Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 29

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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D CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)Three Months EndedMarch 31(in millions)20252024Operating activitiesNet income$196.4 $134.3 Reconciliation to cash provided by operating activitiesDepreciation and amortization150.9 139.6 Deferred income taxes and ITCs, net(38.1)8.1 Change in –Accounts receivable and unbilled revenues, net1.0 34.5 Materials, supplies, and inventories49.8 22.4 Prepaid taxes52.4 28.7 Other current assets1.3 2.6 Accounts payable(120.2)(64.5)Accrued taxes50.2 34.8 Accrued interest33.2 35.1 Other current liabilities6.2 (3.9)Other, net8.6 (2.3)Net cash provided by operating activities391.7 369.4 Investing activitiesCapital expenditures(417.9)(203.0)Reimbursement for ATC's transmission infrastructure upgrades33.1 6.2 Other, net(5.8)(0.5)Net cash used in investing activities(390.6)(197.3)Financing activitiesChange in short-term debt(151.9)(83.9)Payments for finance lease obligations(23.8)(20.7)Equity contribution from parent300.0 — Payment of dividends to parent(60.0)(60.0)Other, net(0.3)(0.3)Net cash provided by (used in) financing activities64.0 (164.9)Net change in cash, cash equivalents, and restricted cash65.1 7.2 Cash, cash equivalents, and restricted cash at beginning of period2.5 7.5 Cash, cash equivalents, and restricted cash at end of period$67.6 $14.7 

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

03/31/2025 Form 10-Q6Wisconsin Electric Power Company

WISCONSIN ELECTRIC POWER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)Wisconsin Electric Power Company Common Shareholder's Equity(in millions)Common StockAdditional Paid In CapitalRetained EarningsTotal Common Shareholder's Equity