Segment Information

3 Months Ended

Mar. 31, 2013

11. Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business. NEER's segment information includes an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and allocated shared service costs. Corporate and Other represents other business activities, other segments that are not separately reportable and eliminating entries. NEE's segment information is as follows:



	Three Months Ended March 31,
	2013										2012
	FPL		NEER^(a)				Corporate and Other		NEE Consoli- dated		FPL		NEER^(a)			Corporate and Other		NEE Consoli- dated
									(millions)
Operating revenues	$	2,188	$	1,016			$	75	$	3,279	$	2,224	$	1,090		$	57	$	3,371
Operating expenses	$	1,645	$	1,149		^(b)	$	51	$	2,845	$	1,743	$	779	^(c)	$	46	$	2,568
Income (loss) from continuing operations	$	288	$	(215	)	^(d)	$	11	$	84	$	239	$	221	^(d)	$	1	$	461
Net gain from discontinued operations, net of income taxes^(e)	$	—	$	175			$	13	$	188	$	—	$	—		$	—	$	—
Net income (loss)	$	288	$	(40	)	^(d)	$	24	$	272	$	239	$	221	^(d)	$	1	$	461



	March 31, 2013								December 31, 2012
	FPL		NEER		Corporate and Other		NEE Consoli- dated		FPL		NEER			Corporate and Other		NEE Consoli- dated
							(millions)
Total assets	$	35,454	$	26,394	$	1,995	$	63,843	$	34,853	$	27,139	^(f)	$	2,447	$	64,439

————————————


(a)	Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt. For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt. Residual non-utility interest expense is included in Corporate and Other.


(b)	Includes an impairment charge on NEER's Spain solar projects of $300 million. See Note 3 - Nonrecurring Fair Value Measurements.


(c)	Amount is restated to conform to current year's presentation.


(d)	Includes NEER's tax benefits related to PTCs and in 2013 also includes after-tax charges of $342 million associated with the impairment of the Spain solar projects. See Note 3 - Nonrecurring Fair Value Measurements and Note 5.


(e)	See Note 6.


(f)	Includes assets held for sale of approximately $335 million.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

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