| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
OPERATING REVENUES | ||||||
5,147,800 | 4,275,900 | 2,571,000 | 2,562,100 | |||
OPERATING EXPENSES: | ||||||
Fuel and purchased power | ||||||
1,265,000 | 1,078,700 | 541,500 | 509,500 | |||
SPP network transmission costs | ||||||
251,300 | 259,900 | 247,900 | 232,800 | |||
Operating and maintenance | ||||||
1,218,500 | 1,115,800 | 563,500 | 587,200 | |||
Depreciation and amortization | ||||||
861,700 | 618,800 | 371,700 | 338,500 | |||
Taxes other than income tax | ||||||
365,500 | 269,100 | 167,600 | 191,700 | |||
Total Operating Expenses | ||||||
3,962,000 | 3,342,300 | 1,892,200 | 1,859,700 | |||
INCOME FROM OPERATIONS | ||||||
1,185,800 | 933,600 | 678,800 | 702,400 | |||
OTHER INCOME (EXPENSE): | ||||||
Gain (Loss) on Investments | ||||||
11,000 | 8,800 | 4,000 | 2,500 | |||
Other income | ||||||
26,900 | 15,500 | 8,300 | 34,600 | |||
Other Nonoperating Expense | ||||||
76,900 | 78,700 | 39,100 | 38,600 | |||
Total Other Expense, Net | ||||||
-39,000 | -54,400 | -26,800 | -1,500 | |||
Interest expense | ||||||
374,000 | 279,600 | 171,000 | 161,700 | |||
INCOME BEFORE INCOME TAXES | ||||||
772,800 | 599,600 | 481,000 | 539,200 | |||
Income Tax Expense (Benefit) | ||||||
97,000 | 59,000 | 151,200 | 184,500 | |||
Equity in earnings of equity method investees, net of income taxes | ||||||
9,800 | 5,400 | 6,700 | 6,500 | |||
NET INCOME | ||||||
685,600 | 546,000 | 336,500 | 361,200 | |||
Less: Net income attributable to noncontrolling interests | ||||||
15,700 | 10,200 | 12,600 | 14,600 | |||
Net income attributable to Evergy, Inc. | ||||||
669,900 | 535,800 | 323,900 | 346,600 | |||
BASIC AND DILUTED EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING ATTRIBUTABLE TO EVERGY, INC. (see Note 1) | ||||||
Basic earnings per common share (in dollars per share) | ||||||
2.80 | 2.50 | 2.27 | 2.43 | |||
Diluted earnings per common share (in dollars per share) | ||||||
2.79 | 2.50 | 2.27 | 2.43 | |||
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||
239,500 | 213,900 | 142,500 | 142,100 | |||
Weighted Average Number of Shares Outstanding, Diluted | ||||||
239,900 | 214,100 | 142,600 | 142,500 | |||
COMPREHENSIVE INCOME | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
685,600 | 546,000 | 336,500 | 361,200 | |||
Derivative hedging activity | ||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax | ||||||
-64,400 | -5,400 | 0 | 0 | |||
Income tax benefit | ||||||
-16,500 | -1,400 | 0 | 0 | |||
Net loss on derivative hedging instruments | ||||||
-47,900 | -4,000 | 0 | 0 | |||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | ||||||
-1,500 | 0 | 0 | - | |||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | ||||||
-46,400 | -4,000 | 0 | 0 | |||
Defined benefit pension plans | ||||||
Net gain (loss) arising during period | ||||||
-800 | 1,400 | 0 | 0 | |||
Income tax expense (benefit) | ||||||
-200 | 400 | 0 | 0 | |||
Net gain (loss) arising during period | ||||||
-600 | 1,000 | 0 | 0 | |||
Change in unrecognized pension expense, net of tax | ||||||
600 | -1,000 | 0 | 0 | |||
Total other comprehensive income (loss) | ||||||
-47,000 | -3,000 | 0 | 0 | |||
Comprehensive income | ||||||
638,600 | 543,000 | 336,500 | 361,200 | |||
Less: comprehensive income attributable to noncontrolling interest | ||||||
15,700 | 10,200 | 12,600 | 14,600 | |||
COMPREHENSIVE INCOME (LOSS) | ||||||
622,900 | 532,800 | 323,900 | 346,600 | |||
Westar Energy Inc [Member] | ||||||
OPERATING REVENUES | ||||||
- | - | - | 2,562,100 | |||
Fuel and purchased power | ||||||
- | - | - | 509,500 | |||
SPP network transmission costs | ||||||
- | - | - | 232,800 | |||
Operating and maintenance | ||||||
- | - | - | 587,200 | |||
Depreciation and amortization | ||||||
- | - | - | 338,500 | |||
Taxes other than income tax | ||||||
- | - | - | 191,700 | |||
Total Operating Expenses | ||||||
- | - | - | 1,859,700 | |||
INCOME FROM OPERATIONS | ||||||
- | - | - | 702,400 | |||
Investment earnings | ||||||
- | - | - | 2,500 | |||
Other income | ||||||
- | - | - | 34,600 | |||
Other expense | ||||||
- | - | - | 38,600 | |||
Total Other Income (Expense), Net | ||||||
- | - | - | -1,500 | |||
Interest expense | ||||||
- | - | - | 161,700 | |||
INCOME BEFORE INCOME TAXES | ||||||
- | - | - | 539,200 | |||
Income tax expense | ||||||
- | - | - | 184,500 | |||
Equity in earnings of equity method investees, net of income taxes | ||||||
- | - | - | 6,500 | |||
NET INCOME | ||||||
- | - | - | 361,200 | |||
Less: Net income attributable to noncontrolling interests | ||||||
- | - | - | 14,600 | |||
Net Income (Loss) Attributable to Parent | ||||||
- | - | - | 346,600 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
- | - | - | 361,200 | |||
KCPL [Member] | ||||||
OPERATING REVENUES | ||||||
- | - | - | 1,875,400 | |||
Fuel and purchased power | ||||||
- | - | - | 429,100 | |||
Operating and maintenance | ||||||
- | - | - | 502,000 | |||
Depreciation and amortization | ||||||
- | - | - | 247,500 | |||
Taxes other than income tax | ||||||
- | - | - | 177,500 | |||
Total Operating Expenses | ||||||
- | - | - | 1,356,100 | |||
INCOME FROM OPERATIONS | ||||||
- | - | - | 519,300 | |||
Investment earnings | ||||||
- | - | - | 600 | |||
Other income | ||||||
- | - | - | 11,200 | |||
Other expense | ||||||
- | - | - | 44,800 | |||
Total Other Income (Expense), Net | ||||||
- | - | - | -33,000 | |||
Interest expense | ||||||
- | - | - | 139,400 | |||
INCOME BEFORE INCOME TAXES | ||||||
- | - | - | 346,900 | |||
Income tax expense | ||||||
- | - | - | 121,900 | |||
NET INCOME | ||||||
- | - | - | 225,000 | |||
Net Income (Loss) Attributable to Parent | ||||||
- | - | - | 225,000 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
- | - | - | 225,000 | |||
Reclassification to expenses, net of tax | ||||||
- | - | - | -5,400 | |||
Derivative hedging activity, net of tax | ||||||
- | - | - | 5,400 | |||
Total other comprehensive income | ||||||
- | - | - | 5,400 | |||
Comprehensive income (loss) | ||||||
- | - | - | 230,400 | |||