Evergy Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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FY2023 · Filed Feb 29, 2024

EVRG$88.44+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

EVERGY, INC.
Consolidated Statements of Cash Flows
Year Ended December 31	2023	2022	2021
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions)
Net income	$743.6	$765.0	$891.9
Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization	1,076.5	929.4	896.4
Amortization of nuclear fuel	62.4	55.5	51.4
Amortization of deferred refueling outage	18.2	22.3	25.1
Amortization of corporate-owned life insurance	25.1	25.0	24.1
Non-cash compensation	17.7	18.8	15.6
Net deferred income taxes and credits	(16.6)	7.3	102.2
Allowance for equity funds used during construction	(10.8)	(22.5)	(29.4)
Payments for asset retirement obligations	(21.8)	(13.0)	(22.6)
Equity in earnings of equity method investees, net of income taxes	(7.4)	(7.3)	(8.2)
Income from corporate-owned life insurance	(30.0)	(5.6)	(14.2)
Sibley Unit 3 impairment loss and other regulatory disallowances	—	34.9	—
Other	1.5	0.7	(13.8)
Changes in working capital items:
Accounts receivable	54.5	(59.8)	69.9
Accounts receivable pledged as collateral	17.0	(40.0)	41.0
Fuel inventory and supplies	(102.4)	(105.6)	(61.6)
Prepaid expenses and other current assets	136.6	(3.1)	(299.8)
Accounts payable	(47.2)	2.1	(55.1)
Accrued taxes	(8.6)	32.2	41.4
Other current liabilities	(43.8)	0.8	(19.4)
Changes in other assets	21.7	81.0	(251.5)
Changes in other liabilities	94.0	83.8	(31.7)
Cash Flows from Operating Activities	1,980.2	1,801.9	1,351.7
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Additions to property, plant and equipment	(2,334.0)	(2,166.5)	(1,972.5)
Acquisition of Persimmon Creek, net of cash acquired	(217.9)	—	—
Purchase of securities - trusts	(58.7)	(50.5)	(158.2)
Sale of securities - trusts	35.1	27.3	115.7
Investment in corporate-owned life insurance	(16.0)	(16.5)	(14.2)
Proceeds from investment in corporate-owned life insurance	118.7	35.2	77.0
Other investing activities	1.1	18.8	38.4
Cash Flows used in Investing Activities	(2,471.7)	(2,152.2)	(1,913.8)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Short-term debt, net	(381.9)	172.9	840.5
Proceeds from term loan facility	—	500.0	—
Repayment of term loan facility	(500.0)	—	—
Collateralized short-term borrowings, net	(17.0)	40.0	(41.0)
Issuance of common stock	—	—	112.5
Proceeds from long-term debt	2,444.8	567.7	497.3
Retirements of long-term debt	(439.5)	(410.9)	(432.0)
Retirements of long-term debt of variable interest entities	—	—	(18.8)
Borrowings against cash surrender value of corporate-owned life insurance	53.2	53.5	54.4
Repayment of borrowings against cash surrender value of corporate-owned life insurance	(89.8)	(28.0)	(62.3)
Cash dividends paid	(569.6)	(534.8)	(497.9)
Other financing activities	(6.2)	(11.1)	(9.3)
Cash Flows from Financing Activities	494.0	349.3	443.4
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	2.5	(1.0)	(118.7)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	25.2	26.2	144.9
End of period	$27.7	$25.2	$26.2

EVERGY, INC.
Consolidated Statements of Changes in Equity
	Evergy, Inc. Shareholders
	Common stock shares	Common stock	Retained earnings	AOCI	Non-controlling interests	Total equity
(millions, except share amounts)
Balance as of December 31, 2020	226,836,670	$7,080.0	$1,702.8	$(49.4)	$(14.9)	$8,718.5
Net income	—	—	879.7	—	12.2	891.9
Issuance of stock, net issuance costs	2,269,447	112.5	—	—	—	112.5
Issuance of stock compensation and reinvested dividends, net of tax withholding	139,729	(2.4)	—	—	—	(2.4)
Issuance of restricted common stock	54,054	2.9	—	—	—	2.9
Dividends declared on common stock ($2.178 per share)	—	—	(497.9)	—	—	(497.9)
Dividend equivalents declared	—	—	(1.7)	—	—	(1.7)
Stock compensation expense	—	13.8	—	—	—	13.8
Unearned compensation
Issuance of restricted common stock	—	(2.9)	—	—	—	(2.9)
Compensation expense recognized	—	1.8	—	—	—	1.8
Derivative hedging activity, net of tax	—	—	—	5.5	—	5.5
Change in unrecognized pension expense, net of tax	—	—	—	(0.1)	—	(0.1)
Other	—	(0.2)	—	—	—	(0.2)
Balance as of December 31, 2021	229,299,900	7,205.5	2,082.9	(44.0)	(2.7)	9,241.7
Net income	—	—	752.7	—	12.3	765.0
Issuance of stock compensation and reinvested dividends, net of tax withholding	246,205	(5.2)	—	—	—	(5.2)
Dividends declared on common stock ($2.33 per share)	—	—	(534.8)	—	—	(534.8)
Dividend equivalents declared	—	—	(2.3)	—	—	(2.3)
Stock compensation expense	—	18.1	—	—	—	18.1
Unearned compensation
Compensation expense recognized	—	0.7	—	—	—	0.7
Derivative hedging activity, net of tax	—	—	—	5.5	—	5.5
Change in unrecognized pension expense, net of tax	—	—	—	4.0	—	4.0
Other	—	0.6	—	—	—	0.6
Balance as of December 31, 2022	229,546,105	7,219.7	2,298.5	(34.5)	9.6	9,493.3
Net income	—	—	731.3	—	12.3	743.6
Issuance of stock compensation and reinvested dividends, net of tax withholding	183,191	(2.5)	—	—	—	(2.5)
Dividends declared on common stock ($2.48 per share)	—	—	(569.6)	—	—	(569.6)
Dividend equivalents declared	—	—	(2.4)	—	—	(2.4)
Stock compensation expense	—	17.5	—	—	—	17.5
Unearned compensation
Compensation expense recognized	—	0.2	—	—	—	0.2
Derivative hedging activity, net of tax	—	—	—	5.4	—	5.4
Change in unrecognized pension expense, net of tax	—	—	—	(0.5)	—	(0.5)
Balance as of December 31, 2023	229,729,296	$7,234.9	$2,457.8	$(29.6)	$21.9	$9,685.0

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