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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES $ 7,349 $ 5,183 $ 14,065 $ 8,073
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,359 1,589 2,726 2,955
Other operations and maintenance 1,127 977 2,194 1,936
Depreciation and amortization 1,494 1,159 2,315 2,043
Taxes other than income taxes and other – net 576 511 1,093 991
Total operating expenses – net 4,556 4,236 8,328 7,925
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 6 1 4 25
OPERATING INCOME 2,799 948 5,741 173
OTHER INCOME (DEDUCTIONS)        
Interest expense (135) 217 (1,318) 359
Equity in earnings (losses) of equity method investees 132 436 233 (16)
Allowance for equity funds used during construction 31 30 62 67
Gains on disposal of investments and other property – net 101 15 97 33
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (7) (292) 88 (428)
Other net periodic benefit income 62 19 122 89
Other – net 78 34 207 78
Total other income (deductions) – net 262 459 (509) 182
INCOME BEFORE INCOME TAXES 3,061 1,407 5,232 355
INCOME TAX EXPENSE (BENEFIT) 497 294 883 (65)
NET INCOME 2,564 1,113 4,349 420
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 231 267 532 509
Net income (loss) attributable to NEE $ 2,795 $ 1,380 $ 4,881 $ 929
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 1.38 $ 0.70 $ 2.43 $ 0.47
Assuming dilution (in dollars per share) $ 1.38 $ 0.70 $ 2.42 $ 0.47
Florida Power & Light Company        
OPERATING REVENUES $ 4,774 $ 4,425 $ 8,693 $ 8,137
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,212 1,431 2,426 2,631
Other operations and maintenance 427 441 807 838
Depreciation and amortization 984 715 1,319 1,177
Taxes other than income taxes and other – net 500 436 944 846
Total operating expenses – net 3,123 3,023 5,496 5,492
OPERATING INCOME 1,651 1,402 3,197 2,645
OTHER INCOME (DEDUCTIONS)        
Interest expense (272) (181) (521) (354)
Allowance for equity funds used during construction 30 28 60 62
Other – net 20 0 26 0
Total other income (deductions) – net (222) (153) (435) (292)
INCOME BEFORE INCOME TAXES 1,429 1,249 2,762 2,353
INCOME TAX EXPENSE (BENEFIT) 277 260 539 489
NET INCOME [1] $ 1,152 $ 989 $ 2,223 $ 1,864
[1] FPL's comprehensive income is the same as reported net income.