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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUES $ 5,183 $ 3,927 $ 8,073 $ 7,653
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,589 1,103 2,955 2,009
Other operations and maintenance 977 866 1,936 1,854
Depreciation and amortization 1,159 981 2,043 1,730
Taxes other than income taxes and other – net 511 460 991 888
Total operating expenses – net 4,236 3,410 7,925 6,481
GAINS (LOSSES) ON DISPOSAL OF BUSINESSES/ASSETS – NET 1 (7) 25 7
OPERATING INCOME 948 510 173 1,179
OTHER INCOME (DEDUCTIONS)        
Interest expense 217 (757) 359 (336)
Equity in earnings (losses) of equity method investees 436 (84) (16) 356
Allowance for equity funds used during construction 30 34 67 63
Gains on disposal of investments and other property – net 15 22 33 52
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net (292) 105 (428) 162
Other net periodic benefit income 19 64 89 128
Other – net 34 38 78 77
Total other income (deductions) – net 459 (578) 182 502
INCOME (LOSS) BEFORE INCOME TAXES 1,407 (68) 355 1,681
INCOME TAX EXPENSE (BENEFIT) 294 (140) (65) 111
NET INCOME 1,113 72 420 1,570
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 267 184 509 352
Net income (loss) attributable to NEE $ 1,380 $ 256 $ 929 $ 1,922
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ 0.70 $ 0.13 $ 0.47 $ 0.98
Assuming dilution (in dollars per share) $ 0.70 $ 0.13 $ 0.47 $ 0.98
Florida Power & Light Company        
OPERATING REVENUES $ 4,425 $ 3,569 $ 8,137 $ 6,539
OPERATING EXPENSES        
Fuel, purchased power and interchange 1,431 963 2,631 1,735
Other operations and maintenance 441 410 838 795
Depreciation and amortization 715 571 1,177 910
Taxes other than income taxes and other – net 436 395 846 755
Total operating expenses – net 3,023 2,339 5,492 4,195
OPERATING INCOME 1,402 1,230 2,645 2,344
OTHER INCOME (DEDUCTIONS)        
Interest expense (181) (154) (354) (309)
Allowance for equity funds used during construction 28 31 62 58
Other – net 0 3 0 4
Total other income (deductions) – net (153) (120) (292) (247)
INCOME (LOSS) BEFORE INCOME TAXES 1,249 1,110 2,353 2,097
INCOME TAX EXPENSE (BENEFIT) 260 228 489 437
NET INCOME [1] $ 989 $ 882 $ 1,864 $ 1,660
[1] FPL's comprehensive income is the same as reported net income.