Evergy Inc

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 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 exhibits

Contents

Unaudited Consolidated Statements of Comprehensive Income

EVERGY METRO, INC.
Consolidated Statements of Comprehensive Income
(Unaudited)
	Three Months EndedJune 30		Year to Date June 30
	2024	2023	2024	2023
(millions)
OPERATING REVENUES	$474.0	$485.3	$894.9	$891.7
OPERATING EXPENSES:
Fuel and purchased power	145.5	142.0	282.1	257.4
Operating and maintenance	67.6	66.8	135.5	132.1
Depreciation and amortization	101.9	105.4	202.4	207.8
Taxes other than income tax	36.2	32.2	73.5	65.7
Total Operating Expenses	351.2	346.4	693.5	663.0
INCOME FROM OPERATIONS	122.8	138.9	201.4	228.7
OTHER INCOME (EXPENSE):
Investment earnings	1.2	1.0	2.8	1.7
Other income	2.3	1.4	2.4	4.2
Other expense	(3.6)	(9.8)	(7.2)	(18.8)
Total Other Expense, Net	(0.1)	(7.4)	(2.0)	(12.9)
Interest expense	38.4	35.0	76.0	65.6
INCOME BEFORE INCOME TAXES	84.3	96.5	123.4	150.2
Income tax expense	9.7	11.7	16.1	18.6
NET INCOME	$74.6	$84.8	$107.3	$131.6
COMPREHENSIVE INCOME
NET INCOME	$74.6	$84.8	$107.3	$131.6
OTHER COMPREHENSIVE INCOME:
Derivative hedging activity
Reclassification to expenses, net of tax	(0.1)	—	(0.2)	(0.1)
Derivative hedging activity, net of tax	(0.1)	—	(0.2)	(0.1)
Total other comprehensive loss	(0.1)	—	(0.2)	(0.1)
COMPREHENSIVE INCOME	$74.5	$84.8	$107.1	$131.5

EVERGY METRO, INC.
Consolidated Statements of Cash Flows
(Unaudited)
Year to Date June 30	2024	2023
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions)
Net income	$107.3	$131.6
Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization	202.4	207.8
Amortization of nuclear fuel	12.3	15.4
Amortization of deferred refueling outage	4.7	4.6
Net deferred income taxes and credits	3.0	15.2
Allowance for equity funds used during construction	(1.1)	(3.4)
Payments for asset retirement obligations	(2.3)	(0.6)
Other	(0.2)	(0.2)
Changes in working capital items:
Accounts receivable	(42.7)	(11.8)
Accounts receivable pledged as collateral	16.0	(1.0)
Fuel inventory and supplies	(5.3)	(1.2)
Prepaid expenses and other current assets	(10.9)	(17.1)
Accounts payable	(77.1)	(89.5)
Accrued taxes	49.1	59.0
Other current liabilities	(14.7)	(27.8)
Changes in other assets	(10.2)	8.1
Changes in other liabilities	8.7	(8.4)
Cash Flows from Operating Activities	239.0	280.7
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Additions to property, plant and equipment	(362.3)	(359.4)
Purchase of securities - trusts	(53.6)	(15.5)
Sale of securities - trusts	50.0	10.4
Net money pool lending	—	31.0
Other investing activities	1.2	2.8
Cash Flows used in Investing Activities	(364.7)	(330.7)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Short-term debt, net	(159.0)	200.5
Collateralized short-term debt, net	(16.0)	1.0
Proceeds from long-term debt	297.0	297.2
Retirements of long-term debt	—	(300.0)
Cash dividends paid	—	(150.0)
Other financing activities	3.0	2.7
Cash Flows from Financing Activities	125.0	51.4
NET CHANGE IN CASH AND CASH EQUIVALENTS	(0.7)	1.4
CASH AND CASH EQUIVALENTS:
Beginning of period	3.3	3.1
End of period	$2.6	$4.5

EVERGY METRO, INC
Consolidated Statements of Changes in Equity
(Unaudited)
	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, 2022	1	$1,563.1	$1,619.2	$4.0	$3,186.3
Net income	—	—	46.8	—	46.8
Derivative hedging activity, net of tax	—	—	—	(0.1)	(0.1)
Balance as of March 31, 2023	1	1,563.1	1,666.0	3.9	3,233.0
Net income	—	—	84.8	—	84.8
Dividends declared on common stock	—	—	(150.0)	—	(150.0)
Balance as of June 30, 2023	1	$1,563.1	$1,600.8	$3.9	$3,167.8
Balance as of December 31, 2023	1	$1,563.1	$1,626.2	$3.7	$3,193.0
Net income	—	—	32.7	—	32.7
Derivative hedging activity, net of tax	—	—	—	(0.1)	(0.1)
Balance as of March 31, 2024	1	1,563.1	1,658.9	3.6	3,225.6
Net income	—	—	74.6	—	74.6
Derivative hedging activity, net of tax	—	—	—	(0.1)	(0.1)
Balance as of June 30, 2024	1	$1,563.1	$1,733.5	$3.5	$3,300.1

EVERGY, INC.

EVERGY KANSAS CENTRAL, INC.

EVERGY METRO, INC.

Combined Notes to Unaudited Consolidated Financial Statements

The notes to unaudited consolidated financial statements that follow are a combined presentation for Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc., all registrants under this filing. The terms "Evergy," "Evergy Kansas Central," "Evergy Metro" and "Evergy Companies" are used throughout this report. "Evergy" refers to Evergy, Inc. and its consolidated subsidiaries, unless otherwise indicated. "Evergy Kansas Central" refers to Evergy Kansas Central, Inc. and its consolidated subsidiaries, unless otherwise indicated. "Evergy Metro" refers to Evergy Metro, Inc. and its consolidated subsidiaries, unless otherwise indicated. "Evergy Companies" refers to Evergy, Evergy Kansas Central and Evergy Metro, collectively, which are individual registrants within the Evergy consolidated group.

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.