WEC Energy Group, Inc. (WEC)

WEC Energy Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	322.5	42.9	28.9	16.3	24.8	37.5
Accounts Receivable	1,176	1,503	1,818	1,506	1,203	1,177
Inventory	789.9	775.2	807.1	635.8	528.6	549.8
Prepaid Expenses	175.2	250.7	271.6	245.5	263.4	261.8
Restricted Cash	63.8	70.1	25.6	19.6	-	-
Other Current Assets	92.3	153.6	236.1	233.8	63.4	68
Total Current Assets	2,619	2,796	3,188	2,657	2,083	2,094
Property, Plant & Equipment	32,853	31,614	29,130	27,002	25,728	23,662
Regulatory Assets	3,347	3,250	3,265	3,265	3,524	3,507
Goodwill	3,053	3,053	3,053	3,053	3,053	3,053
Other Intangible Assets	29.3	34.5	24.9	5.7	-	-
Long-Term Investments	2,081	2,006	1,909	1,789	1,764	1,721
Other Long-Term Assets	1,215	1,188	1,303	1,217	875.8	916.4
Total Assets	45,197	43,940	41,872	38,989	37,028	34,952
Accounts Payable	740.7	896.6	1,198	1,006	880.7	908.1
Accrued Expenses	202.4	-	-	-	-	199.8
Short-Term Debt	597	2,021	1,647	1,897	1,777	830.8
Current Portion of Long-Term Debt	1,824	1,264	808.5	91	784.5	696
Current Portion of Leases	-	4.7	76.7	82.1	8.1	-
Other Current Liabilities	645.6	928.4	880.6	677.2	697.9	548
Total Current Liabilities	4,009	5,115	4,611	3,753	4,148	3,183
Long-Term Debt	16,622	15,367	14,656	13,472	11,673	11,168
Long-Term Leases	267.7	184.7	135.9	80.4	55.3	45.9
Long-Term Unearned Revenue	339.9	356.4	370.7	389.2	412.2	497.1
Pension & Post-Retirement Benefits	-	176	171.6	219	327	326.2
Long-Term Deferred Tax Liabilities	5,322	4,919	4,626	4,309	4,060	3,769
Other Long-Term Liabilities	6,245	5,751	5,685	5,653	5,690	5,708
Total Liabilities	32,805	31,868	30,256	27,875	26,366	24,697
Common Stock	3.2	3.2	3.2	3.2	3.2	3.2
Additional Paid-In Capital	4,191	4,116	4,115	4,138	4,144	4,187
Retained Earnings	7,895	7,613	7,265	6,775	6,330	5,928
Comprehensive Income & Other	-7.9	-7.7	-6.8	-3.2	-6.8	-4.1
Total Common Equity	12,082	11,724	11,377	10,913	10,470	10,113
Minority Interest	309.2	347.3	239.7	200.1	192.8	141.2
Shareholders' Equity	12,391	12,072	11,617	11,113	10,663	10,255
Total Liabilities & Equity	45,197	43,940	41,872	38,989	37,028	34,952
Total Debt	19,310	18,841	17,324	15,623	14,298	12,741
Net Cash (Debt)	-18,987	-18,799	-17,295	-15,607	-14,273	-12,704
Net Cash Per Share	-60.06	-59.51	-54.71	-49.34	-45.10	-40.11
Filing Date Shares Outstanding	316.35	315.56	315.43	315.43	315.43	315.43
Total Common Shares Outstanding	316.35	315.43	315.43	315.43	315.43	315.43
Working Capital	-1,390	-2,319	-1,423	-1,096	-2,065	-1,089
Book Value Per Share	38.19	37.17	36.07	34.60	33.19	32.06
Tangible Book Value	9,000	8,637	8,299	7,855	7,417	7,061
Tangible Book Value Per Share	28.45	27.38	26.31	24.90	23.51	22.38
Machinery	-	36,693	33,691	33,441	31,653	29,442
Construction In Progress	-	1,154	1,054	435.8	1,019	845.2

Source: S&P Capital IQ. Utility template. Financial Sources.