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Alliant Energy (LNT) FY2024 results: revenue $4.0 billion, down 1.1% on the year

Alliant Energy Corp. (LNT) reported revenue of $4.0 billion for fiscal 2024, the year ended 31 December 2024, down 1.1% on the year before. Net income was $690 million, down 1.8%, and diluted earnings per share $2.69. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.

Revenue
$4.0 billion
-1.1% on the year
FY2017FY2024
Operating margin
22.3%
23.4% a year earlier
FY2017FY2024
Net income
$690 million
-1.8% on the year
FY2017FY2024
Diluted EPS
$2.69
-3.2% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue3,9814,0274,205-1.1%
Cost of revenue613583573+5.1%
Gross profit3,3683,4443,632-2.2%
Gross margin84.6%85.5%86.4%
Operating income886943928-6.0%
Operating margin22.3%23.4%22.1%
Interest expense449394325+14.0%
Pre-tax income576707708-18.5%
Income tax-1144.022.0
Effective tax rate-19.8%0.6%3.1%
Net income690703686-1.8%
Net margin17.3%17.5%16.3%
Diluted EPS$2.69$2.78$2.73-3.2%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,167867486+34.6%
Capital expenditure2,0521,7311,484+18.5%
Free cash flow-885-864-998
Free cash flow margin-22.2%-21.5%-23.7%
Cash from investing-1,547-1,401-933
Cash from financing398573431-30.5%
Depreciation and amortisation772676671+14.2%
Share-based compensation12.012.013.00.0%
Dividends paid492456428+7.9%
Dividend per share$1.92$1.81$1.71+6.1%
Diluted shares, weighted257m253m251m+1.4%
Shares outstanding at period end257m256m251m+0.2%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity7,0046,7776,276+3.3%
Debt10,4069,5098,718+9.4%
Operating lease liabilities20.021.013.0-4.8%
Finance lease liabilities189172131+9.9%
Other liabilities5,0954,7585,025+7.1%
Total liabilities and equity22,71421,23720,163+7.0%
Fixed assets18,70117,15716,247+9.0%
Investments639602559+6.1%
Cash and equivalents81.062.020.0+30.6%
Receivables427475516-10.1%
Other assets2,8662,9412,821-2.6%
Total assets22,71421,23720,163+7.0%

10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.