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MERGER OF GREAT PLAINS ENERGY AND EVERGY KANSAS CENTRAL (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Accounting Charges and Deferrals Related to Merger

The following pre-tax reductions of revenue, expenses and deferral were recognized following the consummation of the merger and are included in the Evergy Companies' consolidated statements of income and comprehensive income for 2018.

Description			Income Statement Line Item			Expected Payment Period						Evergy						Evergy Kansas Central						Evergy Metro
												(millions)
One-time bill credits			Operating revenues			2018 - 2019						$	(59.7)					$	(23.1)					$	(22.4)
Annual bill credits			Operating revenues			2019 - 2022						(10.5)						(7.9)						(2.6)
Total impact to operating revenues												$	(70.2)					$	(31.0)					$	(25.0)
Charitable contributions and community support			Operating and maintenance			2018 - 2027						$	24.7					$	—					$	—
Voluntary severance and accelerated equity compensation			Operating and maintenance			2018 - 2019						47.9						44.2						2.6
Other transaction and transition costs			Operating and maintenance			2018						51.0						21.5						2.1
Reallocation and deferral of merger transition costs			Operating and maintenance			n/a						(47.8)						(13.8)						(23.2)
Total impact to operating and maintenance expense												$	75.8					$	51.9					$	(18.5)
Total												$	(146.0)					$	(82.9)					$	(6.5)

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

The total consideration transferred in the merger is based on the closing stock price of Evergy Kansas Central on June 4, 2018, and is calculated as follows.

						(millions, except share amounts)
Great Plains Energy common stock shares outstanding as of June 4, 2018						215,800,074
Great Plains Energy restricted stock awards outstanding as of June 4, 2018						(204,825)
Great Plains Energy shares to be converted to Evergy shares						215,595,249
Exchange ratio						0.5981
Evergy common stock shares issued to Great Plains Energy shareholders						128,947,518
Closing price of Evergy Kansas Central common stock as of June 4, 2018						$	54.00
Fair value of Evergy shares issued to Great Plains Energy shareholders						$	6,963.2
Fair value of Great Plains Energy's equity compensation awards						12.5
Total purchase price						$	6,975.7

Schedule of Purchase Price Allocation

The final purchase price allocation to Great Plains Energy's assets and liabilities as of June 4, 2018, is detailed in the following table.

						(millions)
Current assets						$	2,151.7
Property, plant and equipment, net						9,179.7
Goodwill						2,336.6
Other long-term assets, excluding goodwill						1,235.9
Total assets						$	14,903.9
Current liabilities						1,673.9
Long-term liabilities, excluding long-term debt						2,895.7
Long-term debt, net						3,358.6
Total liabilities						$	7,928.2
Total purchase price						$	6,975.7

Schedule of Unaudited Pro Forma Financial Information

The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of Evergy.

															2018
												(millions, except per share amounts)
Operating revenues															$	5,334.6
Net income attributable to Evergy, Inc.															714.3
Basic earnings per common share															$	2.67
Diluted earnings per common share															$	2.67

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