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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING REVENUES $ 2,890 $ 3,726
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,366 906
Other operations and maintenance 959 989
Depreciation and amortization 885 749
Taxes other than income taxes and other – net 478 427
Total operating expenses – net 3,688 3,071
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 23 14
OPERATING INCOME (LOSS) (775) 669
OTHER INCOME (DEDUCTIONS)    
Interest expense 142 421
Equity in earnings (losses) of equity method investees (453) 440
Allowance for equity funds used during construction 37 29
Gains on disposal of investments and other property – net 18 29
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (136) 58
Other net periodic benefit income 70 64
Other – net 45 38
Total other income (deductions) – net (277) 1,079
INCOME (LOSS) BEFORE INCOME TAXES (1,052) 1,748
INCOME TAX EXPENSE (BENEFIT) (359) 250
NET INCOME (LOSS) (693) 1,498
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 242 168
Net income (loss) attributable to NEE $ (451) $ 1,666
Earnings (loss) per share of common stock:    
Basic (in dollars per share) $ (0.23) $ 0.85
Assuming dilution (in dollars per share) $ (0.23) $ 0.84
Florida Power & Light Company    
OPERATING REVENUES $ 3,712 $ 2,970
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,200 772
Other operations and maintenance 396 385
Depreciation and amortization 463 339
Taxes other than income taxes and other – net 410 360
Total operating expenses – net 2,469 1,856
OPERATING INCOME (LOSS) 1,243 1,114
OTHER INCOME (DEDUCTIONS)    
Interest expense (173) (155)
Allowance for equity funds used during construction 34 27
Total other income (deductions) – net (139) (128)
INCOME (LOSS) BEFORE INCOME TAXES 1,104 986
INCOME TAX EXPENSE (BENEFIT) 229 209
NET INCOME (LOSS) [1] $ 875 $ 777
[1] FPL's comprehensive income is the same as reported net income.