ORGANIZATION AND BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2022

The Evergy Companies record fuel inventory and supplies at average cost. The following table separately states the balances for fuel inventory and supplies.


	September 30 2022		December 31 2021
Evergy	(millions)
Fuel inventory	$	155.6	$	160.9
Supplies	459.6		405.8
Fuel inventory and supplies	$	615.2	$	566.7
Evergy Kansas Central
Fuel inventory	$	80.4	$	74.3
Supplies	238.0		208.9
Fuel inventory and supplies	$	318.4	$	283.2
Evergy Metro
Fuel inventory	$	53.0	$	62.0
Supplies	166.2		149.0
Fuel inventory and supplies	$	219.2	$	211.0

Summary of Property, Plant and Equipment

The following tables summarize the property, plant and equipment of Evergy, Evergy Kansas Central and Evergy Metro.


September 30, 2022	Evergy			Evergy Kansas Central			Evergy Metro
		(millions)
Electric plant in service		$	31,548.4		$	15,053.8		$	12,172.7
Electric plant acquisition adjustment		724.3			724.3			—
Accumulated depreciation		(12,082.2)			(5,835.6)			(4,995.5)
Plant in service, net		20,190.5			9,942.5			7,177.2
Construction work in progress		1,328.3			797.4			414.3
Nuclear fuel, net		167.3			82.9			84.4
Plant to be retired, net(a)		0.8			0.8			—
Property, plant and equipment, net		$	21,686.9		$	10,823.6		$	7,675.9

December 31, 2021	Evergy			Evergy Kansas Central			Evergy Metro
		(millions)
Electric plant in service		$	30,289.9		$	14,686.3		$	11,656.9
Electric plant acquisition adjustment		724.3			724.3			—
Accumulated depreciation		(11,515.5)			(5,590.8)			(4,733.7)
Plant in service, net		19,498.7			9,819.8			6,923.2
Construction work in progress		1,350.6			652.2			475.3
Nuclear fuel, net		152.5			76.1			76.4
Plant to be retired, net(a)		0.8			0.8			—
Property, plant and equipment, net		$	21,002.6		$	10,548.9		$	7,474.9

(a) As of September 30, 2022 and December 31, 2021, represents the planned retirement of Evergy Kansas Central 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 September 30				Year to Date September 30
	2022		2021		2022		2021
Evergy	(millions)
Non-service cost component of net benefit cost	$	(10.2)	$	(12.8)	$	(46.5)	$	(41.4)
Other	(6.5)		(6.4)		(18.0)		(17.5)
Other expense	$	(16.7)	$	(19.2)	$	(64.5)	$	(58.9)
Evergy Kansas Central
Non-service cost component of net benefit cost	$	(4.2)	$	(3.4)	$	(13.6)	$	(11.1)
Other	(6.3)		(5.9)		(16.2)		(15.1)
Other expense	$	(10.5)	$	(9.3)	$	(29.8)	$	(26.2)
Evergy Metro
Non-service cost component of net benefit cost	$	(2.2)	$	(5.8)	$	(21.8)	$	(19.8)
Other	(0.3)		(0.5)		(1.3)		(2.0)
Other expense	$	(2.5)	$	(6.3)	$	(23.1)	$	(21.8)

Schedule of Earnings Per Share, Basic and Diluted

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


	Three Months Ended September 30				Year to Date September 30
	2022		2021		2022		2021
Income	(millions, except per share amounts)
Net income	$	431.2	$	452.5	$	754.4	$	835.4
Less: net income attributable to noncontrolling interests	3.0		3.1		9.2		9.1
Net income attributable to Evergy, Inc.	$	428.2	$	449.4	$	745.2	$	826.3
Common Shares Outstanding
Weighted average number of common shares outstanding - basic	229.9		229.7		229.9		228.8
Add: effect of dilutive securities	0.7		0.5		0.6		0.5
Diluted average number of common shares outstanding	230.6		230.2		230.5		229.3
Basic EPS	$	1.86	$	1.96	$	3.24	$	3.61
Diluted EPS	$	1.86	$	1.95	$	3.23	$	3.60

Supplemental Cash Flow Information


Evergy
Year to Date September 30	2022		2021
Cash paid for (received from):	(millions)
Interest, net of amount capitalized	$	305.5	$	257.0
Interest of VIEs	—		0.2
Income taxes, net of refunds	8.0		1.7
Right-of-use assets obtained in exchange for new operating lease liabilities	8.2		8.1
Right-of-use assets obtained in exchange for new finance lease liabilities	7.0		0.6
Non-cash investing transactions:
Property, plant and equipment additions	128.6		184.8

Non-cash financing transactions:
Issuance of stock for compensation and reinvested dividends	—		0.7


Evergy Kansas Central
Year to Date September 30	2022		2021
Cash paid for (received from):	(millions)
Interest, net of amount capitalized	$	130.9	$	105.8
Interest of VIEs	—		0.2
Income taxes, net of refunds	43.1		37.2
Right-of-use assets obtained in exchange for new operating lease liabilities	8.0		3.6
Right-of-use assets obtained in exchange for new finance lease liabilities	7.0		0.6
Non-cash investing transactions:
Property, plant and equipment additions	51.7		64.6


Evergy Metro
Year to Date September 30	2022		2021
Cash paid for (received from):	(millions)
Interest, net of amount capitalized	$	84.3	$	73.3
Income taxes, net of refunds	(0.4)		66.8
Right-of-use assets obtained in exchange for new operating lease liabilities	0.2		4.5

Non-cash investing transactions:
Property, plant and equipment additions	53.7		75.2