Wisconsin Electric Power Co (WELPM) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
231 W MICHIGAN ST MILWAUKEE, WI 53290-0001 |
| State of Incorp. | WI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 0 | 6 | 6 | 7 | 19 | ||||
| Cash and cash equivalent | 0 | 6 | 6 | 7 | 19 | ||||
| Restricted cash and investments | 2 | 1 | |||||||
| Receivables | (47) | (45) | 696 | 645 | 534 | 521 | |||
| Inventory, net of allowances, customer advances and progress billings | 355 | 311 | 293 | 246 | 220 | 230 | |||
| Inventory | 355 | 311 | 293 | 246 | 220 | 230 | |||
| Prepaid expense | 165 | 139 | 139 | 97 | 99 | 104 | |||
| Derivative instruments and hedges, assets | 13 | 5 | |||||||
| Other current assets | 23 | 32 | 74 | 83 | 36 | 34 | |||
| Other undisclosed current assets | 762 | 756 | |||||||
| Total current assets: | 1,273 | 1,205 | 1,207 | 1,071 | 896 | 908 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 12,811 | 11,586 | 10,719 | 10,116 | 9,790 | 9,587 | |||
| Derivative instruments and hedges | 6 | ||||||||
| Regulated entity, other noncurrent assets | 2,946 | 2,861 | 2,818 | 2,775 | 2,803 | 2,755 | |||
| Restricted cash and investments | 1 | ||||||||
| Other noncurrent assets | 91 | 119 | 134 | 98 | 116 | 111 | |||
| Other undisclosed noncurrent assets | 79 | 71 | 143 | 79 | |||||
| Total noncurrent assets: | 15,927 | 14,636 | 13,813 | 13,074 | 12,710 | 12,453 | |||
| TOTAL ASSETS: | 17,200 | 15,841 | 15,020 | 14,145 | 13,605 | 13,361 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 401 | 348 | 330 | 331 | |||||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 25 | 12 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 43 | 51 | |||
| Accounts payable | 401 | 348 | 261 | 268 | |||||
| Accrued liabilities | |||||||||
| Debt | 538 | 758 | 582 | 493 | 659 | 116 | |||
| Derivative instruments and hedges, liabilities | 1 | 29 | |||||||
| Regulatory liability | 4 | 5 | |||||||
| Other liabilities | 185 | 201 | 211 | 156 | 97 | 106 | |||
| Due to related parties | ✕ | ✕ | ✕ | 179 | 171 | 172 | 185 | ||
| Other undisclosed current liabilities | 730 | 492 | 58 | ||||||
| Total current liabilities: | 1,458 | 1,485 | 1,372 | 1,167 | 1,257 | 795 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,471 | 5,798 | 6,054 | 5,581 | 5,236 | 5,551 | |||
| Long-term debt, excluding current maturities | 3,728 | 3,045 | 3,352 | 2,863 | 2,461 | 2,759 | |||
| Finance lease, liability | 2,743 | 2,752 | 2,702 | 2,718 | 2,774 | 2,783 | |||
| Liabilities, other than long-term debt | 3,763 | 3,475 | 3,427 | 3,451 | 3,420 | 2,085 | |||
| Deferred income tax liabilities | 1,656 | 1,514 | 1,467 | 1,402 | 1,357 | ||||
| Liability, pension and other postretirement and postemployment benefits | 31 | 39 | 86 | 60 | |||||
| Regulatory liability | 1,759 | 1,631 | 1,637 | 1,723 | 1,704 | 1,744 | |||
| Other liabilities | 349 | 331 | 291 | 288 | 273 | 281 | |||
| Operating lease, liability | 8 | ||||||||
| Derivative instruments and hedges, liabilities | 0 | ||||||||
| Other undisclosed noncurrent liabilities | 1,339 | ||||||||
| Total noncurrent liabilities: | 10,234 | 9,273 | 9,481 | 9,032 | 8,655 | 8,975 | |||
| Other undisclosed liabilities | 30 | ||||||||
| Total liabilities: | 11,692 | 10,758 | 10,853 | 10,200 | 9,913 | 9,800 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,507 | 5,084 | 4,167 | 3,945 | 3,693 | 3,592 | |||
| Preferred stock | 30 | 30 | 30 | 30 | 30 | 30 | |||
| Common stock | 333 | 333 | 333 | 333 | 333 | 333 | |||
| Additional paid in capital | 2,703 | 2,552 | 1,747 | 1,291 | 1,060 | 930 | |||
| Retained earnings | 2,441 | 2,168 | 2,057 | 2,291 | 2,269 | 2,299 | |||
| Other undisclosed equity | (30) | ||||||||
| Total equity: | 5,507 | 5,084 | 4,167 | 3,945 | 3,693 | 3,561 | |||
| TOTAL LIABILITIES AND EQUITY: | 17,200 | 15,841 | 15,020 | 14,145 | 13,605 | 13,361 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,980 | 4,045 | 4,070 | 3,665 | 3,367 | 3,497 | ||
| Cost of revenue (Cost of Product and Service Sold) | (1,300) | (1,451) | (1,693) | (1,341) | (1,075) | (1,191) | ||
| Gross profit: | 2,680 | 2,594 | 2,377 | 2,323 | 2,292 | 2,306 | ||
| Operating expenses | (1,045) | (1,046) | (957) | (997) | (1,005) | (1,161) | ||
| Other undisclosed operating loss | (574) | (525) | (480) | (458) | (427) | (384) | ||
| Operating income: | 1,061 | 1,022 | 940 | 869 | 861 | 760 | ||
| Nonoperating income (expense) | (410) | 69 | 49 | 32 | 19 | 23 | ||
| Other nonoperating income | 79 | 69 | 49 | 32 | 19 | 23 | ||
| Interest and debt expense | (489) | (467) | (458) | (460) | (468) | (477) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 161 | 625 | 531 | 441 | 412 | 306 | ||
| Other undisclosed income from continuing operations before income taxes | 489 | |||||||
| Income from continuing operations before income taxes: | 651 | 625 | 531 | 441 | 412 | 306 | ||
| Income tax expense (benefit) | (136) | (143) | (133) | (58) | (45) | 58 | ||
| Income from continuing operations: | 514 | 482 | 398 | 382 | 367 | 363 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 382 | 367 | 363 | |
| Net income attributable to parent: | 514 | 482 | 398 | 382 | 367 | 363 | ||
| Preferred stock dividends and other adjustments | (1) | (1) | (1) | (1) | (1) | |||
| Other undisclosed net loss available to common stockholders, basic | (1) | |||||||
| Net income available to common stockholders, diluted: | 513 | 481 | 397 | 381 | 366 | 362 | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 514 | 482 | 398 | 382 | 367 | 363 | ||
| Comprehensive income, net of tax, attributable to parent: | 514 | 482 | 398 | 382 | 367 | 363 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.