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Alliant Energy (LNT) FY2021 results: revenue $3.7 billion, up 7.4% on the year

Alliant Energy Corp. (LNT) reported revenue of $3.7 billion for fiscal 2021, the year ended 31 December 2021, up 7.4% on the year before. Net income was $674 million, up 8.0%, and diluted earnings per share $2.63. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.

Revenue
$3.7 billion
+7.4% on the year
FY2014FY2021
Operating margin
21.7%
21.7% a year earlier
FY2014FY2021
Net income
$674 million
+8.0% on the year
FY2014FY2021
Diluted EPS
$2.63
+6.5% on the year
FY2014FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q4 FY2021

Income statement (profit and loss)

$ millionFY2021FY2020FY2019On the yearLast 8 years
Revenue3,6693,4163,648+7.4%
Cost of revenue537449481+19.6%
Gross profit3,1322,9673,166+5.6%
Gross margin85.4%86.9%86.8%
Operating income795740778+7.4%
Operating margin21.7%21.7%21.3%
Interest expense277275273+0.7%
Pre-tax income600567636+5.8%
Income tax-74.0-57.069.0
Effective tax rate-12.3%-10.1%10.8%
Net income674624567+8.0%
Net margin18.4%18.3%15.6%
Diluted EPS$2.63$2.47$2.33+6.5%
$ 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

$ millionFY2021FY2020FY2019On the yearLast 8 years
Operating cash flow582501660+16.2%
Capital expenditure1,1691,3661,640-14.4%
Free cash flow-587-865-980
Free cash flow margin-16.0%-25.3%-26.9%
Cash from investing-728-951-1,287
Cash from financing130488619-73.4%
Depreciation and amortisation657615567+6.8%
Share-based compensation14.016.026.0-12.5%
Dividends paid403377337+6.9%
Dividend per share$1.61$1.52$1.42+5.9%
Diluted shares, weighted251m249m239m+0.8%
Shares outstanding at period end250m250m245m+0.2%

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity5,9905,6885,205+5.3%
Non-controlling interest0.0200200
Debt7,8837,1666,527+10.0%
Operating lease liabilities12.013.014.0-7.7%
Finance lease liabilities11.0n/an/a
Other liabilities4,6574,6434,755+0.3%
Total liabilities and equity18,55317,71016,701+4.8%
Fixed assets14,98714,33613,527+4.5%
Investments517485468+6.6%
Cash and equivalents39.054.016.0-27.8%
Receivables440412402+6.8%
Other assets2,5702,4232,288+6.1%
Total assets18,55317,71016,701+4.8%

10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.