ALLIANT ENERGY CORP

For the period ended Jun 30, 2024. Filed Aug 2, 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.

Jun 30, 2024 · Filed Aug 2, 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 · For the Six Months
	Ended June 30,		Ended June 30,
	2024	2023	2024	2023
(in millions)
Revenues:
Electric utility	$385	$368	$785	$748
Gas utility	29	33	125	159
Other	1	1	1	1
Total revenues	415	402	911	908
Operating expenses:
Electric production fuel and purchased power	90	99	186	209
Electric transmission service	49	42	98	83
Cost of gas sold	8	13	62	99
Other operation and maintenance	67	67	128	133
Depreciation and amortization	87	69	178	137
Taxes other than income taxes	14	13	28	27
Total operating expenses	315	303	680	688
Operating income	100	99	231	220
Other (income) and deductions:
Interest expense	41	36	82	72
Allowance for funds used during construction	(8)	(19)	(17)	(35)
Other	—	(4)	2	(3)
Total other (income) and deductions	33	13	67	34
Income before income taxes	67	86	164	186
Income tax expense	3	14	8	26
Net income	$64	$72	$156	$160

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.

	June 30,2024	December 31,2023
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$80	$7
Accounts receivable, less allowance for expected credit losses	209	219
Production fuel, at weighted average cost	30	35
Gas stored underground, at weighted average cost	34	44
Materials and supplies, at weighted average cost	79	77
Regulatory assets	128	139
Prepaid gross receipts tax	49	49
Other	38	43
Total current assets	647	613
Property, plant and equipment, net	8,554	8,415
Other assets:
Regulatory assets	669	545
Deferred charges and other	55	61
Total other assets	724	606
Total assets	$9,925	$9,634

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$—	$318
Accounts payable	261	293
Accrued interest	46	40
Regulatory liabilities	48	35
Other	83	89
Total current liabilities	438	775
Long-term debt, net	3,368	3,070
Other liabilities:
Deferred tax liabilities	804	827
Regulatory liabilities	470	451
Pension and other benefit obligations	114	121
Other	721	493
Total other liabilities	2,109	1,892
Commitments and contingencies (Note 14)
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	1,411	1,353
Total Wisconsin Power and Light Company common equity	4,010	3,897
Total liabilities and equity	$9,925	$9,634

	For the Six Months
	Ended June 30,
	2024	2023
(in millions)
Cash flows from operating activities:
Net income	$156	$160
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	178	137
Other	(24)	(30)
Other changes in assets and liabilities:
Accounts receivable	10	33
Gas stored underground	10	31
Derivative assets	3	47
Regulatory assets	44	(35)
Accounts payable	41	(54)
Regulatory liabilities	5	(38)
Other	(32)	17
Net cash flows from operating activities	391	268
Cash flows used for investing activities:
Construction and acquisition expenditures	(370)	(507)
Proceeds from sales of partial ownership interests in West Riverside	123	120
Other	—	(15)
Net cash flows used for investing activities	(247)	(402)
Cash flows from (used for) financing activities:
Common stock dividends	(98)	(92)
Capital contributions from parent	55	180
Proceeds from issuance of long-term debt	297	297
Net change in commercial paper	(318)	(246)
Other	(7)	(7)
Net cash flows from (used for) financing activities	(71)	132
Net increase (decrease) in cash, cash equivalents and restricted cash	73	(2)
Cash, cash equivalents and restricted cash at beginning of period	7	5
Cash, cash equivalents and restricted cash at end of period	$80	$3
Supplemental cash flows information:
Cash paid during the period for:
Interest	($76)	($69)
Income taxes, net (a)	($10)	($42)
Significant non-cash investing and financing activities:
Accrued capital expenditures	$146	$196

(a) 2024 includes $28 million of proceeds from renewable tax credits transferred to other corporate taxpayers

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.