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: 2011 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 1,923,000,000 | 1,957,000,000 | 1,615,000,000 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 1,567,000,000 | 1,788,000,000 | 1,765,000,000 |
| Nuclear fuel amortization | 277,000,000 | 285,000,000 | 239,000,000 |
| Loss on sale of natural gas-fired generating assets | 151,000,000 | 0 | 0 |
| Impairment charges | 51,000,000 | 19,000,000 | 0 |
| Unrealized (gains) losses on marked to market energy contracts | (271,000,000) | (386,000,000) | 59,000,000 |
| Deferred income taxes | 553,000,000 | 511,000,000 | 273,000,000 |
| Cost recovery clauses and franchise fees | 181,000,000 | (629,000,000) | 624,000,000 |
| Changes in prepaid option premiums and derivative settlements | (11,000,000) | 86,000,000 | (11,000,000) |
| Equity in earnings of equity method investees | (55,000,000) | (58,000,000) | (52,000,000) |
| Distributions of earnings from equity method investees | 95,000,000 | 74,000,000 | 69,000,000 |
| Allowance for equity funds used during construction | (39,000,000) | (37,000,000) | (53,000,000) |
| Gains on disposal of assets - net | (85,000,000) | (67,000,000) | (60,000,000) |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | 36,000,000 | 16,000,000 | 58,000,000 |
| Other - net | 203,000,000 | 38,000,000 | 119,000,000 |
| Changes in operating assets and liabilities: | |||
| Customer receivables | 93,000,000 | (73,000,000) | 18,000,000 |
| Other receivables | 56,000,000 | (29,000,000) | (13,000,000) |
| Materials, supplies and fossil fuel inventory | (308,000,000) | 22,000,000 | 85,000,000 |
| Other current assets | (22,000,000) | (52,000,000) | 9,000,000 |
| Other assets | (103,000,000) | 42,000,000 | (103,000,000) |
| Accounts payable | (97,000,000) | 179,000,000 | (86,000,000) |
| Customer deposits | (87,000,000) | 21,000,000 | 38,000,000 |
| Margin cash collateral | 81,000,000 | 61,000,000 | (110,000,000) |
| Income taxes | 62,000,000 | 56,000,000 | 8,000,000 |
| Interest and other taxes | 12,000,000 | (3,000,000) | 22,000,000 |
| Other current liabilities | 3,000,000 | 76,000,000 | (45,000,000) |
| Other liabilities | (192,000,000) | (63,000,000) | (5,000,000) |
| Net cash provided by operating activities | 4,074,000,000 | 3,834,000,000 | 4,463,000,000 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures | (3,137,000,000) | (2,605,000,000) | (2,522,000,000) |
| Independent power and other investments of NextEra Energy Resources | (2,601,000,000) | (2,899,000,000) | (3,068,000,000) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 624,000,000 | 588,000,000 | 100,000,000 |
| Funds received from a spent fuel settlement | 73,000,000 | 44,000,000 | 86,000,000 |
| Nuclear fuel purchases | (538,000,000) | (274,000,000) | (362,000,000) |
| Other capital expenditures | (352,000,000) | (68,000,000) | (54,000,000) |
| Sale of natural gas-fired generating assets | 1,204,000,000 | 0 | 0 |
| Loan proceeds restricted for construction | (565,000,000) | 0 | 0 |
| Proceeds from sale or maturity of securities in special use funds | 4,348,000,000 | 6,726,000,000 | 4,592,000,000 |
| Purchases of securities in special use funds | (4,440,000,000) | (6,835,000,000) | (4,710,000,000) |
| Proceeds from sale or maturity of other securities | 488,000,000 | 721,000,000 | 773,000,000 |
| Purchases of other securities | (515,000,000) | (714,000,000) | (782,000,000) |
| Other - net | 132,000,000 | 32,000,000 | 12,000,000 |
| Net cash used in investing activities | (5,279,000,000) | (5,284,000,000) | (5,935,000,000) |
| CASH FLOWS FROM FINANCING ACTIVITES | |||
| Issuances of long-term debt | 3,940,000,000 | 3,724,000,000 | 3,220,000,000 |
| Retirements of long-term debt | (2,121,000,000) | (769,000,000) | (1,635,000,000) |
| Proceeds from sale of differential membership interests | 466,000,000 | 261,000,000 | 0 |
| Payments to differential membership investors | (100,000,000) | 0 | 0 |
| Net change in short-term debt | 460,000,000 | (1,130,000,000) | 154,000,000 |
| Issuances of common stock - net | 48,000,000 | 308,000,000 | 198,000,000 |
| Repurchases of common stock | (375,000,000) | 0 | 0 |
| Dividends on common stock | (920,000,000) | (823,000,000) | (766,000,000) |
| Other - net | (118,000,000) | (57,000,000) | 4,000,000 |
| Net cash provided by (used in) financing activities | 1,280,000,000 | 1,514,000,000 | 1,175,000,000 |
| Net increase (decrease) in cash and cash equivalents | 75,000,000 | 64,000,000 | (297,000,000) |
| Cash and cash equivalents at beginning of year | 302,000,000 | 238,000,000 | |
| Cash and cash equivalents at end of year | 377,000,000 | 302,000,000 | 238,000,000 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 978,000,000 | 916,000,000 | 805,000,000 |
| Cash paid (received) for income taxes - net | (95,000,000) | 20,000,000 | 61,000,000 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Assumption of debt in connection with the purchase of independent power projects | 0 | 35,000,000 | 0 |
| Accrued property additions | 909,000,000 | 545,000,000 | 683,000,000 |
| Sale of natural gas-fired generating assets through assumption of debt by buyer | 158,000,000 | 0 | 0 |
| Legal Entity | |||
| Florida Power and Light Company | |||
| Net income (loss) | 1,068,000,000 | 945,000,000 | 831,000,000 |
| Depreciation and amortization | 798,000,000 | 1,008,000,000 | 1,097,000,000 |
| Nuclear fuel amortization | 147,000,000 | 137,000,000 | 127,000,000 |
| Deferred income taxes | 675,000,000 | 419,000,000 | 391,000,000 |
| Cost recovery clauses and franchise fees | 181,000,000 | (629,000,000) | 624,000,000 |
| Allowance for equity funds used during construction | (35,000,000) | (36,000,000) | (53,000,000) |
| Other - net | 73,000,000 | 16,000,000 | 75,000,000 |
| Customer receivables | 28,000,000 | 127,000,000 | (42,000,000) |
| Other receivables | 37,000,000 | (43,000,000) | 42,000,000 |
| Materials, supplies and fossil fuel inventory | (254,000,000) | 23,000,000 | 34,000,000 |
| Other current assets | (20,000,000) | (25,000,000) | 6,000,000 |
| Other assets | (52,000,000) | 40,000,000 | (62,000,000) |
| Accounts payable | (49,000,000) | 51,000,000 | (91,000,000) |
| Customer deposits | (88,000,000) | 22,000,000 | 37,000,000 |
| Income taxes | (215,000,000) | (129,000,000) | (132,000,000) |
| Interest and other taxes | (21,000,000) | 7,000,000 | 10,000,000 |
| Other current liabilities | 32,000,000 | 22,000,000 | (33,000,000) |
| Other liabilities | (60,000,000) | (21,000,000) | 10,000,000 |
| Net cash provided by operating activities | 2,245,000,000 | 1,934,000,000 | 2,871,000,000 |
| Capital expenditures | (3,137,000,000) | (2,605,000,000) | (2,522,000,000) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 218,000,000 | 161,000,000 | 0 |
| Funds received from a spent fuel settlement | 57,000,000 | 32,000,000 | 71,000,000 |
| Nuclear fuel purchases | (365,000,000) | (101,000,000) | (195,000,000) |
| Proceeds from sale or maturity of securities in special use funds | 2,988,000,000 | 5,079,000,000 | 3,270,000,000 |
| Purchases of securities in special use funds | (3,052,000,000) | (5,160,000,000) | (3,349,000,000) |
| Other - net | 32,000,000 | 33,000,000 | (1,000,000) |
| Net cash used in investing activities | (3,259,000,000) | (2,561,000,000) | (2,726,000,000) |
| Issuances of long-term debt | 840,000,000 | 924,000,000 | 516,000,000 |
| Retirements of long-term debt | (45,000,000) | (42,000,000) | (263,000,000) |
| Net change in short-term debt | 229,000,000 | (717,000,000) | 45,000,000 |
| Capital contribution from NEE | 410,000,000 | 660,000,000 | 0 |
| Dividends on common stock | (400,000,000) | (250,000,000) | (485,000,000) |
| Other - net | (4,000,000) | (11,000,000) | 5,000,000 |
| Net cash provided by (used in) financing activities | 1,030,000,000 | 564,000,000 | (182,000,000) |
| Net increase (decrease) in cash and cash equivalents | 16,000,000 | (63,000,000) | (37,000,000) |
| Cash and cash equivalents at beginning of year | 36,000,000 | 83,000,000 | 83,000,000 |
| Cash and cash equivalents at end of year | 36,000,000 | 83,000,000 | 83,000,000 |
| Cash paid for interest (net of amount capitalized) | 389,000,000 | 321,000,000 | 305,000,000 |
| Cash paid (received) for income taxes - net | 194,000,000 | 291,000,000 | 232,000,000 |
| Accrued property additions | 526,000,000 | 275,000,000 | 418,000,000 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2011 | |
| 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 |