WEC ENERGY GROUP INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
WEC$117.01-0.1%Stored close · as of Nov 10, 2026
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C. Consolidated Statements of Comprehensive Income
| (in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net income | $1,331.7 | $1,409.7 | $1,298.5 |
| Other comprehensive income (loss), net of tax | |||
| Derivatives accounted for as cash flow hedges | |||
| Net derivative gain, net of tax | — | — | 0.6 |
| Reclassification of realized net derivative (gain) loss to net income, net of tax | (0.3) | (0.3) | 0.9 |
| Cash flow hedges, net | (0.3) | (0.3) | 1.5 |
| Defined benefit plans | |||
| Pension and OPEB adjustments arising during the period, net of tax expense (benefit) of $(0.2), $(1.3), and $0.7, respectively | (0.6) | (3.5) | 1.7 |
| Amortization of pension and OPEB costs included in net periodic benefit cost, net of tax | — | 0.2 | 0.4 |
| Defined benefit plans, net | (0.6) | (3.3) | 2.1 |
| Other comprehensive income (loss), net of tax | (0.9) | (3.6) | 3.6 |
| Comprehensive income | 1,330.8 | 1,406.1 | 1,302.1 |
| Preferred stock dividends of subsidiary | 1.2 | 1.2 | 1.2 |
| Comprehensive (income) loss attributed to noncontrolling interests | 1.2 | (0.4) | 3.0 |
| Comprehensive income attributed to common shareholders | $1,330.8 | $1,404.5 | $1,303.9 |
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