WEC Energy Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	8,893	9,597	8,316	7,242	7,523	7,680	7,649	7,472	5,926	4,997	Upgrade
Revenue Growth (YoY)	-7.34%	15.41%	14.83%	-3.74%	-2.04%	0.41%	2.36%	26.09%	18.59%	10.58%	Upgrade
Cost of Revenue	5,542	6,551	5,527	4,560	5,065	5,365	5,074	5,013	4,114	3,494	Upgrade
Gross Profit	3,351	3,047	2,789	2,682	2,458	2,314	2,575	2,459	1,812	1,504	Upgrade
Other Operating Expenses	1,443	1,123	1,074	975.9	926.3	845.8	798.6	762.6	561.8	391.4	Upgrade
Operating Expenses	1,443	1,123	1,074	975.9	926.3	845.8	798.6	762.6	561.8	391.4	Upgrade
Operating Income	1,908	1,924	1,715	1,706	1,531	1,468	1,776	1,696	1,251	1,112	Upgrade
Interest Expense / Income	726.9	515.1	471.1	493.7	501.5	445.1	415.7	402.7	331.4	240.3	Upgrade
Other Expense / Income	-356.4	-323.1	-258	-216.6	-230.3	-207	-228	-213.1	-155	-79.4	Upgrade
Pretax Income	1,538	1,732	1,502	1,429	1,260	1,230	1,588	1,507	1,074	951.2	Upgrade
Income Tax	204.6	322.9	200.3	227.9	125	169.8	383.5	566.5	433.8	361.7	Upgrade
Net Income	1,333	1,409	1,302	1,201	1,135	1,061	1,205	940.2	640.3	589.5	Upgrade
Preferred Dividends	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.8	1.2	Upgrade
Net Income Common	1,332	1,408	1,300	1,200	1,134	1,059	1,204	939	638.5	588.3	Upgrade
Net Income Growth	-5.43%	8.29%	8.37%	5.81%	7.05%	-12.00%	28.19%	47.06%	8.53%	1.89%	Upgrade
Shares Outstanding (Basic)	315	315	315	315	315	316	316	316	271	226	Upgrade
Shares Outstanding (Diluted)	316	316	316	317	317	317	317	317	273	228	Upgrade
Shares Change	-0.06%	-0.06%	-0.06%	-0.06%	-0.06%	-0.09%	0.09%	16.21%	19.87%	-0.96%	Upgrade
EPS (Basic)	4.22	4.46	4.12	3.80	3.60	3.36	3.81	2.98	2.36	2.61	Upgrade
EPS (Diluted)	4.22	4.45	4.11	3.79	3.58	3.34	3.79	2.96	2.34	2.59	Upgrade
EPS Growth	-5.17%	8.27%	8.44%	5.87%	7.19%	-11.87%	28.04%	26.50%	-9.65%	3.19%	Upgrade
Free Cash Flow	505.7	-279	-227.1	-46.3	84.7	329.8	119.1	680.1	27.4	437.7	Upgrade
Free Cash Flow Per Share	1.60	-0.89	-0.72	-0.15	0.27	1.04	0.38	2.15	0.10	1.94	Upgrade
Dividend Per Share	3.120	2.910	2.710	2.530	2.360	2.210	2.080	1.980	1.933	1.560	Upgrade
Dividend Growth	7.22%	7.38%	7.11%	7.20%	6.79%	6.25%	5.05%	2.43%	23.91%	7.96%	Upgrade
Gross Margin	37.68%	31.75%	33.54%	37.04%	32.67%	30.13%	33.66%	32.91%	30.58%	30.09%	Upgrade
Operating Margin	21.46%	20.05%	20.62%	23.56%	20.36%	19.12%	23.22%	22.70%	21.10%	22.25%	Upgrade
Profit Margin	14.97%	14.67%	15.64%	16.57%	15.07%	13.79%	15.74%	12.57%	10.77%	11.77%	Upgrade
Free Cash Flow Margin	5.69%	-2.91%	-2.73%	-0.64%	1.13%	4.29%	1.56%	9.10%	0.46%	8.76%	Upgrade
Effective Tax Rate	13.31%	18.64%	13.34%	15.95%	9.92%	13.80%	24.14%	37.60%	40.39%	38.03%	Upgrade
EBITDA	3,529	3,370	3,047	2,899	2,688	2,521	2,803	2,672	1,989	1,609	Upgrade
EBITDA Margin	39.68%	35.11%	36.64%	40.03%	35.73%	32.83%	36.64%	35.76%	33.56%	32.19%	Upgrade
Depreciation & Amortization	1,264	1,123	1,074	975.9	926.3	845.8	798.6	762.6	583.5	417	Upgrade
EBIT	2,264	2,247	1,973	1,923	1,762	1,675	2,004	1,909	1,406	1,192	Upgrade
EBIT Margin	25.46%	23.42%	23.72%	26.55%	23.42%	21.82%	26.20%	25.55%	23.72%	23.84%	Upgrade

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).