XML 62 R42.htm IDEA: XBRL DOCUMENT
v3.19.1

TAXES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Components of income tax expense are detailed in the following tables.
Evergy |
Three Months Ended March 31 | 2019 |  | 2018
Current income taxes | (millions)
Federal | $ | 11.9 |  |  | $ | 0.2 |
State | (0.6 | ) |  | — |
Total | 11.3 |  |  | 0.2 |
Deferred income taxes |  |  |
Federal | (7.3 | ) |  | 5.9 |
State | 6.3 |  |  | 3.7 |
Total | (1.0 | ) |  | 9.6 |
Investment tax credit amortization | (1.0 | ) |  | (0.6 | )
Income tax expense | $ | 9.3 |  |  | $ | 9.2 |
Westar Energy |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Current income taxes | (millions)
Federal | $ | 10.4 |  |  | $ | 0.2 |
State | 0.4 |  |  | — |
Total | 10.8 |  |  | 0.2 |
Deferred income taxes |  |  |
Federal | (3.2 | ) |  | 5.9 |
State | 3.6 |  |  | 3.7 |
Total | 0.4 |  |  | 9.6 |
Investment tax credit amortization | (0.7 | ) |  | (0.6 | )
Income tax expense | $ | 10.5 |  |  | $ | 9.2 |
KCP&L(a) |
Three Months Ended March 31 | 2019 |  | 2018
Current income taxes | (millions)
Federal | $ | 7.9 |  |  | $ | (1.3 | )
State | 0.8 |  |  | (0.5 | )
Total | 8.7 |  |  | (1.8 | )
Deferred income taxes |  |  |  |  |
Federal | (5.2 | ) |  | 3.6 |
State | 0.4 |  |  | 2.0 |
Total | (4.8 | ) |  | 5.6 |
Investment tax credit amortization | (0.2 | ) |  | (0.3 | )
Income tax expense | $ | 3.7 |  |  | $ | 3.5 |
(a)KCP&L amounts are not included in consolidated Evergy for the three months ended March 31, 2018.
Schedule of Effective Income Tax Rate Reconciliation | Effective income tax rates reflected in the financial statements and the reasons for their differences from the statutory federal rates are detailed in the following tables.
Evergy |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Federal statutory income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
COLI policies | (1.8 | ) |  | (3.1 | )
State income taxes | 4.6 |  |  | 4.2 |
Flow through depreciation for plant-related differences | (4.4 | ) |  | 0.9 |
Federal tax credits | (3.9 | ) |  | (9.5 | )
Non-controlling interest | (0.3 | ) |  | (0.5 | )
AFUDC equity | — |  |  | (0.2 | )
Amortization of federal investment tax credits | (0.5 | ) |  | (0.6 | )
Valuation allowance | (7.0 | ) |  | 2.1 |
Stock compensation | 0.1 |  |  | (1.1 | )
Officer compensation limitation | 0.2 |  |  | — |
Other | 0.2 |  |  | (0.5 | )
Effective income tax rate | 8.2 | % |  | 12.7 | %
Westar Energy |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Federal statutory income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
COLI policies | (3.2 | ) |  | (3.1 | )
State income taxes | 5.0 |  |  | 4.2 |
Flow through depreciation for plant-related differences | (0.1 | ) |  | 0.9 |
Federal tax credits | (6.1 | ) |  | (9.5 | )
Non-controlling interest | (0.6 | ) |  | (0.5 | )
AFUDC equity | (0.1 | ) |  | (0.2 | )
Amortization of federal investment tax credits | (0.7 | ) |  | (0.6 | )
Valuation allowance | (2.1 | ) |  | 2.1 |
Stock compensation | (0.1 | ) |  | (1.1 | )
Other | 0.3 |  |  | (0.5 | )
Effective income tax rate | 13.3 | % |  | 12.7 | %
KCP&L |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Federal statutory income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
COLI policies | (0.1 | ) |  | — |
State income taxes | 4.9 |  |  | 5.1 |
Flow through depreciation for plant-related differences | (7.2 | ) |  | (6.9 | )
Federal tax credits | (1.5 | ) |  | (2.0 | )
AFUDC equity | — |  |  | (0.3 | )
Amortization of federal investment tax credits | (0.3 | ) |  | (0.4 | )
Stock compensation | 1.0 |  |  | (0.2 | )
Officer compensation limitation | 0.3 |  |  | — |
Other | 0.3 |  |  | (1.4 | )
Effective income tax rate | 18.4 | % |  | 14.9 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration