2015 Q4 Form 10-K Financial Statement

#000035254117000017 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $740.1M $898.9M $717.2M
YoY Change -7.96% 6.62% -4.41%
Cost Of Revenue $52.80M $13.60M $21.90M
YoY Change -46.83% -37.9% -51.33%
Gross Profit $687.3M $885.3M $695.3M
YoY Change -2.48% 7.81% -1.42%
Gross Profit Margin 92.87% 98.49% 96.95%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.4M $99.30M $100.4M
YoY Change 1.71% 2.27% 4.8%
% of Gross Profit 14.75% 11.22% 14.44%
Operating Expenses $608.1M $649.4M $586.3M
YoY Change -0.88% 3.67% -2.61%
Operating Profit $79.20M $235.9M $109.0M
YoY Change -13.25% 21.1% 5.52%
Interest Expense -$30.60M $46.40M $46.50M
YoY Change 0.33% 4.04% 3.1%
% of Operating Profit -38.64% 19.67% 42.66%
Other Income/Expense, Net -$25.50M -$26.40M
YoY Change 3.66% 3.53%
Pretax Income $48.60M $210.4M $82.60M
YoY Change -20.07% 23.62% 6.17%
Income Tax $10.90M $27.80M $11.20M
% Of Pretax Income 22.43% 13.21% 13.56%
Net Earnings $36.60M $182.5M $70.10M
YoY Change -41.44% 17.06% 9.02%
Net Earnings / Revenue 4.95% 20.3% 9.77%
Basic Earnings Per Share
Diluted Earnings Per Share $0.15 $0.79 $0.30
COMMON SHARES
Basic Shares Outstanding 113.4M shares 113.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.000M $139.0M $55.00M
YoY Change -89.47% 1163.64% 243.75%
Cash & Equivalents $5.800M $139.2M $54.80M
Short-Term Investments
Other Short-Term Assets $79.70M $217.4M $435.5M
YoY Change -31.82% -26.15% 50.33%
Inventory $224.0M $212.0M $185.0M
Prepaid Expenses
Receivables $397.6M $427.3M $297.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $826.8M $1.088B $1.044B
YoY Change -20.74% 13.03% 3.35%
LONG-TERM ASSETS
Property, Plant & Equipment $9.519B $9.367B $9.174B
YoY Change 6.5% 6.88% 7.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $302.9M $353.0M $350.0M
YoY Change 2.12% 2.92% 3.24%
Other Assets $14.60M $35.70M $38.20M
YoY Change -32.09% -35.33% -43.74%
Total Long-Term Assets $1.803B $11.47B $11.27B
YoY Change -83.64% 7.89% 8.6%
TOTAL ASSETS
Total Short-Term Assets $826.8M $1.088B $1.044B
Total Long-Term Assets $1.803B $11.47B $11.27B
Total Assets $12.50B $12.56B $12.31B
YoY Change 3.58% 8.32% 8.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $402.4M $438.3M $374.9M
YoY Change -5.96% -6.96% -21.17%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $160.0M $109.0M $121.0M
YoY Change 13.48% -69.21% -60.71%
Long-Term Debt Due $313.4M $3.000M $33.50M
YoY Change 71.26% -99.39% -93.42%
Total Short-Term Liabilities $1.359B $990.8M $991.5M
YoY Change 11.9% -43.12% -42.79%
LONG-TERM LIABILITIES
Long-Term Debt $3.522B $3.856B $3.717B
YoY Change -1.73% 37.73% 31.36%
Other Long-Term Liabilities $306.0M $333.0M $342.8M
YoY Change 17.65% 24.67% 35.12%
Total Long-Term Liabilities $3.828B $4.189B $4.060B
YoY Change -0.42% 36.59% 31.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.359B $990.8M $991.5M
Total Long-Term Liabilities $3.828B $4.189B $4.060B
Total Liabilities $5.188B $5.180B $5.052B
YoY Change 2.54% 7.72% 4.88%
SHAREHOLDERS EQUITY
Retained Earnings $2.069B $2.097B $1.979B
YoY Change 6.75% 8.4% 7.71%
Common Stock $1.664B $1.657B $1.650B
YoY Change 10.19% 9.74% 9.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.724B $3.745B $3.621B
YoY Change
Total Liabilities & Shareholders Equity $12.50B $12.56B $12.31B
YoY Change 3.58% 8.32% 8.13%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $36.60M $182.5M $70.10M
YoY Change -41.44% 17.06% 9.02%
Depreciation, Depletion And Amortization $101.4M $99.30M $100.4M
YoY Change 1.71% 2.27% 4.8%
Cash From Operating Activities $175.9M $178.0M $202.6M
YoY Change 37.74% -43.62% 31.05%
INVESTING ACTIVITIES
Capital Expenditures -$284.7M -$242.7M -$210.2M
YoY Change 13.2% -4.75% 21.08%
Acquisitions
YoY Change
Other Investing Activities -$21.50M $100.0M -$9.200M
YoY Change -16.67% -702.41% -50.54%
Cash From Investing Activities -$306.2M -$142.7M -$219.4M
YoY Change 10.42% -47.42% 14.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.100M 49.10M -26.00M
YoY Change -101.59% -199.19% -166.16%
NET CHANGE
Cash From Operating Activities 175.9M 178.0M 202.6M
Cash From Investing Activities -306.2M -142.7M -219.4M
Cash From Financing Activities -3.100M 49.10M -26.00M
Net Change In Cash -133.4M 84.40M -42.80M
YoY Change -390.63% -1723.08% -2617.65%
FREE CASH FLOW
Cash From Operating Activities $175.9M $178.0M $202.6M
Capital Expenditures -$284.7M -$242.7M -$210.2M
Free Cash Flow $460.6M $420.7M $412.8M
YoY Change 21.47% -26.26% 25.78%

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83100000 USD
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90200000 USD
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CY2015 us-gaap Current Federal Tax Expense Benefit
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CurrentFederalTaxExpenseBenefit
1800000 USD
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CurrentStateAndLocalTaxExpenseBenefit
3200000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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CY2016Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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DebtInstrumentUnamortizedDiscountPremiumNet
12600000 USD
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DebtInstrumentUnamortizedDiscountPremiumNet
13500000 USD
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22300000 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
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23400000 USD
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55200000 USD
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114200000 USD
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84600000 USD
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4600000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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27900000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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4900000 USD
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597200000 USD
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250900000 USD
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173300000 USD
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38300000 USD
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32900000 USD
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85400000 USD
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87900000 USD
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236400000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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268400000 USD
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2381200000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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2570200000 USD
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2381200000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
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2570200000 USD
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157300000 USD
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95300000 USD
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2762900000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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2919000000 USD
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488500000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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93400000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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97500000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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95400000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
93700000 USD
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91700000 USD
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22500000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24900000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
23600000 USD
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388100000 USD
CY2015 us-gaap Depreciation And Amortization
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401300000 USD
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DepreciationAndAmortization
411600000 USD
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-1300000 USD
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-1500000 USD
CY2016 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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-1600000 USD
CY2014 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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3700000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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4000000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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3900000 USD
CY2014 us-gaap Dividends Common Stock
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225800000 USD
CY2015 us-gaap Dividends Common Stock
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247300000 USD
CY2016 us-gaap Dividends Common Stock
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266500000 USD
CY2014 us-gaap Dividends Preferred Stock
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10200000 USD
CY2015 us-gaap Dividends Preferred Stock
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10200000 USD
CY2016 us-gaap Dividends Preferred Stock
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10200000 USD
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1.73
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1.68
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1.64
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0.43
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0.30
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0.79
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0.15
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0.43
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0.37
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0.57
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0.28
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0.101
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0.153
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0.134
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0.350
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0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
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0.071
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.072
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0.072
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-0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.011
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-0.005
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-0.013
CY2015 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.008
CY2016 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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-0.008
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0.054
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0.052
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.054
CY2014 us-gaap Electric Domestic Regulated Revenue
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2713600000 USD
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2770500000 USD
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2875500000 USD
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877200000 USD
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837700000 USD
CY2016 us-gaap Electric Production Expense
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854000000 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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5000000 USD
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6200000 USD
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4400000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7400000 USD
CY2015Q4 us-gaap Energy Related Inventory Gas Stored Underground
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43300000 USD
CY2016Q4 us-gaap Energy Related Inventory Gas Stored Underground
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37600000 USD
CY2015Q4 us-gaap Energy Related Inventory Other Fossil Fuel
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98800000 USD
CY2016Q4 us-gaap Energy Related Inventory Other Fossil Fuel
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98100000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
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36400000 USD
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30600000 USD
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28300000 USD
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88000000 USD
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82000000 USD
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332000000 USD
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498000000 USD
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330000000 USD
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299000000 USD
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331000000 USD
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240000000 USD
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186000000 USD
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232000000 USD
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3987000000 USD
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4340000000 USD
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2052000000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
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2144000000 USD
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643000000 USD
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624000000 USD
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658000000 USD
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296600000 USD
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302900000 USD
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326000000 USD
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381200000 USD
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355400000 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
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86400000 USD
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385500000 USD
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68900000 USD
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180000000 USD
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35200000 USD
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IncomeLossFromContinuingOperations
380700000 USD
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128800000 USD
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63000000 USD
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373800000 USD
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440000000 USD
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461300000 USD
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443400000 USD
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395700000 USD
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390900000 USD
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384000000 USD
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1.74
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1.69
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1.65
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0.43
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0.31
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0.79
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0.16
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0.43
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0.37
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0.28
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-2400000 USD
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-2500000 USD
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-2300000 USD
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CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
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-100000 USD
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CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-0.01
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-0.01
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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-0.01
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
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CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.01
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
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0.00
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2014 us-gaap Income Loss From Equity Method Investments
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40400000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
33800000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
39600000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44300000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70400000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59400000 USD
CY2014 us-gaap Income Taxes Paid Net
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-5300000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9800000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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-48700000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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121400000 USD
CY2014 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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23100000 USD
CY2015 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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24400000 USD
CY2016 us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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42300000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
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-138400000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
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-94600000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
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CY2016 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%;text-align:left;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. As discussed in </font><a style="font-family:inherit;font-size:10pt;" href="#s088E6B970680537C89ACF51B92CDC01E"><font style="font-family:inherit;font-size:10pt;">Note 7</font></a><font style="font-family:inherit;font-size:10pt;">, all Alliant Energy share and per share amounts have been adjusted to reflect a </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-for-one common stock split distributed in May 2016. As required by GAAP, all prior period financial statements and disclosures presented herein have been restated to reflect the common stock split.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the financial statements requires management to make estimates and assumptions that affect: (a) the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements; and (b) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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