WEC ENERGY GROUP, INC. WEC Cash Flow

Wec energy group, inc. (WEC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities
Net income
452,600	244,200	234,300	235,800	420,400	205,300	233,500	231,300	390,400	432,900	215,700	199,400	356,900	194,700	217,300	181,700	346,500	179,900	183,100	81,200	196,100	122,600	126,300	133,000	207,600	145,500	137,500	119,000	176,600	98,800	156,100	119,300	172,100	116,000	129,800	109,500	170,900	125,900	112,200	88,700	129,700	118,700	58,500	63,700	141,500
Reconciliation to cash provided by operating activities
Depreciation and amortization
239,100	236,200	233,800	229,900	226,400	217,700	212,800	206,700	208,600	205,100	201,200	197,700	194,600	181,100	195,500	194,100	191,900	192,600	175,800	107,800	107,300	104,100	106,400	102,800	103,700	98,400	99,900	99,500	98,200	93,500	94,400	93,200	90,600	87,500	79,700	85,000	84,200	79,800	80,200	85,500	71,900	-	-	-	87,600
Amortization of gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,600	-55,200	-47,200	-49,400	-53,500	-57,900	-55,100	-64,200
Equity in earnings of transmission affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,300
Distributions from transmission affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,200	12,300	12,500	-	57,300	-34,200	11,400
Deferred income taxes and investment tax credits, net
92,100	104,100	-37,300	78,900	17,200	262,900	2,700	14,700	17,000	-172,700	169,800	124,400	150,200	54,300	132,400	92,500	214,600	198,600	98,400	15,100	106,600	69,600	70,500	76,400	111,600	92,900	76,700	41,300	101,800	43,600	108,400	73,300	67,900	214,700	78,900	65,100	71,900	105,900	-8,300	2,200	5,100	65,500	107,300	17,400	-2,800
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178,800	-23,000	-22,800	-32,200	53,300	245,900	-146,100	48,600
Contributions and payments related to pension and OPEB plans
3,700	53,800	3,800	4,100	4,200	63,800	4,100	4,400	5,300	5,100	3,900	5,500	106,000	5,200	4,000	4,400	15,100	11,700	3,200	2,400	103,700	1,900	12,000	0	0	-	-	-	0	0	100,000	0	0	20,000	135,000	0	122,400	0	0	0	0	0	0	578,600	-289,300
Equity income in transmission affiliate, net of distributions
-	-	-	-	-	14,100	9,400	2,200	-7,100	-13,700	4,000	7,800	6,700	10,800	13,100	-700	23,400	-6,800	8,600	3,500	5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,200	15,100	15,200	-	-	-	-
Change in –
Accounts receivable and unbilled revenues
3,500	262,000	-92,300	-392,200	124,300	288,600	-76,600	-295,600	60,100	396,900	-63,200	-192,300	-55,000	365,900	-55,100	-178,700	48,600	185,500	-135,000	-162,500	28,000	140,400	-89,100	-316,800	184,800	258,200	-46,000	-133,600	84,300	80,400	-22,500	-84,700	-11,500	106,300	-45,300	-132,000	40,900	161,800	-38,900	-106,200	33,700	126,000	-68,900	-95,100	-73,100
Materials, supplies, and inventories
-158,700	-43,400	131,900	131,300	-218,300	-60,200	141,600	90,400	-163,000	-133,400	162,000	92,600	-170,500	-66,200	159,700	23,700	-217,200	-32,000	173,600	38,700	-110,900	21,300	75,000	69,400	-94,500	-38,200	49,700	51,100	-93,900	18,600	7,100	23,400	-70,400	14,000	28,900	54,700	-94,700	-43,200	32,100	54,400	-42,300	-9,700	74,500	-123,600	93,400
Other current assets
-65,400	117,500	-90,400	105,100	-125,100	122,700	-33,900	2,500	-81,300	63,900	-42,300	26,700	-41,200	-14,700	-21,800	-130,400	63,700	102,800	-58,900	27,800	-44,500	51,100	-25,400	17,100	-28,900	37,800	-26,800	14,400	-28,200	38,500	-33,900	13,100	-29,800	1,800	28,900	22,800	-33,000	23,700	-17,400	-8,200	-12,200	37,000	-43,800	-26,900	8,900
Accounts payable
-250,100	193,800	30,400	-18,400	-204,300	181,800	13,800	85,900	-170,900	119,700	2,800	98,700	-212,700	129,100	17,700	11,300	-123,700	46,600	-83,300	98,700	-71,300	51,400	24,900	-147,300	94,700	44,400	27,400	17,900	-104,500	100,300	3,700	22,100	-82,300	53,600	-3,100	9,700	-48,400	61,100	-10,000	6,300	-36,100	69,500	-31,900	-37,200	-119,500
Other current liabilities
-27,700	80,500	53,300	-109,700	54,600	-110,100	42,400	-128,500	128,600	138,400	5,100	-72,500	90,800	72,100	46,100	-195,700	56,700	-83,800	99,100	-29,300	28,100	-8,500	-15,200	11,900	-33,500	-1,400	2,800	-38,500	35,600	400	12,200	-42,700	15,200	17,000	15,700	-50,200	61,600	-29,000	36,300	-38,400	53,100	-23,400	23,600	-70,100	58,200
Accrued taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,500	-	300	-12,000	1,400	-11,600	32,000	29,000	-12,800	9,300	101,900	-9,800	15,500	-156,500	9,900	19,500	39,700	-45,000	15,600	-61,300	48,000	21,200	-77,300	17,500	82,000
Deferred costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,400	6,500	6,500	6,500	11,600	11,500	11,600	11,500
Other, net
-32,400	21,000	-3,600	-3,300	6,500	108,700	34,200	13,200	134,300	-71,700	-51,400	-55,100	-19,200	51,600	-11,300	-37,400	-56,500	-53,500	-113,200	5,900	-48,300	-212,600	27,400	58,900	39,000	58,100	30,600	-14,900	2,400	36,100	42,300	35,400	50,200	50,300	-15,600	35,500	-46,700	-9,200	-8,500	2,300	-24,600	2,600	7,000	-20,400	40,400
Net cash provided by operating activities
690,500	504,800	549,500	555,500	735,700	437,300	494,800	619,400	894,000	332,900	478,800	552,300	714,600	381,900	497,800	528,200	695,900	219,200	357,900	386,500	330,000	164,300	313,300	336,200	385,100	181,900	368,800	351,200	330,300	181,500	383,700	268,200	340,500	165,800	179,000	257,600	391,000	156,700	230,000	120,000	303,700	195,200	202,700	210,700	20,300
Investing activities
Capital expenditures
496,100	-1,511,500	656,300	496,400	358,800	-1,429,100	575,000	475,900	439,600	-1,309,200	519,200	460,300	329,700	-1,000,100	381,400	306,700	312,000	474,400	423,800	214,800	153,200	248,200	207,500	176,300	129,200	227,500	190,400	173,700	133,600	229,500	163,500	171,700	142,300	218,600	265,100	211,600	135,500	252,600	166,500	184,500	194,600	261,500	189,700	192,000	171,400
Acquisition of Upstream, net of cash and restricted cash acquired of $9.2
0	0	0	0	268,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Bishop Hill III, net of restricted cash acquired of $4.5 million
-	-	-	-	-	85,800	0	77,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions to transmission affiliates
3,000	15,300	15,400	18,500	3,400	9,800	11,300	19,600	12,800	46,300	12,800	22,900	27,600	15,200	15,000	3,100	9,000	3,100	3,000	1,300	1,300	2,600	2,600	4,000	3,900	2,600	2,700	3,900	1,300	2,600	6,500	4,000	2,600	0	2,000	2,000	2,600	1,300	0	0	3,900	7,800	6,600	5,200	6,300
Proceeds from the sale of assets
1,300	5,400	2,200	19,400	10,600	1,200	3,000	7,100	800	1,300	2,000	7,600	13,100	5,100	200	54,500	106,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of investments held in rabbi trust
17,000	0	100	0	100	102,000	100	0	16,500	100	0	0	8,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withdrawal of restricted cash from Rabbi trust for qualifying payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,500	21,000	700	700	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from asset sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	200	38,300	4,900	300	63,300	200	1,100	900	14,700	100
Proceeds from cash surrender value of life insurance
8,300	-	-	-	8,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6,800	-8,400	-6,800	-20,800	0	0	0	37,200	-54,400	-50,000	-38,300	-43,500	-42,500	-46,400	-45,200	-57,900
Other, net
-9,500	1,200	-1,300	-11,800	-4,600	-13,200	-3,500	-4,500	700	-10,600	-400	1,500	-2,500	-2,400	-2,400	6,900	-5,100	-53,000	-4,400	-1,400	1,800	9,200	-12,300	-6,500	6,000	1,200	-12,700	13,700	10,400	-16,700	17,200	13,300	6,300	9,700	15,700	9,700	7,400	28,900	18,500	21,300	16,300	34,400	22,200	24,500	23,300
Net cash used in investing activities
-463,000	-760,400	-668,100	-459,800	-606,600	-664,400	-723,200	-561,000	-435,800	-688,300	-529,600	-703,100	-333,100	-512,600	-392,500	-260,700	-188,400	-421,600	-416,700	-1,522,900	-156,300	-227,900	-216,000	-173,800	-139,100	-201,000	-208,200	-191,300	-145,300	-238,200	-178,800	-182,200	-130,400	-242,200	-282,800	-223,100	-144,400	-223,500	-134,700	-104,200	-171,100	-260,100	-171,200	-161,800	-143,000
Financing activities
Exercise of stock options
16,000	900	16,000	17,500	32,600	15,200	8,800	3,000	2,100	5,200	10,000	9,700	5,900	1,200	5,400	13,600	21,400	3,700	14,200	3,800	8,400	18,600	14,100	2,400	15,200	5,800	2,000	13,400	27,300	4,500	6,700	25,700	12,900	20,000	4,800	16,600	13,000	14,900	32,800	23,300	19,900	4,500	6,200	3,300	3,000
Purchase of common stock
40,400	1,900	31,900	35,600	70,700	30,400	22,200	4,000	15,800	10,700	20,900	19,500	20,200	2,400	11,400	34,600	59,600	8,600	34,100	8,600	23,400	39,000	26,900	4,700	52,600	35,500	52,200	69,200	66,500	48,200	28,000	47,800	29,200	58,800	83,500	26,700	24,900	28,100	59,600	37,100	31,800	8,600	10,500	4,900	5,600
Dividends paid on common stock
199,500	186,100	186,100	186,100	186,200	174,300	174,300	174,500	174,200	164,100	164,100	164,200	164,100	156,300	156,200	156,200	156,200	144,500	120,400	95,200	95,300	88,000	88,000	87,900	88,100	86,600	86,700	77,800	77,800	68,900	69,100	69,200	69,100	60,000	60,500	60,700	60,800	46,700	46,800	46,700	46,800	39,400	39,500	39,400	39,500
Issuance of long-term debt
0	575,000	970,000	0	350,000	1,140,000	0	600,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	250,000	0	-	-	-	-	0	300,000	0	420,000	0	0	0	530,000	250,000	0	0	11,500
Retirement of long-term debt
14,000	254,100	88,700	4,000	13,300	258,900	13,000	668,800	12,600	127,600	12,300	2,600	12,000	52,500	11,700	102,400	139,400	502,500	15,500	2,300	9,300	2,300	10,900	302,200	8,900	33,000	53,700	302,000	8,500	2,000	8,300	2,000	8,000	1,900	7,800	451,900	5,000	1,800	26,400	1,800	261,700	19,100	148,700	1,600	51,700
Issuance of short-term loan
340,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other short-term debt
343,600	144,400	-576,300	-472,300	294,900	-348,200	418,300	169,700	-244,300	451,100	218,700	104,400	-189,800	70,800	-138,400	31,400	-198,600	433,500	-164,800	-51,100	-54,600	141,800	65,700	-12,100	-115,200	175,600	25,900	19,200	-77,900	-58,600	-106,300	2,200	-112,600	173,200	-45,700	260,900	-376,400	139,300	-1,800	42,400	-347,100	-112,900	157,800	-11,100	189,000
Other, net
-2,600	-6,900	-8,500	-3,400	-3,600	-10,400	-1,000	-3,500	-300	-3,400	-400	-2,100	-600	-1,400	-100	-21,900	9,800	1,100	-12,800	-11,000	3,800	5,700	4,000	-2,100	5,200	300	600	2,800	7,500	700	0	100	-100	2,900	1,000	1,900	-1,000	2,500	7,200	2,500	-3,200	900	1,100	300	600
Net cash used in financing activities
-244,100	271,300	94,500	-94,100	-186,100	333,000	216,600	-78,100	-445,100	375,500	31,000	135,700	-380,800	59,400	-112,400	-270,100	-522,600	230,000	-133,400	1,285,600	-170,400	36,800	-42,000	-156,600	-244,400	26,600	-163,100	-163,600	-195,900	79,300	-205,000	-91,000	-206,100	75,400	108,300	-259,900	-35,100	80,100	-94,600	-17,400	-140,700	75,400	-33,600	-53,400	107,300
Net change in cash, cash equivalents, and restricted cash
-16,600	15,700	-24,100	1,600	-57,000	105,900	-11,800	-19,700	13,100	20,100	-19,800	-15,100	700	-71,300	-7,100	-2,600	-15,100	27,600	-192,200	149,200	3,300	-26,800	55,300	5,800	1,600	7,500	-2,500	-3,700	-10,900	22,600	-100	-5,000	4,000	-1,000	4,500	-225,400	211,500	13,300	700	-1,600	-8,100	10,500	-2,100	-4,500	-15,400