Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2022

Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]


	Year Ended December 31
(in millions)	2022		2021		2020
Cash paid for interest, net of amount capitalized	$	485.2	$	473.8	$	492.9
Cash paid for income taxes, net	52.4		33.8		27.9
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs	197.4		127.8		153.1
Increase in receivable related to insurance proceeds	—		41.7		2.7
Liabilities accrued for software licensing agreement	7.4		—		—

The statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. Our restricted cash consists of the following:

•Cash held in the Integrys rabbi trust, which is used to fund participants' benefits under the Integrys deferred compensation plan and certain Integrys non-qualified pension plans. All assets held within the rabbi trust are restricted as they can only be withdrawn from the trust to make qualifying benefit payments.

•Cash on deposit in financial institutions that is restricted to satisfy the requirements of certain debt agreements at WECI Wind Holding I and WEPCo Environmental Trust.

•Cash we received when WECI acquired ownership interests in certain wind generation projects. This cash is restricted as it can only be used to pay for any remaining costs associated with the construction of the wind generation facilities.

•Cash used by WE and WPS for the purchase of a natural gas-fired cogeneration facility located in Whitewater, Wisconsin. This cash was included in other long-term assets at December 31, 2022. See Note 2, Acquisitions, for more information on the purchase of this facility.

The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets at December 31 to the total of these amounts shown on the statements of cash flows:


(in millions)	2022		2021		2020
Cash and cash equivalents	$	28.9	$	16.3	$	24.8
Restricted cash included in other current assets	25.6		19.6		—
Restricted cash included in other long-term assets	127.7		51.6		47.8
Cash, cash equivalents, and restricted cash	$	182.2	$	87.5	$	72.6