Alliant Energy (LNT) financial statements
Alliant Energy reported revenue of $4.4B in fiscal 2025, up 3.1% a year over 9 years.
Net income was $810M and the operating margin 23.5%, against 16.7% in 2016.
The diluted share count rose 14% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alliant Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.4B | $3.5B | $3.6B | $3.4B | $3.7B | $4.2B | $4.0B | $4.0B | $4.4B |
| Cost of revenue | — | $481M | $496M | $481M | $449M | $537M | $573M | $583M | $613M | $625M |
| Gross profit | — | $2.9B | $3.0B | $3.2B | $3.0B | $3.1B | $3.6B | $3.4B | $3.4B | $3.7B |
| Operating income | $554M | $671M | $694M | $778M | $740M | $795M | $928M | $943M | $886M | $1.0B |
| Interest expense | $196M | $216M | $247M | $273M | $275M | $277M | $325M | $394M | $449M | $512M |
| Pre-tax income | $443M | $533M | $570M | $636M | $567M | $600M | $708M | $707M | $576M | $661M |
| Income tax | $59M | $67M | $48M | $69M | -$57M | -$74M | $22M | $4M | -$114M | -$149M |
| Net income | $382M | $468M | $522M | $567M | $624M | $674M | $686M | $703M | $690M | $810M |
| EPS (diluted) | $1.64 | $1.99 | $2.19 | $2.33 | $2.47 | $2.63 | $2.73 | $2.78 | $2.69 | $3.14 |
| Diluted shares | 227M | 230M | 234M | 239M | 249M | 251M | 251M | 253M | 257M | 258M |
| Gross margin | — | 85.8% | 86.0% | 86.8% | 86.9% | 85.4% | 86.4% | 85.5% | 84.6% | 85.7% |
| Operating margin | 16.7% | 19.8% | 19.6% | 21.3% | 21.7% | 21.7% | 22.1% | 23.4% | 22.3% | 23.5% |
| Net margin | 11.5% | 13.8% | 14.8% | 15.5% | 18.3% | 18.4% | 16.3% | 17.5% | 17.3% | 18.6% |
Balance sheet
Fiscal years, from Alliant Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $28M | $21M | $16M | $54M | $39M | $20M | $62M | $81M | $556M |
| Receivables | $493M | $483M | $350M | $402M | $412M | $440M | $516M | $475M | $427M | $476M |
| Total current assets | $877M | $905M | $785M | $876M | $887M | $1.1B | $1.2B | $1.3B | $1.2B | $1.7B |
| Property, plant and equipment | $10.3B | $11.2B | $12.5B | $13.5B | $14.3B | $15.0B | $16.2B | $17.2B | $18.7B | $20.3B |
| Total assets | $13.4B | $14.2B | $15.4B | $16.7B | $17.7B | $18.6B | $20.2B | $21.2B | $22.7B | $25.0B |
| Total current liabilities | $1.2B | $2.1B | $1.6B | $2.1B | $1.3B | $2.1B | $2.4B | $2.3B | $2.7B | $2.1B |
| Long-term debt | $4.3B | $4.0B | $5.2B | $5.5B | $6.8B | $6.7B | $7.7B | $8.2B | $8.7B | $11.0B |
| Total liabilities | $9.3B | $9.8B | $10.6B | $11.3B | $11.8B | $12.6B | $13.9B | $14.5B | $15.7B | $17.7B |
| Shareholders' equity | $4.1B | $4.2B | $4.6B | $5.2B | $5.7B | $6.0B | $6.3B | $6.8B | $7.0B | $7.3B |
| Net debt | $4.3B | $4.8B | $5.5B | $6.2B | $6.7B | $7.3B | $8.1B | $9.0B | $9.8B | $11.5B |
Cash flow
Fiscal years, from Alliant Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $393M | $522M | $528M | $660M | $501M | $582M | $486M | $867M | $1.2B | $1.2B |
| Capital spending | $1.2B | $1.5B | $1.6B | $1.6B | $1.4B | $1.2B | $1.5B | — | — | — |
| Free cash flow | -$804M | -$945M | -$1.1B | -$980M | -$865M | -$587M | -$998M | — | — | — |
| Stock-based compensation | $18M | $15M | $17M | $26M | $16M | $14M | $13M | $12M | $12M | $22M |
| Dividends paid | $266M | $288M | $312M | $337M | $377M | $403M | $428M | $456M | $492M | $521M |
| Net borrowing | $571M | $716M | $670M | $590M | $645M | $718M | $832M | $780M | $887M | $1.7B |
| Free cash flow margin | -24.2% | -27.9% | -31.3% | -26.9% | -25.3% | -16.0% | -23.7% | — | — | — |
| Dividends per share | $1.17 | $1.26 | $1.34 | $1.41 | $1.52 | $1.61 | $1.70 | $1.80 | $1.92 | $2.02 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LNT.
Open LNT in InvestinglyQuestions
What was Alliant Energy's revenue in 2025?
$4.4B in fiscal 2025, from its 10-K filing.
From Alliant Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.