ALLIANT ENERGY CORP

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

Sep 30, 2024 · Filed Nov 1, 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 Nine Months
	Ended September 30,		Ended September 30,
	2024	2023	2024	2023
(in millions)
Revenues:
Electric utility	$476	$444	$1,261	$1,192
Gas utility	22	16	147	176
Other	1	1	2	2
Total revenues	499	461	1,410	1,370
Operating expenses:
Electric production fuel and purchased power	112	132	298	341
Electric transmission service	49	39	148	122
Cost of gas sold	5	—	67	99
Other operation and maintenance	72	64	200	197
Depreciation and amortization	91	71	269	208
Taxes other than income taxes	14	13	41	40
Total operating expenses	343	319	1,023	1,007
Operating income	156	142	387	363
Other (income) and deductions:
Interest expense	42	38	124	110
Allowance for funds used during construction	(7)	(22)	(24)	(58)
Other	3	(2)	4	(3)
Total other (income) and deductions	38	14	104	49
Income before income taxes	118	128	283	314
Income tax expense	4	21	13	47
Net income	$114	$107	$270	$267

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.

	September 30,2024	December 31,2023
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$69	$7
Accounts receivable, less allowance for expected credit losses	214	219
Production fuel, at weighted average cost	26	35
Gas stored underground, at weighted average cost	34	44
Materials and supplies, at weighted average cost	77	77
Regulatory assets	121	139
Prepaid gross receipts tax	37	49
Other	30	43
Total current assets	608	613
Property, plant and equipment, net	8,613	8,415
Other assets:
Regulatory assets	661	545
Deferred charges and other	56	61
Total other assets	717	606
Total assets	$9,938	$9,634

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$—	$318
Accounts payable	168	293
Accrued interest	41	40
Regulatory liabilities	47	35
Other	95	89
Total current liabilities	351	775
Long-term debt, net	3,369	3,070
Other liabilities:
Deferred tax liabilities	843	827
Regulatory liabilities	472	451
Pension and other benefit obligations	109	121
Other	719	493
Total other liabilities	2,143	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	1,476	1,353
Total Wisconsin Power and Light Company common equity	4,075	3,897
Total liabilities and equity	$9,938	$9,634

	For the Nine Months
	Ended September 30,
	2024	2023
(in millions)
Cash flows from operating activities:
Net income	$270	$267
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	269	208
Other	(47)	(38)
Other changes in assets and liabilities:
Derivative assets	7	55
Regulatory assets	62	(16)
Accounts payable	28	(55)
Deferred income taxes (a)	60	19
Other	2	(3)
Net cash flows from operating activities	651	437
Cash flows used for investing activities:
Construction and acquisition expenditures	(578)	(774)
Proceeds from sales of partial ownership interests in West Riverside	123	120
Other	(9)	(26)
Net cash flows used for investing activities	(464)	(680)
Cash flows from (used for) financing activities:
Common stock dividends	(147)	(138)
Capital contributions from parent	55	245
Proceeds from issuance of long-term debt	297	297
Net change in commercial paper	(318)	(170)
Other	(12)	20
Net cash flows from (used for) financing activities	(125)	254
Net increase in cash, cash equivalents and restricted cash	62	11
Cash, cash equivalents and restricted cash at beginning of period	7	5
Cash, cash equivalents and restricted cash at end of period	$69	$16
Supplemental cash flows information:
Cash (paid) received during the period for:
Interest	($123)	($106)
Income taxes, net (a)	$36	($63)
Significant non-cash investing and financing activities:
Accrued capital expenditures	$68	$172

(a) 2024 includes $83 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.