NEXTERA ENERGY INC

NEE 10-K · FY 2025

NEE FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Regulated And Unregulated Operating Revenue 27,412 24,753 +10.7%
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Franchise and Gross Receipts Taxes [Member] 1,114 1,053 +5.8%
Franchise and Gross Receipts Taxes [Member] · FPL 1,114 1,053 +5.8%
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FPL · FPL 18,262 17,019 +7.3%
NEER Segment · Operating Segments 8,760 7,542 +16.1%
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FPL 18,262 17,019 +7.3%
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Corporate And Eliminations 390 192 +103.1%
Operating Segments 27,022 24,561 +10.0%
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Equity Method Investment Nonconsolidated Investee Other 1,753 1,513 +15.9%
Fuel Purchased Power And Interchange Expense 4,944 5,029 -1.7%
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FPL · FPL 3,878 4,188 -7.4%
NEER Segment · Operating Segments 1,066 914 +16.6%
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FPL 3,878 4,188 -7.4%
Utilities Operating Expense Maintenance And Operations 5,399 4,857 +11.2%
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FPL · FPL 1,771 1,609 +10.1%
NEER Segment · Operating Segments 2,997 2,776 +8.0%
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FPL 1,771 1,609 +10.1%
Depreciation And Amortization Excluding Nuclear Fuel 6,580 5,462 +20.5%
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FPL · FPL 3,778 2,827 +33.6%
NEER Segment · Operating Segments 2,738 2,577 +6.2%
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FPL 3,778 2,827 +33.6%
Taxes Excluding Income And Excise Taxes 2,469 2,278 +8.4%
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FPL · FPL 2,016 1,904 +5.9%
NEER Segment · Operating Segments 450 371 +21.3%
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FPL 2,016 1,904 +5.9%
Operating Expenses 19,392 17,626 +10.0%
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FPL 11,443 10,528 +8.7%
Disposal Group Not Discontinued Operation Gain Loss On Disposal 260 352 -26.1%
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FPL · Operating Segments 1 1 0.0%
NEER Segment · Operating Segments 268 361 -25.8%
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FPL 1 1 0.0%
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Corporate And Eliminations -9 -10 +10.0%
Operating Segments 269 362 -25.7%
Operating Income 8,280 7,479 +10.7%
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FPL 6,820 6,492 +5.1%
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Equity Method Investment Nonconsolidated Investee Other 84 -325 +125.8%
Interest Expense Aggregate Expenses -4,572 -2,235 -104.6%
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FPL · FPL -1,284 -1,178 -9.0%
NEER Segment · Operating Segments -1,683 -1,114 -51.1%
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FPL -1,284 -1,178 -9.0%
Income Loss From Equity Method Investments -184 -246 +25.2%
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NEER Segment · Operating Segments -193 -267 +27.7%
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Corporate And Eliminations 9 21 -57.1%
Operating Segments -193 -267 +27.7%
Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity 181 198 -8.6%
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FPL 172 189 -9.0%
Gain Loss On Investments 179 163 +9.8%
Other Than Temporary Impairment Losses On Securities Held In Nuclear Decommissioning Funds 107 107 0.0%
Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax 267 235 +13.6%
Other Non-Operating Income (Expense) 272 336 -19.0%
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FPL 23 10 +130.0%
Non-Operating Income (Expense) -3,750 -1,442 -160.1%
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FPL -1,089 -979 -11.2%
Income Before Taxes 4,530 6,037 -25.0%
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FPL 5,731 5,513 +4.0%
Income Tax Expense (Benefit) -802 339 -336.6%
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FPL · FPL 719 970 -25.9%
NEER Segment · Operating Segments -1,140 -655 -74.0%
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FPL 719 970 -25.9%
Net Income 5,332 5,698 -6.4%
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Noncontrolling Interest -1,507 -1,266 -19.0%
Parent 6,835 6,946 -1.6%
Retained Earnings 6,835 6,946 -1.6%
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FPL 5,012 4,543 +10.3%
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest -1,503 -1,248 -20.4%
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NEER Segment · Operating Segments -1,503 -1,248 -20.4%
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Operating Segments -1,503 -1,248 -20.4%
Net Income 6,835 6,946 -1.6%
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FPL · FPL 5,012 4,543 +10.3%
NEER Segment · Operating Segments 2,975 2,299 +29.4%
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Retained Earnings · FPL 5,012 4,543 +10.3%
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Corporate And Eliminations -1,152 104 -1207.7%
Operating Segments 7,987 6,842 +16.7%
EPS (Basic) 3.31 3.38 -2.1%
EPS (Diluted) 3.3 3.37 -2.1%
Comprehensive Income 6,952 6,973 -0.3%
Wtd Avg Shares (Basic) 2,064.5 2,052.9 +0.6%
Wtd Avg Shares (Diluted) 2,070.6 2,059.2 +0.6%
Interest Expense (FY)
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Foreign Exchange Contract · Nondesignated -3 -3 0.0%
Interest Rate Contract · Nondesignated 1 2 -50.0%
Net Income Loss Attributable To Noncontrolling Interest (FY)
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Equity Method Investment Nonconsolidated Investee Other -194 -82 -136.6%
Revenue From Contract With Customer Including Assessed Tax 25.8 23.5 +9.8%
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FPL 18.2 16.9 +7.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 2,812 1,487 +89.1%
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FPL 42 32 +31.2%
Accounts Receivable 4,018 3,336 +20.4%
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FPL 1,667 1,400 +19.1%
Other Receivables Net Current 1,733 1,180 +46.9%
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FPL 413 380 +8.7%
Inventory 2,420 2,214 +9.3%
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FPL 1,373 1,309 +4.9%
Regulatory Assets Current 433 1,417 -69.4%
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FPL 401 1,405 -71.5%
Derivative Assets Current 997 879 +13.4%
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FPL 39 31 +25.8%
Other Assets Current 1,171 1,438 -18.6%
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FPL 255 257 -0.8%
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Carrying Reported Amount Fair Value Disclosure 340 396 -14.1%
Total Current Assets 13,584 11,951 +13.7%
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FPL 4,151 4,783 -13.2%
Non-Current Assets
Property, Plant & Equipment 156,197 138,852 +12.5%
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NEER Segment · Operating Segments 74,287 62,526 +18.8%
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Variable Interest Entity Primary Beneficiary 28,988 25,632 +13.1%
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Corporate And Eliminations 155 160 -3.1%
Operating Segments 156,042 138,692 +12.5%
Defined Benefit Plan Assets For Plan Benefits Noncurrent 2,868 2,496 +14.9%
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FPL 2,072 1,954 +6.0%
Regulatory Assets Noncurrent 5,639 4,828 +16.8%
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FPL 5,405 4,464 +21.1%
Derivative Assets Noncurrent 1,998 1,774 +12.6%
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FPL 1 9 -88.9%
Goodwill 4,849 4,866 -0.3%
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Clean Energy Assets [Member] 420 424 -0.9%
Corporate And Other 11 11 0.0%
Customer Supply [Member] 299 299 0.0%
Rate-Regulated Assets [Member] 1,154 1,167 -1.1%
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FPL 2,965 2,965 0.0%
Other Non-Current Assets 11,104 9,459 +17.4%
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FPL 1,126 934 +20.6%
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Estimate Of Fair Value Fair Value Disclosure 195 233 -16.3%
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Cash Sweep And Credit Support Agreement · Subsidiaries 183 128 +43.0%
Assets Noncurrent 199,137 178,193 +11.8%
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FPL 101,007 93,358 +8.2%
Total Assets 212,721 190,144 +11.9%
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FPL · Operating Segments 105,158 98,141 +7.1%
NEER Segment · Operating Segments 103,528 89,398 +15.8%
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FPL 105,158 98,141 +7.1%
Indirect Subsidiary of NextEra Energy Resources [Member] · Photovoltaic Solar Facility [Member] 506 1,708 -70.4%
NEER · Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member] 28,768 23,902 +20.4%
NextEra Energy Resources Consolidated VIE [Member] · 10% direct ownership in wind and solar facilities 1,301 1,346 -3.3%
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Corporate And Eliminations 4,035 2,605 +54.9%
Operating Segments 208,686 187,539 +11.3%
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Equity Method Investment Nonconsolidated Investee Other 29,235 30,144 -3.0%
Operating Lease Right-of-Use Assets 442 372 +18.8%
Intangible Assets 1,630 1,578 +3.3%
Other Assets
Public Utilities Property Plant And Equipment Net (Q)
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FPL · Operating Segments 81,755 76,166 +7.3%
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FPL 81,755 76,166 +7.3%
Decommissioning Fund Investments 10,954 9,800 +11.8%
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FPL 7,684 6,875 +11.8%
Equity Method Investments 5,528 6,118 -9.6%
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NEER Segment · Operating Segments 5,509 6,118 -10.0%
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NEER 2,123 2,838 -25.2%
Subsidiaries of NEE [Member] · Other Investments 2,525 3,315 -23.8%
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Corporate And Eliminations 19
Operating Segments 5,509 6,118 -10.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Mountain Valley Pipeline [Member] 1.1 1 +10.0%
XPLR 1 1.8 -44.4%
Current Liabilities
Commercial Paper 1,955 1,670 +17.1%
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FPL 1,130 1,430 -21.0%
Other Short Term Borrowings 608 217 +180.2%
Current Portion of Long-Term Debt 3,500 8,061 -56.6%
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Capital Holdings [Member] 1,934 5,642 -65.7%
FPL 641 1,719 -62.7%
NEER 925 700 +32.1%
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Variable Interest Entity Primary Beneficiary 9 25 -64.0%
Accounts Payable Current And Noncurrent 7,583 6,982 +8.6%
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FPL 1,084 996 +8.8%
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Variable Interest Entity Primary Beneficiary 502 631 -20.4%
Deferred Revenue (Current) 709 694 +2.2%
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FPL 685 669 +2.4%
Accrued Interest And Taxes 1,185 1,016 +16.6%
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FPL 470 443 +6.1%
Derivative Liabilities Current 1,113 1,073 +3.7%
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FPL 15 3 +400.0%
Construction Payable Current 2,966 2,346 +26.4%
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FPL 1,153 860 +34.1%
Regulatory Liability Current 356 279 +27.6%
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FPL 344 273 +26.0%
Other Liabilities Current 2,842 3,017 -5.8%
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FPL 687 1,105 -37.8%
Total Current Liabilities 22,817 25,355 -10.0%
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FPL 6,194 7,495 -17.4%
Non-Current Liabilities
Long-Term Debt 89,556 72,385 +23.7%
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Capital Holdings [Member] 43,992 32,970 +33.4%
FPL 28,041 25,026 +12.0%
NEER 17,523 14,389 +21.8%
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Variable Interest Entity Primary Beneficiary 190 436 -56.4%
Asset Retirement Obligations Noncurrent 3,669 3,671 -0.1%
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FPL 2,158 2,276 -5.2%
Deferred Tax Liabilities 12,359 11,749 +5.2%
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FPL 10,156 9,438 +7.6%
Regulatory Liability Noncurrent 11,474 10,635 +7.9%
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FPL 11,280 10,465 +7.8%
Derivative Liabilities Noncurrent 2,148 2,008 +7.0%
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FPL 1 4 -75.0%
Other Non-Current Liabilities 4,219 3,480 +21.2%
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FPL 343 365 -6.0%
Liabilities Noncurrent 123,425 103,928 +18.8%
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FPL 51,978 47,570 +9.3%
Total Liabilities 146,242 129,283 +13.1%
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FPL 58,172 55,065 +5.6%
Indirect Subsidiary of NextEra Energy Resources [Member] · Photovoltaic Solar Facility [Member] 148 520 -71.5%
NEER · Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member] 1,485 1,546 -3.9%
NextEra Energy Resources Consolidated VIE [Member] · 10% direct ownership in wind and solar facilities 71 76 -6.6%
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Equity Method Investment Nonconsolidated Investee Other 8,726 7,501 +16.3%
Long-Term Debt (Q)
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Capital Holdings [Member] 45,926 38,612 +18.9%
FPL 28,682 26,745 +7.2%
NEER 18,448 15,089 +22.3%
Stockholders' Equity
Common Stock 21 21 0.0%
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FPL 1,373 1,373 0.0%
Additional Paid In Capital Common Stock 19,494 17,260 +12.9%
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FPL 26,866 26,868 -0.0%
Retained Earnings 35,102 32,946 +6.5%
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FPL 18,747 14,835 +26.4%
Accumulated Other Comprehensive Income -9 -126 +92.9%
Total Stockholders' Equity 54,608 50,101 +9.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 66,479 60,460 +10.0%
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Accumulated Defined Benefit Plans Adjustment 33 -19 +273.7%
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest 19 23 -17.4%
Accumulated Other Comprehensive Income -9 -126 +92.9%
Accumulated Translation Adjustment -72 -101 +28.7%
Additional Paid In Capital 19,494 17,260 +12.9%
Additional Paid In Capital · FPL 26,866 26,868 -0.0%
Aoci Including Portion Attributable To Noncontrolling Interest -9 -126 +92.9%
Common Stock 21 21 0.0%
Common Stock · FPL 1,373 1,373 0.0%
Noncontrolling Interest 11,871 10,359 +14.6%
Other Comprehensive Income Related to Equity Method Investees 11 8 +37.5%
Parent 54,608 50,101 +9.0%
Retained Earnings 35,102 32,946 +6.5%
Retained Earnings · FPL 18,747 14,835 +26.4%
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FPL 46,986 43,076 +9.1%
Total Liabilities & Equity 212,721 190,144 +11.9%
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FPL 105,158 98,141 +7.1%
Minority Interest 11,871 10,359 +14.6%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation And Amortization 6,580 5,462 +20.5%
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FPL 3,778 2,827 +33.6%
Nuclear Fuel And Other Amortization 361 299 +20.7%
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FPL 164 172 -4.7%
Unrealized Gain Loss On Derivatives And Commodity Contracts 199 -492 +140.4%
Unrealized Gain Loss On On Equity Securities Held In Decommissioning Funds -107 -107 0.0%
Foreign Currency Transaction Gain Loss Before Tax 110 -85 +229.4%
Deferred Income Taxes 453 1,308 -65.4%
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FPL 617 602 +2.5%
Cost Recovery Clauses And Franchise Fees -89 1,016 -108.8%
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FPL -89 1,016 -108.8%
Equity Method Investment Dividends Or Distributions 446 811 -45.0%
Gain Loss On Disposition Of Assets1 -439 -515 +14.8%
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FPL -1 -1 0.0%
Increase Decrease In Recoverable Property Damage Costs -460 -676 +32.0%
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FPL -460 -676 +32.0%
Other Operating Activities Cash Flow Statement 288 135 +113.3%
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FPL -7 -14 +50.0%
Increase Decrease In Other Current Assets -920 -382 -140.8%
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FPL -319 262 -221.8%
Increase Decrease In Other Noncurrent Assets -440 -473 +7.0%
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FPL -199 -167 -19.2%
Increase Decrease In Other Current Liabilities 487 767 -36.5%
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FPL 59 -23 +356.5%
Change in Other Liabilities 500 248 +101.6%
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FPL -22 -35 +37.1%
Net Cash from Operations 12,485 13,260 -5.8%
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FPL 8,533 8,506 +0.3%
Investing Activities
Capital Expenditures Of F P L -8,719 -7,992 -9.1%
Capital Expenditures Of Public Utility (FY)
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FPL -8,719 -7,992 -9.1%
Independent Power Investments -15,332 -16,215 +5.4%
Payments For Proceeds From Nuclear Fuel -553 -399 -38.6%
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FPL -216 -222 +2.7%
Other Capital Expenditures -2 -123 +98.4%
Proceedsfrom Saleof Independent Power Investments 1,115 2,659 -58.1%
Proceeds From Decommissioning Fund 5,401 5,445 -0.8%
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FPL 3,142 3,628 -13.4%
Payments To Invest In Decommissioning Fund -5,893 -5,623 -4.8%
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FPL -3,295 -3,801 +13.3%
Other Investing Activities 118 -16 +837.5%
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FPL 7 3 +133.3%
Net Cash from Investing -23,865 -22,264 -7.2%
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FPL -9,081 -8,384 -8.3%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability 344 533 -35.5%
Financing Activities
Proceeds From Issuance Of Long Term Debt 23,394 24,769 -5.6%
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FPL 3,785 3,205 +18.1%
Repayments Of Long Term Debt -10,347 -10,113 -2.3%
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FPL -1,821 -1,721 -5.8%
Sale Of Differential Membership Interests 3,276 2,257 +45.1%
Payments To Differential Membership Investors -516 -740 +30.3%
Proceeds From Repayments Of Commercial Paper 285 -2,980 +109.6%
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FPL -300 -944 +68.2%
Proceeds From Other Short Term Debt 2,558 6,575 -61.1%
Repayments Of Other Short Term Debt -2,167 -6,613 +67.2%
Proceeds From Repayments Of Related Party Debt -131 -1,371 +90.4%
Proceeds From Issuance Of Common Stock 2,038 48 +4145.8%
Payments Of Dividends 4,680 4,235 +10.5%
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Retained Earnings · FPL 1,100 3,700 -70.3%
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FPL 1,100 3,700 -70.3%
Proceeds From Payments For Other Financing Activities -731 -597 -22.4%
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FPL -61 -46 -32.6%
Net Cash from Financing 12,979 7,000 +85.4%
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FPL 503 -61 +924.6%
Supplemental
Interest Paid 3,501 2,737 +27.9%
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FPL 1,225 1,143 +7.2%
Income Taxes Paid Received Net -1,275 -760 -67.8%
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FPL 37 640 -94.2%
Unpaid Capital Expenditures 7,645 6,835 +11.9%
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FPL 1,532 1,169 +31.1%
Income Taxes Paid -1,275 -760 -67.8%
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FPL 37 640 -94.2%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 5 -14 +135.7%
Net Change in Cash 1,604 -2,018 +179.5%
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FPL -45 61 -173.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3,006 1,402 +114.4%
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FPL 88 133 -33.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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