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

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Contents

Consolidated Statements of Income

EVERGY KANSAS CENTRAL, INC.
Consolidated Statements of Income
Year Ended December 31	2024	2023	2022
(millions)
OPERATING REVENUES	$3,007.1	$2,698.4	$3,055.9
OPERATING EXPENSES:
Fuel and purchased power	557.1	592.6	855.5
SPP network transmission costs	370.9	302.6	323.0
Operating and maintenance	476.0	477.3	536.3
Depreciation and amortization	561.7	515.5	484.6
Taxes other than income tax	250.7	219.8	216.5
Total Operating Expenses	2,216.4	2,107.8	2,415.9
INCOME FROM OPERATIONS	790.7	590.6	640.0
OTHER INCOME (EXPENSE):
Investment earnings (loss)	2.7	3.4	(3.8)
Other income	28.7	34.3	14.4
Other expense	(18.7)	(38.7)	(39.6)
Total Other Income (Expense), Net	12.7	(1.0)	(29.0)
Interest expense	229.5	214.6	181.8
INCOME BEFORE INCOME TAXES	573.9	375.0	429.2
Income tax expense (benefit)	12.2	(5.9)	12.3
Equity in earnings of equity method investees, net of income taxes	3.3	3.6	4.0
NET INCOME	565.0	384.5	420.9
Less: Net income attributable to noncontrolling interests	12.3	12.3	12.3
NET INCOME ATTRIBUTABLE TO EVERGY KANSAS CENTRAL, INC.	$552.7	$372.2	$408.6

EVERGY KANSAS CENTRAL, INC.
Consolidated Balance Sheets
	December 31
	2024	2023
ASSETS · (millions, except share amounts)
CURRENT ASSETS:
Cash and cash equivalents	$3.7	$9.2
Receivables, net of allowance for credit losses of $7.8 and $11.6, respectively	133.1	171.8
Related party receivables	23.4	11.6
Accounts receivable pledged as collateral	215.0	166.0
Fuel inventory and supplies	472.5	411.9
Income taxes receivable	11.4	11.5
Regulatory assets	79.7	127.7
Prepaid expenses	30.2	22.9
Other	9.2	13.2
Total Current Assets	978.2	945.8
PROPERTY, PLANT AND EQUIPMENT, NET, includes $126.5 and $133.6 related to variable interest entity, respectively	12,880.1	12,121.9
OTHER ASSETS:
Regulatory assets	446.6	505.2
Nuclear decommissioning trust	407.9	365.1
Other	296.3	288.6
Total Other Assets	1,150.8	1,158.9
TOTAL ASSETS	$15,009.1	$14,226.6

EVERGY KANSAS CENTRAL, INC.
Consolidated Balance Sheets
	December 31
	2024	2023
LIABILITIES AND EQUITY · (millions, except share amounts)
CURRENT LIABILITIES:
Current maturities of long-term debt	$250.0	$—
Commercial paper	797.3	230.4
Collateralized note payable	215.0	166.0
Accounts payable	281.5	244.7
Related party payables	36.7	294.4
Accrued taxes	109.7	111.1
Accrued interest	79.2	79.7
Regulatory liabilities	76.6	104.1
Asset retirement obligations	16.5	22.2
Accrued compensation and benefits	35.4	37.6
Other	130.2	142.4
Total Current Liabilities	2,028.1	1,432.6
LONG-TERM LIABILITIES:
Long-term debt, net	4,333.5	4,580.4
Deferred income taxes	805.6	844.2
Unamortized investment tax credits	52.4	56.2
Regulatory liabilities	1,475.8	1,432.4
Pension and post-retirement liability	218.2	256.3
Asset retirement obligations	631.3	577.1
Other	179.3	155.5
Total Long-Term Liabilities	7,696.1	7,902.1
Commitments and Contingencies (Note 15)
EQUITY:
Evergy Kansas Central, Inc. Shareholder's Equity:
Common stock - 1,000 shares authorized, $0.01 par value, 1 share issued	2,737.6	2,737.6
Retained earnings	2,513.1	2,132.4
Total Evergy Kansas Central, Inc. Shareholder's Equity	5,250.7	4,870.0
Noncontrolling Interests	34.2	21.9
Total Equity	5,284.9	4,891.9
TOTAL LIABILITIES AND EQUITY	$15,009.1	$14,226.6

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.