WEC Energy Group, Inc. Website

WEC Energy Group, Inc.

NYSE-WEC

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

7,523.1

7,241.7

8,316

9,597.4

8,893

8,627.1

Total Revenues % Chg.

-2%

-3.7%

14.8%

15.4%

-7.3%

-7%

Cost of Goods Sold, Total

4,857.5

4,346

5,312.9

6,289.9

5,285.8

4,874.1

Gross Profit

2,665.6

2,895.7

3,003.1

3,307.5

3,607.2

3,753

Selling General & Admin Expenses, Total

—

—

-30.1

-35.5

-68.6

-97.4

-91.8

-75.3

Depreciation & Amortization

926.3

975.9

1,074.3

1,122.6

1,264.2

1,314.8

Other Operating Expenses

201.8

208

210.3

253.7

250.2

261.8

Other Operating Expenses, Total

1,098

1,148.4

1,216

1,278.9

1,422.6

1,501.3

Operating Income

1,567.6

1,747.3

1,787.1

2,028.6

2,184.6

2,251.7

Interest Expense, Total

-502.7

-494.9

-472.3

-516.3

-728.1

-769.8

Net Interest Expenses

-502.7

-494.9

-472.3

-516.3

-728.1

-769.8

Income (Loss) On Equity Invest.

131.1

178.2

178

204

176.4

180.6

Other Non Operating Income (Expenses)

62.5

35.9

41.1

15.1

81.1

93.2

EBT, Excl. Unusual Items

1,258.5

1,466.5

1,533.9

1,731.4

1,714

1,755.7

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

—

—

Asset Writedown

—

—

—

—

—

—

—

—

—

-178.9

-178.9

Other Unusual Items

—

—

—

—

—

-38.4

-36.3

—

—

—

EBT, Incl. Unusual Items

1,258.5

1,428.1

1,497.6

1,731.4

1,535.1

1,576.8

Income Tax Expense

125

227.9

200.3

322.9

204.6

211.3

Earnings From Continuing Operations

1,133.5

1,200.2

1,297.3

1,408.5

1,330.5

1,365.5

Minority Interest

—

—

—

—

—

0.5

-0.3

3

-0.4

1.2

2.6

Net Income

1,134

1,199.9

1,300.3

1,408.1

1,331.7

1,368.1

Net Income to Common Incl Extra Items

1,134

1,199.9

1,300.3

1,408.1

1,331.7

1,368.1

Net Income to Common Excl. Extra Items

1,134

1,199.9

1,300.3

1,408.1

1,331.7

1,368.1

Total Shares Outstanding

315.4

315.4

315.4

315.4

315.4

316.1

Weighted Avg. Shares Outstanding

315.4

315.4

315.4

315.4

315.4

315.6

Weighted Avg. Shares Outstanding Dil

316.7

316.5

316.3

316.1

315.9

316

EPS

3.6

3.8

4.1

4.5

4.2

4.3

EPS Diluted

3.6

3.8

4.1

4.5

4.2

4.3

EBITDA

2,493.9

2,723.2

2,861.4

3,151.2

3,448.8

3,566.5

Effective Tax Rate

9.9%

16%

13.4%

18.6%

13.3%

13.4%