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$73.46+1.1%Stored close · as of Nov 9, 2026

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Contents

Interstate Power and Light Company

	For the Three Months
	Ended March 31,
	2024	2023
(in millions)
Revenues:
Electric utility	$392	$388
Gas utility	108	150
Steam and other	13	11
Total revenues	513	549
Operating expenses:
Electric production fuel and purchased power	67	47
Electric transmission service	103	104
Cost of gas sold	60	95
Other operation and maintenance	86	95
Depreciation and amortization	96	96
Taxes other than income taxes	16	16
Total operating expenses	428	453
Operating income	85	96
Other (income) and deductions:
Interest expense	42	37
Allowance for funds used during construction	(10)	(3)
Other	—	1
Total other (income) and deductions	32	35
Income before income taxes	53	61
Income tax benefit	(10)	(11)
Net income	$63	$72

Earnings per share data is not disclosed given Alliant Energy Corporation is the sole shareowner of all shares of IPL’s common stock outstanding during the periods presented.

	March 31,2024	December 31,2023
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$12	$53
Accounts receivable, less allowance for expected credit losses	204	242
Production fuel, at weighted average cost	29	27
Gas stored underground, at weighted average cost	17	35
Materials and supplies, at weighted average cost	126	122
Regulatory assets	85	93
Other	42	51
Total current assets	515	623
Property, plant and equipment, net	8,450	8,298
Other assets:
Regulatory assets	1,482	1,484
Deferred charges and other	85	84
Total other assets	1,567	1,568
Total assets	$10,532	$10,489

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$500	$500
Accounts payable	213	262
Accrued taxes	61	50
Accrued interest	49	40
Regulatory liabilities	79	72
Other	97	101
Total current liabilities	999	1,025
Long-term debt, net (excluding current portion)	3,445	3,445
Other liabilities:
Deferred tax liabilities	1,098	1,091
Regulatory liabilities	569	572
Pension and other benefit obligations	49	51
Other	335	331
Total other liabilities	2,051	2,045
Commitments and contingencies (Note 13)
Equity:
Interstate Power and Light Company common equity:
Common stock - $2.50 par value - 24,000,000 shares authorized; 13,370,788 shares outstanding	33	33
Additional paid-in capital	2,937	2,887
Retained earnings	1,067	1,054
Total Interstate Power and Light Company common equity	4,037	3,974
Total liabilities and equity	$10,532	$10,489

	For the Three Months
	Ended March 31,
	2024	2023
(in millions)
Cash flows from operating activities:
Net income	$63	$72
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	96	96
Other	(11)	1
Other changes in assets and liabilities:
Accounts receivable	(119)	(106)
Gas stored underground	18	34
Derivative assets	20	69
Accounts payable	(7)	(56)
Regulatory liabilities	4	(59)
Other	12	(27)
Net cash flows from operating activities	76	24
Cash flows from (used for) investing activities:
Construction and acquisition expenditures	(253)	(101)
Cash receipts on sold receivables	155	173
Other	(9)	(2)
Net cash flows from (used for) investing activities	(107)	70
Cash flows used for financing activities:
Common stock dividends	(50)	(70)
Capital contributions from parent	50	—
Other	(10)	(4)
Net cash flows used for financing activities	(10)	(74)
Net increase (decrease) in cash, cash equivalents and restricted cash	(41)	20
Cash, cash equivalents and restricted cash at beginning of period	53	15
Cash, cash equivalents and restricted cash at end of period	$12	$35
Supplemental cash flows information:
Cash paid during the period for:
Interest	($32)	($37)
Income taxes, net	($2)	$—
Significant non-cash investing and financing activities:
Accrued capital expenditures	$110	$98
Beneficial interest obtained in exchange for securitized accounts receivable	$184	$153

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.