Summary
NextEra Energy Inc. (NEE), formerly FPL Group, Inc., reported its fourth quarter and full-year 2009 financial results on January 26, 2010. The filing includes a press release detailing the earnings for both FPL Group and its subsidiary, Florida Power & Light Company (FPL). The provided unaudited consolidated financial information for FPL indicates a slight decrease in operating revenues for 2009 compared to 2008, falling from $11,649 million to $11,491 million. However, operating income saw an increase, rising from $1,529 million to $1,581 million, and net income also grew from $789 million to $831 million. This suggests improved operational efficiency and profitability despite a dip in top-line revenue. From a balance sheet perspective, NextEra Energy demonstrated strengthening shareholder equity, which increased from $8,089 million in 2008 to $8,436 million in 2009. Total capitalization also grew from $13,400 million to $14,230 million. While long-term debt (excluding current maturities) increased from $5,311 million to $5,794 million, the growth in equity and overall capitalization suggests a solid financial footing. Investors should note these trends as indicators of the company's financial health and potential for future growth and stability.
Key Highlights
- 1NEE reported Q4 and full-year 2009 earnings on January 26, 2010.
- 2Unaudited FPL consolidated financial data for 2009 vs. 2008 is provided.
- 3Operating revenues for FPL slightly decreased from $11,649M in 2008 to $11,491M in 2009.
- 4Operating income for FPL increased from $1,529M in 2008 to $1,581M in 2009.
- 5Net income for FPL grew from $789M in 2008 to $831M in 2009.
- 6Common shareholder's equity for FPL increased from $8,089M in 2008 to $8,436M in 2009.
- 7Total capitalization for FPL increased from $13,400M in 2008 to $14,230M in 2009, with a rise in long-term debt.