WEC Energy Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,556	1,524	1,332	1,410	1,299
Depreciation & Amortization	1,479	1,355	1,264	1,123	1,074
Other Adjustments	455.6	469.2	348.6	38.7	59.2
Change in Receivables	-411.8	-161.5	340.6	-342.1	-249.2
Changes in Inventories	9.8	-38	41.9	-171.3	-107.2
Changes in Accounts Payable	46.4	99.7	-254	121.5	126.9
Changes in Accrued Expenses	86.5	13.8	56.5	126.9	-17.2
Changes in Other Operating Activities	158.9	-50.2	-111.1	-245.3	-152.6
Operating Cash Flow	3,379	3,212	3,018	2,061	2,033
Operating Cash Flow Growth	5.22%	6.41%	46.47%	1.38%	-7.44%
Capital Expenditures	-4,398	-2,781	-2,493	-2,315	-2,253
Sale of Property, Plant & Equipment	-	-	-	69	21.9
Proceeds from Sale of Investments	-	-	-	-	18.7
Payments for Business Acquisitions	-406.1	-993.7	-1,015	-382	-119.9
Other Investing Activities	-70.5	-27.7	-50.3	-14.5	20.3
Investing Cash Flow	-4,875	-3,803	-3,558	-2,642	-2,312
Short-Term Debt Repaid	806.9	-902.8	373.7	-252.6	119.2
Net Short-Term Debt Issued (Repaid)	806.9	-902.8	373.7	-252.6	119.2
Long-Term Debt Issued	2,845	4,461	2,170	1,999	2,384
Long-Term Debt Repaid	-1,729	-2,138	-1,005	-92.1	-1,260
Net Long-Term Debt Issued (Repaid)	1,116	2,323	1,165	1,907	1,123
Issuance of Common Stock	801	187.1	6.3	33.6	15.7
Repurchase of Common Stock	-1.3	-3.2	-16.6	-69.2	-33.1
Net Common Stock Issued (Repurchased)	799.7	183.9	-10.3	-35.6	-17.4
Common Dividends Paid	-1,148	-1,056	-984.2	-917.9	-854.8
Other Financing Activities	-50.4	-80.1	-21	-24.7	-76.4
Financing Cash Flow	1,524	467.7	522.8	676.4	294
Net Cash Flow	28.7	-123	-17	94.7	14.9
Free Cash Flow	-1,019	430.7	525.5	-254.2	-220.1
Free Cash Flow Growth	-	-18.04%	-	-	-
FCF Margin	-10.39%	5.01%	5.91%	-2.65%	-2.65%
Free Cash Flow Per Share	-3.15	1.36	1.66	-0.80	-0.70
Levered Free Cash Flow	862	1,546	1,375	1,702	1,214
Unlevered Free Cash Flow	-531.39	477.82	158.5	205.09	157.12

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.