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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING REVENUES $ 6,247 $ 5,731
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,165 1,206
Other operations and maintenance 1,173 1,123
Depreciation and amortization 1,095 898
Taxes other than income taxes and other – net 594 549
Total operating expenses – net 4,027 3,776
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 36 58
OPERATING INCOME 2,256 2,013
OTHER INCOME (DEDUCTIONS)    
Interest expense (1,774) (323)
Equity in earnings (losses) of equity method investees (646) 203
Allowance for equity funds used during construction 38 56
Gains (losses) on disposal of investments and other property – net (2) 15
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (68) 128
Other net periodic benefit income 67 38
Other – net 72 34
Total other income (deductions) – net (2,313) 151
INCOME (LOSS) BEFORE INCOME TAXES (57) 2,164
INCOME TAX EXPENSE (BENEFIT) (521) 227
NET INCOME 464 1,937
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 369 331
Net income (loss) attributable to NEE $ 833 $ 2,268
Earnings (loss) per share of common stock:    
Basic (in dollars per share) $ 0.41 $ 1.11
Assuming dilution (in dollars per share) $ 0.40 $ 1.10
Florida Power & Light Company    
OPERATING REVENUES $ 3,997 $ 3,834
OPERATING EXPENSES    
Fuel, purchased power and interchange 936 1,034
Other operations and maintenance 379 361
Depreciation and amortization 408 303
Taxes other than income taxes and other – net 475 460
Total operating expenses – net 2,198 2,158
OPERATING INCOME 1,799 1,676
OTHER INCOME (DEDUCTIONS)    
Interest expense (317) (279)
Allowance for equity funds used during construction 37 53
Other – net 12 1
Total other income (deductions) – net (268) (225)
INCOME (LOSS) BEFORE INCOME TAXES 1,531 1,451
INCOME TAX EXPENSE (BENEFIT) 215 279
NET INCOME [1] $ 1,316 $ 1,172
[1] FPL's comprehensive income is the same as reported net income.