Repayment of intercompany note

[Table of Contents](#i9e3d7fad53bb42b083be8286e4319cd4_10) 

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| EVERGY, INC. |  |  |
| Statements of Cash Flows of Parent Company |  |  |
|  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |  |  |
| CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: | (millions) |  |  |
| Net income | $ | 872.8  |  |  | $ | 612.5  |  |  | $ | 664.4  |  |  |  |
| Adjustments to reconcile income to net cash from operating activities: |  |  |  |  |  |  |  |
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| Non-cash compensation | 15.6  |  |  | 16.0  |  |  | 16.3  |  |  |  |
| Net deferred income taxes and credits | —  |  |  | 9.6  |  |  | 21.4  |  |  |  |
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| Equity in earnings from subsidiaries | (932.9) |  |  | (683.4) |  |  | (698.2) |  |  |  |
| Other | 7.0  |  |  | 7.0  |  |  | 2.1  |  |  |  |
| Changes in working capital items: |  |  |  |  |  |  |  |
| Accounts receivable from subsidiaries | (18.2) |  |  | (30.0) |  |  | 8.9  |  |  |  |
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| Income taxes receivable | (7.5) |  |  | 0.6  |  |  | (7.8) |  |  |  |
| Prepaid expenses and other current assets | —  |  |  | 0.8  |  |  | (0.1) |  |  |  |
| Accounts payable to subsidiaries | 3.9  |  |  | 5.0  |  |  | (15.0) |  |  |  |
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| Accrued interest | (1.4) |  |  | (0.7) |  |  | 12.5  |  |  |  |
| Other current liabilities | (3.2) |  |  | 2.9  |  |  | 1.7  |  |  |  |
| Cash dividends from subsidiaries | 290.0  |  |  | 355.0  |  |  | 460.0  |  |  |  |
| Changes in other assets | 0.1  |  |  | 0.3  |  |  | 0.2  |  |  |  |
| Changes in other liabilities | 4.8  |  |  | (3.7) |  |  | (3.5) |  |  |  |
| Cash Flows from Operating Activities | 231.0  |  |  | 291.9  |  |  | 462.9  |  |  |  |
| CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: |  |  |  |  |  |  |  |
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| Repayment of intercompany note | 347.4  |  |  | —  |  |  | —  |  |  |  |
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| Cash Flows from Investing Activities | 347.4  |  |  | —  |  |  | —  |  |  |  |
| CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: |  |  |  |  |  |  |  |
| Short term debt, net | 157.1  |  |  | 180.0  |  |  | 20.0  |  |  |  |
|  |  |  |  |  |  |  |  |
| Proceeds from long-term debt | —  |  |  | —  |  |  | 1,585.0  |  |  |  |
| Retirements of long-term debt | (350.0) |  |  | —  |  |  | —  |  |  |  |
| Payment for settlement of interest rate swap accounted for as a cash flow hedge | —  |  |  | —  |  |  | (69.8) |  |  |  |
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| Cash dividends paid | (497.9) |  |  | (465.0) |  |  | (462.5) |  |  |  |
| Issuance of common stock | 112.5  |  |  | —  |  |  | —  |  |  |  |
| Repurchase of common stock | —  |  |  | —  |  |  | (1,628.7) |  |  |  |
| Other financing activities | (3.6) |  |  | (7.5) |  |  | (2.4) |  |  |  |
| Cash Flows used in Financing Activities | (581.9) |  |  | (292.5) |  |  | (558.4) |  |  |  |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (3.5) |  |  | (0.6) |  |  | (95.5) |  |  |  |
| CASH AND CASH EQUIVALENTS: |  |  |  |  |  |  |  |
| Beginning of period | 11.0  |  |  | 11.6  |  |  | 107.1  |  |  |  |
| End of period | $ | 7.5  |  |  | $ | 11.0  |  |  | $ | 11.6  |  |  |  |

The accompanying Notes to Financial Statements of Parent Company are an integral part of these statements.180
