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: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 2,469 | 1,908 | 1,911 |
| NET INCOME | 2,465 | 1,908 | 1,911 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 2,551 | 2,163 | 1,518 |
| Nuclear fuel and other amortization | 345 | 358 | 259 |
| Impairment charges | 11 | 300 | 0 |
| Unrealized gains on marked to market energy contracts | (411) | (10) | (85) |
| Deferred income taxes | 1,205 | 853 | 682 |
| Cost recovery clauses and franchise fees | (67) | (166) | 129 |
| Benefits associated with differential membership interests - net | (199) | (165) | (81) |
| Gain from discontinued operations, net of income taxes | 0 | (231) | 0 |
| Loss (gain) associated with Maine fossil | (21) | 67 | 0 |
| Other - net | 155 | 77 | (151) |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables | (7) | (268) | (286) |
| Materials, supplies and fossil fuel inventory | (135) | (81) | 1 |
| Other current assets | (30) | 8 | (46) |
| Other assets | (220) | 8 | 3 |
| Accounts payable and customer deposits | 110 | 122 | (56) |
| Margin cash collateral | (59) | 156 | 104 |
| Income taxes | (75) | (56) | (20) |
| Other current liabilities | (110) | 143 | 154 |
| Other liabilities | (12) | (84) | (44) |
| Net cash provided by operating activities | 5,500 | 5,102 | 3,992 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (3,067) | (2,691) | (4,070) |
| Independent power and other investments of NEER | (3,514) | (3,454) | (4,591) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 343 | 165 | 196 |
| Nuclear fuel purchases | (287) | (371) | (305) |
| Other capital expenditures and other investments | (149) | (166) | (495) |
| Sale of independent power and other investments of NEER | 307 | 165 | 0 |
| Change in loan proceeds restricted for construction | (40) | 228 | 314 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 4,621 | 4,405 | 5,301 |
| Purchases of securities in special use funds and other investments | (4,767) | (4,470) | (5,419) |
| Proceeds from the sale of a noncontrolling interest in subsidiaries | 438 | 0 | 0 |
| Other - net | (246) | 66 | 141 |
| Net cash used in investing activities | (6,361) | (6,123) | (8,928) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 5,054 | 4,371 | 6,630 |
| Retirements of long-term debt | (4,750) | (2,396) | (1,612) |
| Proceeds from sale of differential membership interests | 978 | 448 | 808 |
| Payments to differential membership investors | (71) | (63) | (139) |
| Net change in short-term debt | 451 | (720) | 61 |
| Issuances of common stock - net | 633 | 842 | 405 |
| Repurchases of common stock | 0 | 0 | (19) |
| Dividends on common stock | (1,261) | (1,122) | (1,004) |
| Other - net | (34) | (230) | (242) |
| Net cash provided by (used in) financing activities | 1,000 | 1,130 | 4,888 |
| Net increase (decrease) in cash and cash equivalents | 139 | 109 | (48) |
| Cash and cash equivalents at beginning of year | 438 | 329 | |
| Cash and cash equivalents at end of year | 577 | 438 | 329 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,181 | 1,070 | 1,001 |
| Cash paid (received) for income taxes - net | 46 | (20) | 25 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 956 | 1,098 | 970 |
| Sale of hydropower generation plants through assumption of debt by buyer | 0 | 700 | 0 |
| Changes in property, plant and equipment as a result of a settlement | 181 | 0 | 0 |
| Legal Entity | |||
| FPL | |||
| NET INCOME | 1,517 | 1,349 | 1,240 |
| Depreciation and amortization | 1,432 | 1,159 | 659 |
| Nuclear fuel and other amortization | 201 | 184 | 122 |
| Deferred income taxes | 601 | 617 | 988 |
| Cost recovery clauses and franchise fees | (67) | (166) | 129 |
| Other - net | 94 | 46 | (94) |
| Customer and other receivables | (10) | (5) | (96) |
| Materials, supplies and fossil fuel inventory | (106) | (16) | 33 |
| Other current assets | (9) | 15 | (20) |
| Other assets | (103) | (12) | (41) |
| Accounts payable and customer deposits | 28 | (1) | (33) |
| Income taxes | (34) | 384 | (111) |
| Other current liabilities | (64) | 11 | 68 |
| Other liabilities | (26) | (7) | (21) |
| Net cash provided by operating activities | 3,454 | 3,558 | 2,823 |
| Capital expenditures of FPL | (3,067) | (2,691) | (4,070) |
| Nuclear fuel purchases | (174) | (212) | (215) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,349 | 3,342 | 3,790 |
| Purchases of securities in special use funds and other investments | (3,414) | (3,389) | (3,838) |
| Other - net | (268) | 30 | 68 |
| Net cash used in investing activities | (3,574) | (2,920) | (4,265) |
| Issuances of long-term debt | 997 | 497 | 1,296 |
| Retirements of long-term debt | (355) | (453) | (50) |
| Net change in short-term debt | 938 | 99 | (225) |
| Capital contributions from NEE | 100 | 275 | 440 |
| Dividends on common stock | (1,550) | (1,070) | 0 |
| Other - net | (15) | (7) | (15) |
| Net cash provided by (used in) financing activities | 115 | (659) | 1,446 |
| Net increase (decrease) in cash and cash equivalents | (5) | (21) | 4 |
| Cash and cash equivalents at beginning of year | 14 | 40 | 40 |
| Cash and cash equivalents at end of year | 14 | 40 | 40 |
| Cash paid for interest (net of amount capitalized) | 417 | 410 | 400 |
| Cash paid (received) for income taxes - net | 342 | (166) | (124) |
| Accrued property additions | 404 | 386 | 472 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2014 | |
| 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 |