ALLIANT ENERGY CORP

For the period ended Mar 31, 2024. Filed May 3, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

LNT$73.24-0.3%Stored close · as of Nov 10, 2026

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Contents

Alliant Energy Corporation

	For the Three Months
	Ended March 31,
	2024	2023
(in millions, except per share amounts)
Revenues:
Electric utility	$791	$768
Gas utility	205	276
Other utility	13	11
Non-utility	22	22
Total revenues	1,031	1,077
Operating expenses:
Electric production fuel and purchased power	163	157
Electric transmission service	152	146
Cost of gas sold	114	181
Other operation and maintenance	160	174
Depreciation and amortization	189	166
Taxes other than income taxes	31	31
Total operating expenses	809	855
Operating income	222	222
Other (income) and deductions:
Interest expense	107	94
Equity income from unconsolidated investments, net	(15)	(17)
Allowance for funds used during construction	(19)	(19)
Other	1	3
Total other (income) and deductions	74	61
Income before income taxes	148	161
Income tax benefit	(10)	(2)
Net income attributable to Alliant Energy common shareowners	$158	$163
Weighted average number of common shares outstanding:
Basic	256.2	251.2
Diluted	256.5	251.4
Earnings per weighted average common share attributable to Alliant Energy common shareowners (basic and diluted)	$0.62	$0.65

	March 31,2024	December 31,2023
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$32	$62
Accounts receivable, less allowance for expected credit losses	426	475
Production fuel, at weighted average cost	60	62
Gas stored underground, at weighted average cost	52	79
Materials and supplies, at weighted average cost	208	202
Regulatory assets	218	232
Other	112	160
Total current assets	1,108	1,272
Property, plant and equipment, net	17,354	17,157
Investments:
ATC Holdings	392	386
Other	219	216
Total investments	611	602
Other assets:
Regulatory assets	2,002	2,029
Deferred charges and other	173	177
Total other assets	2,175	2,206
Total assets	$21,248	$21,237

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$809	$809
Commercial paper	334	475
Accounts payable	438	611
Regulatory liabilities	100	107
Other	303	302
Total current liabilities	1,984	2,304
Long-term debt, net (excluding current portion)	8,524	8,225
Other liabilities:
Deferred tax liabilities	2,038	2,042
Regulatory liabilities	1,036	1,023
Pension and other benefit obligations	245	249
Other	604	617
Total other liabilities	3,923	3,931
Commitments and contingencies (Note 13)
Equity:
Alliant Energy Corporation common equity:
Common stock - $0.01 par value - 480,000,000 shares authorized; 256,379,032 and 256,096,848 shares outstanding	3	3
Additional paid-in capital	3,033	3,030
Retained earnings	3,791	3,756
Accumulated other comprehensive income	2	1
Shares in deferred compensation trust - 341,937 and 379,006 shares at a weighted average cost of $34.96 and $34.48 per share	(12)	(13)
Total Alliant Energy Corporation common equity	6,817	6,777
Total liabilities and equity	$21,248	$21,237

	For the Three Months
	Ended March 31,
	2024	2023
(in millions)
Cash flows from operating activities:
Net income	$158	$163
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	189	166
Other	(18)	(6)
Other changes in assets and liabilities:
Accounts receivable	(116)	(86)
Gas stored underground	27	68
Derivative assets	30	115
Regulatory assets	35	(32)
Accounts payable	12	(97)
Regulatory liabilities	(14)	(95)
Other	4	(8)
Net cash flows from operating activities	307	188
Cash flows used for investing activities:
Construction and acquisition expenditures:
Utility business	(478)	(417)
Other	(32)	(34)
Cash receipts on sold receivables	155	173
Proceeds from sale of partial ownership interest in West Riverside	—	25
Other	2	(10)
Net cash flows used for investing activities	(353)	(263)
Cash flows from financing activities:
Common stock dividends	(123)	(113)
Proceeds from issuance of long-term debt	597	862
Payments to retire long-term debt	(300)	—
Net change in commercial paper and other short-term borrowings	(141)	(532)
Other	(15)	(5)
Net cash flows from financing activities	18	212
Net increase (decrease) in cash, cash equivalents and restricted cash	(28)	137
Cash, cash equivalents and restricted cash at beginning of period	63	24
Cash, cash equivalents and restricted cash at end of period	$35	$161
Supplemental cash flows information:
Cash paid during the period for:
Interest	($97)	($93)
Income taxes, net	($2)	$—
Significant non-cash investing and financing activities:
Accrued capital expenditures	$204	$254
Beneficial interest obtained in exchange for securitized accounts receivable	$184	$153

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