WEC Energy Group, Inc. (WEC)

WEC Energy Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	82.2	9.8	42.9	28.9	16.3	24.8
Accounts Receivable	1,812	1,669	1,503	1,818	1,506	1,203
Inventory	576	813.2	775.2	807.1	635.8	528.6
Prepaid Expenses	247.8	297.5	250.7	271.6	245.5	263.4
Restricted Cash	39.8	5.3	70.1	25.6	19.6	-
Other Current Assets	185.1	116.6	153.6	236.1	233.8	63.4
Total Current Assets	2,943	2,912	2,796	3,188	2,657	2,083
Property, Plant & Equipment	35,480	34,678	31,614	29,130	27,002	25,728
Regulatory Assets	3,283	3,340	3,250	3,265	3,265	3,524
Goodwill	3,053	3,053	3,053	3,053	3,053	3,053
Other Intangible Assets	34.5	34.5	34.5	24.9	5.7	-
Long-Term Investments	2,149	2,109	2,006	1,909	1,789	1,764
Other Long-Term Assets	1,289	1,238	1,188	1,303	1,217	875.8
Total Assets	48,232	47,363	43,940	41,872	38,989	37,028
Accounts Payable	791.5	1,137	896.6	1,198	1,006	880.7
Short-Term Debt	1,396	1,117	2,021	1,647	1,897	1,777
Current Portion of Long-Term Debt	2,730	1,729	1,264	808.5	91	784.5
Current Portion of Leases	-	4.5	4.7	76.7	82.1	8.1
Other Current Liabilities	945.8	854.9	928.4	880.6	677.2	697.9
Total Current Liabilities	5,863	4,842	5,115	4,611	3,753	4,148
Long-Term Debt	16,162	17,178	15,367	14,656	13,472	11,673
Long-Term Leases	326.7	340.8	184.7	135.9	80.4	55.3
Long-Term Unearned Revenue	329.3	334.6	356.4	370.7	389.2	412.2
Pension & Post-Retirement Benefits	-	-	-	171.6	219	327
Long-Term Deferred Tax Liabilities	5,577	5,515	4,919	4,626	4,309	4,060
Other Long-Term Liabilities	6,547	6,351	5,927	5,685	5,653	5,690
Total Liabilities	34,805	34,561	31,868	30,256	27,875	26,366
Common Stock	3.2	3.2	3.2	3.2	3.2	3.2
Additional Paid-In Capital	4,456	4,316	4,116	4,115	4,138	4,144
Retained Earnings	8,524	8,084	7,613	7,265	6,775	6,330
Comprehensive Income & Other	-7.9	-7.8	-7.7	-6.8	-3.2	-6.8
Total Common Equity	12,976	12,395	11,724	11,377	10,913	10,470
Minority Interest	451.2	406.9	347.3	239.7	200.1	192.8
Shareholders' Equity	13,427	12,802	12,072	11,617	11,113	10,663
Total Liabilities & Equity	48,232	47,363	43,940	41,872	38,989	37,028
Total Debt	20,614	20,369	18,841	17,324	15,623	14,298
Net Cash (Debt)	-20,532	-20,359	-18,799	-17,295	-15,607	-14,273
Net Cash Per Share	-64.70	-64.33	-59.51	-54.71	-49.34	-45.10
Filing Date Shares Outstanding	319.13	317.75	315.56	315.43	315.43	315.43
Total Common Shares Outstanding	319.13	317.68	315.43	315.43	315.43	315.43
Working Capital	-2,920	-1,930	-2,319	-1,423	-1,096	-2,065
Book Value Per Share	40.66	39.02	37.17	36.07	34.60	33.19
Tangible Book Value	9,889	9,308	8,637	8,299	7,855	7,417
Tangible Book Value Per Share	30.99	29.30	27.38	26.31	24.90	23.51
Machinery	-	39,953	36,693	33,691	33,441	31,653
Construction In Progress	-	1,695	1,154	1,054	435.8	1,019

Updated May 6, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q