NEXTERA ENERGY INC
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Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Regulated And Unregulated Operating Revenue | 6,500 | 5,385 | +20.7% |
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| FPL · FPL | 4,273 | 3,856 | +10.8% |
| NEER Segment · Operating Segments | 2,117 | 1,448 | +46.2% |
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| FPL | 4,273 | 3,856 | +10.8% |
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| Corporate And Eliminations | 110 | 81 | +35.8% |
| Operating Segments | 6,390 | 5,304 | +20.5% |
| Fuel Purchased Power And Interchange Expense | 1,173 | 1,092 | +7.4% |
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| FPL · FPL | 872 | 866 | +0.7% |
| NEER Segment · Operating Segments | 300 | 226 | +32.7% |
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| FPL | 872 | 866 | +0.7% |
| Utilities Operating Expense Maintenance And Operations | 1,596 | 1,316 | +21.3% |
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| FPL · FPL | 517 | 438 | +18.0% |
| NEER Segment · Operating Segments | 871 | 721 | +20.8% |
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| FPL | 517 | 438 | +18.0% |
| Depreciation And Amortization Excluding Nuclear Fuel | 1,616 | 1,513 | +6.8% |
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| FPL · FPL | 905 | 856 | +5.7% |
| NEER Segment · Operating Segments | 695 | 642 | +8.3% |
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| FPL | 905 | 856 | +5.7% |
| Taxes Excluding Income And Excise Taxes | 592 | 557 | +6.3% |
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| FPL · FPL | 472 | 449 | +5.1% |
| NEER Segment · Operating Segments | 122 | 109 | +11.9% |
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| FPL | 473 | 449 | +5.3% |
| Operating Expenses | 4,977 | 4,478 | +11.1% |
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| FPL | 2,767 | 2,609 | +6.1% |
| Disposal Group Not Discontinued Operation Gain Loss On Disposal | 63 | 34 | +85.3% |
| Operating Income | 1,586 | 941 | +68.5% |
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| FPL | 1,507 | 1,248 | +20.8% |
| Interest Expense Aggregate Expenses | -585 | 725 | -180.7% |
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| FPL · FPL | -320 | -304 | -5.3% |
| NEER Segment · Operating Segments | -316 | -47 | -572.3% |
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| FPL | -320 | -304 | -5.3% |
| Income Loss From Equity Method Investments | 82 | -845 | +109.7% |
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| NEER Segment · Operating Segments | 82 | -845 | +109.7% |
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| Corporate And Eliminations | 0 | 0 | — |
| Operating Segments | 82 | -845 | +109.7% |
| Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity | 51 | 51 | 0.0% |
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| FPL | 49 | 50 | -2.0% |
| Gain Loss On Investments | 10 | 31 | -67.7% |
| Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax | 66 | 64 | +3.1% |
| Other Non-Operating Income (Expense) | 66 | 118 | -44.1% |
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| FPL | 10 | 8 | +25.0% |
| Non-Operating Income (Expense) | -268 | 103 | -360.2% |
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| FPL | -261 | -246 | -6.1% |
| Income Before Taxes | 1,318 | 1,044 | +26.2% |
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| FPL | 1,246 | 1,002 | +24.4% |
| Income Tax Expense (Benefit) | 225 | 171 | +31.6% |
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| FPL · FPL | 288 | 157 | +83.4% |
| NEER Segment · Operating Segments | -67 | -258 | +74.0% |
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| FPL | 288 | 157 | +83.4% |
| Net Income | 1,093 | 873 | +25.2% |
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| Noncontrolling Interest | -442 | -331 | -33.5% |
| Parent | 1,535 | 1,203 | +27.6% |
| Retained Earnings | 1,535 | 1,203 | +27.6% |
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| FPL | 958 | 845 | +13.4% |
| Net Income Loss Attributable To Nonredeemable Noncontrolling Interest | -442 | -330 | -33.9% |
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| NEER Segment · Operating Segments | -442 | -330 | -33.9% |
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| Operating Segments | -442 | -330 | -33.9% |
| Net Income | 1,535 | 1,203 | +27.6% |
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| FPL · FPL | 958 | 845 | +13.4% |
| NEER Segment · Operating Segments | 545 | -442 | +223.3% |
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| Corporate And Eliminations | 32 | 800 | -96.0% |
| Operating Segments | 1,503 | 403 | +273.0% |
| EPS (Basic) | 0.74 | 0.58 | +27.6% |
| EPS (Diluted) | 0.73 | 0.58 | +25.9% |
| Comprehensive Income | 1,598 | 1,209 | +32.2% |
| Wtd Avg Shares (Basic) | 5.5 | 0.4 | +1275.0% |
| Wtd Avg Shares (Diluted) | 6.3 | 0.9 | +600.0% |
| Interest Expense (Q) | — | — | — |
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| Foreign Exchange Contract · Nondesignated | -1 | -1 | 0.0% |
| Interest Rate Contract · Nondesignated | 0 | 1 | -100.0% |
| Revenue From Contract With Customer Including Assessed Tax | 6.1 | 5.3 | +15.1% |
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| FPL | 4.2 | 3.7 | +13.5% |
Balance Sheet
| Metric | Q4 2025 | Q4 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% |
| Non-Current Assets | |||
| 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% |
| Other Assets | |||
| 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 | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation And Amortization | 1,616 | 1,513 | +6.8% |
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| FPL | 905 | 856 | +5.7% |
| Nuclear Fuel And Other Amortization | 99 | 69 | +43.5% |
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| FPL | 46 | 35 | +31.4% |
| Unrealized Gain Loss On Derivatives And Commodity Contracts | -600 | -1,006 | +40.4% |
| Foreign Currency Transaction Gain Loss Before Tax | 83 | -84 | +198.8% |
| Deferred Income Taxes | 913 | 758 | +20.4% |
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| FPL | 516 | 368 | +40.2% |
| Cost Recovery Clauses And Franchise Fees | -72 | 70 | -202.9% |
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| FPL | -72 | 70 | -202.9% |
| Equity Method Investment Dividends Or Distributions | 93 | 170 | -45.3% |
| Gain Loss On Disposition Of Assets1 | -73 | -65 | -12.3% |
| Increase Decrease In Recoverable Property Damage Costs | -42 | -537 | +92.2% |
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| FPL | -42 | -537 | +92.2% |
| Other Operating Activities Cash Flow Statement | 51 | 171 | -70.2% |
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| FPL | -25 | -9 | -177.8% |
| Increase Decrease In Other Current Assets | -245 | -236 | -3.8% |
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| FPL | 366 | 413 | -11.4% |
| Increase Decrease In Other Noncurrent Assets | -94 | -336 | +72.0% |
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| FPL | -36 | -58 | +37.9% |
| Increase Decrease In Other Current Liabilities | -319 | -237 | -34.6% |
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| FPL | -909 | -791 | -14.9% |
| Change in Other Liabilities | 185 | 120 | +54.2% |
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| FPL | -8 | -26 | +69.2% |
| Net Cash from Operations | 2,499 | 1,981 | +26.1% |
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| FPL | 1,698 | 1,165 | +45.8% |
| Investing Activities | |||
| Capital Expenditures Of F P L | -1,983 | -1,771 | -12.0% |
| Independent Power Investments | -3,056 | -2,779 | -10.0% |
| Payments For Proceeds From Nuclear Fuel | -242 | -65 | -272.3% |
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| FPL | -93 | -34 | -173.5% |
| Proceedsfrom Saleof Independent Power Investments | 116 | 451 | -74.3% |
| Proceeds From Decommissioning Fund | 1,204 | 2,127 | -43.4% |
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| FPL | 683 | 1,357 | -49.7% |
| Payments To Invest In Decommissioning Fund | -1,323 | -1,853 | +28.6% |
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| FPL | -709 | -1,403 | +49.5% |
| Other Investing Activities | 69 | 16 | +331.2% |
| Net Cash from Investing | -5,212 | -3,880 | -34.3% |
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| FPL | -2,118 | -1,848 | -14.6% |
| Right Of Use Asset Obtained In Exchange For Finance Lease Liability | 82 | 51 | +60.8% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 8,148 | 8,594 | -5.2% |
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| FPL | 1,789 | 0 | — |
| Repayments Of Long Term Debt | -2,801 | -1,172 | -139.0% |
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| FPL | -601 | -1 | -60000.0% |
| Sale Of Differential Membership Interests | 2,211 | 1,780 | +24.2% |
| Payments To Differential Membership Investors | -682 | -1,460 | +53.3% |
| Proceeds From Repayments Of Commercial Paper | -2,307 | -2,300 | -0.3% |
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| FPL | 221 | 580 | -61.9% |
| Proceeds From Other Short Term Debt | 608 | 217 | +180.2% |
| Repayments Of Other Short Term Debt | -1,100 | -5,140 | +78.6% |
| Proceeds From Repayments Of Related Party Debt | -3 | 89 | -103.4% |
| Proceeds From Issuance Of Common Stock | 10 | 1 | +900.0% |
| Payments Of Dividends | 1,181 | 1,059 | +11.5% |
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| Retained Earnings · FPL | 1,200 | 7,400 | -83.8% |
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| FPL | 1,000 | 0 | — |
| Proceeds From Payments For Other Financing Activities | -232 | -249 | +6.8% |
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| FPL | -24 | -3 | -700.0% |
| Net Cash from Financing | 3,003 | 741 | +305.3% |
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| FPL | 385 | 576 | -33.2% |
| Supplemental | |||
| Interest Paid | 878 | 813 | +8.0% |
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| FPL | 391 | 412 | -5.1% |
| Income Taxes Paid Received Net | -478 | -145 | -229.7% |
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| FPL | -106 | -17 | -523.5% |
| Unpaid Capital Expenditures | 2,867 | 2,451 | +17.0% |
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| FPL | 343 | 495 | -30.7% |
| Other Cash Flow | |||
| Net Change in Cash | 292 | -1,172 | +124.9% |
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| FPL | -35 | -107 | +67.3% |
| 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.