XML 22 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUES $ 3,927 $ 4,204 $ 7,653 $ 8,817
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,103 731 2,009 1,552
Other operations and maintenance 866 904 1,854 1,734
Depreciation and amortization 981 981 1,730 1,829
Taxes other than income taxes and other – net 460 419 888 825
Total operating expenses – net 3,410 3,035 6,481 5,940
GAINS (LOSSES) ON DISPOSAL OF BUSINESSES/ASSETS – NET (7) 17 7 290
OPERATING INCOME 510 1,186 1,179 3,167
OTHER INCOME (DEDUCTIONS)        
Interest expense (757) (320) (336) (1,630)
Equity in earnings (losses) of equity method investees (84) 154 356 (236)
Allowance for equity funds used during construction 34 20 63 42
Interest income 7 11 25 23
Gains on disposal of investments and other property – net 22 2 52 26
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 105 218 162 (110)
Other net periodic benefit income 64 47 128 99
Other – net 31 (4) 52 4
Total other income (deductions) – net (578) 128 502 (1,782)
INCOME (LOSS) BEFORE INCOME TAXES (68) 1,314 1,681 1,385
INCOME TAX EXPENSE (BENEFIT) (140) 185 111 (51)
NET INCOME 72 1,129 1,570 1,436
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 184 146 352 259
Net income (loss) attributable to NEE $ 256 $ 1,275 $ 1,922 $ 1,695
Earnings per share of common stock:        
Basic (in dollars per share) $ 0.13 $ 0.65 $ 0.98 $ 0.87
Assuming dilution (in dollars per share) $ 0.13 $ 0.65 $ 0.98 $ 0.86
FPL [Member]        
OPERATING REVENUES $ 3,569 $ 3,158 [1] $ 6,539 $ 6,025 [1]
OPERATING EXPENSES        
Fuel, purchased power and interchange 963 610 [1] 1,735 1,307 [1]
Other operations and maintenance 410 424 [1] 795 804 [1]
Depreciation and amortization 571 621 [1] 910 1,091 [1]
Taxes other than income taxes and other – net 395 364 [1] 755 710 [1]
Total operating expenses – net 2,339 2,019 [1] 4,195 3,912 [1]
OPERATING INCOME 1,230 1,139 [1] 2,344 2,113 [1]
OTHER INCOME (DEDUCTIONS)        
Interest expense (154) (162) [1] (309) (329) [1]
Allowance for equity funds used during construction 31 19 [1] 58 41 [1]
Other – net 3 1 [1] 4 3 [1]
Total other income (deductions) – net (120) (142) [1] (247) (285) [1]
INCOME (LOSS) BEFORE INCOME TAXES 1,110 997 [1] 2,097 1,828 [1]
INCOME TAX EXPENSE (BENEFIT) 228 194 [1] 437 342 [1]
NET INCOME [2] $ 882 $ 803 [1] $ 1,660 $ 1,486 [1],[3]
[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.
[3] 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.