v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING REVENUES $ 4,785 $ 5,572 $ 13,602 $ 14,616
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 1,111 1,266 2,663 3,308
Other operations and maintenance 922 863 2,656 2,576
Depreciation and amortization 1,279 1,295 3,108 3,247
Losses (gains) on disposal of businesses/assets - net 11 2 (279) (378)
Taxes other than income taxes and other - net 454 553 1,278 1,387
Total operating expenses - net 3,777 3,979 9,426 10,140
OPERATING INCOME 1,008 1,593 4,176 4,476
OTHER INCOME (DEDUCTIONS)        
Interest expense (208) (746) (1,839) (2,061)
Equity in earnings (losses) of equity method investees 249 (90) 13 (80)
Allowance for equity funds used during construction 22 14 64 51
Interest income 7 16 31 41
Gains on disposal of investments and other property - net 16 6 42 37
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net 87 1 (23) 157
Other net periodic benefit income 50 50 149 136
Other - net 21 12 25 43
Total other income (deductions) - net 244 (737) (1,538) (1,676)
INCOME BEFORE INCOME TAXES 1,252 856 2,638 2,800
INCOME TAXES 129 58 79 256
Net Income (Loss) 1,123 798 2,559 2,544
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 106 81 365 250
Net Income (Loss) Attributable to Parent $ 1,229 $ 879 $ 2,924 $ 2,794
Earnings per share of common stock:        
Basic (in dollars per share) $ 2.51 $ 1.82 $ 5.97 $ 5.82
Assuming dilution (in dollars per share) $ 2.50 $ 1.81 $ 5.94 $ 5.78
FPL [Member]        
OPERATING REVENUES $ 3,455 $ 3,491 $ 8,820 $ 9,267
OPERATING EXPENSES (INCOME)        
Fuel, purchased power and interchange 839 943 1,936 2,478
Other operations and maintenance 364 345 1,041 1,070
Depreciation and amortization 823 853 1,775 2,005
Taxes other than income taxes and other - net 369 377 1,027 1,029
Total operating expenses - net 2,395 2,518 5,779 6,582
OPERATING INCOME 1,060 973 3,041 2,685
OTHER INCOME (DEDUCTIONS)        
Interest expense (147) (152) (450) (442)
Allowance for equity funds used during construction 14 11 44 46
Other - net (1) 2 (1) 3
Total other income (deductions) - net (134) (139) (407) (393)
INCOME BEFORE INCOME TAXES 926 834 2,634 2,292
INCOME TAXES 169 151 486 358
Net Income (Loss) [1] $ 757 $ 683 $ 2,148 $ 1,934
[1]
FPL's comprehensive income is the same as reported net income.