2020 Form 10-K Financial Statement

#000160314521000008 Filed on February 16, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $917.0M $206.0M $855.0M
YoY Change 7.25% 32.9% 10.89%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $393.0M $96.00M $363.0M
YoY Change 8.26% 37.14% 30.58%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $247.0M $93.00M $236.0M
YoY Change 4.66% 82.35% 18.59%
% of Gross Profit
Operating Expenses $664.0M $163.0M $622.0M
YoY Change 6.75% 34.71% 29.31%
Operating Profit $253.0M $43.00M $233.0M
YoY Change 8.58% 38.71% -47.4%
Interest Expense $620.0M $201.0M $702.0M
YoY Change -11.68% -219.64% 183.06%
% of Operating Profit 245.06% 467.44% 301.29%
Other Income/Expense, Net -$510.0M $2.000M -$663.0M
YoY Change -23.08% -75.0% 290.0%
Pretax Income -$257.0M $93.00M -$430.0M
YoY Change -40.23% -174.4% -257.51%
Income Tax -$19.00M $9.000M -$26.00M
% Of Pretax Income 9.68%
Net Earnings -$55.00M $34.00M -$88.00M
YoY Change -37.5% -254.55% -152.69%
Net Earnings / Revenue -6.0% 16.5% -10.29%
Basic Earnings Per Share -$0.81 $0.53 -$1.51
Diluted Earnings Per Share -$0.81 $0.50 -$1.51
COMMON SHARES
Basic Shares Outstanding 68.40M shares 58.80M shares
Diluted Shares Outstanding 68.40M shares 58.80M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.0M $128.0M $128.0M
YoY Change -15.63% -12.93% -12.93%
Cash & Equivalents $108.0M $128.0M $128.0M
Short-Term Investments
Other Short-Term Assets $16.00M $16.00M $36.00M
YoY Change -55.56% -64.44% -20.0%
Inventory $24.00M $20.00M
Prepaid Expenses
Receivables $83.00M $79.00M $79.00M
Other Receivables $183.0M $173.0M $190.0M
Total Short-Term Assets $414.0M $433.0M $433.0M
YoY Change -4.39% 27.35% 27.35%
LONG-TERM ASSETS
Property, Plant & Equipment $7.163B $6.970B $6.970B
YoY Change 2.77% 2.95% 2.95%
Goodwill $609.0M
YoY Change 4.28%
Intangibles
YoY Change
Long-Term Investments $1.814B $1.653B $1.653B
YoY Change 9.74% 672.43% 606.41%
Other Assets $380.0M $137.0M $309.0M
YoY Change 22.98% 7.03% 43.06%
Total Long-Term Assets $12.15B $11.82B $11.82B
YoY Change 2.75% 30.42% 30.42%
TOTAL ASSETS
Total Short-Term Assets $414.0M $433.0M $433.0M
Total Long-Term Assets $12.15B $11.82B $11.82B
Total Assets $12.56B $12.26B $12.26B
YoY Change 2.5% 30.31% 30.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $143.0M $122.0M $122.0M
YoY Change 17.21% 1120.0% 1120.0%
Accrued Expenses $47.00M $61.00M $61.00M
YoY Change -22.95% 22.0% 22.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00M $12.00M $12.00M
YoY Change 0.0% -98.3% -98.3%
Total Short-Term Liabilities $350.0M $301.0M $301.0M
YoY Change 16.28% -64.96% -64.96%
LONG-TERM LIABILITIES
Long-Term Debt $3.376B $4.132B $4.132B
YoY Change -18.3% 51.47% 51.47%
Other Long-Term Liabilities $1.129B $167.0M $757.0M
YoY Change 49.14% 255.32% 182.46%
Total Long-Term Liabilities $4.505B $4.889B $4.889B
YoY Change -7.85% 62.53% 63.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $350.0M $301.0M $301.0M
Total Long-Term Liabilities $4.505B $4.889B $4.889B
Total Liabilities $10.21B $5.190B $10.07B
YoY Change 1.34% 34.21% 42.7%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.354B $2.183B $2.183B
YoY Change
Total Liabilities & Shareholders Equity $12.56B $12.26B $12.26B
YoY Change 2.5% 30.31% 30.31%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$55.00M $34.00M -$88.00M
YoY Change -37.5% -254.55% -152.69%
Depreciation, Depletion And Amortization $247.0M $93.00M $236.0M
YoY Change 4.66% 82.35% 18.59%
Cash From Operating Activities $665.0M $94.00M $346.0M
YoY Change 92.2% 1.08% -4.42%
INVESTING ACTIVITIES
Capital Expenditures $334.0M -$54.00M $93.00M
YoY Change 259.14% 260.0% 272.0%
Acquisitions
YoY Change
Other Investing Activities -$21.00M -$776.0M -$12.00M
YoY Change 75.0% 45.05% 200.0%
Cash From Investing Activities -$681.0M -$830.0M -$2.349B
YoY Change -71.01% 50.91% 207.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.000M 658.0M $1.969B
YoY Change -100.2% 28.27% 430.73%
NET CHANGE
Cash From Operating Activities $665.0M 94.00M $346.0M
Cash From Investing Activities -$681.0M -830.0M -$2.349B
Cash From Financing Activities -$4.000M 658.0M $1.969B
Net Change In Cash -$20.00M -78.00M -$34.00M
YoY Change -41.18% -239.29% 6.25%
FREE CASH FLOW
Cash From Operating Activities $665.0M $94.00M $346.0M
Capital Expenditures $334.0M -$54.00M $93.00M
Free Cash Flow $331.0M $148.0M $253.0M
YoY Change 30.83% 37.04% -24.93%

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36000000 USD
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23000000 USD
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360000000 USD
CY2020 nep Adjustments To Additional Paid In Capital Capped Call Settlement
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CY2020 nep Adjustmentsto Additional Paidin Capital Capped Call Transaction
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RelatedPartyContributions
7000000 USD
CY2020 nep Related Party Distributions
RelatedPartyDistributions
290000000 USD
CY2020 nep Noncontrolling Interest Increase Decreasein Changein Equity Method Investees
NoncontrollingInterestIncreaseDecreaseinChangeinEquityMethodInvestees
-12000000 USD
CY2020 nep Noncontrolling Interest Sale Of Differential Membership Investment
NoncontrollingInterestSaleOfDifferentialMembershipInvestment
176000000 USD
CY2020 nep Noncontrolling Interest Increase Decrease In Other Activity
NoncontrollingInterestIncreaseDecreaseInOtherActivity
64000000 USD
CY2020 nep Noncontrolling Interest Increase From Sale Of Noncontrolling Interest In Subsidiary
NoncontrollingInterestIncreaseFromSaleOfNoncontrollingInterestInSubsidiary
746000000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
45000000 USD
CY2020 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
159000000 USD
CY2020 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
57000000 USD
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
-1000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7707000000 USD
CY2020 nep Numberof Natural Gas Pipelines Acquired
NumberofNaturalGasPipelinesAcquired
7 pipeline
CY2020Q4 nep Numberof Equity Investments
NumberofEquityInvestments
23 electric_generation_facility
CY2020Q4 nep Number Of Solar Projects
NumberOfSolarProjects
1 project
CY2020Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
703000000 USD
CY2020Q4 nep Convertible Investment Tax Credits Included In Other Receivables
ConvertibleInvestmentTaxCreditsIncludedInOtherReceivables
124000000 USD
CY2020Q4 nep Convertible Investment Tax Credit Accounts Payable And Accrued Expenses
ConvertibleInvestmentTaxCreditAccountsPayableAndAccruedExpenses
100000000 USD
CY2020Q4 nep Convertible Investment Tax Credit Other Current Liabilities
ConvertibleInvestmentTaxCreditOtherCurrentLiabilities
12000000 USD
CY2020Q4 nep Convertible Investment Tax Credit Due To Related Parties Current
ConvertibleInvestmentTaxCreditDueToRelatedPartiesCurrent
12000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3000000 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk </span><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">- Financial instruments which potentially subject NEP to concentrations of credit risk consist primarily of accounts receivable and derivative instruments. Accounts receivable are comprised primarily of amounts due from various non-affiliated parties who are counterparties to the PPAs or natural gas transportation agreements. The majority of NEP's counterparties are in the energy industry, and this concentration may impact the overall exposure to credit risk, either positively or negatively, in that the counterparties may be similarly affected by changes in economic, industry or other conditions. If any of these customers’ receivable balances should be deemed uncollectible, it could have a material adverse effect on NEP’s consolidated results of operations and financial condition. Substantially all amounts due from such counterparties at </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">December 31, 2020</span><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> have been collected.</span>
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2018Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Derivatives Methods Of Accounting Hedge Effectiveness
DerivativesMethodsOfAccountingHedgeEffectiveness
<span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Derivative Instruments and Hedging Activities </span><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">- Derivative instruments, when required to be marked to market, are recorded on NEP’s consolidated balance sheets as either an asset or a liability measured at fair value. See Note 5.</span>
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10000000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
42000000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
12000000 USD
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4000000 USD
CY2019 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
22000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6000000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4000000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
13000000 USD
CY2020Q3 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
600000000 USD
CY2020Q3 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
64000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-257000000 USD
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
20000000 USD
CY2020Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
782000000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
802000000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
418000000 USD
CY2020Q4 nep Derivative Instrumentswith Contingent Features Liabilitiesat Fair Value
DerivativeInstrumentswithContingentFeaturesLiabilitiesatFairValue
769000000 USD
CY2019Q4 nep Derivative Instrumentswith Contingent Features Liabilitiesat Fair Value
DerivativeInstrumentswithContingentFeaturesLiabilitiesatFairValue
420000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-257000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-430000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
62000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
211000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-430000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
273000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-21000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-20000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
47000000 USD
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-16000000 USD
CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-20000000 USD
CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
51000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-21000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
33000000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-3000000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-6000000 USD
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
12000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-57000000 USD
CY2020 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
0 USD
CY2019 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
0 USD
CY2018 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-57000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-26000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-54000000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-90000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
57000000 USD
CY2020 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-41000000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-70000000 USD
CY2018 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
17000000 USD
CY2020 nep Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate Differential Membership Interests Amount
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRateDifferentialMembershipInterestsAmount
0 USD
CY2019 nep Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate Differential Membership Interests Amount
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRateDifferentialMembershipInterestsAmount
0 USD
CY2018 nep Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate Differential Membership Interests Amount
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRateDifferentialMembershipInterestsAmount
17000000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3000000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-5000000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
3000000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2000000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1000000 USD
CY2020 nep Effective Income Tax Rate Reconciliation Effectof Flow Through Entityand Foreign Income Tax Rate Differential Amount
EffectiveIncomeTaxRateReconciliationEffectofFlowThroughEntityandForeignIncomeTaxRateDifferentialAmount
0 USD
CY2019 nep Effective Income Tax Rate Reconciliation Effectof Flow Through Entityand Foreign Income Tax Rate Differential Amount
EffectiveIncomeTaxRateReconciliationEffectofFlowThroughEntityandForeignIncomeTaxRateDifferentialAmount
0 USD
CY2018 nep Effective Income Tax Rate Reconciliation Effectof Flow Through Entityand Foreign Income Tax Rate Differential Amount
EffectiveIncomeTaxRateReconciliationEffectofFlowThroughEntityandForeignIncomeTaxRateDifferentialAmount
3000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
0 USD
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
0 USD
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
3000000 USD
CY2020 nep Effective Income Tax Rate Reconciliation Other Reconciling Items Foreign Tax Restructuring Amount
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsForeignTaxRestructuringAmount
0 USD
CY2019 nep Effective Income Tax Rate Reconciliation Other Reconciling Items Foreign Tax Restructuring Amount
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsForeignTaxRestructuringAmount
0 USD
CY2018 nep Effective Income Tax Rate Reconciliation Other Reconciling Items Foreign Tax Restructuring Amount
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsForeignTaxRestructuringAmount
-67000000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-26000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.07
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.06
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02
CY2020Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
20000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
98000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
20000000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
98000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
255000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
256000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
10000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
6000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
3000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
264000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
260000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
244000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
162000000 USD
CY2020Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
6000000 USD
CY2019Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
17000000 USD
CY2020Q4 nep Deferred Tax Assets Net Of Valuation Allowance Noncurrent
DeferredTaxAssetsNetOfValuationAllowanceNoncurrent
249000000 USD
CY2019Q4 nep Deferred Tax Assets Net Of Valuation Allowance Noncurrent
DeferredTaxAssetsNetOfValuationAllowanceNoncurrent
172000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
10000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
244000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
162000000 USD
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
255000000 USD
CY2020Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
10000000 USD
CY2020Q4 nep Deferred Tax Liability State Taxes
DeferredTaxLiabilityStateTaxes
3000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8606000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8170000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1443000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1200000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7163000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6970000000 USD
CY2020 us-gaap Depreciation
Depreciation
247000000 USD
CY2019 us-gaap Depreciation
Depreciation
236000000 USD
CY2018 us-gaap Depreciation
Depreciation
199000000 USD
CY2020Q4 nep Assets Servingas Collateral
AssetsServingasCollateral
3600000000 USD
CY2020Q4 nep Variable Interest Entity Consolidated Numberof Vi Es
VariableInterestEntityConsolidatedNumberofVIEs
13 variable_interest_entity
CY2020Q4 nep Numberof Equity Investments
NumberofEquityInvestments
23 electric_generation_facility
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
43000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
43000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
41000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0453
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0452
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P25Y
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
2000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
6000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
7000000 USD
CY2018 us-gaap Variable Lease Cost
VariableLeaseCost
5000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
53000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
50000000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
55000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3388000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
4144000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3376000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4132000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
12000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
14000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
220000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
766000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
616000000 USD
CY2020 nep Proceeds From Capped Call Of Convertible Debt
ProceedsFromCappedCallOfConvertibleDebt
30000000 USD
CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
600000000 USD
CY2020Q4 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
64000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-55000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-88000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
167000000 USD
CY2020 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2019 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2018 us-gaap Dilutive Securities
DilutiveSecurities
50000000 USD
CY2020 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-55000000 USD
CY2019 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-88000000 USD
CY2018 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
217000000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68400000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58800000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54900000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19700000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68400000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58800000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74600000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.51
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.05
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.51
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.91
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7500000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17000000.0 shares
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
369000000 USD
CY2020Q4 us-gaap Other Commitment
OtherCommitment
55000000 USD

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0001603145-21-000008.txt Edgar Link pending
0001603145-21-000008-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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nep-20201231.htm Edgar Link pending
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