NextEra Energy (NEE) FY2019 results: revenue $19.2 billion, up 14.8% on the year
NextEra Energy Inc. (NEE) reported revenue of $19.2 billion for fiscal 2019, the year ended 31 December 2019, up 14.8% on the year before. Net income was $3.8 billion, down 43.2%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$19.2 billion
+14.8% on the year
FY2012FY2019
Operating margin
27.9%
25.6% a year earlier
FY2012FY2019
Net income
$3.8 billion
-43.2% on the year
FY2012FY2019
Diluted EPS
$1.94
-44.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
19,204
16,727
17,195
+14.8%
Operating income
5,353
4,280
5,173
+25.1%
Operating margin
27.9%
25.6%
30.1%
Pre-tax income
3,836
7,352
4,667
-47.8%
Income tax
448
1,576
-660
-71.6%
Effective tax rate
11.7%
21.4%
-14.1%
Net income
3,769
6,638
5,378
-43.2%
Net margin
19.6%
39.7%
31.3%
Diluted EPS
$1.94
$3.47
$2.85
-44.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
8,155
6,593
6,458
+23.7%
Cash from investing
-16,177
-10,950
-8,918
Cash from financing
3,873
7,634
2,888
-49.3%
Depreciation and amortisation
4,216
3,911
2,357
+7.8%
Share-based compensation
100
82.0
76.0
+22.0%
Dividends paid
2,408
2,101
1,845
+14.6%
Dividend per share
$1.25
$1.11
$0.98
+12.6%
Diluted shares, weighted
1,942m
1,908m
1,890m
+1.8%
Shares outstanding at period end
1,956m
1,912m
1,884m
+2.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
37,005
34,144
28,208
+8.4%
Non-controlling interest
4,355
3,269
1,295
+33.2%
Redeemable equity
487
468
0.0
+4.1%
Debt
42,583
37,712
35,025
+12.9%
Other liabilities
33,261
28,109
33,299
+18.3%
Total liabilities and equity
117,691
103,702
97,827
+13.5%
Fixed assets
82,010
70,334
72,416
+16.6%
Goodwill
4,204
891
764
+371.8%
Intangible assets
417
573
1,149
-27.2%
Cash and equivalents
600
638
1,714
-6.0%
Receivables
2,282
2,302
2,220
-0.9%
Inventory
1,328
1,223
1,273
+8.6%
Other assets
26,850
27,741
18,291
-3.2%
Total assets
117,691
103,702
97,827
+13.5%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.