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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING REVENUES $ 6,069 $ 7,349 $ 11,801 $ 14,065
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,280 1,359 2,486 2,726
Other operations and maintenance 1,171 1,127 2,293 2,194
Depreciation and amortization 1,409 1,494 2,307 2,315
Taxes other than income taxes and other – net 568 576 1,120 1,093
Total operating expenses – net 4,428 4,556 8,206 8,328
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 29 6 87 4
OPERATING INCOME 1,670 2,799 3,682 5,741
OTHER INCOME (DEDUCTIONS)        
Interest expense (820) (135) (1,143) (1,318)
Equity in earnings of equity method investees 159 132 362 233
Allowance for equity funds used during construction 41 31 97 62
Gains on disposal of investments and other property – net 116 101 131 97
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (89) (7) 40 88
Other net periodic benefit income 66 62 104 122
Other – net 89 78 123 207
Total other income (deductions) – net (438) 262 (286) (509)
INCOME BEFORE INCOME TAXES 1,232 3,061 3,396 5,232
INCOME TAX EXPENSE (BENEFIT) (64) 497 163 883
NET INCOME 1,296 2,564 3,233 4,349
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 326 231 657 532
Net income (loss) attributable to NEE $ 1,622 $ 2,795 $ 3,890 $ 4,881
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 0.79 $ 1.38 $ 1.90 $ 2.43
Assuming dilution (in dollars per share) $ 0.79 $ 1.38 $ 1.89 $ 2.42
Florida Power & Light Company        
OPERATING REVENUES $ 4,389 $ 4,774 $ 8,224 $ 8,693
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,081 1,212 2,115 2,426
Other operations and maintenance 393 427 754 807
Depreciation and amortization 694 984 997 1,319
Taxes other than income taxes and other – net 481 500 943 944
Total operating expenses – net 2,649 3,123 4,809 5,496
OPERATING INCOME 1,740 1,651 3,415 3,197
OTHER INCOME (DEDUCTIONS)        
Interest expense (290) (272) (569) (521)
Allowance for equity funds used during construction 37 30 90 60
Other – net 2 20 4 26
Total other income (deductions) – net (251) (222) (475) (435)
INCOME BEFORE INCOME TAXES 1,489 1,429 2,940 2,762
INCOME TAX EXPENSE (BENEFIT) 257 277 536 539
NET INCOME [1] $ 1,232 $ 1,152 $ 2,404 $ 2,223
[1] FPL's comprehensive income is the same as reported net income.