NextEra Energy Partners, LP (NEP) Financial Statements
Price: $10.54
Market Cap: $985.85M
Avg Volume: 2.92M
Market Cap: $985.85M
Avg Volume: 2.92M
Country: US
Industry: Renewable Utilities
Sector: Utilities
Industry: Renewable Utilities
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of NextEra Energy Partners, LP.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.21B | $982.00M | $917.00M | $855.00M | $771.00M | $807.00M | $715.00M | $471.00M | $301.00M |
| Cost of Revenue | $520.00M | $571.00M | $419.00M | $363.00M | $336.00M | $257.00M | $253.00M | $202.00M | $99.00M | $56.00M |
| Gross Profit | $558.00M | $640.00M | $563.00M | $554.00M | $519.00M | $514.00M | $554.00M | $513.00M | $372.00M | $245.00M |
| Gross Profit Ratio | 51.80% | 52.85% | 57.30% | 60.41% | 60.70% | 66.67% | 68.65% | 71.75% | 78.98% | 81.40% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $2.00M | $3.00M | $3.00M | $3.00M | $2.00M | $- | $- | $- | $16.00M |
| Other Expenses | $586.00M | $479.00M | $329.00M | $301.00M | $286.00M | $22.00M | $117.00M | $53.00M | $5.00M | $83.00M |
| Operating Expenses | $586.00M | $479.00M | $329.00M | $301.00M | $286.00M | $224.00M | $247.00M | $223.00M | $157.00M | $83.00M |
| Cost and Expenses | $1.11B | $1.05B | $748.00M | $664.00M | $622.00M | $481.00M | $500.00M | $425.00M | $256.00M | $139.00M |
| Interest Income | $- | $853.00M | $47.00M | $620.00M | $702.00M | $- | $- | $- | $- | $- |
| Interest Expense | $394.00M | $853.00M | $47.00M | $620.00M | $702.00M | $248.00M | $199.00M | $140.00M | $117.00M | $93.00M |
| Depreciation and Amortization | $635.00M | $573.00M | $405.00M | $374.00M | $331.00M | $203.00M | $226.00M | $235.00M | $141.00M | $76.00M |
| EBITDA | $772.00M | $545.00M | $998.00M | $342.00M | $235.00M | $663.00M | $685.00M | $830.00M | $396.00M | $242.00M |
| EBITDA Ratio | 71.61% | 45.00% | 65.07% | 80.37% | 70.53% | 74.06% | 86.86% | 78.88% | 76.22% | 79.07% |
| Operating Income | $-28.00M | $125.00M | $234.00M | $363.00M | $233.00M | $443.00M | $307.00M | $290.00M | $215.00M | $162.00M |
| Operating Income Ratio | -2.60% | 10.32% | 23.83% | 39.59% | 27.25% | 57.46% | 38.04% | 40.56% | 45.65% | 53.82% |
| Total Other Income Expenses Net | $-229.00M | $1.09B | $238.00M | $-510.00M | $-663.00M | $-170.00M | $-31.00M | $138.00M | $-69.00M | $-93.00M |
| Income Before Tax | $-257.00M | $1.29B | $472.00M | $-257.00M | $-430.00M | $273.00M | $276.00M | $408.00M | $101.00M | $69.00M |
| Income Before Tax Ratio | -23.84% | 106.69% | 48.07% | -28.03% | -50.29% | 35.41% | 34.20% | 57.06% | 21.44% | 22.92% |
| Income Tax Expense | $-25.00M | $171.00M | $48.00M | $-19.00M | $-26.00M | $6.00M | $167.00M | $51.00M | $21.00M | $16.00M |
| Net Income | $200.00M | $1.12B | $424.00M | $-238.00M | $-404.00M | $192.00M | $-62.00M | $90.00M | $10.00M | $3.00M |
| Net Income Ratio | 18.55% | 92.57% | 43.18% | -25.95% | -47.25% | 24.90% | -7.68% | 12.59% | 2.12% | 1.00% |
| EPS | $2.18 | $13.20 | $5.49 | $-3.48 | $-6.87 | $2.57 | $-1.14 | $2.05 | $0.46 | $0.16 |
| EPS Diluted | $2.18 | $13.20 | $5.48 | $-3.48 | $-6.87 | $2.57 | $-1.14 | $2.05 | $0.46 | $0.16 |
| Weighted Average Shares Outstanding | 91.60M | 84.90M | 77.20M | 68.40M | 58.80M | 74.60M | 54.20M | 43.80M | 22.80M | 18.70M |
| Weighted Average Shares Outstanding Diluted | 91.60M | 84.90M | 77.40M | 68.40M | 58.80M | 74.60M | 54.20M | 43.80M | 22.80M | 18.70M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $274.00M | $235.00M | $147.00M | $108.00M | $128.00M | $147.00M | $154.00M | $147.00M | $161.00M | $97.00M |
| Short Term Investments | $- | $- | $- | $- | $- | $7.00M | $10.00M | $- | $- | $- |
| Cash and Short Term Investments | $274.00M | $235.00M | $147.00M | $108.00M | $128.00M | $147.00M | $154.00M | $147.00M | $161.00M | $97.00M |
| Net Receivables | $1.75B | $117.00M | $1.20B | $266.00M | $269.00M | $148.00M | $173.00M | $89.00M | $82.00M | $41.00M |
| Inventory | $82.00M | $51.00M | $41.00M | $24.00M | $20.00M | $8.00M | $21.00M | $16.00M | $13.00M | $8.00M |
| Other Current Assets | $107.00M | $1.42B | $25.00M | $16.00M | $16.00M | $37.00M | $50.00M | $77.00M | $78.00M | $3.00M |
| Total Current Assets | $2.22B | $1.86B | $1.41B | $414.00M | $433.00M | $340.00M | $398.00M | $355.00M | $342.00M | $372.00M |
| Property Plant Equipment Net | $14.84B | $14.95B | $11.36B | $7.16B | $6.97B | $6.77B | $6.20B | $5.05B | $4.20B | $2.17B |
| Goodwill | $833.00M | $891.00M | $897.00M | $609.00M | $609.00M | $584.00M | $628.00M | $628.00M | $622.00M | $- |
| Intangible Assets | $1.99B | $2.54B | $2.79B | $2.18B | $2.28B | $1.26B | $661.00M | $678.00M | $716.00M | $- |
| Goodwill and Intangible Assets | $2.82B | $3.43B | $3.69B | $2.79B | $2.89B | $1.84B | $1.29B | $1.31B | $1.34B | $-24.00M |
| Long Term Investments | $1.85B | $1.92B | $1.90B | $1.81B | $1.65B | $234.00M | $229.00M | $105.00M | $22.00M | $24.00M |
| Tax Assets | $- | $195.00M | $322.00M | $249.00M | $172.00M | $108.00M | $181.00M | $254.00M | $161.00M | $124.00M |
| Other Non-Current Assets | $785.00M | $702.00M | $272.00M | $131.00M | $137.00M | $108.00M | $101.00M | $81.00M | $49.00M | $63.00M |
| Total Non-Current Assets | $20.30B | $21.19B | $17.54B | $12.15B | $11.82B | $9.06B | $8.00B | $6.80B | $5.77B | $2.36B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-2.00M |
| Total Assets | $22.51B | $23.05B | $18.95B | $12.56B | $12.26B | $9.40B | $8.39B | $7.15B | $6.11B | $2.73B |
| Account Payables | $67.00M | $867.00M | $982.00M | $143.00M | $122.00M | $10.00M | $26.00M | $458.00M | $320.00M | $4.00M |
| Short Term Debt | $1.35B | $38.00M | $33.00M | $12.00M | $12.00M | $707.00M | $99.00M | $78.00M | $113.00M | $78.00M |
| Tax Payables | $43.00M | $31.00M | $25.00M | $22.00M | $21.00M | $19.00M | $- | $- | $- | $- |
| Deferred Revenue | $- | $195.00M | $155.00M | $113.00M | $119.00M | $95.00M | $84.00M | $44.00M | $44.00M | $52.00M |
| Other Current Liabilities | $213.00M | $390.00M | $221.00M | $173.00M | $146.00M | $123.00M | $151.00M | $282.00M | $79.00M | $81.00M |
| Total Current Liabilities | $1.67B | $1.33B | $1.26B | $350.00M | $301.00M | $859.00M | $276.00M | $398.00M | $241.00M | $163.00M |
| Long Term Debt | $4.94B | $5.28B | $5.34B | $3.42B | $4.17B | $2.75B | $4.25B | $3.51B | $3.33B | $1.76B |
| Deferred Revenue Non-Current | $- | $-20.00M | $-6.00M | $-5.00M | $- | $129.00M | $1.54B | $964.00M | $459.00M | $18.00M |
| Deferred Tax Liabilities Non-Current | $- | $20.00M | $6.00M | $5.00M | $- | $12.00M | $63.00M | $45.00M | $40.00M | $56.00M |
| Other Non-Current Liabilities | $1.84B | $1.68B | $1.22B | $1.09B | $716.00M | $244.00M | $1.61B | $1.72B | $1.45B | $39.00M |
| Total Non-Current Liabilities | $6.78B | $6.94B | $6.53B | $4.50B | $4.89B | $3.01B | $5.91B | $4.58B | $4.29B | $1.85B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-2.00M |
| Total Liabilities | $8.45B | $8.27B | $7.79B | $4.86B | $5.19B | $3.87B | $6.19B | $4.98B | $4.53B | $2.02B |
| Preferred Stock | $- | $- | $- | $- | $183.00M | $548.00M | $548.00M | $- | $- | $- |
| Common Stock | $3.58B | $3.33B | $2.98B | $2.36B | $2.01B | $1.80B | $1.64B | $1.75B | $935.00M | $551.00M |
| Retained Earnings | $- | $- | $- | $- | $-4.20B | $-2.36B | $-3.83B | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-7.00M | $-7.00M | $-8.00M | $-8.00M | $-8.00M | $-6.00M | $1.00M | $-3.00M | $-6.00M | $-3.00M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $18.00M | $- | $- | $714.00M |
| Total Stockholders Equity | $3.57B | $-7.00M | $-8.00M | $-8.00M | $-8.00M | $-6.00M | $1.00M | $-3.00M | $-6.00M | $711.00M |
| Total Equity | $14.06B | $11.46B | $8.17B | $5.34B | $4.88B | $3.19B | $21.00M | $426.00M | $647.00M | $871.00M |
| Total Liabilities and Stockholders Equity | $22.51B | $19.72B | $15.96B | $10.20B | $10.06B | $7.05B | $6.21B | $5.40B | $5.18B | $2.73B |
| Minority Interest | $10.49B | $11.46B | $8.18B | $5.35B | $4.88B | $3.19B | $20.00M | $429.00M | $653.00M | $160.00M |
| Total Liabilities and Total Equity | $22.51B | $19.72B | $15.96B | $10.20B | $10.06B | $7.05B | $6.21B | $5.40B | $5.18B | $2.73B |
| Total Investments | $1.85B | $1.92B | $1.90B | $1.81B | $1.65B | $234.00M | $229.00M | $105.00M | $22.00M | $24.00M |
| Total Debt | $6.29B | $5.29B | $5.33B | $3.39B | $4.14B | $3.44B | $4.32B | $3.59B | $3.45B | $1.84B |
| Net Debt | $6.01B | $5.05B | $5.18B | $3.28B | $4.02B | $3.29B | $4.16B | $3.44B | $3.29B | $1.74B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-250.00M | $1.12B | $424.00M | $-238.00M | $-404.00M | $267.00M | $109.00M | $357.00M | $80.00M | $53.00M |
| Depreciation and Amortization | $635.00M | $573.00M | $405.00M | $374.00M | $331.00M | $203.00M | $226.00M | $205.00M | $141.00M | $76.00M |
| Deferred Income Tax | $34.00M | $171.00M | $46.00M | $-26.00M | $-26.00M | $23.00M | $162.00M | $50.00M | $15.00M | $12.00M |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-113.00M | $18.00M | $-25.00M | $1.00M | $-24.00M | $-27.00M | $17.00M | $-18.00M | $17.00M | $21.00M |
| Accounts Receivables | $- | $- | $- | $- | $- | $-21.00M | $1.00M | $-11.00M | $2.00M | $-6.00M |
| Inventory | $- | $- | $- | $- | $- | $-7.00M | $24.00M | $-4.00M | $19.00M | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $2.00M | $6.00M | $-7.00M | $-6.00M | $5.00M |
| Other Working Capital | $-113.00M | $18.00M | $-25.00M | $1.00M | $-24.00M | $-1.00M | $-14.00M | $4.00M | $2.00M | $1.00M |
| Other Non Cash Items | $425.00M | $-1.11B | $16.00M | $15.00M | $12.00M | $-9.00M | $-108.00M | $-220.00M | $-3.00M | $9.00M |
| Net Cash Provided by Operating Activities | $731.00M | $776.00M | $677.00M | $665.00M | $346.00M | $362.00M | $413.00M | $320.00M | $240.00M | $171.00M |
| Investments in Property Plant and Equipment | $-1.27B | $-190.00M | $-113.00M | $-334.00M | $-93.00M | $-25.00M | $-349.00M | $-271.00M | $-125.00M | $-129.00M |
| Acquisitions Net | $1.22B | $-785.00M | $-2.35B | $-378.00M | $-2.32B | $-766.00M | $-1.07B | $-869.00M | $-1.88B | $-288.00M |
| Purchases of Investments | $- | $- | $-75.00M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $75.00M | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-149.00M | $-219.00M | $164.00M | $31.00M | $66.00M | $28.00M | $55.00M | $-8.00M | $218.00M | $126.00M |
| Net Cash Used for Investing Activities | $-194.00M | $-1.19B | $-2.30B | $-681.00M | $-2.35B | $-763.00M | $-1.37B | $-1.15B | $-1.79B | $-291.00M |
| Debt Repayment | $839.00M | $-57.00M | $1.72B | $-474.00M | $588.00M | $-233.00M | $695.00M | $119.00M | $1.09B | $-355.00M |
| Common Stock Issued | $315.00M | $147.00M | $50.00M | $2.00M | $2.00M | $86.00M | $548.00M | $645.00M | $343.00M | $438.00M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-741.00M | $-636.00M | $-619.00M | $-449.00M | $-383.00M | $-303.00M | $-307.00M | $-682.00M | $-491.00M | $-252.00M |
| Other Financing Activities | $-940.00M | $1.10B | $511.00M | $917.00M | $1.76B | $821.00M | $23.00M | $1.22B | $1.30B | $1.52B |
| Net Cash Used Provided by Financing Activities | $-527.00M | $551.00M | $1.66B | $-4.00M | $1.97B | $371.00M | $959.00M | $1.30B | $1.61B | $192.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $-2.00M | $3.00M | $4.00M | $-7.00M | $-2.00M |
| Net Change in Cash | $10.00M | $133.00M | $39.00M | $-20.00M | $-34.00M | $-32.00M | $7.00M | $-17.00M | $55.00M | $70.00M |
| Cash at End of Period | $294.00M | $284.00M | $151.00M | $112.00M | $132.00M | $166.00M | $198.00M | $147.00M | $161.00M | $97.00M |
| Cash at Beginning of Period | $284.00M | $151.00M | $112.00M | $132.00M | $166.00M | $198.00M | $191.00M | $164.00M | $106.00M | $27.00M |
| Operating Cash Flow | $731.00M | $776.00M | $677.00M | $665.00M | $346.00M | $362.00M | $413.00M | $320.00M | $240.00M | $171.00M |
| Capital Expenditure | $-1.27B | $-190.00M | $-113.00M | $-334.00M | $-93.00M | $-25.00M | $-349.00M | $-271.00M | $-125.00M | $-129.00M |
| Free Cash Flow | $-538.00M | $586.00M | $564.00M | $331.00M | $253.00M | $337.00M | $64.00M | $49.00M | $115.00M | $42.00M |