v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,812 $ 1,487
Customer receivables, net 4,018 3,336
Other receivables 1,733 1,180
Materials, supplies and fuel inventory 2,420 2,214
Regulatory assets 433 1,417
Derivatives 997 879
Other 1,171 1,438
Total current assets 13,584 11,951
Other assets:    
Property, plant and equipment – net 156,197 138,852
Special use funds 10,954 9,800
Investment in equity method investees 5,528 6,118
Prepaid benefit costs 2,868 2,496
Regulatory assets 5,639 4,828
Derivatives 1,998 1,774
Goodwill 4,849 4,866
Other 11,104 9,459
Total other assets 199,137 178,193
TOTAL ASSETS 212,721 190,144
Current liabilities:    
Commercial paper 1,955 1,670
Other short-term debt 608 217
Current portion of long-term debt 3,500 8,061
Accounts payable 7,583 6,982
Customer deposits 709 694
Accrued interest and taxes 1,185 1,016
Derivatives 1,113 1,073
Accrued construction-related expenditures 2,966 2,346
Regulatory liabilities 356 279
Other 2,842 3,017
Total current liabilities 22,817 25,355
Other liabilities and deferred credits:    
Long-term debt 89,556 72,385
Asset retirement obligations 3,669 3,671
Deferred income taxes 12,359 11,749
Regulatory liabilities 11,474 10,635
Derivatives 2,148 2,008
Other 4,219 3,480
Total other liabilities and deferred credits 123,425 103,928
TOTAL LIABILITIES 146,242 129,283
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS – VIEs 0 401
EQUITY    
Common stock 21 21
Additional paid-in capital 19,494 17,260
Retained earnings 35,102 32,946
Accumulated other comprehensive loss (9) (126)
Total common shareholders' equity 54,608 50,101
Noncontrolling interests 11,871 10,359
TOTAL EQUITY 66,479 60,460
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY 212,721 190,144
FPL    
Current assets:    
Cash and cash equivalents 42 32
Customer receivables, net 1,667 1,400
Other receivables 413 380
Materials, supplies and fuel inventory 1,373 1,309
Regulatory assets 401 1,405
Derivatives 39 31
Other 255 257
Total current assets 4,151 4,783
Other assets:    
Electric utility plant and other property – net 81,755 76,166
Special use funds 7,684 6,875
Prepaid benefit costs 2,072 1,954
Regulatory assets 5,405 4,464
Derivatives 1 9
Goodwill 2,965 2,965
Other 1,126 934
Total other assets 101,007 93,358
TOTAL ASSETS 105,158 98,141
Current liabilities:    
Commercial paper 1,130 1,430
Current portion of long-term debt 641 1,719
Accounts payable 1,084 996
Customer deposits 685 669
Accrued interest and taxes 470 443
Derivatives 15 3
Accrued construction-related expenditures 1,153 860
Regulatory liabilities 344 273
Other 687 1,105
Total current liabilities 6,194 7,495
Other liabilities and deferred credits:    
Long-term debt 28,041 25,026
Asset retirement obligations 2,158 2,276
Deferred income taxes 10,156 9,438
Regulatory liabilities 11,280 10,465
Derivatives 1 4
Other 343 365
Total other liabilities and deferred credits 51,978 47,570
TOTAL LIABILITIES 58,172 55,065
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock 1,373 1,373
Additional paid-in capital 26,866 26,868
Retained earnings 18,747 14,835
TOTAL EQUITY 46,986 43,076
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY $ 105,158 $ 98,141