NextEra Energy Partners, LP (NEP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments147108128147154147161
Cash and cash equivalents147108128147154147161
Restricted cash and investments   8253316
Receivables1,197266269148173147142
Inventory, net of allowances, customer advances and progress billings4124    13
Inventory4124    13
Prepaid expense      6
Other current assets25163637462817
Other undisclosed current assets      (13)
Total current assets:1,410414433340398355342
Noncurrent Assets
Finance lease, right-of-use asset48  
Operating lease, right-of-use asset444243
Property, plant and equipment11,4177,1636,9706,7706,1975,0514,197
Long-term investments and receivables1,8961,8141,6532142189322
Long-term investments1,8961,8141,6532142189322
Intangible assets, net (including goodwill)8916096095841,2891,3061,318
Goodwill891609609584628628622
Intangible assets, net (excluding goodwill)    661678696
Restricted cash and investments  119   
Deferred income tax assets322249 
Other noncurrent assets2721311371081017849
Deferred tax assets, net108181255161
Other undisclosed noncurrent assets2,6762,1402,4001,27211123
Total noncurrent assets:17,56612,14811,8239,0657,9976,7955,750
TOTAL ASSETS:18,97612,56212,2569,4058,3957,1506,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:98214312210261935
Taxes payable25222119   
Interest and dividends payable26254031392528
Other undisclosed accounts payable and accrued liabilities9319661(40)(13)(6)7
Debt3312127079978113
Derivative instruments and hedges, liabilities2620  111822
Due to related parties104665845451916
Business combination, contingent consideration, liability     199 
Other liabilities65624847563927
Other undisclosed current liabilities51476150392528
Total current liabilities:1,261350301859276397241
Noncurrent Liabilities
Long-term debt and lease obligation5,2943,3764,1322,7284,2183,5083,334
Long-term debt, excluding current maturities5,2943,3764,1322,7284,2183,5083,334
Liabilities, other than long-term debt1,2621,129757280958900870
Deferred revenue and credits707701699
Asset retirement obligations24314413995816532
Deferred tax liabilities, net12634540
Due to related parties41333434212218
Other liabilities383170167139866781
Derivative instruments and hedges, liabilities595782417    
Other undisclosed noncurrent liabilities    73517685
Total noncurrent liabilities:6,5564,5054,8893,0085,9114,5844,289
Total liabilities:7,8174,8555,1903,8676,1874,9814,530
Temporary equity, carrying amount321      
Stockholders' equity
Stockholders' equity attributable to parent(8)(8)(8)(6)1(3)(6)
Accumulated other comprehensive income (loss)(8)(8)(8)(6)1(3)(6)
Other undisclosed stockholders' equity10,8467,7157,0745,5442,2072,1721,568
Total stockholders' equity:10,8387,7077,0665,5382,2082,1691,562
TOTAL LIABILITIES AND EQUITY:18,97612,56212,2569,4058,3957,1506,092

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues982917855771807715471
Revenue, net807715471
Cost of revenue
(Cost of Goods and Services Sold)
(17)      
Gross profit:965917855771807715471
Operating expenses(748)(664)(622)(328)(500)(425)(256)
Other undisclosed operating income17      
Operating income:234253233443307290215
Nonoperating income (expense)238(510)(663)(170)(31)111(114)
Interest and debt expense (4)(22)(248)(199)(147)(117)
Other undisclosed income from continuing operations before equity method investments, income taxes 4     
Income (loss) from continuing operations before equity method investments, income taxes:472(257)(452)2577254(16)
Income (loss) from equity method investments 10838414020(2)
Other undisclosed income (loss) from continuing operations before income taxes (108)(16)207159127119
Income (loss) from continuing operations before income taxes:472(257)(430)273276401101
Income tax expense (benefit)(48)1926(6)(167)(56)(21)
Net income (loss):424(238)(404)26710934580
Net income (loss) attributable to noncontrolling interest(287)188333(75)(171)(263)(70)
Other undisclosed net loss attributable to parent (5)(17)(25)(3)  
Net income (loss) available to common stockholders, basic:137(55)(88)167(65)8210
Dilutive securities, effect on basic earnings per share   50   
Net income (loss) available to common stockholders, diluted:137(55)(88)217(65)8210

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):424(238)(404)26710934580
Other comprehensive income (loss)22(4)21712(49)
Other undisclosed comprehensive income   107   
Comprehensive income (loss):426(236)(408)37612635731
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(290)186335(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:136(55)(90)159(61)857

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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