NASDAQ : LNT
Alliant Energy Corporation — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 70.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 18.33B
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Financial statements
Alliant Energy Corporation (LNT) reported revenue of 4.50B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.50B | 4.36B | 3.98B | 4.03B | 4.21B | 3.67B |
| Fuel & Purchased Power | 700.00M | 742.00M | 628.00M | 736.00M | 830.00M | 642.00M |
| Operations & Maintenance | 806.00M | 718.00M | 664.00M | 663.00M | 691.00M | 662.00M |
| Depreciation & Amortization | 880.00M | 846.00M | 772.00M | 676.00M | 671.00M | 657.00M |
| Other Operating Expenses | 1.12B | 1.05B | 987.00M | 1.03B | 1.11B | 922.00M |
| Total Operating Expenses | 3.50B | 3.36B | 3.05B | 3.11B | 3.30B | 2.88B |
| Operating Income | 1.00B | 1.01B | 930.00M | 917.00M | 901.00M | 786.00M |
| Interest Expense | -570.00M | -512.00M | -449.00M | -394.00M | -325.00M | -292.00M |
| Net Interest Expense | -570.00M | -512.00M | -449.00M | -394.00M | -325.00M | -292.00M |
| Income (Loss) on Equity Investments | 129.00M | 60.00M | 61.00M | 61.00M | 51.00M | 62.00M |
| Allowance for Equity Funds for Construction | 123.00M | 89.00M | 75.00M | 100.00M | 60.00M | 25.00M |
| Other Non-Operating Income (Expenses) | 30.00M | 18.00M | 19.00M | 23.00M | 21.00M | 4.00M |
| EBT Excluding Unusual Items | 713.00M | 661.00M | 636.00M | 707.00M | 708.00M | 585.00M |
| Asset Writedown | -60.00M | |||||
| Pretax Income | 713.00M | 661.00M | 576.00M | 707.00M | 708.00M | 585.00M |
| Income Tax Expense | -221.00M | -149.00M | -114.00M | 4.00M | 22.00M | -74.00M |
| Earnings From Continuing Ops. | 934.00M | 810.00M | 690.00M | 703.00M | 686.00M | 659.00M |
| Net Income | 934.00M | 810.00M | 690.00M | 703.00M | 686.00M | 659.00M |
| Net Income to Common | 934.00M | 810.00M | 690.00M | 703.00M | 686.00M | 659.00M |
| Shares Outstanding (Basic) | 258.12M | 257.00M | 256.50M | 253.00M | 250.90M | 250.20M |
| Shares Outstanding (Diluted) | 259.82M | 257.80M | 256.80M | 253.30M | 251.20M | 250.70M |
| EPS (Basic) | 3.62 | 3.15 | 2.69 | 2.78 | 2.73 | 2.63 |
| EPS (Diluted) | 3.59 | 3.14 | 2.69 | 2.78 | 2.73 | 2.63 |
| Free Cash Flow | -1.46B | -1.31B | -1.08B | -987.00M | -998.00M | -587.00M |
| Free Cash Flow Per Share | -5.63 | -5.10 | -4.21 | -3.90 | -3.97 | -2.34 |
| Dividend Per Share | 2.11 | 2.03 | 1.92 | 1.81 | 1.71 | 1.61 |
| Profit Margin | 20.74% | 18.57% | 17.33% | 17.46% | 16.31% | 17.96% |
| Free Cash Flow Margin | -32.48% | -30.12% | -27.18% | -24.51% | -23.73% | -16.00% |
| EBITDA | 1.88B | 1.85B | 1.70B | 1.59B | 1.57B | 1.44B |
| EBITDA Margin | 41.76% | 42.46% | 42.75% | 39.56% | 37.38% | 39.33% |
| D&A For EBITDA | 880.00M | 846.00M | 772.00M | 676.00M | 671.00M | 657.00M |
| EBIT | 1.00B | 1.01B | 930.00M | 917.00M | 901.00M | 786.00M |
| EBIT Margin | 22.23% | 23.06% | 23.36% | 22.77% | 21.43% | 21.42% |
| Effective Tax Rate | 0.57% | 3.11% | ||||
| Revenue as Reported | 4.50B | 4.36B | 3.98B | 4.03B | 4.21B | 3.67B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.00M | 556.00M | 81.00M | 62.00M | 20.00M | 39.00M |
| Accounts Receivable | 529.00M | 372.00M | 369.00M | 422.00M | 407.00M | 387.00M |
| Other Receivables | 104.00M | 58.00M | 53.00M | 109.00M | 53.00M | |
| Inventory | 326.00M | 288.00M | 295.00M | 343.00M | 325.00M | 246.00M |
| Other Current Assets | 417.00M | 377.00M | 381.00M | 392.00M | 389.00M | 344.00M |
| Total Current Assets | 1.30B | 1.70B | 1.18B | 1.27B | 1.25B | 1.07B |
| Property, Plant & Equipment | 21.61B | 20.34B | 18.70B | 17.16B | 16.25B | 14.99B |
| Regulatory Assets | 2.15B | 2.12B | 2.06B | 2.03B | 1.88B | 1.84B |
| Long-Term Investments | 794.00M | 695.00M | 639.00M | 603.00M | 559.00M | 517.00M |
| Long-Term Deferred Charges | 97.00M | 116.00M | 92.00M | 132.00M | 101.00M | 81.00M |
| Other Long-Term Assets | 11.00M | 20.00M | 34.00M | 44.00M | 126.00M | 63.00M |
| Total Assets | 25.95B | 24.99B | 22.71B | 21.24B | 20.16B | 18.55B |
| Accounts Payable | 599.00M | 498.00M | 532.00M | 611.00M | 756.00M | 436.00M |
| Accrued Expenses | 141.00M | 135.00M | 122.00M | 10.00M | 10.00M | 10.00M |
| Short-Term Debt | 1.10B | 88.00M | 558.00M | 475.00M | 642.00M | 515.00M |
| Current Portion of Long-Term Debt | 374.00M | 1.07B | 1.17B | 809.00M | 408.00M | 633.00M |
| Current Portion of Leases | 2.00M | 2.00M | 2.00M | 8.00M | 3.00M | |
| Other Current Liabilities | 334.00M | 326.00M | 330.00M | 397.00M | 539.00M | 457.00M |
| Total Current Liabilities | 2.55B | 2.12B | 2.71B | 2.30B | 2.36B | 2.05B |
| Long-Term Debt | 11.09B | 10.95B | 8.68B | 8.22B | 7.67B | 6.74B |
| Long-Term Leases | 209.00M | 209.00M | 193.00M | 144.00M | 23.00M | |
| Pension & Post-Retirement Benefits | 133.00M | 173.00M | 224.00M | 249.00M | 277.00M | 374.00M |
| Long-Term Deferred Tax Liabilities | 2.35B | 2.31B | 2.19B | 2.04B | 1.94B | 1.93B |
| Other Long-Term Liabilities | 2.03B | 1.89B | 1.70B | 1.45B | 1.49B | 1.45B |
| Total Liabilities | 18.15B | 17.66B | 15.71B | 14.46B | 13.89B | 12.56B |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 3.19B | 3.10B | 3.06B | 3.03B | 2.78B | 2.75B |
| Retained Earnings | 4.62B | 4.24B | 3.95B | 3.76B | 3.51B | 3.25B |
| Comprehensive Income & Other | -10.00M | -13.00M | -13.00M | -12.00M | -13.00M | -12.00M |
| Total Common Equity | 7.81B | 7.33B | 7.00B | 6.78B | 6.28B | 5.99B |
| Shareholders' Equity | 7.81B | 7.33B | 7.00B | 6.78B | 6.28B | 5.99B |
| Total Liabilities & Equity | 25.95B | 24.99B | 22.71B | 21.24B | 20.16B | 18.55B |
| Total Debt | 12.56B | 12.33B | 10.62B | 9.70B | 8.87B | 7.91B |
| Net Cash (Debt) | -12.54B | -11.77B | -10.54B | -9.64B | -8.85B | -7.87B |
| Net Cash Per Share | -48.25 | -45.66 | -41.03 | -38.07 | -35.23 | -31.39 |
| Filing Date Shares Outstanding | 259.36M | 257.14M | 256.69M | 256.10M | 251.14M | 250.48M |
| Total Common Shares Outstanding | 259.36M | 257.14M | 256.69M | 256.10M | 251.13M | 250.47M |
| Working Capital | -1.25B | -426.00M | -1.53B | -1.03B | -1.11B | -985.00M |
| Book Value Per Share | 30.10 | 28.52 | 27.29 | 26.46 | 24.99 | 23.91 |
| Tangible Book Value | 7.81B | 7.33B | 7.00B | 6.78B | 6.28B | 5.99B |
| Tangible Book Value Per Share | 30.10 | 28.52 | 27.29 | 26.46 | 24.99 | 23.91 |
| Land | 190.00M | 189.00M | 172.00M | 133.00M | 11.00M | |
| Machinery | 24.66B | 23.12B | 21.28B | 20.09B | 19.11B | |
| Construction In Progress | 1.74B | 1.22B | 1.25B | 1.36B | 778.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 934.00M | 810.00M | 690.00M | 703.00M | 686.00M | 659.00M |
| Depreciation & Amortization | 880.00M | 846.00M | 772.00M | 676.00M | 671.00M | 657.00M |
| Loss (Gain) on Equity Investments | -69.00M | |||||
| Change in Accounts Receivable | -593.00M | -652.00M | -547.00M | -414.00M | -672.00M | -530.00M |
| Change in Inventory | -13.00M | |||||
| Change in Accounts Payable | 14.00M | 14.00M | 96.00M | -122.00M | 78.00M | 37.00M |
| Change in Other Net Operating Assets | -97.00M | 30.00M | -24.00M | -35.00M | -277.00M | -375.00M |
| Other Operating Activities | -183.00M | -131.00M | -79.00M | -25.00M | -4.00M | -46.00M |
| Operating Cash Flow | 1.18B | 1.17B | 1.17B | 867.00M | 486.00M | 582.00M |
| Capital Expenditures | -2.64B | -2.48B | -2.25B | -1.85B | -1.48B | -1.17B |
| Divestitures | 123.00M | 120.00M | ||||
| Other Investing Activities | 562.00M | 587.00M | 579.00M | 333.00M | 551.00M | 441.00M |
| Investing Cash Flow | -1.83B | -1.90B | -1.55B | -1.40B | -933.00M | -728.00M |
| Short-Term Debt Issued | 83.00M | 127.00M | 126.00M | |||
| Long-Term Debt Issued | 2.47B | 1.61B | 1.46B | 1.34B | 600.00M | |
| Total Debt Issued | 1.81B | 2.47B | 1.70B | 1.46B | 1.47B | 726.00M |
| Short-Term Debt Repaid | -470.00M | -167.00M | ||||
| Long-Term Debt Repaid | -300.00M | -809.00M | -508.00M | -633.00M | -8.00M | |
| Total Debt Repaid | -1.18B | -770.00M | -809.00M | -675.00M | -633.00M | -8.00M |
| Net Debt Issued (Repaid) | 629.00M | 1.70B | 887.00M | 780.00M | 832.00M | 718.00M |
| Issuance of Common Stock | 23.00M | 23.00M | 23.00M | 246.00M | 25.00M | 28.00M |
| Common Dividends Paid | -543.00M | -521.00M | -492.00M | -456.00M | -428.00M | -403.00M |
| Other Financing Activities | 65.00M | -20.00M | 3.00M | 2.00M | -13.00M | |
| Financing Cash Flow | 174.00M | 1.20B | 398.00M | 573.00M | 431.00M | 130.00M |
| Net Cash Flow | -477.00M | 475.00M | 18.00M | 39.00M | -16.00M | -16.00M |
| Free Cash Flow | -1.46B | -1.31B | -1.08B | -987.00M | -998.00M | -587.00M |
| Free Cash Flow Margin | -32.48% | -30.12% | -27.18% | -24.51% | -23.73% | -16.00% |
| Free Cash Flow Per Share | -5.63 | -5.10 | -4.21 | -3.90 | -3.97 | -2.34 |
| Levered Free Cash Flow | -1.53B | -1.37B | -1.09B | -1.11B | -238.00M | -381.25M |
| Unlevered Free Cash Flow | -1.17B | -1.05B | -810.75M | -859.88M | -34.88M | -198.75M |
| Cash Interest Paid | 540.00M | 500.00M | 434.00M | 378.00M | 311.00M | 272.00M |
| Cash Income Tax Paid | -266.00M | -197.00M | -88.00M | 6.00M | 3.00M | |
| Change in Working Capital | -384.00M | -356.00M | -216.00M | -487.00M | -867.00M | -688.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.78B | 16.71B | 15.18B | 13.09B | 13.86B | 15.39B |
| Enterprise Value | 31.31B | 27.88B | 25.03B | 22.22B | 22.13B | 22.96B |
| PE Ratio | 20.15 | 20.63 | 21.99 | 18.62 | 20.20 | 23.35 |
| PS Ratio | 4.13 | 3.83 | 3.81 | 3.25 | 3.30 | 4.20 |
| PB Ratio | 2.38 | 2.28 | 2.17 | 1.93 | 2.21 | 2.57 |
| P/OCF Ratio | 15.78 | 14.29 | 13.00 | 15.10 | 28.52 | 26.44 |
| EV/Sales Ratio | 6.91 | 6.39 | 6.29 | 5.52 | 5.26 | 6.26 |
| EV/EBITDA Ratio | 16.54 | 15.05 | 14.71 | 13.95 | 14.07 | 15.91 |
| EV/EBIT Ratio | 31.09 | 27.71 | 26.91 | 24.23 | 24.56 | 29.21 |
| Debt / Equity Ratio | 1.61 | 1.68 | 1.52 | 1.43 | 1.41 | 1.32 |
| Debt / EBITDA Ratio | 6.68 | 6.66 | 6.24 | 6.09 | 5.64 | 5.48 |
| Net Debt / Equity Ratio | 1.61 | 1.60 | 1.50 | 1.42 | 1.41 | 1.31 |
| Net Debt / EBITDA Ratio | 6.67 | 6.36 | 6.19 | 6.05 | 5.63 | 5.45 |
| Net Debt / FCF Ratio | -8.57 | -8.96 | -9.74 | -9.77 | -8.87 | -13.41 |
| Quick Ratio | 0.22 | 0.49 | 0.19 | 0.23 | 0.23 | 0.23 |
| Current Ratio | 0.51 | 0.80 | 0.44 | 0.55 | 0.53 | 0.52 |
| Asset Turnover | 0.18 | 0.18 | 0.18 | 0.20 | 0.22 | 0.20 |
| Return on Equity (ROE) | 12.36% | 11.30% | 10.01% | 10.77% | 11.19% | 11.10% |
| Return on Assets (ROA) | 2.47% | 2.64% | 2.65% | 2.77% | 2.91% | 2.71% |
| Return on Capital Employed (ROCE) | 4.30% | 4.40% | 4.70% | 4.80% | 5.10% | 4.80% |
| Earnings Yield | 4.96% | 4.85% | 4.55% | 5.37% | 4.95% | 4.28% |
| FCF Yield | -7.87% | -7.86% | -7.13% | -7.54% | -7.20% | -3.81% |
| Dividend Yield | 2.96% | 3.12% | 3.25% | 3.54% | 3.10% | 2.62% |
| Payout Ratio | 59.56% | 64.32% | 71.30% | 64.86% | 62.39% | 61.15% |
| Buyback Yield / Dilution | -0.94% | -0.39% | -1.38% | -0.84% | -0.20% | -0.80% |
| Total Shareholder Return | 2.04% | 2.73% | 1.87% | 2.71% | 2.90% | 1.82% |