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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES $ 5,731 $ 6,716
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,206 1,367
Other operations and maintenance 1,123 1,067
Depreciation and amortization 898 822
Taxes other than income taxes and other – net 549 516
Total operating expenses – net 3,776 3,772
GAINS (LOSSES) ON DISPOSAL OF BUSINESSES/ASSETS – NET 58 (2)
OPERATING INCOME 2,013 2,942
OTHER INCOME (DEDUCTIONS)    
Interest expense (323) (1,183)
Equity in earnings of equity method investees 203 101
Allowance for equity funds used during construction 56 31
Gains (losses) on disposal of investments and other property – net 15 (4)
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 128 94
Other net periodic benefit income 38 60
Other – net 34 130
Total other income (deductions) – net 151 (771)
INCOME BEFORE INCOME TAXES 2,164 2,171
INCOME TAXES 227 386
NET INCOME 1,937 1,785
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 331 301
Net income (loss) attributable to NEE $ 2,268 $ 2,086
Earnings (loss) per share of common stock:    
Basic (in dollars per share) $ 1.11 $ 1.04
Assuming dilution (in dollars per share) $ 1.10 $ 1.04
Florida Power & Light Company    
OPERATING REVENUES $ 3,834 $ 3,919
OPERATING EXPENSES    
Fuel, purchased power and interchange 1,034 1,214
Other operations and maintenance 361 380
Depreciation and amortization 303 335
Taxes other than income taxes and other – net 460 444
Total operating expenses – net 2,158 2,373
OPERATING INCOME 1,676 1,546
OTHER INCOME (DEDUCTIONS)    
Interest expense (279) (249)
Allowance for equity funds used during construction 53 30
Other – net 1 5
Total other income (deductions) – net (225) (214)
INCOME BEFORE INCOME TAXES 1,451 1,332
INCOME TAXES 279 262
NET INCOME [1] $ 1,172 $ 1,070
[1] FPL's comprehensive income is the same as reported net income.