Alliant Energy (LNT) FY2020 results: revenue $3.4 billion, down 6.4% on the year
Alliant Energy Corp. (LNT) reported revenue of $3.4 billion for fiscal 2020, the year ended 31 December 2020, down 6.4% on the year before. Net income was $624 million, up 10.0%, and diluted earnings per share $2.47. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$3.4 billion
-6.4% on the year
FY2013FY2020
Operating margin
21.7%
21.3% a year earlier
FY2013FY2020
Net income
$624 million
+10.0% on the year
FY2013FY2020
Diluted EPS
$2.47
+6.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,416
3,648
3,534
-6.4%
Cost of revenue
449
481
496
-6.7%
Gross profit
2,967
3,166
3,039
-6.3%
Gross margin
86.9%
86.8%
86.0%
Operating income
740
778
694
-4.8%
Operating margin
21.7%
21.3%
19.6%
Interest expense
275
273
247
+0.8%
Pre-tax income
567
636
570
-10.9%
Income tax
-57.0
69.0
48.0
Effective tax rate
-10.1%
10.8%
8.4%
Net income
624
567
522
+10.0%
Net margin
18.3%
15.6%
14.8%
Diluted EPS
$2.47
$2.33
$2.19
+6.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
501
660
528
-24.1%
Capital expenditure
1,366
1,640
1,634
-16.7%
Free cash flow
-865
-980
-1,106
Free cash flow margin
-25.3%
-26.9%
-31.3%
Cash from investing
-951
-1,287
-1,067
Cash from financing
488
619
531
-21.2%
Depreciation and amortisation
615
567
507
+8.4%
Share-based compensation
16.0
26.0
17.0
-38.5%
Dividends paid
377
337
312
+11.9%
Dividend per share
$1.52
$1.42
$1.34
+7.0%
Diluted shares, weighted
249m
239m
234m
+4.1%
Shares outstanding at period end
250m
245m
236m
+2.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,688
5,205
4,586
+9.3%
Non-controlling interest
200
200
200
0.0%
Debt
7,166
6,527
5,944
+9.8%
Operating lease liabilities
13.0
14.0
n/a
-7.1%
Other liabilities
4,643
4,755
4,696
-2.3%
Total liabilities and equity
17,710
16,701
15,426
+6.0%
Fixed assets
14,336
13,527
12,462
+6.0%
Investments
485
468
431
+3.7%
Cash and equivalents
54.0
16.0
20.9
+237.5%
Receivables
412
402
350
+2.5%
Other assets
2,423
2,288
2,161
+5.9%
Total assets
17,710
16,701
15,426
+6.0%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.