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. Statements of Cash Flows
| (in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating activities | |||
| Net income attributed to common shareholders | $1,331.7 | $1,408.1 | $1,300.3 |
| Reconciliation to cash provided by operating activities | |||
| Equity income in subsidiaries, net of distributions | (566.8) | (437.4) | (571.3) |
| Deferred income taxes, net | (3.8) | 11.6 | (1.9) |
| Loss on debt extinguishment | — | — | 23.1 |
| Change in – | |||
| Accounts receivable from related parties | (2.0) | (0.1) | 0.1 |
| Prepaid income taxes | 35.4 | 21.1 | (2.1) |
| Other current assets | (0.1) | — | — |
| Accounts payable to related parties | 0.9 | (3.5) | (26.2) |
| Accrued interest | 42.1 | 15.4 | 0.4 |
| Other current liabilities | (0.7) | (5.1) | 8.2 |
| Other, net | 14.4 | 5.8 | (2.5) |
| Net cash provided by operating activities | 851.1 | 1,015.9 | 728.1 |
| Investing activities | |||
| Capital contributions to subsidiaries | (1,807.4) | (1,099.7) | (734.0) |
| Return of capital from subsidiaries | 175.2 | 372.9 | 196.1 |
| Short-term notes receivable from related parties, net | 14.9 | (1.9) | 81.8 |
| Other, net | — | (2.0) | (1.1) |
| Net cash used in investing activities | (1,617.3) | (730.7) | (457.2) |
| Financing activities | |||
| Exercise of stock options | 6.3 | 33.6 | 15.7 |
| Purchase of common stock | (16.6) | (69.2) | (33.1) |
| Dividends paid on common stock | (984.2) | (917.9) | (854.8) |
| Issuance of long-term debt | 2,050.0 | 900.0 | 1,100.0 |
| Retirement of long-term debt | (700.0) | — | (300.0) |
| Repayment of short-term loan | — | — | (340.0) |
| Change in commercial paper | 297.3 | (336.4) | 255.7 |
| Short-term notes payable to related parties, net | 127.1 | 112.1 | (82.6) |
| Payments for debt extinguishment and issuance costs | (13.3) | (6.7) | (33.9) |
| Other, net | (0.4) | (1.2) | (1.4) |
| Net cash provided by (used in) financing activities | 766.2 | (285.7) | (274.4) |
| Net change in cash and cash equivalents | — | (0.5) | (3.5) |
| Cash and cash equivalents at beginning of year | — | 0.5 | 4.0 |
| Cash and cash equivalents at end of year | $— | $— | $0.5 |
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