$WELPP
WISCONSIN ELECTRIC POWER CO

2023 Q3 Form 10-Q Financial Statement

#000010781523000228 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.103B $900.3M
YoY Change 1.96% -4.58%
Cost Of Revenue $394.3M $292.5M
YoY Change -14.11% -24.12%
Gross Profit $708.8M $607.8M
YoY Change 13.81% 8.92%
Gross Profit Margin 64.26% 67.51%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $132.8M $129.3M
YoY Change 10.67% 8.02%
% of Gross Profit 18.74% 21.27%
Operating Expenses
YoY Change
Operating Profit $310.9M $244.1M
YoY Change 13.8% 18.21%
Interest Expense $116.9M
YoY Change 3.36%
% of Operating Profit 47.89%
Other Income/Expense, Net -$97.40M -$97.90M
YoY Change -0.71% -3.74%
Pretax Income $213.5M $146.2M
YoY Change 21.93% 39.5%
Income Tax $49.70M $34.30M
% Of Pretax Income 23.28% 23.46%
Net Earnings
YoY Change
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 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $6.500M $28.70M
Short-Term Investments
Other Short-Term Assets $10.00M
YoY Change 9.89%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.126B
YoY Change 0.0%
LONG-TERM ASSETS
Property, Plant & Equipment $11.09B
YoY Change 6.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $82.40M
YoY Change -23.77%
Total Long-Term Assets $14.17B
YoY Change 5.71%
TOTAL ASSETS
Total Short-Term Assets $1.126B
Total Long-Term Assets $14.17B
Total Assets $15.30B
YoY Change 5.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $9.000M
YoY Change 2.27%
Total Short-Term Liabilities $799.0M
YoY Change -39.77%
LONG-TERM LIABILITIES
Long-Term Debt $3.349B
YoY Change 17.08%
Other Long-Term Liabilities $324.5M
YoY Change 13.94%
Total Long-Term Liabilities $9.510B
YoY Change 4.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $799.0M
Total Long-Term Liabilities $9.510B
Total Liabilities $10.31B
YoY Change -1.14%
SHAREHOLDERS EQUITY
Retained Earnings $2.171B
YoY Change 0.18%
Common Stock $332.9M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.080B $4.986B
YoY Change
Total Liabilities & Shareholders Equity $15.30B
YoY Change 5.27%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization $132.8M $129.3M
YoY Change 10.67% 8.02%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3300000 usd
CY2023Q3 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
5100000 usd
CY2023Q3 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
38400000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
23700000 usd
CY2022Q4 us-gaap Hedging Liabilities Current
HedgingLiabilitiesCurrent
28800000 usd
CY2023Q3 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
100000 usd
CY2023Q3 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
11400000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
15100000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
1200000 usd
CY2023Q3 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
5200000 usd
CY2023Q3 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
49800000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
38800000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
30000000.0 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-10700000 usd
CY2022Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
37700000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-63200000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
80600000 usd
CY2023Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
40800000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
46700000 usd
CY2023Q3 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
5200000 usd
CY2023Q3 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
49800000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
38800000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
30000000.0 usd
CY2023Q3 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
800000 usd
CY2023Q3 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
23900000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
1800000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
29500000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
4400000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
25900000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
37000000.0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
500000 usd
CY2023Q3 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
23100000 usd
CY2022Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
27700000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q3 us-gaap Purchase Obligation
PurchaseObligation
7300000000 usd
us-gaap Interest Paid Net
InterestPaidNet
312700000 usd
us-gaap Interest Paid Net
InterestPaidNet
308100000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-84800000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-62100000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
133300000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
68700000 usd
wep Receivable From A Related Party For The Transfer Of Assets
ReceivableFromARelatedPartyForTheTransferOfAssets
2400000 usd
wep Receivable From A Related Party For The Transfer Of Assets
ReceivableFromARelatedPartyForTheTransferOfAssets
0 usd
wep Liabilities Accrued For Software Licensing Agreement
LiabilitiesAccruedForSoftwareLicensingAgreement
0 usd
wep Liabilities Accrued For Software Licensing Agreement
LiabilitiesAccruedForSoftwareLicensingAgreement
3100000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6500000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6100000 usd
CY2023Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
3900000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3000000.0 usd
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
600000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
38600000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11000000.0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47700000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
260000000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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wep-20230930_cal.xml Edgar Link unprocessable
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0000107815-23-000228-index.html Edgar Link pending
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a2023q3we10qexhibit311.htm Edgar Link pending
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wep-20230930_def.xml Edgar Link unprocessable
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wep-20230930_htm.xml Edgar Link completed