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: 2017 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 16, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| OPERATING REVENUES | $ 17,195 | 16,155 | 17,486 |
| OPERATING EXPENSES (INCOME) | |||
| Fuel, purchased power and interchange | 4,071 | 4,042 | 5,327 |
| Other operations and maintenance | 3,327 | 3,389 | 3,269 |
| Storm restoration costs | 1,255 | 0 | 0 |
| Impairment charges | 446 | 7 | 2 |
| Merger-related | 69 | 135 | 26 |
| Depreciation and amortization | 2,357 | 3,077 | 2,831 |
| Losses (gains) on disposal of a business/assets - net | (1,111) | (446) | 4 |
| Taxes other than income taxes and other - net | 1,455 | 1,343 | 1,395 |
| Total operating expenses - net | 11,869 | 11,547 | 12,854 |
| OPERATING INCOME | 5,326 | 4,608 | 4,632 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest expense | (1,558) | (1,093) | (1,211) |
| Benefits associated with differential membership interests - net | 460 | 309 | 216 |
| Equity in earnings of equity method investees | 141 | 148 | 107 |
| Allowance for equity funds used during construction | 92 | 86 | 70 |
| Interest income | 81 | 82 | 86 |
| Gains on disposal of investments and other property - net | 114 | 40 | 90 |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | (10) | (23) | (40) |
| Revaluation of contingent consideration | 0 | 189 | 0 |
| Other - net | 21 | 42 | 40 |
| Total other deductions - net | (659) | (220) | (642) |
| Income (loss) before income taxes | 4,667 | 4,388 | 3,990 |
| INCOME TAX EXPENSE (BENEFIT) | (653) | 1,383 | 1,228 |
| NET INCOME | 5,320 | 3,005 | 2,762 |
| LESS NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | (58) | 93 | 10 |
| Net income attributable to parent | 5,378 | 2,912 | 2,752 |
| Earnings per share attributable to NEE: | |||
| Basic | 11.47 | 6.29 | 6.11 |
| Assuming dilution | 11.38 | 6.25 | 6.06 |
| Weighted-average number of common shares outstanding: | |||
| Basic | 468,800 | 463,100 | 450,500 |
| Assuming dilution | 472,500 | 465,800 | 454,000 |
| Consolidation Items | |||
| Operating Segments | |||
| Segments | |||
| FPL | |||
| OPERATING REVENUES | 11,972 | 10,895 | 11,651 |
| Depreciation and amortization | 933 | 1,651 | 1,576 |
| Total operating expenses - net | 8,581 | 7,737 | 8,674 |
| Interest expense | (482) | (456) | (445) |
| Equity in earnings of equity method investees | 0 | 0 | 0 |
| Interest income | 2 | 2 | 7 |
| INCOME TAX EXPENSE (BENEFIT) | 1,106 | 1,051 | 957 |
| NET INCOME | 1,880 | 1,727 | 1,648 |
| Net income attributable to parent | 1,880 | 1,727 | 1,648 |
| Legal Entity | |||
| FPL | |||
| OPERATING REVENUES | 11,972 | 10,895 | 11,651 |
| Fuel, purchased power and interchange | 3,542 | 3,297 | 4,276 |
| Other operations and maintenance | 1,559 | 1,600 | 1,617 |
| Storm restoration costs | 1,255 | 0 | 0 |
| Depreciation and amortization | 933 | 1,651 | 1,576 |
| Taxes other than income taxes and other - net | 1,292 | 1,189 | 1,205 |
| Total operating expenses - net | 8,581 | 7,737 | 8,674 |
| OPERATING INCOME | 3,391 | 3,158 | 2,977 |
| Interest expense | (482) | (456) | (445) |
| Allowance for equity funds used during construction | 79 | 74 | 68 |
| Other - net | (2) | 2 | 5 |
| Total other deductions - net | (405) | (380) | (372) |
| Income (loss) before income taxes | 2,986 | 2,778 | 2,605 |
| INCOME TAX EXPENSE (BENEFIT) | 1,106 | 1,051 | 957 |
| Net income attributable to parent | 1,880 | 1,727 [1] | 1,648 |
| [1] FPL's comprehensive income is the same as reported net income | |||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2017 | |
| 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 |