Alliant Energy (LNT) FY2018 results: revenue $3.5 billion, up 4.5% on the year
Alliant Energy Corp. (LNT) reported revenue of $3.5 billion for fiscal 2018, the year ended 31 December 2018, up 4.5% on the year before. Net income was $522 million, up 11.7%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$3.5 billion
+4.5% on the year
FY2011FY2018
Operating margin
19.6%
19.8% a year earlier
FY2011FY2018
Net income
$522 million
+11.7% on the year
FY2011FY2018
Diluted EPS
$2.19
+10.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,534
3,382
3,320
+4.5%
Cost of revenue
496
481
n/a
+3.1%
Gross profit
3,039
2,901
n/a
+4.7%
Gross margin
86.0%
85.8%
n/a
Operating income
694
671
554
+3.5%
Operating margin
19.6%
19.8%
16.7%
Interest expense
247
216
196
+14.6%
Pre-tax income
570
533
443
+7.0%
Income tax
48.0
66.7
59.4
-28.0%
Effective tax rate
8.4%
12.5%
13.4%
Net income
522
468
382
+11.7%
Net margin
14.8%
13.8%
11.5%
Diluted EPS
$2.19
$1.99
$1.64
+10.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
528
522
393
+1.2%
Capital expenditure
1,634
1,467
1,197
+11.4%
Free cash flow
-1,106
-945
-804
Free cash flow margin
-31.3%
-27.9%
-24.2%
Cash from investing
-1,067
-1,033
-720
Cash from financing
531
533
329
-0.4%
Depreciation and amortisation
507
462
412
+9.8%
Share-based compensation
17.0
15.1
18.0
+12.6%
Dividends paid
312
288
266
+8.3%
Dividend per share
$1.34
$1.26
$1.18
+6.3%
Diluted shares, weighted
234m
230m
n/a
+1.7%
Shares outstanding at period end
236m
231m
228m
+2.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,586
4,182
4,062
+9.6%
Non-controlling interest
200
200
n/a
0.0%
Debt
5,944
5,282
4,564
+12.5%
Other liabilities
4,696
4,524
4,748
+3.8%
Total liabilities and equity
15,426
14,188
13,374
+8.7%
Fixed assets
12,462
11,234
10,279
+10.9%
Investments
431
396
338
+8.9%
Cash and equivalents
20.9
27.9
8.2
-25.1%
Receivables
350
483
493
-27.4%
Other assets
2,161
2,046
2,256
+5.6%
Total assets
15,426
14,188
13,374
+8.7%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.