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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES $ 6,716 $ 2,890
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,367 1,366
Other operations and maintenance 1,067 959
Depreciation and amortization 822 885
Taxes other than income taxes and other – net 516 478
Total operating expenses – net 3,772 3,688
GAINS (LOSSES) ON DISPOSAL OF BUSINESSES/ASSETS – NET (2) 23
OPERATING INCOME (LOSS) 2,942 (775)
OTHER INCOME (DEDUCTIONS)    
Interest expense (1,183) 142
Equity in earnings (losses) of equity method investees 101 (453)
Allowance for equity funds used during construction 31 37
Gains (Losses) on disposal of investments and other property – net (4) 18
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 94 (136)
Other net periodic benefit income 60 70
Other – net 130 45
Total other deductions – net (771) (277)
INCOME (LOSS) BEFORE INCOME TAXES 2,171 (1,052)
INCOME TAX EXPENSE (BENEFIT) 386 (359)
NET INCOME (LOSS) 1,785 (693)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 301 242
Net income (loss) attributable to NEE $ 2,086 $ (451)
Earnings (loss) per share of common stock:    
Basic (in dollars per share) $ 1.04 $ (0.23)
Assuming dilution (in dollars per share) $ 1.04 $ (0.23)
Florida Power & Light Company    
OPERATING REVENUES $ 3,919 $ 3,712
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,214 1,200
Other operations and maintenance 380 396
Depreciation and amortization 335 463
Taxes other than income taxes and other – net 444 410
Total operating expenses – net 2,373 2,469
OPERATING INCOME (LOSS) 1,546 1,243
OTHER INCOME (DEDUCTIONS)    
Interest expense (249) (173)
Allowance for equity funds used during construction 30 34
Other – net 5 0
Total other deductions – net (214) (139)
INCOME (LOSS) BEFORE INCOME TAXES 1,332 1,104
INCOME TAX EXPENSE (BENEFIT) 262 229
NET INCOME (LOSS) [1] $ 1,070 $ 875
[1] FPL's comprehensive income is the same as reported net income.