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: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 15, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 5,776 | 5,323 | 2,999 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 3,911 | 2,357 | 3,120 |
| Nuclear fuel and other amortization | 236 | 281 | 308 |
| Impairment charges | 11 | 446 | 7 |
| Unrealized losses (gains) on marked to market derivative contracts - net | 54 | 436 | (44) |
| Foreign currency transaction losses (gains) | 16 | (25) | 13 |
| Deferred income taxes | 1,463 | (882) | 1,226 |
| Cost recovery clauses and franchise fees | (225) | 82 | 94 |
| Acquisition of purchased power agreement | (52) | (243) | 0 |
| Benefits associated with differential membership interests - net | 0 | (460) | (309) |
| Equity in earnings of equity method investees | (358) | (141) | (148) |
| Distributions of earnings from equity method investees | 328 | 160 | 102 |
| Gains on disposal of a business, assets and investments - net | (191) | (1,223) | (487) |
| Gain on NEP deconsolidation | (3,927) | 0 | 0 |
| Recoverable storm-related costs | 0 | (108) | (223) |
| Other - net | 156 | 109 | (32) |
| Changes in operating assets and liabilities: | |||
| Current assets | (631) | (333) | (146) |
| Noncurrent assets | (220) | (60) | (58) |
| Current liabilities | 163 | 758 | (32) |
| Noncurrent liabilities | 83 | (19) | (21) |
| Net cash provided by operating activities | 6,593 | 6,458 | 6,369 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (5,012) | (5,174) | (3,776) |
| Independent power and other investments of NEER | (6,994) | (5,295) | (5,396) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 3 | 78 | 335 |
| Nuclear fuel purchases | (267) | (197) | (283) |
| Other capital expenditures and other investments | (731) | (74) | (181) |
| Proceeds from sale of the fiber-optic telecommunications business | 0 | 1,454 | 0 |
| Sale of independent power and other investments of NEER | 1,617 | 178 | 658 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,410 | 3,207 | 3,776 |
| Purchases of securities in special use funds and other investments | (3,733) | (3,244) | (3,829) |
| Proceeds from sales of noncontrolling interests in NEP | 0 | 0 | 645 |
| Distributions from equity method investees | 637 | 7 | 0 |
| Other - net | 120 | 142 | 5 |
| Net cash used in investing activities | (10,950) | (8,918) | (8,046) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 4,399 | 8,354 | 5,657 |
| Retirements of long-term debt | (3,102) | (6,780) | (3,310) |
| Proceeds from differential membership investors | 1,841 | 1,414 | 1,859 |
| Net change in commercial paper | 1,062 | 1,419 | (106) |
| Proceeds from other short-term debt | 5,665 | 450 | 500 |
| Repayments of other short-term debt | (455) | (2) | (662) |
| Payments from related parties under a cash sweep and credit support agreement net | (21) | 0 | 0 |
| Issuances of common stock - net | 718 | 55 | 537 |
| Proceeds from issuance of NEP convertible preferred units - net | 0 | 548 | 0 |
| Dividends on common stock | (2,101) | (1,845) | (1,612) |
| Other - net | (372) | (725) | (439) |
| Net cash provided by (used in) financing activities | 7,634 | 2,888 | 2,424 |
| Effects of currency translation on cash, cash equivalents and restricted cash | (7) | 26 [1] | 10 |
| Net increase in cash, cash equivalents and restricted cash | 3,270 | 454 | 757 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,983 | 1,529 | |
| Cash, cash equivalents and restricted cash at end of year | 5,253 | 1,983 | 1,529 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,209 | 1,186 | 1,194 |
| Cash paid for income taxes - net | 200 | 142 | 91 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 2,138 | 3,029 | 3,626 |
| Increase (decrease) in property, plant and equipment - net as a result of cash grants primarily under the American Recovery and Reinvestment Act of 2009 | 0 | (154) | 419 |
| Increase in property, plant and equipment - net as a result of a settlement/noncash exchange | (5) | (108) | (72) |
| Proceeds from differential membership investors used to reduce debt | 0 | 0 | 100 |
| Legal Entity | |||
| FPL | |||
| Net income | 2,171 | 1,880 | 1,727 [2] |
| Depreciation and amortization | 2,633 | 940 | 1,700 |
| Nuclear fuel and other amortization | 144 | 159 | 220 |
| Deferred income taxes | 180 | 905 | 932 [1] |
| Cost recovery clauses and franchise fees | (225) | 82 | 94 |
| Acquisition of purchased power agreement | (52) | (243) | 0 |
| Recoverable storm-related costs | 0 | (108) | (223) |
| Other - net | 7 | (139) | 42 |
| Current assets | 97 | (190) | 25 |
| Noncurrent assets | (64) | (37) | (31) |
| Current liabilities | (509) | 699 | 14 |
| Noncurrent liabilities | 40 | (32) | (86) |
| Net cash provided by operating activities | 4,422 | 3,916 | 4,414 |
| Capital expenditures of FPL | (5,012) | (5,174) | (3,776) |
| Nuclear fuel purchases | (123) | (117) | (158) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,232 | 1,986 | 2,495 |
| Purchases of securities in special use funds and other investments | (2,402) | (2,082) | (2,506) |
| Other - net | 239 | 18 | 28 |
| Net cash used in investing activities | (5,066) | (5,369) | (3,917) |
| Issuances of long-term debt | 1,748 | 1,961 | 309 |
| Retirements of long-term debt | (1,591) | (882) | (262) |
| Net change in commercial paper | (431) | 1,419 | 212 |
| Proceeds from other short-term debt | 0 | 450 | 500 |
| Repayments of other short-term debt | (250) | (2) | (450) |
| Capital contributions from NEE | 0 | 600 | |
| Dividends on common stock | (500) | (1,450) | (1,300) |
| Other - net | (37) | (22) | (51) |
| Net cash provided by (used in) financing activities | 724 | 1,474 | (442) |
| Net increase in cash, cash equivalents and restricted cash | 80 | 21 | 55 |
| Cash, cash equivalents and restricted cash at beginning of year | 254 | 153 | 153 |
| Cash, cash equivalents and restricted cash at end of year | 254 | 153 | 153 |
| Cash paid for interest (net of amount capitalized) | 520 | 473 | 435 |
| Cash paid for income taxes - net | 415 | 2 | 147 |
| Accrued property additions | 549 | 668 | 664 |
| Increase in property, plant and equipment - net as a result of a settlement/noncash exchange | (5) | (112) | 0 |
| NEE's noncash contribution of a consolidated subsidiary - net | 526 | 0 | 0 |
| [1] Amounts have been retrospectively adjusted as discussed in Note 14. | |||
| [2] FPL's comprehensive income is the same as reported net income. | Amounts have been retrospectively adjusted as discussed in Note 14. | |||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2018 | |
| 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 |