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	1,558	1,527	1,332	1,408	1,300
Depreciation & Amortization	1,479	1,355	1,264	1,123	1,074
Loss (Gain) on Sale of Assets	-	-	-	-66.2	-6.2
Loss (Gain) on Equity Investments	-29.2	-57.4	-33	-74.3	-25.1
Asset Writedown	130	12.1	178.9	-	-
Change in Accounts Receivable	-411.8	-161.5	340.6	-342.1	-249.2
Change in Inventory	9.8	-38	41.9	-171.3	-107.2
Change in Accounts Payable	46.4	99.7	-254	121.5	126.9
Change in Income Taxes	36.1	-41	27.9	-	-
Change in Other Net Operating Assets	116.1	61.5	78	51.1	-77.3
Other Operating Activities	446	454.7	42.2	11.3	-3.8
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
Cash Acquisitions	-406.1	-993.7	-1,015	-382	-119.9
Investment in Securities	-142.4	-45.5	-63.7	-45.5	-
Other Investing Activities	71.9	17.8	13.4	31	39
Investing Cash Flow	-4,875	-3,803	-3,558	-2,642	-2,312
Short-Term Debt Issued	806.9	-	373.7	-	459.2
Long-Term Debt Issued	2,845	4,461	2,170	1,999	2,384
Total Debt Issued	3,651	4,461	2,544	1,999	2,843
Short-Term Debt Repaid	-	-902.8	-	-252.6	-340
Long-Term Debt Repaid	-1,729	-2,138	-1,005	-92.1	-1,260
Total Debt Repaid	-1,729	-3,041	-1,005	-344.7	-1,600
Net Debt Issued (Repaid)	1,923	1,420	1,538	1,655	1,243
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
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%	-	-	-
Free Cash Flow 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
Cash Interest Paid	858.5	785.7	653.4	485.2	473.8
Cash Income Tax Paid	-281.3	-264.2	-58.9	52.4	33.8
Levered Free Cash Flow	-2,139	-474.54	-156.7	-465.41	-818.95
Unlevered Free Cash Flow	-1,579	35.78	298.68	-142.73	-523.76
Change in Working Capital	-203.4	-79.3	234.4	-340.8	-306.8

Source: S&P Global Market Intelligence. Utility template. Financial Sources.