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 Comprehensive Income

EVERGY METRO, INC.
Consolidated Statements of Comprehensive Income
Year Ended December 31	2023	2022	2021
(millions)
OPERATING REVENUES	$1,889.0	$1,970.6	$1,913.7
OPERATING EXPENSES:
Fuel and purchased power	530.9	630.7	613.5
Operating and maintenance	284.1	334.4	365.4
Depreciation and amortization	416.6	337.8	321.0
Taxes other than income tax	132.8	130.0	126.2
Other regulatory disallowances	—	5.5	—
Total Operating Expenses	1,364.4	1,438.4	1,426.1
INCOME FROM OPERATIONS	524.6	532.2	487.6
OTHER INCOME (EXPENSE):
Investment earnings	3.8	2.9	0.2
Other income	5.6	15.2	16.1
Other expense	(27.0)	(33.9)	(29.4)
Total Other Expense, Net	(17.6)	(15.8)	(13.1)
Interest expense	135.8	110.7	109.8
INCOME BEFORE INCOME TAXES	371.2	405.7	364.7
Income tax expense	39.2	50.3	52.4
NET INCOME	$332.0	$355.4	$312.3
COMPREHENSIVE INCOME
NET INCOME	$332.0	$355.4	$312.3
OTHER COMPREHENSIVE INCOME:
Derivative hedging activity
Reclassification to expenses, net of tax	(0.3)	(0.3)	(0.3)
Derivative hedging activity, net of tax	(0.3)	(0.3)	(0.3)
Total other comprehensive loss	(0.3)	(0.3)	(0.3)
COMPREHENSIVE INCOME	$331.7	$355.1	$312.0

EVERGY METRO, INC.
Consolidated Balance Sheets
	December 31
	2023	2022
ASSETS · (millions, except share amounts)
CURRENT ASSETS:
Cash and cash equivalents	$3.3	$3.1
Receivables, net of allowance for credit losses of $7.9 and $9.3, respectively	55.0	37.8
Related party receivables	128.5	170.4
Accounts receivable pledged as collateral	126.0	124.0
Fuel inventory and supplies	264.6	240.6
Income taxes receivable	—	0.2
Regulatory assets	53.2	42.3
Prepaid expenses	20.9	22.4
Other assets	14.7	11.0
Total Current Assets	666.2	651.8
PROPERTY, PLANT AND EQUIPMENT, NET	8,131.2	7,844.2
OTHER ASSETS:
Regulatory assets	380.8	331.5
Nuclear decommissioning trust fund	401.3	334.5
Other	77.0	87.2
Total Other Assets	859.1	753.2
TOTAL ASSETS	$9,656.5	$9,249.2

EVERGY METRO, INC.
Consolidated Balance Sheets
	December 31
	2023	2022
LIABILITIES AND EQUITY · (millions, except share amounts)
CURRENT LIABILITIES:
Current maturities of long-term debt	$—	$379.5
Commercial paper	423.3	111.0
Collateralized note payable	126.0	124.0
Accounts payable	272.5	252.3
Related party payables	1.1	0.9
Accrued taxes	45.7	40.5
Accrued interest	27.4	27.9
Regulatory liabilities	43.0	55.3
Asset retirement obligations	16.0	17.1
Accrued compensation and benefits	36.9	41.7
Other	58.3	49.2
Total Current Liabilities	1,050.2	1,099.4
LONG-TERM LIABILITIES:
Long-term debt, net	2,924.4	2,547.1
Deferred income taxes	797.2	720.9
Unamortized investment tax credits	111.3	114.7
Regulatory liabilities	860.2	872.8
Pension and post-retirement liability	190.8	196.6
Asset retirement obligations	444.4	427.1
Other	85.0	84.3
Total Long-Term Liabilities	5,413.3	4,963.5
Commitments and Contingencies (Note 15)
EQUITY:
Common stock - 1,000 shares authorized, without par value, 1 share issued, stated value	1,563.1	1,563.1
Retained earnings	1,626.2	1,619.2
Accumulated other comprehensive income	3.7	4.0
Total Equity	3,193.0	3,186.3
TOTAL LIABILITIES AND EQUITY	$9,656.5	$9,249.2

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.