NextEra Energy Partners, LP (NEP) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12814715414716197
Cash and cash equivalents12814715414716197
Restricted cash and investments 825331625
Receivables269148173147142237
Inventory, net of allowances, customer advances and progress billings    138
Inventory    138
Prepaid expense    63
Other current assets36374628178
Other undisclosed current assets    (13)(8)
Total current assets:433340398355342370
Noncurrent Assets
Operating lease, right-of-use asset43
Property, plant and equipment6,9706,7706,1975,0514,1972,169
Long-term investments and receivables1,6532142189322 
Long-term investments1,6532142189322 
Intangible assets, net (including goodwill)6095841,2891,3061,318 
Goodwill609584628628622 
Intangible assets, net (excluding goodwill)  661678696 
Restricted cash and investments119    
Other noncurrent assets137108101784963
Deferred tax assets, net108181255161124
Other undisclosed noncurrent assets2,4001,272111231
Total noncurrent assets:11,8239,0657,9976,7955,7502,357
TOTAL ASSETS:12,2569,4058,3957,1506,0922,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1221026193515
Taxes payable2119    
Interest and dividends payable403139252821
Other undisclosed accounts payable and accrued liabilities61(40)(13)(6)7(6)
Debt12707997811378
Derivative instruments and hedges, liabilities  111822 
Due to related parties584545191631
Business combination, contingent consideration, liability   199  
Other liabilities484756392718
Other undisclosed current liabilities615039252821
Total current liabilities:301859276397241163
Noncurrent Liabilities
Long-term debt and lease obligation4,1322,7284,2183,5083,3341,758
Long-term debt, excluding current maturities4,1322,7284,2183,5083,3341,758
Liabilities, other than long-term debt757280958900870687
Deferred revenue and credits707701699592
Asset retirement obligations1399581653217
Deferred tax liabilities, net1263454056
Due to related parties3434212218 
Other liabilities16713986678122
Derivative instruments and hedges, liabilities417     
Other undisclosed noncurrent liabilities  73517685(592)
Total noncurrent liabilities:4,8893,0085,9114,5844,2891,853
Total liabilities:5,1903,8676,1874,9814,5302,016
Stockholders' equity
Stockholders' equity attributable to parent(8)(6)1(3)(6)(3)
Accumulated other comprehensive income (loss)(8)(6)1(3)(6)(3)
Other undisclosed stockholders' equity7,0745,5442,2072,1721,568714
Total stockholders' equity:7,0665,5382,2082,1691,562711
TOTAL LIABILITIES AND EQUITY:12,2569,4058,3957,1506,0922,727

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues855771807715471301
Revenue, net807715471301
Cost of revenue
(Cost of Goods and Services Sold)
     (2)
Gross profit:855771807715471299
Operating expenses(622)(328)(500)(425)(256)(139)
Other undisclosed operating income     2
Operating income:233443307290215162
Nonoperating income (expense)(663)(170)(31)111(114)(93)
Interest and debt expense(22)(248)(199)(147)(117)(93)
Other undisclosed income from continuing operations before equity method investments, income taxes     93
Income (loss) from continuing operations before equity method investments, income taxes:(452)2577254(16)69
Income (loss) from equity method investments38414020(2) 
Other undisclosed income (loss) from continuing operations before income taxes(16)207159127119 
Income (loss) from continuing operations before income taxes:(430)27327640110169
Income tax expense (benefit)26(6)(167)(56)(21)(16)
Net income (loss):(404)2671093458053
Net income (loss) attributable to noncontrolling interest333(75)(171)(263)(70) 
Other undisclosed net loss attributable to parent(17)(25)(3)   
Net income (loss) available to common stockholders, basic:(88)167(65)821053
Dilutive securities, effect on basic earnings per share 50    
Net income (loss) available to common stockholders, diluted:(88)217(65)821053

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(404)2671093458053
Other comprehensive income (loss)(4)21712(49)(34)
Other undisclosed comprehensive income 107    
Comprehensive income (loss):(408)3761263573119
Comprehensive income (loss), net of tax, attributable to noncontrolling interest335(192)(184)(272)(24) 
Other undisclosed comprehensive loss, net of tax, attributable to parent(17)(25)(3)   
Comprehensive income (loss), net of tax, attributable to parent:(90)159(61)85719

Statements sources

The financial statements are based on the company's filings with the 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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