Alliant Energy Corp. Q4 FY2023 results: revenue $961 million, down 9.3% on the year

Alliant Energy Corp. (LNT) reported revenue of $961 million for Q4 FY2023, the quarter ended 31 December 2023, down 9.3% on the same quarter a year earlier. Net income was $121 million, up 12.0% on the year, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.

Revenue$961 milliondown 9.3%

Net income$121 millionup 12.0%

Diluted EPS$0.47

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	961	1,077	n/a	n/a
Cost of revenue	145	154	n/a	n/a
Gross profit	816	923	n/a	n/a
Gross margin	84.9%	85.7%	n/a
Operating income	182	322	n/a	n/a
Operating margin	18.9%	29.9%	n/a
Interest expense	105	99.0	n/a	n/a
Pre-tax income	122	264	n/a	n/a
Income tax	1.0	5.0	n/a	n/a
Effective tax rate	0.8%	1.9%	n/a
Net income	121	259	n/a	n/a
Net margin	12.6%	24.0%	n/a
Diluted EPS	$0.47	$1.02	n/a	n/a

$ million except per share. Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	245	311	n/a	n/a
Capital expenditure	n/a	443	n/a	n/a
Free cash flow	n/a	-132	n/a	n/a
Free cash flow margin	n/a	-12.3%	n/a
Depreciation and amortisation	173	170	n/a	n/a
Share-based compensation	2.0	4.0	n/a	n/a
Dividends paid	115	115	n/a	n/a
Dividend per share	n/a	$0.45	n/a	n/a
Diluted shares, weighted	253m	254m	n/a	n/a
Shares outstanding at period end	256m	255m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Total assets	21,237	20,904	n/a	n/a
Cash and equivalents	62.0	206	n/a	n/a
Receivables	475	486	n/a	n/a
Long-term debt	8,225	8,429	n/a	n/a
Borrowings, as the company tags them	9,109	n/a	n/a	n/a
Operating lease liabilities	21.0	n/a	n/a	n/a
Finance lease liabilities	172	n/a	n/a	n/a
Shareholders' equity	6,777	6,726	n/a	n/a

Quarterly results, the last 12 quarters

	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026
Revenue	912	1,077	961	1,031	894	1,081	975	1,128	961	1,210	1,063	1,184
Cost of revenue	138	154	145	152	147	165	149	158	151	166	150	159
Gross profit	774	923	816	879	747	916	826	970	810	1,044	913	1,025
Gross margin	85%	86%	85%	85%	84%	85%	85%	86%	84%	86%	86%	87%
Operating income	217	322	182	222	130	313	221	257	223	349	196	249
Operating margin	24%	30%	19%	22%	15%	29%	23%	23%	23%	29%	18%	21%
Interest expense	96.0	99.0	105	107	108	114	120	119	124	128	141	142
Pre-tax income	160	264	122	148	54.0	233	141	166	131	263	101	163
Tax rate	0%	2%	1%	-7%	-61%	-27%	-6%	-28%	-33%	-7%	-41%	-37%
Net income	160	259	121	158	87.0	295	150	213	174	281	142	224
Net margin	18%	24%	13%	15%	10%	27%	15%	19%	18%	23%	13%	19%
Diluted EPS	$0.64	$1.02	$0.47	$0.62	$0.34	$1.15	$0.58	$0.83	$0.68	$1.09	$0.54	$0.87
Operating cash flow	123	311	245	307	255	351	254	249	243	408	269	368
Capital expenditure	341	443	n/a	478	392	410	772	554	422	511	790	342
Free cash flow	-218	-132	n/a	-171	-137	-59.0	-518	-305	-179	-103	-521	26.0
Dividends paid	113	115	115	123	123	123	123	130	131	130	130	137
Shares outstanding	253m	255m	256m	256m	256m	257m	257m	257m	257m	257m	257m	258m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 16 February 2024, accession 0000352541-24-000014: the filing on EDGAR. All of Alliant Energy Corp.'s filings: EDGAR company page.

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