Evergy Inc

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

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

EVERGY KANSAS CENTRAL, INC.
Consolidated Statements of Income
Year Ended December 31	2023	2022	2021
(millions)
OPERATING REVENUES	$2,698.4	$3,055.9	$2,847.3
OPERATING EXPENSES:
Fuel and purchased power	592.6	855.5	638.7
SPP network transmission costs	302.6	323.0	290.4
Operating and maintenance	477.3	536.3	530.8
Depreciation and amortization	515.5	484.6	467.2
Taxes other than income tax	219.8	216.5	203.9
Total Operating Expenses	2,107.8	2,415.9	2,131.0
INCOME FROM OPERATIONS	590.6	640.0	716.3
OTHER INCOME (EXPENSE):
Investment earnings (loss)	3.4	(3.8)	1.3
Other income	34.3	14.4	27.0
Other expense	(38.7)	(39.6)	(35.9)
Total Other Expense, Net	(1.0)	(29.0)	(7.6)
Interest expense	214.6	181.8	160.3
INCOME BEFORE INCOME TAXES	375.0	429.2	548.4
Income tax expense (benefit)	(5.9)	12.3	51.7
Equity in earnings of equity method investees, net of income taxes	3.6	4.0	4.0
NET INCOME	384.5	420.9	500.7
Less: Net income attributable to noncontrolling interests	12.3	12.3	12.2
NET INCOME ATTRIBUTABLE TO EVERGY KANSAS CENTRAL, INC.	$372.2	$408.6	$488.5

EVERGY KANSAS CENTRAL, INC.
Consolidated Balance Sheets
	December 31
	2023	2022
ASSETS · (millions, except share amounts)
CURRENT ASSETS:
Cash and cash equivalents	$9.2	$8.7
Receivables, net of allowance for credit losses of $11.6 and $16.9, respectively	171.8	249.4
Related party receivables	11.6	7.9
Accounts receivable pledged as collateral	166.0	185.0
Fuel inventory and supplies	411.9	349.5
Income taxes receivable	11.5	—
Regulatory assets	127.7	121.9
Prepaid expenses	22.9	18.7
Other assets	13.2	28.8
Total Current Assets	945.8	969.9
PROPERTY, PLANT AND EQUIPMENT, NET	11,988.3	11,080.8
PROPERTY, PLANT AND EQUIPMENT OF VARIABLE INTEREST ENTITY, NET	133.6	140.7
OTHER ASSETS:
Regulatory assets	505.2	590.0
Nuclear decommissioning trust fund	365.1	318.8
Other	288.6	268.1
Total Other Assets	1,158.9	1,176.9
TOTAL ASSETS	$14,226.6	$13,368.3

EVERGY KANSAS CENTRAL, INC.
Consolidated Balance Sheets
	December 31
	2023	2022
LIABILITIES AND EQUITY · (millions, except share amounts)
CURRENT LIABILITIES:
Current maturities of long-term debt	$—	$50.0
Commercial paper	230.4	772.1
Collateralized note payable	166.0	185.0
Accounts payable	244.7	247.3
Related party payables	294.4	28.9
Accrued taxes	111.1	125.5
Accrued interest	79.7	72.6
Regulatory liabilities	104.1	72.1
Asset retirement obligations	22.2	21.3
Accrued compensation and benefits	37.6	39.4
Other	142.4	135.0
Total Current Liabilities	1,432.6	1,749.2
LONG-TERM LIABILITIES:
Long-term debt, net	4,580.4	3,886.9
Deferred income taxes	844.2	844.5
Unamortized investment tax credits	56.2	57.3
Regulatory liabilities	1,432.4	1,368.9
Pension and post-retirement liability	256.3	244.7
Asset retirement obligations	577.1	543.8
Other	155.5	165.6
Total Long-Term Liabilities	7,902.1	7,111.7
Commitments and Contingencies (Note 15)
EQUITY:
Evergy Kansas Central, Inc. Shareholder's Equity:
Common stock - 1,000 shares authorized, $0.01 par value, 1 share issued	2,737.6	2,737.6
Retained earnings	2,132.4	1,760.2
Total Evergy Kansas Central, Inc. Shareholder's Equity	4,870.0	4,497.8
Noncontrolling Interests	21.9	9.6
Total Equity	4,891.9	4,507.4
TOTAL LIABILITIES AND EQUITY	$14,226.6	$13,368.3

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.