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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 810 $ 690 $ 703
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 846 772 676
Deferred tax expense (benefit) and tax credits (158) (117) 14
Asset valuation charge for IPL's Lansing Generating Station 0 60 0
Other 27 (22) (39)
Other changes in assets and liabilities:      
Accounts receivable (652) (547) (414)
Derivative assets 6 13 149
Accounts payable 14 96 (122)
Regulatory liabilities 140 (103) (149)
Deferred income taxes 252 259 84
Other (116) 66 (35)
Net cash flows from operating activities 1,169 1,167 867
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (2,277) (2,052) (1,731)
Other construction and acquisition expenditures (206) (197) (123)
Cash receipts on sold receivables 628 593 453
Proceeds from sales of partial ownership interests in West Riverside 0 123 120
Other (41) (14) (120)
Net cash flows from (used for) investing activities (1,896) (1,547) (1,401)
Cash flows from (used for) financing activities:      
Common stock dividends (521) (492) (456)
Proceeds from issuance of common stock, net 23 23 246
Proceeds from issuance of long-term debt 2,470 1,613 1,455
Payments to retire long-term debt (300) (809) (508)
Net change in commercial paper (470) 83 (167)
Other 0 (20) 3
Net cash flows from (used for) financing activities 1,202 398 573
Net increase (decrease) in cash, cash equivalents and restricted cash 475 18 39
Cash, cash equivalents and restricted cash at beginning of period 81 63 24
Cash, cash equivalents and restricted cash at end of period 556 81 63
Supplemental cash flows information:      
Interest (500) (434) (378)
Income taxes, net 266 197 88
Significant non-cash investing and financing activities:      
Accrued capital expenditures 178 224 364
Beneficial interest obtained in exchange for securitized accounts receivable 126 163 216
Federal [Member]      
Supplemental cash flows information:      
Income taxes, net 271 202 82
Iowa State [Member]      
Supplemental cash flows information:      
Income taxes, net (5) (5) 6
Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Supplemental cash flows information:      
Proceeds from renewable tax credits transferred to other corporate taxpayers 285 216 98
IPL [Member]      
Cash flows from operating activities:      
Net income 457 362 366
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 463 404 388
Deferred tax expense (benefit) and tax credits (96) (91) 8
Asset valuation charge for IPL's Lansing Generating Station 0 60 0
Other (25) (12) (10)
Other changes in assets and liabilities:      
Accounts receivable (599) (544) (437)
Regulatory assets (72) (2) 58
Derivative assets 4 6 84
Regulatory liabilities 20 (61) (92)
Deferred income taxes 194 178 36
Other (60) 57 (140)
Net cash flows from operating activities 286 357 261
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (1,473) (1,224) (712)
Cash receipts on sold receivables 628 593 453
Other (14) (53) (67)
Net cash flows from (used for) investing activities (859) (684) (326)
Cash flows from (used for) financing activities:      
Common stock dividends (359) (200) (280)
Capital contributions from parent 285 325 80
Proceeds from issuance of long-term debt 888 643 296
Payments to retire long-term debt (300) (500) 0
Net change in commercial paper 38 50 0
Other (1) (15) 7
Net cash flows from (used for) financing activities 551 303 103
Net increase (decrease) in cash, cash equivalents and restricted cash (22) (24) 38
Cash, cash equivalents and restricted cash at beginning of period 29 53 15
Cash, cash equivalents and restricted cash at end of period 7 29 53
Supplemental cash flows information:      
Interest (212) (169) (150)
Income taxes, net 139 175 117
Significant non-cash investing and financing activities:      
Accrued capital expenditures 98 128 140
Beneficial interest obtained in exchange for securitized accounts receivable 126 163 216
IPL [Member] | Federal [Member]      
Supplemental cash flows information:      
Income taxes, net 142 164 98
IPL [Member] | Iowa State [Member]      
Supplemental cash flows information:      
Income taxes, net (3) 11 19
IPL [Member] | Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Supplemental cash flows information:      
Proceeds from renewable tax credits transferred to other corporate taxpayers 140 117 76
WPL [Member]      
Cash flows from operating activities:      
Net income 401 345 345
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 370 357 280
Other (63) (51) (47)
Other changes in assets and liabilities:      
Accounts receivable (56) (5) 23
Regulatory assets 43 72 (34)
Regulatory liabilities 120 (41) (57)
Deferred income taxes 40 84 50
Other (19) 0 18
Net cash flows from operating activities 836 761 578
Cash flows from (used for) investing activities:      
Utility construction and acquisition expenditures (804) (828) (1,019)
Proceeds from sales of partial ownership interests in West Riverside 0 123 120
Other (23) (19) (47)
Net cash flows from (used for) investing activities (827) (724) (946)
Cash flows from (used for) financing activities:      
Common stock dividends (207) (196) (184)
Capital contributions from parent 80 55 245
Proceeds from issuance of long-term debt 296 297 297
Net change in commercial paper (183) (135) 28
Other (9) (14) (16)
Net cash flows from (used for) financing activities (23) 7 370
Net increase (decrease) in cash, cash equivalents and restricted cash (14) 44 2
Cash, cash equivalents and restricted cash at beginning of period 51 7 5
Cash, cash equivalents and restricted cash at end of period 37 51 7
Supplemental cash flows information:      
Interest (176) (163) (146)
Income taxes, net 109 14 (50)
Significant non-cash investing and financing activities:      
Accrued capital expenditures 71 87 217
WPL [Member] | Federal [Member]      
Supplemental cash flows information:      
Income taxes, net 124 41 (25)
WPL [Member] | State Taxes - Wisconsin [Member]      
Supplemental cash flows information:      
Income taxes, net (15) (27) (25)
WPL [Member] | Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Supplemental cash flows information:      
Proceeds from renewable tax credits transferred to other corporate taxpayers $ 145 $ 99 $ 22