AI English summary of an SEC filing — figures as filed
NextEra Energy NEEThe company said net income attributable to NEE rose to $7.31 billion in 2023 from $4.15 billion in 2022, an increase of $3,163 million, or $1.50 per share, assuming dilution. The company said higher results at NEER and FPL were partly offset by lower results at Corporate and Other.
Key points
AI summaryThe company said net income attributable to NEE rose to $7.31 billion in 2023 from $4.15 billion in 2022, an increase of $3,163 million, or $1.50 per share, assuming dilution. The company said higher results at NEER and FPL were partly offset by lower results at Corporate and Other.
The company said FPL's net income for 2023 was $4,552 million, an increase of $851 million from 2022, when it was $3,701 million. It said investments in plant and equipment grew FPL's average rate base by about $6.9 billion and that the gain on the sale of FPL's interest in the Florida City Gas business was also reflected.
NEER's net income less net loss attributable to noncontrolling interests for 2023 was $3,558 million, compared with $285 million for 2022, an increase of $3,273 million, the company said. It also said it recorded an impairment charge of about $1.2 billion ($0.9 billion after tax) related to its investment in NEP.
The company said NEE's total net available liquidity was about $12.2 billion as of December 31, 2023. On the same day, NEE disclosed that it beneficially owned about 52.6% of NEP's voting power.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $24.8B
- Operating income
- $10.2B
- Net income
- $7.3B
- EPS
- $3.60
- Operating cash flow
- $11.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Net Income Growth in 2023
The company said net income attributable to NEE rose to $7.31 billion in 2023 from $4.15 billion in 2022, an increase of $3,163 million, or $1.50 per share, assuming dilution. The company said higher results at NEER and FPL were partly offset by lower results at Corporate and Other.
Source · Based on the MD&A text of the filing
FPL Net Income and Rate Base Investment
The company said FPL's net income for 2023 was $4,552 million, an increase of $851 million from 2022, when it was $3,701 million. It said investments in plant and equipment grew FPL's average rate base by about $6.9 billion and that the gain on the sale of FPL's interest in the Florida City Gas business was also reflected.
Source · Based on the MD&A text of the filing
NEER Earnings Change and NEP Impairment
NEER's net income less net loss attributable to noncontrolling interests for 2023 was $3,558 million, compared with $285 million for 2022, an increase of $3,273 million, the company said. It also said it recorded an impairment charge of about $1.2 billion ($0.9 billion after tax) related to its investment in NEP.
Source · Based on the MD&A text of the filing
Liquidity and NEP Stake
The company said NEE's total net available liquidity was about $12.2 billion as of December 31, 2023. On the same day, NEE disclosed that it beneficially owned about 52.6% of NEP's voting power.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…