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: 2020 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| OPERATING REVENUES | $ 17,997 | 19,204 | 16,727 |
| OPERATING EXPENSES | |||
| Fuel, purchased power and interchange | 3,539 | 4,363 | 3,732 |
| Other operations and maintenance | 3,751 | 3,640 | 3,330 |
| Storm restoration costs | 183 | 234 | 3 |
| Depreciation and amortization | 4,052 | 4,216 | 3,911 |
| Taxes other than income taxes and other - net | 1,709 | 1,804 | 1,551 |
| Total operating expenses - net | 13,234 | 14,257 | 12,527 |
| GAINS ON DISPOSAL OF BUSINESSES/ASSETS - NET | 353 | 406 | 80 |
| OPERATING INCOME | 5,116 | 5,353 | 4,280 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest Expense | (1,950) | (2,249) | (1,498) |
| Equity in earnings (losses) of equity method investees | (1,351) | 66 | 358 |
| Allowance for equity funds used during construction | 93 | 67 | 96 |
| Interest income | 38 | 54 | 51 |
| Gain on NEP deconsolidation | 0 | 0 | 3,927 |
| Gains on disposal of investments and other property - net | 50 | 55 | 111 |
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net | 163 | 238 | (189) |
| Other net periodic benefit income | 200 | 185 | 168 |
| Other - net | 54 | 67 | 48 |
| Total other income (deductions) - net | (2,703) | (1,517) | 3,072 |
| INCOME BEFORE INCOME TAXES | 2,413 | 3,836 | 7,352 |
| INCOME TAXES | 44 | 448 | 1,576 |
| NET INCOME | 2,369 | 3,388 | 5,776 |
| NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 550 | 381 | 862 |
| NET INCOME ATTRIBUTABLE TO NEE | 2,919 | 3,769 | 6,638 |
| Earnings per share attributable to NEE: | |||
| Basic | 1.49 | 1.95 | 3.51 |
| Assuming dilution | 1.48 | 1.94 | 3.47 |
| Legal Entity | |||
| FPL | |||
| OPERATING REVENUES | 11,662 | 12,192 | 11,862 |
| Fuel, purchased power and interchange | 2,616 | 3,256 | 3,250 |
| Other operations and maintenance | 1,464 | 1,519 | 1,514 |
| Storm restoration costs | 183 | 234 | 3 |
| Depreciation and amortization | 2,246 | 2,524 | 2,633 |
| Taxes other than income taxes and other - net | 1,353 | 1,357 | 1,308 |
| Total operating expenses - net | 7,862 | 8,890 | 8,708 |
| OPERATING INCOME | 3,800 | 3,302 | 3,154 |
| Interest Expense | (600) | (594) | (541) |
| Allowance for equity funds used during construction | 61 | 62 | 90 |
| Other - net | (1) | 5 | 7 |
| Total other income (deductions) - net | (540) | (527) | (444) |
| INCOME BEFORE INCOME TAXES | 3,260 | 2,775 | 2,710 |
| INCOME TAXES | 610 | 441 | 539 |
| NET INCOME | 2,650 | 2,334 | 2,171 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income (loss) | $ 2,369 | 3,388 | 5,776 |
| Reclassification of unrealized losses on cash flow hedges from accumulated other comprehensive income (loss) to net income | 12 | 29 | 26 |
| Net unrealized gains (losses) on securities still held | 12 | 20 | (12) |
| Reclassification from accumulated other comprehensive income (loss) to net income | (3) | (2) | 1 |
| Defined benefit pension and other benefits plans: | |||
| Net unrealized gain (loss) and unrecognized prior service benefit (cost) | 37 | (46) | (14) |
| Reclassification from accumulated other comprehensive income (loss) to net income | 2 | (3) | (3) |
| Net unrealized gains (losses) on foreign currency translation | 13 | 22 | (31) |
| Other comprehensive income related to equity method investee | 1 | 1 | 4 |
| Total other comprehensive income (loss), net of tax | 74 | 21 | (29) |
| Impact on NEP Deconsolidation | 0 | 0 | 58 |
| Impact of Disposal of a Business | 10 | 0 | 0 |
| COMPREHENSIVE INCOME | 2,453 | 3,409 | 5,805 |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 543 | 380 | 862 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NEE | 2,996 | 3,789 | 6,667 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 2,369 | 3,388 | 5,776 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,052 | 4,216 | 3,911 |
| Nuclear fuel and other amortization | 263 | 262 | 236 |
| Unrealized losses (gains) on marked to market derivative contracts net | 533 | (108) | 54 |
| Foreign currency transaction losses | 45 | 17 | 16 |
| Deferred income taxes | (78) | 258 | 1,463 |
| Cost recovery clauses and franchise fees | (121) | 155 | (225) |
| Equity in losses (earnings) of equity method investees | 1,351 | (66) | (358) |
| Distributions of earnings from equity method investees | 456 | 438 | 328 |
| Gains on disposal of businesses, assets and investments net | (403) | (461) | (191) |
| Gain on NEP deconsolidation | 0 | 0 | (3,927) |
| Recoverable storm-related costs | (69) | (180) | 0 |
| Other - net | 189 | (141) | 115 |
| Changes in operating assets and liabilities: | |||
| Current assets | (364) | 123 | (631) |
| Noncurrent assets | (234) | (93) | (220) |
| Current liabilities | (6) | 116 | 163 |
| Noncurrent liabilities | 0 | 231 | 83 |
| Net cash provided by operating activities | 7,983 | 8,155 | 6,593 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL | (6,477) | (5,560) | (5,012) |
| Acquisition and capital expenditures of Gulf Power | (1,012) | (5,165) | 0 |
| Independent power and other investments of NEER | (6,851) | (6,385) | (7,045) |
| Nuclear fuel purchases | (245) | (315) | (267) |
| Other capital expenditures, acquisitions and other investments | (25) | (37) | (680) |
| Sale of independent power and other investments of NEER | 1,012 | 1,316 | 1,693 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,916 | 4,008 | 3,410 |
| Purchases of securities in special use funds and other investments | (4,100) | (4,160) | (3,733) |
| Distributions from equity method investees | 0 | 0 | 637 |
| Other - net | 83 | 121 | 47 |
| Net cash used in investing activities | (13,699) | (16,177) | (10,950) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt, including premiums and discounts | 12,404 | 13,905 | 4,391 |
| Retirements of long-term debt | (6,103) | (5,492) | (3,102) |
| Proceeds from differential membership investors | 3,522 | 1,604 | 1,841 |
| Net change in commercial paper | (965) | (234) | 1,062 |
| Proceeds from other short-term debt | 2,158 | 200 | 5,665 |
| Repayments of other short-term debt | (2,100) | (4,765) | (455) |
| Payments to related parties under a cash sweep and credit support agreement net | (2) | (54) | (21) |
| Issuances of common stock/equity units - net | (92) | ||
| Issuances of common stock/equity units - net | 1,494 | 718 | |
| Proceeds from sale of noncontrolling interests | 501 | 99 | 0 |
| Dividends on common stock | (2,743) | (2,408) | (2,101) |
| Other - net | (406) | (476) | (364) |
| Net cash provided by financing activities | 6,174 | 3,873 | 7,634 |
| Effects of currency translation on cash, cash equivalents and restricted cash | (20) | 4 | (7) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 438 | (4,145) | 3,270 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,108 | 5,253 | |
| Cash, cash equivalents and restricted cash at end of year | 1,546 | 1,108 | 5,253 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,432 | 1,799 | 1,209 |
| Cash paid for income taxes - net | 235 | 184 | 200 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 4,445 | 3,573 | 2,138 |
| Increase in property, plant and equipment related to an acquisition | 68 | 0 | 0 |
| Decrease in joint venture investments related to an acquisition | 145 | 0 | 0 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 2,650 | 2,334 | 2,171 |
| Depreciation and amortization | 2,246 | 2,524 | 2,633 |
| Nuclear fuel and other amortization | 164 | 175 | 144 |
| Deferred income taxes | 513 | 44 | 180 |
| Cost recovery clauses and franchise fees | (112) | 177 | (225) |
| Other - net | 54 | 6 | (45) |
| Current assets | (99) | (48) | 97 |
| Noncurrent assets | (94) | (67) | (64) |
| Current liabilities | 90 | 32 | (509) |
| Noncurrent liabilities | (31) | 4 | 40 |
| Net cash provided by operating activities | 5,381 | 5,181 | 4,422 |
| Capital expenditures of FPL | (6,477) | (5,560) | (5,012) |
| Nuclear fuel purchases | (203) | (195) | (123) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 2,484 | 2,729 | 2,232 |
| Purchases of securities in special use funds and other investments | (2,565) | (2,854) | (2,402) |
| Other - net | 64 | 10 | 239 |
| Net cash used in investing activities | (6,697) | (5,870) | (5,066) |
| Issuances of long-term debt, including premiums and discounts | 2,952 | 2,493 | 1,742 |
| Retirements of long-term debt | (1,427) | (95) | (1,591) |
| Net change in commercial paper | 44 | 226 | (431) |
| Repayments of other short-term debt | 0 | 0 | (250) |
| Capital contributions from NEE | 1,900 | 250 | 1,785 |
| Dividends on common stock | (2,210) | (2,200) | (500) |
| Other - net | (42) | (44) | (31) |
| Net cash provided by financing activities | 1,217 | 630 | 724 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (99) | (59) | 80 |
| Cash, cash equivalents and restricted cash at beginning of year | 96 | 254 | 254 |
| Cash, cash equivalents and restricted cash at end of year | 96 | 254 | 254 |
| Cash paid for interest (net of amount capitalized) | 580 | 561 | 520 |
| Cash paid for income taxes - net | 126 | 544 | 415 |
| Accrued property additions | 592 | 680 | 549 |
| NEE's noncash contribution of a consolidated subsidiary - net | 0 | 0 | 526 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NEXTERA ENERGY INC | ||
Ticker: NEE Fiscal Year: 2020 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Current assets: | ||
| Cash and cash equivalents | $ 1,105 | 600 |
| Customer receivables, net of allowances | 2,263 | 2,282 |
| Other receivables | 711 | 525 |
| Materials, supplies and fossil fuel inventory | 1,552 | 1,328 |
| Regulatory assets | 377 | 335 |
| Derivatives | 570 | 762 |
| Other | 804 | 1,576 |
| Total current assets | 7,382 | 7,408 |
| Other assets: | ||
| Total property, plant and equipment - net | 91,803 | 82,010 |
| Special use funds | 7,779 | 6,954 |
| Investment in equity method investees | 5,728 | 7,453 |
| Prepaid benefit costs | 1,707 | 1,437 |
| Regulatory assets | 3,712 | 3,287 |
| Derivatives | 1,647 | 1,624 |
| Goodwill | 4,254 | 4,204 |
| Other | 3,672 | 3,314 |
| Total other assets | 120,302 | 110,283 |
| TOTAL ASSETS | 127,684 | 117,691 |
| Current liabilities: | ||
| Commercial paper | 1,551 | 2,516 |
| Other short-term debt | 458 | 400 |
| Current portion of long-term debt | 4,138 | 2,124 |
| Accounts payable | 4,615 | 3,631 |
| Customer deposits | 474 | 499 |
| Accrued interest and taxes | 519 | 558 |
| Derivatives | 311 | 344 |
| Accrued construction-related expenditures | 991 | 1,152 |
| Regulatory liabilities | 245 | 320 |
| Other | 2,256 | 2,309 |
| Total current liabilities | 15,558 | 13,853 |
| Other liabilities and deferred credits: | ||
| Long-term debt | 41,944 | 37,543 |
| Asset retirement obligations | 3,057 | 3,457 |
| Deferred income taxes | 8,020 | 8,361 |
| Regulatory liabilities | 10,735 | 9,936 |
| Derivatives | 1,199 | 863 |
| Other | 2,242 | 1,831 |
| Total other liabilities and deferred credits | 67,197 | 61,991 |
| TOTAL LIABILITIES | 82,755 | 75,844 |
| COMMITMENTS AND CONTINGENCIES | ||
| REDEEMABLE NONCONTROLLING INTERESTS | 0 | 487 |
| EQUITY | ||
| Common stock | 20 | 20 |
| Additional paid-in capital | 11,222 | 11,955 |
| Retained earnings | 25,363 | 25,199 |
| Accumulated other comprehensive loss | (92) | (169) |
| Total common shareholders' equity | 36,513 | 37,005 |
| Noncontrolling interests | 8,416 | 4,355 |
| TOTAL EQUITY | 44,929 | 41,360 |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 127,684 | 117,691 |
| Legal Entity | ||
| FPL | ||
| Cash and cash equivalents | 20 | 77 |
| Customer receivables, net of allowances | 991 | 1,024 |
| Other receivables | 362 | 333 |
| Materials, supplies and fossil fuel inventory | 777 | 722 |
| Regulatory assets | 235 | 227 |
| Other | 129 | 136 |
| Total current assets | 2,514 | 2,519 |
| Electric utility plant and other property - net | 48,933 | 45,074 |
| Special use funds | 5,347 | 4,771 |
| Prepaid benefit costs | 1,554 | 1,477 |
| Regulatory assets | 2,396 | 2,549 |
| Goodwill | 301 | 300 |
| Other | 565 | 498 |
| Total other assets | 59,096 | 54,669 |
| TOTAL ASSETS | 61,610 | 57,188 |
| Commercial paper | 1,526 | 1,482 |
| Current portion of long-term debt | 54 | 30 |
| Accounts payable | 730 | 768 |
| Customer deposits | 430 | 459 |
| Accrued interest and taxes | 279 | 266 |
| Accrued construction-related expenditures | 385 | 426 |
| Regulatory liabilities | 206 | 284 |
| Other | 614 | 510 |
| Total current liabilities | 4,224 | 4,225 |
| Long-term debt | 15,622 | 14,131 |
| Asset retirement obligations | 1,783 | 2,268 |
| Deferred income taxes | 5,790 | 5,415 |
| Regulatory liabilities | 10,052 | 9,296 |
| Other | 399 | 455 |
| Total other liabilities and deferred credits | 33,646 | 31,565 |
| TOTAL LIABILITIES | 37,870 | 35,790 |
| COMMITMENTS AND CONTINGENCIES | ||
| Common stock | 1,373 | 1,373 |
| Additional paid-in capital | 12,753 | 10,851 |
| Retained earnings | 9,614 | 9,174 |
| Total common shareholders' equity | 23,740 | 21,398 |
| TOTAL EQUITY | 23,740 | 21,398 |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 61,610 | 57,188 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2020 | |
| 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 |