NEXTERA ENERGY INC
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Regulated And Unregulated Operating Revenue | 27,412 | 24,753 | +10.7% |
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| Franchise and Gross Receipts Taxes [Member] | 1,114 | 1,053 | +5.8% |
| Franchise and Gross Receipts Taxes [Member] · FPL | 1,114 | 1,053 | +5.8% |
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| FPL · FPL | 18,262 | 17,019 | +7.3% |
| NEER Segment · Operating Segments | 8,760 | 7,542 | +16.1% |
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| FPL | 18,262 | 17,019 | +7.3% |
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| Corporate And Eliminations | 390 | 192 | +103.1% |
| Operating Segments | 27,022 | 24,561 | +10.0% |
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| Equity Method Investment Nonconsolidated Investee Other | 1,753 | 1,513 | +15.9% |
| Fuel Purchased Power And Interchange Expense | 4,944 | 5,029 | -1.7% |
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| FPL · FPL | 3,878 | 4,188 | -7.4% |
| NEER Segment · Operating Segments | 1,066 | 914 | +16.6% |
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| FPL | 3,878 | 4,188 | -7.4% |
| Utilities Operating Expense Maintenance And Operations | 5,399 | 4,857 | +11.2% |
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| FPL · FPL | 1,771 | 1,609 | +10.1% |
| NEER Segment · Operating Segments | 2,997 | 2,776 | +8.0% |
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| FPL | 1,771 | 1,609 | +10.1% |
| Depreciation And Amortization Excluding Nuclear Fuel | 6,580 | 5,462 | +20.5% |
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| FPL · FPL | 3,778 | 2,827 | +33.6% |
| NEER Segment · Operating Segments | 2,738 | 2,577 | +6.2% |
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| FPL | 3,778 | 2,827 | +33.6% |
| Taxes Excluding Income And Excise Taxes | 2,469 | 2,278 | +8.4% |
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| FPL · FPL | 2,016 | 1,904 | +5.9% |
| NEER Segment · Operating Segments | 450 | 371 | +21.3% |
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| FPL | 2,016 | 1,904 | +5.9% |
| Operating Expenses | 19,392 | 17,626 | +10.0% |
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| FPL | 11,443 | 10,528 | +8.7% |
| Disposal Group Not Discontinued Operation Gain Loss On Disposal | 260 | 352 | -26.1% |
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| FPL · Operating Segments | 1 | 1 | 0.0% |
| NEER Segment · Operating Segments | 268 | 361 | -25.8% |
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| FPL | 1 | 1 | 0.0% |
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| Corporate And Eliminations | -9 | -10 | +10.0% |
| Operating Segments | 269 | 362 | -25.7% |
| Operating Income | 8,280 | 7,479 | +10.7% |
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| FPL | 6,820 | 6,492 | +5.1% |
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| Equity Method Investment Nonconsolidated Investee Other | 84 | -325 | +125.8% |
| Interest Expense Aggregate Expenses | -4,572 | -2,235 | -104.6% |
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| FPL · FPL | -1,284 | -1,178 | -9.0% |
| NEER Segment · Operating Segments | -1,683 | -1,114 | -51.1% |
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| FPL | -1,284 | -1,178 | -9.0% |
| Income Loss From Equity Method Investments | -184 | -246 | +25.2% |
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| NEER Segment · Operating Segments | -193 | -267 | +27.7% |
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| Corporate And Eliminations | 9 | 21 | -57.1% |
| Operating Segments | -193 | -267 | +27.7% |
| Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity | 181 | 198 | -8.6% |
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| FPL | 172 | 189 | -9.0% |
| Gain Loss On Investments | 179 | 163 | +9.8% |
| Other Than Temporary Impairment Losses On Securities Held In Nuclear Decommissioning Funds | 107 | 107 | 0.0% |
| Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax | 267 | 235 | +13.6% |
| Other Non-Operating Income (Expense) | 272 | 336 | -19.0% |
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| FPL | 23 | 10 | +130.0% |
| Non-Operating Income (Expense) | -3,750 | -1,442 | -160.1% |
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| FPL | -1,089 | -979 | -11.2% |
| Income Before Taxes | 4,530 | 6,037 | -25.0% |
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| FPL | 5,731 | 5,513 | +4.0% |
| Income Tax Expense (Benefit) | -802 | 339 | -336.6% |
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| FPL · FPL | 719 | 970 | -25.9% |
| NEER Segment · Operating Segments | -1,140 | -655 | -74.0% |
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| FPL | 719 | 970 | -25.9% |
| Net Income | 5,332 | 5,698 | -6.4% |
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| Noncontrolling Interest | -1,507 | -1,266 | -19.0% |
| Parent | 6,835 | 6,946 | -1.6% |
| Retained Earnings | 6,835 | 6,946 | -1.6% |
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| FPL | 5,012 | 4,543 | +10.3% |
| Net Income Loss Attributable To Nonredeemable Noncontrolling Interest | -1,503 | -1,248 | -20.4% |
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| NEER Segment · Operating Segments | -1,503 | -1,248 | -20.4% |
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| Operating Segments | -1,503 | -1,248 | -20.4% |
| Net Income | 6,835 | 6,946 | -1.6% |
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| FPL · FPL | 5,012 | 4,543 | +10.3% |
| NEER Segment · Operating Segments | 2,975 | 2,299 | +29.4% |
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| Retained Earnings · FPL | 5,012 | 4,543 | +10.3% |
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| Corporate And Eliminations | -1,152 | 104 | -1207.7% |
| Operating Segments | 7,987 | 6,842 | +16.7% |
| EPS (Basic) | 3.31 | 3.38 | -2.1% |
| EPS (Diluted) | 3.3 | 3.37 | -2.1% |
| Comprehensive Income | 6,952 | 6,973 | -0.3% |
| Wtd Avg Shares (Basic) | 2,064.5 | 2,052.9 | +0.6% |
| Wtd Avg Shares (Diluted) | 2,070.6 | 2,059.2 | +0.6% |
| Interest Expense (FY) | — | — | — |
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| Foreign Exchange Contract · Nondesignated | -3 | -3 | 0.0% |
| Interest Rate Contract · Nondesignated | 1 | 2 | -50.0% |
| Net Income Loss Attributable To Noncontrolling Interest (FY) | — | — | — |
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| Equity Method Investment Nonconsolidated Investee Other | -194 | -82 | -136.6% |
| Revenue From Contract With Customer Including Assessed Tax | 25.8 | 23.5 | +9.8% |
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| FPL | 18.2 | 16.9 | +7.7% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,812 | 1,487 | +89.1% |
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| FPL | 42 | 32 | +31.2% |
| Accounts Receivable | 4,018 | 3,336 | +20.4% |
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| FPL | 1,667 | 1,400 | +19.1% |
| Other Receivables Net Current | 1,733 | 1,180 | +46.9% |
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| FPL | 413 | 380 | +8.7% |
| Inventory | 2,420 | 2,214 | +9.3% |
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| FPL | 1,373 | 1,309 | +4.9% |
| Regulatory Assets Current | 433 | 1,417 | -69.4% |
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| FPL | 401 | 1,405 | -71.5% |
| Derivative Assets Current | 997 | 879 | +13.4% |
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| FPL | 39 | 31 | +25.8% |
| Other Assets Current | 1,171 | 1,438 | -18.6% |
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| FPL | 255 | 257 | -0.8% |
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| Carrying Reported Amount Fair Value Disclosure | 340 | 396 | -14.1% |
| Total Current Assets | 13,584 | 11,951 | +13.7% |
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| FPL | 4,151 | 4,783 | -13.2% |
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| Property, Plant & Equipment | 156,197 | 138,852 | +12.5% |
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| NEER Segment · Operating Segments | 74,287 | 62,526 | +18.8% |
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| Variable Interest Entity Primary Beneficiary | 28,988 | 25,632 | +13.1% |
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| Corporate And Eliminations | 155 | 160 | -3.1% |
| Operating Segments | 156,042 | 138,692 | +12.5% |
| Defined Benefit Plan Assets For Plan Benefits Noncurrent | 2,868 | 2,496 | +14.9% |
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| FPL | 2,072 | 1,954 | +6.0% |
| Regulatory Assets Noncurrent | 5,639 | 4,828 | +16.8% |
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| FPL | 5,405 | 4,464 | +21.1% |
| Derivative Assets Noncurrent | 1,998 | 1,774 | +12.6% |
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| FPL | 1 | 9 | -88.9% |
| Goodwill | 4,849 | 4,866 | -0.3% |
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| Clean Energy Assets [Member] | 420 | 424 | -0.9% |
| Corporate And Other | 11 | 11 | 0.0% |
| Customer Supply [Member] | 299 | 299 | 0.0% |
| Rate-Regulated Assets [Member] | 1,154 | 1,167 | -1.1% |
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| FPL | 2,965 | 2,965 | 0.0% |
| Other Non-Current Assets | 11,104 | 9,459 | +17.4% |
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| FPL | 1,126 | 934 | +20.6% |
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| Estimate Of Fair Value Fair Value Disclosure | 195 | 233 | -16.3% |
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| Cash Sweep And Credit Support Agreement · Subsidiaries | 183 | 128 | +43.0% |
| Assets Noncurrent | 199,137 | 178,193 | +11.8% |
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| FPL | 101,007 | 93,358 | +8.2% |
| Total Assets | 212,721 | 190,144 | +11.9% |
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| FPL · Operating Segments | 105,158 | 98,141 | +7.1% |
| NEER Segment · Operating Segments | 103,528 | 89,398 | +15.8% |
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| FPL | 105,158 | 98,141 | +7.1% |
| Indirect Subsidiary of NextEra Energy Resources [Member] · Photovoltaic Solar Facility [Member] | 506 | 1,708 | -70.4% |
| NEER · Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member] | 28,768 | 23,902 | +20.4% |
| NextEra Energy Resources Consolidated VIE [Member] · 10% direct ownership in wind and solar facilities | 1,301 | 1,346 | -3.3% |
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| Corporate And Eliminations | 4,035 | 2,605 | +54.9% |
| Operating Segments | 208,686 | 187,539 | +11.3% |
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| Equity Method Investment Nonconsolidated Investee Other | 29,235 | 30,144 | -3.0% |
| Operating Lease Right-of-Use Assets | 442 | 372 | +18.8% |
| Intangible Assets | 1,630 | 1,578 | +3.3% |
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| Public Utilities Property Plant And Equipment Net (Q) | — | — | — |
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| FPL · Operating Segments | 81,755 | 76,166 | +7.3% |
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| FPL | 81,755 | 76,166 | +7.3% |
| Decommissioning Fund Investments | 10,954 | 9,800 | +11.8% |
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| FPL | 7,684 | 6,875 | +11.8% |
| Equity Method Investments | 5,528 | 6,118 | -9.6% |
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| NEER Segment · Operating Segments | 5,509 | 6,118 | -10.0% |
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| NEER | 2,123 | 2,838 | -25.2% |
| Subsidiaries of NEE [Member] · Other Investments | 2,525 | 3,315 | -23.8% |
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| Corporate And Eliminations | 19 | — | — |
| Operating Segments | 5,509 | 6,118 | -10.0% |
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| Mountain Valley Pipeline [Member] | 1.1 | 1 | +10.0% |
| XPLR | 1 | 1.8 | -44.4% |
| Current Liabilities | |||
| Commercial Paper | 1,955 | 1,670 | +17.1% |
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| FPL | 1,130 | 1,430 | -21.0% |
| Other Short Term Borrowings | 608 | 217 | +180.2% |
| Current Portion of Long-Term Debt | 3,500 | 8,061 | -56.6% |
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| Capital Holdings [Member] | 1,934 | 5,642 | -65.7% |
| FPL | 641 | 1,719 | -62.7% |
| NEER | 925 | 700 | +32.1% |
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| Variable Interest Entity Primary Beneficiary | 9 | 25 | -64.0% |
| Accounts Payable Current And Noncurrent | 7,583 | 6,982 | +8.6% |
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| FPL | 1,084 | 996 | +8.8% |
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| Variable Interest Entity Primary Beneficiary | 502 | 631 | -20.4% |
| Deferred Revenue (Current) | 709 | 694 | +2.2% |
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| FPL | 685 | 669 | +2.4% |
| Accrued Interest And Taxes | 1,185 | 1,016 | +16.6% |
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| FPL | 470 | 443 | +6.1% |
| Derivative Liabilities Current | 1,113 | 1,073 | +3.7% |
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| FPL | 15 | 3 | +400.0% |
| Construction Payable Current | 2,966 | 2,346 | +26.4% |
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| FPL | 1,153 | 860 | +34.1% |
| Regulatory Liability Current | 356 | 279 | +27.6% |
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| FPL | 344 | 273 | +26.0% |
| Other Liabilities Current | 2,842 | 3,017 | -5.8% |
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| FPL | 687 | 1,105 | -37.8% |
| Total Current Liabilities | 22,817 | 25,355 | -10.0% |
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| FPL | 6,194 | 7,495 | -17.4% |
| Non-Current Liabilities | |||
| Long-Term Debt | 89,556 | 72,385 | +23.7% |
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| Capital Holdings [Member] | 43,992 | 32,970 | +33.4% |
| FPL | 28,041 | 25,026 | +12.0% |
| NEER | 17,523 | 14,389 | +21.8% |
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| Variable Interest Entity Primary Beneficiary | 190 | 436 | -56.4% |
| Asset Retirement Obligations Noncurrent | 3,669 | 3,671 | -0.1% |
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| FPL | 2,158 | 2,276 | -5.2% |
| Deferred Tax Liabilities | 12,359 | 11,749 | +5.2% |
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| FPL | 10,156 | 9,438 | +7.6% |
| Regulatory Liability Noncurrent | 11,474 | 10,635 | +7.9% |
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| FPL | 11,280 | 10,465 | +7.8% |
| Derivative Liabilities Noncurrent | 2,148 | 2,008 | +7.0% |
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| FPL | 1 | 4 | -75.0% |
| Other Non-Current Liabilities | 4,219 | 3,480 | +21.2% |
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| FPL | 343 | 365 | -6.0% |
| Liabilities Noncurrent | 123,425 | 103,928 | +18.8% |
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| FPL | 51,978 | 47,570 | +9.3% |
| Total Liabilities | 146,242 | 129,283 | +13.1% |
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| FPL | 58,172 | 55,065 | +5.6% |
| Indirect Subsidiary of NextEra Energy Resources [Member] · Photovoltaic Solar Facility [Member] | 148 | 520 | -71.5% |
| NEER · Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member] | 1,485 | 1,546 | -3.9% |
| NextEra Energy Resources Consolidated VIE [Member] · 10% direct ownership in wind and solar facilities | 71 | 76 | -6.6% |
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| Equity Method Investment Nonconsolidated Investee Other | 8,726 | 7,501 | +16.3% |
| Long-Term Debt (Q) | — | — | — |
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| Capital Holdings [Member] | 45,926 | 38,612 | +18.9% |
| FPL | 28,682 | 26,745 | +7.2% |
| NEER | 18,448 | 15,089 | +22.3% |
| Stockholders' Equity | |||
| Common Stock | 21 | 21 | 0.0% |
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| FPL | 1,373 | 1,373 | 0.0% |
| Additional Paid In Capital Common Stock | 19,494 | 17,260 | +12.9% |
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| FPL | 26,866 | 26,868 | -0.0% |
| Retained Earnings | 35,102 | 32,946 | +6.5% |
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| FPL | 18,747 | 14,835 | +26.4% |
| Accumulated Other Comprehensive Income | -9 | -126 | +92.9% |
| Total Stockholders' Equity | 54,608 | 50,101 | +9.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 66,479 | 60,460 | +10.0% |
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| Accumulated Defined Benefit Plans Adjustment | 33 | -19 | +273.7% |
| Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest | 19 | 23 | -17.4% |
| Accumulated Other Comprehensive Income | -9 | -126 | +92.9% |
| Accumulated Translation Adjustment | -72 | -101 | +28.7% |
| Additional Paid In Capital | 19,494 | 17,260 | +12.9% |
| Additional Paid In Capital · FPL | 26,866 | 26,868 | -0.0% |
| Aoci Including Portion Attributable To Noncontrolling Interest | -9 | -126 | +92.9% |
| Common Stock | 21 | 21 | 0.0% |
| Common Stock · FPL | 1,373 | 1,373 | 0.0% |
| Noncontrolling Interest | 11,871 | 10,359 | +14.6% |
| Other Comprehensive Income Related to Equity Method Investees | 11 | 8 | +37.5% |
| Parent | 54,608 | 50,101 | +9.0% |
| Retained Earnings | 35,102 | 32,946 | +6.5% |
| Retained Earnings · FPL | 18,747 | 14,835 | +26.4% |
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| FPL | 46,986 | 43,076 | +9.1% |
| Total Liabilities & Equity | 212,721 | 190,144 | +11.9% |
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| FPL | 105,158 | 98,141 | +7.1% |
| Minority Interest | 11,871 | 10,359 | +14.6% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation And Amortization | 6,580 | 5,462 | +20.5% |
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| FPL | 3,778 | 2,827 | +33.6% |
| Nuclear Fuel And Other Amortization | 361 | 299 | +20.7% |
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| FPL | 164 | 172 | -4.7% |
| Unrealized Gain Loss On Derivatives And Commodity Contracts | 199 | -492 | +140.4% |
| Unrealized Gain Loss On On Equity Securities Held In Decommissioning Funds | -107 | -107 | 0.0% |
| Foreign Currency Transaction Gain Loss Before Tax | 110 | -85 | +229.4% |
| Deferred Income Taxes | 453 | 1,308 | -65.4% |
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| FPL | 617 | 602 | +2.5% |
| Cost Recovery Clauses And Franchise Fees | -89 | 1,016 | -108.8% |
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| FPL | -89 | 1,016 | -108.8% |
| Equity Method Investment Dividends Or Distributions | 446 | 811 | -45.0% |
| Gain Loss On Disposition Of Assets1 | -439 | -515 | +14.8% |
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| FPL | -1 | -1 | 0.0% |
| Increase Decrease In Recoverable Property Damage Costs | -460 | -676 | +32.0% |
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| FPL | -460 | -676 | +32.0% |
| Other Operating Activities Cash Flow Statement | 288 | 135 | +113.3% |
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| FPL | -7 | -14 | +50.0% |
| Increase Decrease In Other Current Assets | -920 | -382 | -140.8% |
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| FPL | -319 | 262 | -221.8% |
| Increase Decrease In Other Noncurrent Assets | -440 | -473 | +7.0% |
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| FPL | -199 | -167 | -19.2% |
| Increase Decrease In Other Current Liabilities | 487 | 767 | -36.5% |
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| FPL | 59 | -23 | +356.5% |
| Change in Other Liabilities | 500 | 248 | +101.6% |
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| FPL | -22 | -35 | +37.1% |
| Net Cash from Operations | 12,485 | 13,260 | -5.8% |
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| FPL | 8,533 | 8,506 | +0.3% |
| Investing Activities | |||
| Capital Expenditures Of F P L | -8,719 | -7,992 | -9.1% |
| Capital Expenditures Of Public Utility (FY) | — | — | — |
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| FPL | -8,719 | -7,992 | -9.1% |
| Independent Power Investments | -15,332 | -16,215 | +5.4% |
| Payments For Proceeds From Nuclear Fuel | -553 | -399 | -38.6% |
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| FPL | -216 | -222 | +2.7% |
| Other Capital Expenditures | -2 | -123 | +98.4% |
| Proceedsfrom Saleof Independent Power Investments | 1,115 | 2,659 | -58.1% |
| Proceeds From Decommissioning Fund | 5,401 | 5,445 | -0.8% |
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| FPL | 3,142 | 3,628 | -13.4% |
| Payments To Invest In Decommissioning Fund | -5,893 | -5,623 | -4.8% |
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| FPL | -3,295 | -3,801 | +13.3% |
| Other Investing Activities | 118 | -16 | +837.5% |
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| FPL | 7 | 3 | +133.3% |
| Net Cash from Investing | -23,865 | -22,264 | -7.2% |
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| FPL | -9,081 | -8,384 | -8.3% |
| Right Of Use Asset Obtained In Exchange For Finance Lease Liability | 344 | 533 | -35.5% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 23,394 | 24,769 | -5.6% |
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| FPL | 3,785 | 3,205 | +18.1% |
| Repayments Of Long Term Debt | -10,347 | -10,113 | -2.3% |
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| FPL | -1,821 | -1,721 | -5.8% |
| Sale Of Differential Membership Interests | 3,276 | 2,257 | +45.1% |
| Payments To Differential Membership Investors | -516 | -740 | +30.3% |
| Proceeds From Repayments Of Commercial Paper | 285 | -2,980 | +109.6% |
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| FPL | -300 | -944 | +68.2% |
| Proceeds From Other Short Term Debt | 2,558 | 6,575 | -61.1% |
| Repayments Of Other Short Term Debt | -2,167 | -6,613 | +67.2% |
| Proceeds From Repayments Of Related Party Debt | -131 | -1,371 | +90.4% |
| Proceeds From Issuance Of Common Stock | 2,038 | 48 | +4145.8% |
| Payments Of Dividends | 4,680 | 4,235 | +10.5% |
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| Retained Earnings · FPL | 1,100 | 3,700 | -70.3% |
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| FPL | 1,100 | 3,700 | -70.3% |
| Proceeds From Payments For Other Financing Activities | -731 | -597 | -22.4% |
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| FPL | -61 | -46 | -32.6% |
| Net Cash from Financing | 12,979 | 7,000 | +85.4% |
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| FPL | 503 | -61 | +924.6% |
| Supplemental | |||
| Interest Paid | 3,501 | 2,737 | +27.9% |
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| FPL | 1,225 | 1,143 | +7.2% |
| Income Taxes Paid Received Net | -1,275 | -760 | -67.8% |
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| FPL | 37 | 640 | -94.2% |
| Unpaid Capital Expenditures | 7,645 | 6,835 | +11.9% |
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| FPL | 1,532 | 1,169 | +31.1% |
| Income Taxes Paid | -1,275 | -760 | -67.8% |
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| FPL | 37 | 640 | -94.2% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 5 | -14 | +135.7% |
| Net Change in Cash | 1,604 | -2,018 | +179.5% |
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| FPL | -45 | 61 | -173.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 3,006 | 1,402 | +114.4% |
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| FPL | 88 | 133 | -33.8% |
Values in millions USD. Source: SEC EDGAR 10-K filing.