Evergy Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
Contents
Segment Information
- SEGMENT INFORMATION
Evergy's chief operating decision maker is Evergy's President and Chief Executive Officer. The chief operating decision maker assesses Evergy's performance based on consolidated net income attributable to Evergy, Inc. (i.e., Evergy operates in a single reportable segment) and uses consolidated net income attributable to Evergy, Inc. to make resource allocation decisions and to compare actual results to budget. The measures of segment assets and expenditures for additions to long-lived assets are reported as total assets on the consolidated balance sheet and additions to property, plant and equipment on the consolidated statement of cash flows, respectively. See Note 1 for additional information regarding the operations of Evergy. This segment information is detailed in the following table.
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| (millions) | |||
| OPERATING REVENUES | $5,847.3 | $5,508.2 | $5,859.1 |
| Less: | |||
| 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: | |||
| Operations and customer | 616.3 | 594.8 | 656.9 |
| Support | 143.6 | 133.5 | 143.2 |
| Other segment items, including benefit costs(a) | 202.0 | 217.0 | 285.2 |
| 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 |
| Interest expense | 563.1 | 525.8 | 404.0 |
| Income tax expense | 30.0 | 15.6 | 47.5 |
| Net income attributable to noncontrolling interests | 12.3 | 12.3 | 12.3 |
| Plus: | |||
| Total other income (expense), net | 3.1 | (4.8) | (58.0) |
| Equity in earnings of equity method investees, net of income taxes | 7.8 | 7.4 | 7.3 |
| NET INCOME ATTRIBUTABLE TO EVERGY, INC. | $873.5 | $731.3 | $752.7 |
| (a) Other segment items include benefits expense associated with Operations, Customer and Support employees, regulatory amortization expense, expense associated with energy efficiency programs and bad debt expense, among other items. | |||
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