NextEra Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Provides Earnings Guidance for the Full Year of 2012
January 27, 2012 at 07:35 am
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NextEra Energy, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported operating revenues of $3,864 million, operating income of $1,132 million, income before income taxes of $923 million, net income of $667 million or $1.59 per diluted share and adjusted earnings of $395 million or $0.93 per diluted share compared to operating revenues of $3,413 million, operating income of $469 million, income before income taxes of $264 million, net income of $263 million or $0.63 per diluted share and adjusted earnings of $332 million or $0.80 per diluted share a year ago.
For the year, the company reported operating revenues of $15,341 million, operating income of $3,378 million, income before income taxes of $2,452 million, net income of $1,923 million or $4.59 per diluted share and adjusted earnings of $1,837 million or $4.39 per diluted share compared to operating revenues of $15,317 million, operating income of $3,243 million, income before income taxes of $2,489 million, net income of $1,957 million or $4.74 per diluted share and adjusted earnings of $1,778 million or $4.30 per diluted share a year ago. Net cash provided by operating activities was $4,074 million compared to $3,834 million a year ago. Capital expenditure was $3,137 million and other capital expenditure was $352 million compared to capital expenditure of $2,605 million and other capital expenditure of $68 million a year ago.
For 2012, the company currently expects full-year adjusted earnings per share to be in the range of $4.35 to
$4.65. It also continues to expect that adjusted earnings per share will grow at an overall average rate of 5% to 7% through 2014, from a 2011 base, which equates to a 2014 adjusted earnings per share range of $5.05 to $5.65.
NextEra Energy, Inc. specializes in electricity production, transmission, and distribution. Net sales break down by activity as follows:
- generation, transmission, distribution and sale of electricity (65.3%): to residential, commercial and industrial customers. At the end of 2023, the Group has a generating capacity of approximately 32,276 MW, a network of 144,841 km of power lines and 883 substations;
- production, transmission and distribution of renewable energies (34.4%): with a production capacity of 37,700 MW, a network of 5 769.5 km of transmission lines and approximately 330 substations;
- other (0.3%).
NextEra Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Provides Earnings Guidance for the Full Year of 2012