WEC Energy Group (WEC) Financial Statements

Price: $106.81
Market Cap: $33.73B
Avg Volume: 2.26M
Country: US
Industry: Regulated Electric
Sector: Utilities
Beta: 0.443
52W Range: $77.47-110.19
Website: WEC Energy Group

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

Revenue
Cost of Revenue
Revenue and Costs$10.00B$10.00B$8.00B$8.00B$6.00B$6.00B$4.00B$4.00B$2.00B$2.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Operating Expenses
Operating Income
Operating Expenses & Income$2.50B$2.50B$2.00B$2.00B$1.50B$1.50B$1.00B$1.00B$500.00M$500.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
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

Total Assets
Total Liabilities
Total Assets and Liabilities$50.00B$50.00B$40.00B$40.00B$30.00B$30.00B$20.00B$20.00B$10.00B$10.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Equity$15.00B$15.00B$12.00B$12.00B$9.00B$9.00B$6.00B$6.00B$3.00B$3.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
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

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$4.00B$4.00B$2.00B$2.00B$0.00$0.00-$2.00B-$2.00B-$4.00B-$4.00B20162016201720172018201820192019202020202021202120222022202320232024202420252025
Financing Cash Flow$1.50B$1.50B$1.00B$1.00B$500.00M$500.00M$0.00$0.00-$500.00M-$500.00M-$1.00B-$1.00B20162016201720172018201820192019202020202021202120222022202320232024202420252025
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