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Condensed Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Parent Company Financial Statements
SCHEDULE I - CONDENSED PARENT COMPANY FINANCIAL STATEMENTS
ALLIANT ENERGY CORPORATION (Parent Company Only)
Year Ended December 31,
CONDENSED STATEMENTS OF INCOME
2019
 
2018
 
2017
 
(in millions)
Operating expenses

$2

 

$5

 

$2

Operating loss
(2
)
 
(5
)
 
(2
)
Other (income) and deductions:
 
 
 
 
 
Equity earnings from consolidated subsidiaries
(562
)
 
(523
)
 
(457
)
Interest expense
9

 
4

 
3

Other
7

 
2

 
—

Total other (income) and deductions
(546
)
 
(517
)
 
(454
)
Income before income taxes
544

 
512

 
452

Income tax benefit
(15
)
 
(1
)
 
(6
)
Net income

$559

 

$513

 

$458


Refer to accompanying Notes to Condensed Financial Statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)
December 31,
CONDENSED BALANCE SHEETS
2019
 
2018
 
(in millions)
ASSETS
 
 
 
Current assets:
 
 
 
Notes receivable from affiliated companies

$27

 

$23

Other
6

 
4

Total current assets
33

 
27

Investments:
 
 
 
Investments in consolidated subsidiaries
6,017

 
5,518

Other
1

 
1

Total investments
6,018

 
5,519

Other assets
89

 
81

Total assets

$6,140

 

$5,627

LIABILITIES AND EQUITY
 
 
 
Current liabilities:
 
 
 
Commercial paper

$169

 

$285

Notes payable to affiliated companies
731

 
719

Other
19

 
21

Total current liabilities
919

 
1,025

Other liabilities
15

 
17

Common equity:
 
 
 
Common stock and additional paid-in capital
2,448

 
2,048

Retained earnings
2,766

 
2,545

Accumulated other comprehensive income
2

 
2

Shares in deferred compensation trust
(10
)
 
(10
)
Total common equity
5,206

 
4,585

Total liabilities and equity

$6,140

 

$5,627


Refer to accompanying Notes to Condensed Financial Statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)
Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS
2019

2018

2017

(in millions)
Net cash flows from operating activities

$305



$311



$273

Cash flows used for investing activities:








Capital contributions to consolidated subsidiaries
(250
)

(625
)

(290
)
Net change in notes receivable from and payable to affiliates
8

 
441

 
54

Net cash flows used for investing activities
(242
)

(184
)

(236
)
Cash flows used for financing activities:








Common stock dividends
(338
)

(312
)

(288
)
Proceeds from issuance of common stock, net
390

 
197

 
150

Net change in commercial paper
(116
)

(10
)

103

Other
1


(2
)

(2
)
Net cash flows used for financing activities
(63
)

(127
)

(37
)
Net increase (decrease) in cash, cash equivalents and restricted cash
—


—


—

Cash, cash equivalents and restricted cash at beginning of period
—


—


—

Cash, cash equivalents and restricted cash at end of period

$—



$—



$—

Supplemental cash flows information:








Cash (paid) refunded during the period for:








Interest

($9
)


($4
)


($3
)
Income taxes, net
14


5


—

Refer to accompanying Notes to Condensed Financial 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 2019 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.