Evergy Inc

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

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FY2024 · Filed Feb 27, 2025

EVRG$88.44+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income

EVERGY, INC.
Consolidated Statements of Comprehensive Income
Year Ended December 31	2024	2023	2022
(millions, except per share amounts)
OPERATING REVENUES	$5,847.3	$5,508.2	$5,859.1
OPERATING EXPENSES:
Fuel and purchased power	1,479.9	1,494.8	1,821.2
SPP network transmission costs	370.9	302.6	323.0
Operating and maintenance	961.9	945.3	1,085.3
Depreciation and amortization	1,114.0	1,076.5	929.4
Taxes other than income tax	452.6	406.6	398.1
Sibley Unit 3 impairment loss and other regulatory disallowances	—	—	34.9
Total Operating Expenses	4,379.3	4,225.8	4,591.9
INCOME FROM OPERATIONS	1,468.0	1,282.4	1,267.2
OTHER INCOME (EXPENSE):
Investment earnings	4.6	29.7	9.4
Other income	38.9	40.6	29.9
Other expense	(40.4)	(75.1)	(97.3)
Total Other Income (Expense), Net	3.1	(4.8)	(58.0)
Interest expense	563.1	525.8	404.0
INCOME BEFORE INCOME TAXES	908.0	751.8	805.2
Income tax expense	30.0	15.6	47.5
Equity in earnings of equity method investees, net of income taxes	7.8	7.4	7.3
NET INCOME	885.8	743.6	765.0
Less: Net income attributable to noncontrolling interests	12.3	12.3	12.3
NET INCOME ATTRIBUTABLE TO EVERGY, INC.	$873.5	$731.3	$752.7
BASIC AND DILUTED EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING ATTRIBUTABLE TO EVERGY, INC. (see Note 1)
Basic earnings per common share	$3.79	$3.18	$3.27
Diluted earnings per common share	$3.79	$3.17	$3.27
AVERAGE COMMON SHARES OUTSTANDING
Basic	230.3	230.0	229.9
Diluted	230.6	230.5	230.3
COMPREHENSIVE INCOME
NET INCOME	$885.8	$743.6	$765.0
Derivative hedging activity
Reclassification to expenses, net of tax	5.4	5.4	5.5
Derivative hedging activity, net of tax	5.4	5.4	5.5
Defined benefit pension plans
Net gain (loss) arising during period	0.7	(0.5)	5.0
Income tax (expense) benefit	(0.1)	0.1	(1.2)
Net gain (loss) arising during period, net of tax	0.6	(0.4)	3.8
Amortization of net (gains) losses included in net periodic benefit costs, net of tax	(0.2)	(0.1)	0.2
Change in unrecognized pension expense, net of tax	0.4	(0.5)	4.0
Total other comprehensive income	5.8	4.9	9.5
Comprehensive income	891.6	748.5	774.5
Less: Comprehensive income attributable to noncontrolling interest	12.3	12.3	12.3
COMPREHENSIVE INCOME ATTRIBUTABLE TO EVERGY, INC.	$879.3	$736.2	$762.2

EVERGY, INC.
Consolidated Balance Sheets
	December 31
	2024	2023
ASSETS · (millions, except share amounts)
CURRENT ASSETS:
Cash and cash equivalents	$22.0	$27.7
Receivables, net of allowance for credit losses of $15.7 and $24.2, respectively	245.4	256.9
Accounts receivable pledged as collateral	401.0	342.0
Fuel inventory and supplies	867.4	776.2
Income taxes receivable	11.1	11.5
Regulatory assets, includes $15.9 and $— related to variable interest entity, respectively	180.9	292.1
Prepaid expenses	66.1	51.3
Other	45.4	31.4
Total Current Assets	1,839.3	1,789.1
PROPERTY, PLANT AND EQUIPMENT, NET, includes $126.5 and $133.6 related to variable interest entity, respectively	24,930.9	23,728.7
OTHER ASSETS:
Regulatory assets, includes $294.5 and $— related to variable interest entity, respectively	1,719.3	1,795.3
Nuclear decommissioning trust	879.8	766.4
Goodwill	2,336.6	2,336.6
Other	576.2	560.0
Total Other Assets	5,511.9	5,458.3
TOTAL ASSETS	$32,282.1	$30,976.1

EVERGY, INC.
Consolidated Balance Sheets
	December 31
	2024	2023
LIABILITIES AND EQUITY · (millions, except share amounts)
CURRENT LIABILITIES:
Current maturities of long-term debt, includes $16.2 and $— related to variable interest entity, respectively	$651.7	$800.0
Commercial paper	1,207.6	951.8
Collateralized note payable	401.0	342.0
Accounts payable	613.8	616.9
Accrued taxes	159.0	156.7
Accrued interest, includes $1.3 and $— related to variable interest entity, respectively	136.4	134.2
Regulatory liabilities	173.8	183.0
Asset retirement obligations	28.7	40.3
Accrued compensation and benefits	73.0	74.5
Other	217.4	213.2
Total Current Liabilities	3,662.4	3,512.6
LONG-TERM LIABILITIES:
Long-term debt, net, includes $295.7 and $— related to variable interest entity, respectively	11,809.2	11,053.3
Deferred income taxes	2,035.7	2,097.9
Unamortized investment tax credits	162.8	170.0
Regulatory liabilities	2,672.0	2,542.5
Pension and post-retirement liability	371.3	464.1
Asset retirement obligations	1,268.3	1,162.8
Other	311.2	287.9
Total Long-Term Liabilities	18,630.5	17,778.5
Commitments and Contingencies (Note 15)
EQUITY:
Evergy, Inc. Shareholders' Equity:
Common stock - 600,000,000 shares authorized, without par value 229,983,615 and 229,729,296 shares issued, stated value	7,245.9	7,234.9
Retained earnings	2,732.9	2,457.8
Accumulated other comprehensive loss	(23.8)	(29.6)
Total Evergy, Inc. Shareholders' Equity	9,955.0	9,663.1
Noncontrolling Interests	34.2	21.9
Total Equity	9,989.2	9,685.0
TOTAL LIABILITIES AND EQUITY	$32,282.1	$30,976.1

ContentsView on SEC.gov

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