$WELPP
WISCONSIN ELECTRIC POWER CO Stock $welpp

$welpp Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000010781515000059 Filed on May 07, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$1.085B	$1.227B
YoY Change	-11.58%	22.11%
Cost Of Revenue	$433.4M
YoY Change
Gross Profit	$651.2M
YoY Change
Gross Profit Margin	60.04%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$74.70M	$72.70M
YoY Change	2.75%	6.29%
% of Gross Profit	11.47%
Operating Expenses
YoY Change
Operating Profit	$204.7M	$221.8M
YoY Change	-7.71%	28.13%
Interest Expense	$28.70M	$30.90M
YoY Change	-7.12%	-3.13%
% of Operating Profit	14.02%	13.93%
Other Income/Expense, Net	-$12.00M	$800.0K
YoY Change	-1600.0%	-80.49%
Pretax Income	$192.7M	$206.9M
YoY Change	-6.86%	29.31%
Income Tax	$71.00M	$79.60M
% Of Pretax Income	36.84%	38.47%
Net Earnings	$121.7M	$127.3M
YoY Change	-4.4%	21.59%
Net Earnings / Revenue	11.22%	10.38%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding	33.29M shares	33.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$15.30M	$26.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$308.3M	$431.7M
Other Receivables
Total Short-Term Assets	$967.9M	$1.033B
YoY Change	-6.28%	2.47%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.504B	$9.288B
YoY Change	2.33%	1.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$156.5M	$130.8M
YoY Change	19.65%	-5.22%
Total Long-Term Assets	$11.69B	$11.17B
YoY Change	4.69%	0.79%
TOTAL ASSETS
Total Short-Term Assets	$967.9M	$1.033B
Total Long-Term Assets	$11.69B	$11.17B
Total Assets	$12.66B	$12.20B
YoY Change	3.76%	0.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$237.0M	$289.0M
YoY Change	-17.99%	43.85%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.272B	$1.093B
YoY Change	16.42%	14.2%
LONG-TERM LIABILITIES
Long-Term Debt	$2.166B	$2.168B
YoY Change	-0.09%	-2.22%
Other Long-Term Liabilities	$223.7M	$206.7M
YoY Change	8.22%	1.08%
Total Long-Term Liabilities	$2.390B	$2.375B
YoY Change	0.64%	-1.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.272B	$1.093B
Total Long-Term Liabilities	$2.390B	$2.375B
Total Liabilities	$3.662B	$3.468B
YoY Change	5.61%	2.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$3.478B	$3.430B
YoY Change	1.43%	0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity	$12.66B	$12.20B
YoY Change	3.76%	0.93%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	$121.7M	$127.3M
YoY Change	-4.4%	21.59%
Depreciation, Depletion And Amortization	$74.70M	$72.70M
YoY Change	2.75%	6.29%
Cash From Operating Activities	$144.9M	$283.8M
YoY Change	-48.94%	53.16%
INVESTING ACTIVITIES
Capital Expenditures	$102.1M	$96.00M
YoY Change	6.35%	-11.68%
Acquisitions
YoY Change
Other Investing Activities	$1.100M	$4.900M
YoY Change	-77.55%	-39.51%
Cash From Investing Activities	-$104.4M	-$104.4M
YoY Change	0.0%	-11.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$49.20M	-$177.8M
YoY Change	-72.33%	130.01%
NET CHANGE
Cash From Operating Activities	$144.9M	$283.8M
Cash From Investing Activities	-$104.4M	-$104.4M
Cash From Financing Activities	-$49.20M	-$177.8M
Net Change In Cash	-$8.700M	$1.600M
YoY Change	-643.75%	-116.0%
FREE CASH FLOW
Cash From Operating Activities	$144.9M	$283.8M
Capital Expenditures	$102.1M	$96.00M
Free Cash Flow	$42.80M	$187.8M
YoY Change	-77.21%	145.17%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2015Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
CY2015Q1	dei	Document Type DocumentType	10-Q
CY2015Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000107815
CY2015Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	33289327	shares
CY2015Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2015Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2014Q2	dei	Entity Public Float EntityPublicFloat	25800000	USD
CY2015Q1	dei	Entity Registrant Name EntityRegistrantName	WISCONSIN ELECTRIC POWER CO
CY2015Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2015Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
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CY2015Q1	us-gaap	Business Acquisition Date Of Acquisition Agreement1 BusinessAcquisitionDateOfAcquisitionAgreement1	2014-06-22
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CY2014Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	65100000	USD
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CY2015Q1	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	611200000	USD
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CY2015Q1	us-gaap	Revenue From Grants RevenueFromGrants	2500000	USD
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CY2014Q1	us-gaap	Sales Revenue Energy Services SalesRevenueEnergyServices	1226700000	USD
CY2015Q1	us-gaap	Sales Revenue Energy Services SalesRevenueEnergyServices	1084600000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P3Y
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.038
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.037
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.180
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.180
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	3975052	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	25.88
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	13900000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	9900000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	6607682	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	32.11
CY2014Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y10M
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y10M
CY2015Q1	us-gaap	Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2 SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2	P4Y2M
CY2015Q1	us-gaap	Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2 SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2	P5Y11M
CY2014Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	28500000	USD
CY2015Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	29400000	USD
CY2014Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	1008400000	USD
CY2015Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	882400000	USD
CY2014Q1	us-gaap	Utilities Operating Expense Maintenance And Operations UtilitiesOperatingExpenseMaintenanceAndOperations	337600000	USD
CY2015Q1	us-gaap	Utilities Operating Expense Maintenance And Operations UtilitiesOperatingExpenseMaintenanceAndOperations	342400000	USD
CY2014Q4	wec	Accrued Revenues AccruedRevenues	223100000	USD
CY2015Q1	wec	Accrued Revenues AccruedRevenues	182600000	USD
CY2015Q1	wec	Capital Lease Agreement With Vie Remaining Term In Years CapitalLeaseAgreementWithVieRemainingTermInYears	7
CY2015Q1	wec	Cashpershareof Integryscommonstock CashpershareofIntegryscommonstock	18.58
CY2015Q1	wec	Estimateofacquisitionrelateddebt Estimateofacquisitionrelateddebt	1500000000	USD
CY2015Q1	wec	Estimateofnumberof We Csharestobeissuedforacquisition EstimateofnumberofWECsharestobeissuedforacquisition	91000000	shares
CY2015Q1	wec	Numberof We Csharesper Integrysshare NumberofWECsharesperIntegrysshare	1.128	shares
CY2015Q1	wec	Power Capacity Under Capital Lease PowerCapacityUnderCapitalLease	236
CY2015Q1	wec	Share Based Compensation Arrangement By Share Based Payment Award Award Percentage To Vest Each Year After Grant Date ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardPercentageToVestEachYearAfterGrantDate	0.33
CY2014Q1	wec	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate	0.020
CY2015Q1	wec	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate	0.020
CY2014Q4	wec	Subsidiary Note Payable To Wisconsin Energy SubsidiaryNotePayableToWisconsinEnergy	22400000	USD
CY2015Q1	wec	Subsidiary Note Payable To Wisconsin Energy SubsidiaryNotePayableToWisconsinEnergy	20100000	USD
CY2014Q4	wec	Total Deferred Charges And Other Assets TotalDeferredChargesAndOtherAssets	1733200000	USD
CY2015Q1	wec	Total Deferred Charges And Other Assets TotalDeferredChargesAndOtherAssets	1809200000	USD
CY2014Q4	wec	Total Deferred Credits And Other Liabilities TotalDeferredCreditsAndOtherLiabilities	3064900000	USD
CY2015Q1	wec	Total Deferred Credits And Other Liabilities TotalDeferredCreditsAndOtherLiabilities	3011400000	USD
CY2015Q1	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: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%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition: </font><font style="font-family:Arial;font-size:10pt;">In May 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued their joint revenue recognition standard Accounting Standards Update 2014-09, Revenue from Contracts with Customers. This guidance is effective for fiscal years and interim periods beginning after December 15, 2016, and can either be applied retrospectively or as a cumulative-effect adjustment as of the date of adoption. We are currently assessing the effects this guidance may have on our consolidated financial statements.</font></div></div>

Files In Submission

Name	View Source	Status
0000107815-15-000059-index-headers.html	Edgar Link	pending
0000107815-15-000059-index.html	Edgar Link	pending
0000107815-15-000059.txt	Edgar Link	pending
0000107815-15-000059-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	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
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R15.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
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R32.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wec-20150331.xml	Edgar Link	completed
wec-20150331.xsd	Edgar Link	pending
wec-20150331_cal.xml	Edgar Link	unprocessable
wec-20150331_def.xml	Edgar Link	unprocessable
wec-20150331_lab.xml	Edgar Link	unprocessable
wec-20150331_pre.xml	Edgar Link	unprocessable
wepco0331201510q.htm	Edgar Link	pending
wepco03312015ex121.htm	Edgar Link	pending
wepco03312015ex311.htm	Edgar Link	pending
wepco03312015ex312.htm	Edgar Link	pending
wepco03312015ex321.htm	Edgar Link	pending
wepco03312015ex322.htm	Edgar Link	pending

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2015 Q1 Form 10-Q Financial Statement

#000010781515000059 Filed on May 07, 2015

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$WELPP WISCONSIN ELECTRIC POWER CO Stock $welpp

2015 Q1 Form 10-Q Financial Statement

#000010781515000059 Filed on May 07, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WELPP
WISCONSIN ELECTRIC POWER CO Stock $welpp