XML 56 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment information
 
Three Months Ended September 30,
 
2013
 
2012
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
3,020

 
$
1,281

 
$
93

 
$
4,394

 
$
2,975

 
$
808

 
$
60

 
$
3,843

Operating expenses
$
2,242

 
$
904

 
$
63

 
$
3,209

 
$
2,256

 
$
793

(b) 
$
52

 
$
3,101

Net income (loss)
$
422

 
$
281

(c) 
$
(5
)
 
$
698

 
$
392

 
$
44

(c) 
$
(21
)

$
415


 
Nine Months Ended September 30,
 
2013
 
2012
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
7,905

 
$
3,343

 
$
258

 
$
11,506

 
$
7,778

 
$
2,929

 
$
174

 
$
10,881

Operating expenses
$
5,860

 
$
2,860

(d) 
$
185

 
$
8,905

 
$
5,916

 
$
2,271

(b) 
$
149

 
$
8,336

Income from continuing operations
$
1,101

 
$
295

(c) 
$
(3
)
 
$
1,393

 
$
984

 
$
516

(c) 
$
(18
)
 
$
1,482

Net gain from discontinued operations, net of income taxes(e)
$

 
$
175

 
$
13

 
$
188

 
$

 
$

 
$

 
$

Net income (loss)
$
1,101

 
$
470

(c) 
$
10

 
$
1,581

 
$
984

 
$
516

(c) 
$
(18
)
 
$
1,482


 
September 30, 2013
 
December 31, 2012
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Total assets
$
36,168

 
$
28,525

 
$
2,473

 
$
67,166

 
$
34,853

 
$
27,139

(f) 
$
2,447

 
$
64,439

————————————
(a)
Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt.  For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate and Other.
(b)
Amount is restated to conform to current year's presentation.
(c)
Includes NEER's tax benefits related to PTCs and for the nine months ended September 30, 2013 also includes after-tax charges of $342 million associated with the impairment of the Spain solar projects.  See Note 3 - Nonrecurring Fair Value Measurements and Note 5.
(d)
Includes an impairment charge on NEER's Spain solar projects of $300 million.  See Note 3 - Nonrecurring Fair Value Measurements.
(e)
See Note 6.
(f)
Includes assets held for sale of approximately $335 million.