Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Parent Company Financial Statements

SCHEDULE I - CONDENSED PARENT COMPANY FINANCIAL STATEMENTS

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED STATEMENTS OF INCOME

	Year Ended December 31,
	2017			2016			2015
	(in millions)
Operating revenues		$—			$1			$2
Operating expenses	2			3			3
Operating loss	(2		)	(2		)	(1		)
Interest expense and other:
Equity earnings from consolidated subsidiaries	(457		)	(374		)	(379		)
Interest expense	3			3			3
Interest income	—			(2		)	(3		)
Total interest expense and other	(454		)	(373		)	(379		)
Income before income taxes	452			371			378
Income tax benefit	(6		)	(1		)	(1		)
Net income		$458			$372			$379

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED BALANCE SHEETS

	December 31,
	2017		2016
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies		$50		$74
Other	7		5
Total current assets	57		79
Investments:
Investments in consolidated subsidiaries	4,676		4,211
Other	2		2
Total investments	4,678		4,213
Other assets	78		64
Total assets		$4,813		$4,356

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper		$295			$192
Notes payable to affiliated companies	305			275
Other	12			12
Total current liabilities	612			479
Other liabilities	20			18
Common equity:
Common stock and additional paid-in capital	1,848			1,695
Retained earnings	2,344			2,174
Shares in deferred compensation trust	(11		)	(10		)
Total common equity	4,181			3,859
Total liabilities and equity		$4,813			$4,356

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2017			2016			2015
	(in millions)
Net cash flows from operating activities		$273			$254			$262
Cash flows from (used for) investing activities:
Capital contributions to consolidated subsidiaries	(290		)	(250		)	(165		)
Capital repayments from consolidated subsidiaries	—			130			—
Net change in notes receivable from and payable to affiliates	54			294			2
Other	—			10			—
Net cash flows from (used for) investing activities	(236		)	184			(163		)
Cash flows used for financing activities:
Common stock dividends	(288		)	(267		)	(247		)
Proceeds from issuance of common stock, net	150			27			151
Payments to retire long-term debt	—			(250		)	—
Net change in commercial paper	103			52			(1		)
Other	(2		)	—			(2		)
Net cash flows used for financing activities	(37		)	(438		)	(99		)
Net increase (decrease) in cash and cash equivalents	—			—			—
Cash and cash equivalents at beginning of period	—			—			—
Cash and cash equivalents at end of period		$—			$—			$—
Supplemental cash flows information:
Cash paid during the period for:
Interest, net of capitalized interest		($3	)		($3	)		($3	)
Income taxes, net	—			(37		)	(9		)

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION

(Parent Company Only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Pursuant to rules and regulations of the SEC, the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only) do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these Condensed Financial Statements should be read in conjunction with the Financial Statements and related Notes included in the combined 2017 Form 10-K, Part II, Item 8, which is incorporated herein by reference.

In the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only), investments in subsidiaries are accounted for using the equity method.