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Segment Information
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment InformationThe tables below present information for NEE's and FPL's reportable segments. NEE's segments include its reportable segments, the FPL segment, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses, as well as an operating segment of NEE, Gulf Power, a rate-regulated utility business. FPL's reportable segments include the FPL segment and Gulf Power. See Note 6 – Merger of FPL and Gulf Power Company. Corporate and Other for each of NEE and FPL represents other business activities, such as purchase accounting adjustments for Gulf Power Company, includes eliminating entries, and may include the net effect of rounding. See Note 2 for information regarding NEE's and FPL's operating revenues.
NEE's segment information is as follows:
2021
FPL SegmentGulf Power
NEER(a)
Corp. and
Other
NEE
Consolidated
(millions)
Operating revenues$12,600 $1,503 $3,053 $(87)$17,069 
Operating expenses – net$8,418 $1,170 $4,434 $211 $14,233 
Gains (losses) on disposal of businesses/assets – net
$1 $ $78 $(2)$77 
Interest expense$588 $28 $367 $287 $1,270 
Depreciation and amortization
$1,968 $297 $1,576 $83 $3,924 
Equity in earnings of equity method investees$ $ $666 $ $666 
Income tax expense (benefit)(b)
$767 $71 $(395)$(95)$348 
Net income (loss)
$2,935 $271 $(147)$(232)$2,827 
Net income (loss) attributable to NEE
$2,935 $271 $599 $(232)$3,573 
Capital expenditures, independent power and other investments and nuclear fuel purchases
$6,785 $782 $8,363 $147 $16,077 
Property, plant and equipment – net$52,728 $5,499 $40,900 $221 $99,348 
Total assets$68,197 $7,209 $62,113 $3,393 $140,912 
Investment in equity method investees
$ $ $6,150 $9 $6,159 



2020
FPL SegmentGulf Power
NEER(a)
Corp. and
Other
NEE
Consolidated
(millions)
Operating revenues$11,662 $1,398 $5,046 $(109)$17,997 
Operating expenses – net$7,862 $1,081 $4,125 $166 $13,234 
Gains (losses) on disposal of businesses/assets – net
$— $— $363 $(10)$353 
Interest expense$600 $41 $659 $650 $1,950 
Depreciation and amortization
$2,246 $281 $1,460 $65 $4,052 
Equity in losses of equity method investees$— $— $(1,351)$— $(1,351)
Income tax expense (benefit)(b)
$610 $67 $(416)$(217)$44 
Net income (loss)
$2,650 $238 $(19)$(500)$2,369 
Net income (loss) attributable to NEE
$2,650 $238 $531 $(500)$2,919 
Capital expenditures, independent power and other investments and nuclear fuel purchases
$6,680 $1,012 $6,893 $25 $14,610 
Property, plant and equipment – net$48,933 $4,946 $37,842 $82 $91,803 
Total assets$61,610 $6,725 $55,633 $3,716 $127,684 
Investment in equity method investees
$— $— $5,713 $15 $5,728 
_________________________
(a)Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.
2019
FPL SegmentGulf Power
NEER(a)
Corp. and
Other
NEE
Consolidated
(millions)
Operating revenues$12,192 $1,487 $5,639 $(114)$19,204 
Operating expenses – net$8,895 $1,216 $4,037 $109 $14,257 
Gains (losses) on disposal of businesses/assets – net
$$— $402 $(1)$406 
Interest expense$594 $55 $873 $727 $2,249 
Depreciation and amortization
$2,524 $247 $1,387 $58 $4,216 
Equity in earnings (losses) of equity method investees$— $— $67 $(1)$66 
Income tax expense (benefit)(b)
$441 $42 $162 $(197)$448 
Net income (loss)$2,334 $180 $1,426 $(552)$3,388 
Net income (loss) attributable to NEE$2,334 $180 $1,807 $(552)$3,769 
Capital expenditures, independent power and other investments and nuclear fuel purchases
$5,755 $729 $6,505 $4,473 $17,462 
Property, plant and equipment – net$45,074 $4,763 $32,042 $131 $82,010 
Total assets$57,188 $5,855 $51,516 $3,132 $117,691 
Investment in equity method investees
$— $— $7,453 $— $7,453 
_________________________
(a)Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.


FPL's segment information is as follows:
202120202019
FPL SegmentGulf PowerCorp. and
Other
FPL Consoli-
dated
FPL SegmentGulf PowerCorp. and
Other
FPL Consoli-datedFPL SegmentGulf PowerCorp. and
Other
FPL Consoli-dated
(millions)
Operating revenues$12,600 $1,503 $(1)$14,102 $11,662 $1,398 $— $13,060 $12,192 $1,487 $$13,680 
Operating expenses – net (a)
$8,418 $1,170 $(2)$9,586 $7,862 $1,081 $(3)$8,940 $8,895 $1,216 $(10)$10,101 
Interest expense$588 $28 $(1)$615 $600 $41 $— $641 $594 $55 $— $649 
Depreciation and amortization
$1,968 $297 $1 $2,266 $2,246 $281 $(1)$2,526 $2,524 $247 $— $2,771 
Income tax expense$767 $71 $ $838 $610 $67 $$678 $441 $42 $$484 
Net income$2,935 $271 $ $3,206 $2,650 $238 $$2,890 $2,334 $180 $$2,519 
Capital expenditures, independent power and other investments and nuclear fuel purchases$6,785 $782 $3 $7,570 $6,680 $1,012 $(13)$7,679 $5,755 $729 $$6,485 
Property, plant and equipment – net$52,728 $5,499 $ $58,227 $48,933 $4,946 $— $53,879 $45,074 $4,763 $— $49,837 
Total assets$68,197 $7,209 $2,661 $78,067 $61,610 $6,725 $2,666 $71,001 $57,188 $5,855 $2,647 $65,690 
_________________________
(a)FPL's income statement line for total operating expenses – net includes gains (losses) on disposal of businesses/assets net.