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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| EVERGY KANSAS CENTRAL, INC. | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| Year Ended December 31 | 2023 | 2022 | 2021 |
| CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions) | |||
| Net income | $384.5 | $420.9 | $500.7 |
| Adjustments to reconcile income to net cash from operating activities: | |||
| Depreciation and amortization | 515.5 | 484.6 | 467.2 |
| Amortization of nuclear fuel | 30.9 | 27.6 | 25.6 |
| Amortization of deferred refueling outage | 9.1 | 10.6 | 12.6 |
| Amortization of corporate-owned life insurance | 25.1 | 25.0 | 24.1 |
| Net deferred income taxes and credits | (38.4) | (87.4) | (1.4) |
| Allowance for equity funds used during construction | (6.4) | (8.5) | (14.9) |
| Payments for asset retirement obligations | (9.8) | (6.9) | (6.2) |
| Equity in earnings of equity method investees, net of income taxes | (3.6) | (4.0) | (4.0) |
| Income from corporate-owned life insurance | (30.0) | (5.6) | (14.2) |
| Other | (5.5) | (5.5) | (5.5) |
| Changes in working capital items: | |||
| Accounts receivable | 70.6 | (11.0) | 23.5 |
| Accounts receivable pledged as collateral | 19.0 | (32.0) | 27.0 |
| Fuel inventory and supplies | (61.5) | (65.7) | (6.2) |
| Prepaid expenses and other current assets | 65.3 | 102.7 | (196.1) |
| Accounts payable | (26.4) | 2.9 | (39.1) |
| Accrued taxes | (25.9) | 29.0 | 20.3 |
| Other current liabilities | (26.0) | 22.8 | (55.0) |
| Changes in other assets | 4.6 | 42.3 | (48.3) |
| Changes in other liabilities | 126.8 | 4.0 | (10.0) |
| Cash Flows from Operating Activities | 1,017.9 | 945.8 | 700.1 |
| CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | |||
| Additions to property, plant and equipment | (1,196.8) | (918.9) | (835.7) |
| Acquisition of Persimmon Creek, net of cash acquired | (217.9) | — | — |
| Purchase of securities - trusts | (25.6) | (24.9) | (129.9) |
| Sale of securities - trusts | 8.3 | 11.2 | 97.5 |
| Investment in corporate-owned life insurance | (16.0) | (16.4) | (14.2) |
| Proceeds from investment in corporate-owned life insurance | 117.4 | 35.2 | 77.0 |
| Other investing activities | 13.3 | 11.0 | 26.5 |
| Cash Flows used in Investing Activities | (1,317.3) | (902.8) | (778.8) |
| CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: | |||
| Short-term debt, net | (542.4) | 366.1 | 354.0 |
| Collateralized short-term debt, net | (19.0) | 32.0 | (27.0) |
| Proceeds from long-term debt | 690.5 | — | — |
| Retirements of long-term debt | (50.0) | — | — |
| Retirements of long-term debt of variable interest entities | — | — | (18.8) |
| Net money pool borrowings | 261.4 | — | — |
| Borrowings against cash surrender value of corporate-owned life insurance | 50.2 | 51.6 | 51.4 |
| Repayment of borrowings against cash surrender value of corporate-owned life insurance | (88.6) | (28.0) | (62.3) |
| Cash dividends paid | — | (455.0) | (240.0) |
| Other financing activities | (2.2) | (4.1) | (4.2) |
| Cash Flows from (used in) Financing Activities | 299.9 | (37.4) | 53.1 |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 0.5 | 5.6 | (25.6) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | |||
| Beginning of period | 8.7 | 3.1 | 28.7 |
| End of period | $9.2 | $8.7 | $3.1 |
| EVERGY KANSAS CENTRAL, INC. | |||||
|---|---|---|---|---|---|
| Consolidated Statements of Changes in Equity | |||||
| Evergy Kansas Central, Inc. Shareholder | |||||
| Common stock shares | Common stock | Retained earnings | Non-controlling interests | Total equity | |
| (millions, except share amounts) | |||||
| Balance as of December 31, 2020 | 1 | $2,737.6 | $1,558.1 | $(14.9) | $4,280.8 |
| Net income | — | — | 488.5 | 12.2 | 500.7 |
| Dividends declared on common stock | — | — | (240.0) | — | (240.0) |
| Balance as of December 31, 2021 | 1 | 2,737.6 | 1,806.6 | (2.7) | 4,541.5 |
| Net income | — | — | 408.6 | 12.3 | 420.9 |
| Dividends declared on common stock | — | — | (455.0) | — | (455.0) |
| Balance as of December 31, 2022 | 1 | 2,737.6 | 1,760.2 | 9.6 | 4,507.4 |
| Net income | — | — | 372.2 | 12.3 | 384.5 |
| Balance as of December 31, 2023 | 1 | $2,737.6 | $2,132.4 | $21.9 | $4,891.9 |
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