Florida Power & Light
NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE has two principal businesses, FPL and NEER. FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. FPL’s strategic focus is centered on investing in generation, transmission and distribution facilities to continue to deliver on its value proposition of low bills, high reliability, outstanding customer service and clean energy solutions for the benefit of its more than five million customers. NEER is the world's largest generator of renewable energy from the wind and sun. NEER’s strategic focus is centered on the development, construction and operation of long-term contracted assets throughout the U.S. and Canada including renewable generation facilities, natural gas pipelines, electric transmission facilities and battery storage projects. In January 2019, NEE completed the acquisition of Gulf Power, a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in northwest Florida. See Gulf Power section below.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Calendar
26 Jul 21
2 Aug 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.55B | 1.55B | 1.55B | 1.55B | 1.55B | 1.55B |
| Cash burn (monthly) | 297M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 2.1B | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | -558.39M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -1.9 | n/a | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
- (a) NEER’s results reflect an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries.
- NEE prepares its financial statements under GAAP. However, management uses earnings adjusted for certain items (adjusted earnings), 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 NEE’s employee incentive compensation plans. NEE also uses adjusted earnings when communicating its financial results and earnings outlook to analysts and investors. NEE’s management believes that adjusted earnings provide a more meaningful representation of NEE's fundamental earnings power. Although these amounts are properly reflected in the determination of net income under GAAP, management believes that the amount and/or nature of such items make period to period comparisons of operations difficult and potentially confusing. Adjusted earnings do not represent a substitute for net income, as prepared under GAAP.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Bad
|
|
New words:
Arizona, battery, Coffey, Covenant, customary, demonstrating, diverse, Employment, geographically, parent, priority, receipt, Retention, Robert, rounding, satisfaction
Removed:
convert, photovoltaic
Financial reports
10-Q
2021 Q2
Quarterly report
26 Jul 21
10-Q
2021 Q1
Quarterly report
23 Apr 21
10-K
2020 FY
Annual report
11 Feb 21
10-Q
2020 Q3
Quarterly report
23 Oct 20
10-Q
2020 Q2
Quarterly report
24 Jul 20
10-Q
2020 Q1
Quarterly report
23 Apr 20
10-K
2019 FY
Annual report
14 Feb 20
10-Q
2019 Q3
Quarterly report
23 Oct 19
10-Q
2019 Q2
Quarterly report
24 Jul 19
10-Q
2019 Q1
Quarterly report
23 Apr 19
Current reports
8-K
NextEra Energy reports second-quarter 2021 financial results
23 Jul 21
8-K
Other Events
15 Jun 21
8-K
Other Events
10 May 21
8-K
NextEra Energy reports first-quarter 2021 financial results
21 Apr 21
8-K
Other Events
12 Mar 21
8-K
Other Events
1 Mar 21
8-K
NextEra Energy reports fourth-quarter and full-year 2020 financial results
26 Jan 21
8-K
Regulation FD Disclosure
11 Jan 21
8-K
Entry into a Material Definitive Agreement
18 Dec 20
8-K
NextEra Energy reports third-quarter 2020 financial results
21 Oct 20
Registration and prospectus
424B2
Prospectus for primary offering
11 Jun 21
FWP
Free writing prospectus
11 Jun 21
424B5
Prospectus supplement for primary offering
9 Jun 21
424B2
Prospectus for primary offering
6 May 21
FWP
Free writing prospectus
5 May 21
424B5
Prospectus supplement for primary offering
5 May 21
S-3ASR
Automatic shelf registration
23 Mar 21
424B2
Prospectus for primary offering
26 Feb 21
FWP
Free writing prospectus
25 Feb 21
424B5
Prospectus supplement for primary offering
22 Feb 21
Proxies
No filings
Other
UPLOAD
Letter from SEC
3 Jun 13
UPLOAD
Letter from SEC
24 Apr 13
CORRESP
Correspondence with SEC
28 Jul 10
CORRESP
Correspondence with SEC
17 Jun 10
EFFECT
Notice of effectiveness
3 May 07
CORRESP
Correspondence with SEC
1 May 07
UPLOAD
Letter from SEC
2 Apr 07
EFFECT
Notice of effectiveness
28 Nov 06
CORRESP
Correspondence with SEC
3 Aug 06
Patents
APP
Utility
Public Reporting of Power Line-down Conditions
15 Jul 21
Systems and methods to process many power line-down reports.
GRANT
Utility
Outage prevention in an electric power distribution grid using smart meter messaging
13 Jul 21
A system and method is disclosed for using AMI smart meter messaging types and data mining decision trees to determine if local equipment failure is present.
GRANT
Utility
Power relay system with arc flash incident energy reduction
8 Jun 21
One example includes a power relay system.
APP
Utility
Power Generator Protection System with Arc Flash Incident Energy Reduction
18 Mar 21
One example includes a power generator protection system.
APP
Utility
Power Distribution Fault Location Estimation Using Transient Analysis
11 Mar 21
A system and method for locating a fault in an electrical distribution system.