NEE Q3 2018 Earnings Report — NextEra Energy, Inc. Revenue & Financial Results | Market Cap Arena

NextEra Energy, Inc.NEE

Q3 2018 Earnings

Reported October 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$4.4B	$4.1B	$4.8B	8.7%	-8.2%
Op. Income	$968M	$1.1B	$1.4B	-15.5%	-28.3%
Gross Margin	56.7%	57.1%	58.5%	-0.4pp	-1.9pp
Net Margin	22.8%	19.2%	17.6%	3.5pp	5.1pp
EPS (Diluted)	$0.53	$0.42	$0.45	26.2%	17.8%
Free Cash Flow	$563M	$228M	$917M	146.9%	-38.6%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.5B
Operating Expenses	$1.5B
Cost & Expenses	$3.4B
OPERATING INCOME	$968M
Interest Income	$11M
Interest Expense	$168M
Other Income/Expenses	$98M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$125M
Net Income from Continuing Ops	$941M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	-$4M
BOTTOM LINE NET INCOME	$1.0B
D&A	$1.2B
EBIT	$1.2B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.5B
Operating Expenses	$1.5B
Cost & Expenses	$3.4B
OPERATING INCOME	$968M
Interest Income	$11M
Interest Expense	$168M
Other Income/Expenses	$98M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$125M
Net Income from Continuing Ops	$941M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	-$4M
BOTTOM LINE NET INCOME	$1.0B
D&A	$1.2B
EBIT	$1.2B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$0
Deferred Income Tax	$160M
Other Non-Cash Items	-$88M
Change in Working Capital	$37M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$1.7B
Acquisitions (Net)	$0
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$0
Other Investing Activities	$996M
NET CASH FROM INVESTING	-$3.2B
Net Debt Issuance	$67M
Common Stock Repurchased	$0
Common Dividends Paid	-$523M
Other Financing Activities	$635M
NET CASH FROM FINANCING	$882M
FREE CASH FLOW	$563M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$497M
Short-Term Investments	$0
Net Receivables	$3.1B
Inventory	$1.1B
Other Current Assets	$3.6B
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$68.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$12.9B
Tax Assets	$0
Other Non-Current Assets	$8.8B
TOTAL NON-CURRENT ASSETS	$90.3B
TOTAL ASSETS	$98.6B
Account Payables	$3.0B
Short-Term Debt	$5.5B
Deferred Revenue	$448M
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$12.8B
Long-Term Debt	$27.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.4B
Other Non-Current Liabilities	$14.0B
TOTAL NON-CURRENT LIABILITIES	$48.5B
TOTAL LIABILITIES	$61.3B
Common Stock	$5M
Additional Paid-In Capital	$10.5B
Retained Earnings	$23.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$158M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$34.3B
Minority Interest	$3.1B
TOTAL EQUITY	$37.3B
TOTAL LIABILITIES & EQUITY	$98.6B
Total Debt	$32.6B
Net Debt	$32.1B