Evergy Inc

For the period ended Mar 31, 2025. Filed May 8, 2025.

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.

Mar 31, 2025 · Filed May 8, 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

Unaudited Consolidated Statements of Comprehensive Income

EVERGY, INC.
Consolidated Statements of Comprehensive Income
(Unaudited)
Three Months Ended March 31	2025	2024
(millions, except per share amounts)
OPERATING REVENUES	$1,374.5	$1,331.0
OPERATING EXPENSES:
Fuel and purchased power	355.3	376.4
SPP network transmission costs	96.4	72.7
Operating and maintenance	232.0	231.5
Depreciation and amortization	288.1	276.1
Taxes other than income tax	111.1	114.1
Total Operating Expenses	1,082.9	1,070.8
INCOME FROM OPERATIONS	291.6	260.2
OTHER INCOME (EXPENSE):
Investment earnings	2.1	5.3
Other income	4.4	8.5
Other expense	(9.5)	(9.5)
Total Other Income (Expense), Net	(3.0)	4.3
Interest expense	152.5	133.2
INCOME BEFORE INCOME TAXES	136.1	131.3
Income tax expense	9.6	7.3
Equity in earnings of equity method investees, net of income taxes	1.6	1.8
NET INCOME	128.1	125.8
Less: Net income attributable to noncontrolling interests	3.1	3.1
NET INCOME ATTRIBUTABLE TO EVERGY, INC.	$125.0	$122.7
BASIC AND DILUTED EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING ATTRIBUTABLE TO EVERGY, INC. (see Note 1)
Basic earnings per common share	$0.54	$0.53
Diluted earnings per common share	$0.54	$0.53
AVERAGE COMMON SHARES OUTSTANDING
Basic	230.4	230.2
Diluted	232.1	230.4
COMPREHENSIVE INCOME
NET INCOME	$128.1	$125.8
Derivative hedging activity
Reclassification to expenses, net of tax	1.4	1.3
Derivative hedging activity, net of tax	1.4	1.3
Total other comprehensive income	1.4	1.3
Comprehensive income	129.5	127.1
Less: Comprehensive income attributable to noncontrolling interest	3.1	3.1
COMPREHENSIVE INCOME ATTRIBUTABLE TO EVERGY, INC.	$126.4	$124.0

EVERGY, INC.
Consolidated Statements of Cash Flows
(Unaudited)
Three Months Ended March 31	2025	2024
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: · (millions)
Net income	$128.1	$125.8
Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization	288.1	276.1
Amortization of nuclear fuel	16.2	15.7
Amortization of deferred refueling outage	4.2	4.6
Amortization of corporate-owned life insurance	6.6	7.5
Stock compensation	4.5	3.9
Net deferred income taxes and credits	(8.9)	(11.0)
Allowance for equity funds used during construction	(2.5)	(3.2)
Payments for asset retirement obligations	(3.5)	(4.4)
Equity in earnings of equity method investees, net of income taxes	(1.6)	(1.8)
Income from corporate-owned life insurance	(1.3)	(7.5)
Other	0.3	0.3
Changes in working capital items:
Accounts receivable	41.6	66.2
Accounts receivable pledged as collateral	—	(20.0)
Fuel inventory and supplies	(0.2)	(24.4)
Prepaid expenses and other current assets	(31.9)	(20.2)
Accounts payable	(155.3)	(152.9)
Accrued taxes	116.9	119.3
Other current liabilities	60.6	(37.1)
Changes in other assets	23.2	(10.4)
Changes in other liabilities	(35.5)	(9.2)
Cash Flows from Operating Activities	449.6	317.3
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Additions to property, plant and equipment	(592.8)	(618.6)
Purchase of securities - trusts	(26.8)	(19.5)
Sale of securities - trusts	21.9	14.8
Investment in corporate-owned life insurance	(4.2)	(4.1)
Proceeds from investment in corporate-owned life insurance	0.7	41.5
Other investing activities	2.3	2.7
Cash Flows used in Investing Activities	(598.9)	(583.2)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Short-term debt, net	(264.0)	139.7
Collateralized short-term borrowings, net	—	20.0
Proceeds from long-term debt	594.2	326.1
Borrowings against cash surrender value of corporate-owned life insurance	0.7	0.6
Repayment of borrowings against cash surrender value of corporate-owned life insurance	—	(29.4)
Cash dividends paid	(153.6)	(147.7)
Other financing activities	(5.7)	(5.7)
Cash Flows from Financing Activities	171.6	303.6
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	22.3	37.7
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	29.9	27.7
End of period	$52.2	$65.4

EVERGY, INC.
Consolidated Statements of Changes in Equity
(Unaudited)
	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, 2023	229,729,296	$7,234.9	$2,457.8	$(29.6)	$21.9	$9,685.0
Net income	—	—	122.7	—	3.1	125.8
Issuance of stock compensation and reinvested dividends, net of tax withholding	193,042	(4.0)	—	—	—	(4.0)
Dividends declared on common stock ($0.6425 per share)	—	—	(147.7)	—	—	(147.7)
Dividend equivalents declared	—	—	(0.4)	—	—	(0.4)
Stock compensation expense	—	3.9	—	—	—	3.9
Derivative hedging activity, net of tax	—	—	—	1.3	—	1.3
Other	—	0.2	—	—	—	0.2
Balance as of March 31, 2024	229,922,338	$7,235.0	$2,432.4	$(28.3)	$25.0	$9,664.1

Balance as of December 31, 2024	229,983,615	$7,245.9	$2,732.9	$(23.8)	$34.2	$9,989.2
Net income	—	—	125.0	—	3.1	128.1
Issuance of stock compensation and reinvested dividends, net of tax withholding	101,120	(2.3)	—	—	—	(2.3)
Dividends declared on common stock ($0.6675 per share)	—	—	(153.6)	—	—	(153.6)
Dividend equivalents declared	—	—	0.3	—	—	0.3
Stock compensation expense	—	4.5	—	—	—	4.5
Derivative hedging activity, net of tax	—	—	—	1.4	—	1.4
Other	—	0.3	—	—	—	0.3
Balance as of March 31, 2025	230,084,735	$7,248.4	$2,704.6	$(22.4)	$37.3	$9,967.9

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