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NEP Financial Statements and Analysis

NYSE : NEP

NextEra Energy Partners, LP

$10.54
0.1+0.96%
At Close 4:00 PM
$10.47
-0.07-0.66%
After-Market 07:16 PM
73.34
B+ESG ScoreESG Rating

NEP FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

NEP Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue319.00M346.00M257.00M232.00M367.00M
cost of revenue128.00M277.00M259.00M267.00M128.00M
gross profit191.00M69.00M-2.00M-35.00M239.00M
gross profit ratio0.5990.199-0.008-0.1510.651
research and development expenses00000
general and administrative expenses00000
selling and marketing expenses00000
selling general and administrative expenses00000
other expenses142.00M-17.00M-19.00M-18.00M2.00M
operating expenses142.00M17.00M19.00M18.00M166.00M
cost and expenses284.00M294.00M278.00M285.00M294.00M
interest income000-242.00M17.00M
interest expense165.00M54.00M13.00M200.00M17.00M
depreciation and amortization159.00M158.00M157.00M158.00M166.00M
ebitda183.00M224.00M136.00M105.00M239.00M
ebitda ratio0.5740.6070.5290.4530.651
operating income49.00M52.00M-21.00M-53.00M73.00M
operating income ratio0.1540.15-0.082-0.2280.199
total other income expenses net-102.00M13.00M43.00M-185.00M73.00M
income before tax-53.00M79.00M22.00M-238.00M163.00M
income before tax ratio-0.1660.2280.086-1.0260.444
income tax expense30.00M21.00M-13.00M-33.00M31.00M
net income-40.00M62.00M70.00M112.00M53.00M
net income ratio-0.1250.1790.2720.4830.144
eps-0.430.660.751.200.57
eps diluted-0.430.660.751.200.57
weighted average shs out93.50M93.50M93.50M93.40M93.40M
weighted average shs out dil93.50M93.50M93.50M93.40M93.40M
Graph

NEP Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents290.00M321.00M301.00M274.00M332.00M
short term investments00000
cash and short term investments290.00M321.00M301.00M274.00M332.00M
net receivables315.00M969.00M1.709B1.753B534.00M
inventory102.00M93.00M88.00M82.00M78.00M
other current assets145.00M157.00M141.00M107.00M96.00M
total current assets852.00M1.50B2.183B2.216B1.122B
property plant equipment net14.614B14.643B14.732B14.837B15.693B
goodwill828.00M833.00M833.00M833.00M913.00M
intangible assets1.86B1.902B1.945B1.987B2.543B
goodwill and intangible assets2.688B2.735B2.778B2.82B3.456B
long term investments1.856B2.017B2.002B1.853B2.038B
tax assets026.00M26.00M34.00M232.00M
other non current assets894.00M783.00M615.00M751.00M672.00M
total non current assets20.052B20.204B20.153B20.295B22.091B
other assets00000
total assets20.904B21.704B22.336B22.511B23.213B
account payables71.00M59.00M72.00M159.00M280.00M
short term debt100.00M850.00M1.349B1.348B1.342B
tax payables36.00M28.00M22.00M43.00M45.00M
deferred revenue0000145.00M
other current liabilities215.00M213.00M161.00M164.00M73.00M
total current liabilities422.00M1.15B1.604B1.671B1.84B
long term debt5.074B4.924B4.942B4.941B5.139B
deferred revenue non current000-22.00M0
deferred tax liabilities non current00022.00M0
other non current liabilities1.804B1.765B1.812B1.842B1.824B
total non current liabilities6.878B6.689B6.754B6.783B6.963B
other liabilities00000
capital lease obligations00031.00M0
total liabilities7.30B7.839B8.358B8.454B8.803B
preferred stock00000
common stock3.419B3.547B3.564B3.576B3.54B
retained earnings00000
accumulated other comprehensive income loss-6.00M-7.00M-7.00M-7.00M-7.00M
other total stockholders equity000010.877B
total stockholders equity3.413B3.54B3.557B3.569B14.41B
total equity13.604B13.865B13.978B14.057B25.287B
total liabilities and stockholders equity20.904B21.704B22.336B22.511B23.213B
minority interest10.191B10.325B10.421B10.488B10.877B
total investments1.856B2.017B2.002B1.853B2.038B
total debt5.174B5.774B6.291B6.289B6.481B
net debt4.884B5.453B5.99B6.015B6.149B
Graph

NEP Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax35.00M30.00M11.00M18.00M32.00M
stock based compensation000-316.00M-115.00M
change in working capital16.00M12.00M-89.00M26.00M40.00M
accounts receivables00000
inventory00000
accounts payables00000
other working capital16.00M12.00M-89.00M26.00M40.00M
other non cash items81.00M285.00M243.00M534.00M1.00M
net cash provided by operating activities208.00M231.00M78.00M179.00M256.00M
investments in property plant and equipment-56.00M-69.00M-64.00M-205.00M-85.00M
acquisitions net220.00M-202.00M-18.00M2.669B-233.00M
purchases of investments00000
sales maturities of investments00000
other investing activites596.00M775.00M106.00M-2.323B184.00M
net cash used for investing activites596.00M504.00M24.00M141.00M-134.00M
debt repayment-602.00M-523.00M-3.00M-206.00M-329.00M
common stock issued-3.00M03.00M00
common stock repurchased00000
dividends paid-222.00M-186.00M-188.00M-187.00M-206.00M
other financing activites45.00M-6.00M93.00M-14.00M166.00M
net cash used provided by financing activities-779.00M-715.00M-95.00M-407.00M-369.00M
effect of forex changes on cash000-294.00M525.00M
net change in cash25.00M20.00M7.00M-107.00M-247.00M
cash at end of period346.00M321.00M301.00M274.00M381.00M
cash at beginning of period321.00M301.00M294.00M381.00M628.00M
operating cashflow208.00M231.00M78.00M179.00M256.00M
capital expenditure-56.00M-69.00M-64.00M-205.00M-85.00M
free cash flow152.00M162.00M14.00M-26.00M171.00M
Graph

Frequently Asked Questions

How did NextEra Energy Partners, LP do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, NEP generated $319.00M in revenue last quarter, while its costs came in at $128.00M.

Last quarter, how much Gross Profit did NextEra Energy Partners, LP report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. NextEra Energy Partners, LP reported a $191.00M Gross Profit for the quarter ended Sep 30, 2024.

Have NEP's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. NEP incurred $142.00M worth of Operating Expenses, while it generated $49.00M worth of Operating Income.

How much Net Income has NEP posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from NextEra Energy Partners, LP, the company generated -$40.00M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did NextEra Energy Partners, LP have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to NextEra Energy Partners, LP as of the end of the last quarter was $290.00M.

What are NEP's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, NEP had Total Net Receivables of $315.00M.

In terms of Total Assets and Current Assets, where did NextEra Energy Partners, LP stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of NEP were $852.00M, while the Total Assets stand at $20.90B.

As of the last quarter, how much Total Debt did NextEra Energy Partners, LP have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of NEP's debt was $5.17B at the end of the last quarter.

What were NEP's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, NEP reported total liabilities of $7.30B.

How much did NEP's Working Capital change over the last quarter?

Working Capital Change for NEP was $16.00M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

NEP generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. NEP generated $208.00M of Cash from Operating Activities during its recently reported quarter.

What was NEP's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. NEP reported a $25.00M Net Change in Cash in the most recent quarter.

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