Alliant Energy (LNT) FY2017 results: revenue $3.4 billion, up 1.9% on the year
Alliant Energy Corp. (LNT) reported revenue of $3.4 billion for fiscal 2017, the year ended 31 December 2017, up 1.9% on the year before. Net income was $468 million, up 22.5%, and diluted earnings per share $1.99. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$3.4 billion
+1.9% on the year
FY2010FY2017
Operating margin
19.8%
16.7% a year earlier
FY2010FY2017
Net income
$468 million
+22.5% on the year
FY2010FY2017
Diluted EPS
$1.99
+21.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,382
3,320
3,254
+1.9%
Cost of revenue
481
n/a
n/a
Gross profit
2,901
n/a
n/a
Gross margin
85.8%
n/a
n/a
Operating income
671
554
577
+21.1%
Operating margin
19.8%
16.7%
17.7%
Interest expense
216
196
187
+9.9%
Pre-tax income
533
443
461
+20.2%
Income tax
66.7
59.4
70.4
+12.3%
Effective tax rate
12.5%
13.4%
15.3%
Net income
468
382
388
+22.5%
Net margin
13.8%
11.5%
11.9%
Diluted EPS
$1.99
$1.64
$1.68
+21.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
522
393
871
+32.8%
Capital expenditure
1,467
1,197
1,034
+22.6%
Free cash flow
-945
-804
-163
Free cash flow margin
-27.9%
-24.2%
-5.0%
Cash from investing
-1,033
-720
-919
Cash from financing
533
329
-3.1
+61.7%
Depreciation and amortisation
462
412
401
+12.2%
Share-based compensation
15.1
18.0
10.7
-16.1%
Dividends paid
288
266
247
+8.2%
Dividend per share
$1.26
$1.18
$1.10
+7.2%
Diluted shares, weighted
230m
n/a
n/a
Shares outstanding at period end
231m
228m
227m
+1.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,182
4,062
3,724
+3.0%
Non-controlling interest
200
n/a
200
Debt
5,282
4,564
3,995
+15.7%
Other liabilities
4,524
4,748
4,576
-4.7%
Total liabilities and equity
14,188
13,374
12,495
+6.1%
Fixed assets
11,234
10,279
9,519
+9.3%
Investments
396
338
346
+17.3%
Cash and equivalents
27.9
8.2
5.8
+240.2%
Receivables
483
493
398
-2.1%
Other assets
2,046
2,256
2,226
-9.3%
Total assets
14,188
13,374
12,495
+6.1%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.