Evergy Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

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

Consolidated Statements of Cash Flows

EVERGY, INC.
Consolidated Statements of Cash Flows
Year Ended December 31	2024	2023	2022
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions)
Net income	$885.8	$743.6	$765.0
Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization	1,114.0	1,076.5	929.4
Amortization of nuclear fuel	56.5	62.4	55.5
Amortization of deferred refueling outage	17.2	18.2	22.3
Amortization of corporate-owned life insurance	23.8	25.1	25.0
Stock compensation	15.2	17.7	18.8
Net deferred income taxes and credits	(8.6)	(16.6)	7.3
Allowance for equity funds used during construction	(19.6)	(10.8)	(22.5)
Payments for asset retirement obligations	(12.1)	(21.8)	(13.0)
Equity in earnings of equity method investees, net of income taxes	(7.8)	(7.4)	(7.3)
Income from corporate-owned life insurance	(18.5)	(30.0)	(5.6)
Sibley Unit 3 impairment loss and other regulatory disallowances	—	—	34.9
Other	—	1.5	0.7
Changes in working capital items:
Accounts receivable	16.7	54.5	(59.8)
Accounts receivable pledged as collateral	(59.0)	17.0	(40.0)
Fuel inventory and supplies	(89.2)	(102.4)	(105.6)
Prepaid expenses and other current assets	156.5	136.6	(3.1)
Accounts payable	46.0	(47.2)	2.1
Accrued taxes	2.7	(8.6)	32.2
Other current liabilities	(80.7)	(43.8)	0.8
Changes in other assets	8.1	21.7	81.0
Changes in other liabilities	(63.3)	94.0	83.8
Cash Flows from Operating Activities	1,983.7	1,980.2	1,801.9
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Additions to property, plant and equipment	(2,336.6)	(2,334.0)	(2,166.5)
Acquisition of Persimmon Creek, net of cash acquired	—	(217.9)	—
Purchase of securities - trusts	(175.5)	(58.7)	(50.5)
Sale of securities - trusts	138.5	35.1	27.3
Investment in corporate-owned life insurance	(15.6)	(16.0)	(16.5)
Proceeds from investment in corporate-owned life insurance	101.6	118.7	35.2
Other investing activities	25.8	1.1	18.8
Cash Flows used in Investing Activities	(2,261.8)	(2,471.7)	(2,152.2)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Short-term debt, net	255.8	(381.9)	172.9
Proceeds from term loan facility	—	—	500.0
Repayment of term loan facility	—	(500.0)	—
Collateralized short-term borrowings, net	59.0	(17.0)	40.0
Proceeds from long-term debt	1,414.0	2,444.8	567.7
Retirements of long-term debt	(811.5)	(439.5)	(410.9)
Borrowings against cash surrender value of corporate-owned life insurance	51.5	53.2	53.5
Repayment of borrowings against cash surrender value of corporate-owned life insurance	(76.1)	(89.8)	(28.0)
Cash dividends paid	(596.7)	(569.6)	(534.8)
Other financing activities	(15.7)	(6.2)	(11.1)
Cash Flows from Financing Activities	280.3	494.0	349.3
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	2.2	2.5	(1.0)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	27.7	25.2	26.2
End of period	$29.9	$27.7	$25.2

EVERGY, INC.
Consolidated Statements of Changes in Equity
	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, 2021	229,299,900	$7,205.5	$2,082.9	$(44.0)	$(2.7)	$9,241.7
Net income	—	—	752.7	—	12.3	765.0
Issuance of stock compensation and reinvested dividends, net of tax withholding	246,205	(5.2)	—	—	—	(5.2)
Dividends declared on common stock ($2.33 per share)	—	—	(534.8)	—	—	(534.8)
Dividend equivalents declared	—	—	(2.3)	—	—	(2.3)
Stock compensation	—	18.1	—	—	—	18.1
Unearned compensation
Compensation expense recognized	—	0.7	—	—	—	0.7
Derivative hedging activity, net of tax	—	—	—	5.5	—	5.5
Change in unrecognized pension expense, net of tax	—	—	—	4.0	—	4.0
Other	—	0.6	—	—	—	0.6
Balance as of December 31, 2022	229,546,105	7,219.7	2,298.5	(34.5)	9.6	9,493.3
Net income	—	—	731.3	—	12.3	743.6
Issuance of stock compensation and reinvested dividends, net of tax withholding	183,191	(2.5)	—	—	—	(2.5)
Dividends declared on common stock ($2.48 per share)	—	—	(569.6)	—	—	(569.6)
Dividend equivalents declared	—	—	(2.4)	—	—	(2.4)
Stock compensation	—	17.5	—	—	—	17.5
Unearned compensation
Compensation expense recognized	—	0.2	—	—	—	0.2
Derivative hedging activity, net of tax	—	—	—	5.4	—	5.4
Change in unrecognized pension expense, net of tax	—	—	—	(0.5)	—	(0.5)
Balance as of December 31, 2023	229,729,296	7,234.9	2,457.8	(29.6)	21.9	9,685.0
Net income	—	—	873.5	—	12.3	885.8
Issuance of stock compensation and reinvested dividends, net of tax withholding	254,319	(4.8)	—	—	—	(4.8)
Dividends declared on common stock ($2.595 per share)	—	—	(596.7)	—	—	(596.7)
Dividend equivalents declared	—	—	(1.7)	—	—	(1.7)
Stock compensation	—	15.2	—	—	—	15.2
Derivative hedging activity, net of tax	—	—	—	5.4	—	5.4
Change in unrecognized pension expense, net of tax	—	—	—	0.4	—	0.4
Other	—	0.6	—	—	—	0.6
Balance as of December 31, 2024	229,983,615	$7,245.9	$2,732.9	$(23.8)	$34.2	$9,989.2

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