Condensed Parent Company Financial Statements

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Parent Company Financial Statements

SCHEDULE I - CONDENSED PARENT COMPANY FINANCIAL STATEMENTS

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED STATEMENTS OF INCOME

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Operating revenues		$1			$2			$2
Operating expenses	3			3			3
Operating loss	(2		)	(1		)	(1		)
Interest expense and other:
Equity earnings from consolidated subsidiaries	(374		)	(379		)	(388		)
Interest expense	3			3			9
Interest income	(2		)	(3		)	(2		)
Total interest expense and other	(373		)	(379		)	(381		)
Income before income taxes	371			378			380
Income tax benefit	(1		)	(1		)	(3		)
Net income		$372			$379			$383

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED BALANCE SHEETS

	December 31,
	2016		2015
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies		$74		$93
Other	5		9
Total current assets	79		102
Investments:
Investments in consolidated subsidiaries	4,211		3,999
Other	2		14
Total investments	4,213		4,013
Other assets	64		20
Total assets		$4,356		$4,135

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt		$—			$250
Commercial paper	192			140
Notes payable to affiliated companies	275			—
Other	12			12
Total current liabilities	479			402
Other liabilities	18			12
Common equity:
Common stock and additional paid-in capital	1,695			1,664
Retained earnings	2,174			2,066
Shares in deferred compensation trust	(10		)	(9		)
Total common equity	3,859			3,721
Total liabilities and equity		$4,356			$4,135

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2016			2015			2014
	(in millions)
Net cash flows from operating activities		$254			$262			$246
Cash flows from (used for) investing activities:
Capital contributions to consolidated subsidiaries	(250		)	(165		)	(90		)
Capital repayments from consolidated subsidiaries	130			—			50
Net change in notes receivable from and payable to affiliates	294			2			(23		)
Other	10			—			—
Net cash flows from (used for) investing activities	184			(163		)	(63		)
Cash flows used for financing activities:
Common stock dividends	(267		)	(247		)	(226		)
Proceeds from issuance of common stock, net	27			151			—
Proceeds from issuance of long-term debt	—			—			250
Payments to retire long-term debt	(250		)	—			(250		)
Net change in commercial paper	52			(1		)	45
Other	—			(2		)	(2		)
Net cash flows used for financing activities	(438		)	(99		)	(183		)
Net decrease in cash and cash equivalents	—			—			—
Cash and cash equivalents at beginning of period	—			—			—
Cash and cash equivalents at end of period		$—			$—			$—
Supplemental cash flows information:
Cash paid during the period for:
Interest, net of capitalized interest		($3	)		($3	)		($11	)
Income taxes, net	(37		)	(9		)	(5		)

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION

(Parent Company Only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Pursuant to rules and regulations of the SEC, the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only) do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these Condensed Financial Statements should be read in conjunction with the Financial Statements and related Notes included in the combined 2016 Form 10-K, Part II, Item 8, which is incorporated herein by reference.

In the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only), investments in subsidiaries are accounted for using the equity method.