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v3.20.4

LEASES (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Schedule of Lease Expense | The Evergy Companies’ lease expense is detailed in the following table.
Evergy |  | 2020 |  | 2019 |  |
Finance lease costs |  | (millions)
Amortization of right-of-use assets |  | $ | 7.7 |  |  | $ | 5.2 |  |  |
Interest on lease liabilities |  | 3.1 |  |  | 2.9 |  |  |
Operating lease costs |  | 22.9 |  |  | 23.8 |  |  |
Short-term lease costs |  | 2.1 |  |  | 4.0 |  |  |
Variable lease costs for renewable purchase power agreements |  | 296.6 |  |  | 313.0 |  |  |
Total lease costs |  | $ | 332.4 |  |  | $ | 348.9 |  |  |
Evergy Kansas Central |  | 2020 |  | 2019 |  |
Finance lease costs |  | (millions)
Amortization of right-of-use assets |  | $ | 7.2 |  |  | $ | 5.0 |  |  |
Interest on lease liabilities |  | 2.8 |  |  | 2.7 |  |  |
Operating lease costs |  | 11.9 |  |  | 13.2 |  |  |
Short-term lease costs |  | 0.5 |  |  | 1.2 |  |  |
Variable lease costs for renewable purchase power agreements |  | 135.6 |  |  | 130.8 |  |  |
Total lease costs |  | $ | 158.0 |  |  | $ | 152.9 |  |  |
Evergy Metro |  | 2020 |  | 2019 |  |
Finance lease costs |  | (millions)
Amortization of right-of-use assets |  | $ | 0.3 |  |  | $ | 0.1 |  |  |
Interest on lease liabilities |  | 0.1 |  |  | 0.1 |  |  |
Operating lease costs |  | 9.3 |  |  | 9.2 |  |  |
Short-term lease costs |  | 1.5 |  |  | 2.6 |  |  |
Variable lease costs for renewable purchase power agreements |  | 112.2 |  |  | 129.2 |  |  |
Total lease costs |  | $ | 123.4 |  |  | $ | 141.2 |  |  |
Supplemental cash flow information related to the Evergy Companies' leases is detailed in the following table.
Evergy | 2020 |  | 2019 |  |
Cash paid for amounts included in the measurement of lease liabilities: | (millions)
Operating cash flows from operating leases | $ | 22.2 |  |  | $ | 21.7 |  |  |
Operating cash flows from finance leases | 2.8 |  |  | 2.8 |  |  |
Financing cash flows from finance leases | 5.6 |  |  | 5.0 |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities | 6.9 |  |  | 10.4 |  |  |
Right-of-use assets obtained in exchange for new finance lease liabilities | 5.6 |  |  | 8.3 |  |  |
Evergy Kansas Central | 2020 |  | 2019 |  |
Cash paid for amounts included in the measurement of lease liabilities: | (millions)
Operating cash flows from operating leases | $ | 12.9 |  |  | $ | 13.7 |  |  |
Operating cash flows from finance leases | 2.5 |  |  | 2.6 |  |  |
Financing cash flows from finance leases | 5.1 |  |  | 4.8 |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities | 6.6 |  |  | 6.1 |  |  |
Right-of-use assets obtained in exchange for new finance lease liabilities | 4.0 |  |  | 8.3 |  |  |
Evergy Metro | 2020 |  | 2019 |  |
Cash paid for amounts included in the measurement of lease liabilities: | (millions)
Operating cash flows from operating leases | $ | 10.8 |  |  | $ | 9.9 |  |  |
Operating cash flows from finance leases | 0.1 |  |  | 0.1 |  |  |
Financing cash flows from finance leases | 0.4 |  |  | 0.1 |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities | 0.3 |  |  | 2.4 |  |  |
Right-of-use assets obtained in exchange for new finance lease liabilities | 1.6 |  |  | — |  |  |
Schedule of Payments for Finance Leases | Payments and other supplemental information for finance leases as of December 31, 2020, are detailed in the following table.
|  | Evergy |  | Evergy Kansas Central |  | Evergy Metro
|  | (millions)
2021 |  | $ | 8.8 |  |  | $ | 8.0 |  |  | $ | 0.6 |
2022 |  | 7.3 |  |  | 6.5 |  |  | 0.6 |
2023 |  | 6.6 |  |  | 5.8 |  |  | 0.6 |
2024 |  | 5.3 |  |  | 4.6 |  |  | 0.6 |
2025 |  | 4.6 |  |  | 4.1 |  |  | 0.2 |
After 2025 |  | 42.4 |  |  | 41.2 |  |  | 0.6 |
Total finance lease payments |  | 75.0 |  |  | 70.2 |  |  | 3.2 |
Amounts representing imputed interest |  | (23.7) |  |  | (22.7) |  |  | (0.6) |
Present value of lease payments |  | 51.3 |  |  | 47.5 |  |  | 2.6 |
Less: current portion |  | (6.0) |  |  | (5.6) |  |  | (0.4) |
Total long-term obligations under finance leases |  | $ | 45.3 |  |  | $ | 41.9 |  |  | $ | 2.2 |
Right-of-use assets under finance leases included in property, plant and equipment, net on the consolidated balance sheets |  | $ | 314.1 |  |  | $ | 53.9 |  |  | $ | 2.6 |
Weighted-average remaining lease term (years) |  | 13.5 |  | 14.1 |  | 5.9
Weighted-average discount rate |  | 5.6 | % |  | 5.5 | % |  | 4.9 | %
Schedule of Lease Payments for Operating Leases | Lease payments and other supplemental information for operating leases as of December 31, 2020, are detailed in the following table.
|  | Evergy |  | Evergy Kansas Central |  | Evergy Metro
|  | (millions)
2021 |  | $ | 18.5 |  |  | $ | 10.1 |  |  | $ | 10.1 |
2022 |  | 15.3 |  |  | 7.7 |  |  | 9.3 |
2023 |  | 12.2 |  |  | 5.0 |  |  | 8.8 |
2024 |  | 10.4 |  |  | 3.5 |  |  | 8.5 |
2025 |  | 7.9 |  |  | 1.5 |  |  | 8.3 |
After 2025 |  | 37.3 |  |  | 0.4 |  |  | 74.5 |
Total operating lease payments |  | 101.6 |  |  | 28.2 |  |  | 119.5 |
Amounts representing imputed interest |  | (14.4) |  |  | (0.8) |  |  | (31.4) |
Present value of lease payments |  | 87.2 |  |  | 27.4 |  |  | 88.1 |
Less: current portion |  | (14.5) |  |  | (8.2) |  |  | (6.7) |
Total long-term obligations under operating leases |  | $ | 72.7 |  |  | $ | 19.2 |  |  | $ | 81.4 |
Right-of-use assets under operating leases included in other assets on the consolidated balance sheets |  | $ | 93.2 |  |  | $ | 34.4 |  |  | $ | 71.3 |
Weighted-average remaining lease term (years) |  | 8.3 |  | 3.4 |  | 15.3
Weighted-average discount rate |  | 3.7 | % |  | 2.9 | % |  | 4.1 | %

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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