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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES $ 6,719 $ 4,370 $ 14,792 $ 12,023
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,933 1,383 4,888 3,393
Other operations and maintenance 1,225 910 3,161 2,764
Depreciation and amortization 1,289 1,230 3,332 2,960
Taxes other than income taxes and other – net 581 481 1,572 1,368
Total operating expenses – net 5,028 4,004 12,953 10,485
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 171 13 196 20
OPERATING INCOME 1,862 379 2,035 1,558
OTHER INCOME (DEDUCTIONS)        
Interest expense (259) (335) 100 (671)
Equity in earnings of equity method investees 196 109 180 465
Allowance for equity funds used during construction 20 37 88 100
Gains on disposal of investments and other property – net 51 17 83 69
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (141) (26) (569) 137
Other net periodic benefit income 70 64 159 193
Other – net 83 32 160 107
Total other income (deductions) – net 20 (102) 201 400
INCOME BEFORE INCOME TAXES 1,882 277 2,236 1,958
INCOME TAX EXPENSE (BENEFIT) 323 (27) 257 84
NET INCOME 1,559 304 1,979 1,874
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 137 143 646 495
Net income (loss) attributable to NEE $ 1,696 $ 447 $ 2,625 $ 2,369
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 0.86 $ 0.23 $ 1.33 $ 1.21
Assuming dilution (in dollars per share) $ 0.86 $ 0.23 $ 1.33 $ 1.20
Florida Power & Light Company        
OPERATING REVENUES $ 5,075 $ 4,134 $ 13,211 $ 10,673
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,733 1,218 4,364 2,953
Other operations and maintenance 511 416 1,349 1,211
Depreciation and amortization 829 815 2,006 1,724
Taxes other than income taxes and other – net 495 419 1,340 1,175
Total operating expenses – net 3,568 2,868 9,059 7,063
OPERATING INCOME 1,507 1,266 4,152 3,610
OTHER INCOME (DEDUCTIONS)        
Interest expense (200) (152) (554) (461)
Allowance for equity funds used during construction 19 35 82 93
Other – net 9 8 10 11
Total other income (deductions) – net (172) (109) (462) (357)
INCOME BEFORE INCOME TAXES 1,335 1,157 3,690 3,253
INCOME TAX EXPENSE (BENEFIT) 261 230 751 667
NET INCOME [1] $ 1,074 $ 927 $ 2,939 $ 2,586
[1] FPL's comprehensive income is the same as reported net income.