WEC ENERGY GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
WEC$117.15+1.1%Stored close · as of Nov 9, 2026
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D. Consolidated Balance Sheets
| (in millions, except share and per share amounts) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $9.8 | $42.9 |
| Accounts receivable and unbilled revenues, net of reserves of $162.8 and $193.5, respectively | 1,669.3 | 1,503.2 |
| Materials, supplies, and inventories | 813.2 | 775.2 |
| Prepaid taxes | 214.9 | 173.9 |
| Other prepayments | 82.6 | 76.8 |
| Other | 121.9 | 223.7 |
| Current assets | 2,911.7 | 2,795.7 |
| Long-term assets | ||
| Property, plant, and equipment, net of accumulated depreciation and amortization of $11,611.9 and $11,073.1, respectively | 34,645.4 | 31,581.5 |
| Regulatory assets (December 31, 2024 and December 31, 2023 include $76.5 and $85.9, respectively, related to WEPCo Environmental Trust) | 3,339.7 | 3,249.8 |
| Equity investment in transmission affiliates | 2,108.9 | 2,005.9 |
| Goodwill | 3,052.8 | 3,052.8 |
| Pension and OPEB assets | 968.5 | 870.9 |
| Other | 336.2 | 383.1 |
| Long-term assets | 44,451.5 | 41,144.0 |
| Total assets | $47,363.2 | $43,939.7 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Short-term debt | $1,116.6 | $2,020.9 |
| Current portion of long-term debt (December 31, 2024 and December 31, 2023 include $9.2 and $9.0, respectively, related to WEPCo Environmental Trust) | 1,729.0 | 1,264.2 |
| Accounts payable | 1,137.1 | 896.6 |
| Other | 859.2 | 933.1 |
| Current liabilities | 4,841.9 | 5,114.8 |
| Long-term liabilities | ||
| Long-term debt (December 31, 2024 and December 31, 2023 include $76.4 and $85.3, respectively, related to WEPCo Environmental Trust) | 17,178.1 | 15,366.9 |
| Finance lease obligations | 303.3 | 145.9 |
| Deferred income taxes | 5,514.7 | 4,918.5 |
| Deferred revenue, net | 334.6 | 356.4 |
| Regulatory liabilities | 3,958.0 | 3,697.7 |
| Intangible liabilities | 566.8 | 594.8 |
| Environmental remediation liabilities | 445.8 | 463.7 |
| AROs | 580.0 | 374.2 |
| Other | 838.1 | 835.3 |
| Long-term liabilities | 29,719.4 | 26,753.4 |
| Commitments and contingencies (Note 24) | ||
| Common shareholders' equity | ||
| Common stock – $0.01 par value; 650,000,000 shares authorized; 317,680,855 and 315,434,531 shares outstanding, respectively | 3.2 | 3.2 |
| Additional paid in capital | 4,315.8 | 4,115.9 |
| Retained earnings | 8,083.8 | 7,612.8 |
| Accumulated other comprehensive loss | (7.8) | (7.7) |
| Common shareholders' equity | 12,395.0 | 11,724.2 |
| Preferred stock of subsidiary | 30.4 | 30.4 |
| Noncontrolling interests | 376.5 | 316.9 |
| Total liabilities and equity | $47,363.2 | $43,939.7 |
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