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: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 17, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 3,246 | 2,827 | 2,369 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,503 | 3,924 | 4,052 |
| Nuclear fuel and other amortization | 287 | 290 | 263 |
| Unrealized losses on marked to market derivative contracts net | 1,378 | 2,005 | 533 |
| Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds net | 461 | (267) | (163) |
| Foreign currency transaction losses (gains) | (104) | (94) | 45 |
| Deferred income taxes | 534 | 436 | (78) |
| Cost recovery clauses and franchise fees | (1,465) | (599) | (121) |
| Equity in losses (earnings) of equity method investees | (203) | (666) | 1,351 |
| Distributions of earnings from equity method investees | 541 | 526 | 456 |
| Gains on disposal of businesses, assets and investments net | (602) | (146) | (403) |
| Recoverable storm-related costs | (811) | (138) | (69) |
| Other net | 85 | (59) | 352 |
| Changes in operating assets and liabilities: | |||
| Current assets | (1,340) | (1,267) | (364) |
| Noncurrent assets | (89) | (324) | (234) |
| Current liabilities | 1,702 | 1,053 | (6) |
| Noncurrent liabilities | 139 | 52 | 0 |
| Net cash provided by operating activities | 8,262 | 7,553 | 7,983 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (9,067) | (7,408) | (7,489) |
| Independent power and other investments of NEER | (9,541) | (8,247) | (6,851) |
| Nuclear fuel purchases | (223) | (275) | (245) |
| Other capital expenditures | (452) | (147) | (25) |
| Sale of independent power and other investments of NEER | 1,564 | 2,761 | 1,012 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,857 | 4,995 | 3,916 |
| Purchases of securities in special use funds and other investments | (4,586) | (5,310) | (4,100) |
| Other net | 89 | 40 | 83 |
| Net cash used in investing activities | (18,359) | (13,591) | (13,699) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt, including premiums and discounts | 13,856 | 16,683 | 12,404 |
| Retirements of long-term debt | (4,525) | (9,594) | (6,103) |
| Proceeds from differential membership investors | 4,158 | 2,779 | 3,522 |
| Net change in commercial paper | 327 | (169) | (965) |
| Proceeds from other short-term debt | 1,755 | 0 | 2,158 |
| Repayments of other short-term debt | (1,125) | (257) | (2,100) |
| Payments from (to) related parties under a cash sweep and credit support agreement net | 240 | 47 | (2) |
| Issuances of common stock/equity units net | 1,460 | 14 | |
| Payments of common stock/equity units - net | (92) | ||
| Proceeds from sale of noncontrolling interests | 0 | 65 | 501 |
| Dividends on common stock | (3,352) | (3,024) | (2,743) |
| Other net | (565) | (737) | (406) |
| Net cash provided by financing activities | 12,229 | 5,807 | 6,174 |
| Effects of currency translation on cash, cash equivalents and restricted cash | (7) | 1 | (20) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,125 | (230) | 438 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,316 | 1,546 | |
| Cash, cash equivalents and restricted cash at end of year | 3,441 | 1,316 | 1,546 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,375 | 1,323 | 1,432 |
| Cash paid (received) for income taxes net | (32) | (69) | 235 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 6,005 | 4,995 | 4,445 |
| Decrease in property, plant and equipment - net and contract liabilities | 668 | 155 | 0 |
| Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | 204 | 120 | 90 |
| Increase in property, plant and equipment related to an acquisition | 0 | 0 | 68 |
| Decrease in joint venture investments related to an acquisition | 0 | 0 | 145 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 3,701 | 3,206 | 2,890 |
| Depreciation and amortization | 2,695 | 2,266 | 2,526 |
| Nuclear fuel and other amortization | 177 | 174 | 167 |
| Deferred income taxes | 942 | 752 | 629 |
| Cost recovery clauses and franchise fees | (1,465) | (599) | (121) |
| Recoverable storm-related costs | (811) | (138) | (69) |
| Other net | 16 | (157) | 35 |
| Current assets | (534) | (49) | (164) |
| Noncurrent assets | (73) | (114) | (77) |
| Current liabilities | 175 | 20 | 31 |
| Noncurrent liabilities | 71 | (3) | (31) |
| Net cash provided by operating activities | 4,894 | 5,358 | 5,816 |
| Capital expenditures | (9,067) | (7,411) | (7,476) |
| Nuclear fuel purchases | (118) | (159) | (203) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,437 | 3,308 | 2,488 |
| Purchases of securities in special use funds and other investments | (2,607) | (3,394) | (2,567) |
| Other net | (3) | 15 | 65 |
| Net cash used in investing activities | (9,358) | (7,641) | (7,693) |
| Issuances of long-term debt, including premiums and discounts | 2,942 | 2,588 | 3,003 |
| Retirements of long-term debt | (441) | (1,304) | (1,603) |
| Net change in commercial paper | 327 | (169) | (123) |
| Capital contributions from NEE | 3,625 | 1,700 | 2,750 |
| Dividends on common stock | (2,000) | (540) | (2,210) |
| Other net | (39) | (44) | (44) |
| Net cash provided by financing activities | 4,414 | 2,231 | 1,773 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (50) | (52) | (104) |
| Cash, cash equivalents and restricted cash at beginning of year | 58 | 160 | 160 |
| Cash, cash equivalents and restricted cash at end of year | 58 | 160 | 160 |
| Cash paid for interest (net of amount capitalized) | 707 | 586 | 620 |
| Cash paid (received) for income taxes net | 22 | (1) | 105 |
| Accrued property additions | 1,024 | 1,107 | 698 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2022 | |
| 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 |