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Segment Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment InformationThe tables below present information for NEE's two reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses. Corporate and Other represents other business activities, includes eliminating entries, and may include the net effect of rounding. Effective January 1, 2022, the previous segments known as the FPL segment and Gulf Power are no longer separate reportable segments. See Note 1 – Basis of Presentation and Note 6 – Merger of FPL and Gulf Power Company. Prior year amounts for FPL and Corporate and Other were retrospectively adjusted to reflect this segment change. See Note 2 for information regarding NEE's and FPL's operating revenues.
NEE's segment information is as follows:
2022
FPL
NEER(a)
Corp. and
Other
NEE
Consolidated
(millions)
Operating revenues$17,282 $3,720 $(46)$20,956 
Operating expenses – net$11,992 
(b)
$5,140 $265 $17,397 
Gains (losses) on disposal of businesses/assets – net
$4 $536 $(18)$522 
Interest expense$768 $128 $(311)$585 
Depreciation and amortization
$2,695 $1,722 $86 $4,503 
Equity in earnings of equity method investees$ $202 $1 $203 
Income tax expense (benefit)$947 
(c)
$(391)
(c)
$30 $586 
Net income (loss)
$3,701 $(616)$161 $3,246 
Net loss attributable to noncontrolling interests$ $901 $ $901 
Net income attributable to NEE$3,701 $285 $161 $4,147 
Capital expenditures, independent power and other investments and nuclear fuel purchases
$9,185 $9,645 $453 $19,283 
Property, plant and equipment – net$64,693 $45,840 $526 $111,059 
Total assets$86,559 $70,713 $1,663 $158,935 
Investment in equity method investees
$ $6,572 $10 $6,582 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)FPL's income statement line for total operating expenses – net includes gains (losses) on disposal of businesses/assets – net.
(c)Includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.



2021
FPL
NEER(a)
Corp. and
Other
NEE
Consolidated
(millions)
Operating revenues$14,102 $3,053 $(86)$17,069 
Operating expenses – net$9,587 
(b)
$4,434 $212 $14,233 
Gains (losses) on disposal of businesses/assets – net
$$78 $(2)$77 
Interest expense$615 $367 $288 $1,270 
Depreciation and amortization
$2,266 $1,576 $82 $3,924 
Equity in earnings of equity method investees$— $666 $— $666 
Income tax expense (benefit)$838 $(395)
(c)
$(95)$348 
Net income (loss)
$3,206 $(147)$(232)$2,827 
Net loss attributable to noncontrolling interests$— $746 $— $746 
Net income (loss) attributable to NEE$3,206 $599 $(232)$3,573 
Capital expenditures, independent power and other investments and nuclear fuel purchases
$7,570 $8,363 $144 $16,077 
Property, plant and equipment – net$58,227 $40,900 $221 $99,348 
Total assets$78,067 $62,113 $732 $140,912 
Investment in equity method investees
$— $6,150 $$6,159 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)FPL's income statement line for total operating expenses – net includes gains (losses) on disposal of businesses/assets – net.
(c)Includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.
2020
FPL
NEER(a)
Corp. and
Other
NEE
Consolidated
(millions)
Operating revenues$13,060 $5,046 $(109)$17,997 
Operating expenses – net$8,940 $4,125 $169 $13,234 
Gains (losses) on disposal of businesses/assets – net
$— $363 $(10)$353 
Interest expense$641 $659 $650 $1,950 
Depreciation and amortization
$2,526 $1,460 $66 $4,052 
Equity in losses of equity method investees$— $(1,351)$— $(1,351)
Income tax expense (benefit)$678 $(416)
(b)
$(218)$44 
Net income (loss)$2,890 $(19)$(502)$2,369 
Net loss attributable to noncontrolling interests$— $550 $— $550 
Net income (loss) attributable to NEE$2,890 $531 $(502)$2,919 
Capital expenditures, independent power and other investments and nuclear fuel purchases
$7,679 $6,893 $38 $14,610 
Property, plant and equipment – net$53,879 $37,842 $82 $91,803 
Total assets$71,001 $55,633 $1,050 $127,684 
Investment in equity method investees
$— $5,713 $15 $5,728 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)Includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.