sources & usesSources of Funds (in millions)19931992199119901989Operating cash flow1,2679881,1941,053963exh 5Debt2,3991,025265276214exh 5 (FPL bonds + FPL Group Capital + pref stock)Stock issuance27642231879673exh 5TOTAL3,9422,4351,7772,1251,250PercentagesSimple averageOperating cash flow32%41%67%50%77%53%Debt61%42%15%13%17%30%Stock issuance7%17%18%37%6%17%Uses of FundsCapital expenditures1,2481,3911,3441,039836exh 5Dividends462431392324298exh 5Retirement of debt and pref stock2,648670360142194exh 5TOTAL4,3582,4922,0961,5051,328PercentagesSimple averageCapital expenditures29%56%64%69%63%56%Dividends11%17%19%22%22%18%Retirement of debt and pref stock61%27%17%9%15%26%Sources less Uses(416)(57)(319)620(78)calculated (TOTAL Sources - TOTAL Uses)Other net inflows (outflows)490(35)275(428)23Calculated plug; includes divestitures, cash from discontinued ops, receipts from parterships and leases, nuclear fuel sale, change in notes payables, other.Net increase (decrease) in cash74(92)(44)192(55)exh 519931992199119901989TotalDividends Paid4624313923242981907Stock Issued276423318796731886Net Cash to Shareholders186874-47222521199419951996Net Income519553579Interest Expense319291266

FPLFPLExhibit 3FPL Group, Inc. Balance Sheetsmillions19931992199119901989ASSETS:--------------------Net Prop., Plant & Equip.$10,289$9,866$9,081$8,422$8,079Investments9858237285742,367Current AssetsCash1527817021461Marketable securities17275Receivables:505517514493573330382375439300Recoverable storm costs4573197Other48584544118-------------------------Total current assets1,2521,1831,1041,3861,052Deferred & other assets552434369420827-----------------------------------Total assets$13,078$12,306$11,282$10,802$12,325LIABILITIES & EQUITYCurrent Liabilities:Commercial paper$350$0$0$49$126Current maturities LTD2801641372016Accounts payable323411390358336Customer deposits216215201190188Interest accrued109124110106124Taxes accrued95919988Deferred revenues131175Other C.L.335172171127-------------------------Total current liabs.*1,8391,1781,108938790Capital lease obligations27132428075Long-term debt3,7493,9603,6683,8533,450Deferred & other liabs.2,5702,4572,3762,2634,114Preferred stock w/o S.F.451421346346346Preferred stock with S.F.97130150166173Shareholders' equity4,1013,8363,3543,1613,452-----------------------------------Total Capital & Liabs.$13,078$12,306$11,282$10,802$12,325* Total current liabilities do not sum properly.Exhibit 4FPL Group, Inc. Income Statements(in millions)19931992199119901989--------------------Operating Revenues$5,316$5,193$5,249$5,086$5,033Fuel costs1,7581,8301,9331,9271,776Operations & maintenance1,2511,2031,2761,2441,195Cost reduction program13890Non-utility operations70746920285Depreciation & amort.599554518501637Non-income taxes526498486451408---------------------------------------------Operating income9741,034877761932Interest & Preferred Div.410410411393383Allowance & other(115)(105)(81)(52)(54)Income taxes250262171122186---------------------------------------------Income continuing oprns.429467376298417Discontinued operations(136)(689)16-------------------------Net income (loss)$429$467$240($391)$433Exhibit 4abit 4bFPL Group, Inc. Earnings & Dividends per Sharep Inc. Earnings and Dividends per sharearnings & Dividend& Dividends per Sharends per shareshareEPS Bef.YearEPSExtraord.DPS------------------1993$2.30$2.76$2.4719922.652.652.4319911.482.662.391990-2.862.642.3419893.122.992.2619883.423.122.1819873.102.692.1019862.902.902.0219853.113.111.9419842.622.651.77Exhibit 6FPL Group, Inc. Financial Projections(in millions)ActualActualProjected -----------------------------------------------------------------Annual1992199319941995199619971998Growth--------------------------------------Florida Power & Lightower & LightElectric sales, mil. KWH69,29072,45574,41176,42078,48480,60382,7792.7%Customer accounts (000)3,2813,3503,4373,5263,6183,7123,8092.6%Total capacity in MW16,62716,69717,55917,56318,03018,05118,0511.6%Net income (in millions)$467$429$527$557$616$596$615Depreciation & amortization554598665711741778795TOTAL1,0211,0271,1921,2681,3571,3741,410Capital expenditures1,2701,337901831743769624Maturing debt182112811014185Preferred dividends44434040404040Common dividends43146149152155158161130TOTAL1,4961,391943952884813849Shares outstanding (mil.)176.2186.4191.5192.1192.1192.1192.1Capitalization ratios:Long-term debt48%46%46%46%45%44%44%Preferred stock6%6%6%6%6%6%6%Equity46%47%48%48%50%50%50%Before dividend CF($475)($364)$249$316$473$561$561After dividend CF(906)(825)(242)(205)(78)(20)(50)