2012 Q1 Form 10-Q Financial Statement

#000010781512000074 Filed on May 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.20M $54.40M
YoY Change 12.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $172.3M $155.3M
YoY Change 10.95%
Interest Expense $25.20M $24.20M
YoY Change 4.13%
% of Operating Profit 14.63% 15.58%
Other Income/Expense, Net $15.90M $12.30M
YoY Change 29.27%
Pretax Income $176.7M $157.0M
YoY Change 12.55%
Income Tax $60.80M $49.50M
% Of Pretax Income 34.41% 31.53%
Net Earnings $115.9M $107.5M
YoY Change 7.81%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 33.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $16.50M $11.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $287.2M
Other Receivables
Total Short-Term Assets $1.051B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $8.843B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $150.8M
YoY Change
Total Long-Term Assets $10.62B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.051B
Total Long-Term Assets $10.62B
Total Assets $11.67B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.1M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $884.6M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.268B
YoY Change
Other Long-Term Liabilities $220.1M
YoY Change
Total Long-Term Liabilities $2.488B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $884.6M
Total Long-Term Liabilities $2.488B
Total Liabilities $3.373B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.248B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $11.67B
YoY Change

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $115.9M $107.5M
YoY Change 7.81%
Depreciation, Depletion And Amortization $61.20M $54.40M
YoY Change 12.5%
Cash From Operating Activities $230.2M $209.7M
YoY Change 9.78%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $12.10M $12.00M
YoY Change 0.83%
Cash From Investing Activities -$110.7M -$125.7M
YoY Change -11.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$115.7M -$95.90M
YoY Change 20.65%
NET CHANGE
Cash From Operating Activities $230.2M $209.7M
Cash From Investing Activities -$110.7M -$125.7M
Cash From Financing Activities -$115.7M -$95.90M
Net Change In Cash $3.800M -$11.90M
YoY Change -131.93%
FREE CASH FLOW
Cash From Operating Activities $230.2M $209.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2012Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">NEW ACCOUNTING PRONOUNCEMENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Presentation of Comprehensive Income:&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;">In June 2011, the Financial Accounting Standards Board (FASB) issued guidance on the presentation of comprehensive income. This guidance eliminates the option of presenting components of other comprehensive income as part of the statement of changes in stockholders' equity. The guidance gives entities the option to present the total of comprehensive income, the components of net income and the components of other comprehensive income in either a single continuous statement of comprehensive income or in two separate but consecutive statements. In December 2011, the FASB issued an amendment to indefinitely defer one of the requirements contained in its June 2011 final standard. That requirement called for reclassification adjustments from accumulated other comprehensive income to be measured and presented by income statement line item in net income and also in other comprehensive income. This guidance, including the related deferral, is effective for fiscal years and interim periods beginning after December 15, 2011 and must be applied retrospectively. We adopted this guidance on January 1, 2012, and it did not have any material impact on us.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Fair Value Measurement:&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;">In May 2011, the FASB issued guidance amending existing guidance for measuring fair value and for disclosing information about fair value measurements. Under the new guidance, required disclosures are expanded, particularly for fair value measurements that are categorized within Level 3 of the fair value hierarchy, for which quantitative information about the unobservable inputs, the valuation processes used by the entity, and the sensitivity of the measurement to the unobservable inputs will be required. Entities are also required to disclose the categorization, by level of the fair value hierarchy, of items that are not measured at fair value in the balance sheets but for which the fair value is required to be disclosed. This guidance is effective for fiscal years and interim periods beginning after December&#160;15, 2011 and must be applied prospectively. We adopted this guidance on January 1, 2012, and it did not have any material impact on us.</font></div></div>
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CY2012Q1 dei Amendment Flag
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CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
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CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2012Q1 dei Entity Current Reporting Status
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CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
WISCONSIN ELECTRIC POWER CO
CY2012Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0000107815-12-000074-index-headers.html Edgar Link pending
0000107815-12-000074-index.html Edgar Link pending
0000107815-12-000074.txt Edgar Link pending
0000107815-12-000074-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R2.htm Edgar Link pending
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