WEC Energy Group, Inc. (WEC)

WEC Energy Group Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	9.8	42.9	28.9	16.3	24.8
Accounts Receivable	1,669	1,503	1,818	1,506	1,203
Inventory	813.2	775.2	807.1	635.8	528.6
Prepaid Expenses	297.5	250.7	271.6	245.5	263.4
Restricted Cash	-	70.1	25.6	19.6	-
Other Current Assets	121.9	153.6	236.1	233.8	63.4
Total Current Assets	2,912	2,796	3,188	2,657	2,083
Property, Plant & Equipment	34,645	31,614	29,130	27,002	25,728
Regulatory Assets	3,340	3,250	3,265	3,265	3,524
Goodwill	3,053	3,053	3,053	3,053	3,053
Other Intangible Assets	-	34.5	24.9	5.7	-
Long-Term Investments	2,109	2,006	1,909	1,789	1,764
Other Long-Term Assets	1,305	1,188	1,303	1,217	875.8
Total Assets	47,363	43,940	41,872	38,989	37,028
Accounts Payable	1,137	896.6	1,198	1,006	880.7
Short-Term Debt	1,117	2,021	1,647	1,897	1,777
Current Portion of Long-Term Debt	1,729	1,264	808.5	91	784.5
Current Portion of Leases	-	4.7	76.7	82.1	8.1
Other Current Liabilities	859.2	928.4	880.6	677.2	697.9
Total Current Liabilities	4,842	5,115	4,611	3,753	4,148
Long-Term Debt	17,178	15,367	14,656	13,472	11,673
Long-Term Leases	-	184.7	135.9	80.4	55.3
Long-Term Unearned Revenue	334.6	356.4	370.7	389.2	412.2
Pension & Post-Retirement Benefits	-	176	171.6	219	327
Long-Term Deferred Tax Liabilities	5,515	4,919	4,626	4,309	4,060
Other Long-Term Liabilities	6,692	5,751	5,685	5,653	5,690
Total Liabilities	34,561	31,868	30,256	27,875	26,366
Common Stock	3.2	3.2	3.2	3.2	3.2
Additional Paid-In Capital	4,316	4,116	4,115	4,138	4,144
Retained Earnings	8,084	7,613	7,265	6,775	6,330
Comprehensive Income & Other	-7.8	-7.7	-6.8	-3.2	-6.8
Total Common Equity	12,395	11,724	11,377	10,913	10,470
Minority Interest	406.9	347.3	239.7	200.1	192.8
Shareholders' Equity	12,802	12,072	11,617	11,113	10,663
Total Liabilities & Equity	47,363	43,940	41,872	38,989	37,028
Total Debt	20,024	18,841	17,324	15,623	14,298
Net Cash (Debt)	-20,014	-18,799	-17,295	-15,607	-14,273
Net Cash Per Share	-63.24	-59.51	-54.71	-49.34	-45.10
Filing Date Shares Outstanding	317.68	315.56	315.43	315.43	315.43
Total Common Shares Outstanding	317.68	315.43	315.43	315.43	315.43
Working Capital	-1,930	-2,319	-1,423	-1,096	-2,065
Book Value Per Share	39.02	37.17	36.07	34.60	33.19
Tangible Book Value	9,342	8,637	8,299	7,855	7,417
Tangible Book Value Per Share	29.41	27.38	26.31	24.90	23.51
Machinery	-	36,693	33,691	33,441	31,653
Construction In Progress	-	1,154	1,054	435.8	1,019

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