NextEra Energy Partners, LP (NEP) financial statements (2021 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)

12/31/2020
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 investments10812814715414716197
Cash and cash equivalents10812814715414716197
Restricted cash and investments  825331625
Receivables266269148173147142237
Inventory, net of allowances, customer advances and progress billings24    138
Inventory24    138
Prepaid expense     63
Other current assets1636374628178
Other undisclosed current assets     (13)(8)
Total current assets:414433340398355342370
Noncurrent Assets
Operating lease, right-of-use asset4243
Property, plant and equipment7,1636,9706,7706,1975,0514,1972,169
Long-term investments and receivables1,8141,6532142189322 
Long-term investments1,8141,6532142189322 
Intangible assets, net (including goodwill)6096095841,2891,3061,318 
Goodwill609609584628628622 
Intangible assets, net (excluding goodwill)   661678696 
Restricted cash and investments 119    
Deferred income tax assets249 
Other noncurrent assets131137108101784963
Deferred tax assets, net108181255161124
Other undisclosed noncurrent assets2,1402,4001,272111231
Total noncurrent assets:12,14811,8239,0657,9976,7955,7502,357
TOTAL ASSETS:12,56212,2569,4058,3957,1506,0922,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1431221026193515
Taxes payable222119    
Interest and dividends payable25403139252821
Other undisclosed accounts payable and accrued liabilities9661(40)(13)(6)7(6)
Debt1212707997811378
Derivative instruments and hedges, liabilities20  111822 
Due to related parties66584545191631
Business combination, contingent consideration, liability    199  
Other liabilities62484756392718
Other undisclosed current liabilities47615039252821
Total current liabilities:350301859276397241163
Noncurrent Liabilities
Long-term debt and lease obligation3,3764,1322,7284,2183,5083,3341,758
Long-term debt, excluding current maturities3,3764,1322,7284,2183,5083,3341,758
Liabilities, other than long-term debt1,129757280958900870687
Deferred revenue and credits707701699592
Asset retirement obligations1441399581653217
Deferred tax liabilities, net1263454056
Due to related parties333434212218 
Other liabilities17016713986678122
Derivative instruments and hedges, liabilities782417     
Other undisclosed noncurrent liabilities   73517685(592)
Total noncurrent liabilities:4,5054,8893,0085,9114,5844,2891,853
Total liabilities:4,8555,1903,8676,1874,9814,5302,016
Stockholders' equity
Stockholders' equity attributable to parent(8)(8)(6)1(3)(6)(3)
Accumulated other comprehensive income (loss)(8)(8)(6)1(3)(6)(3)
Other undisclosed stockholders' equity7,7157,0745,5442,2072,1721,568714
Total stockholders' equity:7,7077,0665,5382,2082,1691,562711
TOTAL LIABILITIES AND EQUITY:12,56212,2569,4058,3957,1506,0922,727

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues917855771807715471301
Revenue, net807715471301
Cost of revenue
(Cost of Goods and Services Sold)
      (2)
Gross profit:917855771807715471299
Operating expenses(664)(622)(328)(500)(425)(256)(139)
Other undisclosed operating income      2
Operating income:253233443307290215162
Nonoperating income (expense)(510)(663)(170)(31)111(114)(93)
Interest and debt expense(4)(22)(248)(199)(147)(117)(93)
Other undisclosed income from continuing operations before equity method investments, income taxes4     93
Income (loss) from continuing operations before equity method investments, income taxes:(257)(452)2577254(16)69
Income (loss) from equity method investments10838414020(2) 
Other undisclosed income (loss) from continuing operations before income taxes(108)(16)207159127119 
Income (loss) from continuing operations before income taxes:(257)(430)27327640110169
Income tax expense (benefit)1926(6)(167)(56)(21)(16)
Net income (loss):(238)(404)2671093458053
Net income (loss) attributable to noncontrolling interest188333(75)(171)(263)(70) 
Other undisclosed net loss attributable to parent(5)(17)(25)(3)   
Net income (loss) available to common stockholders, basic:(55)(88)167(65)821053
Dilutive securities, effect on basic earnings per share  50    
Net income (loss) available to common stockholders, diluted:(55)(88)217(65)821053

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(238)(404)2671093458053
Other comprehensive income (loss)2(4)21712(49)(34)
Other undisclosed comprehensive income  107    
Comprehensive income (loss):(236)(408)3761263573119
Comprehensive income (loss), net of tax, attributable to noncontrolling interest186335(192)(184)(272)(24) 
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)(17)(25)(3)   
Comprehensive income (loss), net of tax, attributable to parent:(55)(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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