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$117.15+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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D. Consolidated Balance Sheets
| (in millions, except share and per share amounts) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $42.9 | $28.9 |
| Accounts receivable and unbilled revenues, net of reserves of $193.5 and $199.3, respectively | 1,503.2 | 1,818.4 |
| Materials, supplies, and inventories | 775.2 | 807.1 |
| Prepaid taxes | 173.9 | 201.8 |
| Other prepayments | 76.8 | 69.8 |
| Other | 223.7 | 261.7 |
| Current assets | 2,795.7 | 3,187.7 |
| Long-term assets | ||
| Property, plant, and equipment, net of accumulated depreciation and amortization of $11,073.1 and $10,383.8, respectively | 31,581.5 | 29,113.8 |
| Regulatory assets (December 31, 2023 and December 31, 2022 include $85.9 and $92.4, respectively, related to WEPCo Environmental Trust) | 3,249.8 | 3,264.6 |
| Equity investment in transmission affiliates | 2,005.9 | 1,909.2 |
| Goodwill | 3,052.8 | 3,052.8 |
| Pension and OPEB assets | 870.9 | 916.7 |
| Other | 383.1 | 427.3 |
| Long-term assets | 41,144.0 | 38,684.4 |
| Total assets | $43,939.7 | $41,872.1 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Short-term debt | $2,020.9 | $1,647.1 |
| Current portion of long-term debt (December 31, 2023 and December 31, 2022 include $9.0 and $8.9, respectively, related to WEPCo Environmental Trust) | 1,264.2 | 881.2 |
| Accounts payable | 896.6 | 1,198.1 |
| Other | 933.1 | 884.6 |
| Current liabilities | 5,114.8 | 4,611.0 |
| Long-term liabilities | ||
| Long-term debt (December 31, 2023 and December 31, 2022 include $85.3 and $94.1, respectively, related to WEPCo Environmental Trust) | 15,512.8 | 14,766.2 |
| Deferred income taxes | 4,918.5 | 4,625.6 |
| Deferred revenue, net | 356.4 | 370.7 |
| Regulatory liabilities | 3,697.7 | 3,735.5 |
| Intangible liabilities | 594.8 | 335.4 |
| Environmental remediation liabilities | 463.7 | 499.6 |
| AROs | 374.2 | 479.3 |
| Pension and OPEB obligations | 176.0 | 171.6 |
| Other | 659.3 | 660.6 |
| Long-term liabilities | 26,753.4 | 25,644.5 |
| Commitments and contingencies (Note 24) | ||
| Common shareholders' equity | ||
| Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding | 3.2 | 3.2 |
| Additional paid in capital | 4,115.9 | 4,115.2 |
| Retained earnings | 7,612.8 | 7,265.3 |
| Accumulated other comprehensive loss | (7.7) | (6.8) |
| Common shareholders' equity | 11,724.2 | 11,376.9 |
| Preferred stock of subsidiary | 30.4 | 30.4 |
| Noncontrolling interests | 316.9 | 209.3 |
| Total liabilities and equity | $43,939.7 | $41,872.1 |
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