
WEC Energy Group (WEC) Financial Statements
Price: $106.81
Market Cap: $33.73B
Avg Volume: 2.26M
Market Cap: $33.73B
Avg Volume: 2.26M
Country: US
Industry: Regulated Electric
Sector: Utilities
Industry: Regulated Electric
Sector: Utilities
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of WEC Energy Group.
Income Statement
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | $8.60B | $8.89B | $9.60B | $8.32B | $7.24B | $7.52B | $7.68B | $7.65B | $7.47B | $5.93B |
Cost of Revenue | $4.81B | $5.29B | $6.30B | $5.32B | $4.35B | $4.86B | $5.17B | $4.87B | $4.83B | $3.95B |
Gross Profit | $3.79B | $3.60B | $3.30B | $3.00B | $2.89B | $2.66B | $2.51B | $2.78B | $2.64B | $1.98B |
Gross Profit Ratio | 44.02% | 40.50% | 34.39% | 36.10% | 39.91% | 35.35% | 32.70% | 36.33% | 35.32% | 33.36% |
Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Selling General and Administrative Expenses | $- | $91.80M | $97.40M | $68.60M | $35.50M | $30.10M | $18.90M | $1.90M | $14.20M | $- |
Other Expenses | $1.63B | $1.60B | $1.38B | $1.28B | $1.18B | $1.13B | $70.30M | $64.60M | $80.80M | $58.90M |
Operating Expenses | $1.63B | $1.69B | $1.38B | $1.28B | $1.18B | $1.13B | $1.04B | $993.50M | $957.30M | $726.20M |
Cost and Expenses | $6.45B | $6.99B | $7.67B | $6.60B | $5.54B | $5.99B | $6.21B | $5.86B | $5.79B | $4.68B |
Interest Income | $17.20M | $- | $516.30M | $472.30M | $494.90M | $502.70M | $- | $- | $- | $- |
Interest Expense | $815.30M | $726.90M | $515.10M | $471.10M | $493.70M | $501.50M | $445.10M | $415.70M | $402.70M | $331.40M |
Depreciation and Amortization | $1.35B | $1.26B | $1.12B | $1.07B | $975.90M | $926.30M | $845.80M | $798.60M | $762.60M | $583.50M |
EBITDA | $3.52B | $3.53B | $3.15B | $2.86B | $2.72B | $2.49B | $2.34B | $2.58B | $2.44B | $1.83B |
EBITDA Ratio | 40.92% | 39.66% | 35.12% | 37.04% | 40.56% | 35.72% | 32.83% | 36.64% | 35.76% | 33.56% |
Operating Income | $2.15B | $1.91B | $1.92B | $1.71B | $1.71B | $1.53B | $1.47B | $1.79B | $1.68B | $1.25B |
Operating Income Ratio | 25.03% | 21.46% | 20.05% | 20.62% | 23.56% | 20.36% | 19.12% | 23.34% | 22.51% | 21.10% |
Total Other Income Expenses Net | $-406.50M | $-371.70M | $-191.60M | $-216.10M | $-276.80M | $-271.70M | $-238.10M | $-187.70M | $-189.60M | $-176.40M |
Income Before Tax | $1.75B | $1.54B | $1.73B | $1.50B | $1.43B | $1.26B | $1.23B | $1.59B | $1.51B | $1.07B |
Income Before Tax Ratio | 20.31% | 17.28% | 18.05% | 18.02% | 19.74% | 16.74% | 16.02% | 20.77% | 20.16% | 18.12% |
Income Tax Expense | $222.00M | $204.60M | $322.90M | $200.30M | $227.90M | $125.00M | $169.80M | $383.50M | $566.50M | $433.80M |
Net Income | $1.52B | $1.33B | $1.41B | $1.30B | $1.20B | $1.14B | $1.06B | $1.20B | $940.20M | $640.30M |
Net Income Ratio | 17.72% | 14.99% | 14.68% | 15.65% | 16.59% | 15.09% | 13.81% | 15.75% | 12.58% | 10.80% |
EPS | $4.81 | $4.22 | $4.46 | $4.12 | $3.80 | $3.60 | $3.36 | $3.81 | $2.98 | $2.36 |
EPS Diluted | $4.81 | $4.22 | $4.45 | $4.11 | $3.79 | $3.58 | $3.35 | $3.79 | $2.96 | $2.34 |
Weighted Average Shares Outstanding | 316.20M | 315.40M | 315.40M | 315.40M | 315.40M | 315.40M | 315.50M | 315.60M | 315.60M | 271.10M |
Weighted Average Shares Outstanding Diluted | 316.50M | 315.90M | 316.10M | 316.30M | 316.50M | 316.70M | 316.90M | 317.20M | 316.90M | 272.70M |
SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents | $9.80M | $42.90M | $28.90M | $16.30M | $24.80M | $37.50M | $84.50M | $38.90M | $37.50M | $49.80M |
Short Term Investments | $- | $- | $1.91B | $- | $- | $- | $- | $- | $- | $- |
Cash and Short Term Investments | $9.80M | $42.90M | $28.90M | $16.30M | $24.80M | $37.50M | $84.50M | $38.90M | $37.50M | $49.80M |
Net Receivables | $1.67B | $1.50B | $1.82B | $1.51B | $1.20B | $1.18B | $1.28B | $1.35B | $1.24B | $1.03B |
Inventory | $813.20M | $775.20M | $807.10M | $635.80M | $528.60M | $549.80M | $548.20M | $539.00M | $587.60M | $687.00M |
Other Current Assets | $419.40M | $474.40M | $533.30M | $498.90M | $326.80M | $329.80M | $334.00M | $284.90M | $301.90M | $441.40M |
Total Current Assets | $2.91B | $2.80B | $3.19B | $2.66B | $2.08B | $2.09B | $2.25B | $2.21B | $2.17B | $2.21B |
Property Plant Equipment Net | $34.65B | $31.58B | $29.11B | $26.98B | $25.71B | $23.62B | $22.00B | $21.35B | $19.92B | $19.19B |
Goodwill | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.02B |
Intangible Assets | $- | $- | $24.90M | $5.70M | $- | $- | $- | $- | $- | $13.90M |
Goodwill and Intangible Assets | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $3.02B |
Long Term Investments | $2.11B | $2.01B | $1.91B | $1.79B | $1.76B | $1.72B | $1.67B | $1.55B | $1.44B | $1.47B |
Tax Assets | $- | $- | $4.63B | $4.15B | $3.52B | $3.51B | $3.39B | $3.00B | $5.15B | $4.62B |
Other Non-Current Assets | $4.64B | $4.50B | $-17.00M | $361.10M | $896.50M | $957.80M | $1.12B | $423.30M | $-1.60B | $-1.15B |
Total Non-Current Assets | $44.45B | $41.14B | $38.68B | $36.33B | $34.95B | $32.86B | $31.23B | $29.38B | $27.95B | $27.15B |
Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Assets | $47.36B | $43.94B | $41.87B | $38.99B | $37.03B | $34.95B | $33.48B | $31.59B | $30.12B | $29.36B |
Account Payables | $1.14B | $896.60M | $1.20B | $1.01B | $880.70M | $908.10M | $876.40M | $859.90M | $861.50M | $815.40M |
Short Term Debt | $2.85B | $3.29B | $2.60B | $2.07B | $2.57B | $1.53B | $1.81B | $2.29B | $1.02B | $1.25B |
Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Deferred Revenue | $- | $- | $370.70M | $389.20M | $174.00M | $199.80M | $520.40M | $543.30M | $566.20M | $579.40M |
Other Current Liabilities | $859.20M | $933.10M | $811.90M | $-101.20M | $523.90M | $741.50M | $650.20M | $722.70M | $552.70M | $640.90M |
Total Current Liabilities | $4.84B | $5.11B | $4.61B | $3.75B | $4.15B | $3.18B | $3.33B | $3.87B | $2.43B | $2.71B |
Long Term Debt | $17.18B | $15.51B | $14.51B | $13.57B | $11.73B | $11.16B | $10.01B | $8.75B | $9.16B | $9.12B |
Deferred Revenue Non-Current | $- | $356.40M | $370.70M | $389.20M | $412.20M | $497.10M | $520.40M | $543.30M | $566.20M | $579.40M |
Deferred Tax Liabilities Non-Current | $5.51B | $4.92B | $4.63B | $4.31B | $4.06B | $3.77B | $3.39B | $3.00B | $5.15B | $4.62B |
Other Non-Current Liabilities | $7.03B | $5.97B | $6.14B | $5.86B | $6.02B | $6.08B | $6.38B | $5.94B | $3.86B | $3.64B |
Total Non-Current Liabilities | $29.72B | $26.75B | $25.64B | $24.12B | $22.22B | $21.51B | $20.30B | $18.23B | $18.73B | $17.96B |
Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Liabilities | $34.56B | $31.87B | $30.26B | $27.88B | $26.37B | $24.70B | $23.63B | $22.10B | $21.16B | $20.67B |
Preferred Stock | $- | $30.40M | $30.40M | $30.40M | $30.40M | $30.40M | $30.40M | $30.40M | $30.40M | $30.40M |
Common Stock | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M | $3.20M |
Retained Earnings | $8.08B | $7.61B | $7.27B | $6.78B | $6.33B | $5.93B | $5.54B | $5.18B | $4.61B | $4.30B |
Accumulated Other Comprehensive Income Loss | $-7.80M | $-7.70M | $-6.80M | $-3.20M | $-6.80M | $-4.10M | $-2.60M | $2.90M | $2.90M | $4.60M |
Other Total Stockholders Equity | $4.32B | $4.12B | $4.12B | $4.14B | $4.14B | $4.19B | $4.25B | $4.28B | $4.31B | $4.35B |
Total Stockholders Equity | $12.39B | $11.75B | $11.41B | $10.94B | $10.50B | $10.14B | $9.82B | $9.49B | $8.96B | $8.69B |
Total Equity | $12.77B | $12.07B | $11.62B | $11.11B | $10.66B | $10.25B | $9.84B | $9.52B | $8.99B | $8.72B |
Total Liabilities and Stockholders Equity | $47.36B | $43.94B | $41.87B | $38.99B | $37.03B | $34.95B | $33.48B | $31.59B | $30.12B | $29.36B |
Minority Interest | $376.50M | $316.90M | $209.30M | $169.70M | $162.40M | $110.80M | $23.40M | $30.40M | $30.40M | $30.40M |
Total Liabilities and Total Equity | $47.36B | $43.94B | $41.87B | $38.99B | $37.03B | $34.95B | $33.48B | $31.59B | $30.12B | $29.36B |
Total Investments | $2.11B | $2.01B | $3.82B | $1.79B | $1.76B | $1.72B | $1.67B | $1.55B | $1.44B | $1.47B |
Total Debt | $20.02B | $18.80B | $17.29B | $15.59B | $14.29B | $12.73B | $11.80B | $11.03B | $10.18B | $10.38B |
Net Debt | $20.01B | $18.75B | $17.27B | $15.57B | $14.27B | $12.70B | $11.71B | $10.99B | $10.14B | $10.33B |
Cash Flow Statement
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Net Income | $1.53B | $1.33B | $1.41B | $1.30B | $1.20B | $1.13B | $1.06B | $1.20B | $940.20M | $640.30M |
Depreciation and Amortization | $1.35B | $1.26B | $1.12B | $1.07B | $975.90M | $926.30M | $845.80M | $798.60M | $762.60M | $583.50M |
Deferred Income Tax | $- | $219.40M | $280.10M | $151.10M | $209.40M | $162.90M | $297.30M | $271.70M | $493.80M | $418.70M |
Stock Based Compensation | $6.40M | $- | $34.80M | $15.70M | $35.70M | $50.20M | $36.10M | $29.00M | $18.00M | $23.30M |
Change in Working Capital | $- | $234.40M | $-340.80M | $-306.80M | $-51.80M | $169.80M | $47.70M | $127.20M | $36.00M | $-7.80M |
Accounts Receivables | $- | $340.60M | $-282.10M | $-331.50M | $16.10M | $98.20M | $23.50M | $-86.40M | $-180.70M | $84.00M |
Inventory | $- | $41.90M | $-171.30M | $-107.20M | $21.20M | $-1.50M | $-8.80M | $49.30M | $100.00M | $-69.40M |
Accounts Payables | $99.70M | $-254.00M | $121.50M | $126.90M | $-61.30M | $1.50M | $110.60M | $8.50M | $34.40M | $-9.30M |
Other Working Capital | $- | $105.90M | $-8.90M | $5.00M | $-27.80M | $71.60M | $-54.10M | $69.40M | $-98.40M | $70.90M |
Other Non Cash Items | $323.70M | $-31.30M | $-445.70M | $-159.30M | $-109.80M | $-45.30M | $212.80M | $-318.00M | $-82.50M | $-341.10M |
Net Cash Provided by Operating Activities | $3.21B | $3.02B | $2.06B | $2.03B | $2.20B | $2.35B | $2.45B | $2.08B | $2.10B | $1.29B |
Investments in Property Plant and Equipment | $-2.78B | $-2.49B | $-2.33B | $-2.25B | $-2.24B | $-2.26B | $-2.12B | $-1.96B | $-1.42B | $-1.22B |
Acquisitions Net | $-1.04B | $-1.08B | $-427.50M | $-119.90M | $-625.70M | $-320.80M | $-354.90M | $-335.60M | $-42.30M | $-1.34B |
Purchases of Investments | $- | $- | $-45.50M | $-18.70M | $-37.80M | $2.26B | $-65.00M | $-113.30M | $-42.30M | $- |
Sales Maturities of Investments | $- | $10.40M | $15.40M | $18.70M | $56.20M | $200.00K | $118.60M | $8.70M | $- | $- |
Other Investing Activities | $17.80M | $3.00M | $149.30M | $60.90M | $39.30M | $-2.17B | $32.60M | $55.50M | $195.90M | $45.00M |
Net Cash Used for Investing Activities | $-3.80B | $-3.56B | $-2.64B | $-2.31B | $-2.81B | $-2.49B | $-2.38B | $-2.24B | $-1.27B | $-2.52B |
Debt Repayment | $1.42B | $1.54B | $1.65B | $1.24B | $1.55B | $925.60M | $782.20M | $864.90M | $-140.80M | $1.78B |
Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $30.10M |
Common Stock Repurchased | $-3.20M | $-16.60M | $-69.20M | $-33.10M | $-99.20M | $-140.10M | $-72.40M | $-71.30M | $-108.00M | $-127.40M |
Dividends Paid | $-1.06B | $-984.20M | $-917.90M | $-854.80M | $-798.00M | $-744.50M | $-697.30M | $-656.50M | $-624.90M | $-455.40M |
Other Financing Activities | $107.00M | $-13.90M | $8.90M | $-60.70M | $-54.40M | $44.60M | $13.90M | $24.30M | $28.00M | $-94.20M |
Net Cash Used Provided by Financing Activities | $467.70M | $522.80M | $676.40M | $294.00M | $601.10M | $85.60M | $26.40M | $161.40M | $-845.70M | $1.21B |
Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Net Change in Cash | $-123.00M | $-17.00M | $94.70M | $14.90M | $-9.70M | $-63.80M | $87.50M | $1.40M | $-12.30M | $-12.10M |
Cash at End of Period | $42.20M | $165.20M | $182.20M | $87.50M | $72.60M | $82.30M | $146.10M | $38.90M | $37.50M | $49.80M |
Cash at Beginning of Period | $165.20M | $182.20M | $87.50M | $72.60M | $82.30M | $146.10M | $58.60M | $37.50M | $49.80M | $61.90M |
Operating Cash Flow | $3.21B | $3.02B | $2.06B | $2.03B | $2.20B | $2.35B | $2.45B | $2.08B | $2.10B | $1.29B |
Capital Expenditure | $-2.78B | $-2.49B | $-2.33B | $-2.25B | $-2.24B | $-2.26B | $-2.12B | $-1.96B | $-1.42B | $-1.22B |
Free Cash Flow | $430.70M | $525.50M | $-273.40M | $-220.10M | $-42.80M | $84.70M | $329.80M | $120.10M | $679.80M | $69.70M |