8-KEarnings & ResultsOther EventsExhibits & Filings

NEXTERA ENERGY INC 8-K Report, Financial Results (Jan 26, 2010)

Filed January 26, 2010For Securities:NEENEE-PNNEE-PSNEE-PTNEE-PWNEE-PVNEE-PU

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide the financial results for NextEra Energy Inc. (formerly FPL Group, Inc.) for the fourth quarter and full year of 2009, as detailed in a press release.

FPL experienced a slight decrease in operating revenues, from $11,649 million in 2008 to $11,491 million in 2009. However, the company improved its profitability, with operating income rising from $1,529 million to $1,581 million, and net income increasing from $789 million to $831 million.

NextEra Energy's balance sheet shows a strengthening financial position in 2009. Common shareholder's equity increased to $8,436 million from $8,089 million in 2008, and total capitalization grew to $14,230 million from $13,400 million. While long-term debt also increased, the growth in equity indicates a healthier capital structure.

The detailed financial results are contained within the press release dated January 26, 2010, issued by FPL Group, Inc. This press release is attached as Exhibit 99 to the 8-K filing and is incorporated by reference.