2021 Q4 Form 10-K Financial Statement

#000006675622000014 Filed on February 16, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $399.0M $345.4M $1.419B
YoY Change 24.53% 17.52% 21.39%
Cost Of Revenue $21.00M $15.20M $68.80M
YoY Change 16.02% -1.3% 3.15%
Gross Profit $378.0M $330.2M $1.350B
YoY Change 25.04% 18.56% 22.5%
Gross Profit Margin 94.74% 95.6% 95.15%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.70M $57.50M $231.7M
YoY Change 4.12% 7.68% 6.38%
% of Gross Profit 16.06% 17.41% 17.16%
Operating Expenses $328.0M $299.1M $1.199B
YoY Change 23.35% 26.26% 26.02%
Operating Profit $50.00M $31.10M $151.3M
YoY Change 37.36% -25.24% 0.27%
Interest Expense -$11.00M $17.30M $69.10M
YoY Change -0.9% 6.13% 5.34%
% of Operating Profit -22.0% 55.63% 45.67%
Other Income/Expense, Net $1.900M -$11.90M -$40.40M
YoY Change -57.78% 43.37% 40.28%
Pretax Income $41.00M $19.20M $110.9M
YoY Change 38.05% -42.34% -9.17%
Income Tax -$7.600M -$4.900M -$26.90M
% Of Pretax Income -18.54% -25.52% -24.26%
Net Earnings $61.90M $27.60M $169.2M
YoY Change 31.42% -32.19% -2.87%
Net Earnings / Revenue 15.51% 7.99% 11.92%
Basic Earnings Per Share $1.18 $0.53 $3.23
Diluted Earnings Per Share $1.18 $0.53 $3.23
COMMON SHARES
Basic Shares Outstanding 52.40M shares 52.40M shares
Diluted Shares Outstanding 52.50M shares 52.50M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.10M $59.00M $45.10M
YoY Change 1.81% -25.32% 1.81%
Cash & Equivalents $45.10M $59.00M $45.10M
Short-Term Investments
Other Short-Term Assets $24.80M $19.90M $24.80M
YoY Change 1.22% 3.11% 1.22%
Inventory $97.70M $89.60M $97.70M
Prepaid Expenses
Receivables $123.7M $110.2M $123.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $291.3M $278.7M $291.3M
YoY Change 14.28% 5.13% 14.28%
LONG-TERM ASSETS
Property, Plant & Equipment $5.100B $5.053B $5.136B
YoY Change 5.36% 7.57% 5.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $318.0M $317.8M $318.0M
YoY Change 5.58% 8.91% 5.58%
Other Assets $212.9M $179.7M $666.4M
YoY Change 2.95% -8.41% 7.21%
Total Long-Term Assets $6.144B $6.054B $6.144B
YoY Change 5.39% 7.84% 5.39%
TOTAL ASSETS
Total Short-Term Assets $291.3M $278.7M $291.3M
Total Long-Term Assets $6.144B $6.054B $6.144B
Total Assets $6.435B $6.332B $6.435B
YoY Change 5.76% 7.72% 5.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.0M $101.9M $111.0M
YoY Change 0.91% 28.99% 0.91%
Accrued Expenses $24.90M $20.30M $24.90M
YoY Change -3.11% -8.14% -3.11%
Deferred Revenue $27.20M $27.50M
YoY Change 267.57%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $214.2M $377.4M $214.2M
YoY Change 5.15% -6.7% 5.15%
Total Short-Term Liabilities $543.4M $646.0M $543.4M
YoY Change 18.23% 2.54% 18.23%
LONG-TERM LIABILITIES
Long-Term Debt $1.763B $1.649B $1.763B
YoY Change 10.67% 2.57% 10.67%
Other Long-Term Liabilities $280.8M $278.1M $996.4M
YoY Change -1.58% -2.59% -3.81%
Total Long-Term Liabilities $2.044B $1.928B $2.760B
YoY Change 8.81% 1.8% 4.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $543.4M $646.0M $543.4M
Total Long-Term Liabilities $2.044B $1.928B $2.760B
Total Liabilities $3.489B $3.478B $4.022B
YoY Change 6.22% 1.31% 6.12%
SHAREHOLDERS EQUITY
Retained Earnings $900.2M $873.4M
YoY Change 4.09% 2.77%
Common Stock $1.537B $1.497B
YoY Change 5.19% 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.413B $2.340B $2.413B
YoY Change
Total Liabilities & Shareholders Equity $6.435B $6.332B $6.435B
YoY Change 5.76% 7.72% 5.76%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $61.90M $27.60M $169.2M
YoY Change 31.42% -32.19% -2.87%
Depreciation, Depletion And Amortization $60.70M $57.50M $231.7M
YoY Change 4.12% 7.68% 6.38%
Cash From Operating Activities $54.30M $103.5M $263.5M
YoY Change -2.86% 4.12% -12.11%
INVESTING ACTIVITIES
Capital Expenditures -$89.00M -$90.90M $473.3M
YoY Change -49.72% -24.81% -34.06%
Acquisitions $0.00
YoY Change
Other Investing Activities $900.0K -$500.0K -$2.900M
YoY Change -134.62% -97.99%
Cash From Investing Activities -$88.10M -$91.40M -$485.2M
YoY Change -50.95% -37.31% -40.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $69.90M
YoY Change 286.19%
Debt Paid & Issued, Net $552.9M
YoY Change 13.16%
Cash From Financing Activities 16.10M -14.00M $204.2M
YoY Change -84.49% -114.88% -57.96%
NET CHANGE
Cash From Operating Activities 54.30M 103.5M $263.5M
Cash From Investing Activities -88.10M -91.40M -$485.2M
Cash From Financing Activities 16.10M -14.00M $204.2M
Net Change In Cash -17.70M -1.900M -$17.50M
YoY Change -11.06% -103.98% -35.9%
FREE CASH FLOW
Cash From Operating Activities $54.30M $103.5M $263.5M
Capital Expenditures -$89.00M -$90.90M $473.3M
Free Cash Flow $143.3M $194.4M -$209.8M
YoY Change -38.47% -11.76% -49.81%

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CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
23300000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
25500000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16400000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22400000 USD
CY2021Q4 us-gaap Real Estate Investments
RealEstateInvestments
19400000 USD
CY2020Q4 us-gaap Real Estate Investments
RealEstateInvestments
18200000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2300000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
20100000 USD
CY2021Q4 ale Other Postretirement Benefit Plans
OtherPostretirementBenefitPlans
64800000 USD
CY2020Q4 ale Other Postretirement Benefit Plans
OtherPostretirementBenefitPlans
34200000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
87500000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
86400000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
213700000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
206800000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
27200000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7400000 USD
CY2021Q4 ale Power Purchase Agreement Current Liability
PowerPurchaseAgreementCurrentLiability
12600000 USD
CY2020Q4 ale Power Purchase Agreement Current Liability
PowerPurchaseAgreementCurrentLiability
12500000 USD
CY2021Q4 ale Manufactured Gas Plant Current
ManufacturedGasPlantCurrent
12800000 USD
CY2020Q4 ale Manufactured Gas Plant Current
ManufacturedGasPlantCurrent
0 USD
CY2021Q4 ale Public Utilities Fuel Adjustment Clause
PublicUtilitiesFuelAdjustmentClause
5000000.0 USD
CY2020Q4 ale Public Utilities Fuel Adjustment Clause
PublicUtilitiesFuelAdjustmentClause
3700000 USD
CY2021Q4 ale Redeemable Non Controlling Interest
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30600000 USD
CY2020Q4 ale Redeemable Non Controlling Interest
RedeemableNonControllingInterest
0 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
40000000.0 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37200000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
133000000.0 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
66700000 USD
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
184500000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
166600000 USD
CY2021Q4 ale Power Purchase Agreement Noncurrent Liability
PowerPurchaseAgreementNoncurrentLiability
39500000 USD
CY2020Q4 ale Power Purchase Agreement Noncurrent Liability
PowerPurchaseAgreementNoncurrentLiability
52100000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
45200000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
50100000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
280800000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
285300000 USD
CY2021 us-gaap Lessee Operating Lease Residual Value Guarantee Description
LesseeOperatingLeaseResidualValueGuaranteeDescription
Our largest operating lease is for the dragline at BNI Energy which includes a termination payment at the end of the lease term if we do not exercise our purchase option.
CY2021Q4 us-gaap Residual Value Of Leased Asset
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3000000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
6700000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
8300000 USD
CY2021 us-gaap Operating Lease Payments
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6700000 USD
CY2020 us-gaap Operating Lease Payments
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8300000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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16400000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22400000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16400000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22400000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5100000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
22000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5600000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16400000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4800000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11600000 USD
CY2021 us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
Payment terms and conditions vary across our businesses. Aside from taconite-producing Large Power Customers, payment terms generally require payment to be made within 15 to 30 days from the end of the period that the service has been rendered. In the case of its taconite-producing Large Power Customers, as permitted by the MPUC, Minnesota Power requires weekly payments for electric usage based on monthly energy usage estimates.
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
23300000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
25500000 USD
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2700000 USD
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2600000 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8700000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14700000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18700000 USD
CY2021 ale Morelikelythannotdefined
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0.50
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5100200000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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4840800000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
160300000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8300000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1400000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
3600000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
200000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
166600000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8800000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4500000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
5200000 USD
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
9800000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
184500000 USD
CY2021Q4 us-gaap Jointly Owned Utility Plant Gross Ownership Amount Of Plant In Service
JointlyOwnedUtilityPlantGrossOwnershipAmountOfPlantInService
783700000 USD
CY2021Q4 us-gaap Jointly Owned Utility Plant Ownership Amount Of Plant Accumulated Depreciation
JointlyOwnedUtilityPlantOwnershipAmountOfPlantAccumulatedDepreciation
329600000 USD
CY2021Q4 us-gaap Jointly Owned Utility Plant Ownership Amount Of Construction Work In Progress
JointlyOwnedUtilityPlantOwnershipAmountOfConstructionWorkInProgress
30100000 USD
CY2020Q4 us-gaap Jointly Owned Utility Plant Gross Ownership Amount Of Plant In Service
JointlyOwnedUtilityPlantGrossOwnershipAmountOfPlantInService
764800000 USD
CY2020Q4 us-gaap Jointly Owned Utility Plant Ownership Amount Of Plant Accumulated Depreciation
JointlyOwnedUtilityPlantOwnershipAmountOfPlantAccumulatedDepreciation
304800000 USD
CY2020Q4 us-gaap Jointly Owned Utility Plant Ownership Amount Of Construction Work In Progress
JointlyOwnedUtilityPlantOwnershipAmountOfConstructionWorkInProgress
15000000.0 USD
CY2021Q4 ale Conservation Improvement Program Goal Next Fiscal Year
ConservationImprovementProgramGoalNextFiscalYear
10700000 USD
CY2021Q4 ale Conservation Improvement Program Goal In2 Years
ConservationImprovementProgramGoalIn2Years
10900000 USD
CY2021 us-gaap Types Of Net Regulatory Assets Earning Returns
TypesOfNetRegulatoryAssetsEarningReturns
With the exception of the regulatory asset for Boswell Units 1 and 2 net plant and equipment, no other regulatory assets are currently earning a return.
CY2021Q4 us-gaap Regulatory Assets Noncurrent
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511800000 USD
CY2020Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
480900000 USD
CY2021Q4 us-gaap Regulatory Liability Current
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8600000 USD
CY2020Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
7600000 USD
CY2021Q4 us-gaap Regulatory Liability Noncurrent
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536100000 USD
CY2020Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
524800000 USD
CY2021Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
544700000 USD
CY2020Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
532400000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1000000 USD
CY2021Q4 ale Availableforsale Securities Debt Maturities After One Year Through Three Years Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterOneYearThroughThreeYearsFairValue
2300000 USD
CY2021Q4 ale Availableforsale Securities Debt Maturities After Three Years Through Five Years Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterThreeYearsThroughFiveYearsFairValue
2100000 USD
CY2021Q4 ale Availableforsale Securities Debt Maturities After Five Years Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
800000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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1986400000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1806400000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
318000000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
301200000 USD
CY2021 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
The Company assesses the impairment of property, plant, and equipment whenever events or changes in circumstances indicate that the carrying amount of property, plant, and equipment assets may not be recoverable.
CY2021Q4 us-gaap Debt Current
DebtCurrent
214200000 USD
CY2020Q4 us-gaap Debt Current
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203700000 USD
CY2021Q4 us-gaap Deferred Finance Costs Current Net
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200000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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1763200000 USD
CY2021Q4 ale Debt Instrument Actual Indebtedness To Total Capital Ratio
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0.41
CY2020Q4 us-gaap Long Term Debt Noncurrent
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1593200000 USD
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8800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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214500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
89700000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
74400000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
386700000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
77200000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1143900000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
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9000000.0 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9500000 USD
CY2021Q4 us-gaap Long Term Debt
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1977400000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1796900000 USD
CY2021Q4 us-gaap Long Term Debt Current
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214200000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
203700000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1763200000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1593200000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
169200000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
169200000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52400000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
100000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52500000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.23
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.23
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10800000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
174200000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
174200000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51900000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51900000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.36
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.35
CY2019 us-gaap Net Income Loss
NetIncomeLoss
185600000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
185600000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51600000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
100000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51700000 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.59
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.59
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
100000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-37200000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-48800000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-27800000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9800000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
21700000 USD
CY2021 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-500000 USD
CY2020 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-500000 USD
CY2019 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-600000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-26900000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-39500000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6700000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-26900000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39500000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6600000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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110900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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122100000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
178900000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
23300000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25600000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37600000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8600000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7700000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
17200000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
53500000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
62700000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
50700000 USD
CY2021 ale Effective Income Tax Rate Reconciliation Regulatory Differences
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-9500000 USD
CY2020 ale Effective Income Tax Rate Reconciliation Regulatory Differences
EffectiveIncomeTaxRateReconciliationRegulatoryDifferences
-9900000 USD
CY2019 ale Effective Income Tax Rate Reconciliation Regulatory Differences
EffectiveIncomeTaxRateReconciliationRegulatoryDifferences
-8800000 USD
CY2021 ale Effective Income Taxrate Reconciliation Stock Basis Difference
EffectiveIncomeTaxrateReconciliationStockBasisDifference
0 USD
CY2020 ale Effective Income Taxrate Reconciliation Stock Basis Difference
EffectiveIncomeTaxrateReconciliationStockBasisDifference
0 USD
CY2019 ale Effective Income Taxrate Reconciliation Stock Basis Difference
EffectiveIncomeTaxrateReconciliationStockBasisDifference
1700000 USD
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-6300000 USD
CY2020 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-2700000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
0 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
500000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2600000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2900000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-3600000 USD
CY2021 us-gaap Income Tax Expense Benefit
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-26900000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39500000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6600000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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-0.243
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.324
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.037
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
44500000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
67600000 USD
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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54800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
61400000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
67500000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
60700000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
509100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
455700000 USD
CY2021Q4 ale Power Purchase Agreements Deferred Tax Asset
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16500000 USD
CY2020Q4 ale Power Purchase Agreements Deferred Tax Asset
PowerPurchaseAgreementsDeferredTaxAsset
20100000 USD
CY2021Q4 ale Deferred Tax Assets Regulatory Liabilities
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101500000 USD
CY2020Q4 ale Deferred Tax Assets Regulatory Liabilities
DeferredTaxAssetsRegulatoryLiabilities
107700000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
22400000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
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793900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
795600000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
69000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
69900000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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