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
Extracted filing text, with the paragraph anchors used by the comparison.
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D. Statements of Cash Flows
| (in millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating activities | |||
| Net income attributed to common shareholders | $1,527.2 | $1,331.7 | $1,408.1 |
| Reconciliation to cash provided by operating activities | |||
| Equity income in subsidiaries, net of distributions | (931.8) | (566.8) | (437.4) |
| Deferred income taxes, net | (2.1) | (3.8) | 11.6 |
| Gain on debt extinguishments | (23.1) | — | — |
| Change in – | |||
| Accounts receivable from related parties | — | (2.0) | (0.1) |
| Prepaid income taxes | (16.3) | 35.4 | 21.1 |
| Other current assets | 0.2 | (0.1) | — |
| Accounts payable to related parties | 0.2 | 0.9 | (3.5) |
| Accrued interest | (3.6) | 42.1 | 15.4 |
| Other current liabilities | (0.6) | (0.7) | (5.1) |
| Other, net | 15.5 | 14.4 | 5.8 |
| Net cash provided by operating activities | 565.6 | 851.1 | 1,015.9 |
| Investing activities | |||
| Capital contributions to subsidiaries | (1,273.9) | (1,807.4) | (1,099.7) |
| Return of capital from subsidiaries | 846.6 | 175.2 | 372.9 |
| Short-term notes receivable from related parties, net | (47.2) | 14.9 | (1.9) |
| Other, net | — | — | (2.0) |
| Net cash used in investing activities | (474.5) | (1,617.3) | (730.7) |
| Financing activities | |||
| Exercise of stock options | 23.7 | 6.3 | 33.6 |
| Issuance of common stock, net | 163.4 | — | — |
| Purchase of common stock | (3.2) | (16.6) | (69.2) |
| Dividends paid on common stock | (1,056.2) | (984.2) | (917.9) |
| Issuance of long-term debt | 2,475.0 | 2,050.0 | 900.0 |
| Retirement of long-term debt | (1,473.7) | (700.0) | — |
| Change in commercial paper | (314.3) | 297.3 | (336.4) |
| Short-term notes payable to related parties, net | 121.3 | 127.1 | 112.1 |
| Payments for debt extinguishment and issuance costs | (27.0) | (13.3) | (6.7) |
| Other, net | (0.1) | (0.4) | (1.2) |
| Net cash provided by (used in) financing activities | (91.1) | 766.2 | (285.7) |
| Net change in cash and cash equivalents | — | — | (0.5) |
| Cash and cash equivalents at beginning of year | — | — | 0.5 |
| Cash and cash equivalents at end of year | $— | $— | $— |
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