WEC ENERGY GROUP, INC. WEC Income Statement

Wec energy group, inc. (WEC)

Income statement / 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	Sep'08	Jun'08
Revenues
2,108,600	1,947,500	1,608,000	1,590,200	2,377,400	2,076,800	1,643,700	1,672,500	2,286,500	2,055,000	1,657,500	1,631,500	2,304,500	1,963,000	1,712,500	1,602,000	2,194,800	1,848,300	1,698,700	991,200	1,387,900	1,225,100	1,033,300	1,043,700	1,695,000	1,178,300	1,053,200	1,012,300	1,275,200	1,071,200	1,039,300	944,700	1,191,200	1,113,200	1,052,800	991,700	1,328,700	1,089,800	973,200	890,900	1,248,600	1,053,500	815,500	835,700	1,396,200	851,500	945,400
Operating expenses
Cost of sales
734,700	693,000	484,300	491,900	1,009,600	854,000	524,100	547,700	972,100	797,200	542,700	541,800	941,100	745,500	554,700	508,300	838,900	682,600	590,600	353,000	613,900	-	407,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel and purchased power
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	292,500	318,600	-	339,100	276,100	271,000	249,700	336,400	258,700	253,800	265,200	350,900	286,000	267,600	228,500	335,600	258,400	277,400	248,700	292,100	252,500	266,400	344,100	298,100
Cost of gas sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125,900	591,500	-	61,600	115,200	270,100	177,800	55,500	75,000	237,500	195,300	69,200	121,800	342,400	232,500	67,400	95,800	355,800	244,100	63,200	102,000	502,700	95,700	185,500
Other operation and maintenance
455,700	601,400	529,200	503,600	550,600	667,800	553,100	537,700	511,900	598,700	473,100	479,800	504,500	600,300	517,500	522,000	531,500	555,700	535,900	337,000	280,700	331,600	249,400	256,000	275,400	333,400	268,100	265,400	288,100	317,300	244,600	267,900	286,300	347,500	296,900	298,900	313,500	356,500	318,100	317,500	335,400	307,400	299,700	304,600	334,400	320,000	333,300
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	193,100	191,600	190,000	187,900	179,200	176,500	103,500	102,600	89,600	99,800	101,400	100,600	51,000	96,900	96,700	95,500	94,500	91,800	90,300	87,600	84,000	82,600	82,300	81,300	77,000	77,400	76,800	74,400	85,100	86,500	85,600	85,800	84,000	80,400
Property and revenue taxes
52,500	53,800	49,800	50,200	48,000	47,500	51,000	49,600	48,800	47,000	48,300	50,000	49,600	48,200	49,700	49,600	47,200	50,600	50,000	31,900	31,900	30,300	30,600	30,300	30,600	28,300	29,500	29,400	29,500	30,500	30,400	30,200	30,300	28,200	28,900	28,300	28,300	26,200	26,900	26,300	26,600	27,200	27,500	27,700	28,100	26,700	27,200
Total operating expenses
1,482,000	1,584,400	1,297,100	1,275,600	1,834,600	1,787,000	1,341,000	1,341,700	1,741,400	1,648,000	1,265,300	1,269,300	1,689,800	1,587,100	1,313,500	1,269,900	1,605,500	1,468,100	1,353,000	825,400	1,029,100	975,000	787,200	806,100	1,316,700	906,700	795,200	782,800	954,200	869,800	758,700	722,100	895,500	920,200	828,500	817,300	1,033,100	920,700	825,400	774,800	1,069,600	912,500	769,000	772,400	1,217,400	870,500	924,500
Treasury Grant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	3,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,600	-55,200	-47,200	-49,400	-53,500	-57,900	-55,100	-64,200	-157,400	-87,000
Operating income
626,600	363,100	310,900	314,600	542,800	289,800	302,700	330,800	545,100	407,000	392,200	362,200	614,700	375,900	399,000	332,100	589,300	380,200	345,700	165,800	358,800	243,500	246,100	240,700	381,800	271,600	258,000	229,500	321,000	201,400	280,600	222,600	295,700	193,000	224,300	174,400	295,600	215,700	203,000	163,300	228,400	194,500	104,400	118,400	243,000	138,400	107,900
Income (Loss) from Equity Method Investments
39,800	15,900	38,700	36,900	36,100	41,500	33,700	28,700	32,800	31,400	39,200	41,800	41,900	38,800	38,300	30,900	38,500	25,700	40,000	14,300	16,100	13,200	18,000	17,500	17,300	17,500	17,100	17,200	16,700	16,700	17,100	16,100	15,600	15,400	15,600	15,100	15,500	14,400	15,200	15,100	15,200	15,500	14,900	14,400	14,300	14,400	12,100
Other income, net
5,600	25,900	21,800	23,600	30,900	5,300	26,100	31,400	7,500	24,500	17,800	13,100	18,300	-6,000	7,500	32,400	32,700	18,700	11,100	26,100	3,000	1,300	2,900	8,100	1,100	3,500	5,100	5,800	4,400	1,200	9,000	8,600	16,000	19,600	16,200	14,400	12,500	14,700	9,600	9,700	6,200	4,600	10,200	7,400	6,300	7,100	7,900
Interest expense
129,400	127,200	125,800	124,100	124,400	117,900	112,000	108,500	106,700	105,300	103,800	101,900	104,700	102,600	99,100	100,100	100,900	107,000	103,200	61,800	59,400	58,600	60,400	59,000	62,300	60,600	62,000	63,300	65,000	66,900	60,900	61,500	58,900	58,200	56,800	57,400	63,400	51,500	52,500	53,000	49,400	37,700	38,400	39,800	40,800	38,800	35,400
Nonoperating Income (Expense)
-84,000	-85,400	-65,300	-63,600	-57,400	-71,100	-52,200	-48,400	-66,400	-49,400	-46,800	-47,000	-44,500	-69,800	-53,300	-36,800	-29,700	-62,600	-52,100	-21,400	-40,300	-	-39,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
542,600	277,700	245,600	251,000	485,400	218,700	250,500	282,400	478,700	357,600	345,400	315,200	570,200	306,100	345,700	295,300	559,600	317,600	293,600	144,400	318,500	199,400	206,600	207,300	337,900	232,000	218,200	189,300	277,000	152,500	245,800	185,900	268,400	170,500	199,400	146,600	260,200	193,500	175,300	135,100	200,400	176,900	91,100	100,400	222,800	121,100	92,500
Income tax expense
90,000	33,500	11,300	15,200	65,000	13,400	17,000	51,100	88,300	-75,300	129,700	115,800	213,300	111,400	128,400	113,600	213,100	137,700	110,500	63,200	122,400	76,800	80,300	74,300	130,300	86,500	80,700	70,300	100,400	53,700	89,700	66,600	96,300	56,400	69,600	48,600	89,300	67,900	63,000	47,600	71,400	63,900	32,900	37,400	81,300	44,500	34,300
Preferred stock dividends of subsidiary
300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	600	600	300	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	234,300	235,800	-	-	233,500	231,300	390,400	-	215,700	199,400	356,900	194,700	217,300	181,700	346,500	179,900	183,100	81,200	196,100	-	-	-	-	-	-	-	-	-	-	-	-	-	129,800	98,000	-	125,600	112,300	87,500	129,000	113,000	58,200	63,000	141,500	76,600	58,200
Income from Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11,500	-	300	-100	1,200	700	-	300	700	-	900	-200
Net loss attributed to noncontrolling interests
-200	0	-300	-200	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributed to common shareholders
452,500	244,600	234,300	235,700	420,400	205,000	233,200	231,000	390,100	432,600	215,400	199,100	356,600	194,400	217,000	181,400	346,200	179,300	182,500	80,900	195,800	121,400	126,300	133,000	207,600	144,300	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	77,500	58,000
Earnings per share
Basic (in dollars per share)
1.43	-	0.74	0.75	1.33	-	0.74	0.73	1.24	-	0.68	0.63	1.13	-	0.69	0.57	1.10	-	0.58	0.36	0.87	-	0.56	0.59	0.92	-	0.61	0.52	0.77	-	0.68	0.52	0.75	0.49	0.56	0.42	0.73	0.54	0.48	0.37	0.55	-0.64	0.50	0.54	1.21	0.65	0.50
Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.05	-	0.00	0.00	0.01	0.00	-	-	-	0.00	0.01	0.00
Earnings Per Share, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.56	0.47	-	0.54	0.48	0.38	0.55	-0.61	0.50	0.54	1.21	0.66	0.50
Earnings Per Share (Diluted)
Diluted (in dollars per share)
1.43	-	0.74	0.74	1.33	-	0.74	0.73	1.23	-	0.68	0.63	1.12	-	0.68	0.57	1.09	-	0.58	0.35	0.86	-	0.56	0.58	0.91	-	0.60	0.52	0.76	-	0.67	0.51	0.74	0.50	0.55	0.41	0.72	0.53	0.47	0.37	0.55	-0.63	0.49	0.53	1.20	0.64	0.49
Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.05	-	0.01	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.01	0.00
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.55	0.46	-	0.54	0.47	0.37	0.55	-0.62	0.50	0.54	1.20	0.65	0.49
Weighted average common shares outstanding
Basic (in shares)
315,400	315,300	315,400	315,400	315,500	315,500	315,500	315,500	315,500	315,600	315,600	315,600	315,600	315,500	315,600	315,600	315,700	315,700	315,700	227,500	225,500	225,600	225,500	225,500	225,800	226,300	226,800	228,400	228,900	229,500	230,400	230,400	230,500	230,800	232,200	233,700	233,700	233,800	233,800	233,800	233,800	584,500	116,900	116,900	116,900	116,900	116,900
Diluted (in shares)
316,700	316,600	316,800	316,700	316,700	316,900	316,900	316,900	316,900	316,700	317,500	317,400	317,200	316,600	316,900	317,000	317,100	317,300	317,100	229,100	227,300	227,300	227,400	227,600	227,700	228,300	228,800	230,500	231,200	232,000	232,900	233,100	233,200	233,500	234,900	236,600	236,600	236,600	236,900	236,600	236,700	589,800	118,000	117,800	118,000	118,200	118,300
Dividends per share of common stock (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.52	0.52	0.52	-	0.49	0.49	0.49	-	0.00	0.86	0.42	-	0.39	-	0.39	-	0.38	0.34	0.34	-	0.30	0.30	0.30	-	0.26	0.26	0.26	-	0.20	0.20	0.20	-	0.33	0.33	0.33	0.27	0.27