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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Fuel Inventory and Supplies
The Evergy Companies record fuel inventory and supplies at average cost. The following table separately states the balances for fuel inventory and supplies.
 
 
June 30
2020
 
 
December 31
2019
 
Evergy
 
(millions)
 
Fuel inventory
 
$
168.1

 
 
$
146.4

 
Supplies
 
352.2

 
 
335.2

 
Fuel inventory and supplies
 
$
520.3

 
 
$
481.6

 
Evergy Kansas Central
 
 
 
 
 
 
Fuel inventory
 
$
87.4

 
 
$
80.2

 
Supplies
 
194.0

 
 
186.2

 
Fuel inventory and supplies
 
$
281.4

 
 
$
266.4

 
Evergy Metro
 
 

 
 
 

 
Fuel inventory
 
$
58.6

 
 
$
46.1

 
Supplies
 
122.8

 
 
116.9

 
Fuel inventory and supplies
 
$
181.4

 
 
$
163.0

 
Summary of Property, Plant and Equipment
The following tables summarize the property, plant and equipment of Evergy, Evergy Kansas Central and Evergy Metro.
June 30, 2020
 
Evergy
 
Evergy Kansas Central
 
Evergy Metro
 
 
 
(millions)
 
Electric plant in service
 
 
$
28,246.6

 
 
 
$
13,739.7

 
 
 
$
10,930.9

 
Electric plant acquisition adjustment
 
 
724.3

 
 
 
724.3

 
 
 
—

 
Accumulated depreciation
 
 
(10,680.9
)
 
 
 
(5,127.0
)
 
 
 
(4,421.2
)
 
Plant in service, net
 
 
18,290.0

 
 
 
9,337.0

 
 
 
6,509.7

 
Construction work in progress
 
 
799.4

 
 
 
445.2

 
 
 
291.5

 
Nuclear fuel, net
 
 
101.5

 
 
 
50.4

 
 
 
51.1

 
Plant to be retired, net(a)
 
 
0.9

 
 
 
0.9

 
 
 
—

 
Property, plant and equipment, net
 
 
$
19,191.8

 
 
 
$
9,833.5

 
 
 
$
6,852.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2019
 
Evergy
 
Evergy Kansas Central
 
Evergy Metro
 
 
 
(millions)
 
Electric plant in service
 
 
$
27,768.8

 
 
 
$
13,538.1

 
 
 
$
10,776.5

 
Electric plant acquisition adjustment
 
 
740.6

 
 
 
740.6

 
 
 
—

 
Accumulated depreciation
 
 
(10,293.7
)
 
 
 
(4,951.5
)
 
 
 
(4,272.0
)
 
Plant in service, net
 
 
18,215.7

 
 
 
9,327.2

 
 
 
6,504.5

 
Construction work in progress
 
 
839.2

 
 
 
472.8

 
 
 
269.9

 
Nuclear fuel, net
 
 
128.5

 
 
 
63.9

 
 
 
64.6

 
Plant to be retired, net(a)
 
 
1.0

 
 
 
1.0

 
 
 
—

 
Property, plant and equipment, net
 
 
$
19,184.4

 
 
 
$
9,864.9

 
 
 
$
6,839.0

 
(a) As of June 30, 2020 and December 31, 2019, represents the planned retirement of Evergy Kansas Central analog meters prior to the end of their remaining useful lives.
Schedule of Other Nonoperating Income (Expense)
The table below shows the detail of other expense for each of the Evergy Companies.
 
Three Months Ended
June 30
 
Year to Date
June 30

2020
 
2019
 
2020
 
2019
Evergy
(millions)
Non-service cost component of net benefit cost
$
(13.8
)
 
$
(14.1
)
 
$
(30.0
)
 
$
(27.2
)
Other
(1.1
)
 
(4.0
)
 
(7.6
)
 
(10.3
)
Other expense
$
(14.9
)
 
$
(18.1
)
 
$
(37.6
)
 
$
(37.5
)
Evergy Kansas Central
 
 
 
 
 
 
 
Non-service cost component of net benefit cost
$
(4.4
)
 
$
(5.2
)
 
$
(10.0
)
 
$
(9.6
)
Other
(1.3
)
 
(3.3
)
 
(7.2
)
 
(9.5
)
Other expense
$
(5.7
)
 
$
(8.5
)
 
$
(17.2
)
 
$
(19.1
)
Evergy Metro
 
 
 
 
 
 
 
Non-service cost component of net benefit cost
$
(6.3
)
 
$
(5.2
)
 
$
(13.2
)
 
$
(10.3
)
Other
0.4

 
(0.6
)
 
(0.1
)
 
(0.5
)
Other expense
$
(5.9
)
 
$
(5.8
)
 
$
(13.3
)
 
$
(10.8
)
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles Evergy's basic and diluted EPS.
 
Three Months Ended
June 30
 
Year to Date
June 30

2020
 
2019
 
2020
 
2019
Income
(millions, except per share amounts)
Net income
$
136.3

 
$
144.6

 
$
208.5

 
$
248.0

Less: Net income attributable to noncontrolling interests
2.9

 
4.9

 
5.7

 
8.8

Net income attributable to Evergy, Inc.
$
133.4

 
$
139.7

 
$
202.8

 
$
239.2

Common Shares Outstanding
 
 
 
 
 

 
 

Weighted average number of common shares outstanding - basic
227.2

 
243.2

 
227.1

 
248.0

Add: Effect of dilutive securities
0.4

 
0.2

 
0.5

 
0.2

Weighted average number of common shares outstanding - dilutive
227.6

 
243.4

 
227.6

 
248.2

Basic and Diluted EPS
$
0.59

 
$
0.57

 
$
0.89

 
$
0.96
Supplemental Cash Flow Information
Supplemental Cash Flow Information
Evergy
 
 
 
 
Year to Date June 30
 
2020
 
2019
Cash paid for (received from):
 
(millions)
Interest, net of amounts capitalized
 
$
185.3

 
$
173.9

Interest of VIEs
 
0.6

 
1.0

Income taxes, net of refunds
 
0.2

 
(17.7
)
Right-of-use assets obtained in exchange for new operating lease liabilities
 
3.8

 
2.2

Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
113.2

 
93.1

Non-cash financing transactions:
 
 
 
 
Issuance of stock for compensation and reinvested dividends
 
0.9

 
(0.3
)
Right-of-use assets obtained in exchange for new finance lease liabilities
 
3.5

 
2.3

Evergy Kansas Central
 
 
 
 
Year to Date June 30
 
2020
 
2019
Cash paid for (received from):
 
(millions)
Interest, net of amounts capitalized
 
$
82.7

 
$
76.9

Interest of VIEs
 
0.6

 
1.0

Income taxes, net of refunds
 
0.2

 
(10.4
)
Right-of-use assets obtained in exchange for new operating lease liabilities
 
3.5

 
—

Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
46.3

 
24.2

Non-cash financing transactions:
 
 
 
 
Right-of-use assets obtained in exchange for new finance lease liabilities
 
2.2

 
2.3

Evergy Metro
 
 
 
 
Year to Date June 30
 
2020
 
2019
Cash paid for (received from):
 
(millions)
Interest, net of amounts capitalized
 
$
54.9

 
$
64.6

Income taxes, net of refunds
 
—

 
17.5

Right-of-use assets obtained in exchange for new operating lease liabilities
 
0.3

 
2.2

Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
46.4

 
64.5

Non-cash financing transactions:
 
 
 
 
Right-of-use assets obtained in exchange for new finance lease liabilities
 
1.3

 
—