WEC ENERGY GROUP, INC.
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
WEC$117.01-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | Nine Months Ended | |
|---|---|---|
| (in millions) | 2025 | 2024 |
| Operating activities | ||
| Net income | $1,238.7 | $1,071.2 |
| Reconciliation to cash provided by operating activities | ||
| Depreciation and amortization | 1,102.2 | 1,010.5 |
| Deferred income taxes and ITCs, net | 296.2 | 368.3 |
| Contributions and payments related to pension and OPEB plans | (10.3) | (11.0) |
| Equity income in transmission affiliates, net of distributions | (17.5) | (29.3) |
| Change in – | ||
| Accounts receivable and unbilled revenues, net | 368.0 | 324.0 |
| Materials, supplies, and inventories | (29.4) | (14.7) |
| Prepaid taxes | 89.4 | 49.4 |
| Collateral on deposit | (27.0) | 47.7 |
| Other current assets | 33.1 | (1.8) |
| Accounts payable | (145.3) | (151.7) |
| Accrued interest | 88.8 | 48.0 |
| Other current liabilities | 7.1 | (75.2) |
| Other, net | (39.2) | (5.4) |
| Net cash provided by operating activities | 2,954.8 | 2,630.0 |
| Investing activities | ||
| Capital expenditures | (3,095.1) | (1,934.7) |
| Acquisition of Hardin III, net of cash acquired of $0.2 | (406.1) | — |
| Acquisition of West Riverside | — | (97.9) |
| Capital contributions to transmission affiliates | (142.4) | (45.5) |
| Proceeds from the sale of investments held in rabbi trust | 16.9 | 14.8 |
| Reimbursement for ATC's transmission infrastructure upgrades | 39.7 | 6.2 |
| Other, net | 16.5 | 3.9 |
| Net cash used in investing activities | (3,570.5) | (2,053.2) |
| Financing activities | ||
| Exercise of stock options | 37.6 | 13.4 |
| Issuance of common stock, net | 746.6 | 51.0 |
| Purchase of common stock | (1.3) | (3.2) |
| Dividends paid on common stock | (857.4) | (791.2) |
| Issuance of long-term debt | 1,944.6 | 2,672.4 |
| Retirement of long-term debt | (1,285.9) | (837.5) |
| Change in commercial paper | 141.7 | (1,424.8) |
| Purchase of additional ownership interest in Samson I from noncontrolling interest | — | (28.1) |
| Payments for debt extinguishment and issuance costs | (28.9) | (30.7) |
| Other, net | (5.8) | (2.3) |
| Net cash provided by (used in) financing activities | 691.2 | (381.0) |
| Net change in cash, cash equivalents, and restricted cash | 75.5 | 195.8 |
| Cash, cash equivalents, and restricted cash at beginning of period | 42.2 | 165.2 |
| Cash, cash equivalents, and restricted cash at end of period | $117.7 | $361.0 |
| 09/30/2025 Form 10-Q | 7 | WEC Energy Group, Inc. |
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