WEC Energy Group (WEC) Financials

WEC Energy Group Inc (WEC) is a leading diversified energy company headquartered in Milwaukee, Wisconsin. The company operates in four business segments: Wisconsin Energy, We Power, Minnesota Energy Resources, and Michigan Gas Utilities. WEC Energy Group Inc is committed to providing reliable and affordable energy solutions to its customers while focusing on environmental sustainability. The company's financial statements reflect its strong performance and stability in the energy industry.

According to the income statement, WEC Energy Group Inc reported a total revenue of $7.2 billion for the latest fiscal year. The company's gross profit was $3.4 billion, indicating a healthy margin. The operating cash flow was $2.1 billion, demonstrating the company's strong cash generation ability. The net income from stockholders was $1.2 billion, highlighting the profitability of the company.

Moving on to the balance sheet, WEC Energy Group Inc's total assets were valued at $37.5 billion, showcasing the company's substantial asset base. The total liabilities were $18.6 billion, indicating a strong financial position. The stockholders' equity stood at $18.9 billion, reflecting the shareholders' net investment in the company.

In terms of liquidity, WEC Energy Group Inc had cash equivalents of $612 million, ensuring the company's ability to meet short-term obligations. The net debt was $10.4 billion, indicating a moderate level of leverage. Moreover, the company's financing cash flow was $1.5 billion, reflecting the cash flows related to financing activities such as debt issuance or share repurchases.

Furthermore, WEC Energy Group Inc had a positive free cash flow of $1.8 billion, indicating its ability to generate excess cash after covering operating and capital expenses. The investing cash flow was $1.2 billion, representing cash flows related to acquisitions, capital expenditures, and investments in securities. The company's focus on investing in growth opportunities is evident through this cash flow category.

In summary, WEC Energy Group Inc's financials demonstrate its strong performance and stability in the energy industry. The company's total revenue, gross profit, and net income from stockholders reflect its profitability. Additionally, the balance sheet showcases the company's substantial asset base and strong financial position. With a focus on environmental sustainability and providing reliable energy solutions, WEC Energy Group Inc remains a prominent player in the energy sector.