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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues        
Electric revenues $ 857.2 $ 856.8 $ 2,110.5 $ 2,099.7
Operating Expenses        
Fuel and purchased power 180.0 184.1 464.0 462.2
Transmission 29.1 23.8 80.4 64.5
Utility operating and maintenance expenses 187.9 193.3 555.0 553.1
Costs to achieve the anticipated merger with Westar Energy, Inc. (2.4) 14.4 24.4 19.4
Depreciation and amortization 92.7 86.4 277.7 256.9
General taxes 63.5 63.7 176.1 174.5
Other 0.5 9.2 3.1 15.0
Total 551.3 574.9 1,580.7 1,545.6
Operating income 305.9 281.9 529.8 554.1
Other Income and Expenses        
Non-operating income 8.1 4.3 27.6 9.7
Non-operating expenses (20.3) (3.0) (27.9) (10.7)
Loss on Series B Preferred Stock dividend make-whole provisions [Note 12] (67.7) 0.0 (124.8) 0.0
Loss on extinguishment of debt [Note 11] (82.8) 0.0 (82.8) 0.0
Total (162.7) 1.3 (207.9) (1.0)
Interest charges (30.9) (67.6) (242.8) (251.7)
Income before income tax expense and income from equity investments 112.3 215.6 79.1 301.4
Income tax expense (102.3) (82.7) (87.2) (111.5)
Income from equity investments, net of income taxes 0.5 0.7 2.0 2.1
Net income (loss) 10.5 133.6 (6.1) 192.0
Preferred stock dividend requirements and redemption premium 7.1 0.9 37.3 1.7
Earnings (loss) available for common shareholders $ 3.4 $ 132.7 $ (43.4) $ 190.3
Average number of basic common shares outstanding 215.6 154.6 215.5 154.5
Average number of diluted common shares outstanding 215.7 154.9 215.5 154.9
Basic and diluted earnings (loss) per common share $ 0.02 $ 0.86 $ (0.20) $ 1.23
Cash dividends per common share $ 0.275 $ 0.2625 $ 0.825 $ 0.7875
Comprehensive Income        
Net income (loss) $ 10.5 $ 133.6 $ (6.1) $ 192.0
Other comprehensive income        
Reclassification to expenses, net of tax 1.3 1.3 4.1 4.1
Derivative hedging activity, net of tax 1.3 1.3 4.1 4.1
Amortization of net losses included in net periodic benefit costs, net of tax 0.1 0.2 0.3 0.4
Change in unrecognized pension expense, net of tax 0.1 0.2 0.3 0.4
Total other comprehensive income 1.4 1.5 4.4 4.5
Comprehensive income (loss) 11.9 135.1 (1.7) 196.5
Kansas City Power and Light Company [Member]        
Operating Revenues        
Electric revenues 595.7 597.6 1,474.3 1,474.1
Operating Expenses        
Fuel and purchased power 124.1 118.5 314.4 298.7
Transmission 19.8 14.5 52.9 44.8
Utility operating and maintenance expenses 125.6 131.9 374.2 379.6
Costs to achieve the anticipated merger with Westar Energy, Inc. (1.5) 0.0 10.3 0.0
Depreciation and amortization 66.3 61.9 199.9 184.1
General taxes 51.4 51.0 140.2 136.9
Other 0.1 0.6 0.5 2.3
Total 385.8 378.4 1,092.4 1,046.4
Operating income 209.9 219.2 381.9 427.7
Other Income and Expenses        
Non-operating income 2.7 3.6 6.9 7.5
Non-operating expenses (2.0) (1.9) (6.4) (5.6)
Total 0.7 1.7 0.5 1.9
Interest charges (34.3) (34.7) (105.5) (104.9)
Income before income tax expense and income from equity investments 176.3 186.2 276.9 324.7
Income tax expense (62.2) (68.5) (99.0) (116.5)
Net income (loss) 114.1 117.7 177.9 208.2
Comprehensive Income        
Net income (loss) 114.1 117.7 177.9 208.2
Other comprehensive income        
Reclassification to expenses, net of tax 1.2 1.2 3.8 4.0
Derivative hedging activity, net of tax 1.2 1.2 3.8 4.0
Total other comprehensive income 1.2 1.2 3.8 4.0
Comprehensive income (loss) $ 115.3 $ 118.9 $ 181.7 $ 212.2