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Condensed Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Statements of Income
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.
Condensed Balance Sheets
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.
Condensed Statements of Cash Flows
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.