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: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 18, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 2,827 | 2,369 | 3,388 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 3,924 | 4,052 | 4,216 |
| Nuclear fuel and other amortization | 290 | 263 | 262 |
| Unrealized losses (gains) on marked to market derivative contracts net | 2,005 | 533 | (108) |
| Foreign currency transaction losses (gains) | (94) | 45 | 17 |
| Deferred income taxes | 436 | (78) | 258 |
| Cost recovery clauses and franchise fees | (599) | (121) | 155 |
| Equity in losses (earnings) of equity method investees | (666) | 1,351 | (66) |
| Distributions of earnings from equity method investees | 526 | 456 | 438 |
| Gains on disposal of businesses, assets and investments net | (146) | (403) | (461) |
| Recoverable storm-related costs | (138) | (69) | (180) |
| Other net | (326) | 189 | (141) |
| Changes in operating assets and liabilities: | |||
| Current assets | (1,267) | (364) | 123 |
| Noncurrent assets | (324) | (234) | (93) |
| Current liabilities | 1,053 | (6) | 116 |
| Noncurrent liabilities | 52 | 0 | 231 |
| Net cash provided by operating activities | 7,553 | 7,983 | 8,155 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL Segment | (6,626) | (6,477) | (5,560) |
| Acquisition and capital expenditures of Gulf Power | (782) | (1,012) | (5,165) |
| Independent power and other investments of NEER | (8,247) | (6,851) | (6,385) |
| Nuclear fuel purchases | (275) | (245) | (315) |
| Other capital expenditures | (147) | (25) | (37) |
| Sale of independent power and other investments of NEER | 2,761 | 1,012 | 1,316 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 4,995 | 3,916 | 4,008 |
| Purchases of securities in special use funds and other investments | (5,310) | (4,100) | (4,160) |
| Other net | 40 | 83 | 121 |
| Net cash used in investing activities | (13,591) | (13,699) | (16,177) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt, including premiums and discounts | 16,683 | 12,404 | 13,905 |
| Retirements of long-term debt | (9,594) | (6,103) | (5,492) |
| Proceeds from differential membership investors | 2,779 | 3,522 | 1,604 |
| Net change in commercial paper | (169) | (965) | (234) |
| Proceeds from other short-term debt | 0 | 2,158 | 200 |
| Repayments of other short-term debt | (257) | (2,100) | (4,765) |
| Payments from (to) related parties under a cash sweep and credit support agreement net | 47 | (2) | (54) |
| Issuances of common stock/equity units net | 14 | 1,494 | |
| Payments of Stock Issuance Costs | (92) | ||
| Proceeds from sale of noncontrolling interests | 65 | 501 | 99 |
| Dividends on common stock | (3,024) | (2,743) | (2,408) |
| Other net | (737) | (406) | (476) |
| Net cash provided by financing activities | 5,807 | 6,174 | 3,873 |
| Effects of currency translation on cash, cash equivalents and restricted cash | 1 | (20) | 4 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (230) | 438 | (4,145) |
| Cash, cash equivalents and restricted cash at beginning of year | 1,546 | 1,108 | |
| Cash, cash equivalents and restricted cash at end of year | 1,316 | 1,546 | 1,108 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,323 | 1,432 | 1,799 |
| Cash paid (received) for income taxes net | (69) | 235 | 184 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 4,995 | 4,445 | 3,573 |
| Increase in property, plant and equipment related to an acquisition | 0 | 68 | 0 |
| Decrease in joint venture investments related to an acquisition | 0 | 145 | 0 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 3,206 | 2,890 | 2,519 [1] |
| Depreciation and amortization | 2,266 | 2,526 | 2,771 |
| Nuclear fuel and other amortization | 174 | 167 | 178 |
| Deferred income taxes | 752 | 629 | 45 |
| Cost recovery clauses and franchise fees | (599) | (121) | 155 |
| Recoverable storm-related costs | (138) | (69) | (180) |
| Other net | (157) | 35 | (5) |
| Current assets | (49) | (164) | (42) |
| Noncurrent assets | (114) | (77) | 22 |
| Current liabilities | 20 | 31 | 50 |
| Noncurrent liabilities | (3) | (31) | (12) |
| Net cash provided by operating activities | 5,358 | 5,816 | 5,501 |
| Capital expenditures | (7,411) | (7,476) | (6,290) |
| Nuclear fuel purchases | (159) | (203) | (195) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,308 | 2,488 | 2,729 |
| Purchases of securities in special use funds and other investments | (3,394) | (2,567) | (2,854) |
| Other net | 15 | 65 | 10 |
| Net cash used in investing activities | (7,641) | (7,693) | (6,600) |
| Issuances of long-term debt, including premiums and discounts | 2,588 | 3,003 | 2,998 |
| Retirements of long-term debt | (1,304) | (1,603) | (200) |
| Net change in commercial paper | (169) | (123) | 418 |
| Proceeds from other short-term debt | 0 | 0 [2] | 200 |
| Capital contributions from NEE | 1,700 | 2,750 | 359 |
| Dividends on common stock | (540) | (2,210) | (2,620) |
| Other net | (44) | (44) | (46) |
| Net cash provided by financing activities | 2,231 | 1,773 | 1,109 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (52) | (104) | 10 |
| Cash, cash equivalents and restricted cash at beginning of year | 108 | 264 | 264 |
| Cash, cash equivalents and restricted cash at end of year | 108 | 264 | 264 |
| Cash paid for interest (net of amount capitalized) | 586 | 620 | 614 |
| Cash paid (received) for income taxes net | (1) | 105 | 584 |
| Accrued property additions | 1,107 | 698 | 914 |
| NEE's noncash contribution of a consolidated subsidiary net | 0 | 0 | 4,436 |
| [1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 Merger of FPL and Gulf Power Company. | FPL's comprehensive income is the same as reported net income. | |||
| [2] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 Merger of FPL and Gulf Power Company. | |||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2021 | |
| 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 |