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: 2012 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | ||
| (In Dollars) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Electric plant in service and other property | $ 57,054,000,000 | 50,768,000,000 |
| Nuclear fuel | 1,895,000,000 | 1,795,000,000 |
| Construction work in progress | 5,968,000,000 | 4,989,000,000 |
| Less accumulated depreciation and amortization | (15,504,000,000) | (15,062,000,000) |
| Total property, plant and equipment - net | 49,413,000,000 | 42,490,000,000 |
| ELECTRIC UTILITY PLANT | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 329,000,000 | 377,000,000 |
| Customer receivables, net of allowances | 1,487,000,000 | 1,372,000,000 |
| Other receivables | 569,000,000 | 430,000,000 |
| Materials, supplies and fossil fuel inventory | 1,073,000,000 | 1,074,000,000 |
| Regulatory assets: | ||
| Deferred clause and franchise expenses | 75,000,000 | 112,000,000 |
| Derivatives | 16,000,000 | 502,000,000 |
| Other | 97,000,000 | 84,000,000 |
| Derivatives | 517,000,000 | 611,000,000 |
| Deferred income taxes | 397,000,000 [1] | 10,000,000 |
| Assets Held-for-sale | 335,000,000 | 0 |
| Other | 342,000,000 | 300,000,000 |
| Total current assets | 5,237,000,000 | 4,872,000,000 |
| OTHER ASSETS | ||
| Special use funds | 4,190,000,000 | 3,867,000,000 |
| Other investments | 976,000,000 | 907,000,000 |
| Prepaid benefit costs | 1,031,000,000 | 1,021,000,000 |
| Regulatory assets: | ||
| Securitized storm-recovery costs | 461,000,000 | 517,000,000 |
| Other | 582,000,000 | 621,000,000 |
| Derivatives | 920,000,000 | 973,000,000 |
| Other | 1,629,000,000 | 1,920,000,000 |
| Total other assets | 9,789,000,000 | 9,826,000,000 |
| TOTAL ASSETS | 64,439,000,000 | 57,188,000,000 |
| CAPITALIZATION | ||
| Common stock | 4,000,000 | 4,000,000 |
| Additional paid-in capital | 5,536,000,000 | 5,217,000,000 |
| Retained earnings | 10,783,000,000 | 9,876,000,000 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | (255,000,000) | (154,000,000) |
| Total common shareholders' equity | 16,068,000,000 | 14,943,000,000 |
| Long-term debt | 23,177,000,000 | 20,810,000,000 |
| Total capitalization | 39,245,000,000 | 35,753,000,000 |
| CURRENT LIABILITIES | ||
| Commercial Paper | 1,211,000,000 | 1,349,000,000 |
| Short-term Debt | 200,000,000 | 0 |
| Current maturities of long-term debt | 2,771,000,000 | 808,000,000 |
| Accounts payable | 1,281,000,000 | 1,191,000,000 |
| Customer deposits | 508,000,000 | 547,000,000 |
| Accrued interest and taxes | 414,000,000 | 464,000,000 |
| Derivatives | 430,000,000 [2] | 1,090,000,000 |
| Accrued construction-related expenditures | 427,000,000 | 518,000,000 |
| Liabilities associated with Assets Held-for-sale | 733,000,000 | 0 |
| Other | 904,000,000 | 752,000,000 |
| Total current liabilities | 8,879,000,000 | 6,719,000,000 |
| OTHER LIABILITIES AND DEFERRED CREDITS | ||
| Asset retirement obligations | 1,715,000,000 | 1,611,000,000 |
| Accumulated deferred income taxes | 6,703,000,000 | 5,681,000,000 |
| Regulatory liabilities: | ||
| Accrued asset removal costs | 1,950,000,000 | 2,197,000,000 |
| Asset retirement obligation regulatory expense difference | 1,813,000,000 | 1,640,000,000 |
| Other | 309,000,000 | 419,000,000 |
| Derivatives | 587,000,000 [3] | 541,000,000 |
| Deferral related to differential membership interests - VIEs | 1,784,000,000 | 1,203,000,000 |
| Other | 1,454,000,000 | 1,424,000,000 |
| Total other liabilities and deferred credits | 16,315,000,000 | 14,716,000,000 |
| TOTAL CAPITALIZATION AND LIABILITIES | 64,439,000,000 | 57,188,000,000 |
| Legal Entity | ||
| FPL | ||
| Plant in service and other property | 34,474,000,000 | 31,564,000,000 |
| Nuclear fuel | 1,190,000,000 | 1,005,000,000 |
| Construction work in progress | 2,585,000,000 | 2,601,000,000 |
| Less accumulated depreciation and amortization | (10,698,000,000) | (10,916,000,000) |
| Electric utility plant - net | 27,551,000,000 | 24,254,000,000 |
| Cash and cash equivalents | 40,000,000 | 36,000,000 |
| Customer receivables, net of allowances | 760,000,000 | 682,000,000 |
| Other receivables | 447,000,000 | 312,000,000 |
| Materials, supplies and fossil fuel inventory | 727,000,000 | 759,000,000 |
| Deferred clause and franchise expenses | 75,000,000 | 112,000,000 |
| Derivatives | 16,000,000 | 502,000,000 |
| Other | 90,000,000 | 80,000,000 |
| Deferred income taxes | 0 | 0 |
| Other | 131,000,000 | 166,000,000 |
| Total current assets | 2,286,000,000 | 2,649,000,000 |
| Special use funds | 2,918,000,000 | 2,737,000,000 |
| Prepaid benefit costs | 1,135,000,000 | 1,088,000,000 |
| Securitized storm-recovery costs | 461,000,000 | 517,000,000 |
| Other | 351,000,000 | 395,000,000 |
| Other | 151,000,000 | 176,000,000 |
| Total other assets | 5,016,000,000 | 4,913,000,000 |
| TOTAL ASSETS | 34,853,000,000 | 31,816,000,000 |
| Common stock | 1,373,000,000 | 1,373,000,000 |
| Additional paid-in capital | 5,903,000,000 | 5,464,000,000 |
| Retained earnings | 5,254,000,000 | 4,013,000,000 |
| Total common shareholders' equity | 12,530,000,000 | 10,850,000,000 |
| Long-term debt | 8,329,000,000 | 7,483,000,000 |
| Total capitalization | 20,859,000,000 | 18,333,000,000 |
| Commercial Paper | 105,000,000 | 330,000,000 |
| Current maturities of long-term debt | 453,000,000 | 50,000,000 |
| Accounts payable | 612,000,000 | 678,000,000 |
| Customer deposits | 503,000,000 | 541,000,000 |
| Accrued interest and taxes | 223,000,000 | 221,000,000 |
| Derivatives | 20,000,000 | 512,000,000 |
| Accrued construction-related expenditures | 235,000,000 | 261,000,000 |
| Other | 475,000,000 | 373,000,000 |
| Total current liabilities | 2,626,000,000 | 2,966,000,000 |
| Asset retirement obligations | 1,206,000,000 | 1,144,000,000 |
| Accumulated deferred income taxes | 5,584,000,000 | 4,593,000,000 |
| Accrued asset removal costs | 1,950,000,000 | 2,197,000,000 |
| Asset retirement obligation regulatory expense difference | 1,813,000,000 | 1,640,000,000 |
| Other | 309,000,000 | 416,000,000 |
| Derivatives | 0 | 1,000,000 [4] |
| Other | 506,000,000 | 527,000,000 |
| Total other liabilities and deferred credits | 11,368,000,000 | 10,517,000,000 |
| TOTAL CAPITALIZATION AND LIABILITIES | 34,853,000,000 | 31,816,000,000 |
| [1] NEE expects to reclassify approximately $430 million of federal operating loss carryforwards from current deferred income taxes to noncurrent deferred income taxes in the first quarter of 2013 as a result of increased tax depreciation deductions available under the American Taxpayer Relief Act of 2012, which was enacted in January 2013. | ||
| [2] At December 31, 2012 and 2011, NEE's balances reflect the netting of approximately $79 million and $112 million (none at FPL), respectively, in margin cash collateral provided to counterparties. | ||
| [3] At December 31, 2011, NEE's balance reflects the netting of approximately $79 million (none at FPL) in margin cash collateral provided to counterparties. | ||
| [4] Included in noncurrent other liabilities on FPL's consolidated balance sheets. | ||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2012 | |
| 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 |