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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Summary of Reclassifications
The table below summarizes KCP&L's reclassifications related to operating and investing activities for its consolidated statement of cash flows for the three months ended March 31, 2018.
 
 
 
As Previously Filed
 
As Recast
 
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:
 
 
(millions)
 
Adjustments to reconcile income to net cash from operating activities:
 
 
 
 
 
 
Amortization of other
 
 
$
6.6

 
$
—

 
Amortization of deferred refueling outage
 
 
—

 
3.9

 
Deferred income taxes, net
 
 
5.6

 
—

 
Investment tax credit amortization
 
 
(0.3
)
 
—

 
Net deferred income taxes and credits
 
 
—

 
5.3

 
Other(a)
 
 
3.8

 
0.2

 
Changes in working capital items:
 
 
 
 
 
 
Fuel inventory and supplies
 
 
—

 
(2.8
)
 
Fuel inventories(a)
 
 
(1.0
)
 
—

 
Materials and supplies(a)
 
 
(1.8
)
 
—

 
Prepaid expenses and other current assets
 
 
—

 
(2.5
)
 
Accrued interest(a)
 
 
8.3

 
—

 
Other current liabilities
 
 
—

 
(1.8
)
 
Changes in other assets
 
 
—

 
16.5

 
Changes in other liabilities
 
 
—

 
13.5

 
Deferred refueling outage costs(a)
 
 
0.9

 
—

 
Pension and post-retirement benefit obligations(a)
 
 
9.0

 
—

 
Fuel recovery mechanisms(a)
 
 
1.2

 
—

 
Total reclassifications
 
 
$
32.3

 
$
32.3

 
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
 
 
 
 
 
 
Additions to property, plant and equipment
 
 
$
—

 
$
(100.6
)
 
Utility capital expenditures
 
 
(93.5
)
 
—

 
Allowance for borrowed funds used during construction
 
 
(2.0
)
 
—

 
Other investing activities
 
 
(4.5
)
 
0.6

 
Total reclassifications
 
 
$
(100.0
)
 
$
(100.0
)
 
(a)Previously reported within Note 4 to the consolidated financial statements of the Great Plains Energy and KCP&L combined First Quarter 2018 Quarterly Report on Form 10-Q.
Schedule of Fuel Inventory and Supplies
The following table separately states the balances for fuel inventory and supplies.
 
March 31
December 31
 
 
2019
 
 
2018
 
Evergy
 
(millions)
 
Fuel inventory
 
$
132.2

 
 
$
168.9

 
Supplies
 
334.3

 
 
342.1

 
Fuel inventory and supplies
 
$
466.5

 
 
$
511.0

 
Westar Energy
 
 
 
Fuel inventory
 
$
74.2

 
 
$
87.8

 
Supplies
 
180.8

 
 
189.0

 
Fuel inventory and supplies
 
$
255.0

 
 
$
276.8

 
KCP&L
 
 

 
 
 

 
Fuel inventory
 
$
39.2

 
 
$
57.8

 
Supplies
 
120.1

 
 
119.8

 
Fuel inventory and supplies
 
$
159.3

 
 
$
177.6

 
Summary of Property, Plant and Equipment
The following tables summarize the property, plant and equipment of Evergy, Westar Energy and KCP&L.
March 31, 2019
 
Evergy
 
Westar Energy
 
KCP&L
 
 
(millions)
Electric plant in service
 
$
27,161.1

 
$
13,263.5

 
$
10,546.0

Electric plant acquisition adjustment
 
740.6

 
740.6

 
—

Accumulated depreciation
 
(9,856.2
)
 
(4,721.2
)
 
(4,083.5
)
Plant in service
 
18,045.5

 
9,282.9

 
6,462.5

Construction work in progress
 
635.7

 
365.0

 
173.2

Nuclear fuel, net
 
155.9

 
77.5

 
78.4

Plant to be retired, net(a)
 
1.0

 
1.0

 
—

Property, plant and equipment, net
 
$
18,838.1

 
$
9,726.4

 
$
6,714.1

 
 
 
 
 
 
 
December 31, 2018
 
Evergy
 
Westar Energy
 
KCP&L
 
 
(millions)
Electric plant in service
 
$
26,916.7

 
$
13,176.7

 
$
10,439.1

Electric plant acquisition adjustment
 
740.6

 
740.6

 
—

Accumulated depreciation
 
(9,694.1
)
 
(4,642.8
)
 
(4,022.4
)
Plant in service
 
17,963.2

 
9,274.5

 
6,416.7

Construction work in progress
 
685.2

 
376.7

 
204.4

Nuclear fuel, net
 
133.1

 
66.1

 
67.0

Plant to be retired, net(a)
 
1.0

 
1.0

 
—

Property, plant and equipment, net
 
$
18,782.5

 
$
9,718.3

 
$
6,688.1

(a) As of March 31, 2019 and December 31, 2018, represents the planned retirement of Westar Energy analog meters prior to the end of their remaining useful lives.
Schedule of Other Nonoperating Income (Expense)
The table below shows the detail of other expense for each of the Evergy Companies.
Three Months Ended March 31
2019
 
2018
Evergy
(millions)
Non-service cost component of net benefit cost
$
(13.1
)
 
$
(5.7
)
Other
(6.3
)
 
(4.9
)
Other expense
$
(19.4
)
 
$
(10.6
)
Westar Energy
 
 
 
Non-service cost component of net benefit cost
$
(4.4
)
 
$
(5.7
)
Other
(6.2
)
 
(4.9
)
Other expense
$
(10.6
)
 
$
(10.6
)
KCP&L(a)
 
 
 
Non-service cost component of net benefit cost
$
(5.1
)
 
$
(6.7
)
Other
0.1

 
(1.2
)
Other expense
$
(5.0
)
 
$
(7.9
)
(a)KCP&L amounts are not included in consolidated Evergy for the three months ended March 31, 2018.
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles Evergy's basic and diluted EPS.
Three Months Ended March 31
2019
 
2018
Income
(millions, except per share amounts)
Net income
$
103.4

 
$
62.9

Less: net income attributable to noncontrolling interests
3.9

 
2.4

Net income attributable to Evergy, Inc.
99.5

 
60.5

Common Shares Outstanding
 

 
 

Weighted average number of common shares outstanding - basic
252.8

 
142.6

Add: effect of dilutive securities
0.2

 
0.1

Weighted average number of common shares outstanding - dilutive
253.0

 
142.7

Basic and Diluted EPS
$
0.39

 
$
0.42
Supplemental Cash Flow Information
Supplemental Cash Flow Information
Three Months Ended March 31
 
2019
 
2018
Evergy
 
(millions)
Cash paid for (received from):
 
 
 
 
Interest, net of amounts capitalized
 
$
59.3

 
$
33.0

Interest of VIEs
 
1.0

 
1.3

Income taxes, net of refunds
 
(0.1
)
 
(0.2
)
Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
47.1

 
29.8

Non-cash financing transactions:
 
 
 
 
Issuance of stock for compensation and reinvested dividends
 
0.5

 
0.1

Westar Energy
 
 
Cash paid for (received from):
 
 
 
 
Interest, net of amounts capitalized
 
$
32.6

 
$
33.0

Interest of VIEs
 
1.0

 
1.3

Income taxes, net of refunds
 
—

 
(0.2
)
Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
27.1

 
29.8

Non-cash financing transactions:
 
 
 
 
Issuance of stock for compensation and reinvested dividends
 
—

 
0.1

KCP&L(a)
 
 
Cash paid for (received from):
 
 
 
 
Interest, net of amounts capitalized
 
$
19.6

 
$
22.7

Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
15.9

 
20.9

(a) KCP&L amounts are not included in consolidated Evergy for the three months ended March 31, 2018.
Unaudited Pro Forma Financial Information
The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of Evergy.
Three Months Ended March 31, 2018
 
 
(millions, except per share amounts)
Operating revenues
$
1,184.1

Net income attributable to Evergy, Inc.
91.9

Basic earnings per common share
$
0.34

Diluted earnings per common share
$
0.34