Schedule I Financial Statements of Parent Company

12 Months Ended

Dec. 31, 2011

Schedule I Financial Statements of Parent Company [Abstract]

Schedule I Financial Statements of Parent Company

Schedule I – Parent Company Financial Statements

GREAT PLAINS ENERGY INCORPORATED
Income Statements of Parent Company
Year Ended December 31	2011			2010			2009
Operating Expenses	(millions, except per share amounts)
Selling, general and administrative	$	0.8		$	1.2		$	8.8
Maintenance		-			-			0.2
General taxes		0.9			0.9			1.1
Total		1.7			2.1			10.1
Operating loss		(1.7	)		(2.1	)		(10.1	)
Equity in earnings from subsidiaries		200.8			239.3			174.7
Non-operating income		24.7			3.4			-
Interest charges		(66.5	)		(44.7	)		(28.2	)
Income from continuing operations before income taxes		157.3			195.9			136.4
Income tax benefit		17.1			15.8			15.2
Income from continuing operations		174.4			211.7			151.6
Equity in loss from discontinued subsidiary		-			-			(1.5	)
Net income		174.4			211.7			150.1
Preferred stock dividend requirements		1.6			1.6			1.6
Earnings available for common shareholders	$	172.8		$	210.1		$	148.5
Average number of basic common shares outstanding		135.6			135.1			129.3
Average number of diluted common shares outstanding		138.7			136.9			129.8
Basic earnings (loss) per common share
Continuing operations	$	1.27		$	1.55		$	1.16
Discontinued operations		-			-			(0.01	)
Basic earnings per common share	$	1.27		$	1.55		$	1.15
Diluted earnings (loss) per common share
Continuing operations	$	1.25		$	1.53		$	1.15
Discontinued operations		-			-			(0.01	)
Diluted earnings per common share	$	1.25		$	1.53		$	1.14
Cash dividends per common share	$	0.835		$	0.83		$	0.83
The accompanying Notes to Financial Statements of Parent Company are an integral part of these statements.

GREAT PLAINS ENERGY INCORPORATED
Balance Sheets of Parent Company
December 31	2011			2010
ASSETS	(millions, except share amounts)
Current Assets
Cash and cash equivalents	$	-		$	0.3
Notes receivable from subsidiaries		0.6			249.4
Money pool receivable		0.9			2.0
Taxes receivable		0.9			7.2
Other		0.6			0.7
Total		3.0			259.6
Investments and Other Assets
Investment in KCP&L		2,045.5			2,005.0
Investments in other subsidiaries		1,377.0			1,360.2
Note receivable from subsidiaries		596.2			-
Deferred income taxes		33.7			7.2
Other		6.4			6.2
Total		4,058.8			3,378.6
Total	$	4,061.8		$	3,638.2
LIABILITIES AND CAPITALIZATION
Current Liabilities
Notes payable	$	22.0		$	9.5
Current maturities of long-term debt		287.5			-
Accounts payable to subsidiaries		31.8			31.1
Accrued taxes		5.1			-
Accrued interest		7.6			6.4
Derivative instruments		-			20.8
Other		2.9			7.1
Total		356.9			74.9
Deferred Credits and Other Liabilities
Other		6.7			1.4
Total		6.7			1.4
Capitalization
Common shareholders' equity
Common stock - 250,000,000 shares authorized without par value
136,406,306 and 136,113,954 shares issued, stated value		2,330.6			2,324.4
Retained earnings		684.7			626.5
Treasury stock - 264,567 and 400,889 shares, at cost		(5.6	)		(8.9	)
Accumulated other comprehensive loss		(49.8	)		(56.1	)
Total		2,959.9			2,885.9
Cumulative preferred stock $100 par value
3.80% - 100,000 shares issued		10.0			10.0
4.50% - 100,000 shares issued		10.0			10.0
4.20% - 70,000 shares issued		7.0			7.0
4.35% - 120,000 shares issued		12.0			12.0
Total		39.0			39.0
Long-term debt		699.3			637.0
Total		3,698.2			3,561.9
Commitments and Contingencies
Total	$	4,061.8		$	3,638.2
The accompanying Notes to Financial Statements of Parent Company are an integral part of these statements.

GREAT PLAINS ENERGY INCORPORATED
Statements of Cash Flows of Parent Company
Year Ended December 31	2011			2010			2009
Cash Flows from Operating Activities	(millions)
Net income	$	174.4		$	211.7		$	150.1
Adjustments to reconcile income to net cash from operating activities:
Amortization		11.2			3.9			1.9
Deferred income taxes, net		(18.6	)		13.9			(6.1	)
Equity in earnings from subsidiaries		(200.8	)		(239.3	)		(174.7	)
Equity in (earnings) loss from discontinued subsidiary		-			-			1.5
Cash flows affected by changes in:
Accounts receivable from subsidiaries		-			(2.6	)		3.7
Taxes receivable		6.3			-			4.8
Accounts payable to subsidiaries		(0.3	)		2.2			0.2
Other accounts payable		-			(0.1	)		0.1
Accrued taxes		5.2			-			-
Accrued interest		1.2			2.7			1.4
Cash dividends from subsidiaries		148.0			138.6			94.0
Interest hedge settlement		(26.1	)		(6.9	)		-
Other		2.1			(0.9	)		8.8
Net cash from operating activities		102.6			123.2			85.7
Cash Flows from Investing Activities
Equity contributions to subsidiaries		-			-			(455.0	)
Intercompany lending		(347.4	)		(248.8	)		-
Net money pool lending		1.1			(1.1	)		(0.9	)
Net cash from investing activities		(346.3	)		(249.9	)		(455.9	)
Cash Flows from Financing Activities
Issuance of common stock		5.9			6.2			219.9
Issuance of long-term debt		349.7			249.9			287.5
Issuance fees		(3.2	)		(3.2	)		(18.8	)
Net change in short-term borrowings		12.5			(10.5	)		(10.0	)
Dividends paid		(115.1	)		(114.2	)		(110.5	)
Other financing activities		(6.4	)		(7.3	)		(3.8	)
Net cash from financing activities		243.4			120.9			364.3
Net Change in Cash and Cash Equivalents		(0.3	)		(5.8	)		(5.9	)
Cash and Cash Equivalents at Beginning of Year		0.3			6.1			12.0
Cash and Cash Equivalents at End of Year	$	-		$	0.3		$	6.1
The accompanying Notes to Financial Statements of Parent Company are an integral part of these statements.

GREAT PLAINS ENERGY INCORPORATED

Statements of Common Shareholders’ Equity of Parent Company

Statements of Comprehensive Income of Parent Company

Incorporated by reference is Great Plains Energy Consolidated Statements of Common Shareholders’ Equity and Consolidated Statements of Comprehensive Income.