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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING REVENUES $ 17,069 $ 17,997 $ 19,204
OPERATING EXPENSES      
Fuel, purchased power and interchange 4,527 3,539 4,363
Other operations and maintenance 3,953 3,751 3,640
Storm restoration costs 28 183 234
Depreciation and amortization 3,924 4,052 4,216
Taxes other than income taxes and other – net 1,801 1,709 1,804
Total operating expenses – net 14,233 13,234 14,257
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET 77 353 406
Operating income 2,913 5,116 5,353
OTHER INCOME (DEDUCTIONS)      
Interest Expense (1,270) (1,950) (2,249)
Equity in earnings (losses) of equity method investees 666 (1,351) 66
Allowance for equity funds used during construction 142 93 67
Gains on disposal of investments and other property – net 70 50 55
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net 267 163 238
Other net periodic benefit income 257 200 185
Other – net 130 92 121
Total other income (deductions) – net 262 (2,703) (1,517)
INCOME BEFORE INCOME TAXES 3,175 2,413 3,836
INCOME TAXES 348 44 448
NET INCOME 2,827 2,369 3,388
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 746 550 381
NET INCOME ATTRIBUTABLE TO NEE $ 3,573 $ 2,919 $ 3,769
Earnings per share attributable to NEE:      
Basic $ 1.82 $ 1.49 $ 1.95
Assuming dilution $ 1.81 $ 1.48 $ 1.94
FPL [Member]      
OPERATING REVENUES $ 14,102 $ 13,060 [1] $ 13,680 [1]
OPERATING EXPENSES      
Fuel, purchased power and interchange 3,956 3,060 [1] 3,802 [1]
Other operations and maintenance 1,803 1,707 [1] 1,790 [1]
Storm restoration costs 28 183 [1] 234 [1]
Depreciation and amortization 2,266 2,526 [1] 2,771 [1]
Taxes other than income taxes and other – net 1,533 1,464 [1] 1,504 [1]
Total operating expenses – net 9,586 8,940 [1] 10,101 [1]
Operating income 4,516 4,120 [1] 3,579 [1]
OTHER INCOME (DEDUCTIONS)      
Interest Expense (615) (641) [1] (649) [1]
Allowance for equity funds used during construction 132 87 [1] 66 [1]
Other – net 11 2 [1] 7 [1]
Total other income (deductions) – net (472) (552) [1] (576) [1]
INCOME BEFORE INCOME TAXES 4,044 3,568 [1] 3,003 [1]
INCOME TAXES 838 678 [1] 484 [1]
NET INCOME [2] $ 3,206 $ 2,890 [1] $ 2,519 [1]
[1] Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 6 – Merger of FPL and Gulf Power Company.
[2] FPL's comprehensive income is the same as reported net income.