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: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 14, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 3,388 | 5,776 | 5,323 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,216 | 3,911 | 2,357 |
| Nuclear fuel and other amortization | 262 | 236 | 281 |
| Impairment charges | 72 | 11 | 446 |
| Unrealized losses (gains) on marked to market derivative contracts net | (108) | 54 | 436 |
| Foreign currency transaction losses (gains) | 17 | 16 | (25) |
| Deferred income taxes | 258 | 1,463 | (882) |
| Cost recovery clauses and franchise fees | 155 | (225) | 82 |
| Acquisition of purchased power agreement | 0 | (52) | (243) |
| Benefits associated with differential membership interests - net | 0 | 0 | (460) |
| Equity in earnings of equity method investees | (66) | (358) | (141) |
| Distributions of earnings from equity method investees | 438 | 328 | 160 |
| Gains on disposal of businesses, assets and investments net | (461) | (191) | (1,223) |
| Gain on NEP deconsolidation | 0 | (3,927) | 0 |
| Recoverable storm-related costs | (180) | 0 | (108) |
| Other - net | (213) | 156 | 109 |
| Changes in operating assets and liabilities: | |||
| Current assets | 123 | (631) | (333) |
| Noncurrent assets | (93) | (220) | (60) |
| Current liabilities | 116 | 163 | 758 |
| Noncurrent liabilities | 231 | 83 | (19) |
| Net cash provided by operating activities | 8,155 | 6,593 | 6,458 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (5,560) | (5,012) | (5,174) |
| Acquisition and capital expenditures of Gulf Power | (5,165) | 0 | 0 |
| Independent power and other investments of NEER | (6,385) | (7,045) | (5,335) |
| Nuclear fuel purchases | (315) | (267) | (197) |
| Other capital expenditures, acquisitions and other investments | (37) | (680) | (34) |
| Proceeds from sale of the fiber-optic telecommunications business | 0 | 0 | 1,454 |
| Sale of independent power and other investments of NEER | 1,163 | 1,617 | 178 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 4,008 | 3,410 | 3,207 |
| Purchases of securities in special use funds and other investments | (4,160) | (3,733) | (3,244) |
| Distributions from equity method investees | 0 | 637 | 7 |
| Other - net | 274 | 123 | 220 |
| Net cash used in investing activities | (16,177) | (10,950) | (8,918) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt | 13,919 | 4,399 | 8,354 |
| Retirements of long-term debt | (5,492) | (3,102) | (6,780) |
| Proceeds from differential membership investors | 1,604 | 1,841 | 1,414 |
| Net change in commercial paper | (234) | 1,062 | 1,419 |
| Proceeds from other short-term debt | 200 | 5,665 | 450 |
| Repayments of other short-term debt | (4,765) | (455) | (2) |
| Payments to related parties under a cash sweep and credit support agreement net | (54) | (21) | 0 |
| Issuances of common stock - net | 1,494 | 718 | 55 |
| Proceeds from issuance of NEP convertible preferred units - net | 0 | 0 | 548 |
| Dividends on common stock | (2,408) | (2,101) | (1,845) |
| Other - net | (391) | (372) | (725) |
| Net cash provided by (used in) financing activities | 3,873 | 7,634 | 2,888 |
| Effects of currency translation on cash, cash equivalents and restricted cash | 4 | (7) | 26 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (4,145) | 3,270 | 454 |
| Cash, cash equivalents and restricted cash at beginning of year | 5,253 | 1,983 | |
| Cash, cash equivalents and restricted cash at end of year | 1,108 | 5,253 | 1,983 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,799 | 1,209 | 1,186 |
| Cash paid for income taxes - net | 184 | 200 | 142 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 3,573 | 2,138 | 3,029 |
| Decrease in property, plant and equipment - net as a result of cash grants primarily under the American Recovery and Reinvestment Act of 2009 | 0 | 0 | (154) |
| Increase in property, plant and equipment - net as a result of a settlement/noncash exchange | (7) | (5) | (108) |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 2,334 | 2,171 | 1,880 |
| Depreciation and amortization | 2,524 | 2,633 | 940 |
| Nuclear fuel and other amortization | 175 | 144 | 159 |
| Deferred income taxes | 44 | 180 | 905 |
| Cost recovery clauses and franchise fees | 177 | (225) | 82 |
| Acquisition of purchased power agreement | 0 | (52) | (243) |
| Recoverable storm-related costs | 0 | 0 | (108) |
| Other - net | 6 | 7 | (139) |
| Current assets | (48) | 97 | (190) |
| Noncurrent assets | (67) | (64) | (37) |
| Current liabilities | 32 | (509) | 699 |
| Noncurrent liabilities | 4 | 40 | (32) |
| Net cash provided by operating activities | 5,181 | 4,422 | 3,916 |
| Capital expenditures of FPL | (5,560) | (5,012) | (5,174) |
| Nuclear fuel purchases | (195) | (123) | (117) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,729 | 2,232 | 1,986 |
| Purchases of securities in special use funds and other investments | (2,854) | (2,402) | (2,082) |
| Other - net | 10 | 239 | 18 |
| Net cash used in investing activities | (5,870) | (5,066) | (5,369) |
| Issuances of long-term debt | 2,498 | 1,748 | 1,961 |
| Retirements of long-term debt | (95) | (1,591) | (882) |
| Net change in commercial paper | 226 | (431) | 1,419 |
| Proceeds from other short-term debt | 0 | 0 | 450 |
| Repayments of other short-term debt | 0 | (250) | (2) |
| Capital contributions from NEE | 250 | 1,785 | 0 |
| Dividends on common stock | (2,200) | (500) | (1,450) |
| Other - net | (49) | (37) | (22) |
| Net cash provided by (used in) financing activities | 630 | 724 | 1,474 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (59) | 80 | 21 |
| Cash, cash equivalents and restricted cash at beginning of year | 195 | 174 | 174 |
| Cash, cash equivalents and restricted cash at end of year | 195 | 174 | 174 |
| Cash paid for interest (net of amount capitalized) | 561 | 520 | 473 |
| Cash paid for income taxes - net | 544 | 415 | 2 |
| Accrued property additions | 680 | 549 | 668 |
| Increase in property, plant and equipment - net as a result of a settlement/noncash exchange | (7) | (5) | (112) |
| NEE's noncash contribution of a consolidated subsidiary - net | 0 | 526 | 0 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2019 | |
| 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 |