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Alliant Energy (LNT) FY2022 results: revenue $4.2 billion, up 14.6% on the year

Alliant Energy Corp. (LNT) reported revenue of $4.2 billion for fiscal 2022, the year ended 31 December 2022, up 14.6% on the year before. Net income was $686 million, up 1.8%, and diluted earnings per share $2.73. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.

Revenue
$4.2 billion
+14.6% on the year
FY2015FY2022
Operating margin
22.1%
21.7% a year earlier
FY2015FY2022
Net income
$686 million
+1.8% on the year
FY2015FY2022
Diluted EPS
$2.73
+3.8% on the year
FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue4,2053,6693,416+14.6%
Cost of revenue573537449+6.7%
Gross profit3,6323,1322,967+16.0%
Gross margin86.4%85.4%86.9%
Operating income928795740+16.7%
Operating margin22.1%21.7%21.7%
Interest expense325277275+17.3%
Pre-tax income708600567+18.0%
Income tax22.0-74.0-57.0
Effective tax rate3.1%-12.3%-10.1%
Net income686674624+1.8%
Net margin16.3%18.4%18.3%
Diluted EPS$2.73$2.63$2.47+3.8%
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow486582501-16.5%
Capital expenditure1,4841,1691,366+26.9%
Free cash flow-998-587-865
Free cash flow margin-23.7%-16.0%-25.3%
Cash from investing-933-728-951
Cash from financing431130488+231.5%
Depreciation and amortisation671657615+2.1%
Share-based compensation13.014.016.0-7.1%
Dividends paid428403377+6.2%
Dividend per share$1.71$1.61$1.52+6.2%
Diluted shares, weighted251m251m249m+0.2%
Shares outstanding at period end251m250m250m+0.3%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity6,2765,9905,688+4.8%
Non-controlling interestn/a0.0200
Debt8,7187,8837,166+10.6%
Operating lease liabilities13.012.013.0+8.3%
Finance lease liabilities13111.0n/a+1,090.9%
Other liabilities5,0254,6574,643+7.9%
Total liabilities and equity20,16318,55317,710+8.7%
Fixed assets16,24714,98714,336+8.4%
Investments559517485+8.1%
Cash and equivalents20.039.054.0-48.7%
Receivables516440412+17.3%
Other assets2,8212,5702,423+9.8%
Total assets20,16318,55317,710+8.7%

10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.