← WEC ENERGY GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $939.0m | $1.2b | $1.1b | $1.1b | $1.2b | $1.3b | $1.4b | $1.3b | $1.5b | $1.6b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $1.1b | $1.2b | $1.3b | $1.4b | $1.3b | $1.5b | $1.6b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $940.2m | $1.2b | $1.1b | $1.1b | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($500k) | $300k | ($3.0m) | $400k | ($1.2m) | ($4.1m) | ($3.2m) | |
| Depreciation, Depletion and Amortization | $762.6m | $798.6m | $845.8m | $926.3m | $975.9m | $1.1b | $1.1b | $1.3b | $1.4b | $1.5b | |
| Amortization | — | — | — | — | — | — | $11.3m | $50.6m | $53.7m | $58.1m | |
| Depreciation, Amortization and Accretion, Net | $762.6m | $798.6m | $845.8m | $926.3m | $975.9m | $1.1b | $1.1b | $1.3b | $1.4b | $1.5b | |
| Deferred Income Tax Expense (Benefit) | $498.7m | $274.4m | $300.1m | $167.7m | $182.2m | $111.0m | $278.5m | $229.9m | $538.7m | — | |
| Deferred income taxes and ITCs, net | $493.8m | $271.7m | $297.3m | $162.9m | $209.4m | $151.1m | $280.1m | $219.4m | $529.0m | $368.5m | |
| Share-based Payment Arrangement, Expense | $18.0m | $29.0m | $36.1m | $50.2m | $35.7m | $15.7m | $34.8m | $9.7m | $39.3m | $48.2m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Impairments related to Illinois segment | — | — | — | — | — | — | — | $178.9m | $12.1m | $130.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | — | $66.2m | $23.8m | ($700k) | — | |
| Gain (Loss) on Disposition of Assets | — | $1.9m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $23.6m | $0 | $0 | — | ($38.4m) | ($36.3m) | $0 | $0 | $23.1m | $0 | |
| Income (Loss) from Equity Method Investments | $146.5m | $154.3m | $136.7m | $127.6m | $175.8m | $158.1m | — | — | — | — | |
| Income Tax Expense (Benefit) | $566.5m | $383.5m | $169.8m | $125.0m | $227.9m | $200.3m | $322.9m | $204.6m | $222.0m | $118.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $815.3m | $895.1m | |
| Other Nonoperating Income (Expense) | $80.8m | $64.6m | $70.3m | $102.2m | $79.5m | $133.2m | $128.8m | $177.7m | $178.2m | $107.9m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $47 | $5 | $19 | $3 | $29 | $25 | $74 | $33 | $57 | $29 | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($100.0m) | ($49.3m) | $8.8m | $1.5m | ($21.2m) | $107.2m | $171.3m | ($41.9m) | $38.0m | ($9.8m) | |
| Increase (Decrease) in Accounts Payable | $34.4m | $8.5m | $110.6m | $1.5m | ($61.3m) | $126.9m | $121.5m | ($254.0m) | $99.7m | $46.4m | |
| Asset Retirement Obligation, Accretion Expense | $28.3m | $27.5m | $28.0m | $22.1m | $20.7m | $21.2m | $16.1m | $17.2m | $18.8m | $26.6m | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $19.6m | — | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $18.7m | $6.3m | $16.0m | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | $21.2m | $12.7m | — | ($12.6m) | $13.7m | $11.7m | $8.1m | |
| Goodwill | $3.0b | $3.1b | $3.1b | $3.1b | $3.1b | $3.1b | $3.1b | $3.1b | $3.1b | $3.1b | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $17.2m | $5.9m | |
| Nonoperating Income (Expense) | ($175.4m) | ($196.8m) | ($238.1m) | ($271.7m) | ($276.8m) | ($216.1m) | ($191.6m) | ($371.7m) | ($406.5m) | ($571.4m) | |
| Proceeds from Stock Options Exercised | $41.6m | $30.8m | $29.1m | $67.0m | $43.8m | $15.7m | $33.6m | $6.3m | $23.7m | $39.1m | |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity | $25.1m | $11.4m | $15.2m | $14.4m | $20.9m | $18.0m | $29.4m | $59.1m | $59.8m | $99.8m | |
| Contributions and payments related to pension and OPEB plans | ($28.7m) | ($120.5m) | ($77.6m) | ($65.9m) | ($113.2m) | ($66.3m) | ($15.1m) | ($16.7m) | ($14.5m) | ($13.7m) | |
| Equity income in transmission affiliates, net of distributions | ($46.6m) | ($4.8m) | ($18.6m) | ($2.9m) | ($29.1m) | ($25.1m) | ($74.3m) | ($33.0m) | ($57.4m) | ($29.2m) | |
| Accounts receivable and unbilled revenues, net | ($180.7m) | ($86.4m) | $23.5m | $98.2m | $16.1m | ($249.2m) | ($342.1m) | $340.6m | ($161.5m) | ($411.8m) | |
| Materials, supplies, and inventories | $100.0m | $49.3m | ($8.8m) | ($1.5m) | $21.2m | ($107.2m) | ($171.3m) | $41.9m | ($38.0m) | $9.8m | |
| Collateral on deposit | — | — | — | — | $15.6m | $4.6m | ($108.1m) | $22.1m | $84.3m | ($25.4m) | |
| Other current assets | $103.1m | ($6.0m) | ($10.0m) | ($7.1m) | $13.4m | $22.2m | ($27.7m) | $18.9m | ($75.4m) | $11.4m | |
| Accounts payable | $34.4m | $8.5m | $110.6m | $1.5m | ($61.3m) | $126.9m | $121.5m | ($254.0m) | $99.7m | $46.4m | |
| Amounts refundable to customers | — | — | — | — | — | — | — | ($9.0m) | ($2.2m) | $43.6m | |
| Other current liabilities | ($20.8m) | $161.8m | ($67.6m) | $78.7m | ($41.2m) | ($17.2m) | $126.9m | $47.5m | $11.6m | $86.5m | |
| Other, net | ($13.6m) | ($6.5m) | ($15.2m) | ($22.4m) | ($11.4m) | ($10.1m) | ($11.8m) | ($6.0m) | ($6.1m) | ($10.5m) | |
| Acquisition of Hardin III, net of cash acquired of $0.2 | — | — | — | — | — | $0 | ($382.0m) | $0 | $0 | ($406.1m) | |
| Acquisition of Delilah I, net of cash acquired of $0.6 | — | — | — | — | — | ($119.9m) | $0 | $0 | ($462.5m) | $0 | |
| Acquisition of Maple Flats, net of cash acquired of $0.5 | — | — | — | — | — | — | $0 | $0 | ($431.2m) | $0 | |
| Acquisition of West Riverside | — | — | — | — | — | $0 | $0 | ($95.3m) | ($97.9m) | $0 | |
| Acquisition of Red Barn | — | — | — | — | $0 | $0 | ($382.0m) | ($143.8m) | ($2.1m) | $0 | |
| Acquisition of Whitewater | — | — | — | — | $0 | ($119.9m) | $0 | ($76.0m) | $0 | $0 | |
| Acquisition of Sapphire Sky, net of cash acquired of $0.3 | $0 | $0 | ($162.9m) | $0 | ($239.9m) | $0 | $0 | ($442.6m) | $0 | $0 | |
| Acquisition of Samson I, net of cash acquired of $5.2 | — | — | — | — | ($364.6m) | $0 | $0 | ($257.3m) | $0 | $0 | |
| Capital contributions to transmission affiliates | ($42.3m) | ($109.6m) | ($53.5m) | ($52.6m) | ($21.2m) | $0 | ($45.5m) | ($63.7m) | ($45.5m) | ($142.4m) | |
| Reimbursement for ATC's transmission infrastructure upgrades | — | — | — | — | — | — | — | $100k | $8.1m | $39.8m | |
| Exercise of stock options | $41.6m | $30.8m | $29.1m | $67.0m | $43.8m | $15.7m | $33.6m | $6.3m | $23.7m | $39.1m | |
| Retirement of long-term debt | ($306.0m) | ($154.5m) | ($953.3m) | ($360.1m) | ($1.8b) | ($1.3b) | ($92.1m) | ($1.0b) | ($2.1b) | ($1.7b) | |
| Change in commercial paper | ($234.8m) | $584.4m | ($4.5m) | ($609.3m) | $606.1m | $459.2m | ($252.6m) | $373.7m | ($902.8m) | $806.9m | |
| Derivative, Gain (Loss) on Derivative, Net | ($49.5m) | $4.7m | $42.1m | ($10.8m) | ($50.0m) | $154.2m | $311.3m | ($233.2m) | ($119.6m) | ($400k) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $1.3m | $1.3m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $2.1b | $2.1b | $2.4b | $2.3b | $2.2b | $2.0b | $2.1b | $3.0b | $3.2b | $3.4b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.4b | $2.0b | $2.4b | $2.5b | $2.9b | $2.4b | $2.7b | ($2.5b) | ($2.8b) | ($4.4b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $0 | $0 | $364.6m | $0 | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($3.0m) | ($12.0m) | ($20.5m) | ($16.5m) | $5.3m | ($20.3m) | ($7.8m) | $12.6m | ($10.1m) | ($32.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.3b) | ($2.2b) | ($2.4b) | ($2.5b) | ($2.8b) | ($2.3b) | ($2.6b) | ($3.6b) | ($3.8b) | ($4.9b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $400.0m | $435.0m | $1.7b | $1.9b | $2.4b | $2.4b | $2.0b | $2.2b | $4.5b | $2.8b | |
| Issuance of long-term debt | $400.0m | $435.0m | $1.7b | $1.9b | $2.4b | $2.4b | $2.0b | $2.2b | $4.5b | $2.8b | |
| Payments for debt extinguishment and issuance costs | — | — | ($9.5m) | ($12.5m) | ($55.8m) | ($67.2m) | ($15.6m) | ($14.2m) | ($45.9m) | ($39.9m) | |
| Repayments of Long-term Debt | $306.0m | $154.5m | $953.3m | $360.1m | $1.8b | $1.3b | $92.1m | $1.0b | $2.1b | $1.7b | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | — | $163.4m | $761.9m | |
| Issuance of common stock, net | — | — | — | — | — | — | $0 | $0 | $163.4m | $761.9m | |
| Payments for Repurchase of Common Stock | $108.0m | $71.3m | $72.4m | $140.1m | $99.2m | $33.1m | $69.2m | $16.6m | $3.2m | $1.3m | |
| Payments of Ordinary Dividends, Common Stock | $625 | $656 | $697 | $744 | $798 | $855 | $918 | $984 | $1k | $1k | |
| Purchase of common stock | ($108.0m) | ($71.3m) | ($72.4m) | ($140.1m) | ($99.2m) | ($33.1m) | ($69.2m) | ($16.6m) | ($3.2m) | ($1.3m) | |
| Purchase of additional ownership interest in Samson I from noncontrolling interest | — | — | — | — | — | — | $0 | $0 | ($28.1m) | $0 | |
| Dividends paid on common stock | ($625) | ($656) | ($697) | ($744) | ($798) | ($855) | ($918) | ($984) | ($1k) | ($1k) | |
| Proceeds from (Payments for) Other Financing Activities | ($13.6m) | ($6.5m) | ($15.2m) | ($22.4m) | ($11.4m) | ($10.1m) | ($11.8m) | ($6.0m) | ($6.1m) | ($10.5m) | |
| Net Cash Provided by (Used in) Financing Activities | ($845.7m) | $161.4m | $26.4m | $85.6m | $601.1m | $294.0m | $676.4m | $522.8m | $467.7m | $1.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $87.5m | ($63.8m) | ($9.7m) | $14.9m | $94.7m | ($17.0m) | ($123.0m) | $28.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $146.1m | $82.3m | $72.6m | $87.5m | $182.2m | $165.2m | $42.2m | $70.9m | |
| Net change in cash, cash equivalents, and restricted cash | ($96.1m) | ($14.1m) | $87.5m | ($63.8m) | ($9.7m) | $14.9m | $94.7m | ($17.0m) | ($123.0m) | $28.7m | |
| Cash, cash equivalents, and restricted cash at beginning of year | $72.7m | $58.6m | $146.1m | $82.3m | $72.6m | $87.5m | $182.2m | $165.2m | $42.2m | $70.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $411.9m | $413.7m | $441.5m | $485.9m | $492.9m | $473.8m | $485.2m | $653.4m | $785.7m | $858.5m | |
| Income Taxes Paid, Net | — | ($5.2m) | $16.3m | $24.9m | $27.9m | $33.8m | $52.4m | ($58.9m) | ($264.2m) | ($281.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.