XML 63 R47.htm IDEA: XBRL DOCUMENT v3.21.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Financial information of reportable segments The following tables show summarized financial information related to our reportable segments for the three and six months ended June 30, 2021 and 2020:
Utility Operations
(in millions)WisconsinIllinoisOther StatesTotal Utility OperationsElectric TransmissionNon-Utility Energy InfrastructureCorporate and OtherReconciling EliminationsWEC Energy Group Consolidated
Three Months Ended June 30, 2021
External revenues$1,307.5 $275.5 $72.1 $1,655.1 $— $21.0 $0.1 $— $1,676.2 
Intersegment revenues— — — — — 112.5 — (112.5)— 
Other operation and maintenance346.1 90.8 21.2 458.1 — 12.4 (2.8)(3.9)463.8 
Depreciation and amortization179.8 54.0 9.4 243.2 — 31.3 6.4 (14.7)266.2 
Equity in earnings of transmission affiliates— — — — 41.3 — — — 41.3 
Interest expense139.8 16.6 1.5 157.9 4.8 17.9 24.6 (85.2)120.0 
Income tax expense23.1 16.0 0.8 39.9 9.4 0.7 4.1 — 54.1 
Net income (loss)146.8 43.6 2.5 192.9 27.0 68.2 (12.4)— 275.7 
Net income (loss) attributed to common shareholders146.5 43.6 2.5 192.6 27.0 68.8 (12.4)— 276.0 

Utility Operations
(in millions)WisconsinIllinoisOther StatesTotal Utility OperationsElectric TransmissionNon-Utility Energy InfrastructureCorporate and OtherReconciling EliminationsWEC Energy Group Consolidated
Three Months Ended June 30, 2020
External revenues$1,206.2 $261.2 $66.7 $1,534.1 $— $13.7 $0.9 $— $1,548.7 
Intersegment revenues— — — — — 111.6 — (111.6)— 
Other operation and maintenance349.4 93.2 20.4 463.0 — 7.6 3.5 (1.0)473.1 
Depreciation and amortization167.6 48.6 8.3 224.5 — 24.4 6.4 (12.8)242.5 
Equity in earnings of transmission affiliates— — — — 52.9 — — — 52.9 
Interest expense140.0 16.1 2.5 158.6 4.9 15.1 32.6 (86.8)124.4 
Income tax expense (benefit)21.8 12.2 1.0 35.0 14.5 11.2 (6.9)— 53.8 
Net income (loss)130.1 32.1 2.8 165.0 33.5 65.0 (21.4)— 242.1 
Net income (loss) attributed to common shareholders129.8 32.1 2.8 164.7 33.5 64.8 (21.4)— 241.6 
Utility Operations
(in millions)WisconsinIllinoisOther StatesTotal Utility OperationsElectric TransmissionNon-Utility Energy InfrastructureCorporate and OtherReconciling EliminationsWEC Energy Group Consolidated
Six Months Ended June 30, 2021
External revenues$3,039.2 $978.9 $305.4 $4,323.5 $— $43.9 $0.2 $— $4,367.6 
Intersegment revenues— — — — — 227.2 — (227.2)— 
Other operation and maintenance688.0 200.1 44.4 932.5 — 21.3 (4.6)(5.5)943.7 
Depreciation and amortization356.0 106.7 18.6 481.3 — 62.3 13.0 (29.0)527.6 
Equity in earnings of transmission affiliates— — — — 83.9 — — — 83.9 
Interest expense279.9 33.1 3.0 316.0 9.7 35.9 48.8 (170.9)239.5 
Income tax expense (benefit)71.2 57.4 9.2 137.8 19.2 0.8 (28.8)— 129.0 
Net income403.4 155.7 27.2 586.3 55.0 139.5 5.2 — 786.0 
Net income attributed to common shareholders402.8 155.7 27.2 585.7 55.0 140.2 5.2 — 786.1 

Utility Operations
(in millions)WisconsinIllinoisOther StatesTotal Utility OperationsElectric TransmissionNon-Utility Energy InfrastructureCorporate and OtherReconciling EliminationsWEC Energy Group Consolidated
Six Months Ended June 30, 2020
External revenues$2,705.1 $708.8 $213.1 $3,627.0 $— $28.9 $1.4 $— $3,657.3 
Intersegment revenues— — — — — 226.0 — (226.0)— 
Other operation and maintenance680.2 197.3 42.1 919.6 — 12.8 1.9 (5.5)928.8 
Depreciation and amortization333.0 96.1 16.1 445.2 — 48.9 12.5 (25.0)481.6 
Equity in earnings of transmission affiliates— — — — 92.7 — — — 92.7 
Interest expense283.1 32.1 4.7 319.9 9.7 30.4 67.7 (173.9)253.8 
Income tax expense (benefit)73.0 51.7 9.9 134.6 24.4 22.4 (37.6)— 143.8 
Net income (loss)377.1 139.4 29.1 545.6 58.5 130.3 (39.7)— 694.7 
Net income (loss) attributed to common shareholders376.5 139.4 29.1 545.0 58.5 130.3 (39.7)— 694.1