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: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 24, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| NET INCOME | $ 1,908 | 1,911 | 1,923 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 2,163 | 1,518 | 1,567 |
| Nuclear fuel and other amortization | 358 | 259 | 282 |
| Loss on sale of natural gas-fired generating assets | 0 | 0 | 151 |
| Impairment charges | 300 | 0 | 51 |
| Unrealized gains on marked to market energy contracts | (10) | (85) | (271) |
| Deferred income taxes | 877 | 682 | 553 |
| Cost recovery clauses and franchise fees | (166) | 129 | 181 |
| Benefits associated with differential membership interests - net | (165) | (81) | (118) |
| Equity in earnings of equity method investees | (25) | (13) | (55) |
| Distributions of earnings from equity method investees | 33 | 32 | 95 |
| Allowance for equity funds used during construction | (63) | (67) | (39) |
| Gains on disposal of assets - net | (54) | (157) | (85) |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | (11) | (16) | (36) |
| Net gain from discontinued operations, net of income taxes | (188) | 0 | 0 |
| Other - net | 175 | 38 | 305 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables | (268) | (286) | 149 |
| Materials, supplies and fossil fuel inventory | (81) | 1 | (308) |
| Other current assets | 8 | (46) | (22) |
| Other assets | 8 | 3 | (103) |
| Accounts payable and customer deposits | 122 | (56) | (184) |
| Margin cash collateral | 156 | 104 | 81 |
| Income taxes | (56) | (20) | 62 |
| Interest and other taxes | 3 | 15 | 12 |
| Other current liabilities | 140 | 139 | 3 |
| Other liabilities | (84) | (44) | (192) |
| Net cash provided by operating activities | 5,102 | 3,992 | 4,074 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (2,691) | (4,070) | (3,137) |
| Independent power and other investments of NEER | (3,454) | (4,591) | (2,601) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 165 | 196 | 624 |
| Nuclear fuel purchases | (371) | (305) | (538) |
| Other capital expenditures and other investments | (166) | (495) | (352) |
| Sale of independent power investments | 165 | 0 | 1,204 |
| Change in loan proceeds restricted for construction | 228 | 314 | (565) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 4,405 | 5,301 | 4,836 |
| Purchases of securities in special use funds and other investments | (4,470) | (5,419) | (4,955) |
| Other - net | 66 | 141 | 205 |
| Net cash used in investing activities | (6,123) | (8,928) | (5,279) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 4,371 | 6,630 | 3,940 |
| Retirements of long-term debt | (2,396) | (1,612) | (2,121) |
| Proceeds from sale of differential membership interests | 448 | 808 | 466 |
| Payments to differential membership investors | (63) | (139) | (100) |
| Net change in short-term debt | (720) | 61 | 460 |
| Issuances of common stock - net | 842 | 405 | 48 |
| Repurchases of common stock | 0 | (19) | (375) |
| Dividends on common stock | (1,122) | (1,004) | (920) |
| Other - net | (230) | (242) | (118) |
| Net cash provided by (used in) financing activities | 1,130 | 4,888 | 1,280 |
| Net increase (decrease) in cash and cash equivalents | 109 | (48) | 75 |
| Cash and cash equivalents at beginning of year | 329 | 377 | |
| Cash and cash equivalents at end of year | 438 | 329 | 377 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,070 | 1,001 | 978 |
| Cash paid (received) for income taxes - net | (20) | 25 | (95) |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 1,098 | 970 | 909 |
| Sale of generating assets through assumption of debt by buyer | 700 | 0 | 158 |
| Legal Entity | |||
| FPL | |||
| NET INCOME | 1,349 | 1,240 | 1,068 |
| Depreciation and amortization | 1,159 | 659 | 798 |
| Nuclear fuel and other amortization | 184 | 122 | 160 |
| Deferred income taxes | 617 | 988 | 675 |
| Cost recovery clauses and franchise fees | (166) | 129 | 181 |
| Allowance for equity funds used during construction | (55) | (52) | (35) |
| Net gain from discontinued operations, net of income taxes | 0 | 0 | 0 |
| Other - net | 101 | (42) | 60 |
| Customer and other receivables | (5) | (96) | 65 |
| Materials, supplies and fossil fuel inventory | (16) | 33 | (254) |
| Other current assets | 15 | (20) | (20) |
| Other assets | (12) | (41) | (52) |
| Accounts payable and customer deposits | (1) | (33) | (137) |
| Income taxes | 384 | (111) | (215) |
| Interest and other taxes | 8 | 1 | (21) |
| Other current liabilities | 3 | 67 | 32 |
| Other liabilities | (7) | (21) | (60) |
| Net cash provided by operating activities | 3,558 | 2,823 | 2,245 |
| Capital expenditures of FPL | (2,691) | (4,070) | (3,137) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 0 | 0 | 218 |
| Nuclear fuel purchases | (212) | (215) | (365) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,342 | 3,790 | 2,988 |
| Purchases of securities in special use funds and other investments | (3,389) | (3,838) | (3,052) |
| Other - net | 30 | 68 | 89 |
| Net cash used in investing activities | (2,920) | (4,265) | (3,259) |
| Issuances of long-term debt | 497 | 1,296 | 840 |
| Retirements of long-term debt | (453) | (50) | (45) |
| Net change in short-term debt | 99 | (225) | 229 |
| Capital contributions from NEE | 275 | 440 | 410 |
| Dividends on common stock | (1,070) | 0 | (400) |
| Other - net | (7) | (15) | (4) |
| Net cash provided by (used in) financing activities | (659) | 1,446 | 1,030 |
| Net increase (decrease) in cash and cash equivalents | (21) | 4 | 16 |
| Cash and cash equivalents at beginning of year | 19 | 36 | 36 |
| Cash and cash equivalents at end of year | 19 | 36 | 36 |
| Cash paid for interest (net of amount capitalized) | 410 | 400 | 389 |
| Cash paid (received) for income taxes - net | (166) | (124) | 194 |
| Accrued property additions | 386 | 472 | 526 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2013 | |
| 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 |