Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2024


ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF INCOME	2024	2023	2022
	(in millions)

Operating expenses	$3	$3	$9
Operating loss	(3)	(3)	(9)
Other (income) and deductions:
Equity earnings from consolidated subsidiaries	(734)	(742)	(707)
Interest expense	40	34	6
Other	5	4	1
Total other (income) and deductions	(689)	(704)	(700)
Income before income taxes	686	701	691
Income tax expense (benefit)	(3)	(5)	2
Net income	$689	$706	$689

Refer to accompanying Notes to Condensed Financial Statements.


ALLIANT ENERGY CORPORATION (Parent Company Only)	December 31,
CONDENSED BALANCE SHEETS	2024	2023
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies	$103	$96
Income tax refunds receivable	12	—
Other	2	1
Total current assets	117	97
Investments:
Investments in consolidated subsidiaries	9,123	8,405
Other	1	2
Total investments	9,124	8,407
Other assets	84	90
Total assets	$9,325	$8,594


LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$571	$—
Commercial paper	325	157
Notes payable to affiliated companies	1,401	1,068
Other	10	10
Total current liabilities	2,307	1,235
Long-term debt, net (excluding current portion)	—	568
Other liabilities	3	2
Common equity:
Common stock and additional paid-in capital	3,063	3,033
Retained earnings	3,965	3,768
Accumulated other comprehensive income	1	1
Shares in deferred compensation trust	(14)	(13)
Total common equity	7,015	6,789
Total liabilities and equity	$9,325	$8,594

Refer to accompanying Notes to Condensed Financial Statements.


ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS	2024	2023	2022
	(in millions)
Net cash flows from operating activities	$355	$445	$492
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(380)	(325)	(530)

Net change in notes receivable from and payable to affiliates	326	(281)	369


Net cash flows used for investing activities	(54)	(606)	(161)
Cash flows from (used for) financing activities:
Common stock dividends	(492)	(456)	(428)
Proceeds from issuance of common stock, net	23	246	25
Proceeds from issuance of long-term debt	—	565	—

Net change in commercial paper	168	(195)	73
Other	—	1	(1)
Net cash flows from (used for) financing activities	(301)	161	(331)
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) received during the period for:
Interest	($40)	($27)	($6)
Income taxes, net	$8	$22	$15

Refer to accompanying Notes to Condensed Financial Statements.