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: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 16, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 5,320 | 3,005 | 2,762 |
| NET INCOME | 5,378 | 2,912 | 2,752 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 2,357 | 3,077 | 2,831 |
| Nuclear fuel and other amortization | 272 | 300 | 372 |
| Impairment charges | 446 | 7 | 2 |
| Unrealized losses (gains) on marked to market derivative contracts - net | 436 | (44) | (337) |
| Foreign currency transaction losses (gains) | (25) | 13 | 0 |
| Deferred income taxes | (875) | 1,230 | 1,162 |
| Cost recovery clauses and franchise fees | 82 | 94 | 176 |
| Acquisition of purchased power agreement | (243) | 0 | (521) |
| Benefits associated with differential membership interests - net | (460) | (309) | (216) |
| Gains on disposal of a business, assets and investments - net | (1,225) | (490) | (89) |
| Recoverable storm-related costs | (108) | (223) | 0 |
| Other - net | 90 | (111) | 49 |
| Changes in operating assets and liabilities: | |||
| Current assets | (353) | (162) | 66 |
| Noncurrent assets | (60) | (58) | (109) |
| Current liabilities | 766 | (24) | 64 |
| Noncurrent liabilities | (7) | (12) | (123) |
| Net cash provided by operating activities | 6,413 | 6,293 | 6,089 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (5,174) | (3,776) | (3,428) |
| Independent power and other investments of NEER | (5,295) | (5,396) | (4,505) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 78 | 335 | 8 |
| Nuclear fuel purchases | (197) | (283) | (361) |
| Other capital expenditures and other investments | (74) | (181) | (83) |
| Proceeds from sale of the fiber-optic telecommunications business | 1,454 | 0 | 0 |
| Sale of independent power and other investments of NEER | 178 | 658 | 52 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,207 | 3,776 | 4,851 |
| Purchases of securities in special use funds and other investments | (3,244) | (3,829) | (4,982) |
| Proceeds from sales of noncontrolling interests in NEP | 0 | 645 | 345 |
| Other - net | 149 | 5 | 107 |
| Net cash used in investing activities | (8,918) | (8,046) | (7,996) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 8,354 | 5,657 | 5,772 |
| Retirements of long-term debt | (6,780) | (3,310) | (3,972) |
| Proceeds from differential membership investors | 1,414 | 1,859 | 761 |
| Net change in commercial paper | 1,419 | (106) | (768) |
| Proceeds from other short-term debt | 450 | 500 | 1,225 |
| Repayments of other short-term debt | (2) | (662) | (813) |
| Issuances of common stock - net | 55 | 537 | 1,298 |
| Proceeds from issuance of NEP convertible preferred units - net | 548 | 0 | 0 |
| Dividends on common stock | (1,845) | (1,612) | (1,385) |
| Dividends to NEE | 0 | 0 | 0 |
| Other - net | (680) | (363) | (221) |
| Net cash provided by (used in) financing activities | 2,933 | 2,500 | 1,897 |
| Effects of currency translation on cash, cash equivalents and restricted cash | 26 | 10 | 17 |
| Net increase in cash, cash equivalents and restricted cash | 454 | 757 | 7 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,529 | 772 | |
| Cash, cash equivalents and restricted cash at end of year | 1,983 | 1,529 | 772 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,184 | 1,193 | 1,143 |
| Cash paid for income taxes - net | 142 | 91 | 33 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 3,029 | 3,626 | 2,616 |
| Assumption of debt/acquisition hold-backs in connection with Texas pipeline acquisition | 0 | 0 | 1,078 |
| Decrease (Increase) in property, plant and equipment - net as a result of cash grants primarily under the American Recovery and Reinvestment Act of 2009 | (154) | 419 | 224 |
| Increase in property, plant and equipment - net as a result of a settlement/noncash exchange | (108) | (72) | (45) |
| Proceeds from differential membership investors used to reduce debt | 0 | 100 | 0 |
| Legal Entity | |||
| FPL | |||
| NET INCOME | 1,880 | 1,727 [1] | 1,648 |
| Depreciation and amortization | 933 | 1,651 | 1,576 |
| Nuclear fuel and other amortization | 157 | 218 | 209 |
| Deferred income taxes | 905 | 932 | 504 |
| Cost recovery clauses and franchise fees | 82 | 94 | 176 |
| Acquisition of purchased power agreement | (243) | 0 | (521) |
| Recoverable storm-related costs | (108) | (223) | 0 |
| Other - net | (139) | 42 | (56) |
| Current assets | (190) | 25 | (90) |
| Noncurrent assets | (37) | (31) | (53) |
| Current liabilities | 701 | 16 | 40 |
| Noncurrent liabilities | (32) | (86) | (41) |
| Net cash provided by operating activities | 3,909 | 4,365 | 3,392 |
| Capital expenditures of FPL | (5,174) | (3,776) | (3,428) |
| Nuclear fuel purchases | (117) | (158) | (205) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 1,986 | 2,495 | 3,731 |
| Purchases of securities in special use funds and other investments | (2,082) | (2,506) | (3,792) |
| Other - net | 18 | 28 | 55 |
| Net cash used in investing activities | (5,369) | (3,917) | (3,639) |
| Issuances of long-term debt | 1,961 | 309 | 1,084 |
| Retirements of long-term debt | (882) | (262) | (551) |
| Net change in commercial paper | 1,419 | 212 | (1,086) |
| Proceeds from other short-term debt | 450 | 500 | 100 |
| Repayments of other short-term debt | (2) | (450) | 0 |
| Capital contributions from NEE | 0 | 600 | 1,454 |
| Dividends on common stock | (1,450) | (1,300) | (700) |
| Other - net | (15) | (2) | (8) |
| Net cash provided by (used in) financing activities | 1,481 | (393) | 293 |
| Net increase in cash, cash equivalents and restricted cash | 21 | 55 | 46 |
| Cash, cash equivalents and restricted cash at beginning of year | 174 | 98 | 98 |
| Cash, cash equivalents and restricted cash at end of year | 174 | 98 | 98 |
| Cash paid for interest (net of amount capitalized) | 472 | 434 | 435 |
| Cash paid for income taxes - net | 2 | 147 | 439 |
| Accrued property additions | 668 | 664 | 474 |
| Increase in property, plant and equipment - net as a result of a settlement/noncash exchange | (112) | 0 | 0 |
| [1] FPL's comprehensive income is the same as reported net income | |||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2017 | |
| 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 |