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WEC Energy Group WEC Taxes other than income taxes

Segments

By segment

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Non-Utility Energy Infrastructure$5.4M0.0%
Corporate and Other$0-100%
Electric Transmission$0

Other financials

Income statement

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Revenue$3.4B+9.0%
Gross profit$2.0B+3.0%
Operating income$980.0M+4.5%
Net income$806.1M+11.1%
EPS (diluted)$2.45+7.9%

Balance sheet

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Cash & equivalents$107.3M-25.2%
Total debt$21.8B+22.6%
Total equity$14.6B+8.5%
Total assets$51.7B+7.3%

Cash flow

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Operating cash flow$1.2B+4.8%
CapEx$817.9M+16.7%
Free cash flow$400.5M-13.2%

Valuation

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Market cap$36.8B+9.1%
Enterprise value$58.49B+12.6%
P/E22.5×+2.2×
P/S3.7×0.0×

Profitability

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Gross margin65.4%-2.7pp
Operating margin22.7%-2.4pp
Net margin16.2%-1.7pp
FCF margin-10.7%

Returns & leverage

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Return on equity11.7%-0.9pp
Debt / equity1.5×+0.2×
Current ratio0.7×+0.2×

Questions, answered.

What does taxes other than income taxes mean?
Encompasses property taxes, franchise taxes, and other state or local levies that are not based on net income. These are mandatory costs of doing business in specific jurisdictions and are often recoverable through regulatory rate mechanisms.