NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE has two principal businesses, FPL and NEER. FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. FPL’s strategic focus is centered on investing in generation, transmission and distribution facilities to continue to deliver on its value proposition of low bills, high reliability, outstanding customer service and clean energy solutions for the benefit of its more than five million customers. NEER is the world's largest generator of renewable energy from the wind and sun. NEER’s strategic focus is centered on the development, construction and operation of long-term contracted assets throughout the U.S. and Canada including renewable generation facilities, natural gas pipelines, electric transmission facilities and battery storage projects. In January 2019, NEE completed the acquisition of Gulf Power, a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in northwest Florida. See Gulf Power section below.
![Florida Power & Light logo](https://files.capedge.com/10-K/0000753308-24-000008/nee-20231231_g1.jpg)
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
NextEra Energy Capital Holdings, Inc. • NextEra Energy • Palms Insurance Company • Palms Specialty Insurance Company ...
Latest filings (excl ownership)
424B2
Prospectus for primary offering
26 Jul 24
FWP
Free writing prospectus
25 Jul 24
424B5
Prospectus supplement for primary offering
25 Jul 24
10-Q
2024 Q2
Quarterly report
24 Jul 24
8-K
NextEra Energy reports second-quarter 2024 financial results
24 Jul 24
8-K
Other Events
1 Jul 24
424B2
Prospectus for primary offering
27 Jun 24
FWP
Free writing prospectus
27 Jun 24
424B5
Prospectus supplement for primary offering
25 Jun 24
8-K
Other Events
3 Jun 24
Latest ownership filings
No filings
Financial summary
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Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 2.21 bn | 2.21 bn | 2.21 bn | 2.21 bn | 2.21 bn | 2.21 bn |
Cash burn (monthly) | 402.33 mm | 164.67 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.56 bn | 636.58 mm | n/a | n/a | n/a | n/a |
Cash remaining | 657.62 mm | 1.58 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1.6 | 9.6 | n/a | n/a | n/a | n/a |