Summary
NextEra Energy, Inc. (NEE), a major North American electric power company, reported its 2012 performance in this 10-K filing. The company operates primarily through two subsidiaries: Florida Power & Light Company (FPL), a regulated electric utility serving Florida, and NextEra Energy Resources, LLC (NEER), a significant wholesale power generator with a focus on renewable energy. NEE's business strategy emphasizes the development of renewable, nuclear, and natural gas-fired generation facilities. Notably, NEER is the largest generator of wind and solar power in North America, while FPL is one of the cleanest electric utilities, with a generation mix heavily leaning towards natural gas, nuclear, and solar power. The company highlighted its investments in modernizing power plants and expanding its renewable energy portfolio as key drivers for future growth and operational efficiency. Financial performance in 2012 showed resilience, with net income of $1.91 billion compared to $1.92 billion in 2011, primarily reflecting strong performance at FPL, which was partially offset by lower results at NEER and corporate segments. NEE's commitment to shareholder returns was evident through its dividend policy and share repurchase program. The company's robust liquidity position and access to capital markets were also emphasized, providing a stable foundation for ongoing and future capital expenditures.
Financial Highlights
47 data points| Revenue | $14.26B |
| Operating Expenses | $10.98B |
| Operating Income | $3.28B |
| Net Income | $1.91B |
| EPS (Basic) | $1.15 |
| EPS (Diluted) | $1.14 |
| Shares Outstanding (Basic) | 1.67B |
| Shares Outstanding (Diluted) | 1.68B |
Key Highlights
- 1NextEra Energy, Inc. (NEE) is a leading North American electric power company with a diverse generation portfolio, including the largest share of wind and solar power in North America.
- 2The company operates through two main segments: Florida Power & Light Company (FPL), a regulated utility, and NextEra Energy Resources, LLC (NEER), a competitive energy business.
- 3NEE's strategy focuses on developing and operating clean energy sources, including renewables, nuclear, and natural gas, with a stated goal of lower emissions compared to the industry average.
- 4FPL, NEE's Florida utility segment, serves a large customer base with a focus on reliability and low customer bills, continuing investments in infrastructure modernization.
- 5NEER's significant investments in wind and solar energy projects position it as a leader in renewable generation.
- 6The company reported a net income of $1.91 billion for the year ended December 31, 2012, demonstrating stable financial performance.
- 7NEE maintained a strong liquidity position, with approximately $5.7 billion in net available liquidity as of February 8, 2013.