Company: WELPM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000107815-25-000105
Chunk: 5

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 5
---
17,199.6 $15,841.4 Liabilities and EquityCurrent liabilitiesShort-term debt$179.9 $360.8 Current portion of long-term debt (December 31, 2024 and December 31, 2023 include $9.2 and $9.0, respectively, related to WEPCo Environmental Trust)259.2 309.0 Current portion of finance lease obligations99.3 87.8 Accounts payable529.3 332.1 Accounts payable to related parties206.1 193.8 Other184.6 201.4 Current liabilities1,458.4 1,484.9 Long-term liabilitiesLong-term debt (December 31, 2024 and December 31, 2023 include $76.4 and $85.3, respectively, related to WEPCo Environmental Trust)3,728.0 3,045.4 Finance lease obligations2,742.9 2,752.2 Deferred income taxes1,655.7 1,513.5 Regulatory liabilities1,758.8 1,631.4 Other348.6 330.5 Long-term liabilities10,234.0 9,273.0 Commitments and contingencies (Note 22)Common shareholder's equityCommon stock – $10 par value; 65,000,000 shares authorized; 33,289,327 shares outstanding332.9 332.9 Additional paid in capital2,703.0 2,552.4 Retained earnings2,440.9 2,167.8 Common shareholder's equity5,476.8 5,053.1 Preferred stock30.4 30.4 Total liabilities and equity$17,199.6 $15,841.4 

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

2024 Form 10-K62Wisconsin Electric Power Company

D. CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31(in millions)202420232022Operating activitiesNet income$514.4 $481.8 $397.9 Reconciliation to cash provided by operating activitiesDepreciation and amortization573.7 525.0 479.7 Deferred income taxes and ITCs, net109.7 20.7 54.6