tickertape
← runs

NEE

NEXTERA ENERGY INCeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00126.9sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$27.4BR2 OPERATING REVENUES27,412 millions-
Operating income$8.3BR10 OPERATING INCOME8,280 millions$8.3B ✓
Net income attributable to the company$6.8BR24 NET INCOME ATTRIBUTABLE TO NEE6,835 millions$6.8B ✓
Diluted EPS$3.30R27 Assuming dilution3.30$3.30 ✓
Cash and cash equivalents$2.8BR4 Cash and cash equivalents2,812 millions$2.8B ✓
Total assets$212.7BR22 TOTAL ASSETS212,721 millions$212.7B ✓
Total liabilities$146.2BR44 TOTAL LIABILITIES146,242 millions$146.2B ✓
Total shareholders' equity attributable to the company$54.6BR52 Total common shareholders' equity54,608 millions$54.6B ✓
Net cash from operating activities$12.5BR22 Net cash provided by operating activities12,485 millions$12.5B ✓
Net cash from investing activities-$23.9BR33 Net cash used in investing activities(23,865) millions-$23.9B ✓
Net cash from financing activities$13.0BR46 Net cash provided by financing activities12,979 millions$13.0B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · totalEquity excludes noncontrolling interests
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · netIncome excludes noncontrolling interests
  • cash flows tie to the change in cash · operating + investing + financing = 1599000000, but the printed net change in cash is 285000000 or 1604000000 (FX effect 110000000)

management's claims

All 3 checkable claims in management's discussion match the statements. 6 more were about segments, regions or adjusted measures and weren't checked.

  • matchesNet income attributable to the company: "NET INCOME ATTRIBUTABLE TO NEE" is 6835000000 (prior year 6946000000)
    “Net income attributable to NEE for 2025 was $6.84 billion compared to $6.95 billion in 2024.”
  • matchesNet income attributable to the company: "NET INCOME ATTRIBUTABLE TO NEE" is 6835000000 (prior year 6946000000)
    “Net income attributable to NEE for 2025 was $6.84 billion compared to $6.95 billion in 2024.”
  • matchesNet income attributable to the company: "NET INCOME ATTRIBUTABLE TO NEE" decreased
    “In 2025, net income attributable to NEE decreased primarily due to lower results at Corporate and Other, partly offset by higher results at FPL and NEER.”

trace

  1. 0locator (code)0.22s
    {
  "tables": 94,
  "exhibits": [],
  "documents": 1
}
    {
  "income": {
    "rows": 28,
    "scale": 1000000,
    "score": 41,
    "heading": " 1950. 63 Table of Content s NEXTERA ENERGY, INC. CONSOLIDATED STATEMENTS OF INCOME (millions, except per share amounts)",
    "tableIndex": 32,
    "runnerUpScore": 29
  },
  "balance": {
    "rows": 56,
    "scale": 1000000,
    "score": 55,
    "heading": "of these statements. 65 Table of Content s NEXTERA ENERGY, INC. CONSOLIDATED BALANCE SHEETS (millions, except par value)",
    "tableIndex": 34,
    "runnerUpScore": 54.25
  },
  "cashflow": {
    "rows": 57,
    "scale": 1000000,
    "score": 55,
    "heading": "al part of these statements. 66 Table of Content s NEXTERA ENERGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (millions)",
    "tableIndex": 35,
    "runnerUpScore": 54
  }
}
  2. 1cash flow agent1.63s · 1957 tokens · $0.0002
    {
  "rows": 57,
  "retryHint": null,
  "tableIndex": 35
}
    {
  "figures": [
    {
      "note": "This is the operating activities section total, after changes in operating assets and liabilities.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 12485000000,
      "printed": "12,485",
      "rowIndex": 22,
      "rowLabel": "Net cash provided by operating activities",
      "priorValue": 13260000000,
      "agentPrinted": "12,485",
      "failedChecks": [],
      "priorPrinted": "13,260",
      "groundingMismatch": false
    },
    {
      "note": "This is the net cash total for investing activities.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -23865000000,
      "printed": "(23,865)",
      "rowIndex": 33,
      "rowLabel": "Net cash used in investing activities",
      "priorValue": -22264000000,
      "agentPrinted": "(23,865)",
      "failedChecks": [],
      "priorPrinted": "(22,264)",
      "groundingMismatch": false
    },
    {
      "note": "This is the net cash total for financing activities.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": 12979000000,
      "printed": "12,979",
      "rowIndex": 46,
      "rowLabel": "Net cash provided by financing activities",
      "priorValue": 7000000000,
      "agentPrinted": "12,979",
      "failedChecks": [],
      "priorPrinted": "7,000",
      "groundingMismatch": false
    }
  ],
  "statement": "cashflow",
  "tableIndex": 35,
  "priorColumn": 1,
  "currentColumn": 0
}
  3. 2income statement agent1.94s · 1600 tokens · $0.0002
    {
  "rows": 28,
  "retryHint": null,
  "tableIndex": 32
}
    {
  "figures": [
    {
      "note": "This is the statement’s company-wide operating revenue total.",
      "field": "revenue",
      "scale": 1000000,
      "value": 27412000000,
      "printed": "27,412",
      "rowIndex": 2,
      "rowLabel": "OPERATING REVENUES",
      "priorValue": 24753000000,
      "agentPrinted": "27,412",
      "failedChecks": [],
      "priorPrinted": "24,753",
      "groundingMismatch": false
    },
    {
      "note": "The statement prints operating income on this row.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": 8280000000,
      "printed": "8,280",
      "rowIndex": 10,
      "rowLabel": "OPERATING INCOME",
      "priorValue": 7479000000,
      "agentPrinted": "8,280",
      "failedChecks": [],
      "priorPrinted": "7,479",
      "groundingMismatch": false
    },
    {
      "note": "This is net income attributable to NEE, excluding noncontrolling interests.",
      "field": "netIncome",
      "scale": 1000000,
      "value": 6835000000,
      "printed": "6,835",
      "rowIndex": 24,
      "rowLabel": "NET INCOME ATTRIBUTABLE TO NEE",
      "priorValue": 6946000000,
      "agentPrinted": "6,835",
      "failedChecks": [],
      "priorPrinted": "6,946",
      "groundingMismatch": false
    },
    {
      "note": "“Assuming dilution” is the diluted EPS line attributable to NEE.",
      "field": "epsDiluted",
      "scale": 1,
      "value": 3.3,
      "printed": "3.30",
      "rowIndex": 27,
      "rowLabel": "Assuming dilution",
      "priorValue": 3.37,
      "agentPrinted": "3.30",
      "failedChecks": [],
      "priorPrinted": "3.37",
      "groundingMismatch": false
    }
  ],
  "statement": "income",
  "tableIndex": 32,
  "priorColumn": 1,
  "currentColumn": 0
}
  4. 3balance sheet agent1.99s · 1754 tokens · $0.0002
    {
  "rows": 56,
  "retryHint": null,
  "tableIndex": 34
}
    {
  "figures": [
    {
      "note": "This is the printed cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 2812000000,
      "printed": "2,812",
      "rowIndex": 4,
      "rowLabel": "Cash and cash equivalents",
      "priorValue": 1487000000,
      "agentPrinted": "2,812",
      "failedChecks": [],
      "priorPrinted": "1,487",
      "groundingMismatch": false
    },
    {
      "note": "This is the total assets line.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 212721000000,
      "printed": "212,721",
      "rowIndex": 22,
      "rowLabel": "TOTAL ASSETS",
      "priorValue": 190144000000,
      "agentPrinted": "212,721",
      "failedChecks": [],
      "priorPrinted": "190,144",
      "groundingMismatch": false
    },
    {
      "note": "This is the standalone total liabilities line, not the liabilities-and-equity total.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": 146242000000,
      "printed": "146,242",
      "rowIndex": 44,
      "rowLabel": "TOTAL LIABILITIES",
      "priorValue": 129283000000,
      "agentPrinted": "146,242",
      "failedChecks": [],
      "priorPrinted": "129,283",
      "groundingMismatch": false
    },
    {
      "note": "This is company-attributable common shareholders’ equity; the total equity line includes noncontrolling interests.",
      "field": "totalEquity",
      "scale": 1000000,
      "value": 54608000000,
      "printed": "54,608",
      "rowIndex": 52,
      "rowLabel": "Total common shareholders' equity",
      "priorValue": 50101000000,
      "agentPrinted": "54,608",
      "failedChecks": [],
      "priorPrinted": "50,101",
      "groundingMismatch": false
    }
  ],
  "statement": "balance",
  "tableIndex": 34,
  "priorColumn": 1,
  "currentColumn": 0
}
  5. 4reconciler (code)0.00s
    null
    [
  {
    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "totalEquity excludes noncontrolling interests",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "netIncome_before_preferred",
    "detail": "net income is not the after-preferred-dividends line",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
      "epsDiluted"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "netIncome_attribution",
    "detail": "netIncome excludes noncontrolling interests",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing = 1599000000, but the printed net change in cash is 285000000 or 1604000000 (FX effect 110000000)",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": false,
    "skipped": false,
    "statement": "cashflow"
  }
]
  6. 5MD&A claims agent4.39s · 2292 tokens · $0.0005
    null
    [
  {
    "kind": "current_value",
    "field": "netIncome",
    "quote": "Net income attributable to NEE for 2025 was $6.84 billion compared to $6.95 billion in 2024.",
    "scope": "consolidated",
    "actual": 6835000000,
    "reason": "Net income attributable to the company: \"NET INCOME ATTRIBUTABLE TO NEE\" is 6835000000 (prior year 6946000000)",
    "claimed": 6840000000,
    "verdict": "consistent",
    "asWritten": "$6.84 billion",
    "tolerance": 5000000,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "netIncome",
    "quote": "Net income attributable to NEE for 2025 was $6.84 billion compared to $6.95 billion in 2024.",
    "scope": "consolidated",
    "actual": 6835000000,
    "reason": "Net income attributable to the company: \"NET INCOME ATTRIBUTABLE TO NEE\" is 6835000000 (prior year 6946000000)",
    "claimed": 6950000000,
    "verdict": "consistent",
    "asWritten": "$6.95 billion",
    "tolerance": 5000000,
    "quoteVerified": true
  },
  {
    "kind": "direction",
    "field": "netIncome",
    "quote": "In 2025, net income attributable to NEE decreased primarily due to lower results at Corporate and Other, partly offset by higher results at FPL and NEER.",
    "scope": "consolidated",
    "actual": -111000000,
    "reason": "Net income attributable to the company: \"NET INCOME ATTRIBUTABLE TO NEE\" decreased",
    "claimed": null,
    "verdict": "consistent",
    "asWritten": "decreased",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "netIncome",
    "quote": "FPL’s net income for 2025 and 2024 was $5,012 million and $4,543 million, respectively, representing an increase of $469 million.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$5,012 million",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "netIncome",
    "quote": "FPL’s net income for 2025 and 2024 was $5,012 million and $4,543 million, respectively, representing an increase of $469 million.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$4,543 million",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "netIncome",
    "quote": "FPL’s net income for 2025 and 2024 was $5,012 million and $4,543 million, respectively, representing an increase of $469 million.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$469 million",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "netIncome",
    "quote": "NEER’s net income less net loss attributable to noncontrolling interests for 2025 and 2024 was $2,975 million and $2,299 million, respectively, resulting in an increase in 2025 of $676 million.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$2,975 million",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "netIncome",
    "quote": "NEER’s net income less net loss attributable to noncontrolling interests for 2025 and 2024 was $2,975 million and $2,299 million, respectively, resulting in an increase in 2025 of $676 million.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$2,299 million",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "netIncome",
    "quote": "NEER’s net income less net loss attributable to noncontrolling interests for 2025 and 2024 was $2,975 million and $2,299 million, respectively, resulting in an increase in 2025 of $676 million.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$676 million",
    "tolerance": null,
    "quoteVerified": true
  }
]

Income statement

table #32 · current period is figure column 1
0Years Ended December 31,
1202520242023
2OPERATING REVENUES← Total revenue27,41224,75328,114
3OPERATING EXPENSES
4Fuel, purchased power and interchange4,9445,0295,457
5Other operations and maintenance5,3994,8574,681
6Depreciation and amortization6,5805,4625,879
7Taxes other than income taxes and other - net2,4692,2782,265
8Total operating expenses - net19,39217,62618,282
9GAINS ON DISPOSAL OF BUSINESSES/ASSETS - NET260352405
10OPERATING INCOME← Operating income8,2807,47910,237
11OTHER INCOME (DEDUCTIONS)
12Interest expense(4,572)(2,235)(3,324)
13Equity in losses of equity method investees(184)(246)(648)
14Allowance for equity funds used during construction181198161
15Gains on disposal of investments and other property - net179163125
16Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net107107159
17Other net periodic benefit income267235245
18Other - net272336333
19Total other income (deductions) - net(3,750)(1,442)(2,949)
20INCOME BEFORE INCOME TAXES4,5306,0377,288
21INCOME TAX EXPENSE (BENEFIT)(802)3391,006
22NET INCOME5,3325,6986,282
23NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS1,5031,2481,028
24NET INCOME ATTRIBUTABLE TO NEE← Net income attributable to the company6,8356,9467,310
25Earnings per share attributable to NEE:
26Basic3.313.383.61
27Assuming dilution← Diluted EPS3.303.373.60

Balance sheet

table #34 · current period is figure column 1
0December 31,
120252024
2ASSETS
3Current assets:
4Cash and cash equivalents← Cash and cash equivalents2,8121,487
5Customer receivables, net of allowances of $82 and $56, respectively4,0183,336
6Other receivables1,7331,180
7Materials, supplies and fuel inventory2,4202,214
8Regulatory assets4331,417
9Derivatives997879
10Other1,1711,438
11Total current assets13,58411,951
12Other assets:
13Property, plant and equipment - net ($28,988 and $25,632 related to VIEs, respectively)156,197138,852
14Special use funds10,9549,800
15Investment in equity method investees5,5286,118
16Prepaid benefit costs2,8682,496
17Regulatory assets5,6394,828
18Derivatives1,9981,774
19Goodwill4,8494,866
20Other11,1049,459
21Total other assets199,137178,193
22TOTAL ASSETS← Total assets212,721190,144
23LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
24Current liabilities:
25Commercial paper1,9551,670
26Other short-term debt608217
27Current portion of long-term debt ($9 and $25 related to VIEs, respectively)3,5008,061
28Accounts payable ($502 and $631 related to VIEs, respectively)7,5836,982
29Customer deposits709694
30Accrued interest and taxes1,1851,016
31Derivatives1,1131,073
32Accrued construction-related expenditures2,9662,346
33Regulatory liabilities356279
34Other2,8423,017
35Total current liabilities22,81725,355
36Other liabilities and deferred credits:
37Long-term debt ($190 and $436 related to VIEs, respectively)89,55672,385
38Asset retirement obligations3,6693,671
39Deferred income taxes12,35911,749
40Regulatory liabilities11,47410,635
41Derivatives2,1482,008
42Other4,2193,480
43Total other liabilities and deferred credits123,425103,928
44TOTAL LIABILITIES← Total liabilities146,242129,283
45COMMITMENTS AND CONTINGENCIES
46REDEEMABLE NONCONTROLLING INTERESTS - VIEs-401
47EQUITY
48Common stock ($0.01 par value, authorized shares - 3,200; outstanding shares - 2,083 and 2,057, respectively)2121
49Additional paid-in capital19,49417,260
50Retained earnings35,10232,946
51Accumulated other comprehensive loss(9)(126)
52Total common shareholders' equity← Total shareholders' equity attributable to the company54,60850,101
53Noncontrolling interests ($11,711 and $10,206 related to VIEs, respectively)11,87110,359
54TOTAL EQUITY66,47960,460
55TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY212,721190,144

Cash flow statement

table #35 · current period is figure column 1
0Years Ended December 31,
1202520242023
2CASH FLOWS FROM OPERATING ACTIVITIES
3Net income5,3325,6986,282
4Adjustments to reconcile net income to net cash provided by operating activities:
5Depreciation and amortization6,5805,4625,879
6Nuclear fuel and other amortization361299272
7Unrealized losses (gains) on marked to market derivative contracts - net199(492)(1,949)
8Unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds - net(107)(107)(159)
9Foreign currency transaction losses (gains)110(85)92
10Deferred income taxes4531,308708
11Cost recovery clauses and franchise fees(89)1,0161,104
12Equity in losses of equity method investees184246648
13Distributions of earnings from equity method investees446811712
14Gains on disposal of businesses, assets and investments - net(439)(515)(530)
15Recoverable storm-related costs(460)(676)(399)
16Other - net28813534
17Changes in operating assets and liabilities:
18Current assets(920)(382)58
19Noncurrent assets(440)(473)(408)
20Current liabilities487767(1,109)
21Noncurrent liabilities50024866
22Net cash provided by operating activities← Net cash from operating activities12,48513,26011,301
23CASH FLOWS FROM INVESTING ACTIVITIES
24Capital expenditures of FPL(8,719)(7,992)(9,302)
25Independent power and other investments of NEER(15,332)(16,215)(15,565)
26Nuclear fuel purchases(553)(399)(185)
27Other capital expenditures(2)(123)(61)
28Proceeds from the sale of Florida City Gas business--924
29Sale of independent power and other investments of NEER1,1152,6591,883
30Proceeds from sale or maturity of securities in special use funds and other investments5,4015,4454,875
31Purchases of securities in special use funds and other investments(5,893)(5,623)(5,926)
32Other - net118(16)(110)
33Net cash used in investing activities← Net cash from investing activities(23,865)(22,264)(23,467)
34CASH FLOWS FROM FINANCING ACTIVITIES
35Issuances of long-term debt, including premiums and discounts23,39424,76913,857
36Retirements of long-term debt(10,347)(10,113)(7,978)
37Proceeds from differential membership investors3,2762,2572,745
38Payments to differential membership investors(516)(740)(75)
39Net change in commercial paper285(2,980)2,941
40Proceeds from other short-term debt2,5586,5751,980
41Repayments of other short-term debt(2,167)(6,613)(2,613)
42Cash swept from (repayments to) related parties - net(131)(1,371)1,213
43Issuances of common stock/equity units2,038484,514
44Dividends on common stock(4,680)(4,235)(3,782)
45Other - net(731)(597)(653)
46Net cash provided by financing activities← Net cash from financing activities12,9797,00012,149
47Effects of currency translation on cash, cash equivalents and restricted cash5(14)(4)
48Net increase (decrease) in cash, cash equivalents and restricted cash1,604(2,018)(21)
49Cash, cash equivalents and restricted cash at beginning of year1,4023,4203,441
50Cash, cash equivalents and restricted cash at end of year3,0061,4023,420
51SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
52Cash paid for interest (net of amount capitalized)3,5012,7372,463
53Cash paid (received) for income taxes - net(1,275)(760)321
54SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
55Accrued property additions7,6456,8357,104
56Right-of-use asset in exchange for finance lease liability344533124