2014 Q1 Form 10-Q Financial Statement

#000035254114000011 Filed on May 02, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $952.8M $859.6M
YoY Change 10.84% 12.26%
Cost Of Revenue $186.7M $185.0M
YoY Change 0.92% 11.24%
Gross Profit $766.1M $674.6M
YoY Change 13.56% 12.55%
Gross Profit Margin 80.41% 78.48%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $95.50M $92.60M
YoY Change 3.13% 10.77%
% of Gross Profit 12.47% 13.73%
Operating Expenses $611.9M $553.9M
YoY Change 10.47% 9.94%
Operating Profit $154.2M $120.7M
YoY Change 27.75% 26.26%
Interest Expense $45.20M $42.60M
YoY Change 6.1% 9.51%
% of Operating Profit 29.31% 35.29%
Other Income/Expense, Net -$23.00M -$25.50M
YoY Change -9.8% 3.66%
Pretax Income $131.2M $95.20M
YoY Change 37.82% 34.08%
Income Tax $20.60M $12.10M
% Of Pretax Income 15.7% 12.71%
Net Earnings $110.6M $80.10M
YoY Change 38.08% 105.91%
Net Earnings / Revenue 11.61% 9.32%
Basic Earnings Per Share
Diluted Earnings Per Share $0.97 $0.63
COMMON SHARES
Basic Shares Outstanding 110.9M shares 110.8M shares
Diluted Shares Outstanding 110.8M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.00M $53.00M
YoY Change -71.7% 70.97%
Cash & Equivalents $14.50M $53.40M
Short-Term Investments
Other Short-Term Assets $209.7M $157.5M
YoY Change 33.14% -52.27%
Inventory $151.0M $174.0M
Prepaid Expenses
Receivables $106.6M $98.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $936.2M $870.4M
YoY Change 7.56% 11.45%
LONG-TERM ASSETS
Property, Plant & Equipment $8.426B $7.914B
YoY Change 6.48% 11.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $333.0M $322.0M
YoY Change 3.42% 5.92%
Other Assets $68.60M $108.9M
YoY Change -37.01% -92.56%
Total Long-Term Assets $10.18B $9.864B
YoY Change 3.21% 11.49%
TOTAL ASSETS
Total Short-Term Assets $936.2M $870.4M
Total Long-Term Assets $10.18B $9.864B
Total Assets $11.12B $10.73B
YoY Change 3.57% 11.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $388.1M $368.6M
YoY Change 5.29% 39.62%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $221.0M $243.0M
YoY Change -9.05% 326.32%
Long-Term Debt Due $358.8M $1.500M
YoY Change 23820.0% 50.0%
Total Short-Term Liabilities $1.384B $1.038B
YoY Change 33.34% 34.29%
LONG-TERM LIABILITIES
Long-Term Debt $2.981B $3.122B
YoY Change -4.53% 14.44%
Other Long-Term Liabilities $262.2M $257.3M
YoY Change 1.9% -79.98%
Total Long-Term Liabilities $3.243B $3.379B
YoY Change -4.04% -15.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.384B $1.038B
Total Long-Term Liabilities $3.243B $3.379B
Total Liabilities $4.627B $4.417B
YoY Change 4.75% -31.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.832B $1.648B
YoY Change 11.15%
Common Stock $1.508B $1.506B
YoY Change 0.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.332B $3.146B
YoY Change
Total Liabilities & Shareholders Equity $11.12B $10.73B
YoY Change 3.57% 11.49%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $110.6M $80.10M
YoY Change 38.08% 105.91%
Depreciation, Depletion And Amortization $95.50M $92.60M
YoY Change 3.13% 10.77%
Cash From Operating Activities $293.6M $198.6M
YoY Change 47.83% -7.63%
INVESTING ACTIVITIES
Capital Expenditures -$159.0M -$153.2M
YoY Change 3.79% 25.47%
Acquisitions
YoY Change
Other Investing Activities $3.800M $14.80M
YoY Change -74.32% -3060.0%
Cash From Investing Activities -$176.8M -$119.7M
YoY Change 47.7% -11.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$112.1M -$46.70M
YoY Change 140.04% -22.68%
NET CHANGE
Cash From Operating Activities $293.6M $198.6M
Cash From Investing Activities -$176.8M -$119.7M
Cash From Financing Activities -$112.1M -$46.70M
Net Change In Cash $4.700M $32.20M
YoY Change -85.4% 65.13%
FREE CASH FLOW
Cash From Operating Activities $293.6M $198.6M
Capital Expenditures -$159.0M -$153.2M
Free Cash Flow $452.6M $351.8M
YoY Change 28.65% 4.36%

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CY2014Q1 us-gaap Other Cost And Expense Operating
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CY2014Q1 us-gaap Other Liabilities Noncurrent
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CY2013Q1 us-gaap Other Noncash Income Expense
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CY2014Q1 us-gaap Other Nonoperating Income Expense
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CY2014Q1 us-gaap Other Receivables
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CY2013Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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CY2014Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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CY2013Q1 us-gaap Payments Of Dividends Common Stock
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CY2014Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2013Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2013Q4 us-gaap Preferred Stock Value
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CY2014Q1 us-gaap Preferred Stock Value
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CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts in the Financial Statements and Notes have been reclassified to conform to the current period presentation for comparative purposes. Unless otherwise noted, the Notes herein exclude discontinued operations for all periods presented.</font></div></div>
CY2013Q1 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
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CY2014Q1 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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CY2014Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2013Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2014Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2013Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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PropertyPlantAndEquipmentNet
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PropertyPlantAndEquipmentOther
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CY2013Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
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5600000 USD
CY2014Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
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CY2014Q1 us-gaap Shortterm Debt Average Outstanding Amount
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CY2013Q1 us-gaap Shortterm Debt Average Outstanding Amount
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PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
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CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Net
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CY2014Q1 us-gaap Public Utilities Property Plant And Equipment Net
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CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
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CY2014Q1 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
22300000 USD
CY2014Q1 us-gaap Regulatory Assets
RegulatoryAssets
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CY2013Q4 us-gaap Regulatory Assets
RegulatoryAssets
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RegulatoryAssetsCurrent
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CY2013Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
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CY2013Q4 us-gaap Regulatory Assets Noncurrent
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CY2014Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2013Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2014Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2014Q1 us-gaap Regulatory Liability Current
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CY2013Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
196600000 USD
CY2013Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
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CY2014Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
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CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1832200000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2013Q1 us-gaap Revenues
Revenues
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CY2014Q1 us-gaap Revenues
Revenues
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CY2014Q1 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2013Q1 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
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CY2014Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q1 us-gaap Taxes Excluding Income And Excise Taxes
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CY2014Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
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CY2014Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
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CY2013Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management, all adjustments, which unless otherwise noted are normal and recurring in nature, necessary for a fair presentation of the results of operations, financial position and cash flows have been made. Results for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of results that may be expected for the year ending </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. A change in management&#8217;s estimates or assumptions could have a material impact on financial condition and results of operations during the period in which such change occurred.</font></div></div>
CY2014Q1 us-gaap Utilities Operating Expense Maintenance And Operations
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161000000 USD
CY2013Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
150200000 USD
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
110800000 shares
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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110800000 shares
CY2014Q1 lnt Adjustment Depreciation And Amortization Including Discontinued Operations
AdjustmentDepreciationAndAmortizationIncludingDiscontinuedOperations
95500000 USD
CY2013Q1 lnt Adjustment Depreciation And Amortization Including Discontinued Operations
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92600000 USD
CY2014Q1 lnt Common Stock Held In Trust Shares
CommonStockHeldInTrustShares
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CY2013Q4 lnt Common Stock Held In Trust Shares
CommonStockHeldInTrustShares
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CY2014Q1 lnt Common Stock Held In Trust Weighted Average Value Per Share
CommonStockHeldInTrustWeightedAverageValuePerShare
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CY2013Q4 lnt Common Stock Held In Trust Weighted Average Value Per Share
CommonStockHeldInTrustWeightedAverageValuePerShare
35.25
CY2013Q4 lnt Construction Work In Progress Business Line4
ConstructionWorkInProgressBusinessLine4
265000000 USD
CY2014Q1 lnt Construction Work In Progress Business Line4
ConstructionWorkInProgressBusinessLine4
274600000 USD
CY2013Q4 lnt Construction Work In Progress Business Line5
ConstructionWorkInProgressBusinessLine5
54600000 USD
CY2014Q1 lnt Construction Work In Progress Business Line5
ConstructionWorkInProgressBusinessLine5
59600000 USD
CY2013Q4 lnt Construction Work In Progress Business Line6
ConstructionWorkInProgressBusinessLine6
135100000 USD
CY2014Q1 lnt Construction Work In Progress Business Line6
ConstructionWorkInProgressBusinessLine6
144000000 USD
CY2013Q4 lnt Construction Work In Progress Other
ConstructionWorkInProgressOther
223200000 USD
CY2014Q1 lnt Construction Work In Progress Other
ConstructionWorkInProgressOther
252200000 USD
CY2014Q1 lnt Cost Electric Production Fuel And Energy Purchases
CostElectricProductionFuelAndEnergyPurchases
213900000 USD
CY2013Q1 lnt Cost Electric Production Fuel And Energy Purchases
CostElectricProductionFuelAndEnergyPurchases
179100000 USD
CY2014Q1 lnt Cost Of Gas Sold
CostOfGasSold
161900000 USD
CY2013Q1 lnt Cost Of Gas Sold
CostOfGasSold
128000000 USD
CY2013Q1 lnt Cost Purchased Electric Capacity
CostPurchasedElectricCapacity
57000000 USD
CY2014Q1 lnt Cost Purchased Electric Capacity
CostPurchasedElectricCapacity
24800000 USD
CY2014Q1 lnt Deferred Charges Regulatory Assets And Other Assets Noncurrent
DeferredChargesRegulatoryAssetsAndOtherAssetsNoncurrent
1421500000 USD
CY2013Q4 lnt Deferred Charges Regulatory Assets And Other Assets Noncurrent
DeferredChargesRegulatoryAssetsAndOtherAssetsNoncurrent
1445100000 USD
CY2014Q1 lnt Effective Income Tax Rate Reconciliation Effect Of Rate Making On Property Related Differences
EffectiveIncomeTaxRateReconciliationEffectOfRateMakingOnPropertyRelatedDifferences
-0.053
CY2013Q1 lnt Effective Income Tax Rate Reconciliation Effect Of Rate Making On Property Related Differences
EffectiveIncomeTaxRateReconciliationEffectOfRateMakingOnPropertyRelatedDifferences
-0.050
CY2013Q1 lnt Effective Income Tax Rate Reconciliation Tax Benefit Rider
EffectiveIncomeTaxRateReconciliationTaxBenefitRider
-0.128
CY2014Q1 lnt Effective Income Tax Rate Reconciliation Tax Benefit Rider
EffectiveIncomeTaxRateReconciliationTaxBenefitRider
-0.119
CY2013Q4 lnt Fair Value Of Deferred Proceeds Of Receivables Sold
FairValueOfDeferredProceedsOfReceivablesSold
203500000 USD
CY2014Q1 lnt Fair Value Of Deferred Proceeds Of Receivables Sold
FairValueOfDeferredProceedsOfReceivablesSold
170800000 USD
CY2014Q1 lnt Increase Decrease In Deferred Income Taxes Noncurrent Liabilities
IncreaseDecreaseInDeferredIncomeTaxesNoncurrentLiabilities
29000000 USD
CY2013Q1 lnt Increase Decrease In Gas Stored Underground
IncreaseDecreaseInGasStoredUnderground
-28700000 USD
CY2014Q1 lnt Increase Decrease In Gas Stored Underground
IncreaseDecreaseInGasStoredUnderground
-28500000 USD
CY2014Q1 lnt Individual Commitments Incurred
IndividualCommitmentsIncurred
1000000 USD
CY2013Q4 lnt Investments Business Line1
InvestmentsBusinessLine1
272100000 USD
CY2014Q1 lnt Investments Business Line1
InvestmentsBusinessLine1
276900000 USD
CY2014Q1 lnt Net Utility Plant
NetUtilityPlant
7190900000 USD
CY2013Q4 lnt Net Utility Plant
NetUtilityPlant
7147300000 USD
CY2014Q1 lnt Numberof Counterparties Exceeding Derivative Asset Position
NumberofCounterpartiesExceedingDerivativeAssetPosition
1 counterparty
CY2014Q1 lnt Public Utilities Property Plant And Equipment General
PublicUtilitiesPropertyPlantAndEquipmentGeneral
550800000 USD
CY2014Q1 lnt Other Common Stock Activity
OtherCommonStockActivity
43536 shares
CY2014Q1 lnt Other Long Term Investments And Marketable Securities
OtherLongTermInvestmentsAndMarketableSecurities
56000000 USD
CY2013Q4 lnt Other Long Term Investments And Marketable Securities
OtherLongTermInvestmentsAndMarketableSecurities
57500000 USD
CY2014Q1 lnt Payments To Acquire Productive Assets Business Line1
PaymentsToAcquireProductiveAssetsBusinessLine1
159000000 USD
CY2013Q1 lnt Payments To Acquire Productive Assets Business Line1
PaymentsToAcquireProductiveAssetsBusinessLine1
153200000 USD
CY2014Q1 lnt Payments To Acquire Productive Assets Business Line2
PaymentsToAcquireProductiveAssetsBusinessLine2
14000000 USD
CY2013Q1 lnt Payments To Acquire Productive Assets Business Line2
PaymentsToAcquireProductiveAssetsBusinessLine2
14100000 USD
CY2014Q1 lnt Performance Guarantees Outstanding
PerformanceGuaranteesOutstanding
347000000 USD
CY2014Q1 lnt Preferred Stock Fair Value
PreferredStockFairValue
183800000 USD
CY2013Q4 lnt Preferred Stock Fair Value
PreferredStockFairValue
167000000 USD
CY2014Q1 lnt Present Value Abandonment Obligation
PresentValueAbandonmentObligation
32000000 USD
CY2014Q1 lnt Proceeds From Cash Grant
ProceedsFromCashGrant
0 USD
CY2013Q1 lnt Proceeds From Cash Grant
ProceedsFromCashGrant
62400000 USD
CY2014Q1 lnt Production Tax Credits Net Of State Tax Impacts
ProductionTaxCreditsNetOfStateTaxImpacts
10000000 USD
CY2013Q1 lnt Production Tax Credits Net Of State Tax Impacts
ProductionTaxCreditsNetOfStateTaxImpacts
8600000 USD
CY2014Q1 lnt Property Plant And Equipment Nonregulated Business Line1
PropertyPlantAndEquipmentNonregulatedBusinessLine1
247200000 USD
CY2013Q4 lnt Property Plant And Equipment Nonregulated Business Line1
PropertyPlantAndEquipmentNonregulatedBusinessLine1
249400000 USD
CY2014Q1 lnt Property Plant And Equipment Nonregulated Business Line2
PropertyPlantAndEquipmentNonregulatedBusinessLine2
235400000 USD
CY2013Q4 lnt Property Plant And Equipment Nonregulated Business Line2
PropertyPlantAndEquipmentNonregulatedBusinessLine2
229600000 USD
CY2014Q1 lnt Public Utilities Property Plant And Equipment Electric
PublicUtilitiesPropertyPlantAndEquipmentElectric
9510800000 USD
CY2013Q4 lnt Public Utilities Property Plant And Equipment Electric
PublicUtilitiesPropertyPlantAndEquipmentElectric
9415700000 USD
CY2013Q4 lnt Public Utilities Property Plant And Equipment Gas
PublicUtilitiesPropertyPlantAndEquipmentGas
909900000 USD
CY2014Q1 lnt Public Utilities Property Plant And Equipment Gas
PublicUtilitiesPropertyPlantAndEquipmentGas
918800000 USD
CY2013Q4 lnt Public Utilities Property Plant And Equipment General
PublicUtilitiesPropertyPlantAndEquipmentGeneral
547900000 USD
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000352541
CY2014Q1 lnt Short Term Debt Weighted Average Remaining Maturity
ShortTermDebtWeightedAverageRemainingMaturity
P1D
CY2013Q4 lnt Total Deferred Credits And Other Liabilities
TotalDeferredCreditsAndOtherLiabilities
3218100000 USD
CY2014Q1 lnt Total Deferred Credits And Other Liabilities
TotalDeferredCreditsAndOtherLiabilities
3218800000 USD
CY2013Q1 lnt Weighted Average Interest Rate Short Term Debt
WeightedAverageInterestRateShortTermDebt
0.003
CY2014Q1 lnt Weighted Average Interest Rate Short Term Debt
WeightedAverageInterestRateShortTermDebt
0.001
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
110937182 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
ALLIANT ENERGY CORP

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