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

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Contents

Item 8. Consolidated Statements of Cash Flows

EVERGY METRO, INC.
Consolidated Statements of Cash Flows
Year Ended December 31	2023	2022	2021
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions)
Net income	$332.0	$355.4	$312.3
Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization	416.6	337.8	321.0
Amortization of nuclear fuel	31.5	27.9	25.8
Amortization of deferred refueling outage	9.1	11.7	12.6
Net deferred income taxes and credits	22.3	68.1	10.0
Allowance for equity funds used during construction	(4.4)	(14.2)	(12.6)
Payments for asset retirement obligations	(8.6)	(5.3)	(7.4)
Other regulatory disallowances	—	5.5	—
Other	(0.4)	(0.4)	(0.4)
Changes in working capital items:
Accounts receivable	(0.2)	5.1	43.2
Accounts receivable pledged as collateral	(2.0)	(8.0)	14.0
Fuel inventory and supplies	(24.0)	(29.6)	(40.6)
Prepaid expenses and other current assets	(15.3)	(6.2)	(16.3)
Accounts payable	(7.3)	(43.2)	(1.1)
Accrued taxes	5.4	1.7	6.9
Other current liabilities	(19.8)	(30.6)	44.0
Changes in other assets	14.2	59.1	61.5
Changes in other liabilities	(5.9)	(3.7)	(38.7)
Cash Flows from Operating Activities	743.2	731.1	734.2
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Additions to property, plant and equipment	(757.4)	(780.9)	(682.9)
Purchase of securities - trusts	(33.1)	(25.6)	(28.3)
Sale of securities - trusts	26.8	16.1	18.2
Net money pool lending	31.0	124.0	(55.0)
Other investing activities	3.5	6.2	6.8
Cash Flows used in Investing Activities	(729.2)	(660.2)	(741.2)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Short-term debt, net	312.3	111.0	—
Collateralized short-term debt, net	2.0	8.0	(14.0)
Proceeds from long-term debt	375.2	23.4	—
Retirements of long-term debt	(379.5)	(23.4)	—
Cash dividends paid	(325.0)	(190.0)	(50.0)
Other financing activities	1.2	1.1	1.5
Cash Flows used in Financing Activities	(13.8)	(69.9)	(62.5)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	0.2	1.0	(69.5)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	3.1	2.1	71.6
End of period	$3.3	$3.1	$2.1

EVERGY METRO, INC
Consolidated Statements of Changes in Equity
	Common stock shares	Common Stock	Retained earnings	AOCI - Net gains (losses) on cash flow hedges	Total Equity
(millions, except share amounts)
Balance as of December 31, 2020	1	$1,563.1	$1,191.5	$4.6	$2,759.2
Net income	—	—	312.3	—	312.3
Dividends declared on common stock	—	—	(50.0)	—	(50.0)
Derivative hedging activity, net of tax	—	—	—	(0.3)	(0.3)
Balance as of December 31, 2021	1	1,563.1	1,453.8	4.3	3,021.2
Net income	—	—	355.4	—	355.4
Dividends declared on common stock	—	—	(190.0)	—	(190.0)
Derivative hedging activity, net of tax	—	—	—	(0.3)	(0.3)
Balance as of December 31, 2022	1	1,563.1	1,619.2	4.0	3,186.3
Net income	—	—	332.0	—	332.0
Dividends declared on common stock	—	—	(325.0)	—	(325.0)
Derivative hedging activity, net of tax	—	—	—	(0.3)	(0.3)
Balance as of December 31, 2023	1	$1,563.1	$1,626.2	$3.7	$3,193.0

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.