WISCONSIN ELECTRIC POWER COMPANY
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.49B | $3.98B | $4.05B | $4.07B | $3.66B | $3.37B | $3.50B | $3.63B |
| Cost of Revenue | $1.50B | $1.30B | $1.45B | $1.69B | $1.34B | $1.07B | $1.19B | $1.26B |
| Gross Profit | $2.99B | $2.68B | $2.59B | $2.38B | $2.32B | $2.29B | $2.31B | $2.36B |
| Gross Margin | 66.6% | 67.3% | 64.1% | 58.4% | 63.4% | 68.1% | 65.9% | 65.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $1.17B | $1.06B | $1.02B | $940.0M | $868.7M | $860.5M | $760.2M | $402.5M |
| Operating Margin | 26.1% | 26.7% | 25.3% | 23.1% | 23.7% | 25.6% | 21.7% | 11.1% |
| Interest Expense | — | — | $466.5M | $458.4M | $460.3M | $467.5M | $477.4M | $120.1M |
| Pretax Income | $743.0M | $650.8M | $624.5M | $531.0M | $440.5M | $411.5M | $305.5M | $302.6M |
| Income Tax Expense | $115.0M | $136.4M | $142.7M | $133.1M | $58.1M | $44.7M | $-57.8M | $-56.9M |
| Net Income | $626.8M | $513.2M | $480.6M | $396.7M | $381.2M | $365.6M | $362.1M | $359.5M |
| Net Margin | 13.9% | 12.9% | 11.9% | 9.7% | 10.4% | 10.9% | 10.4% | 9.9% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M |
| Shares Outstanding (Diluted) | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M | 33.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |