Evergy Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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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Unaudited Consolidated Statements of Comprehensive Income
| EVERGY, INC. | ||||
|---|---|---|---|---|
| Consolidated Statements of Comprehensive Income | ||||
| (Unaudited) | ||||
| Three Months EndedSeptember 30 | Year to Date September 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| (millions, except per share amounts) | ||||
| OPERATING REVENUES | $1,811.4 | $1,669.3 | $4,589.9 | $4,320.3 |
| OPERATING EXPENSES: | ||||
| Fuel and purchased power | 433.7 | 478.4 | 1,169.1 | 1,177.4 |
| SPP network transmission costs | 99.7 | 75.4 | 272.4 | 232.0 |
| Operating and maintenance | 251.6 | 253.2 | 720.8 | 697.1 |
| Depreciation and amortization | 282.3 | 273.3 | 838.5 | 806.1 |
| Taxes other than income tax | 116.6 | 103.1 | 343.3 | 305.9 |
| Total Operating Expenses | 1,183.9 | 1,183.4 | 3,344.1 | 3,218.5 |
| INCOME FROM OPERATIONS | 627.5 | 485.9 | 1,245.8 | 1,101.8 |
| OTHER INCOME (EXPENSE): | ||||
| Investment earnings (loss) | (0.1) | 6.2 | 7.8 | 22.0 |
| Other income | 12.9 | 19.3 | 31.2 | 34.1 |
| Other expense | (9.8) | (12.8) | (30.7) | (55.1) |
| Total Other Income, Net | 3.0 | 12.7 | 8.3 | 1.0 |
| Interest expense | 143.9 | 136.8 | 420.7 | 393.6 |
| INCOME BEFORE INCOME TAXES | 486.6 | 361.8 | 833.4 | 709.2 |
| Income tax expense | 20.0 | 8.8 | 34.7 | 32.0 |
| Equity in earnings of equity method investees, net of income taxes | 2.0 | 1.6 | 5.8 | 5.3 |
| NET INCOME | 468.6 | 354.6 | 804.5 | 682.5 |
| Less: Net income attributable to noncontrolling interests | 3.0 | 3.0 | 9.2 | 9.2 |
| NET INCOME ATTRIBUTABLE TO EVERGY, INC. | $465.6 | $351.6 | $795.3 | $673.3 |
| BASIC AND DILUTED EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING ATTRIBUTABLE TO EVERGY, INC. (see Note 1) | ||||
| Basic earnings per common share | $2.02 | $1.53 | $3.45 | $2.93 |
| Diluted earnings per common share | $2.02 | $1.53 | $3.45 | $2.92 |
| AVERAGE COMMON SHARES OUTSTANDING | ||||
| Basic | 230.3 | 230.1 | 230.3 | 230.0 |
| Diluted | 230.6 | 230.5 | 230.5 | 230.5 |
| COMPREHENSIVE INCOME | ||||
| NET INCOME | $468.6 | $354.6 | $804.5 | $682.5 |
| Derivative hedging activity | ||||
| Reclassification to expenses, net of tax | 1.4 | 1.5 | 4.1 | 4.1 |
| Derivative hedging activity, net of tax | 1.4 | 1.5 | 4.1 | 4.1 |
| Defined benefit pension plans | ||||
| Amortization of net gains included in net periodic benefit costs, net of tax | (0.1) | (0.1) | (0.1) | (0.1) |
| Change in unrecognized pension expense, net of tax | (0.1) | (0.1) | (0.1) | (0.1) |
| Total other comprehensive income | 1.3 | 1.4 | 4.0 | 4.0 |
| COMPREHENSIVE INCOME | 469.9 | 356.0 | 808.5 | 686.5 |
| Less: Comprehensive income attributable to noncontrolling interest | 3.0 | 3.0 | 9.2 | 9.2 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO EVERGY, INC. | $466.9 | $353.0 | $799.3 | $677.3 |
| EVERGY, INC. | ||
|---|---|---|
| Consolidated Statements of Cash Flows | ||
| (Unaudited) | ||
| Year to Date September 30 | 2024 | 2023 |
| CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions) | ||
| Net income | $804.5 | $682.5 |
| Adjustments to reconcile income to net cash from operating activities: | ||
| Depreciation and amortization | 838.5 | 806.1 |
| Amortization of nuclear fuel | 40.1 | 46.8 |
| Amortization of deferred refueling outage | 13.3 | 13.7 |
| Amortization of corporate-owned life insurance | 18.7 | 19.4 |
| Stock compensation | 11.5 | 14.0 |
| Net deferred income taxes and credits | 24.2 | 18.6 |
| Allowance for equity funds used during construction | (13.4) | (6.6) |
| Payments for asset retirement obligations | (8.9) | (9.4) |
| Equity in earnings of equity method investees, net of income taxes | (5.8) | (5.3) |
| Income from corporate-owned life insurance | (18.0) | (26.2) |
| Other | (0.4) | 1.0 |
| Changes in working capital items: | ||
| Accounts receivable | (94.3) | (7.2) |
| Accounts receivable pledged as collateral | (83.0) | (36.0) |
| Fuel inventory and supplies | (40.8) | (66.3) |
| Prepaid expenses and other current assets | 146.1 | 105.9 |
| Accounts payable | (124.0) | (194.2) |
| Accrued taxes | 174.3 | 171.3 |
| Other current liabilities | (69.7) | (68.2) |
| Changes in other assets | (0.2) | 16.5 |
| Changes in other liabilities | (24.6) | 75.3 |
| Cash Flows from Operating Activities | 1,588.1 | 1,551.7 |
| CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | ||
| Additions to property, plant and equipment | (1,822.4) | (1,657.9) |
| Acquisition of Persimmon Creek, net of cash acquired | — | (217.9) |
| Purchase of securities - trusts | (78.7) | (30.7) |
| Sale of securities - trusts | 74.6 | 22.8 |
| Investment in corporate-owned life insurance | (15.0) | (15.4) |
| Proceeds from investment in corporate-owned life insurance | 54.0 | 118.2 |
| Other investing activities | (2.8) | (11.0) |
| Cash Flows used in Investing Activities | (1,790.3) | (1,791.9) |
| CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: | ||
| Short-term debt, net | 471.0 | 344.7 |
| Collateralized short-term borrowings, net | 83.0 | 36.0 |
| Proceeds from long-term debt | 919.6 | 690.3 |
| Retirements of long-term debt | (800.0) | (350.0) |
| Borrowings against cash surrender value of corporate-owned life insurance | 50.1 | 52.1 |
| Repayment of borrowings against cash surrender value of corporate-owned life insurance | (36.6) | (89.8) |
| Cash dividends paid | (443.2) | (422.0) |
| Other financing activities | (12.7) | (5.3) |
| Cash Flows from Financing Activities | 231.2 | 256.0 |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 29.0 | 15.8 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| Beginning of period | 27.7 | 25.2 |
| End of period | $56.7 | $41.0 |
| EVERGY, INC. | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Statements of Changes in Equity | |||||||||||
| (Unaudited) | |||||||||||
| Evergy, Inc. Shareholders | |||||||||||
| Common stock shares · Common stock · Retained earnings · AOCI · Non-controlling interests · Total equity | |||||||||||
| (millions, except share amounts) | |||||||||||
| Balance as of December 31, 2022 | 229,546,105 | $7,219.7 | $2,298.5 | $(34.5) | $9.6 | $9,493.3 | |||||
| Net income | — | — | 142.6 | — | 3.1 | 145.7 | |||||
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 130,594 | (2.4) | — | — | — | (2.4) | |||||
| Dividends declared on common stock ($0.6125 per share) | — | — | (140.7) | — | — | (140.7) | |||||
| Dividend equivalents declared | — | — | (0.4) | — | — | (0.4) | |||||
| Stock compensation expense | — | 4.7 | — | — | — | 4.7 | |||||
| Unearned compensation | |||||||||||
| Compensation expense recognized | — | 0.1 | — | — | — | 0.1 | |||||
| Derivative hedging activity, net of tax | — | — | — | 1.3 | — | 1.3 | |||||
| Other | — | 0.1 | — | — | — | 0.1 | |||||
| Balance as of March 31, 2023 | 229,676,699 | 7,222.2 | 2,300.0 | (33.2) | 12.7 | 9,501.7 | |||||
| Net income | — | — | 179.1 | — | 3.1 | 182.2 | |||||
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 25,010 | — | — | — | — | — | |||||
| Dividends declared on common stock ($0.6125 per share) | — | — | (140.7) | — | — | (140.7) | |||||
| Dividend equivalents declared | — | — | (0.6) | — | — | (0.6) | |||||
| Stock compensation expense | — | 6.6 | — | — | — | 6.6 | |||||
| Unearned compensation | |||||||||||
| Compensation expense recognized | — | 0.1 | — | — | — | 0.1 | |||||
| Derivative hedging activity, net of tax | — | — | — | 1.3 | — | 1.3 | |||||
| Other | — | 0.1 | — | — | — | 0.1 | |||||
| Balance as of June 30, 2023 | 229,701,709 | 7,229.0 | 2,337.8 | (31.9) | 15.8 | 9,550.7 | |||||
| Net income | — | — | 351.6 | — | 3.0 | 354.6 | |||||
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 14,801 | (0.1) | — | — | — | (0.1) | |||||
| Dividends declared on common stock ($0.6125 per share) | — | — | (140.6) | — | — | (140.6) | |||||
| Dividend equivalents declared | — | (0.8) | — | — | (0.8) | ||||||
| Stock compensation expense | — | 2.5 | — | — | — | 2.5 | |||||
| Derivative hedging activity, net of tax | — | — | — | 1.5 | — | 1.5 | |||||
| Change in unrecognized pension expense, net of tax | — | — | — | (0.1) | — | (0.1) | |||||
| Other | — | 0.1 | — | — | — | 0.1 | |||||
| Balance as of September 30, 2023 | 229,716,510 | $7,231.5 | $2,548.0 | $(30.5) | $18.8 | $9,767.8 | |||||
| EVERGY, INC. | ||||||
|---|---|---|---|---|---|---|
| Consolidated Statements of Changes in Equity | ||||||
| (Unaudited) | ||||||
| Evergy, Inc. Shareholders | ||||||
| Common stock shares | Common stock | Retained earnings | AOCI | Non-controlling interests | Total equity | |
| (millions, except share amounts) | ||||||
| Balance as of December 31, 2023 | 229,729,296 | $7,234.9 | $2,457.8 | $(29.6) | $21.9 | $9,685.0 |
| Net income | — | — | 122.7 | — | 3.1 | 125.8 |
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 193,042 | (4.0) | — | — | — | (4.0) |
| Dividends declared on common stock ($0.6425 per share) | — | — | (147.7) | — | — | (147.7) |
| Dividend equivalents declared | — | — | (0.4) | — | — | (0.4) |
| Stock compensation expense | — | 3.9 | — | — | — | 3.9 |
| Derivative hedging activity, net of tax | — | — | — | 1.3 | — | 1.3 |
| Other | — | 0.2 | — | — | — | 0.2 |
| Balance as of March 31, 2024 | 229,922,338 | 7,235.0 | 2,432.4 | (28.3) | 25.0 | 9,664.1 |
| Net income | — | — | 207.0 | — | 3.1 | 210.1 |
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 32,186 | (0.1) | — | — | — | (0.1) |
| Dividends declared on common stock ($0.6425 per share) | — | — | (147.7) | — | — | (147.7) |
| Dividend equivalents declared | — | — | (0.4) | — | — | (0.4) |
| Stock compensation expense | — | 4.2 | — | — | — | 4.2 |
| Derivative hedging activity, net of tax | — | — | — | 1.4 | — | 1.4 |
| Other | — | 0.1 | — | — | — | 0.1 |
| Balance as of June 30, 2024 | 229,954,524 | 7,239.2 | 2,491.3 | (26.9) | 28.1 | 9,731.7 |
| Net income | — | — | 465.6 | — | 3.0 | 468.6 |
| Issuance of stock compensation and reinvested dividends, net of tax withholding | 18,308 | (0.4) | — | — | — | (0.4) |
| Dividends declared on common stock ($0.6425 per share) | — | — | (147.8) | — | — | (147.8) |
| Dividend equivalents declared | — | — | (0.8) | — | — | (0.8) |
| Stock compensation expense | — | 3.4 | — | — | — | 3.4 |
| Derivative hedging activity, net of tax | — | — | — | 1.4 | — | 1.4 |
| Change in unrecognized pension expense, net of tax | — | — | — | (0.1) | — | (0.1) |
| Other | — | 0.2 | — | — | — | 0.2 |
| Balance as of September 30, 2024 | 229,972,832 | $7,242.4 | $2,808.3 | $(25.6) | $31.1 | $10,056.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.