Alliant Energy (LNT) FY2019 results: revenue $3.6 billion, up 3.2% on the year
Alliant Energy Corp. (LNT) reported revenue of $3.6 billion for fiscal 2019, the year ended 31 December 2019, up 3.2% on the year before. Net income was $567 million, up 8.6%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$3.6 billion
+3.2% on the year
FY2012FY2019
Operating margin
21.3%
19.6% a year earlier
FY2012FY2019
Net income
$567 million
+8.6% on the year
FY2012FY2019
Diluted EPS
$2.33
+6.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,648
3,534
3,382
+3.2%
Cost of revenue
481
496
481
-2.9%
Gross profit
3,166
3,039
2,901
+4.2%
Gross margin
86.8%
86.0%
85.8%
Operating income
778
694
671
+12.0%
Operating margin
21.3%
19.6%
19.8%
Interest expense
273
247
216
+10.5%
Pre-tax income
636
570
533
+11.6%
Income tax
69.0
48.0
66.7
+43.8%
Effective tax rate
10.8%
8.4%
12.5%
Net income
567
522
468
+8.6%
Net margin
15.6%
14.8%
13.8%
Diluted EPS
$2.33
$2.19
$1.99
+6.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
660
528
522
+25.1%
Capital expenditure
1,640
1,634
1,467
+0.4%
Free cash flow
-980
-1,106
-945
Free cash flow margin
-26.9%
-31.3%
-27.9%
Cash from investing
-1,287
-1,067
-1,033
Cash from financing
619
531
533
+16.7%
Depreciation and amortisation
567
507
462
+11.9%
Share-based compensation
26.0
17.0
15.1
+52.9%
Dividends paid
337
312
288
+7.9%
Dividend per share
$1.42
$1.34
$1.26
+6.0%
Diluted shares, weighted
239m
234m
230m
+2.3%
Shares outstanding at period end
245m
236m
231m
+3.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,205
4,586
4,182
+13.5%
Non-controlling interest
200
200
200
0.0%
Debt
6,527
5,944
5,282
+9.8%
Operating lease liabilities
14.0
n/a
n/a
Other liabilities
4,755
4,696
4,524
+1.2%
Total liabilities and equity
16,701
15,426
14,188
+8.3%
Fixed assets
13,527
12,462
11,234
+8.5%
Investments
468
431
396
+8.5%
Cash and equivalents
16.0
20.9
27.9
-23.4%
Receivables
402
350
483
+14.8%
Other assets
2,288
2,161
2,046
+5.9%
Total assets
16,701
15,426
14,188
+8.3%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.