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Equity
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Equity Equity

Earnings Per Share - The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018(a)
 
2019
 
2018(a)
 
(millions, except per share amounts)
Numerator:
 
 
 
 
 
 
 
    Net income attributable to NEE - basic
$
879

 
$
1,005

 
$
2,794

 
$
6,216

Adjustment for the impact of dilutive securities at NEP(b)

 
(4
)
 

 
(33
)
    Net income attributable to NEE - assuming dilution
$
879

 
$
1,001

 
$
2,794

 
$
6,183

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding - basic
481.9

 
473.1

 
479.7

 
471.7

Equity units, stock options, performance share awards and restricted stock(c)
4.1

 
4.3

 
3.8

 
3.9

Weighted-average number of common shares outstanding - assuming dilution
486.0

 
477.4

 
483.5

 
475.6

Earnings per share attributable to NEE:(a)
 
 
 
 
 
 
 
Basic
$
1.82

 
$
2.12

 
$
5.82

 
$
13.18

Assuming dilution
$
1.81

 
$
2.10

 
$
5.78

 
$
13.00

———————————————
(a)
Amounts have been retrospectively adjusted for an accounting standards update related to leases.
(b)
The NEP Series A convertible preferred units and the NEP senior unsecured convertible notes were both antidilutive for the three and nine months ended September 30, 2019, but required adjustment for the three and nine months ended September 30, 2018.
(c)
Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award.

Common shares issuable pursuant to equity units and/or stock options as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 2.2 million for the three months ended September 30, 2019 and 1.0 million and 0.2 million for the nine months ended September 30, 2019 and 2018, respectively.

Accumulated Other Comprehensive Income (Loss) - The components of AOCI, net of tax, are as follows:

 
Accumulated Other Comprehensive Income (Loss)
 
Net Unrealized Gains (Losses) on Cash Flow Hedges
 
Net Unrealized Gains (Losses) on Available for Sale Securities
 
Defined Benefit Pension and Other Benefits Plans
 
Net Unrealized Gains (Losses) on Foreign Currency Translation
 
Other Comprehensive Income (Loss) Related to Equity Method Investees
 
Total
 
(millions)
Nine Months Ended September 30, 2019
 
Balances, December 31, 2018
$
(55
)
 
$
(7
)
 
$
(65
)
 
$
(63
)
 
$
2

 
$
(188
)
Other comprehensive income (loss) before reclassifications

 
8

 
(52
)
 
10

 
(1
)
 
(35
)
Amounts reclassified from AOCI
10

(a) 
2

(b) 
(1
)
(c) 

 

 
11

Net other comprehensive income (loss)
10


10


(53
)

10


(1
)
 
(24
)
Acquisition of Gulf Power
(1
)
 

 

 

 

 
(1
)
Balances, March 31, 2019
(46
)
 
3

 
(118
)
 
(53
)
 
1

 
(213
)
Other comprehensive income (loss) before reclassifications

 
7

 
(1
)
 
8

 
1

 
15

Amounts reclassified from AOCI
8

(a) 
(1
)
(b) 

(c) 

 

 
7

Net other comprehensive income (loss)
8

 
6

 
(1
)
 
8

 
1

 
22

Balances, June 30, 2019
(38
)
 
9

 
(119
)
 
(45
)
 
2

 
(191
)
Other comprehensive income before reclassifications

 
4

 

 
1

 
1

 
6

Amounts reclassified from AOCI
6

(a) 
(1
)
(b) 
(1
)
(c) 

 

 
4

Net other comprehensive income (loss)
6

 
3

 
(1
)
 
1

 
1

 
10

Balances, September 30, 2019
$
(32
)
 
$
12

 
$
(120
)
 
$
(44
)
 
$
3

 
$
(181
)

 
Accumulated Other Comprehensive Income (Loss)
 
Net Unrealized Gains (Losses) on Cash Flow Hedges
 
Net Unrealized Gains (Losses) on Available for Sale Securities
 
Defined Benefit Pension and Other Benefits Plans
 
Net Unrealized Gains (Losses) on Foreign Currency Translation
 
Other Comprehensive Income (Loss) Related to Equity Method Investees
 
Total
 
(millions)
Nine Months Ended September 30, 2018
 
Balances, December 31, 2017
$
(77
)
 
$
316

 
$
(39
)
 
$
(69
)
 
$
(20
)
 
$
111

Other comprehensive income (loss) before reclassifications

 
(5
)
 
(1
)
 
(20
)
 
2

 
(24
)
Amounts reclassified from AOCI
7

(a) 
(1
)
(b) 
(1
)
(c) 

 

 
5

Net other comprehensive income (loss)
7


(6
)

(2
)

(20
)

2


(19
)
Impact of NEP deconsolidation(d)
3

 

 

 
37

 
18

 
58

Adoption of accounting standards updates(e)
(7
)
 
(312
)
 
(9
)
 

 

 
(328
)
Balances, March 31, 2018
(74
)
 
(2
)
 
(50
)
 
(52
)
 

 
(178
)
Other comprehensive income (loss) before reclassifications

 
(3
)
 

 

 
2

 
(1
)
Amounts reclassified from AOCI
7

(a) 

(b) 
(1
)
(c) 

 

 
6

Net other comprehensive income (loss)
7

 
(3
)
 
(1
)
 

 
2

 
5

Balances, June 30, 2018
(67
)
 
(5
)
 
(51
)
 
(52
)
 
2

 
(173
)
Other comprehensive income (loss) before reclassifications

 
(2
)
 

 
11

(f) 
1

 
10

Amounts reclassified from AOCI
7

(a) 

(b) 
(1
)
(c) 

 

 
6

Net other comprehensive income (loss)
7

 
(2
)
 
(1
)
 
11

 
1

 
16

Balances, September 30, 2018
$
(60
)
 
$
(7
)
 
$
(52
)
 
$
(41
)
 
$
3

 
$
(157
)
———————————————
(a)
Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 4 - Income Statement Impact of Derivative Instruments.
(b)
Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income.
(c)
Reclassified to other net periodic benefit income in NEE's consolidated statements of income.
(d)
Reclassified and included in gain on NEP deconsolidation. See Note 2.
(e)
Reclassified to retained earnings.
(f)
Amount has been retrospectively adjusted for an accounting standards update related to leases.