2021 Form 10-K Financial Statement

#000160314522000012 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $982.0M $212.0M $917.0M
YoY Change 7.09% 2.91% 7.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $448.0M $95.00M $393.0M
YoY Change 13.99% -1.04% 8.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $263.0M $97.00M $247.0M
YoY Change 6.48% 4.3% 4.66%
% of Gross Profit
Operating Expenses $748.0M $166.0M $664.0M
YoY Change 12.65% 1.84% 6.75%
Operating Profit $234.0M $253.0M
YoY Change -7.51% 8.58%
Interest Expense $47.00M $198.0M $620.0M
YoY Change -92.42% -1.49% -11.68%
% of Operating Profit 20.09% 245.06%
Other Income/Expense, Net $238.0M $1.000M -$510.0M
YoY Change -146.67% -50.0% -23.08%
Pretax Income $472.0M $178.0M -$257.0M
YoY Change -283.66% 91.4% -40.23%
Income Tax $48.00M $18.00M -$19.00M
% Of Pretax Income 10.17% 10.11%
Net Earnings $137.0M $64.00M -$55.00M
YoY Change -349.09% 88.24% -37.5%
Net Earnings / Revenue 13.95% 30.19% -6.0%
Basic Earnings Per Share $1.77 -$0.81
Diluted Earnings Per Share $1.77 $853.3K -$0.81
COMMON SHARES
Basic Shares Outstanding 77.20M shares 68.40M shares
Diluted Shares Outstanding 77.40M shares 68.40M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.0M $108.0M $108.0M
YoY Change 36.11% -15.63% -15.63%
Cash & Equivalents $147.0M $108.0M $108.0M
Short-Term Investments
Other Short-Term Assets $25.00M $16.00M $16.00M
YoY Change 56.25% 0.0% -55.56%
Inventory $41.00M $24.00M $24.00M
Prepaid Expenses
Receivables $112.0M $83.00M $83.00M
Other Receivables $1.085B $155.0M $183.0M
Total Short-Term Assets $1.410B $414.0M $414.0M
YoY Change 240.58% -4.39% -4.39%
LONG-TERM ASSETS
Property, Plant & Equipment $11.42B $7.163B $7.163B
YoY Change 59.39% 2.77% 2.77%
Goodwill $609.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $1.896B $1.814B $1.814B
YoY Change 4.52% 9.74% 9.74%
Other Assets $594.0M $131.0M $380.0M
YoY Change 56.32% -4.38% 22.98%
Total Long-Term Assets $17.57B $12.15B $12.15B
YoY Change 44.6% 2.75% 2.75%
TOTAL ASSETS
Total Short-Term Assets $1.410B $414.0M $414.0M
Total Long-Term Assets $17.57B $12.15B $12.15B
Total Assets $18.98B $12.56B $12.56B
YoY Change 51.06% 2.5% 2.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $982.0M $143.0M $143.0M
YoY Change 586.71% 17.21% 17.21%
Accrued Expenses $51.00M $47.00M $47.00M
YoY Change 8.51% -22.95% -22.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.00M $12.00M $12.00M
YoY Change 175.0% 0.0% 0.0%
Total Short-Term Liabilities $1.261B $350.0M $350.0M
YoY Change 260.29% 16.28% 16.28%
LONG-TERM LIABILITIES
Long-Term Debt $5.294B $3.376B $3.376B
YoY Change 56.81% -18.3% -18.3%
Other Long-Term Liabilities $1.262B $170.0M $1.129B
YoY Change 11.78% 1.8% 49.14%
Total Long-Term Liabilities $6.556B $4.505B $4.505B
YoY Change 45.53% -7.85% -7.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.261B $350.0M $350.0M
Total Long-Term Liabilities $6.556B $4.505B $4.505B
Total Liabilities $16.00B $4.855B $10.21B
YoY Change 56.73% -6.45% 1.34%
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 $2.977B $2.354B $2.354B
YoY Change
Total Liabilities & Shareholders Equity $18.98B $12.56B $12.56B
YoY Change 51.06% 2.5% 2.5%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $137.0M $64.00M -$55.00M
YoY Change -349.09% 88.24% -37.5%
Depreciation, Depletion And Amortization $263.0M $97.00M $247.0M
YoY Change 6.48% 4.3% 4.66%
Cash From Operating Activities $677.0M $183.0M $665.0M
YoY Change 1.8% 94.68% 92.2%
INVESTING ACTIVITIES
Capital Expenditures $113.0M -$98.00M $334.0M
YoY Change -66.17% 81.48% 259.14%
Acquisitions
YoY Change
Other Investing Activities -$45.00M -$300.0M -$21.00M
YoY Change 114.29% -61.34% 75.0%
Cash From Investing Activities -$2.301B -$398.0M -$681.0M
YoY Change 237.89% -52.05% -71.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.663B 228.0M -$4.000M
YoY Change -41675.0% -65.35% -100.2%
NET CHANGE
Cash From Operating Activities $677.0M 183.0M $665.0M
Cash From Investing Activities -$2.301B -398.0M -$681.0M
Cash From Financing Activities $1.663B 228.0M -$4.000M
Net Change In Cash $39.00M 13.00M -$20.00M
YoY Change -295.0% -116.67% -41.18%
FREE CASH FLOW
Cash From Operating Activities $677.0M $183.0M $665.0M
Capital Expenditures $113.0M -$98.00M $334.0M
Free Cash Flow $564.0M $281.0M $331.0M
YoY Change 70.39% 89.86% 30.83%

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CY2020 nep Retirement Of Debt
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StockholdersEquityOther
2000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10838000000 USD
CY2021 nep Numberof Natural Gas Pipelines Acquired
NumberofNaturalGasPipelinesAcquired
7 pipeline
CY2020Q4 nep Convertible Investment Tax Credit Net
ConvertibleInvestmentTaxCreditNet
400000000 USD
CY2021Q4 nep Numberof Equity Investments
NumberofEquityInvestments
32 electric_generation_facility
CY2021Q4 nep Number Of Solar Projects
NumberOfSolarProjects
7 project
CY2021 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-2494000000 USD
CY2021 nep Noncontrolling Interest Exercise Of Buyout Right
NoncontrollingInterestExerciseOfBuyoutRight
879000000 USD
CY2021 nep Stockholders Equity Other1
StockholdersEquityOther1
1000000 USD
CY2021 nep Contingent Consideration Reacquisition Amount Maximum
ContingentConsiderationReacquisitionAmountMaximum
204000000 USD
CY2021 nep Contingent Consideration Return Proceeds Maximum
ContingentConsiderationReturnProceedsMaximum
117000000 USD
CY2021Q4 nep Convertible Investment Tax Credit Net
ConvertibleInvestmentTaxCreditNet
448000000 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
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 USD
CY2021 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:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">–</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, 2021</span><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> have been collected.</span>
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
17000000 USD
CY2019 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
17000000 USD
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
17000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17000000 USD
CY2021 nep Amortization Of Intangible Liability Expected Amortization For The Next Five Years Annual Amount
AmortizationOfIntangibleLiabilityExpectedAmortizationForTheNextFiveYearsAnnualAmount
13000000 USD
CY2021 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:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">–</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>
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
12000000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10000000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 USD
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4000000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6000000 USD
CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
600000000 USD
CY2021Q1 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
64000000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
7000000 USD
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
26000000 USD
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
595000000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
621000000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
802000000 USD
CY2021Q4 nep Derivative Instrumentswith Contingent Features Liabilitiesat Fair Value
DerivativeInstrumentswithContingentFeaturesLiabilitiesatFairValue
608000000 USD
CY2020Q4 nep Derivative Instrumentswith Contingent Features Liabilitiesat Fair Value
DerivativeInstrumentswithContingentFeaturesLiabilitiesatFairValue
769000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
32000000 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
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
33000000 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
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000000 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
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
14000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5000000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-3000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000000 USD
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
15000000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-6000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-26000000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
99000000 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
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
59000000 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
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
12000000 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
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
3000000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2000000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2000000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-26000000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.10
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.07
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.06
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
20000000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
20000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
284000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
255000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
23000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
13000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
10000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
3000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
316000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
264000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
316000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
244000000 USD
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
4000000 USD
CY2020Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
6000000 USD
CY2021Q4 nep Deferred Tax Assets Net Of Valuation Allowance Noncurrent
DeferredTaxAssetsNetOfValuationAllowanceNoncurrent
322000000 USD
CY2020Q4 nep Deferred Tax Assets Net Of Valuation Allowance Noncurrent
DeferredTaxAssetsNetOfValuationAllowanceNoncurrent
249000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
316000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
244000000 USD
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
284000000 USD
CY2021Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
13000000 USD
CY2021Q4 nep Deferred Tax Liability State Taxes
DeferredTaxLiabilityStateTaxes
1000000 USD
CY2020Q4 nep Deferred Tax Liability State Taxes
DeferredTaxLiabilityStateTaxes
3000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13124000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8606000000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1707000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1443000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11417000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7163000000 USD
CY2021 us-gaap Depreciation
Depreciation
263000000 USD
CY2020 us-gaap Depreciation
Depreciation
247000000 USD
CY2019 us-gaap Depreciation
Depreciation
236000000 USD
CY2021Q4 nep Assets Servingas Collateral
AssetsServingasCollateral
5300000000 USD
CY2021Q4 nep Variable Interest Entity Consolidated Numberof Vi Es
VariableInterestEntityConsolidatedNumberofVIEs
16 variable_interest_entity
CY2021Q4 nep Numberof Equity Investments
NumberofEquityInvestments
32 electric_generation_facility
CY2021Q4 nep Number Of Solar Projects
NumberOfSolarProjects
7 project
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
45000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
43000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
48000000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
49000000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0401
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0453
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P26Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0355
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
7000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
6000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
7000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5000000 USD
CY2019 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-88000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
136000000 USD
CY2021Q4 nep Right Of Use Asset Obtained In Exchange For Finance Lease And Operating Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseAndOperatingLeaseLiability
51000000 USD
CY2021 us-gaap Sales Type Lease Net Investment In Lease Purchase
SalesTypeLeaseNetInvestmentInLeasePurchase
16000000 USD
CY2021Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
28000000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
51000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
50000000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
5327000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3388000000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5294000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3376000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
33000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
243000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1329000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
703000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1905000000 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
CY2021 us-gaap Net Income Loss
NetIncomeLoss
137000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-55000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-88000000 USD
CY2021 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2020 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2019 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
137000000 USD
CY2020 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-55000000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77200000 shares
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
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 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
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77400000 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
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.77
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.51
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.77
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.51
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 shares
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4000000 USD
CY2021Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
72000000 USD
CY2021 dei Auditor Firm
AuditorFirmId
34

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