ALLIANT ENERGY CORP

For the period ended Mar 31, 2025. Filed May 9, 2025.

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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, 2025 · Filed May 9, 2025

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,
	2025	2024
(in millions)
Revenues:
Electric utility	$423	$399
Gas utility	122	97
Other	1	—
Total revenues	546	496
Operating expenses:
Electric production fuel and purchased power	108	96
Electric transmission service	50	49
Cost of gas sold	72	53
Other operation and maintenance	67	63
Depreciation and amortization	93	90
Taxes other than income taxes	14	14
Total operating expenses	404	365
Operating income	142	131
Other (income) and deductions:
Interest expense	43	41
Allowance for funds used during construction	(9)	(9)
Other	3	1
Total other (income) and deductions	37	33
Income before income taxes	105	98
Income tax expense (benefit)	(5)	6
Net income	$110	$92

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 31,2025	December 31,2024
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$11	$51
Accounts receivable, less allowance for expected credit losses	235	220
Production fuel, at weighted average cost	26	24
Gas stored underground, at weighted average cost	11	30
Materials and supplies, at weighted average cost	70	69
Regulatory assets	101	133
Prepaid gross receipts tax	39	51
Other	40	57
Total current assets	533	635
Property, plant and equipment, net	8,937	8,861
Other assets:
Regulatory assets	580	555
Deferred charges and other	51	55
Total other assets	631	610
Total assets	$10,101	$10,106

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$212	$183
Accounts payable	155	209
Accrued interest	41	44
Regulatory liabilities	33	15
Other	85	94
Total current liabilities	526	545
Long-term debt, net	3,371	3,370
Other liabilities:
Deferred tax liabilities	828	865
Regulatory liabilities	489	467
Pension and other benefit obligations	92	102
Other	659	656
Total other liabilities	2,068	2,090
Commitments and contingencies (Note 12)
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	2,533
Retained earnings	1,537	1,502
Total Wisconsin Power and Light Company common equity	4,136	4,101
Total liabilities and equity	$10,101	$10,106

	For the Three Months
	Ended March 31,
	2025	2024
(in millions)
Cash flows from operating activities:
Net income	$110	$92
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	93	90
Other	(22)	(11)
Other changes in assets and liabilities:
Regulatory assets	6	29
Accounts payable	(24)	15
Regulatory liabilities	37	(18)
Deferred income taxes	(24)	(7)
Other	14	51
Net cash flows from operating activities	190	241
Cash flows used for investing activities:
Construction and acquisition expenditures	(178)	(225)
Other	(7)	12
Net cash flows used for investing activities	(185)	(213)
Cash flows used for financing activities:
Common stock dividends	(75)	(49)
Capital contributions from parent	—	55
Proceeds from issuance of long-term debt	—	297
Net change in commercial paper	29	(318)
Other	1	(9)
Net cash flows used for financing activities	(45)	(24)
Net increase (decrease) in cash, cash equivalents and restricted cash	(40)	4
Cash, cash equivalents and restricted cash at beginning of period	51	7
Cash, cash equivalents and restricted cash at end of period	$11	$11
Supplemental cash flows information:
Cash paid during the period for:
Interest	($47)	($40)
Significant non-cash investing and financing activities:
Accrued capital expenditures	$56	$91

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.