NEXTERA ENERGY INC

Listed Company

NEE-PWCIK 0000753308NYSELarge AcceleratedElectric ServicesFloridaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$6.83B

Total Assets

$212.72B

Equity

$54.61B

Shares Out

2.09B

Op. Cash Flow

$12.48B

Business

NEXTERA ENERGY INC is an electric power and energy infrastructure company that develops, owns and operates generation, storage and transmission assets and provides related energy services. It offers electric energy and capacity, renewable energy from wind and solar, battery storage, nuclear and natural gas generation, transmission services, renewable energy credits and energy marketing and trading. Its key business segments are a rate-regulated retail utility (FPL) and a competitive energy and rate-regulated transmission business (NEER). It serves markets across North America, including retail customers in Florida and wholesale customers in U.S. and Canadian competitive markets via long‑term contracts, spot markets and regulated transmission.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
OPERATING REVENUES	27,412	24,753	28,114	20,956	17,069
Fuel, purchased power and interchange	4,944	5,029	5,457	6,389	4,527
Other operations and maintenance	5,399	4,857	4,681	4,428	3,981
Depreciation and amortization	6,580	5,462	5,879	4,503	3,924
Taxes other than income taxes and other net	2,469	2,278	2,265	2,077	1,801
Total operating expenses net	19,392	17,626	18,282	17,397	14,233
GAINS ON DISPOSAL OF BUSINESSES/ASSETS NET	260	352	405	522	77
OPERATING INCOME	8,280	7,479	10,237	4,081	2,913
Interest Expense	−4,572	−2,235	−3,324	−585	−1,270
Equity in earnings (losses) of equity method investees	−184	−246	−648	203	666
Allowance for equity funds used during construction	181	198	161	112	142
Gains on disposal of investments and other property net	179	163	125	80	70
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds net	107	107	159	−461	267
Other net periodic benefit income	267	235	245	202	257
Other net	272	336	333	200	130
Total other income (deductions) net	−3,750	−1,442	−2,949	−249	262
INCOME BEFORE INCOME TAXES	4,530	6,037	7,288	3,832	3,175
INCOME TAX EXPENSE (BENEFIT)	−802	339	1,006	586	348
NET INCOME	5,332	5,698	6,282	3,246	2,827
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	−1,503	−1,248	−1,028	−901	—
NET INCOME ATTRIBUTABLE TO NEE	6,835	6,946	7,310	4,147	3,573
Basic	3.31	3.38	3.61	2.1	1.82
Assuming dilution	3.3	3.37	3.6	2.1	1.81

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,812	1,487	2,690	1,601	639
Customer receivables, net	4,018	3,336	3,609	4,349	3,378
Other receivables	1,733	1,180	944	744	730
Materials, supplies and fuel inventory	2,420	2,214	2,106	1,934	1,561
Regulatory assets	433	1,417	1,460	2,165	1,125
Derivatives	997	879	1,730	1,590	689
Other	1,171	1,438	1,335	789	1,166
Total current assets	13,584	11,951	15,361	13,490	9,288
Property, plant and equipment net	156,197	138,852	125,776	111,059	99,348
Special use funds	10,954	9,800	8,698	7,496	8,922
Investment in equity method investees	5,528	6,118	6,156	6,582	6,159
Prepaid benefit costs	2,868	2,496	2,112	1,832	2,243
Regulatory assets	5,639	4,828	4,801	5,992	4,578
Derivatives	1,998	1,774	1,790	1,935	1,135
Goodwill	4,849	4,866	5,091	4,854	4,844
Other	11,104	9,459	7,704	5,695	4,395
Total other assets	199,137	178,193	162,128	145,445	131,624
TOTAL ASSETS	212,721	190,144	177,489	158,935	140,912
Commercial paper	1,955	1,670	4,650	1,709	1,382
Other short-term debt	608	217	255	1,368	700
Current portion of long-term debt	3,500	8,061	6,901	6,633	1,785
Accounts payable	7,583	6,982	8,504	8,312	6,935
Customer deposits	709	694	638	560	485
Accrued interest and taxes	1,185	1,016	970	719	525
Derivatives	1,113	1,073	845	2,102	1,263
Accrued construction-related expenditures	2,966	2,346	1,861	1,760	1,378
Regulatory liabilities	356	279	340	350	289
Other	2,842	3,017	2,999	3,182	2,695
Total current liabilities	22,817	25,355	27,963	26,695	17,437
Long-term debt	89,556	72,385	61,405	55,256	50,960
Asset retirement obligations	3,669	3,671	3,403	3,245	3,082
Deferred income taxes	12,359	11,749	10,142	9,072	8,310
Regulatory liabilities	11,474	10,635	10,049	9,626	11,273
Derivatives	2,148	2,008	2,741	2,909	1,713
Other	4,219	3,480	2,762	2,696	2,468
Total other liabilities and deferred credits	123,425	103,928	90,502	82,804	77,806
TOTAL LIABILITIES	146,242	129,283	118,465	109,499	95,243
COMMITMENTS AND CONTINGENCIES	—	—	—	—	—
REDEEMABLE NONCONTROLLING INTERESTS VIEs	0	401	1,256	1,110	245
Common stock	21	21	21	20	20
Additional paid-in capital	19,494	17,260	17,365	12,720	11,271
Retained earnings	35,102	32,946	30,235	26,707	25,911
Accumulated other comprehensive loss	−9	−126	−153	−218	0
Total common shareholders' equity	54,608	50,101	47,468	39,229	37,202
Noncontrolling interests	11,871	10,359	10,300	9,097	8,222
TOTAL EQUITY	66,479	60,460	57,768	48,326	45,424
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	212,721	190,144	177,489	158,935	140,912

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	6,580	5,462	5,879	4,503	3,924
Nuclear fuel and other amortization	361	299	272	287	290
Unrealized losses (gains) on marked to market derivative contracts net	199	−492	−1,949	1,378	2,005
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds net	−107	−107	−159	461	−267
Foreign currency transaction losses (gains)	110	−85	92	−104	−94
Deferred income taxes	453	1,308	708	534	436
Cost recovery clauses and franchise fees	−89	1,016	1,104	−1,465	−599
Distributions of earnings from equity method investees	446	811	712	541	526
Gains on disposal of businesses, assets and investments net	−439	−515	−530	−602	−146
Recoverable storm-related costs	−460	−676	−399	−811	−138
Other net	288	135	34	85	−59
Current assets	−920	−382	58	−1,340	−1,267
Noncurrent assets	−440	−473	−408	−89	−324
Current liabilities	487	767	−1,109	1,702	1,053
Noncurrent liabilities	500	248	66	139	52
Net cash provided by operating activities	12,485	13,260	11,301	8,262	7,553
Capital expenditures of FPL	−8,719	−7,992	−9,302	−9,067	−7,408
Independent power and other investments of NEER	−15,332	−16,215	−15,565	−9,541	−8,247
Nuclear fuel purchases	−553	−399	−185	−223	−275
Other capital expenditures	−2	−123	−61	−452	−147
Proceeds from the sale of Florida City Gas business	0	0	924	0	0
Sale of independent power and other investments of NEER	1,115	2,659	1,883	1,564	2,761
Proceeds from sale or maturity of securities in special use funds and other investments	5,401	5,445	4,875	3,857	4,995
Purchases of securities in special use funds and other investments	−5,893	−5,623	−5,926	−4,586	−5,310
Other net	118	−16	−110	89	40
Net cash used in investing activities	−23,865	−22,264	−23,467	−18,359	−13,591
Issuances of long-term debt, including premiums and discounts	23,394	24,769	13,857	13,856	16,683
Retirements of long-term debt	−10,347	−10,113	−7,978	−4,525	−9,594
Proceeds from differential membership investors	3,276	2,257	2,745	4,158	2,779
Payments to differential membership investors	−516	−740	−75	−179	—
Net change in commercial paper	285	−2,980	2,941	327	−169
Proceeds from other short-term debt	2,558	6,575	1,980	1,755	0
Repayments of other short-term debt	−2,167	−6,613	−2,613	−1,125	−257
Cash swept from (repayments to) related parties net	−131	−1,371	1,213	240	47
Issuances of common stock/equity units	2,038	48	4,514	1,514	14
Dividends on common stock	−4,680	−4,235	−3,782	−3,352	−3,024
Other net	−731	−597	−653	−440	−737
Net cash provided by (used in) financing activities	12,979	7,000	12,149	12,229	5,807
Effects of currency translation on cash, cash equivalents and restricted cash	5	−14	−4	−7	1
Net increase (decrease) in cash, cash equivalents and restricted cash	1,604	−2,018	−21	2,125	−230
Cash paid for interest (net of amount capitalized)	3,501	2,737	2,463	1,375	1,323
Cash paid (received) for income taxes net	−1,275	−760	321	−32	−69
Accrued property additions	7,645	6,835	7,104	6,005	4,995
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	344	533	124	204	120

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