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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
OPERATING REVENUES $ 1,184.7 $ 1,221.7 $ 2,301.4 $ 2,438.6
OPERATING EXPENSES:        
Fuel and purchased power 258.1 291.6 516.3 621.6
SPP network transmission costs 69.7 62.8 131.7 126.3
Operating and maintenance 272.7 288.6 560.9 595.5
Depreciation and amortization 221.6 215.4 440.1 429.0
Taxes other than income tax 90.9 91.6 183.2 184.9
Total Operating Expenses 913.0 950.0 1,832.2 1,957.3
INCOME FROM OPERATIONS 271.7 271.7 469.2 481.3
OTHER INCOME (EXPENSE):        
Investment earnings 3.1 2.6 2.3 5.8
Other income 7.6 6.1 9.9 14.3
Other expense (14.9) (18.1) (37.6) (37.5)
Total Other Expense, Net (4.2) (9.4) (25.4) (17.4)
Interest expense 99.5 95.4 195.7 186.5
INCOME BEFORE INCOME TAXES 168.0 166.9 248.1 277.4
Income tax expense 33.7 24.4 43.8 33.7
Equity in earnings of equity method investees, net of income taxes 2.0 2.1 4.2 4.3
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
BASIC AND DILUTED EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING ATTRIBUTABLE TO EVERGY, INC. (see Note 1)        
Basic earnings per common share (in dollars per share) $ 0.59 $ 0.57 $ 0.89 $ 0.96
Diluted earnings per common share (in dollars per share) $ 0.59 $ 0.57 $ 0.89 $ 0.96
AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 227.2 243.2 227.1 248.0
Diluted (in shares) 227.6 243.4 227.6 248.2
COMPREHENSIVE INCOME        
Net income $ 136.3 $ 144.6 $ 208.5 $ 248.0
Derivative hedging activity        
Loss on derivative hedging instruments 0.0 (21.2) 0.0 (35.0)
Income tax benefit 0.0 5.4 0.0 9.0
Net loss on derivative hedging instruments 0.0 (15.8) 0.0 (26.0)
Reclassification to expenses, net of tax (1.0) 0.0 0.3 0.0
Derivative hedging activity, net of tax (1.0) (15.8) 0.3 (26.0)
Defined benefit pension plans        
Amortization of net losses included in net periodic benefit costs, net of tax (0.1) 0.0 (0.1) 0.0
Change in unrecognized pension expense, net of tax (0.1) 0.0 (0.1) 0.0
Total other comprehensive income (loss) (1.1) (15.8) 0.2 (26.0)
COMPREHENSIVE INCOME 135.2 128.8 208.7 222.0
Less: comprehensive income attributable to noncontrolling interest 2.9 4.9 5.7 8.8
COMPREHENSIVE INCOME $ 132.3 $ 123.9 $ 203.0 $ 213.2