NEXTERA ENERGY INC (NEE) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
FPL	14,102	13,060	13,680	11,862	11,972	10,895	11,651	11,421
NEER				4,984	5,275	4,876	5,444	5,196
Other	4,698	3,940	3,820			367	391	404
Total revenues	18,800	17,000	17,500	15,400	17,173	16,138	17,486	17,021
Revenue growth [+]	10.6%	-2.9%	13.6%	-10.3%	6.4%	-7.7%	2.7%	12.5%
FPL	8.0%	-4.5%	15.3%	-0.9%	9.9%	-6.5%	2.0%	9.3%
NEER				-5.5%	8.2%	-10.4%	4.8%	19.9%
Cost of goods sold [+]	8,480	7,290	8,003	7,062	7,529	7,521	8,596	8,751
Fuel costs	4,527	3,539	4,363	3,732	4,071	3,992	5,327	5,602
Maintenance and operations costs	3,953	3,751	3,640	3,330	3,458	3,529	3,269	3,149
Gross profit	10,320	9,710	9,497	8,338	9,644	8,617	8,890	8,270
Gross margin	54.9%	57.1%	54.3%	54.1%	56.2%	53.4%	50.8%	48.6%
Selling, general and administrative [+]	1,801	1,709	1,804	1,551	1,455	1,343	1,395	1,362
General and administrative	1,801	1,709	1,804	1,551	1,455	1,343	1,395	1,362
Equity in earnings	666	-1,351	66	358	141	148	107	93
Other operating expenses	1,682	-1,167	-1,876	-5,331	1,255
EBITDA [+]	7,503	7,817	9,635	12,476	7,075	7,422	7,602	7,001
EBITDA growth	-4.0%	-18.9%	-22.8%	76.3%	-4.7%	-2.4%	8.6%	22.2%
EBITDA margin	39.9%	46.0%	55.1%	81.0%	41.2%	46.0%	43.5%	41.1%
Depreciation	3,899	4,025	4,198	3,892	2,322	3,085	2,814	2,536
EBITA	3,604	3,792	5,437	8,584	4,753	4,337	4,788	4,465
EBITA margin	19.2%	22.3%	31.1%	55.7%	27.7%	26.9%	27.4%	26.2%
Amortization of intangibles	25	27	18	19	35	35	17	15
EBIT [+]	3,579	3,765	5,419	8,565	4,718	4,302	4,771	4,450
EBIT growth	-4.9%	-30.5%	-36.7%	81.5%	9.7%	-9.8%	7.2%	24.8%
EBIT margin	19.0%	22.1%	31.0%	55.6%	27.5%	26.7%	27.3%	26.1%
Non-recurring items [+]				3,927	-596	-305	32	-27
Asset impairment					446	7	2
Loss (gain) on sale of assets								-27
Loss (gain) on disposal of assets					-1,111	-447	4
Interest expense, net [+]	1,270	1,950	2,249	1,447	1,477	1,016	1,125	1,181
Interest expense	1,270	1,950	2,249	1,498	1,558	1,098	1,211	1,261
Interest income				51	81	82	86	80
Other income (expense), net [+]	866	598	666	4,161	826	787	376	349
Gain (loss) on sale of assets	77	353	406	80				105
Gain (loss) on investments	70	50	55	111	112	40	90
Change in value of contingent liability						189
Other	130	92	121	48	11	19	40
Pre-tax income	3,175	2,413	3,836	7,352	4,663	4,378	3,990	3,645
Income taxes	348	44	448	1,576	-660	1,379	1,228	1,176
Tax rate	11.0%	1.8%	11.7%	21.4%		31.5%	30.8%	32.3%
Minority interest	-746	-550	-381	-862	-57	93	10	4
Net income	3,573	2,919	3,769	6,638	5,380	2,906	2,752	2,465
Net margin	19.0%	17.2%	21.5%	43.1%	31.3%	18.0%	15.7%	14.5%

Basic EPS [+]	$1.82	$1.49	$1.95	$3.51	$11.48	$6.28	$6.11	$5.67
Growth	22.2%	-23.8%	-44.3%	-69.4%	82.9%	2.7%	7.7%	43.5%
Diluted EPS [+]	$1.81	$1.48	$1.94	$3.48	$11.39	$6.24	$6.06	$5.60
Growth	22.2%	-23.6%	-44.2%	-69.4%	82.5%	2.9%	8.2%	42.6%

Dividends per share [+]	$1.54	$1.40	$1.25	$1.11	$3.93	$3.48	$3.08	$2.90
Growth	10.0%	12.0%	12.6%	-71.8%	12.9%	13.0%	6.1%	9.7%

Shares outstanding (basic) [+]	1,963	1,959	1,928	1,893	469	463	451	434
Growth	0.2%	1.6%	1.9%	303.8%	1.2%	2.8%	3.7%	2.4%
Shares outstanding (diluted) [+]	1,972	1,969	1,942	1,908	473	466	454	440
Growth	0.2%	1.4%	1.8%	303.8%	1.4%	2.6%	3.2%	3.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.