EX-99 2 neeq42024exhibit99.htm EX-99 Document

Exhibit 99
nexteraenergy.jpg
NextEra Energy, Inc.
Media Line: 561-694-4442
Jan. 24, 2025

FOR IMMEDIATE RELEASE

NextEra Energy reports fourth-quarter and full-year 2024 financial results
•NextEra Energy delivers strong full-year 2024 financial and operational results
•FPL grows regulatory capital employed by approximately 10% year-over-year and continues to keep customer bills as low as possible while delivering reliable electricity
•NextEra Energy Resources achieves another record year of new renewables and storage origination, adding more than 12 gigawatts to its backlog

JUNO BEACH, Fla. - NextEra Energy, Inc. (NYSE: NEE) today reported 2024 fourth-quarter net income attributable to NextEra Energy on a GAAP basis of $1.203 billion, or $0.58 per share, compared to $1.210 billion, or $0.59 per share, for the fourth quarter of 2023. On an adjusted basis, NextEra Energy's 2024 fourth-quarter earnings were $1.095 billion, or $0.53 per share, compared to $1.067 billion, or $0.52 per share, in the fourth quarter of 2023.

For the full year 2024, NextEra Energy reported net income attributable to NextEra Energy on a GAAP basis of $6.946 billion, or $3.37 per share, compared to $7.310 billion, or $3.60 per share, in 2023. On an adjusted basis, NextEra Energy's full-year 2024 earnings were $7.063 billion, or $3.43 per share, compared to $6.441 billion, or $3.17 per share, in 2023, which represents year-over-year growth in adjusted earnings per share of approximately 8.2%.

"NextEra Energy had an excellent year of execution in 2024, growing full-year adjusted earnings per share by more than 8% over 2023 and once again achieving the top end of our adjusted earnings per share expectations range," said John Ketchum, chairman, president and chief executive officer. "Continuing our track record of providing long-term value for shareholders, we have delivered compound annual growth in adjusted earnings per share of more than 10% since 2021 and of approximately 10% over the past 10 years, both of which are the highest among all top-10 power companies. NextEra Energy generates more electricity and invests more in energy infrastructure than any other company in the U.S. and in 2024 placed into service roughly 8.7 gigawatts of new renewables and storage projects, expanding our leadership in power generation. With experience in every part of the energy value chain and a track record of delivering for our customers and shareholders, we believe NextEra Energy is well positioned to capitalize on the opportunity set that lies ahead and the increased power demand that is happening now in the U.S. Given the strength of both of our businesses, we will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings."

FPL
FPL reported fourth-quarter 2024 net income on a GAAP basis of $845 million, or $0.41 per share, compared to $1,146 million, or $0.56 per share, for the prior-year comparable quarter. On an adjusted basis, FPL's 2024 fourth-quarter earnings were $845 million, or $0.41 per share, compared to $846 million, or $0.41 per share, in the prior-year comparable quarter. For the full year 2024, FPL reported net income on a GAAP basis of $4.543 billion, or $2.21 per share, compared to $4.552 billion, or $2.24 per share, in 2023. On an adjusted basis, FPL's full-year 2024 earnings were $4.543 billion, or $2.21 per share, compared to $4.251 billion, or $2.09 per share, in 2023.

FPL's full-year growth primarily was driven by continued smart capital investments and innovation. FPL's capital expenditures were approximately $1.8 billion for the fourth quarter of 2024, bringing its full-year capital investments to a total of approximately $8.2 billion. Regulatory capital employed increased by approximately 10% for 2024. In
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2024, FPL's capital investments supported the successful commissioning of roughly 2.2 gigawatts (GW) of new, cost-effective solar and the continued hardening of its grid and its efforts to underground its distribution system.

FPL continues to focus on running the business efficiently and delivering on its strong customer value proposition, which is anchored in providing a typical residential customer bill that is nearly 40% below the national average and maintaining top-decile reliability. FPL's smart capital investments in low-cost solar generation and battery storage are continuing to reduce its overall fuel cost and, when combined with generation modernizations, have saved customers nearly $16 billion since 2001. FPL's best-in-class non-fuel O&M cost per customer is 50% better than the second best in its peer group of large utilities, saving customers over $24 each month on a typical 1,000-kilowatt-hour residential customer bill, compared to an average-performing utility.

In December 2024, FPL filed a test year letter with the Florida Public Service Commission to initiate a customary, nearly year-long rate proceeding for new base rates beginning in January 2026. The four-year plan FPL intends to propose would enable the company to continue to diversify its electricity generation mix, protecting customers from fuel price volatility, and continue to deliver some of the country's most reliable electricity to its customers, all while keeping bills as low as possible. While the details are still being finalized, FPL estimates its proposal, along with projections for fuel and other costs, would increase a typical residential customer bill by an average annual rate of approximately 2.5% from January 2025 through 2029. Importantly, even with the proposed rate adjustment, FPL expects that its typical residential customer bills would remain well below the national average and below many other Florida electric utilities, just as they have for more than a decade.

NextEra Energy Resources
NextEra Energy Resources reported fourth-quarter 2024 net loss attributable to NextEra Energy on a GAAP basis of $442 million, or $0.21 per share, compared to net income attributable to NextEra Energy of $885 million, or $0.43 per share, in the prior-year comparable quarter. On an adjusted basis, NextEra Energy Resources' earnings for the fourth quarter of 2024 were $446 million, or $0.22 per share, compared to $361 million, or $0.18 per share, for the fourth quarter of 2023.

For the full year 2024, NextEra Energy Resources reported net income attributable to NextEra Energy on a GAAP basis of $2.299 billion, or $1.12 per share, compared to $3.558 billion, or $1.75 per share, in the prior-year comparable quarter. On an adjusted basis, NextEra Energy Resources' earnings for the full year 2024 were $3.118 billion, or $1.51 per share, compared to $2.757 billion, or $1.36 per share, for the full year 2023.

For the third year in a row, NextEra Energy Resources delivered its best year ever for origination, adding more than 12 GW of new renewables and battery storage projects to its backlog, including approximately 3.3 GW since the third-quarter 2024 financial results call last October. NextEra Energy Resources' 2024 origination performance reflects continued strong demand from power and commercial and industrial customers looking for the least-cost alternative to serve load and meet their increasing demand. With more than 6 GW of new projects placed into service over the last four quarters, NextEra Energy Resources' backlog now totals more than 25 GW.

In addition, NextEra Energy Resources is continuing to make progress in evaluating the recommissioning of its Duane Arnold Energy Center in Iowa. Recently, the company filed notice with the Nuclear Regulatory Commission to request a licensing change—an important first step in establishing the regulatory pathway to restore the facility’s operating license and potentially restart plant operations as early as the end of 2028.

Corporate and Other
In the fourth quarter of 2024 on a GAAP basis, Corporate and Other results increased $0.78 per share, compared to the prior-year comparable quarter. On an adjusted basis, Corporate and Other results for the fourth quarter of 2024 decreased $0.03 per share, compared to the prior-year comparable quarter. For the full year 2024, Corporate and Other results increased $0.43 per share on a GAAP basis, compared to 2023. On an adjusted basis, Corporate and Other results for the full year 2024 decreased $0.01 per share, compared to 2023.

Outlook
NextEra Energy's long-term financial expectations remain unchanged. For 2025, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.45 to $3.70. For 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.63 to $4.00 and $3.85 to $4.32, respectively. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2026, off a 2024 base.

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Conference call information
As previously announced, NextEra Energy's fourth-quarter and full-year 2024 financial results conference call is scheduled for 9 a.m. ET today. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/FinancialResults. The news release and slides accompanying the presentation may be downloaded at www.NextEraEnergy.com/FinancialResults, beginning at 7:30 a.m. ET today. A replay will be available for 90 days by accessing the same link as listed above.

NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to more than 6 million customer accounts, or approximately 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. A Fortune 200 company, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

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Adjusted earnings for the periods in this news release exclude the effects of non-qualifying hedges; XPLR Infrastructure, LP net investment gains; differential membership interests-related; change in unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds and other than temporary impairments (OTTI); the gain on disposal of a business and impairment charges.

NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. A reconciliation of historical adjusted earnings to net income attributable to NextEra Energy, which is the most directly comparable GAAP measure, is included in the attachments to this news release. Adjusted earnings does not represent a substitute for net income, as prepared in accordance with GAAP.

NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, the effects of non-qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments. These items could significantly impact GAAP earnings per share. Adjusted earnings expectations assume, among other things, normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind, solar, and storage development and construction; market demand and transmission expansion to support wind, solar and storage development; market demand for pipeline capacity; access to capital at reasonable cost and terms; divestitures to XPLR Infrastructure, LP; no adverse litigation decisions; and no changes to governmental policies or incentives. Please see the accompanying cautionary statements for a list of the risk factors that may affect future results.

This news release should be read in conjunction with the attached unaudited financial information.

Cautionary Statements and Risk Factors That May Affect Future Results

This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's and FPL's control. Forward-looking statements in this news release include, among others, statements concerning adjusted earnings per share expectations and future operating performance and statements concerning future dividends. In some cases, you can identify the forward-looking statements by words or phrases such as “will,” “may result,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would” or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance. The future results of NextEra Energy and FPL and their business and financial condition are subject to risks and uncertainties that could cause their actual results to differ materially from those expressed or implied in the
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forward-looking statements, or may require them to limit or eliminate certain operations. These risks and uncertainties include, but are not limited to, those discussed in this news release and the following: effects of extensive regulation of NextEra Energy's and FPL's business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy and FPL; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support utility scale renewable energy projects of NextEra Energy and FPL and its affiliated entities or the imposition of additional tax laws, tariffs, duties, policies or assessments on renewable energy or equipment necessary to generate it or deliver it; impact of new or revised laws, regulations, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy and FPL; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal regulation of their operations and businesses; effect on NextEra Energy and FPL of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; impacts on NextEra Energy or FPL of allegations of violations of law; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, transmission and distribution facilities, gas infrastructure facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, planning, financing, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, gas infrastructure facilities, and other facilities; effect on NextEra Energy and FPL of a lack of growth, slower growth or a decline in the number of customers or in customer usage; impact on NextEra Energy and FPL of severe weather and other weather conditions; threats of geopolitical factors, terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy's and FPL's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy and FPL against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low gas and oil prices could impact NextEra Energy Resources, LLC’s (NextEra Energy Resources) gas infrastructure business and cause NextEra Energy Resources to delay or cancel certain gas infrastructure projects and could result in certain projects becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources' full energy and capacity requirement services; inability or failure by NextEra Energy Resources to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity in energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's and FPL's risk management tools associated with their hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation facilities on sale and delivery of power or natural gas by NextEra Energy, including FPL; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; failure of NextEra Energy or FPL counterparties to perform under derivative contracts or of requirement for NextEra Energy or FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's or FPL's information technology systems; risks to NextEra Energy and FPL's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability of FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with NextEra Energy Resources’ and FPL's ownership and operation of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources' or FPL's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's and FPL's ability to fund their liquidity and capital needs and meet their growth objectives; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; impairment of NextEra Energy's and FPL's liquidity from inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of NextEra Energy's and FPL's nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; XPLR Infrastructure, LP’s inability to access sources of capital on commercially reasonable terms could have an effect on its ability to consummate future acquisitions and on the value of NextEra Energy’s limited partner interest in XPLR Infrastructure Operating Partners, LP; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of
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public health crises, epidemics and pandemics, and its effects on NextEra Energy’s or FPL’s businesses. NextEra Energy and FPL discuss these and other risks and uncertainties in their annual report on Form 10-K for the year ended December 31, 2023 and other Securities and Exchange Commission (SEC) filings, and this news release should be read in conjunction with such SEC filings. The forward-looking statements made in this news release are made only as of the date of this news release and NextEra Energy and FPL undertake no obligation to update any forward-looking statements.

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NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Three Months Ended December 31, 2024FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$3,855 $1,448 $82 $5,385 
Operating Expenses
Fuel, purchased power and interchange865 227 — 1,092 
Other operations and maintenance438 721 157 1,316 
Depreciation and amortization856 642 15 1,513 
Taxes other than income taxes and other – net449 108 — 557 
Total operating expenses – net2,608 1,698 172 4,478 
Gains (losses) on disposal of businesses/assets – net1 35 (2)34 
Operating Income (Loss)1,248 (215)(92)941 
Other Income (Deductions)
Interest expense(304)(47)1,076 725 
Equity in earnings (losses) of equity method investees— (845)— (845)
Allowance for equity funds used during construction50 1 — 51 
Gains (losses) on disposal of investments and other property – net— 31 — 31 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net— (41)— (41)
Other net periodic benefit income— — 65 65 
Other – net8 86 23 117 
Total other income (deductions) – net(246)(815)1,164 103 
Income (Loss) before Income Taxes1,002 (1,030)1,072 1,044 
Income Tax Expense (Benefit)157 (258)272 171 
Net Income (Loss)845 (772)800 873 
Net Loss Attributable to Noncontrolling Interests— 330 — 330 
Net Income (Loss) Attributable to NextEra Energy, Inc.$845 $(442)$800 $1,203 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$845 $(442)$800 $1,203 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 109 (1,336)(1,227)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— 39 — 39 
XPLR Infrastructure, LP investment gains – net— 1,033 — 1,033 
Less related income tax expense (benefit)(c)
— (293)340 47 
Adjusted Earnings (Loss)$845 $446 $(196)$1,095 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$0.41 $(0.21)$0.38 $0.58 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 0.05 (0.65)(0.60)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— 0.02 — 0.02 
XPLR Infrastructure, LP investment gains – net— 0.50 — 0.50 
Less related income tax expense (benefit)(c)
— (0.14)0.17 0.03 
Adjusted Earnings (Loss) Per Share$0.41 $0.22 $(0.10)$0.53 
Weighted-average shares outstanding (assuming dilution)2,062 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact by segment is as follows:NEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$81 $0.04 $(996)$(0.48)$(915)$(0.44)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net$26 $0.01 $— $— $26 $0.01 
XPLR Infrastructure, LP investment gains – net$781 $0.38 $— $— $781 $0.38 
(c)Includes the effects of rounding.





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NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Three Months Ended December 31, 2023FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$4,196 $2,656 $25 $6,877 
Operating Expenses
Fuel, purchased power and interchange996 207 (25)1,178 
Other operations and maintenance403 773 115 1,291 
Depreciation and amortization1,046 540 21 1,607 
Taxes other than income taxes and other – net463 73 (1)535 
Total operating expenses – net2,908 1,593 110 4,611 
Gains (losses) on disposal of businesses/assets – net407 (10)(3)394 
Operating Income (Loss)1,695 1,053 (88)2,660 
Other Income (Deductions)
Interest expense(307)(584)(1,090)(1,981)
Equity in earnings (losses) of equity method investees— 73 — 73 
Allowance for equity funds used during construction55 1 — 56 
Gains (losses) on disposal of investments and other property – net— (1)— (1)
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net— 169 — 169 
Other net periodic benefit income— — 61 61 
Other – net1 28 17 46 
Total other income (deductions) – net(251)(314)(1,012)(1,577)
Income (Loss) before Income Taxes1,444 739 (1,100)1,083 
Income Tax Expense (Benefit)298 150 (279)169 
Net Income (Loss)1,146 589 (821)914 
Net Loss Attributable to Noncontrolling Interests— 296 — 296 
Net Income (Loss) Attributable to NextEra Energy, Inc.$1,146 $885 $(821)$1,210 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$1,146 $885 $(821)$1,210 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (561)909 348 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net— (169)— (169)
Differential membership interests – related— 14 — 14 
XPLR Infrastructure, LP investment gains – net— 44 — 44 
Gain on disposal of a business(406)— — (406)
Less related income tax expense (benefit)(c)
106 148 (228)26 
Adjusted Earnings (Loss)$846 $361 $(140)$1,067 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$0.56 $0.43 $(0.40)$0.59 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (0.27)0.44 0.17 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net— (0.08)— (0.08)
Differential membership interests – related— 0.01 — 0.01 
XPLR Infrastructure, LP investment gains – net— 0.02 — 0.02 
Gain on disposal of a business(0.20)— — (0.20)
Less related income tax expense (benefit)(c)
0.05 0.07 (0.11)0.01 
Adjusted Earnings (Loss) Per Share$0.41 $0.18 $(0.07)$0.52 
Weighted-average shares outstanding (assuming dilution)2,054 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact by segment is as follows:FPLNEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$— $— $(434)$(0.21)$681 $0.33 $247 $0.12 
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI - net$— $— $(121)$(0.06)$— $— $(121)$(0.06)
Differential membership interests – related$— $— $11 $0.01 $— $— $11 $0.01 
XPLR Infrastructure, LP investment gains – net$— $— $26 $0.01 $— $— $26 $0.01 
Gain on disposal of a business$(300)$(0.15)$(6)$— $— $— $(306)$(0.15)
(c)Includes the effects of rounding.
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NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Twelve Months Ended December 31, 2024FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$17,019 $7,542 $192 $24,753 
Operating Expenses
Fuel, purchased power and interchange4,188 914 (73)5,029 
Other operations and maintenance1,609 2,776 472 4,857 
Depreciation and amortization2,827 2,577 58 5,462 
Taxes other than income taxes and other – net1,904 371 3 2,278 
Total operating expenses – net10,528 6,638 460 17,626 
Gains (losses) on disposal of businesses/assets – net1 361 (10)352 
Operating Income (Loss)6,492 1,265 (278)7,479 
Other Income (Deductions)
Interest expense(1,178)(1,114)57 (2,235)
Equity in earnings (losses) of equity method investees— (267)21 (246)
Allowance for equity funds used during construction189 9 — 198 
Gains (losses) on disposal of investments and other property – net— 162 1 163 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net— 107 — 107 
Other net periodic benefit income— — 235 235 
Other – net10 234 92 336 
Total other income (deductions) – net(979)(869)406 (1,442)
Income (Loss) before Income Taxes5,513 396 128 6,037 
Income Tax Expense (Benefit)970 (655)24 339 
Net Income (Loss)4,543 1,051 104 5,698 
Net Loss Attributable to Noncontrolling Interests— 1,248 — 1,248 
Net Income (Loss) Attributable to NextEra Energy, Inc.$4,543 $2,299 $104 $6,946 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$4,543 $2,299 $104 $6,946 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— 7 (942)(935)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— (113)— (113)
Differential membership interests – related— 6 — 6 
XPLR Infrastructure, LP investment gains – net— 1,129 — 1,129 
Less related income tax expense (benefit)(c)
— (210)240 30 
Adjusted Earnings (Loss)$4,543 $3,118 $(598)$7,063 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$2.21 $1.12 $0.04 $3.37 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— — (0.45)(0.45)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— (0.05)— (0.05)
Differential membership interests – related— — — — 
XPLR Infrastructure, LP investment gains – net— 0.55 — 0.55 
Less related income tax expense (benefit)(c)
— (0.11)0.12 0.01 
Adjusted Earnings (Loss) Per Share$2.21 $1.51 $(0.29)$3.43 
Weighted-average shares outstanding (assuming dilution)2,059 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact by segment is as follows:NEERCorporate and OtherNextEra Energy
Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$36 $0.01 $(702)$(0.33)$(666)$(0.32)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net$(74)$(0.03)$— $— $(74)$(0.03)
Differential membership interests – related$5 $— $— $— $5 $— 
XPLR Infrastructure, LP investment gains – net$852 $0.41 $— $— $852 $0.41 
(c)Includes the effects of rounding.
8

NextEra Energy, Inc.
Condensed Consolidated Statements of Income
(millions, except per share amounts)
(unaudited)
Preliminary
Twelve Months Ended December 31, 2023FPLNEER
Corporate and
Other(a)
NextEra Energy
Operating Revenues$18,365 $9,672 $77 $28,114 
Operating Expenses
Fuel, purchased power and interchange4,761 795 (99)5,457 
Other operations and maintenance1,666 2,601 414 4,681 
Depreciation and amortization3,789 2,009 81 5,879 
Taxes other than income taxes and other – net1,959 301 5 2,265 
Total operating expenses – net12,175 5,706 401 18,282 
Gains (losses) on disposal of businesses/assets – net407 (3)1 405 
Operating Income (Loss)6,597 3,963 (323)10,237 
Other Income (Deductions)
Interest expense(1,114)(1,129)(1,081)(3,324)
Equity in earnings (losses) of equity method investees— (649)1 (648)
Allowance for equity funds used during construction155 6 — 161 
Gains (losses) on disposal of investments and other property – net— 125 — 125 
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net— 159 — 159 
Other net periodic benefit income— — 245 245 
Other – net37 232 64 333 
Total other income (deductions) – net(922)(1,256)(771)(2,949)
Income (Loss) before Income Taxes5,675 2,707 (1,094)7,288 
Income Tax Expense (Benefit)1,123 177 (294)1,006 
Net Income (Loss)4,552 2,530 (800)6,282 
Net Loss Attributable to Noncontrolling Interests— 1,028 — 1,028 
Net Income (Loss) Attributable to NextEra Energy, Inc.$4,552 $3,558 $(800)$7,310 
Reconciliations of Net Income (Loss) Attributable to NextEra Energy, Inc. to Adjusted Earnings (Loss):
Net Income (Loss) Attributable to NextEra Energy, Inc.$4,552 $3,558 $(800)$7,310 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (2,259)310 (1,949)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— (165)— (165)
Differential membership interests – related— 65 — 65 
XPLR Infrastructure, LP investment gains – net— 1,294 — 1,294 
Gain on disposal of a business(406)— — (406)
Impairment charges related to investment in Mountain Valley Pipeline— 58 — 58 
Less related income tax expense (benefit)(c)
105 206 (77)234 
Adjusted Earnings (Loss)$4,251 $2,757 $(567)$6,441 
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution)$2.24 $1.75 $(0.39)$3.60 
Adjustments – pretax:(b)
Net losses (gains) associated with non-qualifying hedges— (1.11)0.15 (0.96)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— (0.08)— (0.08)
Differential membership interests – related— 0.03 — 0.03 
XPLR Infrastructure, LP investment gains – net— 0.64 — 0.64 
Gain on disposal of a business(0.20)— — (0.20)
Impairment charges related to investment in Mountain Valley Pipeline— 0.03 — 0.03 
Less related income tax expense (benefit)(c)
0.05 0.10 (0.04)0.11 
Adjusted Earnings (Loss) Per Share$2.09 $1.36 $(0.28)$3.17 
Weighted-average shares outstanding (assuming dilution)2,031 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other.
(b)After tax impact by segment is as follows:FPLNEERCorporate and OtherNextEra Energy
Adjusted
Earnings		Adjusted
EPS		Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS		Adjusted EarningsAdjusted
EPS
Net losses (gains) associated with non-qualifying hedges$— $— $(1,729)$(0.85)$232 $0.11 $(1,497)$(0.74)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net$— $— $(116)$(0.05)$— $— $(116)$(0.05)
Differential membership interests – related$— $— $49 $0.02 $— $— $49 $0.02 
XPLR Infrastructure, LP investment gains – net$— $— $963 $0.47 $— $— $963 $0.47 
Gain on disposal of businesses/assets$(300)$(0.15)$(6)$— $— $— $(306)$(0.15)
Impairment charges related to investment in Mountain Valley Pipeline$— $— $38 $0.02 $— $— $38 $0.02 
(c)Includes the effects of rounding.
9

NextEra Energy, Inc.
Condensed Consolidated Balance Sheets
(millions)
(unaudited)		Preliminary
December 31, 2024FPLNEER
Corporate and
Other(a)
NextEra Energy
ASSETS
Current assets:
Cash and cash equivalents$32 $1,200 $255 $1,487 
Customer receivables, net of allowances1,400 1,934 2 3,336 
Other receivables380 538 262 1,180 
Materials, supplies and fuel inventory1,309 896 9 2,214 
Regulatory assets1,405 11 1 1,417 
Derivatives31 754 94 879 
Contract assets— 252 — 252 
Other226 818 142 1,186 
Total current assets4,783 6,403 765 11,951 
Other assets:
Property, plant and equipment – net76,166 62,526 160 138,852 
Special use funds6,875 2,925 — 9,800 
Investment in equity method investees— 6,118 — 6,118 
Prepaid benefit costs1,954 6 536 2,496 
Regulatory assets4,464 261 103 4,828 
Derivatives9 1,602 163 1,774 
Goodwill2,965 1,890 11 4,866 
Other925 7,667 867 9,459 
Total other assets93,358 82,995 1,840 178,193 
TOTAL ASSETS$98,141 $89,398 $2,605 $190,144 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities:
Commercial paper$1,430 $— $240 $1,670 
Other short-term debt— 217 — 217 
Current portion of long-term debt1,719 700 5,642 8,061 
Accounts payable996 5,988 (2)6,982 
Customer deposits669 25 — 694 
Accrued interest and taxes443 252 321 1,016 
Derivatives3 966 104 1,073 
Accrued construction-related expenditures860 1,485 1 2,346 
Regulatory liabilities273 4 2 279 
Other1,102 1,393 522 3,017 
Total current liabilities7,495 11,030 6,830 25,355 
Other liabilities and deferred credits:
Long-term debt25,026 14,389 32,970 72,385 
Asset retirement obligations2,276 1,395 — 3,671 
Deferred income taxes9,438 4,206 (1,895)11,749 
Regulatory liabilities10,465 170 — 10,635 
Derivatives4 1,813 191 2,008 
Other361 2,506 613 3,480 
Total other liabilities and deferred credits47,570 24,479 31,879 103,928 
TOTAL LIABILITIES55,065 35,509 38,709 129,283 
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS— 401 — 401 
EQUITY
Common stock1,373 — (1,352)21 
Additional paid-in capital26,868 16,829 (26,437)17,260 
Retained earnings14,835 26,414 (8,303)32,946 
Accumulated other comprehensive loss— (114)(12)(126)
Total common shareholders' equity43,076 43,129 (36,104)50,101 
Noncontrolling interests— 10,359 — 10,359 
TOTAL EQUITY43,076 53,488 (36,104)60,460 
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY$98,141 $89,398 $2,605 $190,144 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
10

NextEra Energy, Inc.
Condensed Consolidated Balance SheetsPreliminary
(millions)
(unaudited)
December 31, 2023FPLNEER
Corporate and Other(a)
NextEra Energy
ASSETS
Current assets:
Cash and cash equivalents$57 $916 $1,717 $2,690 
Customer receivables, net of allowances1,706 1,905 (2)3,609 
Other receivables319 584 41 944 
Materials, supplies and fuel inventory1,339 763 4 2,106 
Regulatory assets1,431 28 1 1,460 
Derivatives13 1,671 46 1,730 
Contract Assets— 1,487 — 1,487 
Other131 1,036 168 1,335 
Total current assets4,996 8,390 1,975 15,361 
Other assets:
Property, plant and equipment – net70,608 55,034 134 125,776 
Special use funds6,050 2,648 — 8,698 
Investment in equity method investees— 6,145 11 6,156 
Prepaid benefit costs1,853 5 254 2,112 
Regulatory assets4,343 226 232 4,801 
Derivatives14 1,766 10 1,790 
Goodwill2,965 2,114 12 5,091 
Other640 6,817 247 7,704 
Total other assets86,473 74,755 900 162,128 
TOTAL ASSETS$91,469 $83,145 $2,875 $177,489 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities:
Commercial paper$2,374 $— $2,276 $4,650 
Other short-term debt255 — — 255 
Current portion of long-term debt1,665 1,031 4,205 6,901 
Accounts payable977 7,547 (20)8,504 
Customer deposits610 28 — 638 
Accrued interest and taxes661 380 (71)970 
Derivatives9 813 23 845 
Accrued construction-related expenditures486 1,375 — 1,861 
Regulatory liabilities335 4 1 340 
Other704 1,908 387 2,999 
Total current liabilities8,076 13,086 6,801 27,963 
Other liabilities and deferred credits:
Long-term debt23,609 10,795 27,001 61,405 
Asset retirement obligations2,143 1,260 — 3,403 
Deferred income taxes8,542 3,776 (2,176)10,142 
Regulatory liabilities9,893 156 — 10,049 
Derivatives6 2,224 511 2,741 
Other365 2,100 297 2,762 
Total other liabilities and deferred credits44,558 20,311 25,633 90,502 
TOTAL LIABILITIES52,634 33,397 32,434 118,465 
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS— 1,256 — 1,256 
EQUITY
Common stock1,373 — (1,352)21 
Additional paid-in capital23,470 14,154 (20,259)17,365 
Retained earnings13,992 24,115 (7,872)30,235 
Accumulated other comprehensive loss— (77)(76)(153)
Total common shareholders' equity38,835 38,192 (29,559)47,468 
Noncontrolling interests— 10,300 — 10,300 
TOTAL EQUITY38,835 48,492 (29,559)57,768 
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY$91,469 $83,145 $2,875 $177,489 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other.
11

NextEra Energy, Inc.
Condensed Consolidated Statements of Cash Flows
(millions)
(unaudited)
Preliminary
Twelve Months Ended December 31, 2024FPLNEER
Corporate and
Other(a)
NextEra Energy
Cash Flows From Operating Activities
Net income (loss)$4,543 $1,051 $104 $5,698 
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization2,827 2,577 58 5,462 
Nuclear fuel and other amortization172 94 33 299 
Unrealized losses (gains) on marked to market derivative contracts – net— (66)(426)(492)
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net— (107)— (107)
Foreign currency transaction losses (gains)— — (85)(85)
Deferred income taxes602 377 329 1,308 
Cost recovery clauses and franchise fees1,016 — — 1,016 
Equity in losses (earnings) of equity method investees— 267 (21)246 
Distributions of earnings from equity method investees— 788 23 811 
Losses (gains) on disposal of businesses, assets and investments - net(1)(523)9 (515)
Recoverable storm-related costs(676)— — (676)
Other – net(14)63 86 135 
Changes in operating assets and liabilities:
Current assets262 (283)(361)(382)
Noncurrent assets(167)(63)(243)(473)
Current liabilities(23)320 470 767 
Noncurrent liabilities(35)32 251 248 
Net cash provided by (used in) operating activities8,506 4,527 227 13,260 
Cash Flows From Investing Activities
Capital expenditures of FPL(7,992)— — (7,992)
Independent power and other investments of NEER— (16,215)— (16,215)
Nuclear fuel purchases(222)(177)— (399)
Other capital expenditures— — (123)(123)
Proceeds from the sale of Florida City Gas business— — — — 
Sale of independent power and other investments of NEER— 2,659 — 2,659 
Proceeds from sale or maturity of securities in special use funds and other investments3,628 1,526 291 5,445 
Purchases of securities in special use funds and other investments(3,801)(1,228)(594)(5,623)
Other – net3 (97)78 (16)
Net cash used in investing activities(8,384)(13,532)(348)(22,264)
Cash Flows From Financing Activities
Issuances of long-term debt, including premiums and discounts3,205 7,971 13,593 24,769 
Retirements of long-term debt(1,721)(2,381)(6,011)(10,113)
Proceeds from differential membership investors— 2,257 — 2,257 
Payments to differential membership investors— (740)— (740)
Net change in commercial paper(944)— (2,036)(2,980)
Proceeds from other short-term debt— 217 6,358 6,575 
Repayments of other short-term debt(255)— (6,358)(6,613)
Payments from (to) related parties under a cash sweep and credit support agreement – net— (1,371)— (1,371)
Issuances of common stock/equity units – net— — (47)(47)
Dividends on common stock— — (4,235)(4,235)
Dividends & capital distributions from (to) parent – net(300)2,712 (2,412)— 
Other – net(46)(263)(193)(502)
Net cash provided by (used in) financing activities(61)8,402 (1,341)7,000 
Effects of currency translation on cash, cash equivalents and restricted cash— (14)— (14)
Net increase (decrease) in cash, cash equivalents and restricted cash61 (617)(1,462)(2,018)
Cash, cash equivalents and restricted cash at beginning of year72 1,625 1,723 3,420 
Cash, cash equivalents and restricted cash at end of year$133 $1,008 $261 $1,402 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
12

NextEra Energy, Inc.
Condensed Consolidated Statements of Cash Flows
(millions)
(unaudited)
Preliminary
Twelve Months Ended December 31, 2023FPLNEER
Corporate and
Other(a)
NextEra Energy
Cash Flows From Operating Activities
Net income (loss)$4,552 $2,530 $(800)$6,282 
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization3,789 2,009 81 5,879 
Nuclear fuel and other amortization158 83 31 272 
Unrealized losses (gains) on marked to market derivative contracts – net— (2,273)324 (1,949)
Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds – net— (159)— (159)
Foreign currency transaction losses (gains)— (3)95 92 
Deferred income taxes(161)1,002 (133)708 
Cost recovery clauses and franchise fees1,104 — — 1,104 
Equity in losses (earnings) of equity method investees— 649 (1)648 
Distributions of earnings from equity method investees— 712 — 712 
Losses (gains) on disposal of businesses, assets and investments - net(407)(122)(1)(530)
Recoverable storm-related costs(399)— — (399)
Other – net(27)(38)99 34 
Changes in operating assets and liabilities:
Current assets(200)411 (153)58 
Noncurrent assets(185)(143)(80)(408)
Current liabilities60 (1,010)(159)(1,109)
Noncurrent liabilities12 (109)163 66 
Net cash provided by (used in) operating activities8,296 3,539 (534)11,301 
Cash Flows From Investing Activities
Capital expenditures of FPL(9,302)— — (9,302)
Independent power and other investments of NEER— (15,565)— (15,565)
Nuclear fuel purchases(98)(87)— (185)
Other capital expenditures— — (61)(61)
Proceeds from the sale of Florida City Gas business924 — — 924 
Sale of independent power and other investments of NEER— 1,883 — 1,883 
Proceeds from sale or maturity of securities in special use funds and other investments3,730 990 155 4,875 
Purchases of securities in special use funds and other investments(3,754)(1,440)(732)(5,926)
Other – net(15)(514)419 (110)
Net cash used in investing activities(8,515)(14,733)(219)(23,467)
Cash Flows From Financing Activities
Issuances of long-term debt, including premiums and discounts5,678 3,532 4,647 13,857 
Retirements of long-term debt(1,548)(618)(5,812)(7,978)
Proceeds from differential membership investors— 2,745 — 2,745 
Payments to differential membership investors— (75)— (75)
Net change in commercial paper665 — 2,276 2,941 
Proceeds from other short-term debt55 — 1,925 1,980 
Repayments of other short-term debt— (38)(2,575)(2,613)
Payments from (to) related parties under a cash sweep and credit support agreement – net— 1,213 — 1,213 
Issuances of common stock/equity units – net— — 4,514 4,514 
Dividends on common stock— — (3,782)(3,782)
Dividends & capital distributions from (to) parent – net(4,545)3,863 682 — 
Other – net(72)(332)(249)(653)
Net cash provided by (used in) financing activities233 10,290 1,626 12,149 
Effects of currency translation on cash, cash equivalents and restricted cash— (4)— (4)
Net increase (decrease) in cash, cash equivalents and restricted cash14 (908)873 (21)
Cash, cash equivalents and restricted cash at beginning of year58 2,533 850 3,441 
Cash, cash equivalents and restricted cash at end of year$72 $1,625 $1,723 $3,420 
————————————
(a)Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual corporate interest expense is included in Corporate and Other.
13

NextEra Energy, Inc.
Earnings Per Share Contributions
(assuming dilution)
(unaudited)
Preliminary
First
Quarter		Second
Quarter		Third
Quarter		Fourth
Quarter		Year-To-Date
2023 Earnings Per Share Attributable to NextEra Energy, Inc.$1.04 $1.38 $0.60 $0.59 $3.60 
FPL – 2023 Earnings Per Share$0.53 $0.57 $0.58 $0.56 $2.24 
New investment growth0.05 0.04 0.04 0.04 0.17 
Change in regulatory ROE— — — (0.06)(0.06)
Gain on disposal of a business— — — (0.15)(0.15)
Other and share dilution(0.01)(0.01)0.01 0.02 0.01 
FPL – 2024 Earnings Per Share$0.57 $0.60 $0.63 $0.41 $2.21 
NEER – 2023 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc.$0.72 $0.72 $(0.11)$0.43 $1.75 
New investments0.15 0.12 0.15 0.06 0.48 
Existing clean energy(0.02)0.06 — (0.01)0.03 
Gas infrastructure(0.01)(0.07)0.01 (0.03)(0.08)
Customer supply0.04 (0.03)(0.10)0.05 (0.04)
Non-qualifying hedges impact(0.31)(0.48)0.14 (0.25)(0.86)
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net0.01 (0.03)0.07 (0.07)(0.02)
XPLR Infrastructure, LP investment gains – net(0.01)0.01 0.44 (0.37)0.06 
Impairment charges related to investment in Mountain Valley Pipeline0.01 0.01 — — 0.02 
Other, including interest expense, corporate general and administrative expenses, other investment income and share dilution(0.11)(0.04)(0.01)(0.02)(0.22)
NEER – 2024 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc.$0.47 $0.27 $0.59 $(0.21)$1.12 
Corporate and Other – 2023 Earnings (Loss) Per Share$(0.21)$0.09 $0.13 $(0.40)$(0.39)
Non-qualifying hedges impact0.28 (0.19)(0.45)0.81 0.44 
Other, including interest expense and share dilution(0.01)0.02 — (0.03)(0.01)
Corporate and Other – 2024 Earnings (Loss) Per Share$0.06 $(0.08)$(0.32)$0.38 $0.04 
2024 Earnings Per Share Attributable to NextEra Energy, Inc.$1.10 $0.79 $0.90 $0.58 $3.37 
Corporate and Other represents other business activities and eliminating entries, and may include the net effect of rounding. Corporate and Other allocates a portion of corporate interest expense to NextEra Energy Resources' subsidiaries. Interest expense is allocated based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resource's subsidiaries. Residual corporate interest expense is included in Corporate and Other.
The sum of the quarterly amounts may not equal the total for the year due to rounding.
Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution):
201420212024
Earnings Per Share (assuming dilution ) Attributable to NextEra Energy, Inc.$1.40 $1.81 $3.37 
Net losses (gains) associated with non-qualifying hedges(0.18)1.04 (0.45)
Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net— (0.14)(0.05)
Gain associated with Maine fossil(0.01)— — 
Differential membership interests – related— 0.07 — 
XPLR Infrastructure, LP investment gains – net— (0.02)0.55 
Operating loss of Spain solar projects0.02 — — 
Less related income tax expense (benefit)0.10 (0.21)0.01 
Adjusted Earnings Per Share$1.33 $2.55 $3.43 
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