NextEra Energy Partners, LP (NEP) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 UNIVERSE BOULEVARD
JUNO BEACH, FL 33408
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments235,000147,000108,000128,000147,000154,000
Cash and cash equivalents235,000147,000108,000128,000147,000154,000
Restricted cash and investments    8,00025,000
Receivables1,309,0001,197,000266,000269,000148,000173,000
Inventory, net of allowances, customer advances and progress billings51,00041,00024,000   
Inventory51,00041,00024,000   
Derivative instruments and hedges, assets65,000     
Other current assets202,00025,00016,00036,00037,00046,000
Other undisclosed current assets      
Total current assets:1,862,0001,410,000414,000433,000340,000398,000
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization47,00048,000  ✕✕
Operating lease, right-of-use asset24,00044,00042,00043,000✕✕
Property, plant and equipment14,949,00011,417,0007,163,0006,970,0006,770,0006,197,000
Long-term investments and receivables1,917,0001,896,0001,814,0001,653,000214,000218,000
Long-term investments1,917,0001,896,0001,814,0001,653,000214,000218,000
Intangible assets, net (including goodwill)891,000891,000609,000609,000584,0001,289,000
Goodwill891,000891,000609,000609,000584,000628,000
Intangible assets, net (excluding goodwill)      661,000
Derivative instruments and hedges369,000     
Restricted cash and investments    11,0009,000 
Deferred income tax assets 195,000322,000249,000 ✕✕
Other noncurrent assets333,000272,000131,000137,000108,000101,000
Deferred tax assets, net✕✕✕✕✕108,000181,000
Other undisclosed noncurrent assets2,465,0002,676,0002,140,0002,400,0001,272,00011,000
Total noncurrent assets:21,190,00017,566,00012,148,00011,823,0009,065,0007,997,000
TOTAL ASSETS:23,052,00018,976,00012,562,00012,256,0009,405,0008,395,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:868,000982,000143,000122,00010,00026,000
Interest and dividends payable✕✕26,00025,00040,00031,00039,000
Taxes payable✕✕25,00022,00021,00019,000 
Accrued liabilities59,000     
Other undisclosed accounts payable and accrued liabilities809,000931,00096,00061,000(40,000)(13,000)
Debt38,00033,00012,00012,000707,00099,000
Derivative instruments and hedges, liabilities12,00026,00020,000  11,000
Due to related parties✕92,000104,00066,00058,00045,00045,000
Other liabilities257,00065,00062,00048,00047,00056,000
Other undisclosed current liabilities59,00051,00047,00061,00050,00039,000
Total current liabilities:1,326,0001,261,000350,000301,000859,000276,000
Noncurrent Liabilities
Long-term debt and lease obligation5,250,0005,294,0003,376,0004,132,0002,728,0004,218,000
Long-term debt, excluding current maturities5,250,0005,294,0003,376,0004,132,0002,728,0004,218,000
Liabilities, other than long-term debt551,0001,262,0001,129,000757,000280,000958,000
Deferred revenue and credits✕✕✕✕✕✕707,000
Asset retirement obligations299,000243,000144,000139,00095,00081,000
Deferred tax liabilities, net✕✕✕✕✕12,00063,000
Due to related parties✕54,00041,00033,00034,00034,00021,000
Other liabilities196,000383,000170,000167,000139,00086,000
Derivative instruments and hedges, liabilities2,000595,000782,000417,000  
Other undisclosed noncurrent liabilities1,153,000    735,000
Total noncurrent liabilities:6,954,0006,556,0004,505,0004,889,0003,008,0005,911,000
Total liabilities:8,280,0007,817,0004,855,0005,190,0003,867,0006,187,000
Temporary equity, carrying amount 101,000321,000    
Equity
Equity, attributable to parent(7,000)(8,000)(8,000)(8,000)(6,000)1,000
Accumulated other comprehensive income (loss)(7,000)(8,000)(8,000)(8,000)(6,000)1,000
Other undisclosed equity14,678,00010,846,0007,715,0007,074,0005,544,0002,207,000
Total equity:14,671,00010,838,0007,707,0007,066,0005,538,0002,208,000
TOTAL LIABILITIES AND EQUITY:23,052,00018,976,00012,562,00012,256,0009,405,0008,395,000

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,211,000982,000917,000855,000771,000807,000
Revenue, net✕✕✕✕✕✕807,000
Cost of revenue
(Cost of Goods and Services Sold)		  (17,000)    
Gross profit:1,211,000965,000917,000855,000771,000807,000
Operating expenses(1,050,000)(748,000)(664,000)(622,000)(328,000)(500,000)
Other undisclosed operating income 36,00017,000    
Operating income (loss):197,000234,000253,000233,000443,000307,000
Nonoperating income (expense)1,095,000238,000(510,000)(663,000)(170,000)(31,000)
Interest and debt expense   (4,000)(22,000)(248,000)(199,000)
Other undisclosed income from continuing operations before equity method investments, income taxes   4,000   
Income (loss) from continuing operations before equity method investments, income taxes:1,292,000472,000(257,000)(452,000)25,00077,000
Income from equity method investments   108,00038,00041,00040,000
Other undisclosed income (loss) from continuing operations before income taxes   (108,000)(16,000)207,000159,000
Income (loss) from continuing operations before income taxes:1,292,000472,000(257,000)(430,000)273,000276,000
Income tax expense (benefit)(171,000)(48,000)19,00026,000(6,000)(167,000)
Income (loss) from continuing operations:1,121,000424,000(238,000)(404,000)267,000109,000
Income (loss) before gain (loss) on sale of properties:✕✕424,000(238,000)(404,000)267,000109,000
Other undisclosed net income      
Net income (loss):1,121,000424,000(238,000)(404,000)267,000109,000
Net income (loss) attributable to noncontrolling interest  (287,000)188,000333,000(75,000)(171,000)
Other undisclosed net loss attributable to parent(644,000) (5,000)(17,000)(25,000)(3,000)
Net income (loss) available to common stockholders, basic:477,000137,000(55,000)(88,000)167,000(65,000)
Dilutive securities, effect on basic earnings per share     50,000 
Net income (loss) available to common stockholders, diluted:477,000137,000(55,000)(88,000)217,000(65,000)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,121,000424,000(238,000)(404,000)267,000109,000
Other comprehensive income (loss)2,0002,0002,000(4,000)2,00017,000
Other undisclosed comprehensive income     107,000 
Comprehensive income (loss):1,123,000426,000(236,000)(408,000)376,000126,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(645,000)(290,000)186,000335,000(192,000)(184,000)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (5,000)(17,000)(25,000)(3,000)
Comprehensive income (loss), net of tax, attributable to parent:478,000136,000(55,000)(90,000)159,000(61,000)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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