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LEASES (Tables)

12 Months Ended

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		%

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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

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X

- 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

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X

- 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

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