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: 2018 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 15, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| OPERATING REVENUES | $ 16,727 | 17,173 | 16,138 |
| OPERATING EXPENSES (INCOME) | |||
| Fuel, purchased power and interchange | 3,732 | 4,071 | 3,992 |
| Other operations and maintenance | 3,330 | 3,458 | 3,529 |
| Storm restoration costs | 3 | 1,255 | 0 |
| Impairment charges | 11 | 446 | 7 |
| Merger-related | 32 | 69 | 135 |
| Depreciation and amortization | 3,911 | 2,357 | 3,120 |
| Losses (gains) on disposal of a business/assets - net | (80) | (1,111) | (447) |
| Taxes other than income taxes and other - net | 1,508 | 1,455 | 1,343 [1] |
| Total operating expenses - net | 12,447 | 12,000 | 11,679 |
| OPERATING INCOME | 4,280 | 5,173 | 4,459 |
| OTHER INCOME (DEDUCTIONS) | |||
| Interest expense | (1,498) | (1,558) | (1,098) |
| Benefits associated with differential membership interests - net | 0 | 460 | 309 |
| Equity in earnings of equity method investees | 358 | 141 | 148 |
| Allowance for equity funds used during construction | 96 | 92 | 86 |
| Interest income | 51 | 81 | 82 |
| Gain on NEP deconsolidation | 3,927 | 0 | 0 |
| Gains on disposal of investments and other property - net | 111 | 112 | 40 |
| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net | (189) | 0 | 0 |
| Revaluation of contingent consideration | 0 | 0 | 189 |
| Other net periodic benefit income | 168 | 151 | 144 |
| Other - net | 48 | 11 | 19 |
| Total other income (deductions) - net | 3,072 | (510) | (81) |
| Income (loss) before income taxes | 7,352 | 4,663 | 4,378 |
| INCOME TAX EXPENSE (BENEFIT) | 1,576 | (660) | 1,379 |
| NET INCOME | 5,776 | 5,323 | 2,999 |
| NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 862 | 57 | (93) |
| NET INCOME ATTRIBUTABLE TO NEE | 6,638 | 5,380 | 2,906 |
| Earnings per share attributable to NEE: | |||
| Basic | 14.03 | 11.48 | 6.27 |
| Assuming dilution | 13.88 | 11.39 | 6.24 |
| Weighted-average number of common shares outstanding: | |||
| Basic | 473,200 | 468,800 | 463,100 |
| Assuming dilution | 477,000 | 472,500 | 465,800 |
| Legal Entity | |||
| FPL | |||
| OPERATING REVENUES | 11,862 | 11,972 | 10,895 |
| Fuel, purchased power and interchange | 3,250 | 3,541 | 3,247 |
| Other operations and maintenance | 1,514 | 1,554 | 1,598 |
| Storm restoration costs | 3 | 1,255 | 0 |
| Depreciation and amortization | 2,633 | 940 | 1,700 |
| Taxes other than income taxes and other - net | 1,308 | 1,292 | 1,189 |
| Total operating expenses - net | 8,708 | 8,582 | 7,734 |
| OPERATING INCOME | 3,154 | 3,390 | 3,161 |
| Interest expense | (541) | (481) | (459) |
| Allowance for equity funds used during construction | 90 | 79 | 74 |
| Other - net | 7 | (2) | 2 |
| Total other income (deductions) - net | (444) | (404) | (383) |
| Income (loss) before income taxes | 2,710 | 2,986 | 2,778 |
| INCOME TAX EXPENSE (BENEFIT) | 539 | 1,106 | 1,051 |
| NET INCOME | 2,171 | 1,880 | 1,727 [2] |
| [1] Amounts have been retrospectively adjusted as discussed in Note 14 and Note 3 - Amendments to Presentation of Retirement Benefits. | |||
| [2] FPL's comprehensive income is the same as reported net income. | Amounts have been retrospectively adjusted as discussed in Note 14. | |||
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2018 | |
| 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 |