v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 4,309 $ 2,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,128 2,868
Nuclear fuel and other amortization 210 165
Unrealized losses (gains) on marked to market derivative contracts – net (672) 1,003
Foreign currency transaction losses (gains) (285) 56
Deferred income taxes 619 (512)
Cost recovery clauses and franchise fees (7) (159)
Equity in losses (earnings) of equity method investees (504) 469
Distributions of earnings from equity method investees 213 181
Gains on disposal of businesses, assets and investments – net (353) (155)
Recoverable storm-related costs (19) (346)
Other – net 262 230
Changes in operating assets and liabilities:    
Current assets (858) (501)
Noncurrent assets (222) (183)
Current liabilities 1,223 521
Noncurrent liabilities 232 217
Net cash provided by operating activities 7,276 5,958
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (5,780) (4,285)
Independent power and other investments of NEER (13,338) (9,056)
Nuclear fuel purchases (263) (279)
Other capital expenditures (8) (6)
Sale of independent power and other investments of NEER 448 309
Proceeds from sale or maturity of securities in special use funds 3,252 2,810
Purchases of securities in special use funds (3,482) (3,060)
Other – net 58 22
Net cash used in investing activities (19,113) (13,545)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 15,566 12,996
Retirements of long-term debt (4,032) (5,160)
Net change in commercial paper (219) 2,357
Proceeds from other short-term debt 3,650 1,400
Repayments of other short-term debt 0 (850)
Cash swept from (repayments to) related parties – net 13 (129)
Issuances of common stock/equity units 31 22
Dividends on common stock (2,599) (2,332)
Other – net (353) (144)
Net cash provided by financing activities 12,057 8,160
Effects of currency translation on cash, cash equivalents and restricted cash (4) 7
Net increase in cash, cash equivalents and restricted cash 216 580
Cash, cash equivalents and restricted cash at beginning of period 3,006 1,402
Cash, cash equivalents and restricted cash at end of period 3,222 1,982
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 1,980 1,502
Cash paid (received) for income taxes - net (1,188) (353)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 7,080 3,545
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 2,874 2,591
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,694 1,488
Nuclear fuel and other amortization 80 74
Deferred income taxes 20 141
Cost recovery clauses and franchise fees (7) (159)
Recoverable storm-related costs (19) (346)
Other – net 20 16
Changes in operating assets and liabilities:    
Current assets (342) (461)
Noncurrent assets (85) (83)
Current liabilities 1,144 587
Noncurrent liabilities 9 (7)
Net cash provided by operating activities 5,388 3,841
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (5,780) (4,285)
Nuclear fuel purchases (152) (98)
Proceeds from sale or maturity of securities in special use funds 1,955 1,720
Purchases of securities in special use funds (2,082) (1,810)
Other – net 39 35
Net cash used in investing activities (6,020) (4,438)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 2,502 1,996
Retirements of long-term debt (648) (1,122)
Net change in commercial paper (1,044) (103)
Dividends on common stock (100) (100)
Other – net (35) (36)
Net cash provided by financing activities 675 635
Net increase in cash, cash equivalents and restricted cash 43 38
Cash, cash equivalents and restricted cash at beginning of period 88 133
Cash, cash equivalents and restricted cash at end of period 131 171
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 631 606
Cash paid (received) for income taxes - net (68) 115
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 1,231 $ 960
[1] FPL's comprehensive income is the same as reported net income.