2024 Q1 Form 10-K Financial Statement

#000010781524000095 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $2.680B $2.218B $8.893B
YoY Change -7.2% -13.32% -7.34%
Cost Of Revenue $927.1M $761.1M $3.191B
YoY Change -29.21% -38.39% -26.79%
Gross Profit $1.753B $1.456B $5.702B
YoY Change 11.07% 10.08% 8.84%
Gross Profit Margin 65.41% 65.68% 64.12%
Selling, General & Admin $5.900M
YoY Change
% of Gross Profit 0.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $333.4M $324.5M $1.264B
YoY Change 9.13% 14.02% 12.61%
% of Gross Profit 19.02% 22.28% 22.17%
Operating Expenses $939.7M $936.1M $3.615B
YoY Change 3.37% -0.69% 9.07%
Operating Profit $813.4M $520.3M $1.908B
YoY Change 21.53% 36.78% -0.84%
Interest Expense $192.0M -$148.1M $726.9M
YoY Change 11.5% 42.54% -326.87%
% of Operating Profit 23.6% -28.46% 38.1%
Other Income/Expense, Net -$103.1M $46.80M -$371.7M
YoY Change 17.69% 34.87% -388.59%
Pretax Income $710.3M $240.1M $1.536B
YoY Change 22.11% -22.85% -11.33%
Income Tax $87.70M $21.60M $204.6M
% Of Pretax Income 12.35% 9.0% 13.32%
Net Earnings $622.6M $218.5M $1.332B
YoY Change 22.66% -13.53% -5.43%
Net Earnings / Revenue 23.23% 9.85% 14.97%
Basic Earnings Per Share $4.22
Diluted Earnings Per Share $1.97 $0.69 $4.22
COMMON SHARES
Basic Shares Outstanding 315.6M shares 315.4M shares
Diluted Shares Outstanding 315.9M shares 315.9M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.90M $42.90M $42.90M
YoY Change 8.96% 48.44% 48.44%
Cash & Equivalents $38.90M $42.90M $42.90M
Short-Term Investments
Other Short-Term Assets $400.1M $474.4M $474.4M
YoY Change 500.75% -11.04% -11.04%
Inventory $608.6M $775.2M $775.2M
Prepaid Expenses
Receivables $1.557B $1.503B $1.503B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.605B $2.796B $2.796B
YoY Change -8.24% -12.3% -12.3%
LONG-TERM ASSETS
Property, Plant & Equipment $31.73B $31.58B $31.58B
YoY Change 4.45% 8.48% 8.48%
Goodwill $3.053B $3.053B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $2.027B $2.006B $2.006B
YoY Change 5.48% 5.06% 5.06%
Other Assets $4.513B $4.504B $4.504B
YoY Change 1164.12% -2.27% -2.27%
Total Long-Term Assets $41.32B $41.14B $41.14B
YoY Change 3.42% 6.36% 6.36%
TOTAL ASSETS
Total Short-Term Assets $2.605B $2.796B $2.796B
Total Long-Term Assets $41.32B $41.14B $41.14B
Total Assets $43.93B $43.94B $43.94B
YoY Change 2.64% 4.94% 4.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $640.9M $896.6M $896.6M
YoY Change -5.75% -25.16% -25.16%
Accrued Expenses $4.700M $4.700M
YoY Change 17.5% 17.5%
Deferred Revenue
YoY Change
Short-Term Debt $2.574B $2.021B $2.021B
YoY Change 104.11% 22.69% 22.69%
Long-Term Debt Due $640.5M $1.264B $1.264B
YoY Change -20.75% 43.46% 43.46%
Total Short-Term Liabilities $4.710B $5.115B $5.115B
YoY Change 25.07% 10.93% 10.93%
LONG-TERM LIABILITIES
Long-Term Debt $15.38B $15.51B $15.51B
YoY Change -2.85% 5.06% 5.06%
Other Long-Term Liabilities $6.296B $6.322B $6.322B
YoY Change 250.75% 1.11% 1.11%
Total Long-Term Liabilities $21.67B $21.83B $21.83B
YoY Change -19.86% 3.88% 3.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.710B $5.115B $5.115B
Total Long-Term Liabilities $21.67B $21.83B $21.83B
Total Liabilities $31.78B $32.19B $32.19B
YoY Change 3.17% 5.65% 5.65%
SHAREHOLDERS EQUITY
Retained Earnings $7.972B $7.613B
YoY Change 5.91% 4.78%
Common Stock $4.149B $4.119B
YoY Change 0.78% 0.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.14B $11.75B $11.75B
YoY Change
Total Liabilities & Shareholders Equity $43.93B $43.94B $43.94B
YoY Change 2.64% 4.94% 4.94%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $622.6M $218.5M $1.332B
YoY Change 22.66% -13.53% -5.43%
Depreciation, Depletion And Amortization $333.4M $324.5M $1.264B
YoY Change 9.13% 14.02% 12.61%
Cash From Operating Activities $863.6M $480.0M $3.018B
YoY Change 8.48% 39900.0% 46.47%
INVESTING ACTIVITIES
Capital Expenditures $444.5M $763.4M $2.732B
YoY Change -10.99% -220.52% -217.05%
Acquisitions
YoY Change
Other Investing Activities $8.300M -$23.10M -$826.2M
YoY Change -11.7% 0.0% 167.99%
Cash From Investing Activities -$436.2M -$786.5M -$3.558B
YoY Change -65.6% 19.8% 34.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.600M -$10.30M
YoY Change 550.0% -71.07%
Debt Paid & Issued, Net $756.9M $1.005B
YoY Change 2050.28% 991.64%
Cash From Financing Activities -476.5M 330.3M 522.8M
YoY Change -214.1% -54.22% -22.71%
NET CHANGE
Cash From Operating Activities 863.6M 480.0M 3.018B
Cash From Investing Activities -436.2M -786.5M -3.558B
Cash From Financing Activities -476.5M 330.3M 522.8M
Net Change In Cash -49.10M 23.80M -17.00M
YoY Change -9.41% -64.05% -117.95%
FREE CASH FLOW
Cash From Operating Activities $863.6M $480.0M $3.018B
Capital Expenditures $444.5M $763.4M $2.732B
Free Cash Flow $419.1M -$283.4M $286.4M
YoY Change 41.25% -144.66% -93.48%

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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Common Stock Dividends Per Share Declared
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CY2021 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Common Stock Dividends Per Share Declared
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CY2022 us-gaap Dividends Common Stock Cash
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CY2022 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2022 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2022 us-gaap Stockholders Equity Other
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2023 us-gaap Dividends Common Stock Cash
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CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023 us-gaap Stock Repurchased During Period Value
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CY2023 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023 us-gaap Stockholders Equity Other
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
We make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates.
CY2023 wec Maximum Term Of Original Maturity To Classify Instrument As Cash Equivalent
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CY2023Q4 us-gaap Energy Related Inventory Natural Gas In Storage
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327800000 usd
CY2022Q4 us-gaap Energy Related Inventory Natural Gas In Storage
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446300000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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320000000.0 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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257000000.0 usd
CY2023Q4 us-gaap Energy Related Inventory Other Fossil Fuel
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127400000 usd
CY2022Q4 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
103800000 usd
CY2023Q4 us-gaap Energy Related Inventory
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CY2022Q4 us-gaap Energy Related Inventory
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CY2023Q4 us-gaap Percentage Of Lifo Inventory
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0.17
CY2022Q4 us-gaap Percentage Of Lifo Inventory
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0.13
CY2023Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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12200000 usd
CY2022Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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98300000 usd
CY2023Q4 wec Natural Gas Price Benchmark
NaturalGasPriceBenchmark
2.13
CY2022Q4 wec Natural Gas Price Benchmark
NaturalGasPriceBenchmark
3.41
CY2023 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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19500000 usd
CY2022 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
11000000.0 usd
CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
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CY2023 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
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CY2022 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
29400000 usd
CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
18000000.0 usd
CY2023Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized Before Accumulated Amortization
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11300000 usd
CY2022Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized Before Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedBeforeAccumulatedAmortization
4700000 usd
CY2023Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedAccumulatedAmortization
2800000 usd
CY2022Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized Accumulated Amortization
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1500000 usd
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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178900000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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9000000 shares
CY2023Q4 wec Minimum Lease Term To Recognize Right Of Use Asset And Lease Liabilities
MinimumLeaseTermToRecognizeRightOfUseAssetAndLeaseLiabilities
P1Y
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
We follow the guidance of the Guarantees Topic of the FASB ASC, which requires, under certain circumstances, that the guarantor recognize a liability for the fair value of the obligation undertaken in issuing the guarantee at its inception. See Note 19, Guarantees, for more information.
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
The geographic concentration of our customers did not contribute significantly to our overall exposure to credit risk. We periodically review customers' credit ratings, financial statements, and historical payment performance and require them to provide collateral or other security as needed. Credit risk exposure at WE, WPS, WG, PGL, and NSG is mitigated by their recovery mechanisms for uncollectible expense discussed in Note 1(d), Operating Revenues. As a result, we did not have any significant concentrations of credit risk at December 31, 2023. In addition, there were no customers that accounted for more than 10% of our revenues for the year ended December 31, 2023
CY2023 us-gaap Revenues
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CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Accounts Receivable Net
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CY2023Q4 wec Accounts Receivable Past Due Greaterthan90 Days
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CY2023Q4 wec Percentofaccountsreceivablepastduegreaterthan90dayswithregulatorymechanismstocollect
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CY2022Q4 us-gaap Accounts Receivable Gross
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Accounts Receivable Net
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CY2022Q4 wec Accounts Receivable Past Due Greaterthan90 Days
AccountsReceivablePastDueGreaterthan90Days
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CY2022Q4 wec Percentofaccountsreceivablepastduegreaterthan90dayswithregulatorymechanismstocollect
Percentofaccountsreceivablepastduegreaterthan90dayswithregulatorymechanismstocollect
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CY2023Q4 wec Amountofnetaccountsreceivablewithregulatoryprotections
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CY2023Q4 wec Percentofnetaccountsreceivablewithregulatoryprotections
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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45400000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Regulatory Assets
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CY2022Q4 us-gaap Regulatory Assets
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CY2023Q4 us-gaap Regulatory Assets Current
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CY2022Q4 us-gaap Regulatory Assets Current
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CY2023Q4 us-gaap Regulatory Assets Noncurrent
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CY2022Q4 us-gaap Regulatory Assets Noncurrent
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CY2023Q4 us-gaap Regulatory Assets
RegulatoryAssets
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CY2022Q4 us-gaap Regulatory Assets
RegulatoryAssets
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CY2023Q4 us-gaap Public Utilities Amount Of Allowance For Earnings On Equity Capitalized For Rate Making Purposes
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26700000 usd
CY2022Q4 us-gaap Public Utilities Amount Of Allowance For Earnings On Equity Capitalized For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForEarningsOnEquityCapitalizedForRateMakingPurposes
27300000 usd
CY2023Q4 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
254600000 usd
CY2023Q4 wec Remaining Amounts Of Regulatory Assets Earning Short Term Interest Rate Return On Investment
RemainingAmountsOfRegulatoryAssetsEarningShortTermInterestRateReturnOnInvestment
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CY2023Q4 wec Remaining Amounts Of Regulatory Assets Earning Long Term Interest Rate Return On Investment
RemainingAmountsOfRegulatoryAssetsEarningLongTermInterestRateReturnOnInvestment
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CY2023Q4 wec Remaining Amounts Of Regulatory Assets Earning Return On Equity Return On Investment
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CY2022Q4 us-gaap Regulatory Liabilities
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CY2023Q4 us-gaap Regulatory Liability Current
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CY2022Q4 us-gaap Regulatory Liability Current
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CY2023Q4 us-gaap Regulatory Liability Noncurrent
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CY2022Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
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CY2023Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2022Q4 us-gaap Regulatory Liabilities
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Restructuring Reserve
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CY2021Q4 us-gaap Restructuring Reserve
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CY2020Q4 us-gaap Restructuring Reserve
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CY2023 us-gaap Restructuring Charges
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CY2022 us-gaap Restructuring Charges
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CY2021 us-gaap Restructuring Charges
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CY2023 us-gaap Payments For Restructuring
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CY2022 us-gaap Payments For Restructuring
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CY2021 us-gaap Payments For Restructuring
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CY2023Q4 us-gaap Restructuring Reserve
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CY2022Q4 us-gaap Restructuring Reserve
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CY2021Q4 us-gaap Restructuring Reserve
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CY2022Q4 us-gaap Asset Retirement Obligation
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CY2021Q4 us-gaap Asset Retirement Obligation
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CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
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CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
12800000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
31000000.0 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
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CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
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CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
18800000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
374200000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
479300000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
462000000.0 usd
CY2023 us-gaap Goodwill Period Increase Decrease
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CY2022 us-gaap Goodwill Period Increase Decrease
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CY2022Q4 us-gaap Goodwill
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CY2023Q4 us-gaap Goodwill
Goodwill
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CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2023Q3 us-gaap Goodwill Impairment Loss
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CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023 us-gaap Adjustment For Amortization
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CY2022 us-gaap Adjustment For Amortization
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11300000 usd
CY2021 us-gaap Adjustment For Amortization
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CY2023 wec Period Of Amortization
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CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
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11400000000 usd
CY2023Q4 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
525000000 usd
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2023 us-gaap Stock Issued During Period Shares New Issues
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0 shares
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
200000 shares
CY2022 us-gaap Stock Repurchased During Period Shares
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700000 shares
CY2021 us-gaap Stock Repurchased During Period Shares
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400000 shares
CY2023 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Stock Repurchased During Period Value
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69200000 usd
CY2021 us-gaap Stock Repurchased During Period Value
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33100000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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0.78
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
CY2022Q4 us-gaap Preferred Stock Value
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30400000 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
30400000 usd
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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3300000000 usd
CY2023Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1280500000 usd
CY2023Q4 wec Numberofextensionsavailableonacreditfacility
Numberofextensionsavailableonacreditfacility
2 extension
CY2023 wec Lengthofcreditfacilityextension
Lengthofcreditfacilityextension
P1Y
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q4 wec Integrys Fair Value Adjustment Long Term Debt
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