ALLIANT ENERGY CORP
Business
ALLIANT ENERGY CORP operates as a regulated energy holding company providing electric and natural gas utility services through its utility subsidiaries. It develops, owns and operates generation assets including coal, natural gas, wind, solar, hydroelectric and energy storage, and offers transmission, distribution, purchased power, grid reliability and related customer services. Its key business divisions include its primary utility subsidiaries (IPL and WPL) and non‑utility operations involved in renewable and energy infrastructure development. It serves retail and wholesale customers in regional service territories in the Midwest, primarily Iowa and Wisconsin, and participates in wholesale markets such as MISO.
Summary from filing dated 2025-02-21
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Electric utility | 3,697 | 3,372 | 3,345 | 3,421 | 3,081 | |
| Gas utility | 525 | 465 | 540 | 642 | 456 | |
| Other utility | 51 | 54 | 52 | 49 | 49 | |
| Non-utility | 89 | 90 | 90 | 93 | 83 | |
| Total revenues | 4,362 | 3,981 | 4,027 | 4,205 | 3,669 | |
| Electric production fuel and purchased power | 742 | 628 | 736 | 830 | 642 | |
| Electric transmission service | 625 | 613 | 583 | 573 | 537 | |
| Cost of gas sold | 263 | 224 | 299 | 389 | 258 | |
| Asset valuation charge for IPL's Lansing Generating Station | 0 | 60 | 0 | 0 | — | |
| Other operation and maintenance | 740 | 676 | 675 | 704 | 676 | |
| Depreciation and amortization | 846 | 772 | 676 | 671 | 657 | |
| Taxes other than income taxes | 121 | 122 | 115 | 110 | 104 | |
| Total operating expenses | 3,337 | 3,095 | 3,084 | 3,277 | 2,874 | |
| Operating income (loss) | 1,025 | 886 | 943 | 928 | 795 | |
| Interest expense | 512 | 449 | 394 | 325 | — | |
| Equity income from unconsolidated investments, net | −60 | −61 | −61 | −51 | −62 | |
| Allowance for funds used during construction | −89 | −75 | −100 | −60 | −25 | |
| Other | 1 | −3 | 3 | 6 | 5 | |
| Total other (income) and deductions | 364 | 310 | 236 | 220 | 195 | |
| Income before income taxes | 661 | 576 | 707 | 708 | 600 | |
| Income tax expense (benefit) | −149 | −114 | 4 | 22 | −74 | |
| Net income attributable to common shareowners | 810 | 690 | 703 | 686 | 659 | |
| Basic (in shares) | 257 | 257 | 253 | 251 | 250 | |
| Diluted (in shares) | 258 | 257 | 253 | 251 | 251 | |
| Basic (in dollars per share) | 3.15 | 2.69 | 2.78 | 2.73 | 2.63 | |
| Diluted (in dollars per share) | 3.14 | 2.69 | 2.78 | 2.73 | 2.63 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 556 | 81 | 62 | 20 | 39 | |
| Accounts receivable, less allowance for expected credit losses | 476 | 427 | 475 | 516 | 440 | |
| Production fuel, at weighted average cost | 46 | 54 | 62 | 53 | 51 | |
| Gas stored underground, at weighted average cost | 49 | 55 | 79 | 132 | 82 | |
| Materials and supplies, at weighted average cost | 193 | 186 | 202 | 140 | 113 | |
| Regulatory assets | 155 | 210 | 232 | 166 | 104 | |
| Other | 222 | 171 | 160 | 223 | 240 | |
| Total current assets | 1,697 | 1,184 | 1,272 | 1,250 | 1,069 | |
| Property, plant and equipment, net | 20,344 | 18,701 | 17,157 | 16,247 | 14,987 | |
| ATC Holdings | 463 | 415 | 386 | 358 | 338 | |
| Other | 231 | 224 | 216 | 201 | 179 | |
| Total investments | 694 | 639 | 602 | 559 | 517 | |
| Regulatory assets | 2,119 | 2,064 | 2,029 | 1,880 | 1,836 | |
| Deferred charges and other | 137 | 126 | 177 | 227 | 144 | |
| Total other assets | 2,256 | 2,190 | 2,206 | 2,107 | 1,980 | |
| Total assets | 24,991 | 22,714 | 21,237 | 20,163 | 18,553 | |
| Current maturities of long-term debt | 1,074 | 1,171 | 809 | 408 | 633 | |
| Commercial paper | 88 | 558 | 475 | 642 | 515 | |
| Accounts payable | 498 | 532 | 611 | 756 | 436 | |
| Accrued interest | 124 | 112 | — | — | — | |
| Regulatory liabilities | 88 | 69 | 107 | 206 | 186 | |
| Other | 251 | 273 | 302 | 351 | 284 | |
| Total current liabilities | 2,123 | 2,715 | 2,304 | 2,363 | 2,054 | |
| Long-term debt, net (excluding current portion) | 10,954 | 8,677 | 8,225 | 7,668 | 6,735 | |
| Deferred tax liabilities | 2,310 | 2,188 | 2,042 | 1,943 | 1,927 | |
| Regulatory liabilities | 1,113 | 959 | 1,023 | 1,118 | 1,085 | |
| Pension and other benefit obligations | 173 | 224 | 249 | 277 | 374 | |
| Other | 984 | 947 | 617 | 518 | 388 | |
| Total other liabilities | 4,580 | 4,318 | 3,931 | 3,856 | 3,774 | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Common Stock, Shares, Issued | 257 | 257 | — | — | — | |
| Common stock | 3 | 3 | 3 | 3 | 3 | |
| Additional paid-in capital | 3,101 | 3,060 | 3,030 | 2,777 | 2,749 | |
| Retained earnings | 4,243 | 3,954 | 3,756 | 3,509 | 3,250 | |
| Accumulated other comprehensive income | 1 | 1 | 1 | 0 | 0 | |
| Shares in deferred compensation trust - 367,338 and 372,116 shares at a weighted average cost of $39.05 and $36.56 per share | −14 | −14 | −13 | −13 | −12 | |
| Total common equity | 7,334 | 7,004 | 6,777 | 6,276 | 5,990 | |
| Total liabilities and equity | 24,991 | 22,714 | 21,237 | 20,163 | 18,553 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 810 | 690 | 703 | 686 | — | |
| Deferred tax expense (benefit) and tax credits | −158 | −117 | 14 | 13 | −78 | |
| Other | 27 | −22 | −39 | −17 | 35 | |
| Accounts receivable | −652 | −547 | −414 | −672 | −530 | |
| Derivative assets | 6 | 13 | 149 | −61 | −142 | |
| Accounts payable | 14 | 96 | −122 | 78 | 37 | |
| Regulatory liabilities | 140 | −103 | −149 | 22 | −66 | |
| Deferred income taxes | 252 | 259 | 84 | 4 | 193 | |
| Other | −116 | 66 | −35 | −33 | −64 | |
| Net cash flows from operating activities | 1,169 | 1,167 | 867 | 486 | 582 | |
| Utility construction and acquisition expenditures | −2,277 | −2,052 | −1,731 | −1,392 | −1,070 | |
| Other construction and acquisition expenditures | −206 | −197 | −123 | −92 | −99 | |
| Cash receipts on sold receivables | 628 | 593 | 453 | 598 | 502 | |
| Proceeds from sales of partial ownership interests in West Riverside | 0 | 123 | 120 | 0 | 0 | |
| Other | −41 | −14 | −120 | −47 | −61 | |
| Net cash flows from (used for) investing activities | −1,896 | −1,547 | −1,401 | −933 | −728 | |
| Common stock dividends | −521 | −492 | −456 | −428 | −403 | |
| Proceeds from issuance of common stock, net | 23 | 23 | 246 | 25 | 28 | |
| Proceeds from issuance of long-term debt | 2,470 | 1,613 | 1,455 | 1,338 | 600 | |
| Payments to retire long-term debt | −300 | −809 | −508 | −633 | −8 | |
| Net change in commercial paper | −470 | 83 | −167 | 127 | 126 | |
| Other | 0 | −20 | 3 | 2 | −13 | |
| Net cash flows from (used for) financing activities | 1,202 | 398 | 573 | 431 | 130 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 475 | 18 | 39 | −16 | −16 | |
| Interest | −500 | −434 | −378 | −311 | −272 | |
| Income taxes, net | 266 | 197 | 88 | −6 | −3 | |
| Accrued capital expenditures | 178 | 224 | 364 | 382 | 141 | |
| Beneficial interest obtained in exchange for securitized accounts receivable | 126 | 163 | 216 | 185 | 214 |