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: 2021 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 18, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| OPERATING REVENUES | $ 17,069 | 17,997 | 19,204 |
| OPERATING EXPENSES | |||
| Fuel, purchased power and interchange | 4,527 | 3,539 | 4,363 |
| Other operations and maintenance | 3,953 | 3,751 | 3,640 |
| Storm restoration costs | 28 | 183 | 234 |
| Depreciation and amortization | 3,924 | 4,052 | 4,216 |
| Taxes other than income taxes and other net | 1,801 | 1,709 | 1,804 |
| Total operating expenses net | 14,233 | 13,234 | 14,257 |
| GAINS ON DISPOSAL OF BUSINESSES/ASSETS NET | 77 | 353 | 406 |
| Operating income | 2,913 | 5,116 | 5,353 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest Expense | (1,270) | (1,950) | (2,249) |
| Equity in earnings (losses) of equity method investees | 666 | (1,351) | 66 |
| Allowance for equity funds used during construction | 142 | 93 | 67 |
| Gains on disposal of investments and other property net | 70 | 50 | 55 |
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds net | 267 | 163 | 238 |
| Other net periodic benefit income | 257 | 200 | 185 |
| Other net | 130 | 92 | 121 |
| Total other income (deductions) net | 262 | (2,703) | (1,517) |
| INCOME BEFORE INCOME TAXES | 3,175 | 2,413 | 3,836 |
| INCOME TAXES | 348 | 44 | 448 |
| NET INCOME | 2,827 | 2,369 | 3,388 |
| NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 746 | 550 | 381 |
| NET INCOME ATTRIBUTABLE TO NEE | 3,573 | 2,919 | 3,769 |
| Earnings per share attributable to NEE: | |||
| Basic | 1.82 | 1.49 | 1.95 |
| Assuming dilution | 1.81 | 1.48 | 1.94 |
| Legal Entity | |||
| FPL | |||
| OPERATING REVENUES | 14,102 | 13,060 | 13,680 |
| Fuel, purchased power and interchange | 3,956 | 3,060 | 3,802 |
| Other operations and maintenance | 1,803 | 1,707 | 1,790 |
| Storm restoration costs | 28 | 183 | 234 |
| Depreciation and amortization | 2,266 | 2,526 | 2,771 |
| Taxes other than income taxes and other net | 1,533 | 1,464 | 1,504 |
| Total operating expenses net | 9,586 | 8,940 | 10,101 |
| Operating income | 4,516 | 4,120 | 3,579 |
| Interest Expense | (615) | (641) | (649) |
| Allowance for equity funds used during construction | 132 | 87 | 66 |
| Other net | 11 | 2 | 7 |
| Total other income (deductions) net | (472) | (552) | (576) |
| INCOME BEFORE INCOME TAXES | 4,044 | 3,568 | 3,003 |
| INCOME TAXES | 838 | 678 | 484 |
| NET INCOME | 3,206 | 2,890 | 2,519 [1] |
| [1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 Merger of FPL and Gulf Power Company. | FPL's comprehensive income is the same as reported net income. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 18, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income (loss) | $ 2,827 | 2,369 | 3,388 |
| Reclassification of unrealized losses on cash flow hedges from accumulated other comprehensive income (loss) to net income | 6 | 12 | 29 |
| Net unrealized gains (losses) on securities still held | (11) | 12 | 20 |
| Reclassification from accumulated other comprehensive income (loss) to net income | (4) | (3) | (2) |
| Defined benefit pension and other benefits plans: | |||
| Net unrealized gain (loss) and unrecognized prior service benefit (cost) | 95 | 37 | (46) |
| Reclassification from accumulated other comprehensive income (loss) to net income | 5 | 2 | (3) |
| Net unrealized gains (losses) on foreign currency translation | (1) | 13 | 22 |
| Other comprehensive income related to equity method investee | 1 | 1 | 1 |
| Total other comprehensive income, net of tax | 91 | 74 | 21 |
| Impact of Disposal of a Business | 0 | 10 | 0 |
| COMPREHENSIVE INCOME | 2,918 | 2,453 | 3,409 |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 747 | 543 | 380 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NEE | 3,665 | 2,996 | 3,789 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 18, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 2,827 | 2,369 | 3,388 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 3,924 | 4,052 | 4,216 |
| Nuclear fuel and other amortization | 290 | 263 | 262 |
| Unrealized losses (gains) on marked to market derivative contracts net | 2,005 | 533 | (108) |
| Foreign currency transaction losses (gains) | (94) | 45 | 17 |
| Deferred income taxes | 436 | (78) | 258 |
| Cost recovery clauses and franchise fees | (599) | (121) | 155 |
| Equity in losses (earnings) of equity method investees | (666) | 1,351 | (66) |
| Distributions of earnings from equity method investees | 526 | 456 | 438 |
| Gains on disposal of businesses, assets and investments net | (146) | (403) | (461) |
| Recoverable storm-related costs | (138) | (69) | (180) |
| Other net | (326) | 189 | (141) |
| Changes in operating assets and liabilities: | |||
| Current assets | (1,267) | (364) | 123 |
| Noncurrent assets | (324) | (234) | (93) |
| Current liabilities | 1,053 | (6) | 116 |
| Noncurrent liabilities | 52 | 0 | 231 |
| Net cash provided by operating activities | 7,553 | 7,983 | 8,155 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures of FPL Segment | (6,626) | (6,477) | (5,560) |
| Acquisition and capital expenditures of Gulf Power | (782) | (1,012) | (5,165) |
| Independent power and other investments of NEER | (8,247) | (6,851) | (6,385) |
| Nuclear fuel purchases | (275) | (245) | (315) |
| Other capital expenditures | (147) | (25) | (37) |
| Sale of independent power and other investments of NEER | 2,761 | 1,012 | 1,316 |
| Proceeds from sale or maturity of securities in special use funds and other investments | 4,995 | 3,916 | 4,008 |
| Purchases of securities in special use funds and other investments | (5,310) | (4,100) | (4,160) |
| Other net | 40 | 83 | 121 |
| Net cash used in investing activities | (13,591) | (13,699) | (16,177) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuances of long-term debt, including premiums and discounts | 16,683 | 12,404 | 13,905 |
| Retirements of long-term debt | (9,594) | (6,103) | (5,492) |
| Proceeds from differential membership investors | 2,779 | 3,522 | 1,604 |
| Net change in commercial paper | (169) | (965) | (234) |
| Proceeds from other short-term debt | 0 | 2,158 | 200 |
| Repayments of other short-term debt | (257) | (2,100) | (4,765) |
| Payments from (to) related parties under a cash sweep and credit support agreement net | 47 | (2) | (54) |
| Issuances of common stock/equity units net | 14 | 1,494 | |
| Payments of Stock Issuance Costs | (92) | ||
| Proceeds from sale of noncontrolling interests | 65 | 501 | 99 |
| Dividends on common stock | (3,024) | (2,743) | (2,408) |
| Other net | (737) | (406) | (476) |
| Net cash provided by financing activities | 5,807 | 6,174 | 3,873 |
| Effects of currency translation on cash, cash equivalents and restricted cash | 1 | (20) | 4 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (230) | 438 | (4,145) |
| Cash, cash equivalents and restricted cash at beginning of year | 1,546 | 1,108 | |
| Cash, cash equivalents and restricted cash at end of year | 1,316 | 1,546 | 1,108 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,323 | 1,432 | 1,799 |
| Cash paid (received) for income taxes net | (69) | 235 | 184 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Accrued property additions | 4,995 | 4,445 | 3,573 |
| Increase in property, plant and equipment related to an acquisition | 0 | 68 | 0 |
| Decrease in joint venture investments related to an acquisition | 0 | 145 | 0 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 3,206 | 2,890 | 2,519 [1] |
| Depreciation and amortization | 2,266 | 2,526 | 2,771 |
| Nuclear fuel and other amortization | 174 | 167 | 178 |
| Deferred income taxes | 752 | 629 | 45 |
| Cost recovery clauses and franchise fees | (599) | (121) | 155 |
| Recoverable storm-related costs | (138) | (69) | (180) |
| Other net | (157) | 35 | (5) |
| Current assets | (49) | (164) | (42) |
| Noncurrent assets | (114) | (77) | 22 |
| Current liabilities | 20 | 31 | 50 |
| Noncurrent liabilities | (3) | (31) | (12) |
| Net cash provided by operating activities | 5,358 | 5,816 | 5,501 |
| Capital expenditures | (7,411) | (7,476) | (6,290) |
| Nuclear fuel purchases | (159) | (203) | (195) |
| Proceeds from sale or maturity of securities in special use funds and other investments | 3,308 | 2,488 | 2,729 |
| Purchases of securities in special use funds and other investments | (3,394) | (2,567) | (2,854) |
| Other net | 15 | 65 | 10 |
| Net cash used in investing activities | (7,641) | (7,693) | (6,600) |
| Issuances of long-term debt, including premiums and discounts | 2,588 | 3,003 | 2,998 |
| Retirements of long-term debt | (1,304) | (1,603) | (200) |
| Net change in commercial paper | (169) | (123) | 418 |
| Proceeds from other short-term debt | 0 | 0 [2] | 200 |
| Capital contributions from NEE | 1,700 | 2,750 | 359 |
| Dividends on common stock | (540) | (2,210) | (2,620) |
| Other net | (44) | (44) | (46) |
| Net cash provided by financing activities | 2,231 | 1,773 | 1,109 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (52) | (104) | 10 |
| Cash, cash equivalents and restricted cash at beginning of year | 108 | 264 | 264 |
| Cash, cash equivalents and restricted cash at end of year | 108 | 264 | 264 |
| Cash paid for interest (net of amount capitalized) | 586 | 620 | 614 |
| Cash paid (received) for income taxes net | (1) | 105 | 584 |
| Accrued property additions | 1,107 | 698 | 914 |
| NEE's noncash contribution of a consolidated subsidiary net | 0 | 0 | 4,436 |
| [1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 Merger of FPL and Gulf Power Company. | FPL's comprehensive income is the same as reported net income. | |||
| [2] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 Merger of FPL and Gulf Power Company. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NEXTERA ENERGY INC | ||
Ticker: NEE Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 18, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Current assets: | ||
| Cash and cash equivalents | $ 639 | 1,105 |
| Customer receivables, net | 3,378 | 2,263 |
| Other receivables | 730 | 711 |
| Materials, supplies and fuel inventory | 1,561 | 1,552 |
| Regulatory assets | 1,125 | 377 |
| Derivatives | 689 | 570 |
| Other | 1,166 | 804 |
| Total current assets | 9,288 | 7,382 |
| Other assets: | ||
| Property, plant and equipment net | 99,348 | 91,803 |
| Special use funds | 8,922 | 7,779 |
| Investment in equity method investees | 6,159 | 5,728 |
| Prepaid benefit costs | 2,243 | 1,707 |
| Regulatory assets | 4,578 | 3,712 |
| Derivatives | 1,135 | 1,647 |
| Goodwill | 4,844 | 4,254 |
| Other | 4,395 | 3,672 |
| Total other assets | 131,624 | 120,302 |
| TOTAL ASSETS | 140,912 | 127,684 |
| Current liabilities: | ||
| Commercial paper | 1,382 | 1,551 |
| Other short-term debt | 700 | 458 |
| Current portion of long-term debt | 1,785 | 4,138 |
| Accounts payable | 6,935 | 4,615 |
| Customer deposits | 485 | 474 |
| Accrued interest and taxes | 525 | 519 |
| Derivatives | 1,263 | 311 |
| Accrued construction-related expenditures | 1,378 | 991 |
| Regulatory liabilities | 289 | 245 |
| Other | 2,695 | 2,256 |
| Total current liabilities | 17,437 | 15,558 |
| Other liabilities and deferred credits: | ||
| Long-term debt | 50,960 | 41,944 |
| Asset retirement obligations | 3,082 | 3,057 |
| Deferred income taxes | 8,310 | 8,020 |
| Regulatory liabilities | 11,273 | 10,735 |
| Derivatives | 1,713 | 1,199 |
| Other | 2,468 | 2,242 |
| Total other liabilities and deferred credits | 77,806 | 67,197 |
| TOTAL LIABILITIES | 95,243 | 82,755 |
| COMMITMENTS AND CONTINGENCIES | ||
| REDEEMABLE NONCONTROLLING INTERESTS VIE | 245 | 0 |
| EQUITY | ||
| Common stock | 20 | 20 |
| Additional paid-in capital | 11,271 | 11,222 |
| Retained earnings | 25,911 | 25,363 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | 0 | (92) |
| Total common shareholders' equity | 37,202 | 36,513 |
| Noncontrolling interests | 8,222 | 8,416 |
| TOTAL EQUITY | 45,424 | 44,929 |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 140,912 | 127,684 |
| Legal Entity | ||
| FPL | ||
| Cash and cash equivalents | 55 | 25 |
| Customer receivables, net | 1,297 | 1,141 |
| Other receivables | 350 | 405 |
| Materials, supplies and fuel inventory | 963 | 899 |
| Regulatory assets | 1,111 | 360 |
| Other | 142 | 182 |
| Total current assets | 3,918 | 3,012 |
| Electric utility plant and other property net | 58,227 | 53,879 |
| Special use funds | 6,158 | 5,347 |
| Prepaid benefit costs | 1,657 | 1,550 |
| Regulatory assets | 4,343 | 3,399 |
| Goodwill | 2,989 | 2,989 |
| Other | 775 | 825 |
| Total other assets | 74,149 | 67,989 |
| TOTAL ASSETS | 78,067 | 71,001 |
| Commercial paper | 1,382 | 1,551 |
| Other short-term debt | 200 | 200 |
| Current portion of long-term debt | 536 | 354 |
| Accounts payable | 1,318 | 874 |
| Customer deposits | 478 | 468 |
| Accrued interest and taxes | 322 | 300 |
| Accrued construction-related expenditures | 601 | 423 |
| Regulatory liabilities | 278 | 224 |
| Other | 643 | 948 |
| Total current liabilities | 5,758 | 5,342 |
| Long-term debt | 17,974 | 16,882 |
| Asset retirement obligations | 2,049 | 1,871 |
| Deferred income taxes | 7,137 | 6,519 |
| Regulatory liabilities | 11,053 | 10,600 |
| Other | 502 | 559 |
| Total other liabilities and deferred credits | 38,715 | 36,431 |
| TOTAL LIABILITIES | 44,473 | 41,773 |
| COMMITMENTS AND CONTINGENCIES | ||
| Common stock | 1,373 | 1,373 |
| Additional paid-in capital | 19,936 | 18,236 |
| Retained earnings | 12,285 | 9,619 |
| Total common shareholders' equity | 33,594 | 29,228 |
| TOTAL EQUITY | 33,594 | 29,228 |
| TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 78,067 | 71,001 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2021 | |
| 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 |