Evergy Inc

For the period ended Sep 30, 2024. Filed Nov 7, 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.

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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Contents

Unaudited Consolidated Statements of Income

EVERGY KANSAS CENTRAL, INC.
Consolidated Statements of Income
(Unaudited)
	Three Months EndedSeptember 30		Year to Date September 30
	2024	2023	2024	2023
(millions)
OPERATING REVENUES	$917.5	$773.3	$2,338.0	$2,091.5
OPERATING EXPENSES:
Fuel and purchased power	183.1	212.3	445.7	470.5
SPP network transmission costs	99.7	75.4	272.4	232.0
Operating and maintenance	122.3	123.9	355.9	347.1
Depreciation and amortization	142.6	133.2	422.3	386.0
Taxes other than income tax	64.5	54.9	190.4	165.1
Total Operating Expenses	612.2	599.7	1,686.7	1,600.7
INCOME FROM OPERATIONS	305.3	173.6	651.3	490.8
OTHER INCOME (EXPENSE):
Investment earnings (loss)	1.7	(0.4)	3.0	1.3
Other income	9.8	18.3	25.5	28.6
Other expense	(5.2)	(10.2)	(14.7)	(28.8)
Total Other Income, Net	6.3	7.7	13.8	1.1
Interest expense	59.2	56.5	173.2	163.3
INCOME BEFORE INCOME TAXES	252.4	124.8	491.9	328.6
Income tax expense (benefit)	8.0	(7.9)	13.0	3.6
Equity in earnings of equity method investees, net of income taxes	0.8	0.6	2.4	2.6
NET INCOME	245.2	133.3	481.3	327.6
Less: Net income attributable to noncontrolling interests	3.0	3.0	9.2	9.2
NET INCOME ATTRIBUTABLE TO EVERGY KANSAS CENTRAL, INC.	$242.2	$130.3	$472.1	$318.4

EVERGY KANSAS CENTRAL, INC.
Consolidated Statements of Cash Flows
(Unaudited)
Year to Date September 30	2024	2023
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions)
Net income	$481.3	$327.6
Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization	422.3	386.0
Amortization of nuclear fuel	19.9	23.2
Amortization of deferred refueling outage	6.6	6.8
Amortization of corporate-owned life insurance	18.7	19.4
Net deferred income taxes and credits	25.3	(18.8)
Allowance for equity funds used during construction	(9.7)	(2.5)
Payments for asset retirement obligations	(5.6)	(6.3)
Equity in earnings of equity method investees, net of income taxes	(2.4)	(2.6)
Income from corporate-owned life insurance	(18.0)	(26.2)
Other	(4.1)	(4.1)
Changes in working capital items:
Accounts receivable	(17.6)	49.6
Accounts receivable pledged as collateral	(49.0)	(15.0)
Fuel inventory and supplies	(37.3)	(45.7)
Prepaid expenses and other current assets	67.8	41.6
Accounts payable	(8.3)	(52.2)
Accrued taxes	36.1	25.5
Other current liabilities	(102.5)	(30.6)
Changes in other assets	(10.6)	3.7
Changes in other liabilities	(11.3)	100.9
Cash Flows from Operating Activities	801.6	780.3
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Additions to property, plant and equipment	(962.1)	(855.8)
Acquisition of Persimmon Creek, net of cash acquired	—	(217.9)
Purchase of securities - trusts	(11.6)	(9.9)
Sale of securities - trusts	8.2	5.7
Investment in corporate-owned life insurance	(15.0)	(15.5)
Proceeds from investment in corporate-owned life insurance	51.3	117.0
Other investing activities	0.6	1.9
Cash Flows used in Investing Activities	(928.6)	(974.5)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Short-term debt, net	461.3	(112.6)
Collateralized short-term debt, net	49.0	15.0
Proceeds from long-term debt	—	393.3
Retirements of long-term debt	—	(50.0)
Net money pool borrowings	(261.4)	—
Borrowings against cash surrender value of corporate-owned life insurance	47.0	49.0
Repayment of borrowings against cash surrender value of corporate-owned life insurance	(34.0)	(88.6)
Cash dividends paid	(127.0)	—
Other financing activities	(5.1)	(1.6)
Cash Flows from Financing Activities	129.8	204.5
NET CHANGE IN CASH AND CASH EQUIVALENTS	2.8	10.3
CASH AND CASH EQUIVALENTS:
Beginning of period	9.2	8.7
End of period	$12.0	$19.0

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
Net income	—	—	84.8	3.1	87.9
Balance as of June 30, 2023	1	2,737.6	1,948.3	15.8	4,701.7
Net income	—	—	130.3	3.0	133.3
Balance as of September 30, 2023	1	$2,737.6	$2,078.6	$18.8	$4,835.0
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
Net income	—	—	121.4	3.1	124.5
Balance as of June 30, 2024	1	2,737.6	2,362.3	28.1	5,128.0
Net income	—	—	242.2	3.0	245.2
Dividends declared on common stock	—	—	(127.0)	—	(127.0)
Balance as of September 30, 2024	1	$2,737.6	$2,477.5	$31.1	$5,246.2

The disclosures regarding Evergy Kansas Central included in the accompanying Unaudited Notes to Consolidated Financial Statements are an integral part of these statements.

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