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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING REVENUES $ 27,412 $ 24,753 $ 28,114
OPERATING EXPENSES      
Fuel, purchased power and interchange 4,944 5,029 5,457
Other operations and maintenance 5,399 4,857 4,681
Depreciation and amortization 6,580 5,462 5,879
Taxes other than income taxes and other – net 2,469 2,278 2,265
Total operating expenses – net 19,392 17,626 18,282
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 260 352 405
OPERATING INCOME 8,280 7,479 10,237
OTHER INCOME (DEDUCTIONS)      
Interest Expense (4,572) (2,235) (3,324)
Equity in earnings (losses) of equity method investees (184) (246) (648)
Allowance for equity funds used during construction 181 198 161
Gains on disposal of investments and other property – net 179 163 125
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 107 107 159
Other net periodic benefit income 267 235 245
Other – net 272 336 333
Total other income (deductions) – net (3,750) (1,442) (2,949)
INCOME BEFORE INCOME TAXES 4,530 6,037 7,288
INCOME TAX EXPENSE (BENEFIT) (802) 339 1,006
NET INCOME 5,332 5,698 6,282
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1,503) (1,248) (1,028)
NET INCOME ATTRIBUTABLE TO NEE $ 6,835 $ 6,946 $ 7,310
Earnings per share attributable to NEE:      
Basic $ 3.31 $ 3.38 $ 3.61
Assuming dilution $ 3.30 $ 3.37 $ 3.60
FPL      
OPERATING REVENUES $ 18,262 $ 17,019 $ 18,365
OPERATING EXPENSES      
Fuel, purchased power and interchange 3,878 4,188 4,761
Other operations and maintenance 1,771 1,609 1,666
Depreciation and amortization 3,778 2,827 3,789
Taxes other than income taxes and other – net 2,016 1,904 1,959
Total operating expenses – net 11,443 10,528 12,175
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 1 1 407
OPERATING INCOME 6,820 6,492 6,597
OTHER INCOME (DEDUCTIONS)      
Interest Expense (1,284) (1,178) (1,114)
Allowance for equity funds used during construction 172 189 155
Other – net 23 10 37
Total other income (deductions) – net (1,089) (979) (922)
INCOME BEFORE INCOME TAXES 5,731 5,513 5,675
INCOME TAX EXPENSE (BENEFIT) 719 970 1,123
NET INCOME [1] $ 5,012 $ 4,543 $ 4,552
[1] FPL's comprehensive income is the same as reported net income.