Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 41

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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Additional paid in capital3,413.5 2,703.0 Retained earnings2,635.6 2,440.9 Common shareholder's equity6,382.0 5,476.8 Preferred stock30.4 30.4 Total liabilities and equity$17,747.7 $17,199.6 

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

06/30/2025 Form 10-Q5Wisconsin Electric Power Company

Table of Contents

WISCONSIN ELECTRIC POWER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)Six Months EndedJune 30(in millions)20252024Operating activitiesNet income$315.2 $219.9 Reconciliation to cash provided by operating activitiesDepreciation and amortization307.2 281.6 Deferred income taxes and ITCs, net13.0 31.9 Change in –Accounts receivable and unbilled revenues, net(18.0)42.0 Materials, supplies, and inventories35.7 5.2 Prepaid taxes30.1 (15.6)Other prepayments10.2 12.8 Collateral on deposit(0.9)12.8 Other current assets1.9 — Accounts payable(122.0)12.3 Accrued taxes12.7 (9.8)Other current liabilities(19.1)(8.4)Other, net1.7 32.1 Net cash provided by operating activities567.7 616.8 Investing activitiesCapital expenditures(869.1)(548.3)Acquisition of West Riverside— (98.2)Reimbursement for ATC's transmission infrastructure upgrades33.1 6.2 Other, net(11.0)(1.6)Net cash used in investing activities(847.0)(641.9)Financing activitiesChange in short-term debt(5.4)(160.3)Issuance of long-term debt— 349.2 Retirement of long-term debt(254.6)(4.5)Payments for finance lease obligations(48.4)(42.4)Equity contribution from parent710.0 — Payment of dividends to parent(120.0)(120.0)Other, net(0.