Evergy Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 7, 2024
EVRG$87.99+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Taxes
- TAXES
Components of income tax expense are detailed in the following tables.
| Evergy | ||||
|---|---|---|---|---|
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Current income taxes · (millions) | ||||
| Federal | $(3.8) | $(17.3) | $7.1 | $(6.7) |
| State | (13.9) | 8.2 | 3.4 | 20.1 |
| Total | (17.7) | (9.1) | 10.5 | 13.4 |
| Deferred income taxes | ||||
| Federal | 47.8 | 25.7 | 52.0 | 38.9 |
| State | (8.3) | (5.9) | (22.4) | (14.8) |
| Total | 39.5 | 19.8 | 29.6 | 24.1 |
| Investment tax credit | ||||
| Deferral | — | 2.8 | — | 2.8 |
| Amortization | (1.8) | (4.7) | (5.4) | (8.3) |
| Total | (1.8) | (1.9) | (5.4) | (5.5) |
| Income tax expense | $20.0 | $8.8 | $34.7 | $32.0 |
| Evergy Kansas Central | ||||
|---|---|---|---|---|
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Current income taxes · (millions) | ||||
| Federal | $(30.5) | $(7.0) | $(16.0) | $14.5 |
| State | (3.6) | 3.0 | 3.7 | 7.9 |
| Total | (34.1) | (4.0) | (12.3) | 22.4 |
| Deferred income taxes | ||||
| Federal | 45.9 | (1.1) | 35.7 | (11.8) |
| State | (2.8) | (1.8) | (7.5) | (4.1) |
| Total | 43.1 | (2.9) | 28.2 | (15.9) |
| Investment tax credit | ||||
| Deferral | — | 2.9 | — | 2.9 |
| Amortization | (1.0) | (3.9) | (2.9) | (5.8) |
| Total | (1.0) | (1.0) | (2.9) | (2.9) |
| Income tax expense (benefit) | $8.0 | $(7.9) | $13.0 | $3.6 |
| Evergy Metro | ||||
|---|---|---|---|---|
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Current income taxes · (millions) | ||||
| Federal | $28.5 | $0.1 | $34.4 | $(1.7) |
| State | (5.3) | 3.7 | 1.9 | 8.9 |
| Total | 23.2 | 3.8 | 36.3 | 7.2 |
| Deferred income taxes | ||||
| Federal | 7.4 | 23.0 | 18.2 | 43.5 |
| State | (3.4) | (2.2) | (9.6) | (5.8) |
| Total | 4.0 | 20.8 | 8.6 | 37.7 |
| Investment tax credit amortization | (0.8) | (0.9) | (2.4) | (2.6) |
| Income tax expense | $26.4 | $23.7 | $42.5 | $42.3 |
Effective Income Tax Rates
Effective income tax rates reflected in the financial statements and the reasons for their differences from the statutory federal rates are detailed in the following tables.
| Evergy | ||||
|---|---|---|---|---|
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Federal statutory income tax | 21.0% | 21.0% | 21.0% | 21.0% |
| COLI policies | (1.2) | (1.8) | (1.2) | (1.6) |
| State income taxes | (3.7) | (0.5) | (1.9) | (0.2) |
| Flow through depreciation for plant-related differences | (4.3) | (9.9) | (6.1) | (8.7) |
| Federal tax credits | (6.8) | (6.7) | (6.7) | (5.9) |
| Non-controlling interest | (0.3) | (0.4) | (0.3) | (0.3) |
| AFUDC equity | (0.4) | 0.2 | (0.4) | (0.2) |
| Amortization of federal investment tax credits | (0.6) | (0.8) | (0.6) | (0.7) |
| Valuation allowance | — | 1.0 | — | 0.6 |
| Officer compensation limitation | 0.1 | 0.3 | 0.1 | 0.3 |
| Other | 0.3 | — | 0.3 | 0.2 |
| Effective income tax rate | 4.1% | 2.4% | 4.2% | 4.5% |
| Evergy Kansas Central | ||||
|---|---|---|---|---|
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Federal statutory income tax | 21.0% | 21.0% | 21.0% | 21.0% |
| COLI policies | (1.9) | (4.3) | (1.9) | (3.1) |
| State income taxes | (2.1) | (2.3) | (0.8) | (0.5) |
| Flow through depreciation for plant-related differences | (2.5) | (6.2) | (4.0) | (4.5) |
| Federal tax credits | (10.2) | (16.3) | (10.4) | (11.7) |
| Non-controlling interest | (0.4) | (0.9) | (0.4) | (0.7) |
| AFUDC equity | (0.5) | 0.3 | (0.5) | (0.2) |
| Amortization of federal investment tax credits | (0.4) | (0.8) | (0.4) | (0.6) |
| Valuation allowance | — | 2.8 | — | 1.1 |
| Other | 0.1 | 0.4 | — | 0.3 |
| Effective income tax rate | 3.1% | (6.3)% | 2.6% | 1.1% |
| Evergy Metro | ||||
|---|---|---|---|---|
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Federal statutory income tax | 21.0% | 21.0% | 21.0% | 21.0% |
| COLI policies | (0.1) | (0.1) | (0.1) | (0.1) |
| State income taxes | (3.3) | 0.6 | (1.8) | 0.7 |
| Flow through depreciation for plant-related differences | (3.6) | (8.7) | (5.2) | (8.5) |
| Federal tax credits | (0.7) | (0.3) | (0.7) | (0.2) |
| AFUDC equity | (0.3) | 0.2 | (0.2) | (0.3) |
| Amortization of federal investment tax credits | (0.8) | (0.9) | (0.8) | (0.9) |
| Stock compensation | — | — | 0.2 | 0.2 |
| Officer compensation limitation | 0.3 | 0.5 | 0.3 | 0.5 |
| Other | — | (0.1) | — | (0.1) |
| Effective income tax rate | 12.5% | 12.2% | 12.7% | 12.3% |
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