2023 Q1 Form 10-K Financial Statement

#000160314523000005 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $301.0M $266.0M $1.211B
YoY Change 7.12% 15.15% 23.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $166.0M $171.0M $620.0M
YoY Change 15.28% 34.65% 38.39%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $152.0M $149.0M $400.0M
YoY Change 7.04% 28.45% 52.09%
% of Gross Profit
Operating Expenses $298.0M $286.0M $1.050B
YoY Change 20.65% 37.5% 40.37%
Operating Profit $3.000M $197.0M
YoY Change -91.18% -15.81%
Interest Expense -$210.0M $29.00M $853.0M
YoY Change -173.94% -142.65% 1714.89%
% of Operating Profit -7000.0% 432.99%
Other Income/Expense, Net -$188.0M $1.000M $1.095B
YoY Change -153.87% 0.0% 360.08%
Pretax Income -$185.0M $11.00M $1.292B
YoY Change -148.3% -124.44% 173.73%
Income Tax -$34.00M -$7.000M $171.0M
% Of Pretax Income -63.64% 13.24%
Net Earnings -$14.00M $34.00M $477.0M
YoY Change -109.72% -477.78% 248.18%
Net Earnings / Revenue -4.65% 12.78% 39.39%
Basic Earnings Per Share -$0.17 $5.62
Diluted Earnings Per Share -$0.17 $0.39 $5.62
COMMON SHARES
Basic Shares Outstanding 86.54M shares 84.90M shares
Diluted Shares Outstanding 87.90M shares 84.90M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $238.0M $235.0M $235.0M
YoY Change 41.67% 59.86% 59.86%
Cash & Equivalents $238.0M $235.0M $235.0M
Short-Term Investments
Other Short-Term Assets $76.00M $202.0M $267.0M
YoY Change -62.93% 708.0% 968.0%
Inventory $59.00M $51.00M $51.00M
Prepaid Expenses
Receivables $141.0M $137.0M $137.0M
Other Receivables $38.00M $41.00M $1.172B
Total Short-Term Assets $1.365B $1.862B $1.862B
YoY Change 6.47% 32.06% 32.06%
LONG-TERM ASSETS
Property, Plant & Equipment $15.18B $14.95B $14.95B
YoY Change 35.17% 30.94% 30.94%
Goodwill $891.0M $891.0M
YoY Change 1.37% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.927B $1.917B $1.917B
YoY Change 1.26% 1.11% 1.11%
Other Assets $349.0M $333.0M $897.0M
YoY Change -4.9% 25.66% 51.01%
Total Long-Term Assets $21.28B $21.19B $21.19B
YoY Change 22.8% 20.63% 20.63%
TOTAL ASSETS
Total Short-Term Assets $1.365B $1.862B $1.862B
Total Long-Term Assets $21.28B $21.19B $21.19B
Total Assets $22.65B $23.05B $23.05B
YoY Change 21.68% 21.48% 21.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $774.0M $868.0M $868.0M
YoY Change 30.08% -11.61% -11.61%
Accrued Expenses $40.00M $59.00M $59.00M
YoY Change 17.65% 15.69% 15.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $50.00M $38.00M $38.00M
YoY Change 38.89% 15.15% 15.15%
Total Short-Term Liabilities $983.0M $1.326B $1.326B
YoY Change 22.88% 5.15% 5.15%
LONG-TERM LIABILITIES
Long-Term Debt $5.295B $5.250B $5.250B
YoY Change -1.54% -0.83% -0.83%
Other Long-Term Liabilities $194.0M $196.0M $1.704B
YoY Change -50.13% -48.83% 35.02%
Total Long-Term Liabilities $7.085B $6.954B $6.954B
YoY Change 10.08% 6.07% 6.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $983.0M $1.326B $1.326B
Total Long-Term Liabilities $7.085B $6.954B $6.954B
Total Liabilities $8.068B $8.280B $19.73B
YoY Change 11.5% 5.92% 23.3%
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 $3.407B $3.325B $3.325B
YoY Change
Total Liabilities & Shareholders Equity $22.65B $23.05B $23.05B
YoY Change 21.68% 21.48% 21.48%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$14.00M $34.00M $477.0M
YoY Change -109.72% -477.78% 248.18%
Depreciation, Depletion And Amortization $152.0M $149.0M $400.0M
YoY Change 7.04% 28.45% 52.09%
Cash From Operating Activities $82.00M $165.0M $776.0M
YoY Change -31.67% -10.81% 14.62%
INVESTING ACTIVITIES
Capital Expenditures $401.0M $393.0M $1.351B
YoY Change -14.13% -1367.74% 1095.58%
Acquisitions
YoY Change
Other Investing Activities $600.0M -$763.0M -$6.000M
YoY Change -36.47% -86.67%
Cash From Investing Activities $199.0M -$1.156B -$1.194B
YoY Change -384.29% -6.17% -48.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$276.0M 1.050B $551.0M
YoY Change 736.36% -1.04% -66.87%
NET CHANGE
Cash From Operating Activities $82.00M 165.0M $776.0M
Cash From Investing Activities $199.0M -1.156B -$1.194B
Cash From Financing Activities -$276.0M 1.050B $551.0M
Net Change In Cash $5.000M 59.00M $133.0M
YoY Change -70.59% 321.43% 241.03%
FREE CASH FLOW
Cash From Operating Activities $82.00M $165.0M $776.0M
Capital Expenditures $401.0M $393.0M $1.351B
Free Cash Flow -$319.0M -$228.0M -$575.0M
YoY Change -8.07% -205.56% -201.95%

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176000000 usd
CY2020 nep Noncontrolling Interest Increase Decrease In Other Activity
NoncontrollingInterestIncreaseDecreaseInOtherActivity
64000000 usd
CY2020 nep Noncontrolling Interest Increase Decrease From Sale Of Noncontrolling Interest In Subsidiary
NoncontrollingInterestIncreaseDecreaseFromSaleOfNoncontrollingInterestInSubsidiary
746000000 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
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
56000000 usd
CY2021 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
2494000000 usd
CY2021 nep Adjustmentsto Additional Paidin Capital Capped Call Transaction
AdjustmentstoAdditionalPaidinCapitalCappedCallTransaction
31000000 usd
CY2021 nep Noncontrolling Interest Increase Decrease From Member Note Receivable
NoncontrollingInterestIncreaseDecreaseFromMemberNoteReceivable
-2000000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
424000000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 usd
CY2021 nep Related Party Distributions
RelatedPartyDistributions
424000000 usd
CY2021 nep Noncontrolling Interest Increase Decreasein Changein Equity Method Investees
NoncontrollingInterestIncreaseDecreaseinChangeinEquityMethodInvestees
127000000 usd
CY2021 nep Noncontrolling Interest Sale Of Differential Membership Investment
NoncontrollingInterestSaleOfDifferentialMembershipInvestment
48000000 usd
CY2021 nep Noncontrolling Interest Increase Decrease In Other Activity
NoncontrollingInterestIncreaseDecreaseInOtherActivity
39000000 usd
CY2021 nep Noncontrolling Interest Increase Decrease From Sale Of Noncontrolling Interest In Subsidiary
NoncontrollingInterestIncreaseDecreaseFromSaleOfNoncontrollingInterestInSubsidiary
890000000 usd
CY2021 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
198000000 usd
CY2021 nep Noncontrolling Interest Exercise Of Buyout Right
NoncontrollingInterestExerciseOfBuyoutRight
160000000 usd
CY2021 us-gaap Stockholders Equity Other
StockholdersEquityOther
2000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10838000000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
179000000 usd
CY2022 nep Noncontrolling Interest Increase From Business Combination Membership Interest Non Controlling Ownership Interests
NoncontrollingInterestIncreaseFromBusinessCombinationMembershipInterestNonControllingOwnershipInterests
2012000000 usd
CY2022 nep Adjustmentsto Additional Paidin Capital Capped Call Transaction
AdjustmentstoAdditionalPaidinCapitalCappedCallTransaction
31000000 usd
CY2022 nep Noncontrolling Interest Increase Decrease From Member Note Receivable
NoncontrollingInterestIncreaseDecreaseFromMemberNoteReceivable
-2000000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 usd
CY2022 nep Related Party Distributions
RelatedPartyDistributions
382000000 usd
CY2022 nep Noncontrolling Interest Increase Decreasein Changein Equity Method Investees
NoncontrollingInterestIncreaseDecreaseinChangeinEquityMethodInvestees
1000000 usd
CY2022 nep Noncontrolling Interest Increase Decrease In Other Activity
NoncontrollingInterestIncreaseDecreaseInOtherActivity
243000000 usd
CY2022 nep Noncontrolling Interest Increase Decrease From Sale Of Noncontrolling Interest In Subsidiary
NoncontrollingInterestIncreaseDecreaseFromSaleOfNoncontrollingInterestInSubsidiary
1112000000 usd
CY2022 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
254000000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14671000000 usd
CY2022Q4 nep Numberof Equity Investments
NumberofEquityInvestments
37 electric_generation_facility
CY2022Q4 nep Number Of Solar Projects
NumberOfSolarProjects
8 project
CY2022Q4 nep Buyout Differential Membership With Ownership Interests
BuyoutDifferentialMembershipWithOwnershipInterests
187000000 usd
CY2022 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-518000000 usd
CY2022 nep Redeemable Noncontrolling Interest From Acquisition
RedeemableNoncontrollingInterestFromAcquisition
321000000 usd
CY2022 nep Contingency Payments Reacquire Investors Interests
ContingencyPaymentsReacquireInvestorsInterests
101000000 usd
CY2022Q4 nep Convertible Investment Tax Credit Net
ConvertibleInvestmentTaxCreditNet
451000000 usd
CY2021Q4 nep Convertible Investment Tax Credit Net
ConvertibleInvestmentTaxCreditNet
448000000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
49000000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 usd
CY2022 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, 2022</span><span style="color:#231f20;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> have been collected.</span>
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 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>
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
13000000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
12000000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13000000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000000 usd
CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4000000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
12000000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7000000 usd
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7000000 usd
CY2021 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
CY2022Q4 us-gaap Derivative Asset Not Subject To Master Netting Arrangement
DerivativeAssetNotSubjectToMasterNettingArrangement
434000000 usd
CY2022Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
14000000 usd
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
65000000 usd
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
369000000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
434000000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12000000 usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2000000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
14000000 usd
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 usd
CY2021Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
7000000 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
CY2022Q4 nep Derivative Instruments With Contingent Features Liabilities At Fair Value
DerivativeInstrumentsWithContingentFeaturesLiabilitiesAtFairValue
37000000 usd
CY2021Q4 nep Derivative Instruments With Contingent Features Liabilities At Fair Value
DerivativeInstrumentsWithContingentFeaturesLiabilitiesAtFairValue
608000000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1000000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
127000000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
271000000 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
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CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
135000000 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
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
35000000 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
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CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
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CY2020 us-gaap Income Tax Reconciliation Tax Credits
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48000000 usd
CY2020 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.10
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.07
CY2022Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
199000000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
199000000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
363000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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284000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Investments
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CY2021Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
23000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
15000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
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374000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
316000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
175000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
316000000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
18000000 usd
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
4000000 usd
CY2022Q4 nep Deferred Tax Assets Net Of Valuation Allowance Noncurrent
DeferredTaxAssetsNetOfValuationAllowanceNoncurrent
195000000 usd
CY2021Q4 nep Deferred Tax Assets Net Of Valuation Allowance Noncurrent
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
175000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
316000000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
363000000 usd
CY2022Q4 us-gaap Tax Credit Carryforward Amount
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15000000 usd
CY2022Q4 nep Deferred Tax Liability State Taxes
DeferredTaxLiabilityStateTaxes
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CY2021Q4 nep Deferred Tax Liability State Taxes
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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17039000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13124000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2090000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1707000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14949000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11417000000 usd
CY2022 us-gaap Depreciation
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400000000 usd
CY2021 us-gaap Depreciation
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263000000 usd
CY2020 us-gaap Depreciation
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247000000 usd
CY2022Q4 nep Assets Servingas Collateral
AssetsServingasCollateral
5100000000 usd
CY2022Q4 nep Variable Interest Entity Consolidated Numberof Vi Es
VariableInterestEntityConsolidatedNumberofVIEs
21 variable_interest_entity
CY2022Q4 nep Numberof Equity Investments
NumberofEquityInvestments
37 electric_generation_facility
CY2022Q4 nep Number Of Solar Projects
NumberOfSolarProjects
8 project
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Liability
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26000000 usd
CY2021Q4 us-gaap Operating Lease Liability
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45000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
47000000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
48000000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
51000000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
49000000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0404
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0401
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P25Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P26Y
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0355
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0355
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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3000000 usd
CY2020 us-gaap Operating Lease Cost
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3000000 usd
CY2022 us-gaap Variable Lease Cost
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8000000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
7000000 usd
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3000000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
112000000 usd
CY2022Q4 nep Right Of Use Asset Obtained In Exchange For Finance Lease And Operating Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseAndOperatingLeaseLiability
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CY2021Q4 nep Right Of Use Asset Obtained In Exchange For Finance Lease And Operating Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseAndOperatingLeaseLiability
51000000 usd
CY2022 us-gaap Sales Type Lease Net Investment In Lease Purchase
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CY2022Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
118000000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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51000000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
51000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
5288000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
5327000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
38000000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5250000000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5294000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
38000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1528000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
680000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1878000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
607000000 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
CY2022 us-gaap Net Income Loss
NetIncomeLoss
477000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
137000000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-55000000 usd
CY2022 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2021 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2020 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
477000000 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
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84900000 shares
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
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 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
CY2022 dei Auditor Firm
AuditorFirmId
34
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84900000 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
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.62
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.77
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.62
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.77
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
800000 shares

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
nep-20221231_pre.xml Edgar Link unprocessable
0001603145-23-000005-index-headers.html Edgar Link pending
0001603145-23-000005-index.html Edgar Link pending
0001603145-23-000005.txt Edgar Link pending
0001603145-23-000005-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nep-20221231.htm Edgar Link pending
nep-20221231.xsd Edgar Link pending
nep-20221231_g1.jpg Edgar Link pending
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