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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING REVENUES $ 7,172 $ 6,719 $ 21,236 $ 14,792
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,554 1,933 4,280 4,888
Other operations and maintenance 1,196 1,225 3,391 3,161
Depreciation and amortization 1,957 1,289 4,272 3,332
Taxes other than income taxes and other – net 636 581 1,727 1,572
Total operating expenses – net 5,343 5,028 13,670 12,953
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 7 171 11 196
OPERATING INCOME 1,836 1,862 7,577 2,035
OTHER INCOME (DEDUCTIONS)        
Interest expense (26) (259) (1,344) 100
Equity in earnings (losses) of equity method investees (954) 196 (721) 180
Allowance for equity funds used during construction 43 20 105 88
Gains on disposal of investments and other property – net 29 51 126 83
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (98) (141) (10) (569)
Other net periodic benefit income 62 70 184 159
Other – net 81 83 288 160
Total other income (deductions) – net (863) 20 (1,372) 201
INCOME BEFORE INCOME TAXES 973 1,882 6,205 2,236
INCOME TAX EXPENSE (BENEFIT) (46) 323 838 257
NET INCOME 1,019 1,559 5,367 1,979
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 200 137 733 646
Net income (loss) attributable to NEE $ 1,219 $ 1,696 $ 6,100 $ 2,625
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 0.60 $ 0.86 $ 3.02 $ 1.33
Assuming dilution (in dollars per share) $ 0.60 $ 0.86 $ 3.02 $ 1.33
Florida Power & Light Company        
OPERATING REVENUES $ 5,475 $ 5,075 $ 14,169 $ 13,211
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,339 1,733 3,764 4,364
Other operations and maintenance 456 511 1,262 1,349
Depreciation and amortization 1,424 829 2,743 2,006
Taxes other than income taxes and other – net 551 495 1,498 1,340
Total operating expenses – net 3,770 3,568 9,267 9,059
OPERATING INCOME 1,705 1,507 4,902 4,152
OTHER INCOME (DEDUCTIONS)        
Interest expense (286) (200) (807) (554)
Allowance for equity funds used during construction 40 19 100 82
Other – net 10 9 36 10
Total other income (deductions) – net (236) (172) (671) (462)
INCOME BEFORE INCOME TAXES 1,469 1,335 4,231 3,690
INCOME TAX EXPENSE (BENEFIT) 286 261 825 751
NET INCOME [1] $ 1,183 $ 1,074 $ 3,406 $ 2,939
[1] FPL's comprehensive income is the same as reported net income.