10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 17, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| OPERATING REVENUES | $ 20,956 | 17,069 | 17,997 |
| OPERATING EXPENSES | |||
| Fuel, purchased power and interchange | 6,389 | 4,527 | 3,539 |
| Other operations and maintenance | 4,428 | 3,981 | 3,934 |
| Depreciation and amortization | 4,503 | 3,924 | 4,052 |
| Taxes other than income taxes and other net | 2,077 | 1,801 | 1,709 |
| Total operating expenses net | 17,397 | 14,233 | 13,234 |
| GAINS ON DISPOSAL OF BUSINESSES/ASSETS NET | 522 | 77 | 353 |
| OPERATING INCOME | 4,081 | 2,913 | 5,116 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest Expense | (585) | (1,270) | (1,950) |
| Equity in earnings (losses) of equity method investees | 203 | 666 | (1,351) |
| Allowance for equity funds used during construction | 112 | 142 | 93 |
| Gains on disposal of investments and other property net | 80 | 70 | 50 |
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds net | (461) | 267 | 163 |
| Other net periodic benefit income | 202 | 257 | 200 |
| Other net | 200 | 130 | 92 |
| Total other income (deductions) net | (249) | 262 | (2,703) |
| INCOME BEFORE INCOME TAXES | 3,832 | 3,175 | 2,413 |
| INCOME TAXES | 586 | 348 | 44 |
| NET INCOME | 3,246 | 2,827 | 2,369 |
| NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 901 | 746 | 550 |
| NET INCOME ATTRIBUTABLE TO NEE | 4,147 | 3,573 | 2,919 |
| Earnings per share attributable to NEE: | |||
| Basic | 2.10 | 1.82 | 1.49 |
| Assuming dilution | 2.10 | 1.81 | 1.48 |
| Legal Entity | |||
| FPL | |||
| OPERATING REVENUES | 17,282 | 14,102 | 13,060 |
| Fuel, purchased power and interchange | 5,688 | 3,956 | 3,060 |
| Other operations and maintenance | 1,857 | 1,831 | 1,890 |
| Depreciation and amortization | 2,695 | 2,266 | 2,526 |
| Taxes other than income taxes and other net | 1,748 | 1,533 | 1,464 |
| Total operating expenses net | 11,988 | 9,586 | 8,940 |
| OPERATING INCOME | 5,294 | 4,516 | 4,120 |
| Interest Expense | (768) | (615) | (641) |
| Allowance for equity funds used during construction | 105 | 132 | 87 |
| Other net | 17 | 11 | 2 |
| Total other income (deductions) net | (646) | (472) | (552) |
| INCOME BEFORE INCOME TAXES | 4,648 | 4,044 | 3,568 |
| INCOME TAXES | 947 | 838 | 678 |
| NET INCOME | 3,701 | 3,206 | 2,890 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 17, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net income (loss) | $ 3,246 | 2,827 | 2,369 |
| Reclassification of unrealized losses on cash flow hedges from accumulated other comprehensive income (loss) to net income | 6 | 6 | 12 |
| Net unrealized gains (losses) on securities still held | (84) | (11) | 12 |
| Reclassification from accumulated other comprehensive income (loss) to net income | 10 | (4) | (3) |
| Defined benefit pension and other benefits plans: | |||
| Net unrealized gain (loss) and unrecognized prior service benefit (cost) | (133) | 95 | 37 |
| Reclassification from accumulated other comprehensive income (loss) to net income | 7 | 5 | 2 |
| Net unrealized gains (losses) on foreign currency translation | (44) | (1) | 13 |
| Other comprehensive income related to equity method investee | 1 | 1 | 1 |
| Total other comprehensive income (loss), net of tax | (237) | 91 | 74 |
| IMPACT OF DISPOSAL OF A BUSINESS | 0 | 0 | 10 |
| COMPREHENSIVE INCOME | 3,009 | 2,918 | 2,453 |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 920 | 747 | 543 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NEE | 3,929 | 3,665 | 2,996 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 17, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 3,246 | 2,827 | 2,369 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,503 | 3,924 | 4,052 |
| Nuclear fuel and other amortization | 287 | 290 | 263 |
| Unrealized losses on marked to market derivative contracts net | 1,378 | 2,005 | 533 |
| Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds net | 461 | (267) | (163) |
| Foreign currency transaction losses (gains) | (104) | (94) | 45 |
| Deferred income taxes | 534 | 436 | (78) |
| Cost recovery clauses and franchise fees | (1,465) | (599) | (121) |
| Equity in losses (earnings) of equity method investees | (203) | (666) | 1,351 |
| Distributions of earnings from equity method investees | 541 | 526 | 456 |
| Gains on disposal of businesses, assets and investments net | (602) | (146) | (403) |
| Recoverable storm-related costs | (811) | (138) | (69) |
| Other net | 85 | (59) | 352 |
| Changes in operating assets and liabilities: | |||
| Current assets | (1,340) | (1,267) | (364) |
| Noncurrent assets | (89) | (324) | (234) |
| Current liabilities | 1,702 | 1,053 | (6) |
| Noncurrent liabilities | 139 | 52 | 0 |
| Net cash provided by operating activities | 8,262 | 7,553 | 7,983 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (9,067) | (7,408) | (7,489) |
| Independent power and other investments of NEER | (9,541) | (8,247) | (6,851) |
| Nuclear fuel purchases | (223) | (275) | (245) |
| Other capital expenditures | (452) | (147) | (25) |
| Sale of independent power and other investments of NEER | 1,564 | 2,761 | 1,012 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,857 | 4,995 | 3,916 |
| Purchases of securities in special use funds and other investments | (4,586) | (5,310) | (4,100) |
| Other net | 89 | 40 | 83 |
| Net cash used in investing activities | (18,359) | (13,591) | (13,699) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt, including premiums and discounts | 13,856 | 16,683 | 12,404 |
| Retirements of long-term debt | (4,525) | (9,594) | (6,103) |
| Proceeds from differential membership investors | 4,158 | 2,779 | 3,522 |
| Net change in commercial paper | 327 | (169) | (965) |
| Proceeds from other short-term debt | 1,755 | 0 | 2,158 |
| Repayments of other short-term debt | (1,125) | (257) | (2,100) |
| Payments from (to) related parties under a cash sweep and credit support agreement net | 240 | 47 | (2) |
| Issuances of common stock/equity units net | 1,460 | 14 | |
| Payments of common stock/equity units - net | (92) | ||
| Proceeds from sale of noncontrolling interests | 0 | 65 | 501 |
| Dividends on common stock | (3,352) | (3,024) | (2,743) |
| Other net | (565) | (737) | (406) |
| Net cash provided by financing activities | 12,229 | 5,807 | 6,174 |
| Effects of currency translation on cash, cash equivalents and restricted cash | (7) | 1 | (20) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,125 | (230) | 438 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,316 | 1,546 | |
| Cash, cash equivalents and restricted cash at end of year | 3,441 | 1,316 | 1,546 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,375 | 1,323 | 1,432 |
| Cash paid (received) for income taxes net | (32) | (69) | 235 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 6,005 | 4,995 | 4,445 |
| Decrease in property, plant and equipment - net and contract liabilities | 668 | 155 | 0 |
| Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | 204 | 120 | 90 |
| Increase in property, plant and equipment related to an acquisition | 0 | 0 | 68 |
| Decrease in joint venture investments related to an acquisition | 0 | 0 | 145 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 3,701 | 3,206 | 2,890 |
| Depreciation and amortization | 2,695 | 2,266 | 2,526 |
| Nuclear fuel and other amortization | 177 | 174 | 167 |
| Deferred income taxes | 942 | 752 | 629 |
| Cost recovery clauses and franchise fees | (1,465) | (599) | (121) |
| Recoverable storm-related costs | (811) | (138) | (69) |
| Other net | 16 | (157) | 35 |
| Current assets | (534) | (49) | (164) |
| Noncurrent assets | (73) | (114) | (77) |
| Current liabilities | 175 | 20 | 31 |
| Noncurrent liabilities | 71 | (3) | (31) |
| Net cash provided by operating activities | 4,894 | 5,358 | 5,816 |
| Capital expenditures | (9,067) | (7,411) | (7,476) |
| Nuclear fuel purchases | (118) | (159) | (203) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,437 | 3,308 | 2,488 |
| Purchases of securities in special use funds and other investments | (2,607) | (3,394) | (2,567) |
| Other net | (3) | 15 | 65 |
| Net cash used in investing activities | (9,358) | (7,641) | (7,693) |
| Issuances of long-term debt, including premiums and discounts | 2,942 | 2,588 | 3,003 |
| Retirements of long-term debt | (441) | (1,304) | (1,603) |
| Net change in commercial paper | 327 | (169) | (123) |
| Capital contributions from NEE | 3,625 | 1,700 | 2,750 |
| Dividends on common stock | (2,000) | (540) | (2,210) |
| Other net | (39) | (44) | (44) |
| Net cash provided by financing activities | 4,414 | 2,231 | 1,773 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (50) | (52) | (104) |
| Cash, cash equivalents and restricted cash at beginning of year | 58 | 160 | 160 |
| Cash, cash equivalents and restricted cash at end of year | 58 | 160 | 160 |
| Cash paid for interest (net of amount capitalized) | 707 | 586 | 620 |
| Cash paid (received) for income taxes net | 22 | (1) | 105 |
| Accrued property additions | 1,024 | 1,107 | 698 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NEXTERA ENERGY INC | ||
Ticker: NEE Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 17, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Current assets: | ||
| Cash and cash equivalents | $ 1,601 | 639 |
| Customer receivables, net | 4,349 | 3,378 |
| Other receivables | 744 | 730 |
| Materials, supplies and fuel inventory | 1,934 | 1,561 |
| Regulatory assets | 2,165 | 1,125 |
| Derivatives | 1,590 | 689 |
| Other | 1,107 | 1,166 |
| Total current assets | 13,490 | 9,288 |
| Other assets: | ||
| Property, plant and equipment net | 111,059 | 99,348 |
| Special use funds | 7,496 | 8,922 |
| Investment in equity method investees | 6,582 | 6,159 |
| Prepaid benefit costs | 1,832 | 2,243 |
| Regulatory assets | 5,992 | 4,578 |
| Derivatives | 1,935 | 1,135 |
| Goodwill | 4,854 | 4,844 |
| Other | 5,695 | 4,395 |
| Total other assets | 145,445 | 131,624 |
| TOTAL ASSETS | 158,935 | 140,912 |
| Current liabilities: | ||
| Commercial paper | 1,709 | 1,382 |
| Other short-term debt | 1,368 | 700 |
| Current portion of long-term debt | 6,633 | 1,785 |
| Accounts payable | 8,312 | 6,935 |
| Customer deposits | 560 | 485 |
| Accrued interest and taxes | 719 | 525 |
| Derivatives | 2,102 | 1,263 |
| Accrued construction-related expenditures | 1,760 | 1,378 |
| Regulatory liabilities | 350 | 289 |
| Other | 3,182 | 2,695 |
| Total current liabilities | 26,695 | 17,437 |
| Other liabilities and deferred credits: | ||
| Long-term debt | 55,256 | 50,960 |
| Asset retirement obligations | 3,245 | 3,082 |
| Deferred income taxes | 9,072 | 8,310 |
| Regulatory liabilities | 9,626 | 11,273 |
| Derivatives | 2,909 | 1,713 |
| Other | 2,696 | 2,468 |
| Total other liabilities and deferred credits | 82,804 | 77,806 |
| TOTAL LIABILITIES | 109,499 | 95,243 |
| COMMITMENTS AND CONTINGENCIES | ||
| REDEEMABLE NONCONTROLLING INTERESTS VIEs | 1,110 | 245 |
| EQUITY | ||
| Common stock | 20 | 20 |
| Additional paid-in capital | 12,720 | 11,271 |
| Retained earnings | 26,707 | 25,911 |
| Accumulated other comprehensive loss | (218) | 0 |
| Total common shareholders' equity | 39,229 | 37,202 |
| Noncontrolling interests | 9,097 | 8,222 |
| TOTAL EQUITY | 48,326 | 45,424 |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 158,935 | 140,912 |
| Legal Entity | ||
| FPL | ||
| Cash and cash equivalents | 25 | 55 |
| Customer receivables, net | 1,739 | 1,297 |
| Other receivables | 332 | 350 |
| Materials, supplies and fuel inventory | 1,159 | 963 |
| Regulatory assets | 2,155 | 1,111 |
| Derivatives | 19 | 13 |
| Other | 143 | 142 |
| Total current assets | 5,553 | 3,918 |
| Electric utility plant and other property net | 64,693 | 58,227 |
| Special use funds | 5,221 | 6,158 |
| Prepaid benefit costs | 1,732 | 1,657 |
| Regulatory assets | 5,484 | 4,343 |
| Derivatives | 10 | |
| Goodwill | 2,989 | 2,989 |
| Other | 887 | 775 |
| Total other assets | 81,006 | 74,149 |
| TOTAL ASSETS | 86,559 | 78,067 |
| Commercial paper | 1,709 | 1,382 |
| Other short-term debt | 200 | 200 |
| Current portion of long-term debt | 1,547 | 536 |
| Accounts payable | 1,377 | 1,318 |
| Customer deposits | 543 | 478 |
| Accrued interest and taxes | 362 | 322 |
| Derivatives | 12 | 9 |
| Accrued construction-related expenditures | 559 | 601 |
| Regulatory liabilities | 349 | 278 |
| Other | 1,197 | 643 |
| Total current liabilities | 7,843 | 5,758 |
| Long-term debt | 19,455 | 17,974 |
| Asset retirement obligations | 2,108 | 2,049 |
| Deferred income taxes | 8,376 | 7,137 |
| Regulatory liabilities | 9,458 | 11,053 |
| Derivatives | 1 | 1 |
| Other | 399 | 502 |
| Total other liabilities and deferred credits | 39,796 | 38,715 |
| TOTAL LIABILITIES | 47,639 | 44,473 |
| COMMITMENTS AND CONTINGENCIES | ||
| Common stock | 1,373 | 1,373 |
| Additional paid-in capital | 23,561 | 19,936 |
| Retained earnings | 13,986 | 12,285 |
| TOTAL EQUITY | 38,920 | 33,594 |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 86,559 | 78,067 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |