WEC ENERGY GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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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D. Statements of Cash Flows
| (in millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating activities | |||
| Net income attributed to common shareholders | $1,557.5 | $1,527.2 | $1,331.7 |
| Reconciliation to cash provided by operating activities | |||
| Equity income in subsidiaries, net of distributions | (669.2) | (931.8) | (566.8) |
| Deferred income taxes, net | (21.5) | (2.1) | (3.8) |
| Gain on debt extinguishments | — | (23.1) | — |
| Change in – | |||
| Accounts receivable from related parties | (0.5) | — | (2.0) |
| Prepaid income taxes | 1.4 | (16.3) | 35.4 |
| Other current assets | — | 0.2 | (0.1) |
| Accounts payable to related parties | 1.9 | 0.2 | 0.9 |
| Accrued interest | 1.3 | (3.6) | 42.1 |
| Other current liabilities | (0.8) | (0.6) | (0.7) |
| Other, net | 18.4 | 15.5 | 14.4 |
| Net cash provided by operating activities | 888.5 | 565.6 | 851.1 |
| Investing activities | |||
| Capital contributions to subsidiaries | (2,277.7) | (1,273.9) | (1,807.4) |
| Return of capital from subsidiaries | 537.9 | 846.6 | 175.2 |
| Short-term notes receivable from related parties, net | 0.2 | (47.2) | 14.9 |
| Issuance of long-term note receivable to WECI | (160.0) | — | — |
| Other, net | (14.7) | — | — |
| Net cash used in investing activities | (1,914.3) | (474.5) | (1,617.3) |
| Financing activities | |||
| Exercise of stock options | 39.1 | 23.7 | 6.3 |
| Issuance of common stock, net | 761.9 | 163.4 | — |
| Purchase of common stock | (1.3) | (3.2) | (16.6) |
| Dividends paid on common stock | (1,147.8) | (1,056.2) | (984.2) |
| Issuance of long-term debt | 1,500.0 | 2,475.0 | 2,050.0 |
| Retirement of long-term debt | (620.0) | (1,473.7) | (700.0) |
| Change in commercial paper | 320.2 | (314.3) | 297.3 |
| Short-term notes payable to related parties, net | 197.5 | 121.3 | 127.1 |
| Payments for debt extinguishment and issuance costs | (23.7) | (27.0) | (13.3) |
| Other, net | — | (0.1) | (0.4) |
| Net cash provided by (used in) financing activities | 1,025.9 | (91.1) | 766.2 |
| Net change in cash and cash equivalents | 0.1 | — | — |
| Cash and cash equivalents at beginning of year | — | — | — |
| Cash and cash equivalents at end of year | $0.1 | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.