NextEra Energy (NEE) FY2023 results: revenue $28.1 billion, up 22.2% on the year
NextEra Energy Inc. (NEE) reported revenue of $28.1 billion for fiscal 2023, the year ended 31 December 2023, up 22.2% on the year before. Net income was $7.3 billion, up 76.3%, and diluted earnings per share $3.60. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$28.1 billion
+22.2% on the year
FY2016FY2023
Operating margin
36.4%
17.7% a year earlier
FY2016FY2023
Net income
$7.3 billion
+76.3% on the year
FY2016FY2023
Diluted EPS
$3.60
+71.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
11,301
8,262
7,553
+36.8%
Cash from investing
-23,467
-18,359
-13,591
Cash from financing
12,149
12,229
5,807
-0.7%
Depreciation and amortisation
5,879
4,503
3,924
+30.6%
Share-based compensation
139
142
119
-2.1%
Dividends paid
3,782
3,352
3,024
+12.8%
Dividend per share
$1.87
$1.70
$1.54
+10.0%
Diluted shares, weighted
2,031m
1,979m
1,972m
+2.6%
Shares outstanding at period end
2,052m
1,987m
1,963m
+3.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
47,468
39,229
37,202
+21.0%
Non-controlling interest
10,300
9,097
8,222
+13.2%
Redeemable equity
1,256
1,110
245
+13.2%
Debt
73,211
64,966
54,827
+12.7%
Other liabilities
45,254
44,533
40,416
+1.6%
Total liabilities and equity
177,489
158,935
140,912
+11.7%
Fixed assets
125,776
111,059
99,348
+13.3%
Goodwill
5,091
4,854
4,844
+4.9%
Intangible assets
1,556
623
606
+149.8%
Cash and equivalents
2,690
1,601
639
+68.0%
Receivables
3,609
4,349
3,378
-17.0%
Inventory
2,106
1,934
1,561
+8.9%
Other assets
36,661
34,515
30,536
+6.2%
Total assets
177,489
158,935
140,912
+11.7%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.