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: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 3,005 | 2,762 | 2,469 |
| NET INCOME | 2,912 | 2,752 | 2,465 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 3,077 | 2,831 | 2,551 |
| Nuclear fuel and other amortization | 300 | 372 | 345 |
| Unrealized gains on marked to market derivative contracts - net | (44) | (337) | (411) |
| Foreign currency transaction losses | 13 | 0 | 0 |
| Deferred income taxes | 1,230 | 1,162 | 1,205 |
| Cost recovery clauses and franchise fees | 94 | 176 | (67) |
| Purchased power agreement termination | 0 | (521) | 0 |
| Benefits associated with differential membership interests - net | (309) | (216) | (199) |
| Gains on disposal of assets - net | (490) | (89) | (133) |
| Recoverable storm-related costs | (223) | 0 | 0 |
| Other - net | (94) | 68 | 278 |
| Changes in operating assets and liabilities: | |||
| Current assets | (120) | 73 | (172) |
| Noncurrent assets | (67) | (106) | (220) |
| Current liabilities | (24) | 64 | (134) |
| Noncurrent liabilities | (12) | (123) | (12) |
| Net cash provided by operating activities | 6,336 | 6,116 | 5,500 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (3,776) | (3,428) | (3,067) |
| Independent power and other investments of NEER | (5,396) | (4,505) | (3,588) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 335 | 8 | 343 |
| Nuclear fuel purchases | (283) | (361) | (287) |
| Other capital expenditures and other investments | (181) | (83) | (75) |
| Sale of independent power and other investments of NEER | 658 | 52 | 307 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,776 | 4,851 | 4,621 |
| Purchases of securities in special use funds and other investments | (3,829) | (4,982) | (4,767) |
| Proceeds from the sale of a noncontrolling interest in subsidiaries | 645 | 345 | 438 |
| Other - net | (59) | 98 | (286) |
| Net cash used in investing activities | (8,110) | (8,005) | (6,361) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 5,657 | 5,772 | 5,054 |
| Retirements of long-term debt | (3,310) | (3,972) | (4,750) |
| Proceeds from differential membership investors | 1,859 | 761 | 978 |
| Payments to differential membership investors | (122) | (92) | (71) |
| Proceeds from other short-term debt | 500 | 1,225 | 500 |
| Repayments of other short-term debt | (662) | (813) | (500) |
| Net change in commercial paper | (106) | (768) | 451 |
| Issuances of common stock - net | 537 | 1,298 | 633 |
| Dividends on common stock | (1,612) | (1,385) | (1,261) |
| Other - net | (246) | (143) | (34) |
| Net cash provided by (used in) financing activities | 2,495 | 1,883 | 1,000 |
| Net increase (decrease) in cash and cash equivalents | 721 | (6) | 139 |
| Cash and cash equivalents at beginning of year | 571 | 577 | |
| Cash and cash equivalents at end of year | 1,292 | 571 | 577 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,193 | 1,143 | 1,181 |
| Cash paid for income taxes - net | 91 | 33 | 46 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 3,626 | 2,616 | 956 |
| Assumption of debt/acquisition holdbacks in connection with Texas pipeline acquisition | 0 | 1,078 | 0 |
| Decrease in property, plant and equipment - net as a result of cash grants under the American Recovery and Reinvestment Act of 2009 | 419 | 224 | 161 |
| Decrease (increase) in property, plant and equipment as a result of a settlement | (72) | (45) | 181 |
| Proceeds from differential membership investors used to reduce debt | 100 | 0 | 0 |
| Legal Entity | |||
| FPL | |||
| NET INCOME | 1,727 | 1,648 [1] | 1,517 |
| Depreciation and amortization | 1,651 | 1,576 | 1,432 |
| Nuclear fuel and other amortization | 218 | 209 | 201 |
| Deferred income taxes | 932 | 504 | 601 |
| Cost recovery clauses and franchise fees | 94 | 176 | (67) |
| Purchased power agreement termination | 0 | (521) | 0 |
| Recoverable storm-related costs | (223) | 0 | 0 |
| Other - net | 42 | (56) | 94 |
| Current assets | 26 | (89) | (125) |
| Noncurrent assets | (31) | (53) | (103) |
| Current liabilities | 16 | 40 | (70) |
| Noncurrent liabilities | (86) | (41) | (26) |
| Net cash provided by operating activities | 4,366 | 3,393 | 3,454 |
| Capital expenditures of FPL | (3,776) | (3,428) | (3,067) |
| Nuclear fuel purchases | (158) | (205) | (174) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,495 | 3,731 | 3,349 |
| Purchases of securities in special use funds and other investments | (2,506) | (3,792) | (3,414) |
| Other - net | (15) | 19 | (268) |
| Net cash used in investing activities | (3,960) | (3,675) | (3,574) |
| Issuances of long-term debt | 309 | 1,084 | 997 |
| Retirements of long-term debt | (262) | (551) | (355) |
| Proceeds from other short-term debt | 500 | 100 | 0 |
| Repayments of other short-term debt | (450) | 0 | 0 |
| Net change in commercial paper | 212 | (1,086) | 938 |
| Capital contributions from NEE | 600 | 1,454 | 100 |
| Dividends on common stock | (1,300) | (700) | (1,550) |
| Other - net | (5) | (10) | (15) |
| Net cash provided by (used in) financing activities | (396) | 291 | 115 |
| Net increase (decrease) in cash and cash equivalents | 10 | 9 | (5) |
| Cash and cash equivalents at beginning of year | 33 | 14 | 14 |
| Cash and cash equivalents at end of year | 33 | 14 | 14 |
| Cash paid for interest (net of amount capitalized) | 434 | 435 | 417 |
| Cash paid for income taxes - net | 147 | 439 | 342 |
| Accrued property additions | 664 | 474 | 404 |
| [1] FPL's comprehensive income is the same as reported net income | |||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2016 | |
| 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 |