XML 26 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING REVENUES $ 3,726 $ 4,613
OPERATING EXPENSES    
Fuel, purchased power and interchange 906 821
Other operations and maintenance 989 830
Depreciation and amortization 749 848
Taxes other than income taxes and other – net 427 406
Total operating expenses - net 3,071 2,905
GAINS ON DISPOSAL OF BUSINESSES/ASSETS - NET 14 273
OPERATING INCOME 669 1,981
OTHER INCOME (DEDUCTIONS)    
Interest expense 421 (1,311)
Equity in earnings (losses) of equity method investees 440 (390)
Allowance for equity funds used during construction 29 22
Interest income 19 13
Gains on disposal of investments and other property – net 29 24
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 58 (328)
Other net periodic benefit income 64 52
Other – net 19 10
Total other income (deductions) - net 1,079 (1,908)
INCOME BEFORE INCOME TAXES 1,748 73
INCOME TAX EXPENSE (BENEFIT) 250 (235)
NET INCOME 1,498 308
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 168 113
Net income (loss) attributable to NEE $ 1,666 $ 421
Earnings per share of common stock:    
Basic (in dollars per share) $ 0.85 $ 0.21
Assuming dilution (in dollars per share) $ 0.84 $ 0.21
FPL [Member]    
OPERATING REVENUES $ 2,970 $ 2,868 [1]
OPERATING EXPENSES    
Fuel, purchased power and interchange 772 697 [1]
Other operations and maintenance 385 380 [1]
Depreciation and amortization 339 470 [1]
Taxes other than income taxes and other – net 360 347 [1]
Total operating expenses - net 1,856 1,894 [1]
OPERATING INCOME 1,114 974 [1]
OTHER INCOME (DEDUCTIONS)    
Interest expense (155) (167) [1]
Allowance for equity funds used during construction 27 22 [1]
Other – net 0 1 [1]
Total other income (deductions) - net (128) (144) [1]
INCOME BEFORE INCOME TAXES 986 830 [1]
INCOME TAX EXPENSE (BENEFIT) 209 148 [1]
NET INCOME [2] $ 777 $ 682 [1]
[1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[2] FPL's comprehensive income is the same as reported net income.