | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 22, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net income | $ 2,762 | 2,469 | 1,908 |
| Effective portion of net unrealized gains (losses) (net of $37 and $80 tax benefit and $45 tax expense, respectively) | (88) | (141) | 84 |
| Reclassification from accumulated other comprehensive income to net income (net of $25, $57 and $38 tax expense, respectively) | 63 | 98 | 67 |
| Net unrealized gains (losses) on securities still held (net of $8 tax benefit, $45 and $84 tax expense, respectively) | (7) | 62 | 118 |
| Reclassification from accumulated other comprehensive income to net income (net of $33, $26 and $10 tax benefit, respectively) | (37) | (41) | (17) |
| Defined benefit pension and other benefits plans (net of $26 and $27 tax benefit and $61 tax expense, respectively) | (42) | (43) | 97 |
| Net unrealized losses on foreign currency translation (net of $2, $12 and $22 tax benefit, respectively) | (27) | (25) | (45) |
| Other comprehensive income (loss) related to equity method investee (net of $5 tax benefit and $5 tax expense, respectively) | 0 | (8) | 7 |
| Total other comprehensive income (loss), net of tax | (138) | (98) | 311 |
| COMPREHENSIVE INCOME | 2,624 | 2,371 | 2,219 |
| LESS COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | (1) | 2 | 0 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NEE | 2,625 | 2,369 | 2,219 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 22, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 2,762 | 2,469 | 1,908 |
| NET INCOME | 2,752 | 2,465 | 1,908 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 2,831 | 2,551 | 2,163 |
| Nuclear fuel and other amortization | 372 | 345 | 358 |
| Impairment charges | 2 | 11 | 300 |
| Unrealized gains on marked to market energy contracts | (337) | (411) | (10) |
| Deferred income taxes | 1,162 | 1,205 | 853 |
| Cost recovery clauses and franchise fees | 176 | (67) | (166) |
| Purchased power agreement termination | (521) | 0 | 0 |
| Benefits associated with differential membership interests - net | (216) | (199) | (165) |
| Gain from discontinued operations, net of income taxes | 0 | 0 | (231) |
| Other - net | (23) | 134 | 144 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables | 90 | (7) | (268) |
| Materials, supplies and fossil fuel inventory | 17 | (135) | (81) |
| Other current assets | (34) | (30) | 8 |
| Other assets | (106) | (220) | 8 |
| Accounts payable and customer deposits | (206) | 110 | 122 |
| Margin cash collateral | 81 | (59) | 156 |
| Income taxes | 28 | (75) | (56) |
| Other current liabilities | 161 | (110) | 143 |
| Other liabilities | (123) | (12) | (84) |
| Net cash provided by operating activities | 6,116 | 5,500 | 5,102 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (3,428) | (3,067) | (2,691) |
| Independent power and other investments of NEER | (4,505) | (3,588) | (3,478) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 8 | 343 | 165 |
| Nuclear fuel purchases | (361) | (287) | (371) |
| Other capital expenditures and other investments | (83) | (75) | (142) |
| Sale of independent power and other investments of NEER | 52 | 307 | 165 |
| Change in loan proceeds restricted for construction | (9) | (40) | 228 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 4,851 | 4,621 | 4,405 |
| Purchases of securities in special use funds and other investments | (4,982) | (4,767) | (4,470) |
| Proceeds from the sale of a noncontrolling interest in subsidiaries | 345 | 438 | 0 |
| Other - net | 107 | (246) | 66 |
| Net cash used in investing activities | (8,005) | (6,361) | (6,123) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 5,772 | 5,054 | 4,371 |
| Retirements of long-term debt | (3,972) | (4,750) | (2,396) |
| Proceeds from differential membership investors | 761 | 978 | 448 |
| Payments to differential membership investors | (92) | (71) | (63) |
| Proceeds from Notes Payable | 1,225 | 500 | 0 |
| Repayments of Notes Payable | (813) | (500) | (200) |
| Net change in commercial paper | (768) | 451 | (520) |
| Issuances of common stock - net | 1,298 | 633 | 842 |
| Dividends on common stock | (1,385) | (1,261) | (1,122) |
| Other - net | (143) | (34) | (230) |
| Net cash provided by (used in) financing activities | 1,883 | 1,000 | 1,130 |
| Net increase (decrease) in cash and cash equivalents | (6) | 139 | 109 |
| Cash and cash equivalents at beginning of year | 577 | 438 | |
| Cash and cash equivalents at end of year | 571 | 577 | 438 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,143 | 1,181 | 1,070 |
| Cash paid (received) for income taxes - net | 33 | 46 | (20) |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 2,616 | 956 | 1,098 |
| Sale of hydropower generation plants through assumption of debt by buyer | 0 | 0 | 700 |
| Assumption of debt and acquisition holdbacks in connection with the acquisition of the Texas pipeline business | 1,078 | 0 | 0 |
| Decrease (increase) in property, plant and equipment as a result of a settlement | (45) | 181 | 0 |
| Legal Entity | |||
| FPL | |||
| NET INCOME | 1,648 [1] | 1,517 | 1,349 |
| Depreciation and amortization | 1,576 | 1,432 | 1,159 |
| Nuclear fuel and other amortization | 209 | 201 | 184 |
| Deferred income taxes | 504 | 601 | 617 |
| Cost recovery clauses and franchise fees | 176 | (67) | (166) |
| Purchased power agreement termination | (521) | 0 | 0 |
| Other - net | (56) | 94 | 46 |
| Customer and other receivables | (79) | (10) | (5) |
| Materials, supplies and fossil fuel inventory | 22 | (106) | (16) |
| Other current assets | (32) | (9) | 15 |
| Other assets | (53) | (103) | (12) |
| Accounts payable and customer deposits | (72) | 28 | (1) |
| Income taxes | 14 | (34) | 384 |
| Other current liabilities | 98 | (64) | 11 |
| Other liabilities | (41) | (26) | (7) |
| Net cash provided by operating activities | 3,393 | 3,454 | 3,558 |
| Capital expenditures of FPL | (3,428) | (3,067) | (2,691) |
| Nuclear fuel purchases | (205) | (174) | (212) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,731 | 3,349 | 3,342 |
| Purchases of securities in special use funds and other investments | (3,792) | (3,414) | (3,389) |
| Other - net | 19 | (268) | 30 |
| Net cash used in investing activities | (3,675) | (3,574) | (2,920) |
| Issuances of long-term debt | 1,084 | 997 | 497 |
| Retirements of long-term debt | (551) | (355) | (453) |
| Proceeds from Notes Payable | 100 | 0 | 0 |
| Net change in commercial paper | (1,086) | 938 | 99 |
| Capital contributions from NEE | 1,454 | 100 | 275 |
| Dividends on common stock | (700) | (1,550) | (1,070) |
| Other - net | (10) | (15) | (7) |
| Net cash provided by (used in) financing activities | 291 | 115 | (659) |
| Net increase (decrease) in cash and cash equivalents | 9 | (5) | (21) |
| Cash and cash equivalents at beginning of year | 23 | 19 | 19 |
| Cash and cash equivalents at end of year | 23 | 19 | 19 |
| Cash paid for interest (net of amount capitalized) | 435 | 417 | 410 |
| Cash paid (received) for income taxes - net | 439 | 342 | (166) |
| Accrued property additions | 474 | 404 | 386 |
| [1] FPL's comprehensive income is the same as reported net income | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NEXTERA ENERGY INC | ||
Ticker: NEE Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 22, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Electric plant in service and other property | $ 72,606 | 68,042 |
| Nuclear fuel | 2,067 | 2,006 |
| Construction work in progress | 5,657 | 3,591 |
| Accumulated depreciation and amortization | (18,944) | (17,934) |
| Total property, plant and equipment - net | 61,386 | 55,705 |
| ELECTRIC UTILITY PLANT | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 571 | 577 |
| Customer receivables, net of allowances | 1,784 | 1,805 |
| Other receivables | 481 | 354 |
| Materials, supplies and fossil fuel inventory | 1,259 | 1,292 |
| Regulatory assets: | ||
| Deferred clause and franchise expenses | 75 | 268 |
| Derivatives | 218 | 364 |
| Other | 210 | 116 |
| Derivatives | 712 | 990 |
| Deferred income taxes | 0 | 739 |
| Assets held for sale | 1,009 | 0 |
| Other | 476 | 439 |
| Total current assets | 6,795 | 6,944 |
| OTHER ASSETS | ||
| Special use funds | 5,138 | 5,166 |
| Other investments | 1,786 | 1,399 |
| Prepaid benefit costs | 1,155 | 1,244 |
| Regulatory assets: | ||
| Purchased power agreement termination | 726 | 0 |
| Securitized storm-recovery costs | 208 | 294 |
| Other | 844 | 657 |
| Derivatives | 1,202 | 1,009 |
| Other | 3,239 | 2,187 |
| Total other assets | 14,298 | 11,956 |
| TOTAL ASSETS | 82,479 | 74,605 |
| CAPITALIZATION | ||
| Common stock | 5 | 4 |
| Additional paid-in capital | 8,596 | 7,179 |
| Retained earnings | 14,140 | 12,773 |
| Accumulated other comprehensive loss | (167) | (40) |
| Total common shareholders' equity | 22,574 | 19,916 |
| Noncontrolling interests | 538 | 252 |
| Total equity | 23,112 | 20,168 |
| Long-term debt | 26,681 | 24,044 |
| Total capitalization | 49,793 | 44,212 |
| CURRENT LIABILITIES | ||
| Commercial paper | 374 | 1,142 |
| Notes payable | 412 | 0 |
| Current maturities of long-term debt | 2,220 | 3,515 |
| Accounts payable | 2,529 | 1,354 |
| Customer deposits | 473 | 462 |
| Accrued interest and taxes | 449 | 474 |
| Derivatives | 882 | 1,289 |
| Accrued construction-related expenditures | 921 | 676 |
| Liabilities associated with assets held for sale | 992 | 0 |
| Other | 855 | 751 |
| Total current liabilities | 10,107 | 9,663 |
| OTHER LIABILITIES AND DEFERRED CREDITS | ||
| Asset retirement obligations | 2,469 | 1,986 |
| Deferred income taxes | 9,827 | 9,261 |
| Regulatory liabilities: | ||
| Accrued asset removal costs | 1,930 | 1,904 |
| Asset retirement obligation regulatory expense difference | 2,182 | 2,257 |
| Other | 494 | 476 |
| Derivatives | 530 | 466 |
| Deferral related to differential membership interests - VIEs | 3,142 | 2,704 |
| Other | 2,005 | 1,676 |
| Total other liabilities and deferred credits | 22,579 | 20,730 |
| COMMITMENTS AND CONTINGENCIES | ||
| TOTAL CAPITALIZATION AND LIABILITIES | 82,479 | 74,605 |
| Legal Entity | ||
| FPL | ||
| Plant in service and other property | 41,227 | 39,027 |
| Nuclear fuel | 1,306 | 1,217 |
| Construction work in progress | 2,850 | 1,694 |
| Accumulated depreciation and amortization | (11,862) | (11,282) |
| Total electric utility plant - net | 33,521 | 30,656 |
| Cash and cash equivalents | 23 | 14 |
| Customer receivables, net of allowances | 849 | 773 |
| Other receivables | 123 | 136 |
| Materials, supplies and fossil fuel inventory | 826 | 848 |
| Deferred clause and franchise expenses | 75 | 268 |
| Derivatives | 218 | 364 |
| Other | 209 | 111 |
| Deferred income taxes | 0 | 0 |
| Other | 184 | 120 |
| Total current assets | 2,507 | 2,634 |
| Special use funds | 3,504 | 3,524 |
| Prepaid benefit costs | 1,243 | 1,189 |
| Purchased power agreement termination | 726 | 0 |
| Securitized storm-recovery costs | 208 | 294 |
| Other | 579 | 468 |
| Other | 235 | 457 |
| Total other assets | 6,495 | 5,932 |
| TOTAL ASSETS | 42,523 | 39,222 |
| Common stock | 1,373 | 1,373 |
| Additional paid-in capital | 7,733 | 6,279 |
| Retained earnings | 6,447 | 5,499 |
| Total common shareholders' equity | 15,553 | 13,151 |
| Total equity | 15,553 | 13,151 |
| Long-term debt | 9,956 | 9,328 |
| Total capitalization | 25,509 | 22,479 |
| Commercial paper | 56 | 1,142 |
| Notes payable | 100 | 0 |
| Current maturities of long-term debt | 64 | 60 |
| Accounts payable | 664 | 647 |
| Customer deposits | 469 | 458 |
| Accrued interest and taxes | 279 | 245 |
| Derivatives | 222 | 370 |
| Accrued construction-related expenditures | 240 | 233 |
| Other | 355 | 331 |
| Total current liabilities | 2,449 | 3,486 |
| Asset retirement obligations | 1,822 | 1,355 |
| Deferred income taxes | 7,730 | 6,835 |
| Accrued asset removal costs | 1,921 | 1,898 |
| Asset retirement obligation regulatory expense difference | 2,182 | 2,257 |
| Other | 492 | 476 |
| Other | 418 | 436 |
| Total other liabilities and deferred credits | 14,565 | 13,257 |
| COMMITMENTS AND CONTINGENCIES | ||
| TOTAL CAPITALIZATION AND LIABILITIES | 42,523 | 39,222 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2015 | |
| 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 |