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Segment Information
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information

The table below presents information for NEE's two reportable segments, FPL, a rate-regulated utility business, and NEER, a competitive energy business, as well as for Gulf Power, a rate-regulated utility business acquired in January 2019. Corporate and Other represents other business activities and includes eliminating entries.

 
Three Months Ended June 30,
 
2019
 
2018(a)
 
FPL
 
Gulf Power(b)
 
NEER(c)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(c)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
3,158

 
$
366

 
$
1,437

 
$
9

 
$
4,970

 
$
2,908

 
$
1,156

 
$
(1
)
 
$
4,063

Operating expenses - net
$
2,304

 
$
298

 
$
584

 
$
37

 
$
3,223

 
$
1,987

 
$
886

 
$
44


$
2,917

Net income (loss) attributable to NEE
$
663

 
$
45

 
$
661

(d) 
$
(135
)
 
$
1,234

 
$
626

 
$
260

(d) 
$
(105
)
 
$
781

 
Six Months Ended June 30,
 
2019
 
2018(a)
 
FPL
 
Gulf Power(b)
 
NEER(c)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(c)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
5,776

 
$
694

 
$
2,572

 
$
2

 
$
9,044

 
$
5,528

 
$
2,396

 
$
(4
)
 
$
7,920

Operating expenses - net
$
4,064

 
$
569

 
$
1,448

 
$
81

 
$
6,162

 
$
3,900

 
$
1,728


$
87


$
5,715

Net income (loss) attributable to NEE
$
1,251

 
$
81

 
$
963

(d) 
$
(381
)
 
$
1,914

 
$
1,110

 
$
4,189

(d)(e) 
$
(87
)
 
$
5,212

———————————————
(a)
Amounts have been retrospectively adjusted for an accounting standards update related to leases.
(b)
See Note 7 - Gulf Power.
(c)
Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NEER subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(d)
See Note 6 for a discussion of NEER's tax benefits related to PTCs.
(e)
Includes gain on deconsolidation of NEP. See Note 2.


 
June 30, 2019
 
December 31, 2018
 
FPL
 
Gulf Power(a)
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Total assets
$
55,263

 
$
5,405

 
$
45,230

 
$
4,654

 
$
110,552

 
$
53,484

 
$
43,530

 
$
6,688

 
$
103,702


———————————————
(a)
See Note 7 - Gulf Power.