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

Wisconsin Power and Light Company

	For the Three Months
	Ended March 31,
	2024	2023
(in millions)
Revenues:
Electric utility	$399	$380
Gas utility	97	126
Total revenues	496	506
Operating expenses:
Electric production fuel and purchased power	96	109
Electric transmission service	49	42
Cost of gas sold	53	86
Other operation and maintenance	63	66
Depreciation and amortization	90	68
Taxes other than income taxes	14	14
Total operating expenses	365	385
Operating income	131	121
Other (income) and deductions:
Interest expense	41	36
Allowance for funds used during construction	(9)	(16)
Other	1	1
Total other (income) and deductions	33	21
Income before income taxes	98	100
Income tax expense	6	12
Net income	$92	$88

Earnings per share data is not disclosed given Alliant Energy Corporation is the sole shareowner of all shares of WPL’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	$11	$7
Accounts receivable, less allowance for expected credit losses	209	219
Production fuel, at weighted average cost	31	35
Gas stored underground, at weighted average cost	35	44
Materials and supplies, at weighted average cost	78	77
Regulatory assets	133	139
Prepaid gross receipts tax	38	49
Other	19	43
Total current assets	554	613
Property, plant and equipment, net	8,450	8,415
Other assets:
Regulatory assets	520	545
Deferred charges and other	57	61
Total other assets	577	606
Total assets	$9,581	$9,634

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$—	$318
Accounts payable	174	293
Accrued interest	42	40
Regulatory liabilities	21	35
Other	105	89
Total current liabilities	342	775
Long-term debt, net	3,367	3,070
Other liabilities:
Deferred tax liabilities	811	827
Regulatory liabilities	467	451
Pension and other benefit obligations	119	121
Other	480	493
Total other liabilities	1,877	1,892
Commitments and contingencies (Note 13)
Equity:
Wisconsin Power and Light Company common equity:
Common stock - $5 par value - 18,000,000 shares authorized; 13,236,601 shares outstanding	66	66
Additional paid-in capital	2,533	2,478
Retained earnings	1,396	1,353
Total Wisconsin Power and Light Company common equity	3,995	3,897
Total liabilities and equity	$9,581	$9,634

	For the Three Months
	Ended March 31,
	2024	2023
(in millions)
Cash flows from operating activities:
Net income	$92	$88
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	90	68
Other	(11)	(12)
Other changes in assets and liabilities:
Gas stored underground	9	35
Derivative assets	12	46
Regulatory assets	29	(37)
Accounts payable	15	(48)
Derivative liabilities	(4)	28
Regulatory liabilities	(18)	(35)
Other	27	52
Net cash flows from operating activities	241	185
Cash flows used for investing activities:
Construction and acquisition expenditures	(225)	(316)
Proceeds from sale of partial ownership interest in West Riverside	—	25
Other	12	(4)
Net cash flows used for investing activities	(213)	(295)
Cash flows from (used for) financing activities:
Common stock dividends	(49)	(46)
Capital contributions from parent	55	180
Proceeds from issuance of long-term debt	297	297
Net change in commercial paper	(318)	(230)
Other	(9)	(10)
Net cash flows from (used for) financing activities	(24)	191
Net increase in cash, cash equivalents and restricted cash	4	81
Cash, cash equivalents and restricted cash at beginning of period	7	5
Cash, cash equivalents and restricted cash at end of period	$11	$86
Supplemental cash flows information:
Cash paid during the period for:
Interest	($40)	($40)
Significant non-cash investing and financing activities:
Accrued capital expenditures	$91	$152

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