WEC Energy Group, Inc. (WEC)

WEC Energy Group Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8,685	8,893	9,597	8,316	7,242	7,523
Revenue Growth (YoY)	-9.32%	-7.34%	15.41%	14.83%	-3.74%	-2.04%
Cost of Revenue	5,162	5,542	6,551	5,527	4,560	5,065
Gross Profit	3,523	3,351	3,047	2,789	2,682	2,458
Other Operating Expenses	1,471	1,443	1,123	1,074	975.9	926.3
Operating Expenses	1,471	1,443	1,123	1,074	975.9	926.3
Operating Income	2,052	1,908	1,924	1,715	1,706	1,531
Interest Expense / Income	746.7	726.9	515.1	471.1	493.7	501.5
Other Expense / Income	-360.5	-356.4	-323.1	-258	-216.6	-230.3
Pretax Income	1,666	1,538	1,732	1,502	1,429	1,260
Income Tax	218.2	204.6	322.9	200.3	227.9	125
Net Income	1,448	1,333	1,409	1,302	1,201	1,135
Preferred Dividends	1.2	1.2	1.2	1.2	1.2	1.2
Net Income Common	1,447	1,332	1,408	1,300	1,200	1,134
Net Income Growth	7.17%	-5.43%	8.29%	8.37%	5.81%	7.05%
Shares Outstanding (Basic)	316	315	315	315	315	315
Shares Outstanding (Diluted)	316	316	316	316	317	317
Shares Change	-	-0.06%	-0.06%	-0.06%	-0.06%	-0.06%
EPS (Basic)	4.58	4.22	4.46	4.12	3.80	3.60
EPS (Diluted)	4.59	4.22	4.45	4.11	3.79	3.58
EPS Growth	7.24%	-5.17%	8.27%	8.44%	5.87%	7.19%
Free Cash Flow	628.1	505.7	-279	-227.1	-46.3	84.7
Free Cash Flow Per Share	1.99	1.60	-0.89	-0.72	-0.15	0.27
Dividend Per Share	3.175	3.120	2.910	2.710	2.530	2.360
Dividend Growth	7.15%	7.22%	7.38%	7.11%	7.20%	6.79%
Gross Margin	40.56%	37.68%	31.75%	33.54%	37.04%	32.67%
Operating Margin	23.63%	21.46%	20.05%	20.62%	23.56%	20.36%
Profit Margin	16.65%	14.97%	14.67%	15.64%	16.57%	15.07%
Free Cash Flow Margin	7.23%	5.69%	-2.91%	-2.73%	-0.64%	1.13%
Effective Tax Rate	13.10%	13.31%	18.64%	13.34%	15.95%	9.92%
EBITDA	3,705	3,529	3,370	3,047	2,899	2,688
EBITDA Margin	42.66%	39.68%	35.11%	36.64%	40.03%	35.73%
Depreciation & Amortization	1,292	1,264	1,123	1,074	975.9	926.3
EBIT	2,413	2,264	2,247	1,973	1,923	1,762
EBIT Margin	27.78%	25.46%	23.42%	23.72%	26.55%	23.42%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).