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NextEra Energy, Inc. Media Line: 561-694-4442 Jan. 25, 2024 FOR IMMEDIATE RELEASE | |||||
| Preliminary | ||||||||||||||||||||||||||
| Three Months Ended December 31, 2023 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| Operating Revenues | $ | 4,196 | $ | 2,656 | $ | 25 | $ | 6,877 | ||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||
| Fuel, purchased power and interchange | 996 | 207 | (25) | 1,178 | ||||||||||||||||||||||
| Other operations and maintenance | 403 | 773 | 115 | 1,291 | ||||||||||||||||||||||
| Depreciation and amortization | 1,046 | 540 | 21 | 1,607 | ||||||||||||||||||||||
| Taxes other than income taxes and other – net | 463 | 73 | (1) | 535 | ||||||||||||||||||||||
| Total operating expenses – net | 2,908 | 1,593 | 110 | 4,611 | ||||||||||||||||||||||
| Gains (losses) on disposal of businesses/assets – net | 407 | (10) | (3) | 394 | ||||||||||||||||||||||
| Operating Income (Loss) | 1,695 | 1,053 | (88) | 2,660 | ||||||||||||||||||||||
| Other Income (Deductions) | ||||||||||||||||||||||||||
| Interest expense | (307) | (584) | (1,090) | (1,981) | ||||||||||||||||||||||
| Equity in earnings (losses) of equity method investees | — | 73 | — | 73 | ||||||||||||||||||||||
| Allowance for equity funds used during construction | 55 | 1 | — | 56 | ||||||||||||||||||||||
| Gains (losses) on disposal of investments and other property – net | — | (1) | — | (1) | ||||||||||||||||||||||
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net | — | 169 | — | 169 | ||||||||||||||||||||||
| Other net periodic benefit income | — | — | 61 | 61 | ||||||||||||||||||||||
| Other – net | 1 | 28 | 17 | 46 | ||||||||||||||||||||||
| Total other income (deductions) – net | (251) | (314) | (1,012) | (1,577) | ||||||||||||||||||||||
| Income (Loss) before Income Taxes | 1,444 | 739 | (1,100) | 1,083 | ||||||||||||||||||||||
| Income Tax Expense (Benefit) | 298 | 150 | (279) | 169 | ||||||||||||||||||||||
| Net Income (Loss) | 1,146 | 589 | (821) | 914 | ||||||||||||||||||||||
| Net Loss Attributable to Noncontrolling Interests | — | 296 | — | 296 | ||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 1,146 | $ | 885 | $ | (821) | $ | 1,210 | ||||||||||||||||||
| Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): | ||||||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 1,146 | $ | 885 | $ | (821) | $ | 1,210 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | (561) | 909 | 348 | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | — | (169) | — | (169) | ||||||||||||||||||||||
| Differential membership interests – related | — | 14 | — | 14 | ||||||||||||||||||||||
| NEP investment gains – net | — | 44 | — | 44 | ||||||||||||||||||||||
| Gain on disposal of a business | (406) | — | — | (406) | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | 106 | 148 | (228) | 26 | ||||||||||||||||||||||
| Adjusted Earnings (Loss) | $ | 846 | $ | 361 | $ | (140) | $ | 1,067 | ||||||||||||||||||
| Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) | $ | 0.56 | $ | 0.43 | $ | (0.40) | $ | 0.59 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | (0.27) | 0.44 | 0.17 | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | — | (0.08) | — | (0.08) | ||||||||||||||||||||||
| Differential membership interests – related | — | 0.01 | — | 0.01 | ||||||||||||||||||||||
| NEP investment gains – net | — | 0.02 | — | 0.02 | ||||||||||||||||||||||
| Gain on disposal of a business | (0.20) | — | — | (0.20) | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | 0.05 | 0.07 | (0.11) | 0.01 | ||||||||||||||||||||||
| Adjusted Earnings (Loss) Per Share | $ | 0.41 | $ | 0.18 | $ | (0.07) | $ | 0.52 | ||||||||||||||||||
| Weighted-average shares outstanding (assuming dilution) | 2,054 | |||||||||||||||||||||||||
| ———————————— | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| (b) | After tax impact by segment is as follows: | FPL | NEER | Corporate and Other | NextEra Energy | ||||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | ||||||||||||||||||||||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | $ | — | $ | — | $ | (434) | $ | (0.21) | $ | 681 | $ | 0.33 | $ | 247 | $ | 0.12 | |||||||||||||||||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | $ | — | $ | — | $ | (121) | $ | (0.06) | $ | — | $ | — | $ | (121) | $ | (0.06) | |||||||||||||||||||||||||||||||||||||
| Differential membership interests – related | $ | — | $ | — | $ | 11 | $ | 0.01 | $ | — | $ | — | $ | 11 | $ | 0.01 | |||||||||||||||||||||||||||||||||||||
| NEP investment gains – net | $ | — | $ | — | $ | 26 | $ | 0.01 | $ | — | $ | — | $ | 26 | $ | 0.01 | |||||||||||||||||||||||||||||||||||||
| Gain on disposal of a business | $ | (300) | $ | (0.15) | $ | (6) | $ | — | $ | — | $ | — | $ | (306) | $ | (0.15) | |||||||||||||||||||||||||||||||||||||
| (c) | Includes the effects of rounding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Preliminary | ||||||||||||||||||||||||||
| Three Months Ended December 31, 2022 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| Operating Revenues | $ | 4,071 | $ | 2,093 | $ | — | $ | 6,164 | ||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||
| Fuel, purchased power and interchange | 1,324 | 211 | (34) | 1,501 | ||||||||||||||||||||||
| Other operations and maintenance | 508 | 657 | 102 | 1,267 | ||||||||||||||||||||||
| Depreciation and amortization | 688 | 465 | 17 | 1,170 | ||||||||||||||||||||||
| Taxes other than income taxes and other – net | 413 | 96 | (2) | 507 | ||||||||||||||||||||||
| Total operating expenses – net | 2,933 | 1,429 | 83 | 4,445 | ||||||||||||||||||||||
| Gains (losses) on disposal of businesses/assets – net | 4 | 328 | (6) | 326 | ||||||||||||||||||||||
| Operating Income (Loss) | 1,142 | 992 | (89) | 2,045 | ||||||||||||||||||||||
| Other Income (Deductions) | ||||||||||||||||||||||||||
| Interest expense | (215) | (194) | (276) | (685) | ||||||||||||||||||||||
| Equity in earnings (losses) of equity method investees | — | 24 | — | 24 | ||||||||||||||||||||||
| Allowance for equity funds used during construction | 24 | — | — | 24 | ||||||||||||||||||||||
| Gains (losses) on disposal of investments and other property – net | — | (4) | 1 | (3) | ||||||||||||||||||||||
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net | — | 108 | — | 108 | ||||||||||||||||||||||
| Other net periodic benefit income | — | — | 44 | 44 | ||||||||||||||||||||||
| Other – net | 8 | 28 | 3 | 39 | ||||||||||||||||||||||
| Total other income (deductions) – net | (183) | (38) | (228) | (449) | ||||||||||||||||||||||
| Income (Loss) before Income Taxes | 959 | 954 | (317) | 1,596 | ||||||||||||||||||||||
| Income Tax Expense (Benefit) | 196 | 213 | (80) | 329 | ||||||||||||||||||||||
| Net Income (Loss) | 763 | 741 | (237) | 1,267 | ||||||||||||||||||||||
| Net Loss Attributable to Noncontrolling Interests | — | 255 | — | 255 | ||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 763 | $ | 996 | $ | (237) | $ | 1,522 | ||||||||||||||||||
| Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): | ||||||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 763 | $ | 996 | $ | (237) | $ | 1,522 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | (468) | 110 | (358) | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net | — | (109) | — | (109) | ||||||||||||||||||||||
| Differential membership interests – related | — | 22 | — | 22 | ||||||||||||||||||||||
| NEP investment gains – net | — | (256) | — | (256) | ||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | — | 28 | — | 28 | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | — | 189 | (27) | 162 | ||||||||||||||||||||||
| Adjusted Earnings (Loss) | $ | 763 | $ | 402 | $ | (154) | $ | 1,011 | ||||||||||||||||||
| Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) | $ | 0.38 | $ | 0.50 | $ | (0.12) | $ | 0.76 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | (0.23) | 0.05 | (0.18) | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net | — | (0.05) | — | (0.05) | ||||||||||||||||||||||
| Differential membership interests – related | — | 0.01 | — | 0.01 | ||||||||||||||||||||||
| NEP investment gains – net | — | (0.13) | — | (0.13) | ||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | — | 0.01 | — | 0.01 | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | — | 0.09 | — | 0.09 | ||||||||||||||||||||||
| Adjusted Earnings (Loss) Per Share | $ | 0.38 | $ | 0.20 | $ | (0.07) | $ | 0.51 | ||||||||||||||||||
| Weighted-average shares outstanding (assuming dilution) | 1,993 | |||||||||||||||||||||||||
| ———————————— | |||||||||||||||||||||||||||||||||||||||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||||||||||||||||||||||||||||||||||||||
| (b) | After tax impact by segment is as follows: | NEER | Corporate and Other | NextEra Energy | |||||||||||||||||||||||||||||||||||||
| Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | ||||||||||||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | $ | (362) | $ | (0.18) | $ | 83 | $ | 0.05 | $ | (279) | $ | (0.13) | |||||||||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net | $ | (79) | $ | (0.04) | $ | — | $ | — | $ | (79) | $ | (0.04) | |||||||||||||||||||||||||||||
| Differential membership interests – related | $ | 17 | $ | 0.01 | $ | — | $ | — | $ | 17 | $ | 0.01 | |||||||||||||||||||||||||||||
| NEP investment gains – net | $ | (194) | $ | (0.10) | $ | — | $ | — | $ | (194) | $ | (0.10) | |||||||||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | $ | 24 | $ | 0.01 | $ | — | $ | — | $ | 24 | $ | 0.01 | |||||||||||||||||||||||||||||
| (c) | Includes the effects of rounding. | ||||||||||||||||||||||||||||||||||||||||
| Preliminary | ||||||||||||||||||||||||||
| Twelve Months Ended December 31, 2023 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| Operating Revenues | $ | 18,365 | $ | 9,672 | $ | 77 | $ | 28,114 | ||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||
| Fuel, purchased power and interchange | 4,761 | 795 | (99) | 5,457 | ||||||||||||||||||||||
| Other operations and maintenance | 1,666 | 2,601 | 414 | 4,681 | ||||||||||||||||||||||
| Depreciation and amortization | 3,789 | 2,009 | 81 | 5,879 | ||||||||||||||||||||||
| Taxes other than income taxes and other – net | 1,959 | 301 | 5 | 2,265 | ||||||||||||||||||||||
| Total operating expenses – net | 12,175 | 5,706 | 401 | 18,282 | ||||||||||||||||||||||
| Gains (losses) on disposal of businesses/assets – net | 407 | (3) | 1 | 405 | ||||||||||||||||||||||
| Operating Income (Loss) | 6,597 | 3,963 | (323) | 10,237 | ||||||||||||||||||||||
| Other Income (Deductions) | ||||||||||||||||||||||||||
| Interest expense | (1,114) | (1,129) | (1,081) | (3,324) | ||||||||||||||||||||||
| Equity in earnings (losses) of equity method investees | — | (649) | 1 | (648) | ||||||||||||||||||||||
| Allowance for equity funds used during construction | 155 | 6 | — | 161 | ||||||||||||||||||||||
| Gains (losses) on disposal of investments and other property – net | — | 125 | — | 125 | ||||||||||||||||||||||
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net | — | 159 | — | 159 | ||||||||||||||||||||||
| Other net periodic benefit income | — | — | 245 | 245 | ||||||||||||||||||||||
| Other – net | 37 | 232 | 64 | 333 | ||||||||||||||||||||||
| Total other income (deductions) – net | (922) | (1,256) | (771) | (2,949) | ||||||||||||||||||||||
| Income (Loss) before Income Taxes | 5,675 | 2,707 | (1,094) | 7,288 | ||||||||||||||||||||||
| Income Tax Expense (Benefit) | 1,123 | 177 | (294) | 1,006 | ||||||||||||||||||||||
| Net Income (Loss) | 4,552 | 2,530 | (800) | 6,282 | ||||||||||||||||||||||
| Net Loss Attributable to Noncontrolling Interests | — | 1,028 | — | 1,028 | ||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 4,552 | $ | 3,558 | $ | (800) | $ | 7,310 | ||||||||||||||||||
| Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): | ||||||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 4,552 | $ | 3,558 | $ | (800) | $ | 7,310 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | (2,259) | 310 | (1,949) | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | — | (165) | — | (165) | ||||||||||||||||||||||
| Differential membership interests – related | — | 65 | — | 65 | ||||||||||||||||||||||
| NEP investment gains – net | — | 1,294 | — | 1,294 | ||||||||||||||||||||||
| Gain on disposal of a business | (406) | — | — | (406) | ||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | — | 58 | — | 58 | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | 105 | 206 | (77) | 234 | ||||||||||||||||||||||
| Adjusted Earnings (Loss) | $ | 4,251 | $ | 2,757 | $ | (567) | $ | 6,441 | ||||||||||||||||||
| Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) | $ | 2.24 | $ | 1.75 | $ | (0.39) | $ | 3.60 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | (1.11) | 0.15 | (0.96) | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | — | (0.08) | — | (0.08) | ||||||||||||||||||||||
| Differential membership interests – related | — | 0.03 | — | 0.03 | ||||||||||||||||||||||
| NEP investment gains – net | — | 0.64 | — | 0.64 | ||||||||||||||||||||||
| Gain on disposal of a business | (0.20) | — | — | (0.20) | ||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | — | 0.03 | — | 0.03 | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | 0.05 | 0.10 | (0.04) | 0.11 | ||||||||||||||||||||||
| Adjusted Earnings (Loss) Per Share | $ | 2.09 | $ | 1.36 | $ | (0.28) | $ | 3.17 | ||||||||||||||||||
| Weighted-average shares outstanding (assuming dilution) | 2,031 | |||||||||||||||||||||||||
| ———————————— | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| (b) | After tax impact by segment is as follows: | FPL | NEER | Corporate and Other | NextEra Energy | ||||||||||||||||||||||||||||||||||||||||||||||||
| Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | ||||||||||||||||||||||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | $ | — | $ | — | $ | (1,729) | $ | (0.85) | $ | 232 | $ | 0.11 | $ | (1,497) | $ | (0.74) | |||||||||||||||||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | $ | — | $ | — | $ | (116) | $ | (0.05) | $ | — | $ | — | $ | (116) | $ | (0.05) | |||||||||||||||||||||||||||||||||||||
| Differential membership interests – related | $ | — | $ | — | $ | 49 | $ | 0.02 | $ | — | $ | — | $ | 49 | $ | 0.02 | |||||||||||||||||||||||||||||||||||||
| NEP investment gains – net | $ | — | $ | — | $ | 963 | $ | 0.47 | $ | — | $ | — | $ | 963 | $ | 0.47 | |||||||||||||||||||||||||||||||||||||
| Gain on disposal of businesses/assets | $ | (300) | $ | (0.15) | $ | (6) | $ | — | $ | — | $ | — | $ | (306) | $ | (0.15) | |||||||||||||||||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | $ | — | $ | — | $ | 38 | $ | 0.02 | $ | — | $ | — | $ | 38 | $ | 0.02 | |||||||||||||||||||||||||||||||||||||
| (c) | Includes the effects of rounding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Preliminary | ||||||||||||||||||||||||||
| Twelve Months Ended December 31, 2022 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| Operating Revenues | $ | 17,282 | $ | 3,720 | $ | (46) | $ | 20,956 | ||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||
| Fuel, purchased power and interchange | 5,688 | 836 | (135) | 6,389 | ||||||||||||||||||||||
| Other operations and maintenance | 1,857 | 2,259 | 312 | 4,428 | ||||||||||||||||||||||
| Depreciation and amortization | 2,695 | 1,722 | 86 | 4,503 | ||||||||||||||||||||||
| Taxes other than income taxes and other – net | 1,752 | 323 | 2 | 2,077 | ||||||||||||||||||||||
| Total operating expenses – net | 11,992 | 5,140 | 265 | 17,397 | ||||||||||||||||||||||
| Gains (losses) on disposal of businesses/assets – net | 4 | 536 | (18) | 522 | ||||||||||||||||||||||
| Operating Income (Loss) | 5,294 | (884) | (329) | 4,081 | ||||||||||||||||||||||
| Other Income (Deductions) | ||||||||||||||||||||||||||
| Interest expense | (768) | (128) | 311 | (585) | ||||||||||||||||||||||
| Equity in earnings (losses) of equity method investees | — | 202 | 1 | 203 | ||||||||||||||||||||||
| Allowance for equity funds used during construction | 105 | 7 | — | 112 | ||||||||||||||||||||||
| Gains (losses) on disposal of investments and other property – net | — | 80 | — | 80 | ||||||||||||||||||||||
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net | — | (461) | — | (461) | ||||||||||||||||||||||
| Other net periodic benefit income | — | — | 202 | 202 | ||||||||||||||||||||||
| Other – net | 17 | 177 | 6 | 200 | ||||||||||||||||||||||
| Total other income (deductions) – net | (646) | (123) | 520 | (249) | ||||||||||||||||||||||
| Income (Loss) before Income Taxes | 4,648 | (1,007) | 191 | 3,832 | ||||||||||||||||||||||
| Income Tax Expense (Benefit) | 947 | (391) | 30 | 586 | ||||||||||||||||||||||
| Net Income (Loss) | 3,701 | (616) | 161 | 3,246 | ||||||||||||||||||||||
| Net Loss Attributable to Noncontrolling Interests | — | 901 | — | 901 | ||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 3,701 | $ | 285 | $ | 161 | $ | 4,147 | ||||||||||||||||||
| Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss): | ||||||||||||||||||||||||||
| Net Income (Loss) Attributable to NextEra Energy, Inc. | $ | 3,701 | $ | 285 | $ | 161 | $ | 4,147 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | 1,641 | (751) | 890 | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | — | 453 | — | 453 | ||||||||||||||||||||||
| Differential membership interests – related | — | 116 | — | 116 | ||||||||||||||||||||||
| NEP investment gains – net | — | (243) | — | (243) | ||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | — | 867 | — | 867 | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | — | (678) | 190 | (488) | ||||||||||||||||||||||
| Adjusted Earnings (Loss) | $ | 3,701 | $ | 2,441 | $ | (400) | $ | 5,742 | ||||||||||||||||||
| Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) | $ | 1.87 | $ | 0.14 | $ | 0.09 | $ | 2.10 | ||||||||||||||||||
Adjustments – pretax:(b) | ||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | — | 0.83 | (0.38) | 0.45 | ||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | — | 0.23 | — | 0.23 | ||||||||||||||||||||||
| Differential membership interests – related | — | 0.06 | — | 0.06 | ||||||||||||||||||||||
| NEP investment gains – net | — | (0.12) | — | (0.12) | ||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | — | 0.44 | — | 0.44 | ||||||||||||||||||||||
Less related income tax expense (benefit)(c) | — | (0.35) | 0.09 | (0.26) | ||||||||||||||||||||||
| Adjusted Earnings (Loss) Per Share | $ | 1.87 | $ | 1.23 | $ | (0.20) | $ | 2.90 | ||||||||||||||||||
| Weighted-average shares outstanding (assuming dilution) | 1,979 | |||||||||||||||||||||||||
| ———————————— | |||||||||||||||||||||||||||||||||||||||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||||||||||||||||||||||||||||||||||||||
| (b) | After tax impact by segment is as follows: | NEER | Corporate and Other | NextEra Energy | |||||||||||||||||||||||||||||||||||||
| Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | Adjusted Earnings | Adjusted EPS | ||||||||||||||||||||||||||||||||||||
| Net losses (gains) associated with non-qualifying hedges | $ | 1,257 | $ | 0.63 | $ | (561) | $ | (0.29) | $ | 696 | $ | 0.34 | |||||||||||||||||||||||||||||
| Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net | $ | 324 | $ | 0.17 | $ | — | $ | — | $ | 324 | $ | 0.17 | |||||||||||||||||||||||||||||
| Differential membership interests – related | $ | 87 | $ | 0.04 | $ | — | $ | — | $ | 87 | $ | 0.04 | |||||||||||||||||||||||||||||
| NEP investment gains – net | $ | (186) | $ | (0.09) | $ | — | $ | — | $ | (186) | $ | (0.09) | |||||||||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | $ | 674 | $ | 0.34 | $ | — | $ | — | $ | 674 | $ | 0.34 | |||||||||||||||||||||||||||||
| (c) | Includes the effects of rounding. | ||||||||||||||||||||||||||||||||||||||||
| NextEra Energy, Inc. | ||||||||||||||||||||||||||
| Condensed Consolidated Balance Sheets | ||||||||||||||||||||||||||
| (millions) (unaudited) | Preliminary | |||||||||||||||||||||||||
| December 31, 2023 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||||
| Current assets: | ||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 57 | $ | 916 | $ | 1,717 | $ | 2,690 | ||||||||||||||||||
| Customer receivables, net of allowances | 1,706 | 1,905 | (2) | 3,609 | ||||||||||||||||||||||
| Other receivables | 319 | 584 | 41 | 944 | ||||||||||||||||||||||
| Materials, supplies and fuel inventory | 1,339 | 763 | 4 | 2,106 | ||||||||||||||||||||||
| Regulatory assets | 1,431 | 28 | 1 | 1,460 | ||||||||||||||||||||||
| Derivatives | 13 | 1,671 | 46 | 1,730 | ||||||||||||||||||||||
| Contract assets | — | 1,487 | — | 1,487 | ||||||||||||||||||||||
| Other | 131 | 1,036 | 168 | 1,335 | ||||||||||||||||||||||
| Total current assets | 4,996 | 8,390 | 1,975 | 15,361 | ||||||||||||||||||||||
| Other assets: | ||||||||||||||||||||||||||
| Property, plant and equipment – net | 70,608 | 55,034 | 134 | 125,776 | ||||||||||||||||||||||
| Special use funds | 6,050 | 2,648 | — | 8,698 | ||||||||||||||||||||||
| Investment in equity method investees | — | 6,145 | 11 | 6,156 | ||||||||||||||||||||||
| Prepaid benefit costs | 1,853 | 5 | 254 | 2,112 | ||||||||||||||||||||||
| Regulatory assets | 4,343 | 226 | 232 | 4,801 | ||||||||||||||||||||||
| Derivatives | 14 | 1,766 | 10 | 1,790 | ||||||||||||||||||||||
| Goodwill | 2,965 | 2,114 | 12 | 5,091 | ||||||||||||||||||||||
| Other | 640 | 6,817 | 247 | 7,704 | ||||||||||||||||||||||
| Total other assets | 86,473 | 74,755 | 900 | 162,128 | ||||||||||||||||||||||
| TOTAL ASSETS | $ | 91,469 | $ | 83,145 | $ | 2,875 | $ | 177,489 | ||||||||||||||||||
| LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||||||||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||||||||
| Commercial paper | $ | 2,374 | $ | — | $ | 2,276 | $ | 4,650 | ||||||||||||||||||
| Other short-term debt | 255 | — | — | 255 | ||||||||||||||||||||||
| Current portion of long-term debt | 1,665 | 1,031 | 4,205 | 6,901 | ||||||||||||||||||||||
| Accounts payable | 977 | 7,547 | (20) | 8,504 | ||||||||||||||||||||||
| Customer deposits | 610 | 28 | — | 638 | ||||||||||||||||||||||
| Accrued interest and taxes | 661 | 380 | (71) | 970 | ||||||||||||||||||||||
| Derivatives | 9 | 813 | 23 | 845 | ||||||||||||||||||||||
| Accrued construction-related expenditures | 486 | 1,375 | — | 1,861 | ||||||||||||||||||||||
| Regulatory liabilities | 335 | 4 | 1 | 340 | ||||||||||||||||||||||
| Other | 704 | 1,908 | 387 | 2,999 | ||||||||||||||||||||||
| Total current liabilities | 8,076 | 13,086 | 6,801 | 27,963 | ||||||||||||||||||||||
| Other liabilities and deferred credits: | ||||||||||||||||||||||||||
| Long-term debt | 23,609 | 10,795 | 27,001 | 61,405 | ||||||||||||||||||||||
| Asset retirement obligations | 2,143 | 1,260 | — | 3,403 | ||||||||||||||||||||||
| Deferred income taxes | 8,542 | 3,776 | (2,176) | 10,142 | ||||||||||||||||||||||
| Regulatory liabilities | 9,893 | 156 | — | 10,049 | ||||||||||||||||||||||
| Derivatives | 6 | 2,224 | 511 | 2,741 | ||||||||||||||||||||||
| Other | 365 | 2,100 | 297 | 2,762 | ||||||||||||||||||||||
| Total other liabilities and deferred credits | 44,558 | 20,311 | 25,633 | 90,502 | ||||||||||||||||||||||
| TOTAL LIABILITIES | 52,634 | 33,397 | 32,434 | 118,465 | ||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES | ||||||||||||||||||||||||||
| REDEEMABLE NONCONTROLLING INTERESTS | — | 1,256 | — | 1,256 | ||||||||||||||||||||||
| EQUITY | ||||||||||||||||||||||||||
| Common stock | 1,373 | — | (1,352) | 21 | ||||||||||||||||||||||
| Additional paid-in capital | 23,470 | 14,154 | (20,259) | 17,365 | ||||||||||||||||||||||
| Retained earnings | 13,992 | 24,115 | (7,872) | 30,235 | ||||||||||||||||||||||
| Accumulated other comprehensive loss | — | (77) | (76) | (153) | ||||||||||||||||||||||
| Total common shareholders' equity | 38,835 | 38,192 | (29,559) | 47,468 | ||||||||||||||||||||||
| Noncontrolling interests | — | 10,300 | — | 10,300 | ||||||||||||||||||||||
| TOTAL EQUITY | 38,835 | 48,492 | (29,559) | 57,768 | ||||||||||||||||||||||
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | $ | 91,469 | $ | 83,145 | $ | 2,875 | $ | 177,489 | ||||||||||||||||||
| ———————————— | |||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||
| NextEra Energy, Inc. | ||||||||||||||||||||||||||
| Condensed Consolidated Balance Sheets | Preliminary | |||||||||||||||||||||||||
| (millions) | ||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||
| December 31, 2022 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||||
| Current assets: | ||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 25 | $ | 731 | $ | 845 | $ | 1,601 | ||||||||||||||||||
| Customer receivables, net of allowances | 1,739 | 2,611 | (1) | 4,349 | ||||||||||||||||||||||
| Other receivables | 332 | 393 | 19 | 744 | ||||||||||||||||||||||
| Materials, supplies and fuel inventory | 1,159 | 775 | — | 1,934 | ||||||||||||||||||||||
| Regulatory assets | 2,155 | 10 | — | 2,165 | ||||||||||||||||||||||
| Derivatives | 19 | 1,501 | 70 | 1,590 | ||||||||||||||||||||||
| Contract Assets | — | 318 | — | 318 | ||||||||||||||||||||||
| Other | 124 | 559 | 106 | 789 | ||||||||||||||||||||||
| Total current assets | 5,553 | 6,898 | 1,039 | 13,490 | ||||||||||||||||||||||
| Other assets: | ||||||||||||||||||||||||||
| Property, plant and equipment – net | 64,693 | 45,840 | 526 | 111,059 | ||||||||||||||||||||||
| Special use funds | 5,221 | 2,275 | — | 7,496 | ||||||||||||||||||||||
| Investment in equity method investees | — | 6,572 | 10 | 6,582 | ||||||||||||||||||||||
| Prepaid benefit costs | 1,732 | 3 | 97 | 1,832 | ||||||||||||||||||||||
| Regulatory assets | 5,484 | 218 | 290 | 5,992 | ||||||||||||||||||||||
| Derivatives | 10 | 1,922 | 3 | 1,935 | ||||||||||||||||||||||
| Goodwill | 2,989 | 1,854 | 11 | 4,854 | ||||||||||||||||||||||
| Other | 877 | 5,131 | (313) | 5,695 | ||||||||||||||||||||||
| Total other assets | 81,006 | 63,815 | 624 | 145,445 | ||||||||||||||||||||||
| TOTAL ASSETS | $ | 86,559 | $ | 70,713 | $ | 1,663 | $ | 158,935 | ||||||||||||||||||
| LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | ||||||||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||||||||
| Commercial paper | $ | 1,709 | $ | — | $ | — | $ | 1,709 | ||||||||||||||||||
| Other short-term debt | 200 | 68 | 1,100 | 1,368 | ||||||||||||||||||||||
| Current portion of long-term debt | 1,547 | 694 | 4,392 | 6,633 | ||||||||||||||||||||||
| Accounts payable | 1,377 | 6,919 | 16 | 8,312 | ||||||||||||||||||||||
| Customer deposits | 543 | 17 | — | 560 | ||||||||||||||||||||||
| Accrued interest and taxes | 362 | 236 | 121 | 719 | ||||||||||||||||||||||
| Derivatives | 12 | 2,005 | 85 | 2,102 | ||||||||||||||||||||||
| Accrued construction-related expenditures | 559 | 1,201 | — | 1,760 | ||||||||||||||||||||||
| Regulatory liabilities | 349 | 1 | — | 350 | ||||||||||||||||||||||
| Other | 1,185 | 1,574 | 423 | 3,182 | ||||||||||||||||||||||
| Total current liabilities | 7,843 | 12,715 | 6,137 | 26,695 | ||||||||||||||||||||||
| Other liabilities and deferred credits: | ||||||||||||||||||||||||||
| Long-term debt | 19,455 | 8,357 | 27,444 | 55,256 | ||||||||||||||||||||||
| Asset retirement obligations | 2,108 | 1,137 | — | 3,245 | ||||||||||||||||||||||
| Deferred income taxes | 8,376 | 2,594 | (1,898) | 9,072 | ||||||||||||||||||||||
| Regulatory liabilities | 9,458 | 157 | 11 | 9,626 | ||||||||||||||||||||||
| Derivatives | 1 | 2,755 | 153 | 2,909 | ||||||||||||||||||||||
| Other | 398 | 2,104 | 194 | 2,696 | ||||||||||||||||||||||
| Total other liabilities and deferred credits | 39,796 | 17,104 | 25,904 | 82,804 | ||||||||||||||||||||||
| TOTAL LIABILITIES | 47,639 | 29,819 | 32,041 | 109,499 | ||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES | ||||||||||||||||||||||||||
| REDEEMABLE NONCONTROLLING INTERESTS | — | 1,110 | — | 1,110 | ||||||||||||||||||||||
| EQUITY | ||||||||||||||||||||||||||
| Common stock | 1,373 | — | (1,353) | 20 | ||||||||||||||||||||||
| Additional paid-in capital | 23,561 | 10,238 | (21,079) | 12,720 | ||||||||||||||||||||||
| Retained earnings | 13,986 | 20,557 | (7,836) | 26,707 | ||||||||||||||||||||||
| Accumulated other comprehensive loss | — | (108) | (110) | (218) | ||||||||||||||||||||||
| Total common shareholders' equity | 38,920 | 30,687 | (30,378) | 39,229 | ||||||||||||||||||||||
| Noncontrolling interests | — | 9,097 | — | 9,097 | ||||||||||||||||||||||
| TOTAL EQUITY | 38,920 | 39,784 | (30,378) | 48,326 | ||||||||||||||||||||||
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | $ | 86,559 | $ | 70,713 | $ | 1,663 | $ | 158,935 | ||||||||||||||||||
| ———————————— | |||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||
| Preliminary | ||||||||||||||||||||||||||
| Twelve Months Ended December 31, 2023 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| Cash Flows From Operating Activities | ||||||||||||||||||||||||||
| Net income (loss) | $ | 4,552 | $ | 2,530 | $ | (800) | $ | 6,282 | ||||||||||||||||||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||||||||||||||||||
| Depreciation and amortization | 3,789 | 2,009 | 81 | 5,879 | ||||||||||||||||||||||
| Nuclear fuel and other amortization | 158 | 83 | 31 | 272 | ||||||||||||||||||||||
| Unrealized losses (gains) on marked to market derivative contracts – net | — | (2,273) | 324 | (1,949) | ||||||||||||||||||||||
| Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net | — | (159) | — | (159) | ||||||||||||||||||||||
| Foreign currency transaction losses (gains) | — | (3) | 95 | 92 | ||||||||||||||||||||||
| Deferred income taxes | (161) | 1,002 | (133) | 708 | ||||||||||||||||||||||
| Cost recovery clauses and franchise fees | 1,104 | — | — | 1,104 | ||||||||||||||||||||||
| Equity in losses (earnings) of equity method investees | — | 649 | (1) | 648 | ||||||||||||||||||||||
| Distributions of earnings from equity method investees | — | 712 | — | 712 | ||||||||||||||||||||||
| Losses (gains) on disposal of businesses, assets and investments - net | (407) | (122) | (1) | (530) | ||||||||||||||||||||||
| Recoverable storm-related costs | (399) | — | — | (399) | ||||||||||||||||||||||
| Other – net | (27) | (38) | 99 | 34 | ||||||||||||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||||||||||||||
| Current assets | (200) | 411 | (153) | 58 | ||||||||||||||||||||||
| Noncurrent assets | (185) | (143) | (80) | (408) | ||||||||||||||||||||||
| Current liabilities | 60 | (1,010) | (159) | (1,109) | ||||||||||||||||||||||
| Noncurrent liabilities | 12 | (109) | 163 | 66 | ||||||||||||||||||||||
| Net cash provided by (used in) operating activities | 8,296 | 3,539 | (534) | 11,301 | ||||||||||||||||||||||
| Cash Flows From Investing Activities | ||||||||||||||||||||||||||
| Capital expenditures of FPL | (9,302) | — | — | (9,302) | ||||||||||||||||||||||
| Independent power and other investments of NEER | — | (15,565) | — | (15,565) | ||||||||||||||||||||||
| Nuclear fuel purchases | (98) | (87) | — | (185) | ||||||||||||||||||||||
| Other capital expenditures | — | — | (61) | (61) | ||||||||||||||||||||||
| Proceeds from the sale of Florida City Gas business | 924 | — | — | 924 | ||||||||||||||||||||||
| Sale of independent power and other investments of NEER | — | 1,883 | — | 1,883 | ||||||||||||||||||||||
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,730 | 990 | 155 | 4,875 | ||||||||||||||||||||||
| Purchases of securities in special use funds and other investments | (3,754) | (1,440) | (732) | (5,926) | ||||||||||||||||||||||
| Other – net | (15) | (514) | 419 | (110) | ||||||||||||||||||||||
| Net cash used in investing activities | (8,515) | (14,733) | (219) | (23,467) | ||||||||||||||||||||||
| Cash Flows From Financing Activities | ||||||||||||||||||||||||||
| Issuances of long-term debt, including premiums and discounts | 5,678 | 3,532 | 4,647 | 13,857 | ||||||||||||||||||||||
| Retirements of long-term debt | (1,548) | (618) | (5,812) | (7,978) | ||||||||||||||||||||||
| Proceeds from differential membership investors | — | 2,745 | — | 2,745 | ||||||||||||||||||||||
| Net change in commercial paper | 665 | — | 2,276 | 2,941 | ||||||||||||||||||||||
| Proceeds from other short-term debt | 55 | — | 1,925 | 1,980 | ||||||||||||||||||||||
| Repayments of other short-term debt | — | (38) | (2,575) | (2,613) | ||||||||||||||||||||||
| Payments from related parties under a cash sweep and credit support agreement – net | — | 1,213 | — | 1,213 | ||||||||||||||||||||||
| Issuances of common stock/equity units – net | — | — | 4,514 | 4,514 | ||||||||||||||||||||||
| Dividends on common stock | — | — | (3,782) | (3,782) | ||||||||||||||||||||||
| Dividends & capital distributions from (to) parent – net | (4,545) | 3,863 | 682 | — | ||||||||||||||||||||||
| Other – net | (72) | (407) | (249) | (728) | ||||||||||||||||||||||
| Net cash provided by financing activities | 233 | 10,290 | 1,626 | 12,149 | ||||||||||||||||||||||
| Effects of currency translation on cash, cash equivalents and restricted cash | — | (4) | — | (4) | ||||||||||||||||||||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 14 | (908) | 873 | (21) | ||||||||||||||||||||||
| Cash, cash equivalents and restricted cash at beginning of year | 58 | 2,533 | 850 | 3,441 | ||||||||||||||||||||||
| Cash, cash equivalents and restricted cash at end of year | $ | 72 | $ | 1,625 | $ | 1,723 | $ | 3,420 | ||||||||||||||||||
| ———————————— | |||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||
| Preliminary | ||||||||||||||||||||||||||
| Twelve Months Ended December 31, 2022 | FPL | NEER | Corporate and Other(a) | NextEra Energy | ||||||||||||||||||||||
| Cash Flows From Operating Activities | ||||||||||||||||||||||||||
| Net income (loss) | $ | 3,701 | $ | (616) | $ | 161 | $ | 3,246 | ||||||||||||||||||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||||||||||||||||||
| Depreciation and amortization | 2,695 | 1,722 | 86 | 4,503 | ||||||||||||||||||||||
| Nuclear fuel and other amortization | 177 | 72 | 38 | 287 | ||||||||||||||||||||||
| Unrealized losses (gains) on marked to market derivative contracts – net | — | 1,792 | (414) | 1,378 | ||||||||||||||||||||||
| Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net | — | 461 | — | 461 | ||||||||||||||||||||||
| Foreign currency transaction losses (gains) | — | (6) | (98) | (104) | ||||||||||||||||||||||
| Deferred income taxes | 942 | (453) | 45 | 534 | ||||||||||||||||||||||
| Cost recovery clauses and franchise fees | (1,465) | — | — | (1,465) | ||||||||||||||||||||||
| Equity in losses (earnings) of equity method investees | — | (202) | (1) | (203) | ||||||||||||||||||||||
| Distributions of earnings from equity method investees | — | 541 | — | 541 | ||||||||||||||||||||||
| Losses (gains) on disposal of businesses, assets and investments – net | (4) | (616) | 18 | (602) | ||||||||||||||||||||||
| Recoverable storm-related costs | (811) | — | — | (811) | ||||||||||||||||||||||
| Other – net | 20 | (46) | 111 | 85 | ||||||||||||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||||||||||||||
| Current assets | (534) | (549) | (257) | (1,340) | ||||||||||||||||||||||
| Noncurrent assets | (73) | 24 | (40) | (89) | ||||||||||||||||||||||
| Current liabilities | 175 | 1,220 | 307 | 1,702 | ||||||||||||||||||||||
| Noncurrent liabilities | 71 | (35) | 103 | 139 | ||||||||||||||||||||||
| Net cash provided by (used in) operating activities | 4,894 | 3,309 | 59 | 8,262 | ||||||||||||||||||||||
| Cash Flows From Investing Activities | ||||||||||||||||||||||||||
| Capital expenditures of FPL | (9,067) | — | — | (9,067) | ||||||||||||||||||||||
| Independent power and other investments of NEER | — | (9,541) | — | (9,541) | ||||||||||||||||||||||
| Nuclear fuel purchases | (118) | (104) | (1) | (223) | ||||||||||||||||||||||
| Other capital expenditures | — | — | (452) | (452) | ||||||||||||||||||||||
| Sale of independent power and other investments of NEER | — | 1,564 | — | 1,564 | ||||||||||||||||||||||
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,437 | 1,085 | 335 | 3,857 | ||||||||||||||||||||||
| Purchases of securities in special use funds and other investments | (2,607) | (1,612) | (367) | (4,586) | ||||||||||||||||||||||
| Other – net | (3) | (74) | 166 | 89 | ||||||||||||||||||||||
| Net cash used in investing activities | (9,358) | (8,682) | (319) | (18,359) | ||||||||||||||||||||||
| Cash Flows From Financing Activities | ||||||||||||||||||||||||||
| Issuances of long-term debt, including premiums and discounts | 2,942 | 2,289 | 8,625 | 13,856 | ||||||||||||||||||||||
| Retirements of long-term debt | (441) | (592) | (3,492) | (4,525) | ||||||||||||||||||||||
| Proceeds from differential membership investors | — | 4,158 | — | 4,158 | ||||||||||||||||||||||
| Net change in commercial paper | 327 | — | — | 327 | ||||||||||||||||||||||
| Proceeds from other short-term debt | — | 30 | 1,725 | 1,755 | ||||||||||||||||||||||
| Repayments of other short-term debt | — | — | (1,125) | (1,125) | ||||||||||||||||||||||
| Payments from related parties under a cash sweep and credit support agreement – net | — | 240 | — | 240 | ||||||||||||||||||||||
| Issuances of common stock/equity units – net | — | — | 1,460 | 1,460 | ||||||||||||||||||||||
| Dividends on common stock | — | — | (3,352) | (3,352) | ||||||||||||||||||||||
| Dividends & capital distributions from (to) parent – net | 1,625 | 736 | (2,361) | — | ||||||||||||||||||||||
| Other – net | (39) | (132) | (394) | (565) | ||||||||||||||||||||||
| Net cash provided by financing activities | 4,414 | 6,729 | 1,086 | 12,229 | ||||||||||||||||||||||
| Effects of currency translation on cash, cash equivalents and restricted cash | — | (7) | — | (7) | ||||||||||||||||||||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | (50) | 1,349 | 826 | 2,125 | ||||||||||||||||||||||
| Cash, cash equivalents and restricted cash at beginning of year | 108 | 1,184 | 24 | 1,316 | ||||||||||||||||||||||
| Cash, cash equivalents and restricted cash at end of year | $ | 58 | $ | 2,533 | $ | 850 | $ | 3,441 | ||||||||||||||||||
| ———————————— | |||||
| (a) | Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||
| Preliminary | ||||||||||||||||||||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year-To-Date | ||||||||||||||||||||||||||||
| 2022 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. | $ | (0.23) | $ | 0.70 | $ | 0.86 | $ | 0.76 | $ | 2.10 | ||||||||||||||||||||||
| FPL – 2022 Earnings Per Share | $ | 0.44 | $ | 0.50 | $ | 0.54 | $ | 0.38 | $ | 1.87 | ||||||||||||||||||||||
| New investment growth | 0.06 | 0.06 | 0.06 | 0.06 | 0.23 | |||||||||||||||||||||||||||
| Gain on disposal of a business | — | — | — | 0.15 | 0.15 | |||||||||||||||||||||||||||
| Other and share dilution | 0.03 | 0.01 | (0.02) | (0.03) | (0.01) | |||||||||||||||||||||||||||
| FPL – 2023 Earnings Per Share | $ | 0.53 | $ | 0.57 | $ | 0.58 | $ | 0.56 | $ | 2.24 | ||||||||||||||||||||||
| NEER – 2022 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. | $ | (0.76) | $ | 0.07 | $ | 0.33 | $ | 0.50 | $ | 0.14 | ||||||||||||||||||||||
| New investments | 0.07 | 0.10 | 0.11 | 0.07 | 0.35 | |||||||||||||||||||||||||||
| Existing clean energy | (0.03) | (0.05) | (0.02) | — | (0.11) | |||||||||||||||||||||||||||
| Gas infrastructure | (0.01) | — | 0.01 | (0.01) | (0.01) | |||||||||||||||||||||||||||
| Customer supply and proprietary power & gas trading | 0.06 | 0.08 | 0.04 | (0.02) | 0.16 | |||||||||||||||||||||||||||
| Non-qualifying hedges impact | 1.03 | 0.50 | (0.05) | 0.03 | 1.48 | |||||||||||||||||||||||||||
| NEP investment gains – net | 0.03 | — | (0.49) | (0.11) | (0.56) | |||||||||||||||||||||||||||
| Change in unrealized gains (losses) on securities held in NEER's nuclear decommissioning funds and OTTI – net | 0.08 | 0.11 | 0.03 | 0.02 | 0.22 | |||||||||||||||||||||||||||
| Impairment charges related to investment in Mountain Valley Pipeline | 0.30 | — | 0.01 | 0.01 | 0.32 | |||||||||||||||||||||||||||
| Other, including interest expense, corporate general and administrative expenses and share dilution | (0.05) | (0.09) | (0.08) | (0.06) | (0.24) | |||||||||||||||||||||||||||
| NEER – 2023 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. | $ | 0.72 | $ | 0.72 | $ | (0.11) | $ | 0.43 | $ | 1.75 | ||||||||||||||||||||||
| Corporate and Other – 2022 Earnings (Loss) Per Share | $ | 0.09 | $ | 0.13 | $ | (0.01) | $ | (0.12) | $ | 0.09 | ||||||||||||||||||||||
| Non-qualifying hedges impact | (0.27) | — | 0.15 | (0.28) | (0.40) | |||||||||||||||||||||||||||
| Other, including interest expense and share dilution | (0.03) | (0.04) | (0.01) | — | (0.08) | |||||||||||||||||||||||||||
| Corporate and Other – 2023 Earnings (Loss) Per Share | $ | (0.21) | $ | 0.09 | $ | 0.13 | $ | (0.40) | $ | (0.39) | ||||||||||||||||||||||
| 2023 Earnings Per Share Attributable to NextEra Energy, Inc. | $ | 1.04 | $ | 1.38 | $ | 0.60 | $ | 0.59 | $ | 3.60 | ||||||||||||||||||||||
| Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other. | ||||||||||||||||||||||||||||||||
| The sum of the quarterly amounts may not equal the total for the year due to rounding. | ||||||||||||||||||||||||||||||||