NEXTERA ENERGY INC

10-K & 10-Q Filings

NextEra Energy, Inc. is a leading electric power and energy infrastructure company based in the United States, with two principal businesses: Florida Power & Light Company (FPL) and NextEra Energy Resources (NEER). FPL is a rate-regulated electric utility in Florida, serving approximately 5.9 million customer accounts and generating, transmitting, and distributing electric energy. Its strategy focuses on delivering low customer bills, high reliability, outstanding customer service, and clean energy. FPL's service areas cover most of the east and lower west coasts of Florida. NEER is the world's largest generator of renewable energy from wind and solar, as well as a leader in battery storage. Its strategy involves the development, construction, and operation of long-term contracted assets, primarily consisting of clean energy assets and electric transmission facilities. NEER's subsidiary, NextEra Energy Transmission, LLC, is a rate-regulated transmission business. NextEra Energy's website is www.nextenergyco.com, and its common stock is traded on the New York Stock Exchange under the ticker symbol NEE. The company's mission is to create sustainable value for its customers, employees, and shareholders by providing clean, reliable, and affordable energy solutions. At December 31, 2023, FPL had approximately 33,520 MW of net generating capacity, including 24,254 MW from natural gas and solar generation facilities, 3,502 MW from nuclear units, and 717 MW from coal units owned in partnership with others. FPL serves more than 12 million people and generates the majority of its operating revenues from retail customers. NEER's competitive energy business, NextEra Energy Resources, is the world's largest generator of renewable energy from wind and solar. It owns and operates 44 solar and 4 nuclear units, and has joint ownership interests in 3 coal units. NEER also develops and constructs battery storage projects to enhance its ability to meet customer needs. NextEra Energy's businesses are subject to regulation by various federal, state, and other organizations, including the Federal Energy Regulatory Commission (FERC), the Nuclear Regulatory Commission (NRC), and the Environmental Protection Agency (EPA). FPL's operations are regulated by the Florida Public Service Commission (FPSC) for retail rates, service area, and planning, siting, and construction of facilities. FPL and Gulf Power Company merged in 2021, and FPL continues to be regulated as a single electric ratemaking entity with new unified rates and tariffs effective January 1, 2022.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$85.00
157.00
54.00
105.00
90.00
40.00
Cost of Revenue (-)
$-15256.00
-14099.00
-15082.00
-16916.00
-17396.00
-16115.00
Selling, General & Administrative (-)
$1087.00
1186.00
1280.00
1324.00
1399.00
1350.00
1455.00
1508.00
1697.00
1709.00
1801.00
2077.00
2265.00
516.00
549.00
6.31%6.40%Non-recurring Operating Expenses (-)
$202.00
300.00
11.00
28.00
135.00
515.00
43.00
107.00
Operating Expenses (-)
$11963.00
10980.00
11895.00
12637.00
12854.00
11547.00
11869.00
12447.00
13851.00
13234.00
14233.00
17397.00
18282.00
3772.00
3776.00
3.60%0.11%Costs & Expenses (Total) (-)
$-3293.00
-3119.00
-3187.00
-4279.00
-4542.00
-4568.00
12980.00
12527.00
14257.00
13234.00
14233.00
17397.00
18282.00
3772.00
3776.00
0.11%Operating Income/Loss (+)
$3378.00
3276.00
3241.00
4384.00
4632.00
4608.00
5326.00
4280.00
5353.00
5116.00
2913.00
4081.00
10237.00
2942.00
2013.00
9.68%-31.58%Non-operating Income/Expense (+)
$-926.00
-673.00
-720.00
-739.00
-642.00
-220.00
-659.00
3072.00
-1517.00
-2703.00
262.00
-249.00
-2949.00
-771.00
151.00
119.58%Earnings before Tax (+)
$2452.00
2603.00
2521.00
3645.00
3990.00
4388.00
4667.00
7352.00
3836.00
2413.00
3175.00
3832.00
7288.00
2171.00
2164.00
9.50%-0.32%Tax Expense (-)
$529.00
692.00
801.00
1176.00
1228.00
1383.00
-653.00
1576.00
448.00
44.00
348.00
586.00
1006.00
386.00
227.00
5.50%-41.19%Income/Loss (Continuing Operations) (+)
$1923.00
1911.00
1720.00
2469.00
2762.00
3005.00
5320.00
5776.00
3388.00
2369.00
2827.00
3246.00
6282.00
1785.00
1937.00
10.37%8.52%Income/Loss (Discontinued Operations) (+)
$
188.00
Profit/Loss (+)
$
2469.00
2762.00
3005.00
5320.00
5776.00
3388.00
2369.00
2827.00
3246.00
6282.00
1785.00
1937.00
8.52%Net Income/Loss (NCI) (-)
$
4.00
10.00
93.00
-58.00
-862.00
-381.00
-550.00
-746.00
-901.00
-1028.00
-301.00
-331.00
-9.97%Net Income/Loss (+)
$1923.00
1911.00
1908.00
2465.00
2752.00
2912.00
5378.00
6638.00
3769.00
2919.00
3573.00
4147.00
7310.00
2086.00
2268.00
11.77%8.72%Net Income/Loss (Common) (+)
$1923.00
1911.00
1908.00
2465.00
2752.00
2912.00
5378.00
6638.00
3769.00
2919.00
3573.00
4147.00
7310.00
2086.00
2268.00
11.77%8.72%EPS (Basic)
$4.62
4.59
4.50
5.67
6.11
6.29
11.47
14.03
7.82
1.49
1.82
2.10
3.61
1.04
1.11
-2.03%6.73%EPS (Diluted)
$4.59
4.56
4.47
5.60
6.06
6.25
11.38
13.88
7.76
1.48
1.81
2.10
3.60
1.04
1.10
-2.00%5.77%Weighted Avg Shares (Basic)
416.60
416.70
424.20
434.40
450.50
463.10
468.80
473.20
488.97
1959.87
1962.74
1987.50
2052.43
2023.42
2054.53
14.21%1.54%Weighted Avg Shares (Diluted)
419.00
419.20
427.00
440.10
454.00
465.80
472.50
477.00
Cash
$
1105.00
639.00
1601.00
2690.00
2275.00
1642.00
-27.82%Receivables
$
2263.00
3378.00
4349.00
3609.00
3275.00
3119.00
-4.76%Inventory
$
1552.00
1561.00
1934.00
3593.00
1915.00
3203.00
67.26%Other Assets (Current)
$4872.00
5237.00
5842.00
6944.00
6795.00
7409.00
7157.00
6393.00
7408.00
2462.00
3710.00
5606.00
5469.00
6084.00
4716.00
0.97%-22.49%Assets (Current)
$4872.00
5237.00
5842.00
6944.00
6795.00
7409.00
7157.00
6393.00
7408.00
7382.00
9288.00
13490.00
15361.00
13549.00
12680.00
10.04%-6.41%Securities & Long-term Investments
$907.00
976.00
1121.00
1399.00
1786.00
2482.00
2959.00
6748.00
7453.00
5728.00
6159.00
6582.00
6156.00
7004.00
6533.00
17.30%-6.72%Property, Plant & Equipment (Net)
$24254.00
27551.00
28952.00
30656.00
33521.00
36009.00
39180.00
41499.00
45074.00
140736.00
157575.00
175752.00
196384.00
180575.00
201224.00
19.04%11.44%Accumulated Depreciation
$10916.00
10698.00
10944.00
11282.00
18944.00
20101.00
12802.00
13218.00
13953.00
Goodwill & Intangibles
$
4204.00
4254.00
4844.00
4854.00
5091.00
5184.00
5085.00
-1.91%Other Assets
$16239.00
19977.00
22447.00
24648.00
21433.00
23992.00
35729.00
35844.00
39599.00
18517.00
21273.00
22950.00
25105.00
24691.00
26459.00
3.70%7.16%Assets (Non-current)
$52316.00
59202.00
63464.00
67985.00
75684.00
82584.00
90670.00
97309.00
110283.00
120302.00
131624.00
145445.00
162128.00
151808.00
167270.00
9.88%10.19%Assets (Total)
$57188.00
64439.00
69306.00
74929.00
82479.00
89993.00
97827.00
103702.00
117691.00
127684.00
140912.00
158935.00
177489.00
165357.00
179950.00
9.90%8.83%Accounts Payable
$
4615.00
6935.00
8312.00
8504.00
6499.00
4285.00
-34.07%Debt (Current)
$
6147.00
3867.00
9710.00
11806.00
11634.00
14069.00
20.93%Other Liabilities (Current)
$
4796.00
6635.00
8673.00
7653.00
7244.00
6449.00
-10.97%Liabilities (Current)
$6719.00
8879.00
9189.00
9663.00
10107.00
10919.00
11232.00
17563.00
13853.00
15558.00
17437.00
26695.00
27963.00
25377.00
24803.00
12.62%-2.26%Securities (Liabilities)
$
733.00
Debt (Non-current)
$7483.00
8329.00
8473.00
9413.00
9956.00
9705.00
11236.00
11688.00
14131.00
41944.00
50960.00
55256.00
61405.00
59007.00
65868.00
19.17%11.63%Other Liabilities
$21551.00
22037.00
24347.00
35685.00
39304.00
44038.00
45861.00
37038.00
48347.00
25253.00
26846.00
27548.00
29097.00
27994.00
29890.00
2.53%6.77%Liabilities (Non-current)
$29034.00
30366.00
32820.00
45098.00
49260.00
53743.00
57097.00
48726.00
62478.00
67197.00
77806.00
82804.00
90502.00
87001.00
95758.00
9.94%10.07%Liabilities (Total)
$35753.00
39245.00
42009.00
54761.00
59367.00
64662.00
68329.00
66289.00
76331.00
82755.00
95243.00
109499.00
118465.00
112378.00
120561.00
10.50%7.28%Retained Earnings
$9876.00
10783.00
11569.00
12773.00
14140.00
15458.00
18992.00
23837.00
25199.00
25363.00
25911.00
26707.00
30235.00
27862.00
31445.00
9.77%12.86%AOCI
$-154.00
-255.00
56.00
-40.00
-167.00
-70.00
111.00
-188.00
-169.00
-92.00
-218.00
-153.00
-200.00
-167.00
16.50%Shareholder's Equity
$21435.00
25194.00
27297.00
20168.00
23112.00
25331.00
29498.00
37413.00
41360.00
44929.00
45424.00
48326.00
57768.00
52123.00
58936.00
8.61%13.07%Liabilities & Equity
$57188.00
64439.00
69306.00
74929.00
82479.00
89993.00
97827.00
103702.00
117691.00
127684.00
140912.00
158935.00
177489.00
165357.00
179950.00
9.90%8.83%Net Income/Loss
$1923.00
1911.00
1908.00
2469.00
2762.00
5917.00
10698.00
5776.00
3388.00
2369.00
2827.00
3246.00
6282.00
1785.00
1937.00
10.37%8.52%Depreciation & Amortization
$1567.00
1518.00
2163.00
2551.00
2831.00
3077.00
2357.00
3911.00
4216.00
4052.00
3924.00
4503.00
5879.00
822.00
898.00
11.65%9.25%Increase/Decrease in Working Capital
$595.00
86.00
211.00
479.00
173.00
223.00
-238.00
605.00
-197.00
704.00
624.00
399.00
1792.00
905.00
9.00
9.62%-99.01%Adjustments to Reconcile Net Income
$2151.00
2081.00
3194.00
2973.00
3543.00
3246.00
1442.00
817.00
4767.00
5614.00
4726.00
5016.00
5019.00
-112.00
1140.00
7.32%1117.86%Net Cash (Operating)
$4074.00
3992.00
5102.00
5500.00
6116.00
6336.00
6413.00
6593.00
8155.00
7983.00
7553.00
8262.00
11301.00
1673.00
3077.00
8.87%83.92%Capital Expenditure
$-1204.00
-165.00
-307.00
-52.00
-658.00
-1454.00
-924.00
Net Cash (Investing)
$-5279.00
-8928.00
-6123.00
-6361.00
-8005.00
-8110.00
-8918.00
-10950.00
-16177.00
-13699.00
-13591.00
-18359.00
-23467.00
-7817.00
-9321.00
-19.24%Increase/Decrease in Debt
$2279.00
5079.00
1255.00
755.00
1444.00
2079.00
3441.00
7548.00
3574.00
5392.00
6710.00
10528.00
9400.00
5412.00
6694.00
12.53%23.69%Increase/Decrease in Equity
$-327.00
386.00
842.00
633.00
1298.00
537.00
603.00
718.00
1494.00
-92.00
14.00
1460.00
4514.00
2502.00
6.00
-99.76%Interest Expenses
$978.00
1001.00
1070.00
1181.00
1143.00
1193.00
1184.00
1209.00
1799.00
1432.00
1323.00
1375.00
2463.00
549.00
519.00
8.00%-5.46%Dividends Paid
$920.00
1004.00
1122.00
1261.00
1385.00
1612.00
1845.00
2101.00
2408.00
2743.00
3024.00
3352.00
3782.00
930.00
1058.00
12.50%13.76%Net Cash (Financing)
$1280.00
4888.00
1130.00
1000.00
1883.00
2495.00
2933.00
7634.00
3873.00
6174.00
5807.00
12229.00
12149.00
6890.00
5038.00
20.63%-26.88%Cash Taxes Paid
$-95.00
25.00
-20.00
46.00
33.00
91.00
142.00
200.00
184.00
235.00
-69.00
-32.00
Effect of Exchange Rate
$
26.00
-7.00
4.00
-20.00
1.00
-7.00
-4.00
2.00
-1.00
-150.00%Increase/Decrease in Cash
$75.00
-48.00
109.00
139.00
-6.00
721.00
454.00
3270.00
-4145.00
438.00
-230.00
2125.00
-21.00
748.00
-1207.00
-261.36%Cash (Beginning)
$302.00
377.00
329.00
438.00
577.00
571.00
1529.00
1983.00
5253.00
1108.00
1546.00
1316.00
3441.00
3441.00
3420.00
22.48%-0.61%Cash (Ending)
$377.00
329.00
438.00
577.00
571.00
1292.00
1983.00
5253.00
1108.00
1546.00
1316.00
3441.00
3420.00
4189.00
2213.00
20.17%-47.17%NOPAT
$2649.22
3244.54
2211.23
4328.67
4593.69
4512.44
6071.21
4163.57
5096.23
5614.24
3232.28
4705.08
11650.07
2418.92
2224.16
13.14%-8.05%Operating Margin %
3974.12%
2086.62%
6001.85%
4175.24%
5146.67%
11520.00%
NOPAT Margin %
3116.73%
2066.58%
4094.88%
4122.55%
5104.10%
11281.09%
Net Margin %
2262.35%
1217.20%
3533.33%
2347.62%
3057.78%
7280.00%
Tax Rate %
21.57%
0.96%
31.77%
1.26%
0.83%
2.07%
-13.99%
2.72%
4.80%
-9.74%
-10.96%
-15.29%
-13.80%
17.78%
-10.49%
ROA
4.63%
5.04%
3.19%
5.78%
5.57%
5.01%
6.21%
4.01%
4.33%
4.40%
2.29%
2.96%
6.56%
1.46%
1.24%
ROE
12.36%
12.88%
8.10%
21.46%
19.88%
17.81%
20.58%
11.13%
12.32%
12.50%
7.12%
9.74%
20.17%
4.64%
3.77%
ROIC
10.92%
11.78%
7.64%
14.12%
13.70%
12.53%
15.50%
10.03%
10.34%
3.87%
1.99%
2.61%
5.78%
1.30%
1.08%
Asset Turnover
0.00
0.00
0.00
0.00
0.00
0.00
Equity Multiplier
2.67
2.56
2.54
3.72
3.57
3.55
3.32
2.77
2.85
2.84
3.10
3.29
3.07
3.17
3.05
Current Ratio
0.47
0.53
0.51
0.55
0.53
0.51
Quick Ratio
0.22
0.23
0.22
0.23
0.22
0.19
Debt/Equity Ratio
0.35
0.33
0.31
0.47
0.43
0.38
0.38
0.31
0.34
1.07
1.21
1.34
1.27
1.36
1.36
Interest Coverage Ratio
3.45
3.27
3.03
3.71
4.05
3.86
4.50
3.54
2.98
3.57
2.20
2.97
4.16
5.36
3.88
Dividend Payout Ratio %
34.73%
30.94%
50.74%
29.13%
30.15%
35.72%
30.39%
50.46%
47.25%
48.86%
93.56%
71.24%
32.46%
38.45%
47.57%
Total Payout
$-54.00
-3460.00
95.00
1054.00
-214.00
189.00
-1015.00
-4956.00
-861.00
-1125.00
-2377.00
-7261.00
-7669.00
-6435.00
-5123.00
20.39%Payout Ratio %
-2.04%
-106.64%
4.30%
24.35%
-4.66%
4.19%
-16.72%
-119.03%
-16.89%
-20.04%
-73.54%
-154.32%
-65.83%
-266.03%
-230.33%