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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES $ 7,966 $ 7,567 $ 20,912 $ 19,368
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,423 1,451 3,771 3,937
Other operations and maintenance 1,410 1,247 3,803 3,541
Depreciation and amortization 2,096 1,642 4,964 3,949
Taxes other than income taxes and other – net 653 602 1,877 1,721
Total operating expenses – net 5,582 4,942 14,415 13,148
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 143 231 197 318
OPERATING INCOME 2,527 2,856 6,694 6,538
OTHER INCOME (DEDUCTIONS)        
Interest expense (1,153) (1,817) (3,987) (2,960)
Equity in earnings (losses) of equity method investees 204 237 (266) 599
Allowance for equity funds used during construction 48 50 130 147
Gains on disposal of investments and other property – net 68 1 169 132
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 63 108 65 148
Other net periodic benefit income 67 66 201 171
Other – net 61 95 206 218
Total other income (deductions) – net (642) (1,260) (3,482) (1,545)
INCOME BEFORE INCOME TAXES 1,885 1,596 3,212 4,993
INCOME TAX EXPENSE (BENEFIT) (250) 5 (1,027) 168
NET INCOME 2,135 1,591 4,239 4,825
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 303 261 1,061 918
Net income (loss) attributable to NEE $ 2,438 $ 1,852 $ 5,300 $ 5,743
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 1.18 $ 0.90 $ 2.57 $ 2.80
Assuming dilution (in dollars per share) $ 1.18 $ 0.90 $ 2.57 $ 2.79
Florida Power & Light Company        
OPERATING REVENUES $ 5,285 $ 4,939 $ 13,989 $ 13,163
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,124 1,208 3,006 3,322
Other operations and maintenance 432 417 1,254 1,171
Depreciation and amortization 1,385 974 2,873 1,971
Taxes other than income taxes and other – net 547 511 1,543 1,455
Total operating expenses – net 3,488 3,110 8,676 7,919
OPERATING INCOME 1,797 1,829 5,313 5,244
OTHER INCOME (DEDUCTIONS)        
Interest expense (320) (304) (964) (874)
Allowance for equity funds used during construction 46 49 123 139
Other – net (8) (4) 13 2
Total other income (deductions) – net (282) (259) (828) (733)
INCOME BEFORE INCOME TAXES 1,515 1,570 4,485 4,511
INCOME TAX EXPENSE (BENEFIT) 52 277 431 813
NET INCOME [1] $ 1,463 $ 1,293 $ 4,054 $ 3,698
[1] FPL's comprehensive income is the same as reported net income.