XML 54 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018 and 2017:
 
 
Utility Operations
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Wisconsin
 
Illinois
 
Other States
 
Total Utility
Operations
 
Electric Transmission
 
Non-Utility Energy Infrastructure
 
Corporate
and Other
 
Reconciling
Eliminations
 
WEC Energy Group Consolidated
Three Months Ended
 
 

 
 

 
 
 
 

 
 
 
 
 
 

 
 

 
 

June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,325.5

 
$
268.0

 
$
72.4

 
$
1,665.9

 
$
—

 
$
3.5

 
$
3.1

 
$
—

 
$
1,672.5

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
113.5

 
—

 
(113.5
)
 
—

Other operation and maintenance
 
502.4

 
104.1

 
24.9

 
631.4

 
—

 
4.5

 
2.2

 
(100.4
)
 
537.7

Depreciation and amortization
 
134.6

 
41.8

 
4.5

 
180.9

 
—

 
18.3

 
7.5

 
—

 
206.7

Operating income (loss)
 
195.1

 
41.7

 
8.1

 
244.9

 
—

 
92.4

 
(6.5
)
 
—

 
330.8

Equity in earnings of transmission affiliates
 
—

 
—

 
—

 
—

 
28.7

 
—

 
—

 
—

 
28.7

Interest expense
 
48.5

 
12.3

 
2.1

 
62.9

 
—

 
16.0

 
30.3

 
(0.7
)
 
108.5


 
 
Utility Operations
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Wisconsin
 
Illinois
 
Other States
 
Total Utility
Operations
 
Electric Transmission
 
Non-Utility Energy Infrastructure
 
Corporate
and Other
 
Reconciling
Eliminations
 
WEC Energy Group Consolidated
Three Months Ended
 
 

 
 

 
 
 
 

 
 
 
 
 
 

 
 

 
 

June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
1,303.2

 
$
253.2

 
$
65.7

 
$
1,622.1

 
$
—

 
$
6.2

 
$
3.2

 
$
—

 
$
1,631.5

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
112.6

 
—

 
(112.6
)
 
—

Other operation and maintenance *
 
459.7

 
102.4

 
23.3

 
585.4

 
—

 
2.7

 
4.3

 
(112.6
)
 
479.8

Depreciation and amortization
 
130.3

 
37.5

 
6.1

 
173.9

 
—

 
17.4

 
6.4

 
—

 
197.7

Operating income (loss) *
 
222.6

 
43.9

 
4.7

 
271.2

 
—

 
98.7

 
(7.7
)
 
—

 
362.2

Equity in earnings of transmission affiliates
 
—

 
—

 
—

 
—

 
41.8

 
—

 
—

 
—

 
41.8

Interest expense
 
48.2

 
10.9

 
1.9

 
61.0

 
—

 
15.2

 
26.8

 
(1.1
)
 
101.9



*
Includes the retroactive restatement impacts of the implementation of ASU 2017-07. See Note 14, Employee Benefits, for more information on this new standard.
 
 
Utility Operations
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Wisconsin
 
Illinois
 
Other States
 
Total Utility
Operations
 
Electric Transmission
 
Non-Utility Energy Infrastructure
 
Corporate
and Other
 
Reconciling
Eliminations
 
WEC Energy Group Consolidated
Six Months Ended
 
 

 
 

 
 
 
 

 
 
 
 
 
 

 
 

 
 

June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
2,914.6

 
$
775.3

 
$
242.3

 
$
3,932.2

 
$
—

 
$
22.3

 
$
4.5

 
$
—

 
$
3,959.0

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
212.8

 
—

 
(212.8
)
 
—

Other operation and maintenance
 
970.9

 
216.3

 
51.5

 
1,238.7

 
—

 
6.2

 
1.9

 
(197.2
)
 
1,049.6

Depreciation and amortization
 
269.7

 
82.7

 
11.1

 
363.5

 
—

 
36.6

 
15.2

 
—

 
415.3

Operating income (loss)
 
468.8

 
189.3

 
44.3

 
702.4

 
—

 
185.4

 
(11.9
)
 
—

 
875.9

Equity in earnings of transmission affiliates
 
—

 
—

 
—

 
—

 
61.5

 
—

 
—

 
—

 
61.5

Interest expense
 
97.9

 
24.6

 
4.2

 
126.7

 
—

 
32.1

 
58.3

 
(1.9
)
 
215.2


 
 
Utility Operations
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Wisconsin
 
Illinois
 
Other States
 
Total Utility
Operations
 
Electric Transmission
 
Non-Utility Energy Infrastructure
 
Corporate
and Other
 
Reconciling
Eliminations
 
WEC Energy Group Consolidated
Six Months Ended
 
 

 
 

 
 
 
 

 
 
 
 
 
 

 
 

 
 

June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
2,915.3

 
$
778.5

 
$
223.6

 
$
3,917.4

 
$
—

 
$
12.5

 
$
6.1

 
$
—

 
$
3,936.0

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
221.6

 
—

 
(221.6
)
 
—

Other operation and maintenance *
 
925.4

 
222.0

 
51.5

 
1,198.9

 
—

 
3.1

 
3.9

 
(221.6
)
 
984.3

Depreciation and amortization
 
259.6

 
73.7

 
12.1

 
345.4

 
—

 
34.9

 
12.0

 
—

 
392.3

Operating income (loss) *
 
552.1

 
200.6

 
38.2

 
790.9

 
—

 
196.1

 
(10.1
)
 
—

 
976.9

Equity in earnings of transmission affiliates
 
—

 
—

 
—

 
—

 
83.7

 
—

 
—

 
—

 
83.7

Interest expense
 
96.9

 
22.0

 
4.2

 
123.1

 
—

 
30.5

 
55.9

 
(2.9
)
 
206.6


*
Includes the retroactive restatement impacts of the implementation of ASU 2017-07. See Note 14, Employee Benefits, for more information on this new standard.