ALLIANT ENERGY CORP

For the period ended Sep 30, 2024. Filed Nov 1, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 1, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Alliant Energy Corporation

For the Three Months · For the Nine Months
	Ended September 30,		Ended September 30,
	2024	2023	2024	2023
(in millions, except per share amounts)
Revenues:
Electric utility	$999	$995	$2,579	$2,562
Gas utility	49	47	322	400
Other utility	12	13	36	38
Non-utility	21	22	68	66
Total revenues	1,081	1,077	3,005	3,066
Operating expenses:
Electric production fuel and purchased power	192	231	493	553
Electric transmission service	165	154	464	438
Cost of gas sold	13	12	152	226
Other operation and maintenance:
Asset valuation charge for IPL’s Lansing Generating Station	—	—	60	—
Other	174	160	510	499
Depreciation and amortization	195	170	571	503
Taxes other than income taxes	29	28	90	87
Total operating expenses	768	755	2,340	2,306
Operating income	313	322	665	760
Other (income) and deductions:
Interest expense	114	99	329	289
Equity income from unconsolidated investments, net	(14)	(14)	(44)	(45)
Allowance for funds used during construction	(20)	(28)	(58)	(71)
Other	—	1	2	2
Total other (income) and deductions	80	58	229	175
Income before income taxes	233	264	436	585
Income tax expense (benefit)	(62)	5	(104)	3
Net income attributable to Alliant Energy common shareowners	$295	$259	$540	$582
Weighted average number of common shares outstanding:
Basic	256.6	253.5	256.4	252.1
Diluted	256.9	253.8	256.7	252.4
Earnings per weighted average common share attributable to Alliant Energy common shareowners:
Basic	$1.15	$1.02	$2.11	$2.31
Diluted	$1.15	$1.02	$2.10	$2.31

	September 30,2024	December 31,2023
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$827	$62
Accounts receivable, less allowance for expected credit losses	463	475
Production fuel, at weighted average cost	60	62
Gas stored underground, at weighted average cost	60	79
Materials and supplies, at weighted average cost	200	202
Regulatory assets	214	232
Other	144	160
Total current assets	1,968	1,272
Property, plant and equipment, net	17,936	17,157
Investments:
ATC Holdings	407	386
Other	226	216
Total investments	633	602
Other assets:
Regulatory assets	2,136	2,029
Deferred charges and other	156	177
Total other assets	2,292	2,206
Total assets	$22,829	$21,237

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$1,104	$809
Commercial paper	330	475
Accounts payable	473	611
Regulatory liabilities	81	107
Other	300	302
Total current liabilities	2,288	2,304
Long-term debt, net (excluding current portion)	9,245	8,225
Other liabilities:
Deferred tax liabilities	2,164	2,042
Regulatory liabilities	991	1,023
Pension and other benefit obligations	234	249
Other	939	617
Total other liabilities	4,328	3,931
Commitments and contingencies (Note 14)
Equity:
Alliant Energy Corporation common equity:
Common stock - $0.01 par value - 480,000,000 shares authorized; 256,599,202 and 256,096,848 shares outstanding	3	3
Additional paid-in capital	3,052	3,030
Retained earnings	3,927	3,756
Accumulated other comprehensive income (loss)	(1)	1
Shares in deferred compensation trust - 362,813 and 379,006 shares at a weighted average cost of $35.94 and $34.48 per share	(13)	(13)
Total Alliant Energy Corporation common equity	6,968	6,777
Total liabilities and equity	$22,829	$21,237

	For the Nine Months
	Ended September 30,
	2024	2023
(in millions)
Cash flows from operating activities:
Net income	$540	$582
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	571	503
Deferred tax benefit and tax credits	(103)	(8)
Asset valuation charge for IPL’s Lansing Generating Station	60	—
Other	(9)	(30)
Other changes in assets and liabilities:
Accounts receivable	(388)	(279)
Derivative assets	7	102
Accounts payable	59	(91)
Regulatory liabilities	(67)	(126)
Deferred income taxes (a)	222	(23)
Other	21	(8)
Net cash flows from operating activities	913	622
Cash flows used for investing activities:
Construction and acquisition expenditures:
Utility business	(1,280)	(1,201)
Other	(154)	(92)
Cash receipts on sold receivables	399	306
Proceeds from sales of partial ownership interests in West Riverside	123	120
Other	(28)	(85)
Net cash flows used for investing activities	(940)	(952)
Cash flows from financing activities:
Common stock dividends	(369)	(341)
Proceeds from issuance of common stock, net	18	201
Proceeds from issuance of long-term debt	1,613	1,158
Payments to retire long-term debt	(305)	(404)
Net change in commercial paper and other short-term borrowings	(145)	(141)
Other	(18)	42
Net cash flows from financing activities	794	515
Net increase in cash, cash equivalents and restricted cash	767	185
Cash, cash equivalents and restricted cash at beginning of period	63	24
Cash, cash equivalents and restricted cash at end of period	$830	$209
Supplemental cash flows information:
Cash (paid) received during the period for:
Interest	($326)	($280)
Income taxes, net (a)	$158	($6)
Significant non-cash investing and financing activities:
Accrued capital expenditures	$194	$287
Beneficial interest obtained in exchange for securitized accounts receivable	$212	$236

(a) 2024 includes $172 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.