Condensed Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Condensed Statements of Income

ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF INCOME	2020	2019	2018
	(in millions)
Operating expenses	$7	$2	$5
Operating loss	(7)	(2)	(5)
Other (income) and deductions:
Equity earnings from consolidated subsidiaries	(625)	(562)	(523)
Interest expense	2	9	4
Other	4	7	2
Total other (income) and deductions	(619)	(546)	(517)
Income before income taxes	612	544	512
Income tax benefit	(4)	(15)	(1)
Net income	$616	$559	$513

Refer to accompanying Notes to Condensed Financial Statements.

Condensed Balance Sheets

ALLIANT ENERGY CORPORATION (Parent Company Only)	December 31,
CONDENSED BALANCE SHEETS	2020	2019
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies	$32	$27
Other	5	6
Total current assets	37	33
Investments:
Investments in consolidated subsidiaries	6,664	6,017
Other	2	1
Total investments	6,666	6,018
Other assets	88	89
Total assets	$6,791	$6,140

LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$132	$169
Notes payable to affiliated companies	937	731
Other	29	19
Total current liabilities	1,098	919
Other liabilities	2	15
Common equity:
Common stock and additional paid-in capital	2,706	2,448
Retained earnings	2,996	2,766
Accumulated other comprehensive income	—	2
Shares in deferred compensation trust	(11)	(10)
Total common equity	5,691	5,206
Total liabilities and equity	$6,791	$6,140

Refer to accompanying Notes to Condensed Financial Statements.

Condensed Statements of Cash Flows

ALLIANT ENERGY CORPORATION (Parent Company Only)	Year Ended December 31,
CONDENSED STATEMENTS OF CASH FLOWS	2020	2019	2018
	(in millions)
Net cash flows from operating activities	$396	$305	$311
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(429)	(250)	(625)
Net change in notes receivable from and payable to affiliates	201	8	441
Net cash flows used for investing activities	(228)	(242)	(184)
Cash flows used for financing activities:
Common stock dividends	(377)	(338)	(312)
Proceeds from issuance of common stock, net	247	390	197
Net change in commercial paper	(37)	(116)	(10)
Other	(1)	1	(2)
Net cash flows used for financing activities	(168)	(63)	(127)
Net increase (decrease) in cash, cash equivalents and restricted cash	—	—	—
Cash, cash equivalents and restricted cash at beginning of period	—	—	—
Cash, cash equivalents and restricted cash at end of period	$—	$—	$—
Supplemental cash flows information:
Cash (paid) refunded during the period for:
Interest	($2)	($9)	($4)
Income taxes, net	10	14	5

Refer to accompanying Notes to Condensed Financial Statements.