XML 19 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING REVENUES $ 7,567 $ 7,172 $ 19,368 $ 21,236
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,451 1,554 3,937 4,280
Other operations and maintenance 1,247 1,196 3,541 3,391
Depreciation and amortization 1,642 1,957 3,949 4,272
Taxes other than income taxes and other – net 602 636 1,721 1,727
Total operating expenses – net 4,942 5,343 13,148 13,670
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 231 7 318 11
OPERATING INCOME 2,856 1,836 6,538 7,577
OTHER INCOME (DEDUCTIONS)        
Interest expense (1,817) (26) (2,960) (1,344)
Equity in earnings (losses) of equity method investees 237 (954) 599 (721)
Allowance for equity funds used during construction 50 43 147 105
Gains on disposal of investments and other property – net 1 29 132 126
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 108 (98) 148 (10)
Other net periodic benefit income 66 62 171 184
Other – net 95 81 218 288
Total other income (deductions) – net (1,260) (863) (1,545) (1,372)
INCOME BEFORE INCOME TAXES 1,596 973 4,993 6,205
INCOME TAX EXPENSE (BENEFIT) 5 (46) 168 838
NET INCOME 1,591 1,019 4,825 5,367
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 261 200 918 733
Net income (loss) attributable to NEE $ 1,852 $ 1,219 $ 5,743 $ 6,100
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 0.90 $ 0.60 $ 2.80 $ 3.02
Assuming dilution (in dollars per share) $ 0.90 $ 0.60 $ 2.79 $ 3.02
Florida Power & Light Company        
OPERATING REVENUES $ 4,939 $ 5,475 $ 13,163 $ 14,169
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,208 1,339 3,322 3,764
Other operations and maintenance 417 456 1,171 1,262
Depreciation and amortization 974 1,424 1,971 2,743
Taxes other than income taxes and other – net 511 551 1,455 1,498
Total operating expenses – net 3,110 3,770 7,919 9,267
OPERATING INCOME 1,829 1,705 5,244 4,902
OTHER INCOME (DEDUCTIONS)        
Interest expense (304) (286) (874) (807)
Allowance for equity funds used during construction 49 40 139 100
Other – net (4) 10 2 36
Total other income (deductions) – net (259) (236) (733) (671)
INCOME BEFORE INCOME TAXES 1,570 1,469 4,511 4,231
INCOME TAX EXPENSE (BENEFIT) 277 286 813 825
NET INCOME [1] $ 1,293 $ 1,183 $ 3,698 $ 3,406
[1] FPL's comprehensive income is the same as reported net income.