CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified

3 Months Ended

Mar. 31, 2013

Mar. 31, 2012

OPERATING REVENUE

$ 3,279

$ 3,371

OPERATING EXPENSES

Fuel, purchased power and interchange

1,065

1,182

Other operations and maintenance

756

775

Impairment charges

300

Depreciation and amortization

419

320

Taxes other than income taxes and other

305

291

Total operating expenses

2,845

2,568

^[1]

OPERATING INCOME

434

803

OTHER INCOME (DEDUCTIONS)

Interest expense

(272)

(265)

Benefits associated with differential membership interests - net

Allowance for equity funds used during construction

Interest income

Other - net

Total other deductions - net

(182)

(185)

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

252

618

INCOME TAXES

168

157

INCOME FROM CONTINUING OPERATIONS

461

NET GAIN FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES

188

NET INCOME

272

461

Earnings per share of common stock:

Continuing operations

$ 0.20

$ 1.12

Discontinued operations

$ 0.45

$ 0.00

Net income

$ 0.65

$ 1.12

Continuing operations, per diluted share

$ 0.20

$ 1.11

Discontinued operations, per diluted share

$ 0.44

$ 0.00

Net Income, per diluted share

$ 0.64

$ 1.11

Dividends per share of common stock (in dollars per share)

$ 0.66

$ 0.60

Weighted-average number of common shares outstanding:

Basic (in shares)

421.0

412.3

Assuming dilution (in shares)

423.7

414.7

FPL [Member]

OPERATING REVENUE

2,188

2,224

OPERATING EXPENSES

Fuel, purchased power and interchange

820

935

Other operations and maintenance

385

436

Depreciation and amortization

181

118

Taxes other than income taxes and other

259

254

Total operating expenses

1,645

1,743

OPERATING INCOME

543

481

OTHER INCOME (DEDUCTIONS)

Interest expense

(102)

(104)

Allowance for equity funds used during construction

Other - net

Total other deductions - net

(83)

(94)

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

460

387

INCOME TAXES

172

148

NET INCOME

$ 288

^[2]

$ 239

^[2]

[1]	Prior year amounts are restated to conform to the current year's presentation.
[2]	(a)FPL's comprehensive income is the same as reported net income.

FLORIDA POWER & LIGHT CO 10-Q