WEC
Income statement / Annual
Last year (2023), WEC Energy Group, Inc.'s total revenue was $8.89 B,
a decrease of 7.34% from the previous year.
In 2023, WEC Energy Group, Inc.'s net income was $1.33 B.
See WEC Energy Group, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$8.89 B
|
$9.60 B
|
$8.32 B
|
$7.24 B
|
$7.52 B
|
$7.68 B
|
$7.65 B
|
$7.47 B
|
$5.93 B
|
$5.00 B
|
| Cost of Revenue |
$4.46 B |
$6.30 B |
$5.32 B |
$4.35 B |
$4.86 B |
$5.17 B |
$4.87 B |
$4.83 B |
$3.95 B |
$3.37 B |
| Gross Profit |
$4.44 B |
$3.30 B |
$3.00 B |
$2.89 B |
$2.66 B |
$2.51 B |
$2.78 B |
$2.64 B |
$1.98 B |
$1.63 B |
| Gross Profit Ratio |
0.5 |
0.34 |
0.36 |
0.4 |
0.35 |
0.33 |
0.36 |
0.35 |
0.33 |
0.33 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$91.80 M
|
$97.40 M
|
$68.60 M
|
$35.50 M
|
$30.10 M
|
$18.90 M
|
$1.90 M
|
$14.20 M
|
$0.00
|
$0.00
|
| Other Expenses |
$1.61 B |
$1.38 B |
$1.28 B |
$1.18 B |
$1.13 B |
$70.30 M |
$64.60 M |
$80.80 M |
$58.90 M |
$13.40 M |
| Operating Expenses |
$1.70 B |
$1.38 B |
$1.28 B |
$1.18 B |
$1.13 B |
$1.04 B |
$993.50 M |
$957.30 M |
$726.20 M |
$513.20 M |
| Cost And Expenses |
$6.99 B |
$7.67 B |
$6.60 B |
$5.54 B |
$5.99 B |
$6.21 B |
$5.86 B |
$5.79 B |
$4.68 B |
$3.89 B |
| Interest Income |
$0.00 |
$516.30 M |
$472.30 M |
$494.90 M |
$502.70 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.20 M |
| Interest Expense |
$726.90 M |
$515.10 M |
$471.10 M |
$493.70 M |
$501.50 M |
$445.10 M |
$415.70 M |
$402.70 M |
$331.40 M |
$241.50 M |
| Depreciation &
Amortization |
$1.26 B
|
$1.12 B
|
$1.07 B
|
$975.90 M
|
$926.30 M
|
$845.80 M
|
$798.60 M
|
$762.60 M
|
$583.50 M
|
$419.40 M
|
| EBITDA |
$3.45 B
|
$3.15 B
|
$2.86 B
|
$2.72 B
|
$2.49 B
|
$2.34 B
|
$2.58 B
|
$2.44 B
|
$1.83 B
|
$1.60 B
|
| EBITDA Ratio |
0.39 |
0.35 |
0.37 |
0.41 |
0.36 |
0.33 |
0.37 |
0.36 |
0.34 |
0.32 |
| Operating Income Ratio
|
0.21
|
0.2
|
0.21
|
0.24
|
0.2
|
0.19
|
0.23
|
0.23
|
0.21
|
0.22
|
| Total Other
Income/Expenses Net |
-$371.70 M
|
-$191.60 M
|
-$216.10 M
|
-$276.80 M
|
-$271.70 M
|
-$238.10 M
|
-$187.70 M
|
-$189.60 M
|
-$176.40 M
|
-$162.10 M
|
| Income Before Tax |
$1.54 B |
$1.73 B |
$1.50 B |
$1.43 B |
$1.26 B |
$1.23 B |
$1.59 B |
$1.51 B |
$1.07 B |
$950.00 M |
| Income Before Tax Ratio
|
0.17
|
0.18
|
0.18
|
0.2
|
0.17
|
0.16
|
0.21
|
0.2
|
0.18
|
0.19
|
| Income Tax Expense |
$204.60 M |
$322.90 M |
$200.30 M |
$227.90 M |
$125.00 M |
$169.80 M |
$383.50 M |
$566.50 M |
$433.80 M |
$361.70 M |
| Net Income |
$1.33 B |
$1.41 B |
$1.30 B |
$1.20 B |
$1.14 B |
$1.06 B |
$1.20 B |
$940.20 M |
$640.30 M |
$588.30 M |
| Net Income Ratio |
0.15 |
0.15 |
0.16 |
0.17 |
0.15 |
0.14 |
0.16 |
0.13 |
0.11 |
0.12 |
| EPS |
4.22 |
4.46 |
4.12 |
3.8 |
3.6 |
3.36 |
3.81 |
2.98 |
2.36 |
2.61 |
| EPS Diluted |
4.22 |
4.45 |
4.11 |
3.79 |
3.58 |
3.35 |
3.79 |
2.96 |
2.34 |
2.59 |
| Weighted Average Shares
Out |
$315.40 M
|
$315.40 M
|
$315.40 M
|
$315.40 M
|
$315.40 M
|
$315.50 M
|
$315.60 M
|
$315.60 M
|
$271.10 M
|
$225.60 M
|
| Weighted Average Shares
Out Diluted |
$315.90 M
|
$316.10 M
|
$316.30 M
|
$316.50 M
|
$316.70 M
|
$316.90 M
|
$317.20 M
|
$316.90 M
|
$272.70 M
|
$227.50 M
|
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