Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

NEE's segment information is as follows:


	2020
	FPL		Gulf Power(a)		NEER(b)		Corp. and Other		NEE Consolidated
	(millions)
Operating revenues	$	11,662	$	1,398	$	5,046	$	(109)	$	17,997
Operating expenses - net	$	7,862	$	1,081	$	4,125	$	166	$	13,234
Gains (losses) on disposal of businesses/assets - net	$	—	$	—	$	363	$	(10)	$	353
Interest expense	$	600	$	41	$	659	$	650	$	1,950
Interest income	$	2	$	2	$	28	$	6	$	38
Depreciation and amortization	$	2,246	$	281	$	1,460	$	65	$	4,052
Equity in losses of equity method investees	$	—	$	—	$	(1,351)	$	—	$	(1,351)
Income tax expense (benefit)(c)	$	610	$	67	$	(416)	$	(217)	$	44
Net income (loss)	$	2,650	$	238	$	(19)	$	(500)	$	2,369
Net income (loss) attributable to NEE	$	2,650	$	238	$	531	$	(500)	$	2,919
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	6,680	$	1,012	$	6,893	$	25	$	14,610
Property, plant and equipment - net	$	48,933	$	4,946	$	37,842	$	82	$	91,803
Total assets	$	61,610	$	6,725	$	55,633	$	3,716	$	127,684
Investment in equity method investees	$	—	$	—	$	5,713	$	15	$	5,728


	2019
	FPL		Gulf Power(a)		NEER(b)		Corp. and Other		NEE Consolidated
	(millions)
Operating revenues	$	12,192	$	1,487	$	5,639	$	(114)	$	19,204
Operating expenses - net(d)	$	8,895	$	1,216	$	4,037	$	109	$	14,257
Gains (losses) on disposal of businesses/assets - net(d)	$	5	$	—	$	402	$	(1)	$	406
Interest expense	$	594	$	55	$	873	$	727	$	2,249
Interest income	$	5	$	3	$	38	$	8	$	54
Depreciation and amortization	$	2,524	$	247	$	1,387	$	58	$	4,216
Equity in earnings (losses) of equity method investees	$	—	$	—	$	67	$	(1)	$	66
Income tax expense (benefit)(c)	$	441	$	42	$	162	$	(197)	$	448
Net income (loss)	$	2,334	$	180	$	1,426	$	(552)	$	3,388
Net income (loss) attributable to NEE	$	2,334	$	180	$	1,807	$	(552)	$	3,769
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	5,755	$	729	$	6,505	$	4,473	$	17,462
Property, plant and equipment - net	$	45,074	$	4,763	$	32,042	$	131	$	82,010
Total assets	$	57,188	$	5,855	$	51,516	$	3,132	$	117,691
Investment in equity method investees	$	—	$	—	$	7,453	$	—	$	7,453

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(a)See Note 6 - Gulf Power Company and - Merger of FPL and Gulf Power.

(b)Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.

(c)NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.

(d)FPL's income statement line for total operating expenses - net includes gains (losses) on disposal of businesses/assets - net.


	2018
	FPL		NEER(a)(b)		Corp. and Other		NEE Consolidated
	(millions)
Operating revenues	$	11,862	$	4,984	$	(119)	$	16,727
Operating expenses - net(c)	$	8,714	$	3,698	$	115	$	12,527
Gains (losses) on disposal of businesses/assets - net(c)	$	6	$	82	$	(8)	$	80
Interest expense	$	541	$	595	$	362	$	1,498
Interest income	$	4	$	40	$	7	$	51
Depreciation and amortization	$	2,633	$	1,230	$	48	$	3,911
Equity in earnings of equity method investees	$	—	$	321	$	37	$	358
Income tax expense (benefit)(d)	$	539	$	1,196	$	(159)	$	1,576
Net income (loss)	$	2,171	$	3,842	$	(237)	$	5,776
Net income (loss) attributable to NEE	$	2,171	$	4,704	$	(237)	$	6,638
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	5,135	$	7,189	$	680	$	13,004
Property, plant and equipment - net	$	41,499	$	28,602	$	233	$	70,334
Total assets	$	53,484	$	44,509	$	5,709	$	103,702
Investment in equity method investees	$	—	$	6,521	$	227	$	6,748

_________________________

(a)Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.

(b)NEP was deconsolidated from NEER in January 2018. See Note 1 - Basis of Presentation.

(c)FPL's income statement line for total operating expenses - net includes gains (losses) on disposal of businesses/assets - net.

(d)NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.