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: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 2,369 | 3,388 | 5,776 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,052 | 4,216 | 3,911 |
| Nuclear fuel and other amortization | 263 | 262 | 236 |
| Unrealized losses (gains) on marked to market derivative contracts net | 533 | (108) | 54 |
| Foreign currency transaction losses | 45 | 17 | 16 |
| Deferred income taxes | (78) | 258 | 1,463 |
| Cost recovery clauses and franchise fees | (121) | 155 | (225) |
| Equity in losses (earnings) of equity method investees | 1,351 | (66) | (358) |
| Distributions of earnings from equity method investees | 456 | 438 | 328 |
| Gains on disposal of businesses, assets and investments net | (403) | (461) | (191) |
| Gain on NEP deconsolidation | 0 | 0 | (3,927) |
| Recoverable storm-related costs | (69) | (180) | 0 |
| Other - net | 189 | (141) | 115 |
| Changes in operating assets and liabilities: | |||
| Current assets | (364) | 123 | (631) |
| Noncurrent assets | (234) | (93) | (220) |
| Current liabilities | (6) | 116 | 163 |
| Noncurrent liabilities | 0 | 231 | 83 |
| Net cash provided by operating activities | 7,983 | 8,155 | 6,593 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (6,477) | (5,560) | (5,012) |
| Acquisition and capital expenditures of Gulf Power | (1,012) | (5,165) | 0 |
| Independent power and other investments of NEER | (6,851) | (6,385) | (7,045) |
| Nuclear fuel purchases | (245) | (315) | (267) |
| Other capital expenditures, acquisitions and other investments | (25) | (37) | (680) |
| Sale of independent power and other investments of NEER | 1,012 | 1,316 | 1,693 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,916 | 4,008 | 3,410 |
| Purchases of securities in special use funds and other investments | (4,100) | (4,160) | (3,733) |
| Distributions from equity method investees | 0 | 0 | 637 |
| Other - net | 83 | 121 | 47 |
| Net cash used in investing activities | (13,699) | (16,177) | (10,950) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt, including premiums and discounts | 12,404 | 13,905 | 4,391 |
| Retirements of long-term debt | (6,103) | (5,492) | (3,102) |
| Proceeds from differential membership investors | 3,522 | 1,604 | 1,841 |
| Net change in commercial paper | (965) | (234) | 1,062 |
| Proceeds from other short-term debt | 2,158 | 200 | 5,665 |
| Repayments of other short-term debt | (2,100) | (4,765) | (455) |
| Payments to related parties under a cash sweep and credit support agreement net | (2) | (54) | (21) |
| Issuances of common stock/equity units - net | (92) | ||
| Issuances of common stock/equity units - net | 1,494 | 718 | |
| Proceeds from sale of noncontrolling interests | 501 | 99 | 0 |
| Dividends on common stock | (2,743) | (2,408) | (2,101) |
| Other - net | (406) | (476) | (364) |
| Net cash provided by financing activities | 6,174 | 3,873 | 7,634 |
| Effects of currency translation on cash, cash equivalents and restricted cash | (20) | 4 | (7) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 438 | (4,145) | 3,270 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,108 | 5,253 | |
| Cash, cash equivalents and restricted cash at end of year | 1,546 | 1,108 | 5,253 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,432 | 1,799 | 1,209 |
| Cash paid for income taxes - net | 235 | 184 | 200 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 4,445 | 3,573 | 2,138 |
| Increase in property, plant and equipment related to an acquisition | 68 | 0 | 0 |
| Decrease in joint venture investments related to an acquisition | 145 | 0 | 0 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 2,650 | 2,334 | 2,171 |
| Depreciation and amortization | 2,246 | 2,524 | 2,633 |
| Nuclear fuel and other amortization | 164 | 175 | 144 |
| Deferred income taxes | 513 | 44 | 180 |
| Cost recovery clauses and franchise fees | (112) | 177 | (225) |
| Other - net | 54 | 6 | (45) |
| Current assets | (99) | (48) | 97 |
| Noncurrent assets | (94) | (67) | (64) |
| Current liabilities | 90 | 32 | (509) |
| Noncurrent liabilities | (31) | 4 | 40 |
| Net cash provided by operating activities | 5,381 | 5,181 | 4,422 |
| Capital expenditures of FPL | (6,477) | (5,560) | (5,012) |
| Nuclear fuel purchases | (203) | (195) | (123) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,484 | 2,729 | 2,232 |
| Purchases of securities in special use funds and other investments | (2,565) | (2,854) | (2,402) |
| Other - net | 64 | 10 | 239 |
| Net cash used in investing activities | (6,697) | (5,870) | (5,066) |
| Issuances of long-term debt, including premiums and discounts | 2,952 | 2,493 | 1,742 |
| Retirements of long-term debt | (1,427) | (95) | (1,591) |
| Net change in commercial paper | 44 | 226 | (431) |
| Repayments of other short-term debt | 0 | 0 | (250) |
| Capital contributions from NEE | 1,900 | 250 | 1,785 |
| Dividends on common stock | (2,210) | (2,200) | (500) |
| Other - net | (42) | (44) | (31) |
| Net cash provided by financing activities | 1,217 | 630 | 724 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (99) | (59) | 80 |
| Cash, cash equivalents and restricted cash at beginning of year | 96 | 254 | 254 |
| Cash, cash equivalents and restricted cash at end of year | 96 | 254 | 254 |
| Cash paid for interest (net of amount capitalized) | 580 | 561 | 520 |
| Cash paid for income taxes - net | 126 | 544 | 415 |
| Accrued property additions | 592 | 680 | 549 |
| NEE's noncash contribution of a consolidated subsidiary - net | 0 | 0 | 526 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2020 | |
| 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 |