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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

The following table separately states the balances for fuel inventory and supplies.

The amounts of the Evergy Companies' AFUDC for borrowed and equity funds are detailed in the following table.

(a) Evergy Metro amounts are included in consolidated Evergy from June 4, 2018, the date of the closing of the merger, and thereafter.

The average rates used in the calculation of AFUDC are detailed in the following table.

The depreciable lives of Evergy's, Evergy Kansas Central's and Evergy Metro's property, plant and equipment are detailed in the following table.

Substantially all of Evergy's COLI-related balances relate to Evergy Kansas Central's COLI activity.


	December 31
	2020		2019
Evergy	(millions)
Cash surrender value of policies	$	1,369.6	$	1,370.0
Borrowings against policies	(1,237.6)		(1,237.1)
Corporate-owned life insurance, net	$	132.0	$	132.9

The table below shows the detail of other expense for each of the Evergy Companies.


	2020		2019		2018
Evergy	(millions)
Non-service cost component of net benefit cost	$	(58.6)	$	(55.6)	$	(47.8)
Other	(19.6)		(21.3)		(30.9)
Other expense	$	(78.2)	$	(76.9)	$	(78.7)
Evergy Kansas Central
Non-service cost component of net benefit cost	$	(21.2)	$	(20.1)	$	(23.5)
Other	(17.7)		(20.0)		(23.3)
Other expense	$	(38.9)	$	(40.1)	$	(46.8)
Evergy Metro(a)
Non-service cost component of net benefit cost	$	(24.2)	$	(20.9)	$	(25.9)
Other	(1.3)		(0.5)		(5.0)
Other expense	$	(25.5)	$	(21.4)	$	(30.9)

(a) Evergy Metro amounts are only included in consolidated Evergy from June 4, 2018, the date of the closing of the merger, and thereafter.

The following table reconciles Evergy's basic and diluted EPS.


	2020		2019		2018
Income	(millions, except per share amounts)
Net income	$	630.0	$	685.6	$	546.0
Less: Net income attributable to noncontrolling interests	11.7		15.7		10.2
Net income attributable to Evergy, Inc.	$	618.3	$	669.9	$	535.8
Common Shares Outstanding
Weighted average number of common shares outstanding - basic	227.2		239.5		213.9
Add: effect of dilutive securities	0.3		0.4		0.2
Diluted average number of common shares outstanding	227.5		239.9		214.1
Basic EPS	$	2.72	$	2.80	$	2.50
Diluted EPS	$	2.72	$	2.79	$	2.50


Year Ended December 31	2020		2019		2018
Evergy	(millions)
Cash paid for (received from):
Interest, net of amount capitalized	$	367.6	$	329.5	$	255.9
Interest of VIEs	0.8		1.6		2.3
Income taxes, net of refunds	(46.5)		(5.2)		(0.9)
Non-cash investing transactions:
Property, plant and equipment additions (reductions)	463.3		186.0		(7.8)
Non-cash financing transactions:
Issuance of stock for compensation and reinvested dividends	0.9		(0.3)		0.5


Year Ended December 31	2020		2019		2018
Evergy Kansas Central	(millions)
Cash paid for (received from):
Interest, net of amount capitalized	$	157.5	$	143.0	$	155.3
Interest of VIEs	0.8		1.6		2.3
Income taxes, net of refunds	4.7		29.9		37.5
Non-cash investing transactions:
Property, plant and equipment additions (reductions)	235.4		92.1		(32.5)


Year Ended December 31	2020		2019		2018
Evergy Metro(a)	(millions)
Cash paid for (received from):
Interest, net of amount capitalized	$	109.9	$	118.4	$	129.4
Income taxes, net of refunds	4.8		77.0		31.2
Non-cash investing transactions:
Property, plant and equipment additions	192.5		80.7		19.2

(a) Evergy Metro amounts are included in consolidated Evergy from June 4, 2018, the date of the closing of the merger, and thereafter.