$WEC
WEC ENERGY GROUP, INC. Stock $wec

$wec Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000010781517000154 Filed on May 05, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$2.305B	$2.195B
YoY Change	5.0%	58.14%
Cost Of Revenue	$941.1M	$838.9M
YoY Change	12.18%	36.65%
Gross Profit	$1.363B	$1.356B
YoY Change	0.55%	75.18%
Gross Profit Margin	59.16%	61.78%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$194.6M	$187.9M
YoY Change	3.57%	83.14%
% of Gross Profit	14.27%	13.86%
Operating Expenses	$748.7M	$766.6M
YoY Change	-2.33%	84.63%
Operating Profit	$614.7M	$589.3M
YoY Change	4.31%	64.24%
Interest Expense	$104.7M	$100.9M
YoY Change	3.77%	69.87%
% of Operating Profit	17.03%	17.12%
Other Income/Expense, Net	-$44.50M	-$29.70M
YoY Change	49.83%	-26.3%
Pretax Income	$570.2M	$559.6M
YoY Change	1.89%	75.7%
Income Tax	$213.3M	$213.1M
% Of Pretax Income	37.41%	38.08%
Net Earnings	$356.6M	$346.2M
YoY Change	3.0%	76.81%
Net Earnings / Revenue	15.47%	15.77%
Basic Earnings Per Share	$1.13	$1.10
Diluted Earnings Per Share	$1.12	$1.09
COMMON SHARES
Basic Shares Outstanding	315.6M shares	315.7M shares
Diluted Shares Outstanding	317.2M shares	317.1M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$46.00M	$35.00M
YoY Change	31.43%	-46.15%
Cash & Equivalents	$45.70M	$34.70M
Short-Term Investments
Other Short-Term Assets	$39.30M	$59.50M
YoY Change	-33.95%	-80.93%
Inventory	$417.0M	$471.0M
Prepaid Expenses	$161.8M	$243.4M
Receivables	$1.191B	$1.088B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.855B	$1.896B
YoY Change	-2.17%	42.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$19.99B	$19.26B
YoY Change	3.8%	70.19%
Goodwill	$3.046B	$2.999B
YoY Change	1.57%	578.68%
Intangibles
YoY Change
Long-Term Investments	$1.513B	$1.423B
YoY Change	6.38%	206.57%
Other Assets	$527.5M	$379.3M
YoY Change	39.07%	19.58%
Total Long-Term Assets	$28.16B	$27.21B
YoY Change	3.5%	97.03%
TOTAL ASSETS
Total Short-Term Assets	$1.855B	$1.896B
Total Long-Term Assets	$28.16B	$27.21B
Total Assets	$30.02B	$29.10B
YoY Change	3.13%	92.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$582.3M	$584.4M
YoY Change	-0.36%	100.21%
Accrued Expenses	$223.0M	$221.0M
YoY Change	0.9%	274.58%
Deferred Revenue
YoY Change
Short-Term Debt	$670.0M	$896.0M
YoY Change	-25.22%	59.15%
Long-Term Debt Due	$158.0M	$152.4M
YoY Change	3.67%	-64.29%
Total Short-Term Liabilities	$2.055B	$2.230B
YoY Change	-7.86%	42.91%
LONG-TERM LIABILITIES
Long-Term Debt	$9.144B	$8.956B
YoY Change	2.1%	114.81%
Other Long-Term Liabilities	$1.161B	$1.067B
YoY Change	8.79%	262.75%
Total Long-Term Liabilities	$18.81B	$10.02B
YoY Change	87.63%	124.56%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.055B	$2.230B
Total Long-Term Liabilities	$18.81B	$10.02B
Total Liabilities	$20.86B	$12.25B
YoY Change	70.25%	103.41%
SHAREHOLDERS EQUITY
Retained Earnings	$4.822B	$4.490B
YoY Change	7.4%
Common Stock	$3.200M	$3.200M
YoY Change	0.0%	-99.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.156B	$8.849B
YoY Change
Total Liabilities & Shareholders Equity	$30.02B	$29.10B
YoY Change	3.13%	92.29%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$356.6M	$346.2M
YoY Change	3.0%	76.81%
Depreciation, Depletion And Amortization	$194.6M	$187.9M
YoY Change	3.57%	83.14%
Cash From Operating Activities	$714.6M	$695.9M
YoY Change	2.69%	110.88%
INVESTING ACTIVITIES
Capital Expenditures	$329.7M	$312.0M
YoY Change	5.67%	103.66%
Acquisitions
YoY Change
Other Investing Activities	-$2.500M	-$5.100M
YoY Change	-50.98%	-383.33%
Cash From Investing Activities	-$333.1M	-$188.4M
YoY Change	76.8%	20.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$20.20M	$59.60M
YoY Change	-66.11%	154.7%
Debt Paid & Issued, Net	$12.00M	$139.4M
YoY Change	-91.39%	1398.92%
Cash From Financing Activities	-$380.8M	-$522.6M
YoY Change	-27.13%	206.69%
NET CHANGE
Cash From Operating Activities	$714.6M	$695.9M
Cash From Investing Activities	-$333.1M	-$188.4M
Cash From Financing Activities	-$380.8M	-$522.6M
Net Change In Cash	$700.0K	-$15.10M
YoY Change	-104.64%	-557.58%
FREE CASH FLOW
Cash From Operating Activities	$714.6M	$695.9M
Capital Expenditures	$329.7M	$312.0M
Free Cash Flow	$384.9M	$383.9M
YoY Change	0.26%	117.14%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	23400000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	6700000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000783325
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	315579222	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	WEC Energy Group, Inc.
CY2016Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	1241700000	USD
CY2017Q1	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	1191400000	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	861500000	USD
CY2017Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	582300000	USD
CY2016Q4	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	633600000	USD
CY2017Q1	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	630700000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8214600000	USD
CY2017Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8312800000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2900000	USD
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2700000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4309800000	USD
CY2017Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4297700000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	108000000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	123100000	USD
CY2016Q4	us-gaap	Assets Assets	30123200000	USD
CY2017Q1	us-gaap	Assets Assets	30016600000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	2168700000	USD
CY2017Q1	us-gaap	Assets Current AssetsCurrent	1855300000	USD
CY2016Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	27954500000	USD
CY2017Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	28161300000	USD
CY2016Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	90100000	USD
CY2017Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	116400000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	49800000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	34700000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	37500000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45700000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-15100000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	8200000	USD
CY2016Q4	us-gaap	Commercial Paper CommercialPaper	860200000	USD
CY2017Q1	us-gaap	Commercial Paper CommercialPaper	670400000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.4950
CY2017Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.5200
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
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CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	325000000	shares
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	325000000	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	315614941	shares
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	315579222	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	3200000	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	3200000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	345900000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	356400000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	346200000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	356700000	USD
CY2016Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	838900000	USD
CY2017Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	941100000	USD
CY2016Q1	us-gaap	Decrease In Restricted Cash DecreaseInRestrictedCash	21000000	USD
CY2017Q1	us-gaap	Decrease In Restricted Cash DecreaseInRestrictedCash	16100000	USD
CY2016Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	214600000	USD
CY2017Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	150200000	USD
CY2016Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	566200000	USD
CY2017Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	561000000	USD
CY2016Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	6200000	USD
CY2017Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	6200000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	5146600000	USD
CY2017Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	5287400000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	187900000	USD
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	194600000	USD
CY2016Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	4400000	USD
CY2016Q4	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	41600000	USD
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CY2016Q4	us-gaap	Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset	4900000	USD
CY2017Q1	us-gaap	Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset	1200000	USD
CY2016Q4	us-gaap	Derivative Assets DerivativeAssets	36700000	USD
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CY2016Q4	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	4400000	USD
CY2016Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	16400000	USD
CY2017Q1	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	19300000	USD
CY2016Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-31600000	USD
CY2017Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	2200000	USD
CY2016Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	38200000	USD
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CY2016Q4	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	500000	USD
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CY2017Q1	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	400000	USD
CY2016Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	1900000	USD
CY2017Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	3000000	USD
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CY2017Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	164100000	USD
CY2016Q1	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	300000	USD
CY2017Q1	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	300000	USD
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	163800000	USD
CY2017Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	107500000	USD
CY2016Q4	us-gaap	Energy Related Inventory EnergyRelatedInventory	587600000	USD
CY2017Q1	us-gaap	Energy Related Inventory EnergyRelatedInventory	417100000	USD
CY2016Q4	us-gaap	Energy Related Inventory Natural Gas In Storage EnergyRelatedInventoryNaturalGasInStorage	223100000	USD
CY2017Q1	us-gaap	Energy Related Inventory Natural Gas In Storage EnergyRelatedInventoryNaturalGasInStorage	45800000	USD
CY2016Q4	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	158000000	USD
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CY2016Q4	us-gaap	Equity Method Investments EquityMethodInvestments	1443900000	USD
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CY2017Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings	0	USD
CY2016Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales	100000	USD
CY2017Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales	0	USD
CY2016Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	2200000	USD
CY2017Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	3400000	USD
CY2015Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	3600000	USD
CY2016Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	1100000	USD
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CY2016Q4	us-gaap	Goodwill Goodwill	3046200000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	3046200000	USD
CY2017Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	48100000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	346500000	USD
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CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	570200000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	1.10
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CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	38500000	USD
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CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	213100000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	213300000	USD
CY2016Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	400000	USD
CY2017Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-8900000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	48600000	USD
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CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-123700000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-212700000	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-217200000	USD
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CY2016Q1	us-gaap	Increase Decrease In Notes Receivables IncreaseDecreaseInNotesReceivables	0	USD
CY2017Q1	us-gaap	Increase Decrease In Notes Receivables IncreaseDecreaseInNotesReceivables	7000000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	63700000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-41200000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	56700000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	90800000	USD
CY2016Q4	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	67000000	USD
CY2017Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	115100000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	100900000	USD
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CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	20200000	USD
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CY2017Q1	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1563400000	USD
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CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	12000000	USD
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CY2017Q1	us-gaap	Taxes Other TaxesOther	49600000	USD
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CY2017Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	1687200000	USD
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CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	317200000	shares
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CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	315600000	shares
CY2016Q1	wec	Depreciation Depletionand Amortization Including Discontinued Operations DepreciationDepletionandAmortizationIncludingDiscontinuedOperations	191900000	USD
CY2017Q1	wec	Depreciation Depletionand Amortization Including Discontinued Operations DepreciationDepletionandAmortizationIncludingDiscontinuedOperations	194600000	USD
CY2016Q4	wec	Derivative Instruments And Hedges Liabilities Gross Current DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent	1900000	USD
CY2017Q1	wec	Derivative Instruments And Hedges Liabilities Gross Current DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent	2800000	USD
CY2017Q1	wec	Guarantee Obligations Maximum Exposure Expire Less Than One Year GuaranteeObligationsMaximumExposureExpireLessThanOneYear	38700000	USD
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CY2016Q1	wec	Restrictedcashusedtopurchaseinvestmentsin Rabbi Trust RestrictedcashusedtopurchaseinvestmentsinRabbiTrust	-1500000	USD
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CY2017Q1	wec	Total Common Shareholders Equity TotalCommonShareholdersEquity	9125600000	USD
CY2017Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">NEW ACCOUNTING PRONOUNCEMENTS</font><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Revenue Recognition </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In May 2014, the FASB and the International Accounting Standards Board issued their joint revenue recognition standard, ASU 2014-09, Revenue from Contracts with Customers. Several amendments were issued subsequent to the standard to clarify the guidance. The core principle of the guidance is to recognize revenue in an amount that an entity is entitled to receive in exchange for goods and services. The guidance also requires additional disclosures about the nature, amount, timing, and uncertainty of revenues and the related cash flows arising from contracts with customers. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">We intend to adopt this standard for interim and annual periods beginning January 1, 2018, as required, and plan to use the modified retrospective method of adoption. If applicable, this method requires a cumulative-effect adjustment to be recorded on the balance sheet as of the beginning of 2018, as if the standard had always been in effect. If applicable, disclosures in 2018 will include a reconciliation of results under the new revenue guidance compared with what would have been reported in 2018 under the old revenue recognition guidance in order to help facilitate comparability with the prior periods. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">We are currently reviewing our contracts with customers and related financial disclosures to evaluate the impact of the amended guidance on our existing revenue recognition policies and procedures. We consider tariff sales at our regulated utilities, excluding the revenue component related to alternative revenue programs, to be in the scope of the new standard. We have evaluated the nature of these revenues and do not expect that there will be a significant shift in the timing or pattern of revenue recognition for such sales. However, in our evaluation, we are also monitoring unresolved implementation issues for our industry, including the impacts of the new guidance on our ability to recognize revenue for certain contracts where collectability is uncertain. The final resolution of these issues could impact our current accounting policies and revenue recognition.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Recognition and Measurement of Financial Instruments</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Liabilities. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017, and will be recorded with a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year in which the guidance is effective. This guidance requires equity investments, including other ownership interests such as partnerships, unincorporated joint ventures, and limited liability companies, to be measured at fair value with changes in fair value recognized in net income. It also simplifies the impairment assessment of equity investments without readily determinable fair values and amends certain disclosure requirements associated with the fair value of financial instruments. This ASU does not apply to investments accounted for under the equity method of accounting. We are currently assessing the effects this guidance may have on our financial statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Leases</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, Leases. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and will be applied using a modified retrospective approach. The main provision of this ASU is that lessees will be required to recognize lease assets and lease liabilities for most leases, including those classified as operating leases under GAAP.  We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Financial Instruments Credit Losses</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. This ASU introduces a new impairment model known as the current expected credit loss model. The ASU requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. Previously, recognition of the full amount of credit losses was generally delayed until the loss was probable of occurring. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Classification of Certain Cash Receipts and Cash Payments</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and will be applied using a retrospective transition method. There are eight main provisions of this ASU for which current GAAP either is unclear or does not include specific guidance. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Restricted Cash</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In November 2016, the FASB issued ASU 2016-18, Restricted Cash. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Under this ASU, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-the period and end-of-the period total amounts shown on the statements of cash flows. We do not believe the adoption of this guidance will have a significant impact on our financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Under this ASU, an employer is required to disaggregate the service cost component from the other components of the net benefit cost. The amendments provide explicit guidance on how to present the service cost component and the other components of the net benefit cost in the income statement and allow only the service cost component of the net benefit cost to be eligible for capitalization. The amendments should be applied retrospectively for the presentation of the service cost component and the other components of the net benefit cost in the income statement, and prospectively for the capitalization of the service cost component in assets. We are currently assessing the effects this guidance may have on our financial statements.</font></div></div>

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wec-20170331_lab.xml	Edgar Link	unprocessable
wec-20170331_pre.xml	Edgar Link	unprocessable

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$WEC
WEC ENERGY GROUP, INC. Stock $wec

2017 Q1 Form 10-Q Financial Statement

#000010781517000154 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEC WEC ENERGY GROUP, INC. Stock $wec

2017 Q1 Form 10-Q Financial Statement

#000010781517000154 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEC
WEC ENERGY GROUP, INC. Stock $wec