Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 43

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 $10 par value; 65,000,000 shares authorized; 33,289,327 shares outstanding332.9 332.9 Additional paid in capital3,788.6 2,703.0 Retained earnings2,712.6 2,440.9 Common shareholder's equity6,834.1 5,476.8 Preferred stock30.4 30.4 Total liabilities and equity$18,664.3 $17,199.6 

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

09/30/2025 Form 10-Q5Wisconsin Electric Power Company

Table of Contents

WISCONSIN ELECTRIC POWER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)Nine Months EndedSeptember 30(in millions)20252024Operating activitiesNet income$512.6 $389.6 Reconciliation to cash provided by operating activitiesDepreciation and amortization467.6 427.1 Deferred income taxes and ITCs, net24.1 60.7 Change in –Accounts receivable and unbilled revenues, net44.2 52.1 Materials, supplies, and inventories17.0 (3.2)Prepaid taxes57.4 30.7 Other current assets2.7 22.1 Accounts payable(72.2)(22.1)Accrued taxes20.1 2.4 Accrued interest29.5 31.3 Other current liabilities(19.5)(7.8)Other, net(88.9)21.2 Net cash provided by operating activities994.6 1,004.1 Investing activitiesCapital expenditures(1,891.1)(988.0)Acquisition of West Riverside— (97.9)Reimbursement for ATC's transmission infrastructure upgrades33.1 6.2 Other, net1.8 (2.1)Net cash used in investing activities(1,856.2)(1,081.8)Financing activitiesChange in short-term debt(142.9)(360.8)Issuance of long-term debt499.6 947.4 Retirement of long-term debt(254.6)(4.5)Payments for finance lease obligations(73.9)(64.9)Equity