Evergy Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 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
Unaudited Consolidated Statements of Income
| EVERGY KANSAS CENTRAL, INC. | ||
|---|---|---|
| Consolidated Statements of Income | ||
| (Unaudited) | ||
| Three Months Ended March 31 | 2024 | 2023 |
| (millions) | ||
| OPERATING REVENUES | $693.2 | $678.6 |
| OPERATING EXPENSES: | ||
| Fuel and purchased power | 138.6 | 144.4 |
| SPP network transmission costs | 72.7 | 81.2 |
| Operating and maintenance | 116.3 | 107.6 |
| Depreciation and amortization | 139.1 | 124.1 |
| Taxes other than income tax | 63.2 | 55.7 |
| Total Operating Expenses | 529.9 | 513.0 |
| INCOME FROM OPERATIONS | 163.3 | 165.6 |
| OTHER INCOME (EXPENSE): | ||
| Investment earnings | 0.9 | 1.3 |
| Other income | 8.2 | 9.2 |
| Other expense | (3.7) | (9.9) |
| Total Other Income, Net | 5.4 | 0.6 |
| Interest expense | 55.8 | 52.4 |
| INCOME BEFORE INCOME TAXES | 112.9 | 113.8 |
| Income tax expense | 2.1 | 8.4 |
| Equity in earnings of equity method investees, net of income taxes | 0.8 | 1.0 |
| NET INCOME | 111.6 | 106.4 |
| Less: Net income attributable to noncontrolling interests | 3.1 | 3.1 |
| NET INCOME ATTRIBUTABLE TO EVERGY KANSAS CENTRAL, INC. | $108.5 | $103.3 |
| EVERGY KANSAS CENTRAL, INC. | ||
|---|---|---|
| Consolidated Statements of Cash Flows | ||
| (Unaudited) | ||
| Three Months Ended March 31 | 2024 | 2023 |
| CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions) | ||
| Net income | $111.6 | $106.4 |
| Adjustments to reconcile income to net cash from operating activities: | ||
| Depreciation and amortization | 139.1 | 124.1 |
| Amortization of nuclear fuel | 7.8 | 7.5 |
| Amortization of deferred refueling outage | 2.3 | 2.3 |
| Amortization of corporate-owned life insurance | 7.5 | 7.0 |
| Net deferred income taxes and credits | (5.3) | (11.6) |
| Allowance for equity funds used during construction | (3.2) | (0.5) |
| Payments for asset retirement obligations | (2.4) | (2.0) |
| Equity in earnings of equity method investees, net of income taxes | (0.8) | (1.0) |
| Income from corporate-owned life insurance | (7.5) | (8.6) |
| Other | (1.4) | (1.4) |
| Changes in working capital items: | ||
| Accounts receivable | 32.8 | 83.0 |
| Accounts receivable pledged as collateral | (16.0) | — |
| Fuel inventory and supplies | (10.4) | (20.1) |
| Prepaid expenses and other current assets | 1.6 | (2.1) |
| Accounts payable | (20.0) | (42.1) |
| Accrued taxes | 58.2 | 71.1 |
| Other current liabilities | (49.0) | 0.2 |
| Changes in other assets | (9.9) | 0.3 |
| Changes in other liabilities | (3.4) | 5.0 |
| Cash Flows from Operating Activities | 231.6 | 317.5 |
| CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | ||
| Additions to property, plant and equipment | (320.8) | (267.2) |
| Purchase of securities - trusts | (3.2) | (2.9) |
| Sale of securities - trusts | 1.6 | 1.9 |
| Investment in corporate-owned life insurance | (4.1) | (3.8) |
| Proceeds from investment in corporate-owned life insurance | 41.5 | 42.1 |
| Other investing activities | 1.3 | 1.0 |
| Cash Flows used in Investing Activities | (283.7) | (228.9) |
| CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: | ||
| Short-term debt, net | 31.1 | (449.1) |
| Collateralized short-term debt, net | 16.0 | — |
| Proceeds from long-term debt | — | 393.7 |
| Net money pool borrowings | 57.8 | — |
| Borrowings against cash surrender value of corporate-owned life insurance | 0.6 | 0.6 |
| Repayment of borrowings against cash surrender value of corporate-owned life insurance | (29.4) | (32.5) |
| Other financing activities | (0.7) | (0.6) |
| Cash Flows from (used in) Financing Activities | 75.4 | (87.9) |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 23.3 | 0.7 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| Beginning of period | 9.2 | 8.7 |
| End of period | $32.5 | $9.4 |
| EVERGY KANSAS CENTRAL, INC. | |||||
|---|---|---|---|---|---|
| Consolidated Statements of Changes in Equity | |||||
| (Unaudited) | |||||
| 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, 2022 | 1 | $2,737.6 | $1,760.2 | $9.6 | $4,507.4 |
| Net income | — | — | 103.3 | 3.1 | 106.4 |
| Balance as of March 31, 2023 | 1 | $2,737.6 | $1,863.5 | $12.7 | $4,613.8 |
| Balance as of December 31, 2023 | 1 | $2,737.6 | $2,132.4 | $21.9 | $4,891.9 |
| Net income | — | — | 108.5 | 3.1 | 111.6 |
| Balance as of March 31, 2024 | 1 | $2,737.6 | $2,240.9 | $25.0 | $5,003.5 |
The disclosures regarding Evergy Kansas Central included in the accompanying Unaudited Notes to Consolidated Financial Statements are an integral part of these statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.