NextEra Energy (NEE) FY2020 results: revenue $18.0 billion, down 6.3% on the year
NextEra Energy Inc. (NEE) reported revenue of $18.0 billion for fiscal 2020, the year ended 31 December 2020, down 6.3% on the year before. Net income was $2.9 billion, down 22.6%, and diluted earnings per share $1.48. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.
Revenue
$18.0 billion
-6.3% on the year
FY2013FY2020
Operating margin
28.4%
27.9% a year earlier
FY2013FY2020
Net income
$2.9 billion
-22.6% on the year
FY2013FY2020
Diluted EPS
$1.48
-23.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
17,997
19,204
16,727
-6.3%
Operating income
5,116
5,353
4,280
-4.4%
Operating margin
28.4%
27.9%
25.6%
Pre-tax income
2,413
3,836
7,352
-37.1%
Income tax
44.0
448
1,576
-90.2%
Effective tax rate
1.8%
11.7%
21.4%
Net income
2,919
3,769
6,638
-22.6%
Net margin
16.2%
19.6%
39.7%
Diluted EPS
$1.48
$1.94
$3.47
-23.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
7,983
8,155
6,593
-2.1%
Cash from investing
-13,699
-16,177
-10,950
Cash from financing
6,174
3,873
7,634
+59.4%
Depreciation and amortisation
4,052
4,216
3,911
-3.9%
Share-based compensation
107
100
82.0
+7.0%
Dividends paid
2,743
2,408
2,101
+13.9%
Dividend per share
$1.40
$1.25
$1.11
+12.0%
Diluted shares, weighted
1,969m
1,942m
1,908m
+1.4%
Shares outstanding at period end
1,960m
1,956m
1,912m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
36,513
37,005
34,144
-1.3%
Non-controlling interest
8,416
4,355
3,269
+93.2%
Redeemable equity
0.0
487
468
Debt
48,091
42,583
37,712
+12.9%
Other liabilities
34,664
33,261
28,109
+4.2%
Total liabilities and equity
127,684
117,691
103,702
+8.5%
Fixed assets
91,803
82,010
70,334
+11.9%
Goodwill
4,254
4,204
891
+1.2%
Intangible assets
558
417
573
+33.8%
Cash and equivalents
1,105
600
638
+84.2%
Receivables
2,263
2,282
2,302
-0.8%
Inventory
1,552
1,328
1,223
+16.9%
Other assets
26,149
26,850
27,741
-2.6%
Total assets
127,684
117,691
103,702
+8.5%
10-K for the year ended 31 December 2020, filed 12 February 2021: the filing.