Alliant Energy Corp (LNT) financial statements: income statement, balance sheet and cash flow

Alliant Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Alliant Energy Corp reported revenue of $4.4B (+9.6% year on year) and net income of $810.0M (+17.4% year on year).

Income statement

Alliant Energy Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Electric utility	$3.7B	$3.4B	$3.3B	$3.4B
Gas utility	$525.0M	$465.0M	$540.0M	$642.0M
Other utility	$51.0M	$54.0M	$52.0M	$49.0M
Non-utility	$89.0M	$90.0M	$90.0M	$93.0M
Total revenues	$4.4B	$4.0B	$4.0B	$4.2B
Electric production fuel and purchased power	$742.0M	$628.0M	$736.0M	$830.0M
Electric transmission service	$625.0M	$613.0M	$583.0M	$573.0M
Cost of gas sold	$263.0M	$224.0M	$299.0M	$389.0M
Asset valuation charge for IPL's Lansing Generating Station	$0	$60.0M	—	—
Other operation and maintenance	$740.0M	$676.0M	$675.0M	$704.0M
Other operation and maintenance	$679.0M	$637.0M	$624.0M	$647.0M
Depreciation and amortization	$846.0M	$772.0M	$676.0M	$671.0M
Taxes other than income taxes	$121.0M	$122.0M	$115.0M	$110.0M
Total operating expenses	$3.3B	$3.1B	$3.1B	$3.3B
Operating income (loss)	$1.0B	$886.0M	$943.0M	$928.0M
Interest expense	$512.0M	$449.0M	$394.0M	$325.0M
Equity income from unconsolidated investments, net	($60.0M)	($61.0M)	($61.0M)	($51.0M)
Allowance for funds used during construction	($89.0M)	($75.0M)	($100.0M)	($60.0M)
Other	$1.0M	($3.0M)	$3.0M	$6.0M
Total other (income) and deductions	$364.0M	$310.0M	$236.0M	$220.0M
Income before income taxes	$661.0M	$576.0M	$707.0M	$708.0M
Income tax expense (benefit)	($149.0M)	($114.0M)	$4.0M	$22.0M
Net income attributable to common shareowners	$810.0M	$690.0M	$703.0M	$686.0M
Basic (in shares)	257.0M	256.5M	253.0M	250.9M
Diluted (in shares)	257.8M	256.8M	253.3M	251.2M
Basic (in dollars per share)	$3.15	$2.69	$2.78	$2.73
Diluted (in dollars per share)	$3.14	$2.69	$2.78	$2.73

Alliant Energy Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Electric utility	$861.0M	$888.0M	$1.1B	$851.0M
Gas utility	$82.0M	$271.0M	$51.0M	$76.0M
Other utility	$2.0M	$2.0M	$12.0M	$11.0M
Non-utility	$26.0M	$23.0M	$23.0M	$23.0M
Total revenues	$971.0M	$1.2B	$1.2B	$961.0M
Electric production fuel and purchased power	$132.0M	$168.0M	$239.0M	$150.0M
Electric transmission service	$155.0M	$159.0M	$166.0M	$151.0M
Cost of gas sold	$37.0M	$173.0M	$12.0M	$30.0M
Other operation and maintenance	$209.0M	$180.0M	$204.0M	$168.0M
Other operation and maintenance	$195.0M	$169.0M	$192.0M	$156.0M
Depreciation and amortization	$220.0M	$223.0M	$211.0M	$208.0M
Taxes other than income taxes	$33.0M	$32.0M	$29.0M	$31.0M
Total operating expenses	$786.0M	$935.0M	$861.0M	$738.0M
Operating income	$185.0M	$249.0M	$349.0M	$223.0M
Interest expense	$143.0M	$142.0M	$128.0M	$124.0M
Equity income from unconsolidated investments, net	($43.0M)	($22.0M)	($18.0M)	($10.0M)
Allowance for funds used during construction	($31.0M)	($30.0M)	($24.0M)	($23.0M)
Other	($2.0M)	($4.0M)	$0	$1.0M
Total other (income) and deductions	$67.0M	$86.0M	$86.0M	$92.0M
Income before income taxes	$118.0M	$163.0M	$263.0M	$131.0M
Income tax expense (benefit)	($52.0M)	($61.0M)	($18.0M)	($43.0M)
Net income attributable to common shareowners	$170.0M	$224.0M	$281.0M	$174.0M
Basic (in shares)	258.5M	257.4M	257.0M	256.9M
Diluted (in shares)	260.9M	258.8M	257.8M	257.3M
Basic (in dollars per share)	$0.66	$0.87	$1.09	$0.68
Diluted (in dollars per share)	$0.65	$0.87	$1.09	$0.68

Balance sheet

Alliant Energy Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$556.0M	$81.0M	$62.0M	$20.0M
Accounts receivable, less allowance for expected credit losses	$476.0M	$427.0M	$475.0M	$516.0M
Production fuel, at weighted average cost	46.0M	54.0M	62.0M	53.0M
Gas stored underground, at weighted average cost	49.0M	55.0M	79.0M	132.0M
Materials and supplies, at weighted average cost	193.0M	186.0M	202.0M	140.0M
Regulatory assets	$155.0M	$210.0M	$232.0M	$166.0M
Prepaid gross receipts tax	$52.0M	$51.0M	$49.0M	$42.0M
Other	$222.0M	$171.0M	$160.0M	$223.0M
Total current assets	$1.7B	$1.2B	$1.3B	$1.3B
Property, plant and equipment, net	$20.3B	$18.7B	$17.2B	$16.2B
ATC Holdings	$463.0M	$415.0M	$386.0M	$358.0M
Other	$231.0M	$224.0M	$216.0M	$201.0M
Total investments	$694.0M	$639.0M	$602.0M	$559.0M
Regulatory assets	$2.1B	$2.1B	$2.0B	$1.9B
Deferred charges and other	$137.0M	$126.0M	$177.0M	$227.0M
Total other assets	$2.3B	$2.2B	$2.2B	$2.1B
Total assets	$25.0B	$22.7B	$21.2B	$20.2B
Current maturities of long-term debt	$1.1B	$1.2B	$809.0M	$408.0M
Commercial paper	$88.0M	$558.0M	$475.0M	$642.0M
Accounts payable	$498.0M	$532.0M	$611.0M	$756.0M
Accounts payable to associated companies	$45.0M	$47.0M	—	$28.0M
Accrued taxes	$53.0M	$77.0M	$50.0M	$52.0M
Accrued interest	$124.0M	$92.0M	$80.0M	$35.0M
Regulatory liabilities	$88.0M	$69.0M	$107.0M	$206.0M
Other	$251.0M	$385.0M	$302.0M	$351.0M
Total current liabilities	$2.1B	$2.7B	$2.3B	$2.4B
Long-term debt, net (excluding current portion)	$11.0B	$8.7B	$8.2B	$7.7B
Deferred tax liabilities	$2.3B	$2.2B	$2.0B	$1.9B
Regulatory liabilities	$1.1B	$959.0M	$1.0B	$1.1B
Pension and other benefit obligations	$173.0M	$224.0M	$249.0M	$277.0M
Other	$984.0M	$947.0M	$617.0M	$518.0M
Total other liabilities	$4.6B	$4.3B	$3.9B	$3.9B
Common Stock, Shares, Issued	257.1M	—	—	—
Common stock	$3.0M	$3.0M	$3.0M	$3.0M
Additional paid-in capital	$3.1B	$3.1B	$3.0B	$2.8B
Retained earnings	$4.2B	$4.0B	$3.8B	$3.5B
Accumulated other comprehensive income	$1.0M	$1.0M	$1.0M	—
Shares in deferred compensation trust - 367,338 and 372,116 shares at a weighted average cost of $39.05 and $36.56 per share	-$14000000.00	-$14000000.00	-$13000000.00	-$13000000.00
Total common equity	$7.3B	$7.0B	$6.8B	$6.3B
Total liabilities and equity	$25.0B	$22.7B	$21.2B	$20.2B

Alliant Energy Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$25.0M	$115.0M	$503.0M	$329.0M
Accounts receivable, less allowance for expected credit losses	$381.0M	$497.0M	$485.0M	$518.0M
Production fuel, at weighted average cost	60.0M	55.0M	37.0M	52.0M
Gas stored underground, at weighted average cost	30.0M	19.0M	55.0M	31.0M
Materials and supplies, at weighted average cost	208.0M	200.0M	189.0M	195.0M
Regulatory assets	$172.0M	$165.0M	$132.0M	$164.0M
Prepaid gross receipts tax	$55.0M	$39.0M	$38.0M	$49.0M
Income taxes receivable	$40.0M	—	—	—
Other	$284.0M	$173.0M	$193.0M	$185.0M
Total current assets	$1.2B	$1.2B	$1.8B	$1.5B
Property, plant and equipment, net	$21.1B	$20.6B	$19.8B	$19.4B
ATC Holdings	$501.0M	$487.0M	$459.0M	$440.0M
Other	$255.0M	$237.0M	$230.0M	$226.0M
Total investments	$756.0M	$724.0M	$689.0M	$666.0M
Regulatory assets	$2.1B	$2.1B	$2.2B	$2.1B
Deferred charges and other	$165.0M	$136.0M	$110.0M	$111.0M
Total other assets	$2.3B	$2.3B	$2.3B	$2.2B
Total assets	$25.3B	$24.8B	$24.6B	$23.8B
Current maturities of long-term debt	$374.0M	$0	$1.1B	$1.4B
Commercial paper	$708.0M	$433.0M	$192.0M	$292.0M
Other short-term borrowings	$400.0M	$400.0M	—	—
Accounts payable	$628.0M	$459.0M	$550.0M	$497.0M
Accounts payable to associated companies	$47.0M	$51.0M	$52.0M	$48.0M
Accrued taxes	$66.0M	$63.0M	$74.0M	$54.0M
Accrued interest	$116.0M	$141.0M	$90.0M	$95.0M
Regulatory liabilities	$80.0M	$104.0M	$58.0M	$71.0M
Other	$268.0M	$241.0M	$360.0M	$346.0M
Total current liabilities	$2.6B	$1.8B	$2.2B	$2.6B
Long-term debt, net (excluding current portion)	$10.6B	$11.0B	$10.7B	$9.6B
Deferred tax liabilities	$2.4B	$2.4B	$2.2B	$2.2B
Regulatory liabilities	$1.0B	$1.1B	$1.1B	$1.0B
Pension and other benefit obligations	$157.0M	$163.0M	$197.0M	$202.0M
Other	$1.0B	$998.0M	$971.0M	$967.0M
Total other liabilities	$4.6B	$4.6B	$4.4B	$4.4B
Common Stock, Shares, Issued	259.3M	258.3M	—	—
Common stock, par value (in dollars per share)	$3000000.00	$3000000.00	$3000000.00	$3000000.00
Additional paid-in capital	$3.2B	$3.1B	$3.1B	$3.1B
Retained earnings	$4.4B	$4.3B	$4.2B	$4.1B
Accumulated other comprehensive income (loss)	$3.0M	$2.0M	$0	$0
Shares in deferred compensation trust - 351,469 and 367,338 shares at a weighted average cost of $40.46 and $39.05 per share	-$14000000.00	-$14000000.00	-$14000000.00	-$13000000.00
Total common equity	$7.5B	$7.4B	$7.3B	$7.1B
Total liabilities and equity	$25.3B	$24.8B	$24.6B	$23.8B

Cash flow statement

Alliant Energy Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$810.0M	$690.0M	$703.0M	$686.0M
Depreciation and amortization	$846.0M	$772.0M	$676.0M	$671.0M
Deferred tax expense (benefit) and tax credits	($158.0M)	($117.0M)	$14.0M	$13.0M
Asset valuation charge for IPL's Lansing Generating Station	$0	$60.0M	—	—
Other	$27.0M	($22.0M)	$35.0M	($18.0M)
Accounts receivable	($652.0M)	($547.0M)	($414.0M)	($672.0M)
Regulatory assets	($29.0M)	$70.0M	$24.0M	($108.0M)
Derivative assets	$6.0M	$13.0M	$149.0M	($61.0M)
Accounts payable	$14.0M	$96.0M	($122.0M)	$78.0M
Regulatory liabilities	$140.0M	($103.0M)	($149.0M)	$22.0M
Deferred income taxes	$252.0M	$259.0M	$84.0M	$4.0M
Other	($116.0M)	$21.0M	$12.0M	($102.0M)
Net cash flows from operating activities	$1.2B	$1.2B	$867.0M	$486.0M
Utility construction and acquisition expenditures	($2.3B)	($2.1B)	($1.7B)	($1.4B)
Other construction and acquisition expenditures	($206.0M)	($197.0M)	($123.0M)	($92.0M)
Cash receipts on sold receivables	$628.0M	$593.0M	$453.0M	$598.0M
Proceeds from sales of partial ownership interests in West Riverside	$0	$123.0M	$120.0M	—
Other	($41.0M)	($14.0M)	($120.0M)	($47.0M)
Net cash flows from (used for) investing activities	($1.9B)	($1.5B)	($1.4B)	($933.0M)
Common stock dividends	($521.0M)	($492.0M)	($456.0M)	($428.0M)
Proceeds from issuance of common stock, net	$23.0M	$23.0M	$246.0M	$25.0M
Capital contributions from parent	$365.0M	$380.0M	$325.0M	$530.0M
Proceeds from issuance of long-term debt	$2.5B	$1.6B	$1.5B	$1.3B
Payments to retire long-term debt	($300.0M)	($809.0M)	($508.0M)	($633.0M)
Net change in commercial paper	($470.0M)	$83.0M	($167.0M)	$127.0M
Other	$0	($20.0M)	$3.0M	$2.0M
Net cash flows from (used for) financing activities	$1.2B	$398.0M	$573.0M	$431.0M
Net increase (decrease) in cash, cash equivalents and restricted cash	$475.0M	$18.0M	$39.0M	($16.0M)
Cash, cash equivalents and restricted cash at beginning of period	$81.0M	$63.0M	$24.0M	$40.0M
Cash, cash equivalents and restricted cash at end of period	$556.0M	$81.0M	$63.0M	$24.0M
Interest	($500.0M)	($434.0M)	($378.0M)	($311.0M)
Income taxes, net	$266.0M	$197.0M	$88.0M	($6.0M)
Accrued capital expenditures	$178.0M	$224.0M	$364.0M	$382.0M
Beneficial interest obtained in exchange for securitized accounts receivable	$126.0M	$163.0M	$216.0M	$185.0M

Alliant Energy Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$394.0M	$224.0M	$668.0M	$387.0M
Depreciation and amortization	$442.0M	$223.0M	$631.0M	$420.0M
Deferred tax expense (benefit) and tax credits	($94.0M)	($57.0M)	($125.0M)	($100.0M)
Equity income from unconsolidated investments, net	($65.0M)	—	—	—
Other	$34.0M	($15.0M)	$2.0M	($1.0M)
Accounts receivable	($183.0M)	($71.0M)	($391.0M)	($289.0M)
Derivative assets	($55.0M)	—	—	—
Regulatory assets	($42.0M)	($35.0M)	($48.0M)	($29.0M)
Accounts payable	$38.0M	($59.0M)	—	($12.0M)
Income Taxes Receivable	($44.0M)	—	—	—
Regulatory liabilities	$1.0M	$15.0M	$107.0M	$71.0M
Deferred income taxes	$87.0M	$77.0M	$101.0M	$86.0M
Other	($80.0M)	$36.0M	($93.0M)	($70.0M)
Net cash flows from operating activities	$481.0M	$368.0M	$900.0M	$492.0M
Utility business construction and acquisition expenditures	($913.0M)	($342.0M)	($1.5B)	($976.0M)
Other construction and acquisition expenditures	($109.0M)	($72.0M)	($161.0M)	($89.0M)
Cash receipts on sold receivables	$264.0M	$25.0M	$332.0M	$198.0M
Other	($37.0M)	($4.0M)	($39.0M)	($27.0M)
Net cash flows from (used for) investing activities	($795.0M)	($393.0M)	($1.6B)	($894.0M)
Common stock dividends	($274.0M)	($137.0M)	($391.0M)	($261.0M)
Capital contributions from parent	$250.0M	$150.0M	$365.0M	$145.0M
Proceeds from issuance of common stock, net	$70.0M	—	—	—
Proceeds from issuance of long-term debt	$0	—	$2.2B	$1.2B
Proceeds from issuance of other short-term borrowings	$400.0M	$400.0M	—	—
Payments to retire long-term debt	($1.1B)	($1.1B)	($300.0M)	$0
Net change in commercial paper	$670.0M	$395.0M	($366.0M)	($266.0M)
Other	($8.0M)	$1.0M	$10.0M	$15.0M
Net cash flows from (used for) financing activities	($217.0M)	($416.0M)	$1.1B	$650.0M
Net increase (decrease) in cash, cash equivalents and restricted cash	($531.0M)	($441.0M)	$422.0M	$248.0M
Cash, cash equivalents and restricted cash at beginning of period	$556.0M	$556.0M	$81.0M	$81.0M
Cash, cash equivalents and restricted cash at end of period	$25.0M	$115.0M	$503.0M	$329.0M
Interest	($293.0M)	($126.0M)	($373.0M)	($239.0M)
Income taxes, net	$96.0M	$90.0M	$108.0M	$91.0M
Accrued capital expenditures	$279.0M	$207.0M	$246.0M	$204.0M
Beneficial interest obtained in exchange for securitized accounts receivable	$95.0M	$208.0M	$231.0M	$235.0M

Alliant Energy Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.