v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 8,677 $ 4,239
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,780 4,964
Nuclear fuel and other amortization 350 262
Unrealized losses (gains) on marked to market derivative contracts – net (3,594) 799
Foreign currency transaction losses (gains) (320) 27
Deferred income taxes 1,699 (460)
Cost recovery clauses and franchise fees 270 (17)
Equity in losses (earnings) of equity method investees (796) 266
Distributions of earnings from equity method investees 366 353
Gains on disposal of businesses, assets and investments – net (441) (366)
Recoverable storm-related costs (24) (418)
Other – net 382 237
Changes in operating assets and liabilities:    
Current assets (755) (675)
Noncurrent assets (323) (346)
Current liabilities 1,665 806
Noncurrent liabilities 386 315
Net cash provided by operating activities 12,322 9,986
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures of FPL (8,160) (6,736)
Independent power and other investments of NEER (19,044) (12,276)
Nuclear fuel purchases (341) (311)
Other capital expenditures (9) (5)
Sale of independent power and other investments of NEER 665 999
Proceeds from sale or maturity of securities in special use funds 4,612 4,197
Purchases of securities in special use funds (4,784) (4,570)
Other – net 75 49
Net cash used in investing activities (26,986) (18,653)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 18,232 15,246
Retirements of long-term debt (4,912) (7,546)
Proceeds from differential membership investors 1,334 1,065
Payments to differential membership investors (597) (166)
Net change in commercial paper 1,761 2,592
Proceeds from other short-term debt 4,300 1,950
Repayments of other short-term debt (650) (1,067)
Cash swept from (repayments to) related parties – net 25 (128)
Issuances of common stock/equity units 969 2,028
Proceeds from sale of project minority interests 1,559 0
Dividends on common stock (3,907) (3,499)
Other – net (592) (499)
Net cash provided by financing activities 17,522 9,976
Effects of currency translation on cash, cash equivalents and restricted cash (2) 3
Net increase (decrease) in cash, cash equivalents and restricted cash 2,856 1,312
Cash, cash equivalents and restricted cash at beginning of period 3,006 1,402
Cash, cash equivalents and restricted cash at end of period 5,862 2,714
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 3,130 2,623
Cash paid (received) for income taxes - net (1,893) (797)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions 7,338 4,778
Right-of-use asset in exchange for finance lease liability 502 262
Florida Power & Light Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) [1] 4,493 4,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,568 2,873
Nuclear fuel and other amortization 130 118
Deferred income taxes 299 101
Cost recovery clauses and franchise fees 270 (17)
Recoverable storm-related costs (24) (418)
Other – net 5 18
Changes in operating assets and liabilities:    
Current assets (500) (685)
Noncurrent assets (110) (163)
Current liabilities 1,497 968
Noncurrent liabilities 17 (14)
Net cash provided by operating activities 8,645 6,835
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (8,160) (6,736)
Nuclear fuel purchases (162) (123)
Proceeds from sale or maturity of securities in special use funds 2,732 2,459
Purchases of securities in special use funds (2,897) (2,586)
Other – net 26 23
Net cash used in investing activities (8,461) (6,963)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt, including premiums and discounts 2,502 1,996
Retirements of long-term debt (649) (1,220)
Net change in commercial paper (1,130) (521)
Dividends on common stock (100) (100)
Other – net (36) (37)
Net cash provided by financing activities 587 118
Net increase (decrease) in cash, cash equivalents and restricted cash 771 (10)
Cash, cash equivalents and restricted cash at beginning of period 88 133
Cash, cash equivalents and restricted cash at end of period 859 123
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (net of amount capitalized) 898 834
Cash paid (received) for income taxes - net 45 143
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property additions $ 1,186 $ 1,189
[1] FPL's comprehensive income is the same as reported net income.